Pictures: National hoarding in China in 1988

Alia | March 24th, 2011 - 1:56 pm

The recent salt hoarding reminds many in China of the life in late 80s. In 1988, China stopped double-track price system, allowing consumer product prices to be adjusted by market rather than central planning. The immediate result was a much greater than imaged price increase across the board. High prices lead to a national panic and a nation-wide hoarding just about everything.

Crowd outside a gold jewelery store


View from the other side of the gold store

Queue for cooking oil


People in street trading food coupons (粮票, liang piao)


Queue for Chinese cabbage


Woman with an overloaded cart of Chinese cabbages



Related posts:

South China Sea standoff stirred new wave of nationalism in China, “The government has no balls and ...
[Updated] Fire at a “New York” shopping mall rumored to have killed over 300 Chinese
10 Chongqing officials sacked for involving in sex tapes with the same girl
Why US ambassador to China Gary Locke resigns, according to Chinese netizens
A chronicle of China in 2013 by Offbeat China
China’s propaganda war over a bowl of muddy water noodles

3 Responses to “Pictures: National hoarding in China in 1988”

  1. p90x workout says:

    I admit it my main reason of buying p90x is its resulst.Just believe it dinmomnidyf.Thanks

  2. Intrinsic says:

    Great pictures, I was too young to remember those days. china has come a long way since then.

  3. Someone thinks this story is fantastic…

    This story was submitted to Hao Hao Report – a collection of China’s best stories and blog posts. If you like this story, be sure to go vote for it….

You can leave a response, or trackback from your own site.

Leave a Reply