Give Full Play to the Active Role of Loans for Minor Technological Innovation

Luo Rucheng and Shu Jinzhong

Chinese Economy, 1981, vol. 15, issue 1, 87-94

Abstract: At the Second Session of the Fifth People's Congress, when he spoke on the Draft State Budget for 1979, Comrade Zhang Jingfu pointed out that "the State is also prepared to make loan; available for minor technical innovations, to set aside some funds and foreign exchange to develop production and construction of textiles and light industry." What in fact are minor technical innovations loans (hereafter MTIL)? What are their active roles ? We did conduct some investigation in the munici pality of Shanghai about these questions.

Date: 1981
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