Price Reform for Thirty Years (1977-2006)

Author: Cheng Zhiping
Publisher:
Publish Date: 2006-09-01
Features: Price issues are crucial to the national economy and people's livelihood, connecting social stability, influencing the distribution of national income and market supply-demand trends, regulating the economic activities of households and businesses, and playing an increasingly fundamental role in the allocation of social resources. During both the socialist revolution and construction era and the reform and opening-up period of modern socialist construction, they have been highly valued by the Party and government and included on the important agenda. Shortly after Comrade Deng Xiaoping's return to power in 1977, he made significant guidelines on the principles and trends of industrial and agricultural product price reform. Over the past three decades, under the correct leadership of the Party and government, China has carried out planned, gradual, and comprehensive price reforms that take into account the interests and affordability of all parties, achieving remarkable and internationally acclaimed success.