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February 20, 2006
Conditions not yet ripe for abolition of salt monopoly
I came across an interesting piece of news (or more accurately, non-news) today: conditions are apparently not yet ripe for abolishing the government's salt monopoly. (Report here.) This made me wonder whether the salt monopoly had therefore won the stakes for the longest-lasting government revenue source in Chinese history, given that the 2600-year-old agricultural tax had been abolished only late last year. But no: standard accounts put the salt monopoly at about 2500 hundred years of age, so it will have to last another century or so to beat the agricultural tax.
February 20, 2006 in News - Chinese Law | Permalink
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