ABSTRACT

The Soviet revisionist clique turned the clock back by resorting to the wholesale restoration of capitalism, bogging the economy down in difficulties. They squandered away the socialist accomplishments that the Russian people had struggled to achieve under the leadership of Lenin and Stalin. Since 1966, the Soviet National Prices Commission has stipulated the successive implementation of new prices in the textiles, knitting, leather shoes, and food industries, and in heavy industries and other industries, thus substantially raising the wholesale prices of many industrial products. Food, clothing, and daily necessities are in short supply in the Russian market. The black market is rampant. Two currency systems, two kinds of fate: a sharp contrast exists between the currency of socialist China and the currency of the capitalist world. The long-term stability of the People's Currency indicates the vitality of our socialist enterprise, the unsurpassed superiority of the socialist system.