Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of The China Fund, Inc. (the "Fund") are
responsible for complying with the requirements of subsections (b) and
(c) of Rule 17f-2. "Custody of Investments by Registered Management
Investment Companies", of the Investment Company Act of 1940. We are
also responsible for establishing and maintaining an effective internal
control structure over compliance with Rule 17f-2 requirements. We have
performed an evaluation of The China Fund, Inc.'s compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of May 31,
1999.
Based on this evaluation, we assert that The China Fund, Inc. was in
compliance with the requirements of subsections (b) and (c) of Rule 17f-
2 of the Investment Company Act of 1940 as of May 31, 1999, with respect
to securities reflected in the investment accounts of The China Fund,
Inc.
Tom Callahan
Treasurer
