1978 The Third Plenary Session of the 11th Central Committee of the Communist Party of China was held.

1979 China's first ever series of Special Economic Zones, namely Shenzhen, Zhuhai, Shantou and Xiamen, were established.

1982 The household contract responsibility system with remuneration linked to output was established.

1984 The theory of a planned commodity economy emerged.

1986 Reform in the country's state-owned enterprises was launched.

1987 "One Central Task and Two Basic Points" was set as the country's basic line.

1988 The theory of "Science and Technology are the First Productive Forces" was promoted.

1992 The goal of the reform towards a socialistic market economy system was set.

1993 A modern corporate system was established.

1993 Reforms on tax sharing system began.

1993 The goals of the financial system reforms were set.

1994 Package reforms of the foreign trade system started

1992,1994 Market-oriented reforms took place in the medical and housing sectors.

1995 The target toward a "two fundamental changes" was put forward.

1996 Substantial progress had been made in the forex management system reform.

1997 The basic guideline of the CPC in the early stage of socialism was issued at the 15th CPC National Congress.

1999 The non-state-owned enterprises were confirmed as an important part of the socialistic market economy.

1999 The strategy to develop China's western regions was implemented.

2001 China became member of the World Trade Organization (WTO).

2002 To build a moderately prosperous society was set as the country's main goal at the CPC's 16th National Congress.

2003 The strategy aimed at rejuvenating China's old industrial bases in the northeast was carried out.

2004 The "nine-terms" bill was promulgated to promote the development of the capital market.

2004 The state-owned commercial banks started shareholding system reforms.

2004 The protection of private properties was added to the constitution.

2005 Agricultural Taxes were abolished.

2005 To construct a new socialist countryside was set as a key mission for the country.

2005 The pilot reform on the share-trading business of listed companies was launched.

2006 The decision to build a harmonious socialistic society was adopted.

2007 The Property Law was enacted.

2007 The Scientific Outlook on Development was written into the constitution of the Communist Party of China.

Editor: Yan