ELECTRONIC DEVICES TOP HONG KONG EXPORTS TO CHINA; NORTHEAST TRADE AGENCIES REVEAL WEAKNESSES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600340760-0
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: August 16, 2011
• Sequence Number: 760
• Publication Date: September 21, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/08/17: CIA-RDP80-00809A000600340760-0
CLASSIFICATION A NTELLIG "Off ID`G NCl SRFIIDEW
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
COUNTRY
China DATE OF
INFORMATION
1950
SUBJECT
HOW
Economic -- Trade
DATE DIST. 2/
Sep 1950
PUBLISHED
WHERE
PUBLISHED
Daily newspapers
Mukden; Hong Kong NO. OF PAGES
2
DATE
PUBLISHED
4 Jul - 23 Aug 1950
LANGUAGE
SUPPLEMENT TO
Chinese REPORT NO.
THIS DOCUMENT CONTAINS INFORMATION AFFECTING THE NATIONAL OFFENSE
Of THE UNITED STATES WITHIN THE MEANING OF ESPIONAGE ACT SO
0. S C.. 11 AND SE, AS AMENDED. ITS TRANSMISSION OR THE REVELATION
Of ITS CONTENTS IN ANT MANNER TO AN UNAUTHORIZED PERSON IS PRO.
VISITED RT LAW. REPRODUCTION Of THIS FORM IS PROHIBITED
ELECTRONIC DEVICES TOP EONS KONG EXPORTS TO CHINA;
NORTHEAST TRADE AGENCIES REVEAL WE.ARNESSES
Statisticz reveal that, the most important expert item shipped from Hong
Kong to the Chinese mainland during July was electronic communications in-
struments and materials. The total value was 4,792,586 Hong Kong dollars.
Of this amount, 3,653,668 dollars worth went to North Chic.,, 65,11F1 dollars
worth to Central China, Ind 1,2711,774 collars worth to South China.
The Northeast Ministry of Trade convered the chiefs of its 1epartment to
study the commodities distribution system trroughout the area. The following de-
fects were discussed,.
1. The grain crop for last year was underestimated and the government pur-
chasing agencies were unable to absorb all the surplus, leaving much grain in
the hands of the farmers until now when the new crop is already well grown. The
government trade agencies were unable to dispose properly of their stocks, so
they still have large inventories..
2. Government pricing policies were not realistic; hence, the prices of grain,
cloth, and other commodities were out of line with the market, slowirg down still
further the flow of gocds.
3. Several of the special government companies revealed a lack of careful
planning. In their distribution of goods they failed to understand the needs of
the various areas and sent goods where there was no local demand. This resulted
in accumulations of "cold goods," glutting the warehouses.
4. Neither the quality nor the price of goods produced by some government
industries were suitable, which added to the congestion in the flow of goods.
5. Various government companies do not have independent capital, which makes
it difficult for them to make rapid turnovers.
THIS IS UNEVALUATED INFORMATION
cmiflOEN1IAI
CONFIDENTIAL
Sanitized Copy Approved for Release 2011/08/17: CIA-RDP80-00809A000600340760-0
 Sanitized Copy Approved for Release 2011/08/17: CIA-RDP80-00809A000600340760-0
G0 6'195 ENTIAL
The conference recommended three procedures to help correct the above evils:
a. Independent capital for each company and a careful budget system
of operation. This does not mean, however, that the agencies should not be under
a unified system of leadership and planning.
b. Set up purchasing and sales goals for all agencies.
c. All agencies should strive to.eliminate the spirit of rugged in-
dividualism and develop the spirit of one for all and all for one.
SUNGflANG TRADE BUREAU REVEALS WEAKNESSES -- Mukden Tung-pei Jih-pao, 11 Jul 50
The Sungkiang Trade Bureau activities for the first half of the year have
revealed glaring discrepancies in the bureaus estimates of supply and demand
and actual results. On many consumer. items, the estimates of likely sales ran
- far below the demand, while on other.items the opposite condition prevailed.
Estimates of grain needs with reference to predicted drought conditions also
appeared to be quite erroneous. In some areas, there are grain surplusep in
the farmers' hands and the farmers are confused as to why the government should
urge increased production when they cannot find a market for their present pro-
duction.
HONG KONG-NORTHEAST TRADE IN DOLDRUMS -- Hong Kong Wen-hui Pao, 12 Jul 50
Hong Kong traders report a falling off.in trade between that port and the
Northeast. Goods from Hong Kong going to Northeast China include chiefly ma-
chinery, metal parts, and gunny bags. Coming out of the Northeast are chiefly
soybeans, bean cake, etc., and most of these products pass through Hong Kong
only on consignment to foreign countries.
RAIL TRAFFIC REDUCES HONG KONG TRANSIT TRADE-?- Hong Kong Wen-hui Pao, 12 Jul 50
The general resumption of rail traffic throughout mainland China has re-
sulted in an almost complete disappearance of transit trade through Hong Kong
of Chinese products passing from north to south or vice versa. Practically all
products coming to Hong Kong from North China at present are those intended for
European trade.
5~H TIAI
2 DENTIAL d
CONFI
Sanitized Copy Approved for Release 2011/08/17: CIA-RDP80-00809A000600340760-0