Past Tense Transformation: Government Actions in Economic and Social Fields

On the one hand, the government adopted a series of measures to reduce state intervention, such as implementing a monetarist economic policy with the main goal of reducing inflation, vigorously promoting the privatization of state-owned enterprises. It changed the past direct government intervention into long-distance regulation. On the other hand, in the social field, the emphasis was on strengthening the authority of the state, and it carried out large-scale trade union reforms and local government reforms.