Abstract
Exactly 30 years ago, China's leaders held the Third Plenary session of the 11th Central Committee and started the Opening-up Reform of China's economy. 30 years have passed since this date, letting time for China to do tremendous changes in its economy and to become an economic model for a lot of countries which want to follow the same path of growth and development. Why did the leaders of the People's Republic of China decide to launch such a reform in 1978? The answer to this question is obvious: the planned economy established in 1949 by the Communist party began since the beginning to develop the basic problems due to such a system, shortage of consumer goods, waste of resources, technology stillness, inefficiency, poverty. After the failure of Mao's economic policies (The Great Leap Forward, the Cultural Revolution), the principal focus of policymakers in 1978 was pragmatism; for the first time since 1949, a distinction was made between economy and politics, economic needs and ideology. What can China learn from such an experience? Have the reforms been carried out in a satisfactory way? What are the main achievements of the reform, and its failures? Is the Chinese economy reform completed, or is there still a long way to go for China to catch up with the others?
