Conversation between Stalin and Mao concerning a proposed treaty of friendship and alliance between the USSR and China. Discussion includes: the prospects of future Japanese aggression, the Chinese-Eastern Railway (Mao and Stalin disagree on who should run its administration), the Port Arthur agreements (including the question of the port of Dalny), and economic cooperation. The economic cooperation focuses on a Soviet credit program for economic development in China, as well as the question of arms shipments to China. There is also discussion of Tibet.

Mao thanks Stalin for sending over Ivan Kovalev to help with economic struggles in China. Mao asks for materials with which China may build railroads.

Dialogue between Zhou Enlai and Vyshinsky on the currently friendly relations between the Soviet Union and China. References are made to trade as pertinent to the Chinese railways, harbors, and the necessary additions.

Anastas Mikoyan and Mao Zedong discuss the independence of Mongolia, the independence movement in Xinjiang, the construction of a railroad in Xinjiang, CCP contacts with the VKP(b), the candidate for Chinese ambassador to the USSR, aid from the USSR to China, CCP negotiations with the Guomindang, the preparatory commisssion for convening the PCM, the character of future rule in China, Chinese treaties with foreign powers, and the Sino-Soviet treaty.