The Political Economy

نویسنده

  • Funing Zhong
چکیده

The grain procurement and marketing system was established in China in the early 1950s. The primary policy objective was to ensure equal and relatively efficient distribution of limited grain among consumers and industrial users, and to ensure the growth of grain production at the planned rate. At the same time, it was assigned another important task: to divert agricultural surplus into investment in the urbanindustry sector, in order to pursue the “heavy industry first” development strategy. The grain procurement and marketing system was empowered with monopolistic procurement of grain at the farm-gate and rationing in the urban areas. While procurement quota was used to ensure the delivery and its growth, the price scheme was used to transform agricultural surplus into industrial profits and government revenues, and hence new investment in the industrial sector.

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تاریخ انتشار 2002