1. Economic Development in China
... were aimed at reducing agriculture's contributions to the state. 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) ... (5) importing grain, cotton and edible oil so as to alleviate the pressure on domestic supply; and (6) increasing financial subsidies for the sale of farm produce (DesForges, 101). These initial policy readjustments led to the immediate reform of the agricultural economic structure. Th...
- Word Count: 2348
- Approx Pages: 9
- Grade Level: Undergraduate