Washington, Aug. 10, China was complimented on the execution of her recent monetary programme by the United States Department of Commerce in ils world-wide review of economic conditions to-day.
"On the whole, the new currency plan has been operated successfully," the Department asserted, "and while, thus far, it has not been perfected in all Us details, the Government strengthening its operation by appointing from time to ume such boards and promulgating such additional regulations as tend to promote is effectiveness.
China's monetary programme, when inaugurated last November, the survey continued, caused on imme-late improvement in banking circles, "although the increased prices of commodities and of copper coins had an adverse effect on the masses."
Significant developments affecting China's economic programme 1995, the Department pointed out, included "the substantial: advance political consolidation, combined with the undiminished activity of Ite Programme for reconstruction and the rehabilitation of the. principal economic agencies. Both' were achieved in spite of continued handicaps, Internally, the Department eaid, "the country enjoyed an even greater measure of peace than in 1634, while a large proportion of its areas came under the effective administra tion of the Central Government, Communism in China was kept "under fairly good control," the Department of Commerce asserted, In addition, the survey noted that the promulgation of the new Chinese constitution is expected to end the present period of political tutelage under a one-party system and to make way for a system of representa tive democracy.—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.