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Includes: Difficulty in producing a reliable report. Poor harvest in 1959 lead to increased emphasis on the importance of agriculture. Adverse effects of the emphasis previously placed on industrial targets. Reversion to incentive payments and reduced authority of the communes. Policy differences with the Soviet Union, preparation for resumption of trade with Japan. Continued failure to execute contracts. Foreign Trade of China. Figures of trade in terms of Yuan and Sterling for the years 1951 to 1959. Trade with the Communist Bloc. Figures for the years 1955 to 1959. Large increase in China's exports to the USSR to speed up the repayment of credits. Figures for trade with other members of the bloc for the years 1957 to 1959. Trade with the Free World. Detailed figures in the Appendix. Balance of Trade. China has a favourable balance on visible trade which is probably greater than the deficit on invisibles. Effect of purchase of cereals. Overseas remittances. Trade Agreements. Trade agreements and technical assistance arrangements. Cuba is the first Latin-American partner. Details in the Appendix. Foreign Aid. Commentary on the distribution of aid and its nature. Industry. Achievements for coal, power and steel. Drive for the setting up of small plants, encouragement of labour saving. Agriculture. Serious crop damage from flood and drought. Estimate of food grain yield. Year ends with clear priority being given to agriculture. Shortage of hand tools. Figures for the output of food grains from 1949 to 1959. Power and communications. Completion of the Hsiang Kiang Hydro-electric Plant. The San Men Gorge project. Major effort on the railways is in the improvement of the capacity of existing lines. Growing use of inland water transport. Shortage of petroleum fuels. First ocean going freighter launched. China/United Kingdom Trade. Figures for the years 1952 to 1960. Import difficulties caused by shortage of supplies and of information on availabilities. Large imports of silver. Import Licencing. Licences issued against production of firm offers from China. Commentary. Exchange of visits. Few to China and none from. SBTC propose visits by specialist groups. Commercial Councillor Hsieh Shou-Tien is replaced by Li Chuo-Chih. Hongkong. Figures of trade with all countries, with the United Kingdom and with China, Years 1956 to 1960. Decrease in the entrepot trade and increase in exports of domestic manufactures. Main suppliers. Trade with the United Kingdom Trade with China. Reduction in food imports. Hongkong Industries. Growth in textile capacity. New industries wages and Labour. Finances. Results for 1960 and estimates for 1961. Main indicators. The Federation of Hongkong Industries. Establishment of and objects. Taiwan. Trade balance. Trade with the UK and Hongkong. Price Index, Cost of Living Index, interest rates. The Association's Activities. China problems. Discussions with Government Departments. The Hongkong Committee. The textile situation. Draft constitution for an association. China Trade Agreements. Details. Repayment arrangements for the debt to the USSR, Free World Trade with China. Figures in US by countries for the years 1957 to 1960 and in total for the years 1947 to 1959. Chronological Summary of principal events for the period 20th January 1960 to 1st December 1960. Includes: China and Indonesia ratify treaty on dual nationality. F.M. Montgomery visits China. Various reports on agricultural conditions in China. Boundary treaty between China and Burma. Agreement with China on the supply of water to Hongkong. Lord Rochdale discusses extension of the agreement for the limitation of textile exports to the UK
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