Detroit evening times., 1945-10-08
THE ROAD
To TOKYO
BY James r.
Young

mlCal ngures Dy foreign
trade promoters who predict an
economic spiral in the China
market.
Throughout the United States
next week celebrations will be
held for China's national found
ing day, Oct. 10. A year ago
at an elaborate Double Ten an
niversary dinner. costing the
Chinese equivalent of 2,000,000
Chungking dollars. served in the
grand ballroom Of the Waldorf
Astoria, New York City. ] heard
optimistic speeches on the future
OF Chinese trade.
And more recently. from
T Running, China. the u. S. con,
sui general. William Langdron.
reporting on the first postwar
meeting OF the American Cham
her of Commerce OF Shanghai.
said the traders were hopeful of
1nlTld MARKET rise.
/ was pessimistic a year ago
and l repeat now that manufac-
turers must be realistic and
cautious when they start count
ing the per capita trade figures
OF China's 400,000,000 CUSTOM
ers. Chinese trade, when II again
centers at Shanghai, will be
marked by confusion. The great
Paris Of the Orient rs no longer
foreign or international sea-
port settlement with special
American, British and French
influence. The abolition Of
extra-territorlallty. agreed upon
by the great powers a year ago,
raises many new legal ques-
tlons.
r 'f,r.rr4i6orhs a danger OF over
l. selling China. commercially
IN America.
China requires $4,000, ,0O0. 900
for a five-year reconstruction
project program. Foreign IN
vestments Will be encnuIaEed
by Chinese interests and lndI-
rect loans will be sought by the
Chinese government. But how
Will these transactions be af-
fected by Chinese sovereignty
and special conditions which
forasee Will be created hy the
national government when II IS
re-eStahllshed Al Nanking?
The Chinese say they VIII
obtain foreign capital and work
Ing funds through the export Of
tungsten, antimony silk. tung-
oil and bristles. | suspect,
however. that the Chinese gov
ernment will cause trading 10 be
channeled through two or three
special companies and that prl-
vate firms will be eliminated IN
raw material markets by ma
tonalistlc legislation. The
Chinese will Justify their trad
ing laws for maintenance Of
economic equilibrium. better
identified as government in buSl-
ness.
TNHE fiVe-year Chinese building
l. program includes main and
branch line -raslmSy Mary
Chinese are now studying IN
American railroad shops, later
~ "a agr,pHAd 80 30
ton task in their homeland.
believe that railways and high
ways are foremost in Chinas
construction p aiming. This
means heavy equipment--rolling/
stock. signal apparatus and roadV
machinery
The alrfelds which we A.
nanced and equipped. but which
Chinese labor built Will become
ceniers for expanding domestic
and international air routes.
Long distance telephone and
telegraph lines, switchboard
equipment and radio stations
are necessary TO link thousands
OI (nlfeNP IONflS.
a post office construction pro-
|, ject alone counts 10000 towns
and villages out Of commission
since Japan invaded China eight
gears ago.
Tens OF thousands OF motor
vericies, especially trucks, are
needed.
There is no equipment in
operation IN Free China. and
in lib lated China every thing
is obsolete or worn out
Will these orders be filled by
Detroit and Akron factories for
export 10 China, or will Ameri-
can capital join with Chinese
management 10 produce the
chassis and rubber locally?
CHINA is basically agricul-
" tural.
IndustrialiZation cannot be
sound unless agriculture is re-
organized so the Chinese peas
ant is able TO purchase factory
made goods.
This is a conclusion drawn in
a special survey of China trade
by Lawrence H. Rosinger for
the Foreign Policy Association.
| agree with MIR Rosinger
that the China market when II
expands. will come IN for sharp
foreign competition--British
and Russian
The United States should oc-