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of information on China are still limited but better than during the earlier studies.

It is hoped that this volume, drawing on research at universities, research institutions and in the Federal Government, will serve as an aid and a stimulus to all scholars working on this subject. The committee is deeply indebted to the scholars from Government and academia who gave so generously of their time and expertise to the committee. They are listed in the executive director's memorandum to me, and I would like to take this opportunity on behalf of the committee to express our gratitude for their invaluable efforts without which this study would not have been possible.

Finally, we wish to take this opportunity to express our gratitude to the Congressional Research Service for making available the services of John P. Hardt, who helped to plan the scope of the research and coordinated the contributions for the present study, with assistance from Ronda Bresnick.

It is understood that the views contained in this study are not necessarily those of the Joint Economic Committee nor of individual members.

RICHARD BOLLING, Chairman, Joint Economic Committee.

Hon. RICHARD BOLLING,

OCTOBER 24, 1978.

Chairman, Joint Economic Committee,
U.S. Congress, Washington, D.C.

DEAR MR. CHAIRMAN: Transmitted herewith is a volume of materials on the economy of the People's Republic of China entitled "Chinese Economy Post-Mao." The study has been prepared in the form of a symposium containing a series of selected papers contributed by invited specialists who are recognized authorities on China. The specialists in question have been drawn from the ranks of the universities here and abroad, private research institutions and the several departments of the Federal Government and the Library of Congress. The papers they have submitted, in response to our request, cover a broad range of topics dealing with the recent performance of Chinese economy. Included are economic policy, the defense burden, agriculture, transportation, industry, population, the environment, technology transfer, international trade, financing, and foreign trade.

The Joint Economic Committee undertook an earlier study, the two-volume "Economic Profile of Mainland China," to provide_a basic body of information on the economy of Communist China. In 1972 the committee released a compendium entitled "People's Republic of China: An Economic Assessment." This was followed in 1975 with "China: An Economic Reassessment."

The current study is intended to supplement the earlier studies by a presentation of information and analysis that has become available to the various Government agencies during the last several years.

It is hoped, furthermore, that the facts and ideas presented in this survey of available information will help to shed light on the alternatives facing the United States in ordering our relations with the People's Republic of China within the foreseeable future. The shape of

these relations is certain to be significant both for the internal development of China and critical to the issue of war and peace in the world.

The contributors to the study have been most considerate of our needs and generous in giving of their time and expertise to provide not only basic information but indispensable analytical perspective on this important subject. The individual scholars who have participated in the preparation of the present study are:

William B. Abnett
John S. Aird

Arthur G. Ashbrook, Jr.
Martha Avery

Richard E. Batsavage

Nai-Ruenn Chen

William Clarke

Gordon Cole

Jack Craig

John L. Davie

Robert F. Dernberger
Alexander Eckstein
David Fasenfest

Robert Michael Field

Carol Fogarty
Henry J. Groen
James A. Kilpatrick

Hedija H. Kravalis

Nicholas R. Lardy
Jim Lewek

Philip T. Lincoln Jr.
Stanley Lubman
Kathleen M. McGlynn
Cheryl McQueen
Leo A. Orleans
Helen Raffel
Adi Schnytzer
Jon Sigurdson
Vaclav Smil

Frederic M. Surls
Robert E. Teal
Marina Thorborg

K. P. Wang

William W. Whitson

Thomas B. Wiens

In addition, the committee received the wholehearted cooperation from the following agencies of the Government, private research institutions, and universities:

Bureau of East-West Trade, Department of Commerce.
Bureau of the Mines, Department of the Interior.
Congressional Research Service, Library of Congress.
Economic Research Service, Department of Agriculture.
Foreign Demographic Analysis Division, Department of
Commerce.

Heller, Ehrman, White and McAuliffe, Attorneys at Law.
Intelligence and Research Division, Department of State.
Research Division, Library of Congress.

Department of Geography, University of Manitoba, Canada.
Mathematica.

Scandinavian Institute of Asian Studies, Denmark.
St. Anthony's College, Oxford, England.

University of Uppsala, Sweden.

Department of Economics, Yale University.

It should be clearly understood that the views expressed in these papers are those of the individual contributors and do not necessarily represent the positions of the respective executive departments, the Joint Economic Committee, individual members thereto, or the committee staff.

The Library of Congress made available the services of John P. Hardt, senior specialist in the Congressional Research Service, who helped to plan the scope of the research and to coordinate the contributions for the present study. Ronda Bresnick of the Congressional Research Service assisted Dr. Hardt in this task.

We are indebted to Prof. Robert. F. Dernberger from the University of Michigan who conducted with Dr. Hardt several author workshops during the course of the preparation of the volumes that contributed to its quality and integration. Professor Dernberger also assisted in organizing and conducting critical workshops related to both volumes of this publication. The first volume is entitled "Chinese Economy Post-Mao: Volume I. Policy and Performance." And the second volume, to appear later, is entitled "Chinese Economy PostMao: Volume 2. Recomputation of Chinese National Accounts." This second volume is largely the coordinated effort of R. Michael Field of the Office of Economic Research, CIA, with support from K. C. Yeh of Rand Corp.

We are grateful to Mrs. Ruth Eckstein and the Cambridge University Press for permitting us to reprint a chapter from the last book of her late husband Prof. Alexander Eckstein of the University of Michigan, "China's Economic Revolution."

JOHN R. STARK,

Executive Director, Joint Economic Committee.

CONTENTS

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An Analysis of China's Hard Currency Exports: Recent Trends, Present
Problems, and Future Potential-Hedija H. Kravalis__.

Page

789

The Impact of Most-Favored-Nation Tariff Treatment on U.S. Imports
From the People's Republic of China-Philip T. Lincoln, Jr., and James
A. Kilpatrick

812

The Impact of U.S. Most-Favored-Nation Tariff Treatment on PRC Ex-
ports-Helen Raffel, Robert E. Teal, and Cheryl McQueen_.
Chinese Relations With the Third World-Carol Fogarty--
The Impact of Aid on Albanian Industrial Development-The Soviet
Union and China as Major Trading Partners-Adi Schnytzer___

840

851

860

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