The Archive · 1940

Foreign Competition Feared

Even with such special privileges, "hose concerns are expected to receive severe setback if the Yangtze is opened to general traffic, says the Japan Times," as Chinese and third-power industries and traders in the Yangtze valley have the advantages of cig capital, long tradition and a firm foothold.

Hence it is being urged that the japanese concerns should be merged into a strong special corporation, with a large capital supplied by the Japanese Government and powerful Japanese interests, to exercise control over the various Japanese industrial and commercial establishments /in the Occupied areas in China 19 enable them to meet such competition, In connection with this plan to monopolize Central China exports, a Sino-Japanese Hemp (Ramie) Corporation is planned, and a financing syndicate, composed of the principal banks in Japan, is being formed to make a loan of Y.25,000,000 to the parent concern, the Central China Development Corporation,

Text read from the printed page and cleaned; old type leaves the occasional error.

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