Contrary to common belief, Japan is not the major purchaser of North China's export commodities, Almost half of North China's exports. by value. were shipped to the United States during 1940. On the other hand. it is possible, in fact probable. that- not all of Japan's imports from North China have been recorded in the trade statistic of North China. This is apparent when a comparison of figures presented by the Chinese and Japanese customs administrations are compared.
Text read from the printed page and cleaned; old type leaves the occasional error.