In spite of dimculties created by war-time conditions, China's economic. vigour is shown the large trade increases in. the January Import and export. ures as recorded by the Customs. 'During that month, imports. totaled $24,500,000 and exports '$07,400,000 as compared with the totals for January, 1098, which were imports $89,000,000 and exports $49,000,000. Of course, in view of conditions it is' difleuit to analyse these figures for a number of reasons, [but the conclusion can be drawn that however rear has been the shock fo the country's econo: tale system those great powers of recovery, tra-Sitional to China's commerce are. aszerling themselves as time and experience provide the opportunity for readjustment. Speaking at the Jannual meeting of the Hongkong and Shanghai Banking Corporation at Hongkong. on February 25, Mr. TH. Pearce, Chairman, said 'The xcneral disorganization and dislocation of trade and industry in China during the past Year Fecessliated constant adjust tine withthe. changing 'Secupled the' ports of Wel, Amoy' and Canton. They advanced UP 1 Yanaize Beyond Hankow to" Yochow and. for Yarying periods Wenchow." Foochow, "Ningpo, Swalow abd other Southern ports were closed for ne reason or another. Shanghai Tentsin and Chin Sranglao were the only treaty ports on the. China east wich. were nat sublet liber to chore et ment help but often without means of moving goods In conditions with Which they were confronted, fact the volume of some Important exports was fnaintained at a level well up to average years.
Coming from such an avhority, this is an encouraging survey for it places in proper perspective those factors which dominate commerce, and if the January figures are any guide 'a beter year is ahead for Chino. ing-sing-eht-chow-kan $F $k Int X18 30)
Cunvese $24 ren ANNUM, $050 Pen COPY
Text read from the printed page and cleaned; old type leaves the occasional error.