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



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

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  2. Intrinsic says:

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

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    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….

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