CCP EXPANDS SOUTH CHINA TRADE CONTROL; COMMUNISTS AND NATIONALISTS RESUME TRADE WITH JAPAN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600300458-0
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: September 7, 2011
• Sequence Number: 458
• Publication Date: April 25, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/09/08: CIA-RDP80-00809A000600300458-0
COUNTRY
SUBJECT
HOW
PUBLISHED
WHERE
PUBLISHED
f1DTC
PUBLISHED
LANGUAGE
Economic - Foreign trade
Daily newspapers
Hoag Kong
21 Feb - 1 Mar 1950
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DATE DIST. $09 Apr 1950
NO. OF PAGES 3
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
CCP EXPANDS SOUTH CHINA THADE CONTROL;
COMMUNISTS AND NATIONALISTS RESUME TRADE WITH JAPAN
STATE
ARMY
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
CLASSIFICATION CONFIDENTIAL CONFIDENTIAL
CENTRAL INTELLIGENCE AGENCY REPORT
CANTON TRADE OFFICE CHANGES NAME -- Hong Kong Shih-pao, 26 Feb 50
Canton -- On 24 February, the Canton Trade Office (Kuang-thou-mao-i-
chl u), announced that the office will hereafter be known as the South
China Area Foreign Trade Bureau (Hun-nan-chTu-wai-mao-ichu).
The change was necessitated by a CCP decision to expand control o
include all the South China area in matters pertaining to the import and
export of commodities.
COMMUNIST CHINA SHIPS SOYBEANS TO JAPAN -- Hong Kong Shih-pao, 1 Mar 50
Tokyo, 28 February -- According to a telegram received here from
Moji, the first 5,000-ton shipment of soybeans of a total of 15,000 tons
ordered, arrived in Moji from Chinese Communist territory. The remainder
is expected to arrive in the early part of March. Payment for the soy-
beans is being made with textile goods which are urgently needed in China.
TAIWAN SETS UP JAPAN TRADE ORGANIZATION -- Hong Kong Shih-pao, 27 Feb 50
Taihoku - The Taiwan Provincial government, on 25 February 1950,
announced the following regulations concerning th.: resumption of trade
with Japan: (1) the Commodity Control Commission shall organize a Japan
Trade Subcommittee which will administer all trade with Japan; (2) the
regularly scheduled ships going to Japan shall carry as much sugar and
salt as possible, and freighters shall carry salt and bananas; (3) Taiwan
businessmen shall go to Japan to encourage trade between the two countries;
and (4) in regard to the exchange rate, the Taiwan Bank shall try to re-
lease f^ozen foreign exchange, establish a branch office in Tokyo to main-
tain close liaison with foreign banks, and endeavor to change gradually
the existing barter system into a free foreign exchange system.
NSRS
FSI
CONFIDENTIAL ?~1 lw-
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CONFIDENTIAL
CO N3IX8T8 SELL PELTS FOR FOREIGN EXCHANGE -- Hong Kong Wen-hui Pao,
21 Feb 50
Tientsin -- To secure increased amounts of foreign exchange for
national reconstruction, the government agency, the North China Hides
and Furs Company, is purchasing from the interior large quantities of
skins and pelts of various kinds which are sold to exporters in Tient-
sin.
From September 1949 to the end of January 1950, this company cold
to axnorteri 510,500 kidskin at prices from 57 to 60 cents per piece,
37,000 lambskin crosses, and 20,000 muskrat skins. Quite recently,
the company sold 85,000 kidskin to four'foreign firms at prices
ranging from 46 to 46 cents per piece. Most of these skins were ex-
ported to the US.
NORTE CHINA TO EXPORT LOCAL PRODUCTS -- Hong Kong Wen-hui Pao, 25 Feb 50
During the 3 months subsequent to its establishment in September
1949, the North China Local Products Corporation bought and sold a
total of 28,890 tons of peach kernels, black dates, almonds, apricot
kernels, bean cakes, black beans, hemp, pepper, herbs, and other local
products. Of this, 13,000 tons were exported.
In North China, 28 percent of the farmers' income comes from such
local products. The present output and possible future expansion of
those products are as follows:
The current annual output of hemp and jute is about 23,400 tons,
Just enough to supply the domestic need. However, in 1932 and 1935,
Jute exports totaled 14,300 tons and 6,500 tons, respectively, therefore,
this field can be greatly improved.
Peiping produces 5,200 tons of vermicelli annually; a little is
produced in Shantung Province. While slightly more than a ton was ex-
ported in 1935, the total export in 1949 amounted to 2,171 tons, the
largest amount exported in the history of China.
All of the 5,670 tone of peach kernels produced in North China can
be exported. About 190,000 boxes (equivalent to 6,175 tons) were ex-
ported in 1937 from Tientsin, while in ordinary years the average was
about 140,000 boxes.
The total sweet and bitter almond (apricot kernels) output is ss-
titvted to be about 2,600 tons yearly, at present, .+lthough in one year
6,500 tons were reported to have been exported. This item can be greatly
The pepper produced is mainly for domestic use. Before the war, the
annual output was around 3,250 tone, but it decreased to 1,235 tons in 1949.
Herbs are produced everywhere in North China; in fact, there is over-
production. The problem for this industry now is to find a market. The
aggregate annual export of these products is probably not more than 39,000
two. The establishment of standards to improve the quality of the prod-
ucts available for export is one way to obtain a larger foreign market.
CONFIDENTIAL
CQNFIDEIJTIAL
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c0 MF! ENTIAL
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CONFIDENTIAL
TIENTSIN BANK SIMPLIFIES FOREIGN CURRENCY EXCHANGE -- Hong Kong Hen-hui Pao,
21 Feb 50
Tientsin -- On 7 February, the Tientsin Bank of China notified all
banks authorized to handle foreign currency exchange of revised exchange
procedures. The new procedure, effective immediately, eliminates the
necessity of applying for exchange a day before the trade, and grants
exporting merchants one-day service.