Market Control and Planning in Communist ChinaIn the first study in depth of this subject by an economist, the author focuses on a major problem--common to all planned economies--that has confronted the Chinese Communists: whether to centralize all controls in the hands of the planners, or to allow factory and farm managers some degree of autonomy regulated only by the indirect pressures of the market. Because the finding of a satisfactory solution has been of highest importance to Peking, this study of the issue throws light on the shifts and turns of Chinese economic policy in general and on the underlying nature and significance of the broad trends in China's economy and society since 1949. |
Contents
INTRODUCTION | 1 |
HISTORICAL PROLOGUE | 9 |
THE MARKET VERSUS CENTRALIZED CON | 21 |
THE MARKET VERSUS CENTRALIZED CON | 56 |
THE THEORETICAL ROLE OF WHOLESALE | 99 |
IDEOLOGY AND INEXPERIENCE IN THE CON | 117 |
WAGE DETERMINATION | 136 |
PRICE STABILITY ON THE CONSUMERS GOODS | 154 |
RETAIL PRICE POLICY AND RATIONING | 177 |
CONCLUSION | 198 |
APPENDIX A RELIABILITY OF CHINESE STA | 215 |
APPENDIX B OFFICIAL PRICE INDEXES | 226 |
SOURCES AND RELIABILITY | 247 |
APPENDIX E PURCHASINGPOWER DATA | 254 |
Chart | 273 |
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Common terms and phrases
agricultural production agricultural tax allocation April April 25 average basic budget cadres capital catties CCYC cent central planning centralized controls changes CHCC Chinese Communists commerce commodities Communist China Communist Party consumers cooperatives data office decentralization direct discussion effect enterprises Ezra Vogel factory farm figures five anti FKHP free market funds grain HHPYK HHYP Hong Kong ideological important incentives income industrial products inflationary pressures investment Jen-min jih-pao JMJP labor Mainland China million yuan National People's Congress NCNA official price organization output peasants Peking TKP People's Commune percentage increases political price indexes problem profits purchase prices purchasing power raising rationing regime Regulations Report result retail prices revenue role rural areas SCMP sector September September 25 Shanghai Price Book sources Soviet Union statistics subsidiary production Supply Table targets TCKT TCYC Tientsin tion translated in CB translated in ECMM Tsingtao urban wage bill WKKT workers