Hon. William, chairman of the Joint Economic Committee: , Owen, professor and director, Department of Chinese Studies, University, United Kingdom.... n-li, professor, Department of Economics, University of San co; consultant, Hoover Institution; and former Deputy Assistant ry of Defense for International Security Affairs. Joyce K., associate professor of political science, University of nia at Davis, and deputy director, Center for Chinese Studies, an PROXMIRE. The committee will come to order. orning's hearing is a symbol of this committee's long and is interest in the economy of Communist China. The com967 study of China served to illuminate a subject that had uded in mystery. ns between the United States and China are in the process of change. The recent invitations to the President and to the and minority leaders of the Senate present striking evidence e relations are entering a more open and, hopefully, a more ive phase which can benefit both nations. of background, I should point out that our committee has been update our earlier hearings on the Chinese economy of 4 or ço. Accordingly, we released a second economic assessment of t last month. This study was intended primarily to bring to 'mation and analyses which had not previously been available blic, to the press, or to scholars. It has been enthusiastically by these groups, and now we are undertaking these hearings scholars and experts to give the benefit of their views to us e public. end to hear from a number of outstanding scholars in the |