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Unformatted text preview: • Industrial profits and taxes became the primary sources of local prosperity • local officials misuse state procurement funds to invest in more profitable sectors, usually TVEs. • Officials owed a great amount of money to the peasants for “contracted purchases of grain.” – Illegal Taxation • Local officials also levied a variety of local taxes and fees on the countryside to support rapid township development....
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- Fall '10
- Industrial Revolution, Rural area, Rural economics, Village Enterprises