Question

(2) From Planned Economy to Market Economy Text: Chapter 5 Review Question 2 (a) What are "Township and Village Enterprises (TVES)"? (B) What are the roles of TVES in China's economic reform which started in late 1970's? (C) What is the "Dual Track System"? (D) What are the important moves of regulatory and institutional restructuring launched by Zhu Rongji in 1990's?

(2) From Planned Economy to Market Economy Text: Chapter 5 Review Question 2 (a) What are "Township and Village Enterprises (TVES)"? (b) What are the roles of TVEs in China's economic reform which started in late 1970's? (c) What is the “Dual Track System"? (d) What are the important moves of regulatory and institutional restructuring launched by Zhu Rongji in 1990's?

Answer 1

to Township and Village Enterprises au mecker - okiented public enterprises. These exteries are under the scope of the influence of local government based on tarnslips and villages, TVEs are found to be much more efficient than comparable state oso med enterprises (spes). They are also competitive pri the international markets (TUE) have played a significant role in the growth of Chinese economy some the economic refans of 1978. Their management which responds market forues and their outroned - Orientation hane contributed to their productive efficiency. hocal gaeenments tended to and fostered the developing of these TVE's fo they saw these entities as reguler sources of revenues in resource - constrained erwisonments. The TVE reforms also allowed for the surd aua's labam forues to more efficiently, encage Pov Podestial outputs rather thom agrivillud Oulputa. Barling om 1980, the economy entered emto a period of stagnation and after the death of Mao Zedong, the communist party leadership turned to merkit on’ented reformi to salvege the failing economy 1/1

of the economy while The sectors goveenment contids key Allowing private enterprise tornited contoh over the other sectors in an economic system, is called dual- track systems. 2/2