MINISTRY OF TRADE TAKES STEPS TO STABILIZE YEAR-END PRICES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000700040669-4
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: October 31, 2011
• Sequence Number: 669
• Publication Date: February 5, 1952
• Content Type: REPORT

Declassified in Part - Sanitized Copy Approved for Release 2011/10/31
CIA-RDP80-00809A000700040669-4
CLASSIFICATION CONFIDENTIAL
CENTRAL INTELLIGENCE AGENCY CONFIDE REPO L
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
COUNTRY China
SUBJECT Economic - Trade, price stabilization
HOW
PUBLISHED Daily newspaper
WHERE
PUBLISHED Nan-ch'ang
DATE
PUBLISHED 7 Dec 1951
LANGUAGE Chinese
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DATE OF
INFORMATION 1951
DATE DIST. , Feb 1952
THIS IS UNEVALUATED INFORMATION
MINISTRY OF TRADE TAKES STEPS
TO STABILIZE YEAREND PRICES
Peiping, 5 December -- The Ministry of Trade of the Central People's Govern-
ment, People's Republic of China, has issued a special directive concerned with..
the stabilization of commodity prices at the end of the year. The purpose of
this directive is to hasten national land reform, hasten recovery and develop-
ment of industrial and agricultural production, and to improve the p4-chasing
power of city and country laborers. Provisions of the directive are as follows:
All trade administrators and special trading companies shall be very care-
ful in planning and organizing preparatory buying of goods for this period.
Care must be taken to see that all wholesale and retail markets are fully sup-
plied with the important consumer commodities (rice, flour, sugar, oil, and
salt) to avoid any scarcity of supply and resultant rise in prices. Prepara-
tions concerning secondary food items (such as fish, meat, eggs, vegetables,
and fruits) should be sufficient to insure stabilization of the wholesale prices.
Arrangements should be made for joint purchasing by private, public, and coo;?.r-
ative enterprises. It will be the responsibility of the concerned special trad-
ing corporations to insure acquisition and timely distribution of the items
under their jurisdiction.
It will be necessary for all trade organizations to maintain strict control
of prices, keeping a reasonable price differential between interarea prices as
well as wholesale-retail prices, and stimulating private trade by allowing a
suitable profit in production, transport, and sales. Firm control must be main-
tained over the market throub.i rigid inspections and by encouraging the people
to report violations. Newspapers and radios will be used to inform the people
of the program.
CONFIDENTIAL
STATE
ARMY
CLASSIFICATION CONFIDENTIAL
NSRB DISTRIBUTION
Declassified in Part - Sanitized Copy Approved for Release 2011/10/31
CIA-RDP80-00809A000700040669-4