The Archive · 1929

Chinese Handling Own Trade

US. Department of Commerce on Notable Development NOON, SPECIAL service Washington, June 30.

An official. publication of the Department of Commerce described a:

"notable development" the increasing participation of Chinese firms in foreign trade which was until recently handled almost entirely by non-Chinese.

This publication, issued yesterday, emphasized the competition and Increasing importance of Chinese imports, Exporters said that the establishment of Chinese. cotton mills bad hastened this tendency.

'A leading automobile manufacturer recently made a private an-Rouncement, according to the publication, that he was placing agencies jn'the hands of Chinese firms wherever conditions permitted.

'While this situation was not seen as dooming foreign firms in China, it probably foreshadowed the grad-val disappearance of the smaller' foreign concerns in the smaller' ports, in the opinion of the Depart-

Text read from the printed page and cleaned; old type leaves the occasional error.

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