ABSTRACT
The reforms in China's economic management system carried out since the Third Plenary Session of the Party's Eleventh Central Committee in the winter of 1978 have been correct in direction, steady in pace, and substantial in results. The economic management system is in fact a concrete expression of the socialist public ownership system. To preserve the organic and proportional relationships in the national economy, it is necessary that departments and regions do not interfere with the economic activities of enterprises for their own benefits. In short, in order to exploit the regulating functions of the market and facilitate development of China's socialist economy, it is necessary to adopt certain economic institutions developed by capitalist countries for large-scale social production. Guangzhou was the economic center of south China. The establishment of economic centers and trans-provincial companies can perhaps break open obstacles erected by administrative boundaries.
