Word: contractive
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Deng's reforms abolished the communes and replaced them with a contract system. Though the state continues to own all land, it leases plots, mostly to individual families. Rent is paid by delivery of a set quantity of rice, wheat or whatever to the state at a fixed price. But once that obligation is met, families can grow anything else they wish and sell it in free markets for whatever price they can get (though the state does set limits on how much some prices can fluctuate...
...Deng and his lieutenants think the time has come to take a much longer step toward a full-fledged market system. Under a plan that went into effect in late 1984, state industry is also run under a contract system. Central planners still set broad production goals, but they directly assign only a portion of raw materials and distribute at fixed prices only a set quota of a factory's output. Managers otherwise are allowed and even required to line up their own suppliers, decide for themselves what to make beyond the goods that must be sold to the state...
...incentive techniques that are at the core of his second revolution. In 1943 he launched a campaign called the "great production movement," aimed at boosting local harvests. It included a system of "rewarding the hardworking and punishing the lazy" by paying bonuses to model producers. Another feature was "contract work," committing users of public fields and rice paddies to turn over an agreed-upon production quota to the authorities and allowing those farmers to keep anything that exceeded it. According to a recent article in the Chinese journal Modern History Studies, Deng himself joined an army team in tending...
Much of the credit for Sichuan's transformation belongs to Premier Zhao Ziyang, a Deng protégé who served as the party's provincial secretary from 1975 to 1980. Zhao helped introduce the contract-responsibility system, the bedrock of rural reforms, in 1977. Families and individuals were assigned plots in return for promising to meet harvest quotas. Surplus crops could be sold to the state at higher prices. Eventually, peasants were also allowed to sell the extra grain at market. The experiment worked so well that it was adopted as a national policy in late...
...Also doing their schtik are Milton Berle, Bill Cosby, Frank Sinatra, Bob Hope, Walter Matthau and Billy Crystal. Burns will sing a song or two, puff his omnipresent cigar, and maybe even dance. But do not expect him to wax nostalgic. He has just signed a five-year contract with Caesars Palace and has booked the London Palladium for Jan. 20. 1996, his 100th birthday. "I've lived a very exciting life," cracks Burns. "I expect the second half to be just as exciting...