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The following excerpt from a personal letter to one of thc editors is published with the writer's permission. It reflects impressions gained on a two-month visit to China last fall with an Italian delegation. Mr. Sylos Labini is Professor of Economics at the University of Catania, Sicily, and one of thc outstanding members of the postwar generation of Italian economists. He has studied at Harvard in this country and Cambridge in England, and is the author of an important study Oligopolio e Progresso Tecnico (Ologopoly and Technical Progress) which is now being translated into English and will be published by the Harvard University Press. —The EditorsThis article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.