A POLICY ANALYSIS OF CHINA WHEAT ECONOMY

This paper examines the impacts of China's historical and anticipated future reforms on its domestic wheat economy and how it affects the import demand for wheat using a stochastic coefficient regression method. The results strongly support the hypothesis that producers and consumers in the post-reform era were responsive to a less controlled economy. Furthermore, the higher import forecasts indicate that China will interact more with the world wheat market. © 1990 American Agricultural Economics Association.