China Trade-"Bloody" or Wise?

Fitzsimmons, Tom
December 1953
New Republic;12/21/53, Vol. 129 Issue 21, p9
This article presents information on the implications of trade in China. It is informed that at present, the volume of free world's trade with China is very small: Britain's 1952 trade there, for example, amounted to 17 hundredths of one percent of her world trade. It is limited by China's ability to pay for imports and to find exports the Free World wants to buy, as well as by very tight strategic controls. In 1950, the U.S. declared a total embargo on exports to Red China and urged its allies to do the same. However, in recent years, most European countries have opened determined drives to increase their China trade. In the first six months of 1953, England exported dollar 8.7 million worth of goods to China and imported dollar 12 million as compared to dollar 12.8 million of exports and dollar 8.3 of imports for the entire 12 months of 1952.


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