Development trends of Chinese economy

The article describes the whole long period of reform of the economic system of the People's Republic of China, which has led to the emergence of the «Chinese model» of the economy. The periods of the planned economy and market economy in China were highlighted and analyzed by stages. The analysis of the periods and stages of China development makes it possible to state that the «Chinese model» of economy is unique and is a model of flexibility in governance, which combines centralized management and market mechanism.