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((Short description|Economy with planned and private sectors))((refimprove|date=February 2011))
A '''dual-track system''' is an [[economic system]] in which the [[government]] controls key sectors of the [[economy]], while allowing [[private enterprise]] limited control over the other sectors.

In China, the government followed dual-track pricing until abolished in November 1989, known as "''shuangguizhi''" in Chinese. State-controlled (planned) prices, which were lower, accompanied the market prices, which were higher. This was done to ensure stability and gradual opening of markets (instead of a "big bang" strategy of sudden transformation to capitalism that was attempted in Eastern Europe and Russia). However, to provide incentive to the State-owned Enterprises, government allowed selling of the products at market prices after the planned targets had been met.<ref>Barry Naughton, "The Chinese Economy" (MIT Press, 2007)</ref>

==See also==
*[[Chinese economic reform]]
*[[Socialist market economy]]
*[[Market socialism]]
*[[Socialism with Chinese characteristics]]
*[[Xi Jinping Thought]]

==References==
((Reflist))

[[Category:Economic systems]]

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