1. THE INFLATION IN CHINA.
- Author
-
Huang, Andrew Chung
- Subjects
PRICE inflation ,ECONOMICS of war ,ECONOMIC policy ,STATISTICS ,ECONOMIC conditions in China -- 1912-1949 - Abstract
The article focuses on inflation in China from 1937 to 1947. A conclusive study of the development of inflation in China is impossible without more complete data pertaining to the aggregate effect of the wars on China's economy, and it can be made only after the nation has returned to normal. Although the data presented in this paper and the statistics derived there from are not all that one could wish for, they are nevertheless more complete than anything hitherto available, and on a number of critical points, are fairly adequate. The use of these provisional data may likewise find justification in the fact that more definitive figures will probably not be obtainable for many years to come. Perhaps no nation has experienced a more serious inflation than China during the war and postwar years since 1937. In order to survey the current situation, it seems appropriate to review first the manner in which inflationary pressures were set up during the war. In this section the survey is devoted to the developments up to V-J Day in August 1945. Postwar events will be dealt with in the succeeding sections. The movements of prices, as emphasized by the official indices furnish an appropriate starting point.
- Published
- 1948
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