If his investigation had proved that the only formidable competitor was Japan, in view of the present expand: ing world trade of that country large-lyon a price basis, there would have Been no great cause for wonder. What was a surprise was the discovery that in many products those of both the United States and Bur-pean countries could sell for less than could the products of Chinese! industries.
One of the most notable examples of this situation was in the electric] fans. Everyone knows that here in Shanghai, due to a high protective import tariff on the finished goods, is possible to buy Chinese manufactured fans more reasonably than imported ones. But in other markets? An internationally advertised British GE. product could sell for Mex. $4 Yess than the Shanghai product in Manila, a market in which British products bear full import duty.
Nails represented another example of inability of Chinese manufactured Products to compete with those non-Asiatic foreign countries. A price} of $168 CLF. Manila per keg for Chinese made nails was refused as being "too high compared with German nails." An order of 15,000 kegs was at stake. Chinese enamelware could not match the man and Swiss enamelware in Singa pore, or Manila
Text read from the printed page and cleaned; old type leaves the occasional error.