On this day, 46 years ago, on March 22, 1979 (February 24, 1979, the lunar calendar), China began the reform of the price system. In March 1979, the reform of China's price system began, which was an important measure in the reform of China's economic system. The reform is divided into two stages. The first stage, from March to the end of 1983, focused on planned price adjustments, including increasing the purchase prices of 18 major agricultural products such as grains, oilseeds, and pigs, and increasing the sales prices of 8 major non-staple foods such as meat and vegetables. Comprehensively adjust textile prices and increase the prices of some important raw materials and fuels. In the second stage after 1984, prices were mainly liberalized in different forms and degrees. Starting from January 1, 1984, mechanical products were first piloted out a new policy of pricing based on quality and grading, and the prices of means of production were implemented."Double track system". In 1985, the prices of agricultural by-products were liberalized on a large scale, and the short-distance railway ticket prices and freight prices were appropriately increased. In late August 1986, the prices of seven industrial consumer goods such as bicycles, black and white TVs, and refrigerators were liberalized. In November, the prices of 749 small commodities in 24 categories, including daily necessities, were liberalized. In the second half of 1987, the prices of department stores and cultural small commodities were liberalized. On September 11, 1987, the State Council issued the "Regulations on Price Management of the People's Republic of China", which clearly stipulated the three current price forms in the country, namely national pricing, national guidance prices and market-adjusted prices, and stipulated that enterprises enjoy rights in price management, mainly to give enterprises the right to price part of prices.