CPE+F09+Class+8+Rural+Econ

CPE+F09+Class+8+Rural+Econ - Class 8 The Rural Economy...

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Class 8: The Rural Economy
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Outline of Comments on the Rural Economy Main Trends, 1978 – mid-1990s Main Trends, mid-1990s – 2003 Local responses to recent challenges Recent Central government responses
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Trends, 1980s - mid-1990s Individual plots, “household responsibility system” Sell above the plan on the open market, diversify away from grain Green revolution: water (irrigation), chemicals (fertilizer, pesticides), seeds (high yield). Combined together and yields way up. Incomes way up
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1980s Incomes Average Annual Wages (RMB) 199 1985 1978 550 1148 615 Average 516 1112 597 Manufacturing 352 878 470 Agriculture
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Trends: Mid-1990s to Early-2000s Income decline relative to urbanites, industry. Price scissors. Tax reform. 1990s changes brought more money to Beijing. Township and village govts start charging more fees to villagers, high % of their income. Inadequate property rights, less investment in
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  • Fall '09
  • ScottKennedy
  • Economy of the People's Republic of China, People's Republic of China, Deng Xiaoping, average annual wages

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CPE+F09+Class+8+Rural+Econ - Class 8 The Rural Economy...

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