Chronicle TIMELINE
A chronological, causal record of the resistance, major political crises, and contemporary truth.
JanFebMarAprMayJunJulAugSepOctNovDec
1988
·Verified
·Importance IV
·Sources 2
·China
The Chinese Communist Party's attempt to abolish the dual-track system and implement price reform triggered panic buying and severe inflation, becoming a major economic background for the outbreak of the June 4, 1989 Tiananmen crackdown.
1988
·Verified
·Importance IV
·Sources 3
·China
In 1988, the national overall retail price index rose by about 18.5%, the first inflation peak since the reform and opening-up, and a wave of panic buying occurred that year.