China's Small Percentage of the Total of might be possible in_ periods of in-with Chinese least development ona large|in the initial stages a considerable scale.
Jamount of control by the British (Approx. interests concerned, and aid and in imports of Mach [comity of nations and so contribute {othe Dronperity of the world. jo whole, The most highly develov-Jed countries in the world have very 000) struction by British technicians. imports of etn anal Sad lo Ee art Ing enrene|trttl spect asd "ea-operen and China progresses she will need suca|able social exchange, and bases for large trade relationships, consid the period 1991-2 la issued by the Department of Overseas Trade the Report ort:
A valuable Keyort 04 the Trade and Economic Conditions in Chine for) roe onl 000,000]ing degree, until, the time comes|much greater.th when she may make sound loan ar-undeveloped countries. have oer, ant wing been prepare shanghai and' dtr. G, Clinton Pelham, is Reale, HBM. Commercial Covsellor at 1 Commercial Secretary at Hongkory ant Inetutes an annexe on Trading Conditions in Manchuria by Br. J. C.-Hutel Comimerciat Soe Py in Harbin ted September, 1933, information towhich will be abwnel ty woeful to the. hua extracte from notable passages tu the below. The Bepore ea a whole wan tivenseed in Tt may be well to point out at} once that, contrary to the belief eld by" many, "the developed miuirket—indeed the entire of China with ver tion to populati oinpared with any other sizable World mart oe the world 'The trading nations of the worl have little or no contact with the millions of Chinese beyond' the treaty ports, cee trading article Remit one trend of tks Chapter Vets out in detail impart and ex-
success, striking and widespread as] years, from which it will ort "Trade during "the pert four
China. "Te would be a mistake, hoW- shure "of the imports averaged may be guid in time by thet while the United—Kingdom be seen
ever, to suggest that too. quick a from 8 per cent, to 11 per cent, of transformation from the old to the the total, the share of the British new is cither possible or desirable [Empire asa whole averaged about for China, except in regard to what 35 per cent. The two most import may be termed the mechanism of fant trading countries, however are economic development. Before the Japan and. the United. States vast human ingredient of China can America, Japan by the suitability an creased abd improved means of com become profitably productive, in-tele of her. merchandise and he: proximity to the market is ion must be provided. This Supplier, while America in the form of railways and lof" cotton, wheat, tim rangements based on full security|fore, with increased industrial act swith the knowledge that control by vity and enhanced purchasing power her own managers and operation by the Kind and style of China's foreign her own technicians will be efficient trade may change, there can be no jand adequate to ensure a proper doubt that the volume wil increase. return on the capital outlay, and Important -pasgages "in. the repayment of loans within reason-port discuss the Finances and Gov lable periods and on duc dates. ernment of China, After presenting There. was a time when, owing the Balance Sheet of, the. Minister to misunderstanding, there was fear of Finance and- quoting from his jin China that control by British Speech, the Report goes on: managers and technicians in enter. is Impossible to foretell How the prises into which British capital had balance sheet will look for the finan-Chi detriment and political! been sunk would tend eventually to dal year ending June, 1939, but, in subject During the last wy[been estimated at $678 million Hew" of the F460 that inegne hay pears, however, the United Kingdon lonly small decreases. in expenditure as" made manifest, and China fare expected it seems. most likely realised, that' the mutual interest that some expedient will be neces lof the two countries. lies solely in the benefits to be: derived from' unsary in order to balance the budget. Tt must be noted that these balan: hharpered commerce, and it is an leed. budgets "take no account of is usual to speak of the great one of the two. first potentialities of China as a market needs of China. The other for the goods of other countries, Befor capital, foreign and fore that condition is reached the domestic, a subject which hax been market must be created by the discussed at length elsewhere. and a ood measure of assistance und guidance in the Capital is Shy development of communications and industries in China _The physical means of distribution are lacking and capital to pro-There can be no question of a vide what is necessary ix shy beading industrial and other develop-established educational scheme cause of insecurity.
Stents The two must automatically Throughout the whole of China be interdependent, An impetus to not more than 8,000 Tiles of rail-the development of communications way are in existence. Without more facilities of communication the trade and industries Will create a further need for the education of people to of, China can increase" but lite China Would almost certainly yield ler good management railway; engage in the' new, activities, "but this need will be fulfilled through 8 handsome revenue on the invest-consequent ability of an increasing ineveasing, purchasing' power and ment of further capital, but capital will not be attracted unless security number of the people to spare and good management prevail. and money for the purpose of study, Love of learning has been inherent It is worth repeating that the out: inthe Chinese race from ancient standing feature in the economy of times and education is limited only Chinn today. is the. desie—one by the present economic necessity of might with troth call it the definite dares. to tail assiduously for plan—to become self supplying. in mail vaward! which provides, but the barest of food and shelter and the every day needs in manbfactared goods. "This intention is as strony Teaves. no. surplus for cultural or ly in evidence by private interests as educational pursuits, by the Government. An equally strong policy in regard to agricul:
China in World Trade ture is essential.
Shave of World Trade—In 1929 The greatest progress in local the total foreign trade of Chit production has undoubtedly been in punted for only 2.12 per cer cotton piece goods. The cotton the total trade of the world, When dustry Is the leading factory indus-it is realised that nearly one quar-try in China to-day. The decline in ter of the world's population is in the imports under this heading is Chinn the undeveloped nature of the largely due to the increasing volume trade of the country is at once apof locally produced cloth. Thus it is, recorded at of, the that the PAWhet are the possibilities of rent, Kinds in {932° wan bat Sip per cents rts of cotton piece Koods of a China in, trade and industry? Not withstanding the fact that the value the Value in 1929—a 60 per ce of the, import trade increased five inthe" past four year times in the per 1031, it is Enamel and metal ware, mac' till true that trade all and is chemicals, clothing ad" bail dificult and native industries lane other industries "Reason for Small Trade—This ni producing merchandise for local consumption in successful condition is not in the main due to competition with imported goods: world depression. It is due very China also is an exporter—albeit Largely to lawlessness and insecurity modest "one "as. yeteof man} within the country. lasses of manufactured good!
China should rear on her agricul-Th strength and wealth of hosiery, electric lamps and Att lass, gramophones "nnd. reco ture, Yet in 1982 no less than 20 pi organ, matches, "reaps, fr'vhat year amounted to £102 mile cent. of the total imports (which
Hone) consisted of wheat and rice, fooustulfs-—thus one-third of the loper gent of gay and othe {otal imports from abroad were Ye= tilted to feed a very poor people—a Feople with probably less present sty hon ay fo Exchange their cement, leather' goods and hollow: Ware. "The total value of exports {rom China in 1930 of Chinese made Roots amounted" to. 758" million Haikwan Frels (28,000,000 approx! mately)
Text read from the printed page and cleaned; old type leaves the occasional error.