The Political Economy of Food Price Policy in China
The overall goal of this paper is to analyse the political economy of food price policies in China during the global food crisis. The results show that given China’s unique economic and political context and the nature of its agricultural markets, the government’s reaction to the crisis was swift and decisive. Responses, which considered the interests of the relevant stakeholders, included both short-term counter-measures that covered a wide range of domestic and border policies as well as long-term policy changes on biofuels and agricultural investment. This, in conjunction with the country’s political system, meant that the decision-making process encountered no problems and that the impacts of policy responses by the government achieved the envisaged objectives.