In the first month on the 20th (Chinese New Year), February 10, 1947, in Shanghai "gold trend. Shanghai public


rush to buy gold, the Kuomintang government bent ready to civil war, the people of the Kuomintang-controlled areas economy generally are not optimistic. Immediately be reflected as a barometer of the economy's financial. This Gold surges ferocious. February 1, 1947, the price of gold rose to 406,000 yuan per two (old currency), the ratio of the U.S. dollar legal tender reached 1:7700, compared with the middle of last month, soared 10%; February 8, the price of gold day five up every two of the last closing price of gold exceeded 550,000 yuan; February 10 rose to 960,000 yuan. the currency currency plunged
law led to the prices of other essentials, household the foreign goods generally rise 1 times the price of rice Soars. February 8 the Shanghai Price Index is 1.2 times the pre-war. Accordingly, the financial frenzy triggered by the Shanghai quickly spread to the entire country ruled areas, First, Tianjin, Nanjing and other cities, a large number of people to buy gold dollar bills, frenzy, then Zhenjiang, Jiaxing, Huai'an, small and medium-sized cities to follow suit.