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“...by Hong-Kong and Shanghai foreign merchants,
and one, perhaps, which does not commend itself to foreign ideas of
pushing business. The Japanese cotton spinners, however, maintained
that their action was justified, as they claimed to be thoroughly con-
versant with Chinese ideas and requirements, and that their principal
object was to encourage the Chinese to use machine spun yarns
in preference to the home hand-made article. There is no
doubt whatever that Japan must push throughout China, Manchuria
and Corea her trade in home manufactured articles, if she is to attain any
commercial importance ; in the matter of yarns, however, it is a mistake
to suppose that she is entirely dependent upon the China market, as,
roughly speaking, two-thirds of the production of the Japanese cotton
mills is required locally. This is made clear from the following table
showing the total production of yarns in Japan and the export to China,
the percentage varying from 29 to 19 per cent.:—•
Year. Total Production...”
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