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Price and Subsidy Policy for Grain in China: Performance, Problems, and Prospects for Reform

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  • Bingsheng, Ke

Abstract

Based on a case study, this paper analyses China's current price and subsidy policy for grain and discusses some questions relating to the reorientation of this policy. First, the pricing system for the grain market, especially that for the state-run grain marketing agencies, is illustrated. Ways of subsidizing grain and the scale of the subsidy are then analysed. After discussion of the three major problems inherent in the system and a brief look at recent reform efforts, some points to be considered in terms of further reform are examined, including the need to modify the way of deciding priorities among conflicting policy objectives as well as the relationship between the state-set price and the open-market price. Finally, a proposal is made for gradual abolition of the subsidy and an operational cost-efficient approach is suggested.

Suggested Citation

  • Bingsheng, Ke, 1992. "Price and Subsidy Policy for Grain in China: Performance, Problems, and Prospects for Reform," 1992 Occasional Paper Series No. 6 197869, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo6:197869
    DOI: 10.22004/ag.econ.197869
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    File URL: https://ageconsearch.umn.edu/record/197869/files/agecon-occpapers-1992-020_1_.pdf
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    Cited by:

    1. Bingsheng, Ke, 1997. "Policy and Institutional Change for Agriculture in China: Production, Consumption and Trade Implications," 1997 Conference, August 10-16, 1997, Sacramento, California 197044, International Association of Agricultural Economists.
    2. Wang, Qingbin, 1994. "Modeling China's household food demand in the transition toward a market economy," ISU General Staff Papers 1994010108000011518, Iowa State University, Department of Economics.

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