This report provides a brief summary of China's economic policy, and tactics the Chinese government uses to reduce inflation of Chinese currency.

This report discusses a list of economic sanctions that the United States currently maintains against China. The influence of Congress on U.S. policy toward China, once significant because so much hung on the annual possibility that favorable trade terms could be suspended, has more recently been diffused. Sanctions that remain in place today can all be modified, eased, or lifted altogether by the President, without congressional input.

Text describes action on various war fronts: Jap advance lines cut -- U.S. bombers in India -- Jap defeat in China -- Tribute to team work -- Tokyo raid confirmed -- Axis attack forecast -- Subs in St. Lawrence -- Plan relief corps -- WAAC bill passes -- State laws 'brake' war -- Deal at Martinique -- Raid Jap settlements -- Peru's president here -- Freight by plane -- Gas rationing starts -- Indies fliers here -- British announce war casualties -- R.A.F. pushes attacks -- Gort to Malta command -- Mission to Africa -- Spring offensive on -- Norway plant wrecked. Large world map is keyed to text and illustrates time zones around the world. Inset map shows German and Russian advances near the Black Sea. Includes photographs: Lt. Gen. Stillwell -- Vice Pres. Wallace -- Lt. Gen. Somervell -- New bombs piled underground awaiting delivery -- Lord Gort -- Russian troop answer the Nazi assault -- British troops practice street fighting tactics. Includes 1 cartoon.