ECONOMIC

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600240130-0
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 5
• Document Creation Date: December 22, 2016
• Document Release Date: July 7, 2011
• Sequence Number: 130
• Publication Date: July 18, 1949
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/07/07 :CIA-RDP80-00809A000600240130-0
?- CLASSIFICi"""1N
W CEIVTRP,L INTELl:IGENCE"AGENCY REPORT
INFORHIATION FROM
F'ORE:IGN DOCUMENTS OR RADIO BROADCAS+~ : CD NO.
COCNTRY Chine
SUBJECT Kccnomio
H04V
PU6LI5hIED Weekly beric~icfll
WHERE'.
PUBLISHEQ Hong Kong
'DATE.
PUBLISHED 12 Msy 19+9
LANGUAGE Chinese
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DATE QiST.`~ui 9~+9
N?, OF PAGES 5
SUPPLEMENT ~'0
REPORT NQ.
TI'115 IS UNEVALUATED INFORMATIJN
SNC.RE.4SED`Il9P(7FiTS ?rP.CM WkST
THREATEA HGNG ROftC? INDUSTR]
7'ho hopes of Honig Kong traders that the new year would bring n conelde~rable
upswing of trade with Harth China and Manchuria imdor Co?aun]et rule have sot
bRan realized. The revarted reasons for this are that the Communists do not
giant a grsst vnrlet.y of gc~da and, es to bartor trade, few goods that the
t:ad.era of Hong Kong can handle are available for import from that crea.
Although the total farAign trade flguree have ripen daring the Piret quarter
to a figure 5ounling the peek prewar figure, the preponderance ~f iem~rts fry
Europe and the Waetd~n Hemisphere throatene to smother Hong Kemg~a ]aduetrine.
Hcng $cmg'e trade reietione with t.ta Chinese mainland were farmerly very
close, but postwar in+,ernnl ccmditions have brouEtht a considerable cheage. Tho
likelihood that within n short time the CCP will rule all China dose not ax,;ur
well for Hong Rong'e trade with the mainland in the near future.
Haug >I;ong authorities have had three main obJectivee with reference to
Hang Song's fareign trade: (1) cut down imports dollar currency areas to lessen
dollar ezohange reauireQante nod seek to band up dollar accounts in trade
with Belgium, Germany, Italy, Portugal, Sweden, and Japan; (2) emtphneize
impaste from sterling arena such as Australis, Tndin, Malaysia, sad Ceylon;
and (3) encourage ezparts to hard currency areas.
The trade figures for the first auerter 1949 indicate the failure of this
policy. Imports from all the dollar currency areas (ezcept for Japan 1n Nrsch)
indionte a trend toward increases. On the other hand, imports from sterling
arse countries, with the exception of Australia, tend *+o be recessive
compared with dollar currency areas.
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First-quarter trado etntletice are given beloy by arena. For Lhirope ea
the ilestern Hemisphere, only the grand totals are given. For all other
areas, total3 t~or eubdivis]ane are given.
Sanitized Copy Approved for Release 2011/07/07 :CIA-RDP80-00809A000600240130-0
 Sanitized Copy Approved for Release 2011/07/07 :CIA-RDP80-00809A000600240130-0
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Sanitized Copy Approved for Release 2011/07/07 :CIA-RDP80-00809A000600240130-0
 Sanitized Copy Approved for Release 2011/07/07 :CIA-RDP80-00809A000600240130-0
7
hOiltYi; C;:' 711 .".
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F.xpot to
imnorr a,~~ nlue
F~i,ort~n b96,o47
Imports 117,7?5
Export. et,:?l~iua 5?0,&5?
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