Abstract: The economic adjustment from 1979 to 1984 is the beginning of marketization in contemporary China and the beginning of the transformation of development mode, and it is the foundation laying stage of the rapid development in the 30 years since the reform and opening up. This adjustment has promoted the balance between people's livelihood and the economy, the coordination between various industrial sectors of the macro economy, and the continuous optimization of the economic structure. The results of this study show that this economic adjustment is China's effective experience in responding to economic fluctuations, preventing and deflating risks, ensuring economic security and high-quality development, and is a concentrated expression of the transformation of institutional advantages into economic governance efficiency. Adhering to the supply-side structural reform should be regarded as the main line, and it is required that an integrated design of adjustment and reform should be fulfilled from the system and policies, so as to make the reform open the way and point the direction for the development and make the adjustment escort and guard the development.

Key words: economic adjustment, reform, orientation of people's livelihood, development mode, solution of risks