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Includes: Completion of the first Five Year Plan. Effect of failure of harvests in 1957. Budget deficit. The "Hundred Flowers" period and subsequent 'rectification'. Withdrawal of Chinese volunteers from the Korea and drive by China for representation on the United Nations and relaxation of the embargo. Progress in the Social Services and population growth Improvement in commercial relations between China and the UK Foreign Trade of China. Estimates of trade for 1952-1957 and plan for 1958. The effect of below target harvests. Comment on China's claim of a trading surplus. Proportion of trade with the communist bloc. China' Trade with the Free World. Continued shortage of supplies from China. Commentary on the trade of individual countries. China's First Five Years Plan. Targets and production achieved in 1957, the last year of the F.Y.P. Targets for 1968. The Second Five Year Plan. Revised plan not yet announced. Current indications China's Budget. Revenue and Expenditure for 1953 to 1957 and the estimate for 1958. Sources of revenue, taxation on industry and commerce. The main headings of expenditure for the years 1954 to 1957. Defence, Loan repayments, Economic construction, administration costs, value of industrial and agricultural output. China's Currency. The Yuan unchanged. Issue of new notes and coinage. The Embargo. Unilateral declaration by HM G. to align the embargo lists for China and the European bloc. List of main groups so freed. Revision of global quotas for goods subject to quantitative control. China/UK Trade. Statistics for the years 1952 to 1957. Commentary. China Trade: UK Government Interest Appointment of First Secretary (Commercial) to the Peking [Beijing] Embassy. Visit to China of Mr F.J. Erroll. Visit to the UK of a Chinese Economic and Technical Mission. Invitation by the SINO-BRITISH TRADE COMMITTEE. Mission led by Dr Chi Chao-Ting. Arrangements and report. Chinese Textile Machinery Mission. Programme arranged by the S.B.T.C. Chinese Plastics Mission. Programme arranged by the S.B.T.C. Visit to the British Plastics Exhibition. UK Restricts Imports of Chinese Textiles. Quotas imposed on imports of cotton and rayon yarn and cloth Group Visits to China. Less likely in future. Individual visas more freely issued. Registration of Trade Marks. China stipulates that the China Committee for the Promotion of International Trade must be appointed as agent. China/Hongkong Trade. Statistics for the years 1952 to 1957. Growth of Hongkong imports. Importance of Hongkong as a trading centre. UK /Hongkong Trade. Statistics for the years 1952 to 1957. Analysis. UK Imports of Hongkong Cotton Goods. HM G restates policy. Visit to Hongkong by Sir Frank Lee, Secretary to the Board of Trade for discussion. China Trade Agreements. Details of Trade Agreements concluded during the year. Railway Construction in China. Details of work on new lines reported during the year. Bridges across the Yellow River, The Yangtsze and the Pearl River. China Trade Meeting. Meeting of members to discuss current prospects. Foreign Currency Share Certificates etc. Retained in China. Representations to China for their release. Chinese Charge d'Affaires and Commercial Counsellor in London. Contact with Relations With Government Departments. Entertainment. Mr SP. Leigh, J.M. Addis, the Hon. Con O'Neill, Duncan Wilson, the Chinese Economic and Technical Mission, Sir Robert Black, F.J. Erroll, Huan Hsiang, the Chinese Charge d'Affaires. Appendix: I.C.A. figures of China's Trade with Non-Communist Countries selected years 1938 to 1956. The Association figures for 1956 and 1957. Chronological Summary from March 7th 1957 to Feb. 25th 1958, Includes: US policy of non-recognition of China. Work starts on the San Men Gorge Dam. Mao Tse-Tung on 'correctly handling contradictions among the people'. Democratic reform in Tibet. Chou En-Lai reports budget deficit. Serious flood damage in North and Central China. Reduction of staff at the Hongkong Naval Dockyard China prevents free market sales of cereals, cooking oils and cotton. China protests eviction of squatters in Hongkong. Mao Tse-Tung visits Moscow. Suspension of US-China talks. Harold Wilson visits Peking [Beijing].
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