The Chinese have let it be known since the death of Mao Zedong and the purge of the “Gang of Four” that they would in future draw on credits from foreign governments as well as other sources to finance imports of technology. According to western conjectures China’s capital requirements may...

Shipping and ports are like Siamese twins: neither can live without the other. The trouble is that due to rapid technical progress in shipbuilding it has become difficult to provide the shipping industry with both in the right proportion and at the same time.

Since Mao's death China has greatly strengthened its contacts with Western industrialized states. This year the People's Republic has concluded trade agreements with Japan and the European Community, amongst others. All these activities suggest that China's economic policy is set on a new course.