Milestones

Milestones: 1993

(China Daily)
Updated: 2009-09-30 05:47

-- Chinese homes bid goodbye to ration coupons as China begins to loosen control of most commodities prices, following the growth of industrial and agricultural production. The rationing system, in which coupons were issued for products, began in the 1950s when commodities were scarce during the early days of the People's Republic of China.

-- Jiang Zemin is elected president of the PRC.