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Economic Conditions In China: A Brief Survey, January To June, 1932
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Chapter Summary
After having destroyed many of the Chinese factories, the Japanese are erecting new factories for iron works and for bean manufactures. In March the Japanese export to Manchuria from the port of Kobe established a record surpassing any year for the last thirty years. The agricultural crisis and trade standstill have sent money and cash from all the interior districts to Shanghai, until Shanghai has now in deposit no less than 300,000,000 yuan. While money is so cheap in Shanghai, yet its transmission to interior provinces involves high cost. The volume of goods actually moving between the interior provinces and Shanghai is so small that money cannot be easily moved by book transfers. Chinese merchandise going through Shanghai to the interior increases its price. We might say that in China, at present, people do not produce much, but have to pay very dearly for what they may get.
Keywords: Chinese factories; Chinese merchandise; iron works; Japanese; Shanghai
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