TNAG-1623-FCO40-2237-Relations-between-Hong-Kong-and-China-1987 — Page 161

G.F. 326

CONFIDENTIAL E

Table 8 'Double-track' Price System of Industrial Products,

Guangzhou, 31 January 1986

Unit Rmb/ton

Extra-plan

Planned

Item

Model/Specification prices (A)

market prices (B)

B/A

Steel rod

6.5 m.m.

752*

1,750

2.33

effervescent steel

Round bar steel

10-12 m.m.

762*

1,650

2.17

Thread rolled steel

15 m.m.

804*

1,650

2.05

Cold rolled

0.7-0.9 m.m.

1,183*

1,850

1.56

steel sheet

killed steel

Hot rolled

1.0-1.5 m.m.

880*

1,750

1.99

steel sheet

Copper

no.

1

6,093

6,800

1.12

Aluminium

no.

1

2,890

6,000

2.08

ignot

Zinc

no.

1

2,089

3,900

1.87

Coal

no.

1

73.80

121.80

1.65

Pure alkali

Grade 1 of Industrial

494.50

690.00

1.40

countries

Cement

Ordinary no. 425

135*

145

1.07

Heavy Duty truck

Dongfeng brand

26,500

46,000

1.74

5-ton model

Source :

refers to supply prices based on local ex-factory prices, which are about 20% more than the central ex-factory prices.

Jingji Cankao, 17 February 1986, p. 4 quoted in T.M.H. Chan (1986), 'China's Price Reform in the 1980s'.

CONFIDENTIAL #

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