Strategies and Lessons of China's Post‐mao Economic Development

This article examines major strategies and lessons of China's post‐Mao economic development. The article first reviews the process and achievement of China's economic development. It then analyzes major strategies emphasized in the development years, including: the contract responsibility system, the dual price system, the special economic zones, and administrative reform. The article further discusses important lessons that are associated with the Chinese development experience, which consist of a reform‐oriented development; an incremental and practical approach; a two‐way development; a government‐guided development; an uneven development strategy; a kindred development model; and a peace and stable environment. The implications of the Chinese development experience are also discussed.