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ABSTRACT
First published in 1957.
This volume provides a broad survey of economic progress in China from 1949 to 1952 and covers the historical background, China's economic system, industralisation and planning, the first Five Year Plan in industry, agriculture, transport, commerce and finance, education and health and foreign trade. The work is supplemented with an extensive bibliography, maps and statistical tables.
TABLE OF CONTENTS
chapter |8 pages
was impossible. Steps were taken to put a brake on the of increase in prices and to stop the giddy hyper-inflation. Per- the most important was the introduction of a parity unit with the value of bank de-of Government bonds in January 1950, amount- to the equivalent of £35 million and with a maturity of 5½ years, to the restoration of confidence. It was an unprece-
stable purchasing power; this unit measured posits. The first issue
chapter |22 pages
by its profits on the entrepot trade and the service earn-
buy Chinese goods after promulgating its December 1950 em-
