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China
Vice Chairman Li siad that this was a very good question. was now adopting an open door policy to other countries and
In so doing it trying to absorb advanced technology from them. had to be careful to reject corrupt and "bad" things from these societies. It would be an admission of the CCP's incompetence if it failed. It was giving very special attention to this question. If China adopted a policy of seclusion just because it feared China's being influenced by the "bad" things from outside this would be a comment on the total incapacity of the CCP. China had in the past suffered because it had adopted the policy of exclusion of foreign interests. China would borrow foreign loans but up to now China had not borrowed very much, unlike Poland. There was a difference between China and Poland.
While China borrowed according to its own capacity to pay. relying on its general policy of self reliance it would borrow
In Poland foreign loans but not beyond its capacity to pay.
In particular, the there were of course other factors involved. Soviet hegemonists were attempting to control Poland and there were also economic set backs and economic mis-management in the country at large. But it had also borrowed too much until now it owed US$26 billion which was about 70% of its GNP (?)
Mr Innes returned to the subject of unemployment and inflation and asked for Vice Chairman Li's comments on this, He also asked where the economy of Taiwan and Hong Kong fitted into China's overall economic situation. What changes would be brought about if China took over control of Taiwan and Hong Kong Vice Chairman Li said that if the economy could be appropriately balanced and there were fewer set backs caused by over-ambitious policies then inflation could be avoided in the main, in the future. China recognised that it had unemployment but also if it succeeded in its económic readjustment program then there would be many jobs created. This included jobs in the rural ared more 800 million people currently lived.
With respect to Taiwan, Vice Chairman Li repeated that Taiwan was a province of China and it was a question about which He recalled that in all the Chinese people were very concerned. 1894-5 Japan had occupied Taiwan. If they had occupied it 100 years from then on, then this would have affected Sino/Japan
Vice Chairman Li said that relations for a further hundred years. he was saying this to indicate the strong feeling of the Chinese population about Taiwan. A number of Americans said that they had special sentiments about Taiwan but this was insignificant in the face of the feelings of the whole Chinese nation and people, China had to face up to the realities of the situation in Taiwan and so it proposed that the only condition which should be satisfied before Taiwan was united with the nainland was that
If that the Taiwanese regime drop the title "Republic of China". condition was met China would promise to maintain the status quo, the current level of standard of living would be maintained and be able to increase steadily, private ownership and foreign investment would be fully protected and post and telegraphic communication links between the mainland and Taiwan could be re-established. With regard to the prospect of an independent Taiwan the Chinese people would never allow it and he believed the people of Taiwan would never agree. They also admitted that