Yes, China’s rapid industrial growth can be traced back to its reforms in 1978. this is because reforms in agriculture and establishment of infrastructure in the areas of education and health, land reforms, etc. had been taking place with the introduction of reforms.
In the initial phase, reforms were initiated in agriculture, foreign trade, and investment sectors. In the later phase, reforms were initiated in the industrial sector. Private sector firms and township and village enterprises were allowed to produce goods.
The reform process also involves dual pricing: It was found that establishment of infrastructure in the areas of education and health, land reforms, long existence of decentralized planning and existence of small enterprises had helped positively in improving the social and income indicators in the post-reform period. In short, it can be concluded that China’s rapid industrial growth can be traced back to its reforms in 1978.
