The Effects and Problems of Government Price Policies on Agricultural Products after 1978

Chen Xiangliang and Liu Lan

Chinese Economy, 1991, vol. 24, issue 3, 35-51

Abstract: After thirty years of following a system of state monopoly for purchasing and marketing agricultural products, China began to readjust its agricultural policy in 1978 by raising the prices of many products and encouraging free markets. How did this affect the national economy? What results did it bring to the farmers? Did it succeed or fail? What problems did it cause? What is the future of the government price policy on agricultural products?

Date: 1991
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