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Price Reform and Development of the Market Economy in China

Author Koh(J.S) Date 1996.04.01 Page 0
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< Abstract >

A Study of the Reform of the Price System and marketization in China

Jeong-sik Ko Chinese economic reform began in 1978 with the adoption of a market economy. The successful achievement of adopting a market economy depends on the level of substitution of planning price for market price.
The purpose of this study is to analyze the transition process from planning price to market price, and to evaluate the achievement of economic reform(Marketization) in China in terms of the reform of the price system.
This study is composed of 7 chapters. Chapter Ⅰ deals with the purpose and the methods of this study. Chapter Ⅱ explains the subjects and means of marketization in china. Chapter Ⅲ and Ⅳ analyze the process of reform of the price system, especially in regard to agricultural and industrial commodities. It will also include the investigations of the industrial price structure and the evaluations of the achievement of the reform of the price system in chapter Ⅴ. Chapter Ⅵ analyze examples of development of market such as producer goods and consumer goods in china. Chapter Ⅵ suggest the strategy of entering, marketing and pricing of joint venture in china consumer market.
Implications that can be shown are as follows: The reform of the price system in agricultural commodities is analyzed as the process of the maximization of the adoption of free market prices under such constraints as an insufficient wholesale market, backward transportation system, and so on, in China.