Global EditionASIA 中文双语Français
China
Home / China / Latest

Exhibition jogs nation's collective memory

By Zhao Yimeng | China Daily | Updated: 2018-12-27 09:36
Share
Share - WeChat

Food coupons

In the days when China operated a planned economy, people used a variety of coupons to obtain everything from food to appliances.

Food coupons were among the first batch of negotiable securities issued by the government. From the 1950s to the '80s, a period of severe shortages, the coupons ensured that every family received its fair allocation of food.

"My grandfather and I waited in line to buy rice coupons on the 24th of each month with the salary my mom got the same day. We had to allocate the rice carefully or we wouldn't have enough to eat," said Wang Yuxia, a 60-something who grew up in Beijing.

"The monthly supply was recorded in a notebook that showed the amount of rice and oil each family bought. Four of us ate 59 kilograms a month," she added, noting that the entries end in June 1993.

As living standards improved - the per capita disposable income of urban residents rose to 25,974 yuan ($3,770) last year from 171 yuan in 1978 - rice coupons gradually disappeared from daily life.

"Cash replacing coupons as a form of payment was not a sudden change but a gradual process. I remember using rice coupons and cash together to buy food," Wang said.

"Now we buy goods via mobile payment. I can buy groceries without taking cash with me when I walk around after dinner. It's far more convenient than using rice coupons."

A recent report from the National Bureau of Statistics shows that China's Engel coefficient, a measure of food expenditure as a proportion of total household spending, fell to 29.3 percent last year, nearly 35 percent lower than in 1978, indicating the rise in living standards.

|<< Previous 1 2 3 4 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US