Another significant fact, according] to Chinese circles, is that the raiders longer concentrate on the bombing of Chungking. In recent attacks Japanese aircraft bombed—cities around Chungking, but left China's war-time capital alone. The Chinese attribute this to the fact that Japanese losses in aircraft have been heavy recently in raids on Chungking.
Aside from the belief that the Japanese are abandoning hope of etushing the Chinese spirit of resisttance through the bombing of Chung-King, Chinese and foreign ciretes here alike attribute the present easing. Japanese aerial attacks on Chungking {o a Japanese effort to economise on the consumption of petrol and equipment, particularly following the American embargo on war materials, petroleum products and "aviation Chinese overseas are remitting money to China for fear. of new local control regulations, "2. Banks "et Belligerent nations are selling foreign exchange to obtain Chinese currency In" order "to meet posite wit Shanghai Imports are steadily decreasing. while exports are inerensing. "After settlement, there wil be a tendency t0 supply foreign curren ies over demand. "5. With Chinese pondence growing, the likelineod of 3 ron in the vale of the Chinese Once the war is over, holders of for:
lat" is" becoming less every day.
eign currencies will be compelled Solite-at oficial rater®—euters International Payments,
Text read from the printed page and cleaned; old type leaves the occasional error.