March 15.
Rapid development of industrial activity is the basic factor in the changes to which Shanghai's econ-comic fabric has been exposed in the last decade. Trade here means more than the important function of dealing with imports from abroad and exports from China to countries overseas. It is concerned, in ever increasing measure, with the handling of the products of local factories, The process of industrialization has thus gone apace. Factory labour and transport workers, as well as small traders, form the hum&n element in this development and to the
Text read from the printed page and cleaned; old type leaves the occasional error.