Professional Documents
Culture Documents
Late 1980s
Rise in state procurement prices Provisions for increasing
foreign trade
1992
FDI hit $11.2 billion
Phase 2: Rural Industrialization
and Enterprise Reform
Exports (% of
Year GDP (Billions of US$) Per Capita (US $)
GDP)
• SOEs prior to 1978 1978 149.54 156.40 4.56
• Introduction of Contract Responsibility 1980 191.15 194.80 5.91
Transformati
on of SOEs
System 1982 205.09 203.33 11.02
1984 259.95 250.71 9.53
1986 300.76 281.93 8.71
• Private enterprises were allowed after 1978 1988 312.35 283.54 14.38
• Increased manufacturing (30%) and exports 1990 360.86 317.88 13.61
Introduction (65%)
of TVE’s Changing Role of the State