…while falling wages hit state enterprise reform

20 July 1998

…while falling wages hit state enterprise reform

NEW Chinese premier Zhu Rongjis ambition to reform state enterprises has fallen victim to more immediate problems, reports the Financial Times.

One of these is flagging consumer spending in a rural economy of 900m people who are responsible for 40% of consumer purchases.

The report says spending is being depressed by declining farm wages and plunging produce prices because of an agricultural glut.

  • Financial Times 20/07/98 page 4


Farmers Weekly Awards Show

Join us for a week-long extravaganza to celebrate the farming heroes and achievements of 2020 and announce the winners of the Farmers Weekly Awards. Countryfile presenter Adam Henson will host five nights of entertainment in 20-minute programmes filmed all over the country. He'll be joined by a host of farming celebrities and feature a special appearance by HRH Prince Charles.
Find out more
See more