Analysis:

What is shock therapy?

"Shock therapy" was originally a treatment method used clinically in medicine. Later, this medical term was used to describe the "sequela" of the economic crisis-inflation. The basic intention of this economic prescription lies in: adopting strict fiscal and monetary policies, supplemented by means of reducing consumption, forcibly bridging the gap between total supply and total demand, and achieving the purpose of curbing inflation in a short time. Due to the strong impact of the above economic measures, the social economy will be greatly impacted, even in a "shock state", so there is a medical metaphor of "shock therapy"

Gradual Reform in China and "Shock Therapy" in Soviet Union and Eastern Europe

China's social transformation process is obviously different from that of the Soviet Union and East China, which actually means two completely different transformation processes. In the eastern part of the Soviet Union, the drastic social and political changes in the late 1980s almost completely broke the continuity of political systems and ideologies in these countries. Since then, in these countries, although there are various differences in the basic direction of society, large-scale privatization and transition to market economy are completely free from political and ideological constraints.

China's reform process is generally called "gradual reform". On the level of its substantive content, it emphasizes self-improvement on the basis of adhering to the basic socialist system and principles. One of the most basic characteristics of gradual reform is the reform under the premise that the basic social system framework (especially the political system) and the dominant ideology will not change.

Source: China News Network