Progress - at a price
Article Abstract:
Municipal leaders in Chongquing, China, formerly of the Sichuan province, are pleased that the National People's Congress granted the city more autonomy in March 1997, but they face many social problems within a context of growing economic opportunity. Chongquing has greater control over its finances and can provide economic incentives to foreign investors. However, redrawing the geographic boundaries for the new municipality has increased its population from six to 30 million. Most Chongquing's citizens are poor peasants who live in rural areas on the eastern side of the city. Chongquing's political status is equal to such municipalities as Shanghai.
Publication Name: China Economic Review
Subject: Business, international
ISSN: 1350-6390
Year: 1998
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Bumper grain headache
Article Abstract:
The Chinese grain subsidy policy in the late 1990s creates a system that is both agriculturally and economically inefficient. International experts believe a country's need a two-month supply of grain in reserve, but China maintains a six-month supply. Much of the grain is wasted. The economic cost in maintaining the oversupply has helped create budget deficits. Reports of corruption in the financial management of grain subsidies have also been reported in the Chinese press.
Publication Name: China Economic Review
Subject: Business, international
ISSN: 1350-6390
Year: 1998
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