China’s Finance and Trade: A Policy Reader

Front Matter....Pages i-xiii
Introduction....Pages 1-10
Front Matter....Pages 11-19
People’s Daily Correspondent Describes Two Opposed Lines for Building the Economy (Source 27, pp. 3–10) August 25, 1967....Pages 20-26
Red Flag Author Argues Politics Is a Concentrated Manifestation of Economics (Source 12, pp. 192–197) June 1969....Pages 26-31
Revolutionary Mass Criticism Groups Denounce Sun Yeh-fang’s “One Black Program” and “Five Soft Daggers” (Source 18, pp. 258–263) February 24, 1970....Pages 31-36
Revolutionary Mass Criticism Groups Tie Sun Yeh-fang to Liu Shao-ch’i (Source 18, pp. 264–266) February 24, 1970....Pages 36-38
Provincial Revolutionary Committee Writing Group Asserts Sun Yeh-fang’s “System of Political Economy” Is an Ideological Foundation for Liu Shao-chi’s Counterrevolutionary Line (Source 11, pp. 268–269) February 1970....Pages 38-39
Provincial Revolutionary Committee Writing Group Identifies What Sun Yeh-fang Learned from Efsei Liberman (Source 11, pp. 269–271) February 1970....Pages 39-40
Provincial Revolutionary Committee Writing Group Asserts Sun Yeh-fang’s Program Would Serve the Interests of the “Eight Immortals” (Source 11, pp. 278–279) February 1970....Pages 41-42
State Planning Commission Writing Group Emphasizes the Importance of Thrift (Source 23, pp. 18–22) February 1971....Pages 42-45
Provincial Revolutionary Committee Writing Group Warns Putting Politics in Command Is Not Enough (Source 11, pp. 282–283) February 1970....Pages 46-46
People’s Daily Correspondent Refutes the Argument “Statistics Is Useless” (Source 13, pp. 32–38) October 29, 1971....Pages 46-53
Provincial Revolutionary Committee Writing Team Argues Land, Labor and Capital Are Insufficient to Explain Economic Development (Source 1, pp. 70–71) April 7, 1971....Pages 53-54
State Planning Commission Charts the Future of the Chinese Economy in the Post-Mao Era (Source 28, pp. 7–14), September 12, 1977....Pages 54-69
Front Matter....Pages 71-81
Ministry of Commerce Writing Group Refutes Four Main Issues in the Two-Line Struggle in Commerce (Source 16, pp. 66–67) November 6, 1970....Pages 82-82
Ministry of Commerce Writing Group Contrasts Correct Line for Leading Commerce with Liu Shao-ch’i’s Line (Source 16, pp. 78–81) November 6, 1970....Pages 82-85
Ministry of Commerce Writing Group Refutes Liu Shao-ch’i’s Fallacy “Circulation Determines Production” (Source 16, pp. 67–70) November 6, 1970....Pages 85-88
Ministry of Commerce Writing Group Criticizes Liu Shao-ch’i for Advocating Free Markets (Source 16, pp. 74–75) November 6, 1970....Pages 88-89
Ministry of Commerce Writing Group Describes How Liu Shao-ch’i Promoted Capitalism in Rural Commerce (Source 16, pp. 75–78) November 6, 1970....Pages 89-92
Provincial Revolutionary Committee Writing Team Analyzes the Danger of Spontaneous Capitalism When Diversifying Rural Economies (Source 1, pp. 71–73) April 7, 1971....Pages 92-94
Economist Asserts China’s Individual Peasant Economy Is Basically a Petty Commodity Economy (Source 24, p. 3) August 1965....Pages 94-95
Front Matter....Pages 71-81
Economist Analyzes Classes in a Rural Petty Commodity Economy (Source 24, p. 9) August 1965....Pages 95-96
Economist Analyzes Growth of Speculation and Usury after Land Reform (Source 24, pp. 10–14) August 1965....Pages 96-100
Ministry of Commerce Writing Group Charges Liu Shao-ch’i Advocated “Squeez-ing” the Peasant Sector (Source 16, pp. 71–73) November 6, 1970....Pages 100-101
Economist Argues That Capitalist Planning Is Unscientific, Unreliable, and Wasteful (Source 15, pp. 69–70) July 1964....Pages 101-102
Economist Lists Necessary Socialist Planning Targets (Source 15, p. 71) July 1964....Pages 102-103
Economist Analyzes Socialist Planning as Continuous Preparations to Handle Disequilibria (Source 15, pp. 74–75) July 1964....Pages 103-104
Economist Outlines Four Main Equilibria Socialist Planning Should Strive to Achieve (Source 15, pp. 75–79) July 1964....Pages 104-108
Provincial Revolutionary Committee Writing Group Criticizes Sun Yeh-fang’s View That “Plans Should Be Based on the Law of Value” (Source 11, pp. 272–273) February 1970....Pages 108-108
Provincial Revolutionary Committee Writing Group Puts the “Law of Value” in Perspective (Source 11, pp. 274–276) February 1970....Pages 108-111
