Welcome to the 90th Anniversary of the founding of the People's Bank of China (c)

Hosted the First National Cotton Conference In August 1949, the Shanghai Financial and Economic Conference confirmed that a special conference of each system should be held after the conference to implement the guidelines of the Shanghai Financial and Economic Conference and the ways to overcome the difficulties. Light of money with Chen Yun in Shanghai to attend the financial conference back to Peking, the Finance Committee soon authorized him to preside over a cotton conference. The cotton meeting was held in the conference room of the first corridor of "Jiu Ye Fu" in Chaoyangmen, the seat of the Central Finance Committee. The meeting runs from September 22 until September 29. Attending the meeting were representatives from Wu Wei Jing (Textile Fiber Specialist, known as "Cotton King"), deputy general manager of Shanghai Textile Corporation and representatives from Hebei, Jiangsu, Henan and Jingzhou, Hubei Province, most of whom were long engaged in cotton employees. The meeting staff Yu Yunting, Cai Chengzu, Wang Watson and so on. The main topic of this cotton conference is to study the issues such as the acquisition and supply of raw cotton, the grading of raw cotton processing inspection, the expansion of varieties of cotton fields next year, the adjustment of finished products and the exchange of urban and rural areas according to the decision of Shanghai Financial Conference. Due to the prolonged war and the stagnation of cotton planting technology, the total national cotton output in 1949 was only 8.89 million tons (444,500 tons), about 1/8 of the total U.S. cotton production in the same year. In 1949, the operating rate of mills throughout the country was very low, and the self-sufficiency rate of raw cotton was less than 40%. In summer and fall of 1949, the mills in the major textile industrial bases in Shanghai, Tianjin and Qingdao almost maintained their production mainly through the stocking of cotton. Since some imperialist countries imposed an economic blockade on the People's Republic of China and restored and developed cotton production, it became one of the most pressing economic problems in China at that time. Under the light of money, this meeting made many positive suggestions and opinions. On September 30, Light of Money made a summary of the meeting: The textile industry accounted for the largest share of the national light industry. In the past, part of the raw cotton relied on supply from the imperialist countries and its cotton production failed to meet the needs of its rapid development. At present, China's major cotton producing areas and various textile industry centers have been liberated. In order to change the colonial nature of the textile industry, maintain and restore textile production in order to promote the economic development of the people and to maintain and improve the lives of the vast textile workers, the solution to the supply of raw cotton is not only a matter of simple procurement but also of the national economy and the people's livelihood. Work of great political significance. After thorough discussions among the participants, it was confirmed that all cotton-producing areas should vigorously step up their efforts in acquiring and transporting cotton and supporting textile production in Shanghai, Qingdao and Tianjin so as to maintain social stability. At the same time, it proposed 4 articles on cotton production to be quickly restored and developed Suggestions: First, to expand cotton acreage, expanded to about 54 million mu in 1950, generally restored to the level of 1936 to meet the needs of existing cotton textile mill production. Second, the appropriate ratio of grain and cotton, tentatively 8: 1, that is, the standard grade (length 7/8 inch, grade intermediate) per kilogram of cotton equivalent millet 8 pounds, to take care of the interests of cotton farmers to reward farmers enthusiasm for production. Third, pay close attention to improving cotton varieties. Select the United States to cultivate the successful Si cotton, Dai word cotton and other fine varieties, as cotton varieties to improve the direction and decided to pay this important task Wu Wei by the cotton experts, please Wu Wei by trying to stay in Hong Kong before the liberation of Si cotton, Dai word cotton cotton species recovered, the rapid distribution of cotton-producing provinces for cotton improvement. Fourth, set up cotton testing agencies as soon as possible to carry out cotton testing. After the meeting, the light of the money will be the meeting and the four proposals written minutes summary report to the Finance Committee. Since the four recommendations mentioned in the "Summary" are pragmatic, specific and operational, they will soon be implemented throughout the country as decisions of the Central Finance Commission. This not only played a decisive role in the restoration and development of cotton production in the early days of the founding of the People's Republic of China, but also played a historic and important role in the later development of the cotton planting industry in our country. Half a century later, Yu Yu-ting, who participated in the conference in that year, wrote the following passage when he wrote the article about the centenary of Qian Lao: "Although the meeting was convened on behalf of the Central Finance Commission, in a matter of days, Under the auspices of the light comrades, the experts gathered a variety of opinions, to be integrated, the formation of a unified will, created a cotton improvement, planting cotton, grain and cotton parity, and even the establishment of cotton testing (institutions), etc. (new situation), can not Not to mention a miracle. "The day after the National Cotton Conference ended on October 1, 1949. In this glorious day, Qian Guang participated in the founding ceremony of New China. Representatives and staff of the Cotton Conference also participated in the ceremony at the Yuhe Bridge in Tiananmen Square under the care of the Central Finance Commission.

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