Communist China's foreign trade; price structure and behavior, 1955-1959.

by Feng-hwa Mah

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback141 pages $35.00 $28.00 20% Web Discount

An analysis of Soviet and Western data to test the validity and explore the economic meaning of Peking's claim that prices in its trade with the Soviet Union have been "reasonable and fair." Average unit values of selected commodities traded between Communist China and the USSR for the years 1955-1959 are compared with the unit values of similar commodities in Russia's trade with its European satellites and in Communist Chinese and Soviet trade with free countries. The data are limited, but for the commodities covered it appears that there is a "China differential" unfavorable to the Chinese. Some tentative explanations are offered for the observed differential.

This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.