Private Japanese manufacturing industries in China are, on the whole, doing well. Many, whether of Japanese origin or of Chinese origin under Japanese management, have been fully employed for almost a year, and are yielding large profits. Japanese cotton spinning in Shanghai is particularly prosperous. The Dai Nippon spinning company, one of the Big Three in Japanese cotton milling, last year earned net 40 per cent. of its capital, half of the profits coming from the company's China plants, The Toyo and Kenagefuchi cotton concerns obtained over one-third of their 1939 profits from spinning and weaving activities in occupied China. Satisfactory earnings are reported also by Japanese private metalware, soap and chemical plants in occupied China.
Text read from the printed page and cleaned; old type leaves the occasional error.