China's Economy: 60 Years of Progress (Part IV)

By Wu Jinglian

Related article: China's Economy: 60 Years of Progress 
                     China's Economy: 60 Years of Progress (Part II) 
            China's Economy: 60 Years of Progress (Part III)

( Magazine) Two tracks -- state-based and market-based -- persist in the economy today, suggesting a high degree of inefficiency in public sectors, and that pricing is not entirely based on the market. Remnants of the planned economy permeate, and ways these conflict with China's market economy and private ownership system are becoming increasingly evident.