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In China, the government followed dual-track pricing, known as "shuangguizhi" in Chinese. State-controlled (planned) prices, which were lower, accompanied the market prices, which were higher. This was done to ensure stability and gradual opening of markets (instead of a "big bang" strategy of sudden transformation to capitalism that was followed in Eastern Europe and Russia). However, to provide incentive to the State-owned Enterprises, government allowed selling of the products at market prices after the planned targets had been met.
- 1981: Dual-track Price System -- China.org.cn.
- Barry Naughton, "The Chinese Economy" (MIT Press, 2007)
- ["1981: Dual-track Price System -- China.org.cn." China.org.cn - China News, Weather, Business, Travel & Language Courses. Web. 24 Feb. 2011. <http://www.china.org.cn/features/60years/2009-09/16/content_18534471.htm>.]