In retrospect, 1991–1992 may well prove to be a pivotal period in the evolution of the People's Republic of China. The reform era ushered in by the Chinese Communist Party (CCP) at the Third Plenum of its 11th Central Committee in December 1978 had dramatically restructured the economy and the state, but in the aftermath of the events of June 1989, it appeared to falter. Partly through reactions from outside China, and partly because of resistance within (including elements within the leadership of the Party), the programme of ‘reform and openness’ seemed challenged and about to topple.