t. EC 7: C445 ECONOMIC DEVELOPMENTS IN MAINLAND CHINA 12-2 HEARINGS BEFORE THE JOINT ECONOMIC COMMITTEE NINETY-SECOND CONGRESS For sale by the Superintendent of Documents, U.S. Government Printing Office Stock Number 5270-01579 Minority: LESLIE J. BANDER GEORGE D. KRUMBHAAR, Jr. (Counsel) JERRY J. JASINOWSKI COURTENAY M. SLATER WALTER B. LAESSIG (Counsel) (II) CONTENTS Proxmire, Hon. William, chairman of the Joint Economic Committee: Mansfield, Hon. Mike, a U.S. Senator from the State of Montana, accom- Scott, Hon. Hugh, a U.S. Senator from the State of Pennsylvania_ Liu, Ta-Chung, Goldwin Smith professor of economics, and chairman, Department of Economics, Cornell University.. Schwartz, Benjamin, professor, East Asian Research Center, Harvard Proxmire, Hon. William, chairman of the Joint Economic Committee: Lattimore, Owen, professor and director, Department of Chinese Studies, Leeds University, United Kingdom_ Wu, Yuan-li, professor, Department of Economics, University of San Francisco; consultant, Hoover Institution; and former Deputy Assistant Secretary of Defense for International Security Affairs _ _ Kallgren, Joyce K., associate professor of political science, University of California at Davis, and deputy director, Center for Chinese Studies, University of California at Berkeley. THURSDAY, JUNE 15, 1972 Proxmire, Hon. William, chairman of the Joint Economic Committee: Hinton, Harold C., professor of political science and international affairs, Dorrill, William F., director, East Asian Center, University of Pittsburgh__ Fraser, Col. Angus M., U.S. Marine Corps (retired), military analyst__ ECONOMIC DEVELOPMENTS IN MAINLAND CHINA TUESDAY, JUNE 13, 1972 CONGRESS OF THE UNITED STATES, JOINT ECONOMIC COMMITTEE, Washington, D.C. The committee met, pursuant to notice, at 10 a.m., in room S-407, the Capitol Building, Hon. William Proxmire (chairman of the committee) presiding. Present: Senators Proxmire and Pearson; and Representative Boggs. Also present: John R. Stark, executive director; Loughlin F. McHugh, senior economist; John R. Karlik and Courtenay M. Slater, economists; Lucy A. Falcone, research economist; George D. Krumbhaar, Jr., and Walter B. Laessig, minority counsels; and Leslie J. Bander, minority economist. OPENING STATEMENT OF CHAIRMAN PROXMIRE Chairman PROXMIRE. The committee will come to order. This morning's hearing is a symbol of this committee's long and continuous interest in the economy of Communist China. The committee's 1967 study of China served to illuminate a subject that had been shrouded in mystery. Relations between the United States and China are in the process of dramatic change. The recent invitations to the President and to the majority and minority leaders of the Senate present striking evidence that these relations are entering a more open and, hopefully, a more constructive phase which can benefit both nations. By way of background, I should point out that our committee has been urged to update our earlier hearings on the Chinese economy of 4 or 5 years ago. Accordingly, we released a second economic assessment of China just last month. This study was intended primarily to bring to light information and analyses which had not previously been available to the public, to the press, or to scholars. It has been enthusiastically received by these groups, and now we are undertaking these hearings to permit scholars and experts to give the benefit of their views to us. and to the public. We intend to hear from a number of outstanding scholars in the field. We are fortunate in being able to start our hearings with testimony from our distinguished majority leader, Senator Mansfield, and minority leader Senator Scott, who just completed a historic trip to mainland China as representatives of the U.S. Senate. Senator Mansfield is an outstanding expert on the Far East. As a professor, he taught Far Eastern history; he traveled in China many (1) |