Grasping The Large, Letting Go Of The Small
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Grasping The Large, Letting Go Of The Small
The "grasping the large and letting the small go" policy ( zh, c=抓大放小, p=Zhuā dà fàng xiǎo) was part of a wave of industrial reforms implemented by the government of the People's Republic of China in 1996. These reforms included efforts to corporatize state-owned enterprises (SOEs) and to downsize the state sector. Concept The slogan and strategy were popularized by CCP general secretary Jiang Zemin and Chinese premier Zhu Rongji in 1997. The "grasping the large and letting the small go" policy was adopted in September 1997 at the 15th Communist Party Congress. The "grasping the large" component indicated that policy-makers should focus on maintaining state control over the largest state-owned enterprises (which tended to be controlled by the central government). Through "grasping the large", the state focused on developing a core group of large SOEs in strategically important fields deemed as part of the commanding heights of the economy. "Letting the small go" m ...
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Reform
Reform refers to the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc. The modern usage of the word emerged in the late 18th century and is believed to have originated from Christopher Wyvill's Association movement, which identified "Parliamentary Reform" as its primary aim. Reform is generally regarded as antithetical to revolution. Developing countries may implement a range of reforms to improve living standards, often with support from international financial institutions and aid agencies. This can involve reforms to macroeconomic policy, the civil service, and public financial management. In politics, there is debate over what constitutes reform vs. revolution, and whether all changes labeled "reform" actually represent progress. For example, in the United States, proponents of term limits or rotation in office consider it a revolutionary method (advocated as early as the Articles of Confederation) for rooting out government corruption by altering ...
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