Abstract

There is little doubt that China's reform can be seen as a special case in the history of humanity, of modernization, and even in the relatively short history of economic transition. In terms of market-oriented choice, reform in China is not different from that in most countries in the world. With respect to the transition from a command to a market-based economy, comparable countries could be narrowed down to most of the former communist states that bear similarity. When taking into consideration the circumstances in which the ongoing corporatization and/or privatization take place under the conditions of a regime that is nondemocratic in both polity and, to a large extent, resource allocation, however, the matching number of countries would be further reduced to a few, such as Vietnam and some autocratic small nations. Again, among these few, China's reform has its own specific features.