Commencing next year, the Mini-stues of Finance and Economics of the Chinese Government will jointly carry out a plan where by the sale of Chinese native products will be greatly increased in foreign countries in order to create a more favourable international trade balance, Chinese reports state. Already the Government has set aside $50,000,000 for the purpose.
The money will be used to accolorate the efüciency of production of native goods which will be exempted from paying export duty. It is hinted that the Foreign Trade Committee will also help in making the plan a success. The committee is credited with having already decreased the import of foreign goods considerably.
One report states that the figure for imported foreign goods this year has been reduced by 80 per cent. as compared with the figures for 1922, when the peak import figures showed that China bought $867,191,000 worth of foreign goods more than she exported.
Text read from the printed page and cleaned; old type leaves the occasional error.