Solution to Dual Pricing of Means of Production

Lu Nan

Chinese Economy, 1992, vol. 25, issue 4, 35-47

Abstract: Dual pricing (>i>shuangguizhi>/i>â"dual-track pricing") of means of production has existed in China for a long time, but as an official system it has been implemented only for the past five years. During these five years, its scope has rapidly expanded. Prices of almost all means of production and services are now on "dual tracks." The reasons for the rise of this system and possible solutions to it have become central topics of discussion in theoretical and applied economic circles. I would like to present my views.

Date: 1992
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