EVENT INFORMATION

1
April
1991

Foreign trade contracting gives firms more export responsibility

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📅 1 April 1991 📍 China

The trade responsibility system expanded enterprise and local authority to negotiate foreign trade while requiring them to bear more of the financial results. It reduced direct administrative allocation and broadened export activity, but access depended on local capacity and export markets remained exposed to external demand and rules.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Li Lanqing

trade officials

Organisashonnan den e Evento aki

Ministry of Foreign Economic Relations and Trade

local governments