Vol. I, No. 1 December 31, 1946 THE OBSERVER The Draft Constitution--an Issue of Discord By Charles Lin Why Democratic League and Communists Boycott the National Assembly By Chang Li-ping Behind the Sino-American Commercial Treaty By Ch'en Feng A Brief Introduction to Chinese Music By Chao Feng PRESSMEN'S FORUM THE CULTURAL CIRCLES ON CHINA SOIL Vol. I, No. 2 January 14, 1947 READERS' FORUM THE OBSERVER One Year in China The Protest A General Collapse Facing China's Urban Economy Bureaucratic Capital A Fundamental Problem of China's Rural Economy China's Labour Representative, Chu Hsueh Fan ON CHINA SOIL A Nation-wide Students Movement War Devastates the Countryside Full Support to Students' Demands PRESSMEN'S FORUM Chinese Newspapers on American Articles in China Chinese Woodcut THE CULTURAL CIRCLES EVENTS IN BRIEF Vol. I, No. 3 January 28, 1947 THE OBSERVER January Thirteenth China's 1947 Budget A Review of China's Civil War Chinese Civil War--Made In USA The Yellow River--China's Sorrow The People Demand Withdrawal of US Troops ON CHINA SOIL ……