DEVELOPING CHINA
ACQUIRING FORMER JAP. MARKETS (Rec. 11.55 a.m.) SHANGHAI, January 23. China has planned to acquire Japan's former world textile markets, estimated to be worth 300,000,000 dollars annually, said the Premier, Dr T. V. Soong. The new Government had sponsored a textile development company, which had the ■ full support of shipping and banking interests in a broad programme which should corner one of Japan's largest export fields.. _ China was also planning to take oyer Japanese cotton mills, thus . doubling the ' Chinese production. Dr Soong added that China, because of severe agricultural losses, was demanding 5,000,000 mulberry trees from Japan as the first step in the revival of the important, silk industry. The Japanese had destroyed China's mulberry trees in an attempt to seize China's silk production.
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Evening Star, Issue 25699, 24 January 1946, Page 6
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127DEVELOPING CHINA Evening Star, Issue 25699, 24 January 1946, Page 6
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