Complex sentence: In 1979 the magazine was renamed as "Gushi Hui" dropping the word revolutionary and during the 1990s it played a significant role in transition of China from the Maoist politics to the liberal economy.
Split into simpler sentences: In 1979 the magazine was renamed as "Gushi Hui" dropping the word revolutionary. On the other hand, during the 1990s it played a significant role in transition of China from the Maoist politics to the liberal economy.