Provincial Revolutionary Committee Writing Group Criticizes Overemphasis on Profits (Source 11, p. 278) February 1970....Pages 111-111
Red Flag Author Exposes Class Enemies’ Tactics on the Finance-Trade Front (Source 19, pp. 203–210) September 1969....Pages 111-118
People’s Daily Correspondent Urges Commercial Departments to Promote Development of a Diversified Rural Economy (Source 14,pp. 245–246) August 22, 1975....Pages 118-121
New China News Agency Correspondent Reports on New-style Rural Periodic Market Where Private Transactions Are Minimized (Source 22, pp. 61–65) May 9, 1976....Pages 121-129
Representatives of Ten Big Department Stores in Nine Cities Denounce Teng Hsiao-p’ing and Demand “Bourgeois Right” Be Restricted (Source 4, pp. 166–168) July 16, 1976....Pages 129-131
All-China Supply and Marketing Co-op Mass Criticism Group Exposes Crimes of the “Gang of Four” in Sabotaging Agricultural and Subsidiary Production and Rural Markets (Source 25, pp. 94–97) November 30, 1976....Pages 131-136
Front Matter....Pages 137-148
Economist Gives Comprehensive Overview of Socialist Public Finance (Source 20, pp. 3–27) June 1966....Pages 149-171
Pierre-Henri Cassou, “The Chinese Monetary System” (Source 3, pp. 82–97) 1973....Pages 171-185
Red Flag Correspondent Reports the Advanced Experience of a Model Banking Office (Source 2, pp. 26–39) February 1971....Pages 186-198
“Red Bank” [Homonym] Lauds the Longterm Stability of the Jen-min pi (Source 8, pp. 180–182) July 6, 1969....Pages 198-200
“Red Bank” Draws Contrasts between the Currencies of China and the Soviet Union’s Ruble (Source 8, pp. 184–185) July 6, 1969....Pages 200-201
Front Matter....Pages 137-148
“Red Bank” Draws Further Contrasts between the Jen-min pi and Currency under the KMT and under the Line of Liu Shao-ch’i (Source 8, pp. 186–190) July 6, 1969....Pages 201-205
Red Flag Author Explains Why the Jen-min pi Has Remained Stable (Source 7, pp. 75–78) November 1974....Pages 205-208
Economist Observes a Shift since 1949 in the Profile of People Making Personal Savings Deposits (Source 10, p. 64) June 1964....Pages 208-209
Economist Reports Increase in Proportion of Fixed Savings Deposits to Total Deposits, 1952–1963 (Source 10, pp. 74–75) June 1964....Pages 209-209
People’s Daily Correspondent Explains Continued Increase in Savings Deposits through 1973 (Source 17, pp. 90–92) January 23, 1974....Pages 209-211
Economist Explains the Importance of People’s Savings to Economic Construction (Source 10, pp. 66–73) June 1964....Pages 211-218
Economist Raises the Problem of the Ratio of Accumulation to Consumption in Rural Communes (Source 23, p. 32) March 1965....Pages 218-219
Economist Details Three Attributes of the Accumulation/Consumption Ratio (Source 23, pp. 33–36) March 1965....Pages 219-222
Economist Notes Relationship between Consumption and Labor Productivity (Source 21, pp. 41–42) March 1965....Pages 222-223
Economist Identifies Views of the Accumulation/Consumption Ratio Held by Different Rural Classes (Source 21, pp. 42–43) March 1965....Pages 223-224
Economist Refutes View That Accumulation/Consumption Ratio Should Remain Stable (Source 21, pp. 44–45) March 1965....Pages 224-225
Mao Tse-tung Legitimizes Interests of State, Collective, and Individual (from “On the Problem of Correctly Handling Contradictions among the People,” Peking: Foreign Languages Press, 1957) (Source 21, p. 47) March 1965....Pages 225-225
Economist Notes How Bumper Harvest Years and Lean Years Should Affect the Accumulation/Consumption Ratio (Source 21, pp. 49–50) March 1965....Pages 226-227
Province and Ministry of Light Industry Joint Investigation Group Argues for “Multiple Utilization” to Reduce Waste (Source 9, pp. 151–161) December 1970....Pages 227-236
Group of Theorists at a Branch of the People’s Bank Discusses the Importance of Money in a Socialist Economy (Source 6, p. 85) August 18, 1975....Pages 237-238
Theory Group at a District Office of the People’s Bank Discusses Money and Exchange in a Socialist Economy (Source 26, pp. 63–64) October 22, 1975....Pages 238-240
People’s Daily Correspondent Reports on the Supervisory Function of a People’s Bank Office (Source 5, pp. 132–135) November 9, 1975....Pages 240-245
Back Matter....Pages 247-250