HIST 2211 Lecture Notes - Lecture 15: Rice Bowl, Ruhollah Khomeini, Akbar Hashemi Rafsanjani
4 Apr 2016
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1978: deng xiaoping inherited the mess that mao left behind. 1985-1987: controlling inlation while also allowing for growth: deng wanted higher growth rates while chen yun didn"t want to shock the population with inlation. 1989: chen yun stepped in and got inlation under control. 1989-1990: period of slow investment: beijing tried to pull back the reins on the decentralization efort. 1991: collapse of soviet union worked in deng"s favor because reformers in. China could say that the conservatives in the soviet union waited too long to push reform: deng said that survival was about pushing forward and not playing safe. Chinese government revenue and budget became an issue: government began to igure out a new tax system in 93/94. A good number of these state owned enterprises could not make the transition and borrowed money to cover their costs: some of the factories were still employing way too many people from the iron rice bowl.
