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Chinese Grain Reforms, 1998
China’s latest grain reforms are aimed at strengthening State control over the national grain system, rather than make it more market sensitive. The reforms appear to do little to solve the country’s fundamental agricultural problems, such as chronic overproduction and a terribly inefficient distribution system. Nor are the likely to solve either the fiscal or management problems that plague China’s grain bureau system, which last year lost an estimated USD1.8 billion a month. The reforms do nothing to enhance the WTO compatibility of China’s agricultural sector.
For more information on the Chinese production situation, see World Agricultural Production (September 1998)
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