This paper will study the nature and behavior of prices in Communist China from the price data available in various government publications. It will seek to answer such pertinent questions as how prices have changed under the Communist regime, and what possible economic implications underlie such changes. Section i examines the nature of Chinese price and price indices; Section 2 examines absolute changes in prices; Section 3 studies the relative changes of agricultural and non-agricultural prices, of producer and consumer prices, of wages, profits, and prices. The final section compares Shanghai prices and those of Tientsin.

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