Jun 24

Prices in the Mao era – a peasant’s view

Written by: Buxi | Filed under:Analysis | Tags:, , ,
15 Comments » newest 2008-06-27 15:54:49

The vast majority of Chinese favor and support the “opening up and reform” period started in 1978. But many are also very nostalgic for the Mao era, a time when equality was guaranteed, a time when socialism in China was far more than just a hypothetical. One simple example is translated below.

This article has been spread around numerous Chinese forums, actual origin not clear. (原贴)

I was born in 1954, in a village in Shandong province. I have a sister, and our parents are also peasant farmers. I want to start by talking about the prices of agricultural goods, starting with wheat as an example. From 1970 – 1980, the market price for wheat was: 0.35 RMB/shijin (ed: 0.5 kg), later growing to 0.35 RMB/shijing. The cost of things didn’t really change, it was very stable during this period. So the problem I want to discuss is, when a farmer sells a half kilogram of wheat on the market, what can he do with that money?
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