CONFIDENTIAL ##
1
CRC INF 10/87
(CEC 5/87)
Price reforms in China and their implications for the Chinese economy
Introduction
Contents
China's price system prior to the reforms and the causes of price irrationality
Background leading to the price reforms
Price reforms up to 1984
Price reforms in 1984 and thereafter
Difficulties encountered in the process
of price reforms and their recent slowdown
Implications of China's price reforms
for its economy
Paragraph
1
2 - 9
10
11
12
16
17
-
19
20
22
(i)
Economic growth
23
24
(ii)
China's inflation problem
25
32
(iii)
Income redistribution caused by inflation
33
-
- 39
Prospects for the further implementation
of price reforms in China
Summary and conclusion
Tables
G.F. 326
CONFIDENTIAL #
40 - 43
44
-
47