Agricultural price reforms in China: Experience from the past three decades

This paper documents China’s experience of transforming its food production and commerce from a centrally planned regime to a market system. The reforms have progressed in three steps: (a) raising agricultural procurement prices, (b) introducing market mechanisms to replace state controls, and (c) m...

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Bibliographic Details
Published in:Agroalimentaria Caracas 2008-12, Vol.14 (27), p.13-23
Main Authors: Dennis Tao, Yang, Yuanfang, Li
Format: Article
Language:English
Subjects:
AGRICULTURAL ECONOMICS & POLICY
AGRICULTURE, MULTIDISCIPLINARY
China
mercado
precios agrícolas
reformas
seguridad alimentaria
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Summary:This paper documents China’s experience of transforming its food production and commerce from a centrally planned regime to a market system. The reforms have progressed in three steps: (a) raising agricultural procurement prices, (b) introducing market mechanisms to replace state controls, and (c) moving towards complete market operations. This series of reforms boosted agricultural production, raised per capita consumption of food products, and strengthened national food security. Agricultural price reforms in China in the past three decades suggest that right policies and institutions are essential in solving its food problems.
ISSN:1316-0354