Comments on the Work Experience of the Bank in Jiangyou County, Sichuan Province〔1〕 (December 1959) To be read by all comrades, then returned to Mao. The work in Jiangyou County, Sichuan, has been done well.

Printed according to Mao Zedong’s handwritten manuscript.

Note 〔1〕 These comments were written on Issue No. 232 of the “Briefing on Current Affairs,” compiled and printed by the General Office of the CPC Central Committee on December 14, 1959. This issue of the briefing contained material titled “Arrangements Made by the Central Financial and Trade Work Department for Several Upcoming Meetings,” which stated that the Central Financial and Trade Work Department, along with the finance and banking sectors, planned to convene several meetings within the next one or two months, including a field conference on financial and banking work in Jiangyou County, Sichuan Province. The bank in Jiangyou County had taken the lead in agricultural credit, proactively assisting communes and production teams in securing the necessary funds and means of production. In its efforts to help poorer teams catch up with wealthier ones, the bank assigned dedicated staff to live permanently among the poorer teams, sharing their food, lodging, and labor, and providing ongoing assistance until results were achieved. Regarding savings, the bank actively organized canteen-based savings groups to help residents manage their household expenses. Meanwhile, the county’s finance department adhered to the principle of a fiscal cycle that moved from production to finance and back to production; planning at all levels focused on promoting production development, helping enterprises overcome difficulties in production, supply, and sales, and supporting communes in diversifying their operations. By relying on the Party committees, collaborating closely with all relevant parties, and launching extensive mass movements, they accumulated a wealth of valuable experience. In November, Comrade Li Xiannian listened to a report from a working group of the Central Financial and Trade Work Department in Chongqing and deemed these experiences highly commendable, instructing that the Sichuan Provincial Party Committee be consulted about holding a field meeting in Jiangyou County. The Sichuan Provincial Party Committee has since confirmed that this meeting will take place on December 15. ６2