February 14, 1947, members of the legislative Yuan push Song Ziwen to resign. Around the same time, Fu Sinian denounced Song and his family's capital. The failure of economy was one of the essential reason for KMT to lose China. Many people accused this failure to the Kong-Song families which directed economic affairs at that time. In fact, the important figure, Song Ziwen, was familiar with international affairs thus the failure should have more details to explore. After many years' simple blaming, nowadays scholars could discuss his policy thinking with less emotions. For details you may refer to our Bulletin: Cheng Hwei-shing, "From Controlled Economy to Open Markets: The Foreign Trade Policy of the Post-War National Government".
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