By Chad Mitcham
During the interval 1949 to 1979, communist China was once formally pursuing a coverage of self-sufficiency, and the USA and its allies have been formally imposing a exchange embargo opposed to communist China. besides the fact that, this ebook, in response to wide unique examine, demonstrates that China used to be hugely depending on Western/Japanese grain imports. The textual content exhibits that teams lobbying on behalf of Western/Japanese grain manufacturers and similar industries had effectively stumbled on methods of by-passing the embargo. This e-book charts the advanced photograph of the way fiscal kin among China, the West and Japan built in those years.
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Extra resources for China's Economic Relations with the West and Japan, 1949-1979
Regardless, the Chinese leadership agreed on the importance of increasing immediately the application of chemical fertilizer to stimulate greater grain output. 70 Chemical fertilizer production worldwide expanded drastically during the 1950s and 1960s and overcapacity among Western producers was pushing down export prices. They were more receptive to expanding exports through unorthodox methods. The Less Developed Countries (LDCs) became increasingly important export markets, and, whereas they found it difficult to afford foreign chemical fertilizer, their state trading organizations possessed vast buying power, allowing them to promote competition among suppliers, drive down prices in the world markets and win political and economic concessions.
45,722 tonnes] of grain, and it will be consumed very soon. But if . . [instead we] use this to buy the important materials for building . . a factory that annually produces . . [50,000 tonnes] of synthetic ammonia . . the chemical fertiliser produced . . 77 June–December 1956 The size of China’s national grain stockpile peaked in June 1956. In July, reduced procurement, increased domestic sales and a growing volume of foreign exports 22 1949–June 1957 resulted in grain stocks declining for the first time since 1953, and at an alarming rate.
CIRECO’s purchases of Canadian wheat – were] a trial . . [which] convinced their principals at CEROILFOOD that the trade was sound. They therefore wanted to expand and continue it. 3 That same day Henan Ribao reported that the Henan First Party Secretary, Ban Fusheng had criticized the Central government for requesting grain transfers from that province. 4 About this time, Ye Jizhuang became Vice-Chairman of the CCP Central Committee’s finance and economic committee, while the deputy chief Zhu Rongji of the State Planning Commission made a speech questioning CCP rapid development policies.