Advances in Consumer Research
Issue 1 : 88-93
Original Article
An In-Depth Appraisal Of China Economic Reform Policies, And Its Association With China’s Economic Development
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1
Lincoln University College, Petaling jaya Selangor Malaysia)
Abstract

This study examined the relationship between China's economic reform efforts and the country's economic development with an emphasis on agricultural reforms as a critical component of structural change. A quantitative research technique was used to assess the consequences of changes in agricultural restructuring to decentralisation and market liberalisation on production with income generation as well and overall economic growth. Secondary data was sourced from relevant articles and databases to support the empirical study. The primary data was collected from respondents with knowledge of economic and policy developments via the administration of standardised questionnaires. A random sampling approach was utilised to ensure representativeness. A total of 734 respondents were used for statistical analysis after 800 questionnaires were sent out and returned; incomplete responses were then removed. Data were evaluated using a five-point Likert scale and analysed using descriptive and inferential statistical techniques to detect significant correlations between the study variables. The results showed a high correlation between China's economic reform programs and better economic development results. Agricultural reforms were especially important since they allowed for more farmer autonomy to produce more agricultural output and higher rural incomes, as well as the movement of excess labour to industries other than agriculture. These shifts paved the way for increased industrialisation in city planning and long-term economic prosperity. The findings indicated that the economy was able to undergo structural upgrading and poverty reduction as a consequence of state-guided, incremental market-oriented reforms. The research found that agricultural changes significantly impacted China's economic growth and were a key catalyst in the country's larger reform trajectory

 

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