POLICY CHANGE PROMOTES FOREIGN TRADE; SOUTH CHINA TRADE INCREASES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600360585-3
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: July 21, 2011
• Sequence Number: 585
• Publication Date: November 30, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/07/22 : CIA-RDP80-00809A000600360585-3
CLASSIFICATION C~I4dt.
CENTRAL INTELLIGENCE AGENCY
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS
COUNTRY China
SUBJECT Economic - Trade
HOW
PUBLISHED Daily newspapers
WHERE
PUBLISHED Hong Kong
DATE
LANGUAGE
THIS DOCUMENT CONTAINS INFORMATION AFFECTING THE NATIONAL DEFENSE
OF THE UNITED STATES WITHIN THE M[ANIMO OF ESPIONAGE ACT SO
0. S. C.. SI AND SEAS AMENDED. IFS TRANSMISSION OR THE REVELATION
Oi ITS CONTENTS IN ANT MANNER TO AN UNAUTHORISED PERSON IS PRO.
HISITED EI LAW. REPRODUCTION OF THIS PORN IS PRONISITED.
DATE OF
INFORMATION 1950
REPOR
CD NO.
SEl;uklly DATE DIST. 3 o Nov 1950
~AruirirJi7/0N
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
POLICY CHANGE PROMOTES FOREIGN TRADE;
SOUTH CHINA TRADE INCREASES
Adjustment in the relations of state-operated and private foreign
trade agencies has resulted in a marked increase in the export-import
business in North China. Exports of crude rubber from Hong Kong to
South China were 100 percent greater during August than in July. Ex-
ports of iron, steel, crude rubber, and paints to North China in-
creased.
Rectification of prices to encourage the raising of more and bet-
ter cotton were ordered by the Peiping government. Embargo on export
of bean cakes results in price rise.
PRIVATE COMPANIES GET MORE BUSINESS -- Hong Kong, Wen-hui Pao, 19 Oct 50
Reports from Tientsin indicate that since the state-operated foreign trade
agencies have adjusted the relations between publicly and privately operated
import-export businesses, foreign trade in North China has increased. The
value of export and import permits issued by the Control Bureau during the
third quarter amounted to as much as those issued during the first half of the
year, in spite of the fact that July and August are regarded as slack months
for this type of business.
The factors considered important in promoting this increase are: (1) bet-
ter organization of the import-expor?..business; (2) assignment of much more
business to private companies by the various special state companies; (3) care-
ful regulation of export prices; (4) rapid action in making foreign exchange
available to importers; and (5) reasonable adjustment of foreign exchange rates.
The value of import permits being issued to private operators every 10 days,
at present, is reported to be ten times as great as the value of those issued
during corresponding periods in March and April.
Sanitized Copy Approved for Release 2011/07/22: CIA-RDP80-00809A000600360585-3
 Sanitized Copy Approved for Release 2011/07/22 : CIA-RDP80-00809A000600360585-3
With the beginning of the Korean conflict, certain opportunists started
raising prices on imports. The North China Trade Company immediately threw
quantities of imported goods into the market and thus held prices down.
SAYS TUNG OIL SUPPLIES LARGE -- Hong Kong, Wen-hui Pao, 23 Sep 50
The value of tung oil imports to Hong Kong from South China amounted to
19,400,000 Hong Kong dollars during August. Exports of crude rubber to South
China increased 100 percent over July amounting to nearly 6 million Hong Kong
dollars. Exports of iron, steel, crude rubber, and paints to North China in-
creased.
ISSUES ORDER ON COTTON, GRAIN PRICES -- Hong Kong, Wen-hui Pao, 21 Oct 50
Peiping, 19 October (Hsin-hua) -- The Trade and Agriculture Ministries of
the Central People's government have issued an order for the rectification of
cotton prices to bring them into line with the established comparative prices
for cotton and grain. The order complains that in many areas cotton market
prices are below the government prices and cotton growers are thus discouraged
from producing more and better cotton.
BEAN CAKE PRICES RISE -- Hong Kong, Wen-hui Pao, 20 Oct 50
The announcement by the North China authorities of an embargo on export
of bean cake from Tientsin brought about a sharp price rise on the Hong Kong
market.
n
Sanitized Copy Approved for Release 2011/07/22 : CIA-RDP80-00809A000600360585-3
Amar-In