Don’t forget thriftiness in times of abundance, increase production and be frugal, everybody must be frugal with grain to support the development of the nation
丰收不忘节约增产不忘节约人人节约粮食支援国家建设
Fengshou bu wang jieyue, zengchan bu wang jieyue, renren jieyue liangshi, zhiyuan guojia jianshe
The Mao quote reads "We must do our utmost to preserve all useful means of production and of livelihood, take resolute measures against anyone's destroying or wasting them, oppose extravagant eating and drinking and pay attention to thrift and economy." It is from the "Speech at a Conference of Cadres in the Shansi-Suiyuan Liberated Area", 1 April 1948. The full text can be found here.