1. Economic Development in China
The six steps are as follows: (1) raising the purchasing price of grain and other farm products by twenty percent for planned purchase and another twenty percent for the crops produced in excess of the amounts required (see table 3); (2) reducing the producer prices and sales prices of major agricultural used industrial products by ten to fifteen percent between 1979 and 1980; 93) reducing and exempting rural taxes -- this represented a 500 million Yuan reduction in rural industrial and commercial consolidated duties and somewhere between 500 million and 600 million in agricultural taxes; (4)...
- Word Count: 2348
- Approx Pages: 9
- Grade Level: Undergraduate