ABSTRACT

The reforms in our economic management system carried out since the Third Plenary Session of the Party's Eleventh Central Committee in the winter of 1978 have been, I think, correct in direction, steady in pace, and substantial in results. There have been confusion and difficulties. But these are inevitable in the process of reform. In general, destruction has not been sufficient and progress is still far short of the goal. In the past year or so, we managed to make only a dent in the old system. We must advance from our victory. Since we have still not completed our task in adjusting the national economy, we can only steady our pace and introduce small reforms in preparation for big reforms this and next year.