TRADE AGREEMENTS AND IMPORT OF INDUSTRIAL MATERIALS IN CHINA, 1950 - 1951

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000700130201-2
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: September 23, 2011
• Sequence Number: 201
• Publication Date: September 7, 1953
• Content Type: REPORT

Declassified in Part -Sanitized Copy Approved for Release 2012/02/08 :CIA-RDP80-00809A000700130201-2
ECT Economic - Foreign trade
LISHED Weekly periodical
INFORMATION FROM
FOREIC3N DOCUMENTS OR RADIO BROADCASTS CD NO.
CENTRAL INTELLIGENCE ANION REPORT
DATE
PUBLISHED 11 Oct 1951
LANGUAGE Chinese
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DATE OF
INFORMATION 1951
DATE DIST. ~ Sep 1953
N0. OF PAGES 2
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
SOURCE Ching-chi Chou-pao (The Economic Weekly), Vol XIII, No 15, 1951.
~omment: The following report summarizes an article entitled,
"Hew Developments in the Supply of Industrial Material," written by
Shao Min in the Ching-chi Chou-~ao_ (The Econrmic Weekly), published
on 11 October 1951. T:~e report lists commodities covered in the
trade agreements signed by China in 1950 and 1951 with the USSR, Ger-
man Democratic Republic, Czechoslovakia, Poland, and Hungary_7
A. li?port of Industrial katerisls
Industrial materials such as chemicals, dyes, and metallic ores xere imported
by China from the USSR and Sntellitc countries during 1950 and 1$51; and, ass rt-
ault, state-operated industrial firms~in China were able to purchase materials at
lower costs.
In 1950, China purchn~ed Soviet products which were 20 to 30 percent cheaper
than US and British products; and Soviet-manufactured industrial equipment and
machinery were 30 to 60 percent cheaper than US- and British-manufactured products.
B. Trade Agreements
A Sino-Soviet trade agreement was sued in 1950 by which the USSR t'as to
export goods, such as lndus~rial equipment end material and transportation equip-
ment, to China.
The total foreign trade for 1951 was four times greater than for 1950. China
signed ?951 trade agreements with other countries, which included:
1. A trade agreement with the German Democratic Republic, signed on Octo-
b.ar 1950, by which the Gelman Democratic Republic was to export goods each as
iron and steel, machinery, motors, generators, chemical products, dyes, drugs,
and scientific instruments to China.
DISTRIBUTION
Declassified in Part -Sanitized Copy Approved for Release 2012/02/08 :CIA-RDP80-00809A000700130201-2
 Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP80-00809A000700130201-2 ~
2. A i,rnun agreement with Czechoslovakia by which Czechoslovakia was to
export goods such as heavy industrial machinery, cast-iron products, engines,
motor vehicles, railway passenger cars, chemical products, drugs, and rubber
products to China.
3. A trade agreement with Poland, signed on 29 January 1951, by which
Poland was to export goods such as iron and steel, industrial machinery, motor
vehicles, tractors, chemical products, and industrial materials to Chi: a.
4. A trade agreement with Hungary, signed on 22 Janvary 19$1, by which
Hungary was to export industrial material and construction equipment to China
in exchange Yor raw materials and _ ~sl products.
Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP80-00809A000700130201-2