Chinese Economic Reform, Institutional Change Cost Study

In the late 1970s, China basically achieved planned economy to the market economy system, established the transformation of socialist market economic system which began in rural economic system reform. But as the process of institutional change unceasingly thoroughly, problems such as the loss of state-owned assets and the unfair interests appeared by the marketization process reform appeared. So, whether continuing to reform and how to continue to reform became a fierce discussion after 30 years of reform.This paper reviews the 30 years of reform and opening up of institutional change path, analysis three stages of the reform process, studies the system characteristics of the deep reason referencing the policy system and then formulate various stages, Domestic and foreign institutional economists generally think that the occurrence of institutional change is the process of destroied the original system for establishing new rules. this paper proposed in terms of institutional change happen is the main reason of the institutional environment of the change of the new institutional demand production, which supplies of system lags behind cause system change system and main change in choosing system arrangement to compare the benefits when the size and to change the old system of establishing new system into what happened periodsNorth's "path dependence" points out that in the process of institutional change the path has chosen from the characteristics of constantly strengthened will make institutional change appears benign circulation and locking state two kinds of circumstances, this article through the theory research and combining the reform of China's reality after some of the new stage locked on a stage were analyzed, the way of commercialization make institutional change subject benefited a lot and will market cognitive throughout all aspects of the society, education, appear cognitive lock medical and other undertakings happened deviation from the reform targets. Using theory combining practice method proposed the reform goal again understanding.