China. (Communist Conquest & Post War Inflation). Illustrated Registered Air Mail envelope addressed to France bearing 'Communist Conquest & Post War Inflation' SG 861, $200 on $4 blue, SG 895, $5,000 vermilion and green, SG 905, $27 blue, SG 906a, $20 carmine, SG 947, $500 olive, SG 948, $1,000 scarlet and green, SG 949, $2,000 red-brown and blue, SG 950, $5,000 black and orange and SG 978, $500 on $20 apple-green (5) tied by Tsingtao date stamp '29th Aug 47' with matching registration label and 'Par Avion' label. Colouful franking cover from the Communist Inflation period.
Japan surrendered to the Allies in August 1945 and a race ensued between the Nationalists and Communists to seize control of the former Japanese Occupied areas until the Communist victory at the battle of Hwai-Hai in January 1949. During this period inflation increased rapidly until the introduction of the Silver Yuan in May 1949.