Yu Xiaohua: Promoting Agricultural Development through the Market: Experiences and Lessons from 40 Years of Reform and Opening Up

Release time:2018-10-23Author: Yu Xiaohua

In the past 40 years of reform and opening up, China has realized tremendous economic development achievements, which is the result of the transition from a planned economy to a market economy, as well as the result of respecting market. Since agriculture is related to the national economy and people's livelihood, China is always more cautious in the marketization of agricultural products, and constantly intervenes in the market of agricultural products. China’s policy of distorting the market is always unsuccessful before understanding the market rules, thus China has embarked on the reform road of respecting the market after paying huge economic costs. "Respect for the market" will inevitably become the policy prerequisite for "rural revitalization".