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Includes: Economic Policy. Priority of Agriculture. Heavy Industry targets for the Five Year Plan achieved two years ahead of schedule. Re-direction of effort. Continuation of adverse weather conditions. Return of population to the countryside. Readjustment of rural administration giving production teams authority. Cereal orders placed for 1961 and 1962. Poor harvests force curtailment of imports. Deterioration of relations with the USSR and expansion of contacts with Africa and Latin America. The Foreign Trade of China. Figures for international trade for the years 1955 to 1961. Reduced exports of foodstuffs and agricultural products. Large exports of silver. Large imports of cereals and increase in substitute raw materials. Balance of Trade. Commentary and estimates. Imports and exports from and to main groups of countries and the resulting balances for the years 1958 to 1961. Trade with the USSR. Official Soviet figures for the years 1955 to 1960. Trade protocol for 1961. Analysis of trade by products, detailed analysis in the Bulletin for December 1961, No. 183. Trade with Eastern Europe. Figures for the years 1958 to 1961, cancellation of orders for industrial plant. Trade with Other Countries. Figures for main areas for the years 1958 to 1961. Importance of the ECAFE Area in the balance of payments. Resumption of trade with Japan. Cereal Purchases. Quantities, origin and payments. Effect of cereal purchases on China's trading pattern. Domestic Affairs. Agriculture. Adverse weather. Implementation of the change in policy giving priority to agriculture. Mechanisation. Tractor production. Grain output. Industry. Changes to support agriculture. Figures for 1960 production of major items. Coal and Oil. Transport and Power. Little new construction. Lloyds estimate of the size of China's shipping fleet. Power. Completion of the San Men dam but turbo-generators awaited. Finance Tightening of the Inflationary gap arising during the Great Leap. Revaluation of the Rouble and the new relationship to the Yuan. Aid and credits. Chou En Lai's statement on aid received and basis for the future. Trade and Aid Agreements. List and aid figures. China-United Kingdom Trade. Figures for the years 1954 to 1961. China's apparent trade policy. Analysis of main exports to and imports from China for the years 1959 to 1961. Commentary. Sale of Vickers Viscounts. Imports of silver and gold. Exchange of visits. Visits from various technical missions and increase in representation at the office of the Chinese Commercial Counsellor. Trade Fair. Suggested replacement by a small specialist display. The Sino-British Trade Council. Value. Import Quotas. Revision of list, effect on trade. Hongkong. Figures for trade with all countries, with the UK and with China for the years 1957 to 1961. The balance of trade. Sharp rise in exports of Electrical Machinery. Trade with the United Kingdom. Estimate of the balance of trade. Trade with China. No basic change in the pattern. The Textile Industry. Global agreement on textiles reached at Geneva. Industrial Development. Participating countries and new ventures. Taiwan. Commentary on trade, industrial production, population growth and trade with the UK The Association. Assistance to visitors to the Autumn Canton [Guangzhou] Fair. Formation of the Hong Kong Association, demarcation of interests between it and the China Association. The Voluntary Limitation of the Shipment of Textiles. The Chinese Charge d'Affaires and the Commercial Counsellor attend the Reception for Member Companies. Centenary of the Hong Kong General Chamber of Commerce, the Association holds a Dinner in London. Appendix. Figures for Free World trade with China for the years 1958 to 1961. Chronological Summary of principal events from 20th Jan to 15th December 1961, includes: - reports on various trade agreements and the purchase of wheat, change in the embargo list for communist countries, visits to Hongkong, results of the Autumn Canton [Guangzhou] Fair.
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