Concept information
Preferred term
consumption in postsocialist China
Definition
- Between the death of Mao Zedong in 1976 and China's entry to the World Trade Organization (WTO) in 2001, the Chinese economy shifted decisively from socialist autarky to a globally connected, consumer-oriented political economy. In 1992, the government ended rationing for grains, cloth, and other basic consumer items, and in 1993, the National People's Congress passed the first Consumer Protection Law. [Source: Encyclopedia of Consumer Culture; Consumption in Postsocialist China]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/consumption_in_postsocialist_China
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