ABSTRACT
The diplomatic, parliamentary, and commercial missions have been succeeded by scientific and medical delegations and political, economic, or administrative study groups. During a trip to the People's Republic of China, a group of young officials from the National School of Administration was able to have several extremely interesting meetings, especially in Peking, with two experts from the People's Bank. One of the goals pursued consistently by Chinese monetary policy seems to be a search for adapting solvency to the quantity of available goods. The adjustment of the offer of cash is accomplished, on the one hand, by a detailed examination of demands for business credit and, on the other hand, by systematic encouragement of individual savings. It appears that the Chinese monetary system has proven its efficiency since 1949. Since the end of the Cultural Revolution, the People's Republic of China has slowly been opening up.
