Circular of the State Council of the People's Republic of China on Policy of Grain/Rice Circulation System Reform. Country/Territory China Document type Miscellaneous Date 1999 Source FAO, FAOLEX Original source Official Gazette No. 16 of 20 April 1992, p. 2119. Subject Agricultural & rural development, Food & nutrition Keyword Internal trade Smallholders/peasants Cereals/grains/rice Agricultural development Agricultural commodities Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract In order to ensure the equilibrium of the national grain/rice market and to encourage the initiative of grain/rice production, the people's government at all level shall implement this policy. The purchasing price from individual peasant shall not be lower than the protected price; the selling price shall not be lower than the agreeable price. The rest part of this circular emphasis on the management of the grain/rice purchasing market. The financial administration shall further adopt measure to ensure and support the functioning of the market. Full text Chinese