Reporting that the value of the ruble was decreasing in terms of the American dollar and the Chinese yuan because the exchange rate of the ruble in yuan is calculated through the American dollar; the value of gold on the black market; and that an agreement should be established between the People's Bank of China and the National Bank of the USSR on the settlement of the non-trade transactions between the ruble and the yuan in line with the price of gold, independent of the US dollar.

Ambassador Roshchin passes a message from Mao to Stalin regarding the Chinese deployment of troops to Korea.

In the course of the discussion the matter of the proposed purge by the Chinese government of foreigners in Manchuria was raised. Luo Ruiqing said that the Chinese government intends to purge a series of regions of the country of unreliable elements: Manchuria, Qingdao, and Beijing. In the course of two years from these regions all foreigners of imperialist states will be deported. It’s more difficult to address the matter of local Soviet citizens. Among these local Soviet citizens there are dispersed columns of openly and secretly hostile elements, who have conducted in the past or carry on now espionage activities against the USSR and the Chinese People’s Republic.