The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-02-19
Hopeful Outlook
For Chinese
American Trade

| An official report of Chinese Am.
erican trade for the past five years
recently appearing In the New York
Evening Dost from the pen Of Hon.
Yam Yuying, China's Consul at the
City of New York, while indicating
there Is much room for Improvement.
at the same time shows steady
growth promising hopeful outlook
for the future.
I'm reviewing the last five years, I"
says Consul Yang In part:
II am gratified to say that the de-
velopment Of our trade with the
United States has been indeed rapid
and remarkable. From the first year
Of the Chinese Republic to it's fifth
year American Chinese trade increas-
ed seventy-five per cent. For tho last
year the total trade between the two
republics amounted to It's. 125,904,-
504 Ga tael was worth 70 cents Am
erican money last year,, which was
thirty per cent more than that Of
the year before, and one-eighth of
China's total foreign trade for the
year.
Statistics show that the increase
OF American imports was not so
rapid as was that Of Chinese exports.
American imports fell In 1913 and
in 1915. while Chinese exports adj
vanced from year to year. In these
five years. the amount Of Chinese
exports to the United States was
doubled. but the American importe
into China increased only forty-eight
per cent.
Our trade with the United States
was in the third rank prior to last
year. In 1915 II advanced to sec
ond rank for the first time In the
history Of American Chinese trade.
Japanese Chinese trade has long oc-
cupied first rank. British Chinese
trade had been second until 1915.
when it yielded to American Chinese
trade. ari
There are from ESQ to 800 ar
ticles Of American goods Imported
into China every year. and about an
equal number of Chinese exported
to the United States. New articles
have been introduced from time 10
time. Chinese antimony. for In
stance. hardly known here even three
or four years ago. was imported into
the United States last year to the
extent Of more than four and half
million taels worth.
There are varieties Of Chinese
food imported into the United States.
More are expected to come in. The
soya bean mas been under special In
vestigation. and II It II found to be
palatable to the American people It
will form undoubtedly one of the
most important Chinese imports
here. Other Chinese foodstuffs are
being studded.
AT the present time there are
about two hundred American busi-
ness establishments in China, about
fifty of which were established since
the war. In recent years new con-
Germs have been organized for the
Chinese trade exclusively. Old firms
which already had an interest in
China have extended their business
fields.
Our people, TOO. have been keen
ly looking for business In this coun-
try. They are trying to do more
direct trade with the United States.
For instance. the wah Chang Min
Ing and Smelling Company and the
China Mail Steamship Company have
done considerable business in the
last three years.
'orhe visit Of the Chinese Com
nercial Commission in 1915 created
! new idea for commercial relations
between the two countries. namely
American Chinese cooperation. I'm
oediately after the return of the
ommisslon. the Chinese American
Industrial Company was organized in