Current Economic Conditions and Reform of the Price System

Wu Junyang

Chinese Economy, 1985, vol. 18, issue 3, 55-76

Abstract: At present everyone is very concerned about the problem of the price of goods. In particular, the comrades engaged in economic work are paying special attention to the question of how we may reform and perfect our socialist price system. This is because, on the one hand, reform of the price system is related to the overall situation of the national economy, and the success of this reform is bound to promote greatly the development of our socialist economy and enhance our economic results. On the other hand, reform of the price system requires an economy that is developing steadily, continuously, and proportionately; without such a premise and condition, it would be very difficult to reform the price system, and smooth progress in reforming the economic system as a whole would also be greatly affected. Therefore, we must ask, what are the economic conditions in our country at the present time? And are the conditions necessary for reforming the price system available?

Date: 1985
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