Through the continued smuggling of goods into Shanghai, not only Customs revenues have been seriously affected, but the legitimate business is badly hit, according to a report appearing in yesterday's Chinese papers.
The goods, which were first brought into Shanghai without the payment of Customs dues included artificial silk and sugar. Beans, piece-goods, bean oil, cigarette paper and sea products are being smuggled into Shanghai in large quantities in addition to rayon and sugar.
As a result of this illicit trade, prices have fallen considerably in the local market, according to the report. Being unable to compete with the smuggled goods, certain Chinese were reported to have been forced to abandon their business.
Text read from the printed page and cleaned; old type leaves the occasional error.