ABSTRACT
The Chinese leadership's policy of economic retrenchment, initiated in the summer of 1988 and intensified after the Tiananmen Incident a year later, has dealt serious blows to Chinese reformers who had advocated market-oriented economic reforms. The conservative regime has reinstituted some central controls, undermined some of the promising reforms of the 1978-1988 period, and put strict limits on the kinds of reforms that Chinese economists can openly debate.
