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Chapter 4 - 1946

Failure to Revive the Economy in the Aftermath of War

Published online by Cambridge University Press:  10 March 2023

Parks M. Coble
Affiliation:
University of Nebraska, Lincoln
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Summary

Early hopes that the economy could be revived quickly were soon dashed. T. V. Soong’s projects strained the budget as well. Japanese reparations were of little help. The foreign exchange issue remained a difficult problem

State enterprises had the upper hand over private firms. Foreign firms found it difficult to do business in China as well. Textiles did well at first but encountered supply and energy problems. Much of the cotton textile industry was controlled by the government, especially mills that had been run by the Japanese during the war and then taken over by the government. Electric-power generation has difficulty recovering. Many plants had suffered damage during the war and could not replace damaged equipment.

At the end of 1946: Had China reached a tipping point?

Type
Chapter
Information
The Collapse of Nationalist China
How Chiang Kai-shek Lost China's Civil War
, pp. 111 - 130
Publisher: Cambridge University Press
Print publication year: 2023

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  • 1946
  • Parks M. Coble, University of Nebraska, Lincoln
  • Book: The Collapse of Nationalist China
  • Online publication: 10 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781009297639.005
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  • 1946
  • Parks M. Coble, University of Nebraska, Lincoln
  • Book: The Collapse of Nationalist China
  • Online publication: 10 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781009297639.005
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • 1946
  • Parks M. Coble, University of Nebraska, Lincoln
  • Book: The Collapse of Nationalist China
  • Online publication: 10 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781009297639.005
Available formats
×