{"id":6638,"date":"2023-03-30T12:22:38","date_gmt":"2023-03-30T16:22:38","guid":{"rendered":"https:\/\/www.chinacenter.net\/?post_type=book&p=6638"},"modified":"2023-03-30T12:22:38","modified_gmt":"2023-03-30T16:22:38","slug":"from-mao-to-market","status":"publish","type":"book","link":"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/","title":{"rendered":"From Mao to Market"},"content":{"rendered":"

Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. Reformers opted for a hybrid system of price controls in the 1980s, wherein commodities had both fixed and floating prices. Depressed fixed prices led to “resource wars,” as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, they had actually cleared the way for sweeping reforms.<\/p>\n","protected":false},"featured_media":6639,"template":"","acf":[],"yoast_head":"\nFrom Mao to Market | China Research Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Mao to Market | China Research Center\" \/>\n<meta property=\"og:description\" content=\"Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. Reformers opted for a hybrid system of price...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/\" \/>\n<meta property=\"og:site_name\" content=\"China Research Center\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/chinaresearchcenter\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/03\/mao2market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"333\" \/>\n\t<meta property=\"og:image:height\" content=\"499\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@_chinacenter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Cameron\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/\",\"url\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/\",\"name\":\"From Mao to Market | China Research Center\",\"isPartOf\":{\"@id\":\"https:\/\/www.chinacenter.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/03\/mao2market.jpg\",\"datePublished\":\"2023-03-30T16:22:38+00:00\",\"dateModified\":\"2023-03-30T16:22:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/#primaryimage\",\"url\":\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/03\/mao2market.jpg\",\"contentUrl\":\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/03\/mao2market.jpg\",\"width\":333,\"height\":499,\"caption\":\"Mao2market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.chinacenter.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"From Mao to Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.chinacenter.net\/#website\",\"url\":\"https:\/\/www.chinacenter.net\/\",\"name\":\"China Research Center\",\"description\":\"A Center for Collaborative Research and Education on Greater China\",\"publisher\":{\"@id\":\"https:\/\/www.chinacenter.net\/#organization\"},\"alternateName\":\"China Research Center\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.chinacenter.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.chinacenter.net\/#organization\",\"name\":\"China Research Center\",\"alternateName\":\"China Research Center and the China Currents Journal\",\"url\":\"https:\/\/www.chinacenter.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.chinacenter.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/04\/china-research-center-logo.png\",\"contentUrl\":\"https:\/\/www.chinacenter.net\/wp-content\/uploads\/2023\/04\/china-research-center-logo.png\",\"width\":2000,\"height\":252,\"caption\":\"China Research Center\"},\"image\":{\"@id\":\"https:\/\/www.chinacenter.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/chinaresearchcenter\",\"https:\/\/x.com\/_chinacenter\",\"https:\/\/www.linkedin.com\/company\/china-research-center\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"From Mao to Market | China Research Center","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.chinacenter.net\/book\/from-mao-to-market\/","og_locale":"en_US","og_type":"article","og_title":"From Mao to Market | China Research Center","og_description":"Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. 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