Determination of Prices ( 06-08-23 )

The prices of most commodities were fixed by government agencies and changed infrequently until the late 1970s and early 1980s. Because prices did not change with the alteration of production costs or demand, they often failed to reflect the true values of goods, causing many kinds of goods to be misallocated and producing a irrational price system. The best way to generate the accurate prices required for economic efficiency is through the process of supply and demand, and government policy in ...

Inflation ( 06-08-23 )

One of the most striking manifestations of economic instability in China in the 1930s and 1940s was runaway inflation. Inflation peaked during the Chinese civil war of the late 1940s, when wholesale prices in Shanghai increased 7.5 million times in the space of 3 years. In the early 1950s, stopping inflation was a major government objective, accomplished through currency reform, unification and nationalization of the banks, and tight control over prices and the money supply. These measures were ...

Problems in Price Policy ( 06-08-23 )

The grain market was a typical example of a situation in which the government was confronted with major problems whether it allowed the irrational price structure to persist or carried out price reform. State commercial agencies paid farmers a higher price for grain than the state received from the urban residents to whom they sold it. In 1985 state commercial agencies paid farmers an average price of -￥416.4 per ton of grain and then sold it in the cities at an average price of -￥383.3 a ton, ...

The Role of Prices ( 06-08-23 )

Due to the economic reform program and the increased importance of market exchange and profitability, in the 1980s prices played a central role in determining the production and distribution of goods in most sectors of the economy. Previously, in the strict centrally planned system, enterprises had been assigned output quotas and inputs in physical terms. Now, under the reform program, the incentive to show a positive profit caused even state-owned enterprises to choose inputs and products on ...

New Method Adopted to Compile Figures ( 06-08-22 )

China adopted an internationally accepted method to calculate its industrial and agricultural growth in 2004. This move was a major reform of the country's compilation of key economic figures. The new method is based on price indices and widely practiced in Western countries. The bureau has already adopted this method on a trial basis to calculate industrial and agricultural figures in ...

New Statistics Bureau ( 06-08-22 )

White Paper on Statistics Published ( 06-08-22 )

Action to Curb False Statistics ( 06-08-22 )

The Three Gorges Water Control Project I ( 06-08-10 )

The Three Gorges Water Control Project II ( 06-08-10 )

The Three Gorges Water Control Project III ( 06-08-10 )

The Three Gorges Water Control Project IV ( 06-08-10 )

The Three Gorges Water Control Project V ( 06-08-10 )

Xiaolangdi Multipurpose Dam Project I ( 06-08-10 )

Xiaolangdi Multipurpose Dam Project II ( 06-08-10 )

Xiaolangdi Multipurpose Dam Project III ( 06-08-10 )

20 Major Forestry Projects ( 06-08-10 )

Chongqing-Huaihua Railway ( 06-08-10 )

Project Launched in North China to Increase Forest Coverage ( 06-08-10 )

The Green Food Project ( 06-08-10 )