ECONOMIC - - INDUSTRIAL

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600230485-9
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: July 18, 2011
• Sequence Number: 485
• Publication Date: June 9, 1949
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/07/18: CIA-RDP80-00809A000600230485-9
CLASSIFI 'IOM
CENTRAL INTELLIGENCE AGE.r+,Y I EPORT
INFORMATION PROP.
The Minlatry of State Enterprises of the North China People's Government
convened the Ordnance Bureau's fret representative assembly at Pai-p'ing on
I0 - 23 April 1949. One hundred tRenty-throe delegates attended the conference,
representing the workers of the former Shansi-Hopeh-Shantung-Ronan and Shansi-
OhahaT-Bopeh arsenals. The conference decided on future policies, drew up a
labor union charter, establiuhed a unified control organ (known as the Central
Workers' Association of the Ordnance Bureau), and passes a consolidation agree-
Wrat with tbs. Ordnance Bureau.
COIrSWJIBTB TAKE OVER VU-BSI 8fl ORGANIZATION -- Has Shang Pao, 11 May 49
The Cosamnist Military Control Co.iesion in Vu-hei has taken over the
Vu-hsi office of the DQ-goverment-owued dilk Corporation and one of its
subordinate units, Experimental Station No 3. As a result of the favorable
policies pursued in northern Yiangsuo former employees remained at their
jobs and prepared an inventory. in preparation for the change in ownership.
agents of the new government explained to po7:ciee to a workers' assembly,-and
by 29 April 1949 alt had been turned over in an orderly fashion.
Wu-hal is a focal point for the silk industry In southern Eiangsu, az.e-
fifth of the inhab+,tents of the city earning their livelihood :rrm this source.
The Bilk Corporation controlled seven tenths of the silk industry in v_ hei and
vicinity, an well as a large part of the industry in ?;w T'ai Ku area. Farmers
have sntfersd many hardships as a result of Its predatory prnoiieee and the in-
dustry has lagged in recent years. in 1947 the Wu-hsi office bought 110,972
picule of auk [,1 picul equals 133.3 pounde7, but the figure dropped to 69.083
pionls in 1948.
COUNTRY Communist China
SUBJECT Economic -- Industrial
PUBLISHED
WHERE,
PUBLISHED
DATE
PUBLISHED
Daily newspapers
Hong Kong
7 - 15 May 1949
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DATE DIST. 9 Jun 191,9
NO. OF PAGES
SUPPLEMENT TO
REPORT NO.
SOURCE Chinese newspapers as indicated.
CCK1 8T CONTROL OF INDUSTRY ETPAN M
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Sanitized Copy Approved for Release 2011/07/18: CIA-RDP80-00809A000600230485-9
 Sanitized Copy Approved for Release 2011/07/18: CIA-RDP80-00809A000600230485-9
NMi'h CM A GOVERNA!4T AIDS INDUSTRY -- ilea-.ui Pao, 11 Ntaj a'9
TheT'ien-ching (Tientsin) People's Bank recently made a necond.10aY_of 300
million yuen?to the Val-luau (Kailan) coal mines for the purpose of aiding to
the payment of wages and increasing production. The firt loan was made on
28 April 1949.
The Pei-p'ing Bank of Communications speoializos in granting loans to
inluetries and mines. During the period 29 March , 7 May 1949 it loaned out more
tL s74 million yuan, of which 63 million yuan were extended to eight state-
owned enterprises and the'remainder to 21 private enterprises. The bulk of the
loans was used to obtain raw materials or for purchasing equipment.
The Tang-shan f Ueda: 1342, 2529 Steel Works recently instituted a pro-
duction competition system to celebrate the 1 i!iy Festival and as an aid in
increasing production. During April 1949 this plant produced 551 tons of steel,
anIncrease, of more than three time the monthly average of 160 tone prior to
liberation, April output surpassed the target set for the month by 46 percent.
The pressed steel output for April was 301 tons, more than double the prelibera-
tick average 'of 117 tons, and 51 percent more than the target set for the moni'i.
called a o9aferenoe of managers of all department stores in the Northeast to
discuss the main, object ivea of state enterprises in that area. Thebe objec.svee
are to satisfy the people's desires, develop cooperative enterprises, and oppose
illegal and hateful practices by private firms. The conference recognized that
the nation possesses sufficient quantities of cloth, grain, salt, oil, and coal,
which asst be effectively marketed by state enterprises. Popular needs and
market condition should be studied in order to meet the needs of the =Sees In
rpgard to quantity, quality, and seasonal sales requirements.
The oonf.renoe agreed that revival of currency values was also an impor-
;ant :ask of state enterprises, pointing out that stabilizing priced and opposing
illegal practices of private buetneee are inseparable. State enterprises must
use the aoverin..3nt's economic power and its Axecutive egenuies for greater oon-
trol over private merchants, in order to load than along lines beneficial to a
state-planned people's livelihood end to fight speculation and actions tnat
disturb the market.
Sanitized Copy Approved for Release 2011/07/18: CIA-RDP80-00809A000600230485-9