THE CHINA AFFAIR.
COSTLY TO JAPANESE. (10.30) WASHINGTON, Match 23. The Commerce Department's Far East division has reported that, despite Japan's progress in 1940 in strengthening State control, there is clearly a discernible recession in every phase of Japanese business and internal prosperity. The protracted struggle in China has resulted in serious shortages of essential materials, labour, and electric power and a further decline in industrial efficiency.
The economic penetration of China has so far shown little profit. The "China incident" had cost Japan over million dollars to the end of 194.0. Trade relations with the Soviet have not improved. The report said the imperative need for foreign rice gave added significance to the military advance into In-do-China.
A Chungking report says the vernacular Press gives prominence to a report that the Government has decided to float ten million United States dollar bonds in the United States for the . construction of the KunmingLashio railway, which Mr Crime (President Roosevelt's renresentative) has recommended and Washington is reported to have approved. The railway would be a joint Chinese-British-Ame-rican enterprise. It is learned that Chungking is sending Mr B. S. Fong to the United States as agent, accompanied by engineering officials.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19410324.2.65
Bibliographic details
Manawatu Standard, Volume LXI, Issue 97, 24 March 1941, Page 7
Word Count
198THE CHINA AFFAIR. Manawatu Standard, Volume LXI, Issue 97, 24 March 1941, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.