|
|
Article: Reforms Turning China's State Farms Into Money-Makers
- Article from:
- Xinhua News Agency
- Article date:
- December 18, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
In the early years of the People's Republic, the Chinese
government sent millions of young people, high school grads,
ex-servicemen, and others to set up state farms in border areas.
Most assisted border troops, and were in fact semi-military
rather
than separate farming outfits, and they were part of a succession of
money-losing years from 1967 to 1978, amassing 3.7 billion yuan in
losses overall.
In 1978, when China began its reforms and opening-up, governments
at different levels and state farms themselves began series of
reform
measures, setting up family farms with former state farm staff
members, adopting new management methods like leasing and issuing
stocks, and using the now ...