NORTHEAST TIMBER REACHES TIENTSIN; GOVERNMENT TRADE COMPANIES MAKE PURCHASES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600350450-3
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: August 23, 2011
• Sequence Number: 450
• Publication Date: October 16, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600350450-3
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COUNTRY China ~
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SUBJECT ?conomic -Trade ~ ,!;
+IQ{~OR~tl6~1 '1950
HOW
DATE bIST, `Oct 1950
PUBLISHED Daily newspapers
WHERE
PUBCISWEQ~ China
N0, OF PAGES 2
BATE
PUBLISHED 29 sun - 10 ?ep 1950
LANGUAGE Chinese
SUPPLEMENT TO
REPORT N0.
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betasen publicly e,nd privately operated enterprirar.
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~_. Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600350450-3
 Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600350450-3
exchange to be used to buy foreign exchange for imports. Accounts extent be-
fore that date may still be used for the purchase of foreign exchange.
Ne.TIVE PRODUCTS COMPANY MAILES HEAVY PURCHASES -- Hong :ong Wen-hui Pao,
3 sep 50
Hankow, 2 September '.~by wire) -- The Native Products Companies of Cen-
tral and South China on all levels .ave been spending many billions of yuan
for all sorts of local products, particularly agricult~!ral products, and
thereby have aided many famine sufferers oaer their difficulties as well as
elevating the economic level throughout the area. Bristles, tea, and raw silk
producers, whose business has been in the doldrums for some time, have been
specially aided.
Stabilization of prices and ad,justmer_t of the relations between publicly
operated and privately operated enterprises has resulted in a spurt in Hankow
trade. Imports amounted to 58.49 percent and exports 41.51 percent of the to-
tal trade for Hankow. There was an increase in the value of private imports
over last month of 47.8 percent. Private enterprises provided 90.27 percent
of the goods destined for foreign export during July (a 42.23 percent increase
over June) whereas publicly operated enterprises showed a decline in foreign
export trade to only 9.73 percent of the total.
Tung oil accounted for 86.83 percent of the total export goods with bris-
tles second.
CONFIDENTIAL
Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600350450-3