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Includes: The Great Leap. The policy and its effects. Establishment of communes, excesses. Mao Tse-Tung resigns from the Chairmanship. Bombardment of the Offshore Islands. Rupture of commercial relations with Japan. Demonstrations over British and American action in Jordan and Lebanon. Foreign Trade of China. Figures for the years 1953 to 1958 using a different method of calculating exchange rates and giving separate tables for the figures in Yuan and Sterling. Proportions of the total done with communist and non-communist countries. Trade with the Free World. Rupture of trade relations with Japan leads to increased sales of steel by West Europe. China intensifies its export drive, often at unnecessarily low prices. Growth of link transactions. Trade with Communist Bloc. Figures for the years 1953 to 1957. Rising share of the European satellites. Breakdown of USSR exports. Balance of Trade. China claims a balance in the first five year plan. Official figures of Sino-Soviet trade for some years 1950 to 1957. Overseas Remittances. Estimates for the past nine years. General Conditions. China's Second Five Year Plan. Original plan abandoned in favour of crash programmes for particular sectors. (later known as The Great Leap) Claims of gross industrial output for 1957 and 1958 China's Budget. Revenue and Expenditure figures for 1953 to 1958. China's Currency. Opinion on its true value. Terms of Payment. Change in the terms of Letters of Credit. The Embargo. Reduction by Coordinating Committee for Multilateral Export Controls (CoCom) from 181 to 118 listed items, principal products freed, problems arising from embargoed attachments in complete plants. Foreign Aid. Loans received by China from the USSR and the use to which they have been put. Further 5,000 million rouble loan from the USSR. Loans and aid given by China to various countries. Industry. Claimed 65% rise in gross value of industrial output, small scale enterprises. Agriculture. Grain output claimed increase from 195 to 375 million tons and target for 1959 set at 525 million. Detailed figures given later in the report. Shipping. Increase in chartering and purchase of second hand ships. Oil tanker from Russia. Construction in China. Establishment of a Maritime Arbitration Commission. China/UK Trade. Figures for the years 1953 to 1958. Large British exports result from the relaxation of the embargo and the suspension of trade with Japan. China continues to use link and barter transactions for her exports. Sales from consignment stocks. Visits. Numerous visits by technical and commercial experts. Easing of restrictions on entry visas for British visitors to China, Limitation of textile Imports. Quota imposed on manufactured cotton textile goods. Proposed Trade Exhibition in Peking [Beijing]. Proposal abandoned. Hongkong. Trade with all countries, with the United Kingdom and with China for the years 1954 to 1958. Commentary. Hongkong continues to be of use to China as an entrepot for its exports. Estimate of China's foreign exchange earnings through Hongkong. Political relations between Hongkong and China. Closure of the Hongkong Dockyard Negotiations for the voluntary limitation of exports of textiles to the UK Hong Kong’s budget surplus and uncommitted reserves. Formosa. Improvement in the economy. Economic aid from the USA. Exchange rates. China's Railways. Details of the construction done and the programme for 1959. More double tracking and restoration of the older trunk lines. China's Industrial and Food Output. Statistical table of China's claims. China Trade Agreements. Details of agreements with non-communist countries. Chronological Summary of events from Jan. 17th 1958 to Jan. 5th 1959, includes: China breaks off trade with Japan. Visit of Chinese trading corporations cancelled, presumably on political grounds. Bombardment of the Offshore Islands (several). Hongkong agrees to limit exports of cotton textiles to the UK (various). Hongkong regulations on hours of work for women and children. Resumption of China/USA. talks in Warsaw. Association's Activities. Discussion with the Chinese Commercial Counsellor on limitation of imports of grey cloth Reports from the Commercial Attaché in Peking [Beijing]. Representations made on the embargo list Terms of payment by China. Consultations with the E.C.G.D. Visit of Parliamentary Delegation to Hongkong. Appendix. US figures for China's trade with non-communist countries 1938 to 1957. The Association figures for trade in 1957 and 1958.
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