The second article by M.V. Karpov deals with the practical and theoretical implications of the price reform in the People's Republic of China in the recent three decades. In the fi rst part of the article author examines theories of double-track transition formulated by some prominent Chinese economists. According to them, the success of economic reform in China is due to the gradual incremental increase of the market track while simultaneous steady decrease of the plan track in the national economy. M.V. Karpov argues that the dynamics of reform in practice was rather characterized by formation of unregulated and uneven symbiosis of plan and market, being both perverted and inseparable from each other. In the second part of the article author dwells upon the realities of what he calls multiple-track pricing system. At the heart of it lies the right of the party-state organs (both central and local) to defi ne the market-plan frontier not only in pricing but in all major fi elds of economy. It is still the Leninist party-state which dictates the rules of the deals and constitutes the system. Market here is by no means a system but a practice which is used in uneven and - for outsiders - often unclear dimensions in the different tracks of the system. According to the author, this multiple-track system is a consolidated formation itself. The main purpose of the market transition in today's China is not any more the transition from plan to market but rather from multiple-track system to market as a system. This transition may be traumatic and presupposes reset of many integral parts of contemporary Chinese statehood.

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