SINO-CZECH TRADE PACT TO AID CHINESE INDUSTRIALIZATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600321022-0
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: August 18, 2011
• Sequence Number: 1022
• Publication Date: July 19, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/08/18: CIA-RDP80-00809A000600321022-0
ASSIFICATION CONFIDENTIAL C F1OENTIA
CL
CENTRAL INTELLIGENCE AGENCY REPORT 50X1-HUM
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO..
COUNTRY China
SUBJECT Economic - Trade
HOW
PUBLISHED Daily newspapers
WHERE
PUBLISHED Hong Kong; Tientsin
DATE
PUBLISHED
LANGUAGE
THIS DOCUMINT CONTAINS INFORMATION AF-ICTINS TNl NATIONAL 01171151
or THIS UMITID ITATIS WITHIN TMR MAXIMS OT IISIONASI ACT IO
S. I. C.. 31 AN0 11. AN *111010. ITN TRANSMISSION OR THI RITILATION
O1 ITN COMTIMTN IN ANY ^AMN1R TO AN UNAUTHORIZED P1110M IN NRO
NINITID By LAW. IO-RODUCTION Of THIS TONI IN PUOKINITID.
SINO-CZECH TRADE PACT TO AID CHINESE INDUSTRIALIZATION
MINISTERS GIVE OPINIONS ON TRADE PACT -- Hong Kong Ta Kung Pao, 23 Jun 50
22 June (Hsin-hua) -- Foreign Minister Chou En-lai was interviewed by a
correspondent of the Czechoslovak newspaper Rude Pravo on 14 June 1950 re-
garding the Sino-Czech trade agreement. His comments were as follows:
Question: What is your opinion about this trade agreement?
Answer: This agreement means the beginning of important economic and
friendly relations between the two countries. The agreement should also
stimulate economic reconstruction in both countries and step up the indus-
trialization of China.
Question: How will such cooperation aid the world-peace camp?
Answer: Economic cooperation between our two countries will strengthen
the friendly relations existing between China and Czechoslovakia. This is a
great contribution to the world democratic peace camp of which the USSR is
the leader.
The Czechoslovak Minister of Foreign Trade was interviewed by a Rude
Pravo correspondent on the Sino-Czech trade agreement as follows:
Question: What economic significance does this agreement have for Czecho-
slovakia?
Answer: This agreement will link the economies of both countries and in-
sure ample supply of industrial raw materials for our country and a large mar-
ket for our products. Thus the living standard of. the Czech people will be
raised considerably.
During this year, this agreement will result in our obtaining a large
amount of vital material and goods, especially such items as industrial raw
materials which we had to import from the capitalist countries. The largest
DATE OF
INFORMATION 1950
- 1 t WE 11M
DATE DIST. N'~ Jul 1950
NO. OF PAGES 2
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
AIR
Nrl
AFBI
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 Sanitized Copy Approved for Release 2011/08/18: CIA-RDP80-00809A000600321022-0
import item, vegetable oil raw materials, will be amply supplied this year
from China, the USSR, and other people's democracies. .
Other items which will be Imported from China are leather, tin,
lead, mercury, mica, asbestos, hemp, hog bristles, tea, egg products,
animal products. Czechoslovakia's main exports to China will be heavy in-
dustry machinery and steel products which are needed to build up Chinese
industry. Other exports to China will include locomotives, trucks, rubber,
chemical, and pharmaceutical products.
Question: When will the first transaction of
Answer: Both countries are planning to begin trade as soon as possible.
Within a few days a Czech ship will leave port for China. The Chinese are
also preparing a ship to sail soon.
SHANGHAI APPROVES IMPORTING OF SCRAP PAPER -- Hong Kong Ta Kung Pao, 24 Jun 50
Shanghai, 23 June -- The East China District Foreign Trade Control
Bureau and the Shanghai Customs HoUse jointly announced on 22 June that, ef-
fective immediately, scrap paper may be imported through ports in East China
under the following conditions approved and being executed by the Financial
and Economic Commission of the Central People's government:
1. Scrap paper may be imported, but only as raw material for the pro-
duction of paper. It will be taxed according to Section 544-a of the Cus-
toms Tariff Regulation.
2. Paper manufacturers applying to import scrap paper must submit to -
the Foreign Trade Control Bureau a written statement asserting that the scrap
paper will be used only as raw material for the production of paper.
The Financial and Economic Commission of the Central People's government,
in February 1950, issued the above regulations and reduced the customs tariff
on imported scrap paper from 40 to 12.5 percent to encourage domestic manu-
facturers to produce more paper, and to reduce the import of foreign paper.
At the same time, to prevent the use of scrap paper for purposes other than
to make paper, it set forth the above regulations, and enforced a rule that
all scrap paper be cut to pieces in the presence of customs officials before
being moved from the wharf.
TO PERMIT IMPORTATION OF ZINC CHLORIDE -- Tientsin Chin-pu Jih-pao, 2 Apr 50
Tientsin -- To supplement the insufficient domestic supply of zinc chlo-
ride required by China's developing industries, the Customs Administration
has placed this chemical on the list of those articles whose regulated impor-
tation is specially permitted.
MINISTRY OF TRADE SETS UP NEW CONCERN -- Tientsin Chin-pu Jih-pao, .2 Apr 50
Tientsin -- The North China Coal and Iron Company upon orders from the
Ministry of Trade wound up its affairs on 31 March 1950 and was reorganized
as the Tientsin branch of the China Coal and Building Material Company. The
latter is to operate in the Peiping, Tientsin, and T'ang-shan areas, and deal
in coal, iron, lumber, and cement. In 1950, it expects to handle 230,000
cubic meters of lumber from the Northeast, scme of which has already arrived.
T'ai-yuan has sent buyers to this company in Tientsin to purchase lumber for
its needs.
North China is continuing to supply three trainloads of coal (per day)
to East China, with a small part of this going to points in the South and
Central Regional District.
CONFIDENTIAL
Sanitized Copy Approved for Release 2011/08/18: CIA-RDP80-00809A000600321022-0