(8) _China's silk weaving industry:—Practically all the silk weave ing factories in Hangchow, China's leading silk weaving centre, have suspended business on account vf the lack of and high cost of raw silk. The great customers of China's manufactured silk goods are Annam, Korea, and the. South Asiatic Islands. But China's. silk months because of the heavy import] duties imposed by the governmental of these countries on Chinese goods. The Korean Government is said ta have imposed a 100° per cent, port duty on China's silk products, At the same time, native weaving factories stand to lose from two to 16 cents per foot of manufactured ilk goods on account of high prices.
(6) China's cotton weaving dustry:—There is not a factory in China which can turn out fine cote ton yarn for the weaving of good ality cotton goods, so this raw material has to be imported from foreign countries. Again, on account of unfavourable exchange, rates, native merchants are unable to take delivery of the raw material which they had ordered and it is feared that the business will become paralyzed, PAG) China's hosiery industry:—The raw material for this industry is, like cotton and wheat, also ime ported from abroad—Japan. On account of the silver slump, small factories are unable to buy foreign raw materials, so many have been forced to close down. The bigger ones, it is expected, can carry on only'up to the end of March.
Text read from the printed page and cleaned; old type leaves the occasional error.