Liu Ching-Chich, capitalist. He is general manager of five cotton factories, three of which are in Shanghai. Financial benefits: 85 percent of the capital is his, 15 percent belongs to the State. Monthly salary: 670 yuan ($270)—about double that earned by a president or provincial governor. Interest on capital: 5 percent, amounting to 200,000 yuan ($81,300) per year until 1962. He says, “Before, I was the Director General. I still am, but with the difference that in the past I appointed myself; now I am appointed by the government. I have been in the textile industry for thirty-nine years. In 1949, before the Liberation, I went to Hong Kong with a million U.S. dollars and my friend Chiang urged me to establish a factory there. Instead, I handed over the money when I came back, whereas my friend Chiang went bankrupt after several years. Now he is back in Shanghai.”