ABSTRACT

The per mou grain yield increased by 74 percent and the savings of the members of the commune credit co-op doubled. With the education about the Party's basic line, the residents of the Yang-p'u area of Shanghai voluntarily saved grain, water, electricity, and coal; they practiced family planning and joined bank savings programs. K'ung-chiang Street residents formed a mutual aid fund whose deposits had increased twenty times at the end of last year compared with the beginning of the year. Nearly half of the existing bank deposits in the urban and rural areas have been saved in the seven years since the Great Proletarian Cultural Revolution. The deposits of members at the end of 1973 reached 110,000-odd yuan, averaging 172 yuan per household. The bank deposits of China's urban and rural population have become an important source of finance in supporting socialist construction.