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“...during the
last half of the year. In spite of the greatly increased import of
Indian yarn, the trade in this yarn cannot be considered satisfactory.
The competition from the Japanese and especially from the Shanghai
mills grows keener every year, and many complaints are heard that
as to qualities and weights the Bombay yarns are inferior to the
Japanese and Chinese. At Chungking, the centre of distribution
for the great market of Szechuan, the import of Chinese yarn increased
nearly 40 per cent., while the imports of both Indian and Japanese
decreased. On the West River, where 91 per cent, of the yam
imported comes from India, attention has been drawn to the steady
progress of Japanese yarn, the import of which in 1912 was treble
that of 1911. As regards the Shanghai mills they enjoyed an excellent
year throughout. It has been observed that the Japanese com-
petition renders a useful service in keeping up the quality of the Chinese
yam. The number of spindles in China in December last was...”
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“...china.
15
doubled. Umbrellas, on the other hand, fell from a total of 2,111,280
to 1,853,171 pieces, the decrease in Japanese more than outnumbering
the increase in European.
Cotton, raw.—Despite increased cultivation in China, the import
of raw cotton, chiefly from India, rose from 47,233 to 332,371 cwts.
The Shanghai mills had a very good year, and the high rate of exchange
enabled them to import Indian cotton profitably so as to secure a
greater length of staple.
Dyes.—The import of artificial indigo has increased almost con-
tinuously from 43,337 cwts. in 1885 to 252,239 cwts. in 1912. German
firms have successfully pushed the trade in this commodity in the
province of Hunan by the employment of commercial travellers.
Electrical materials and fittings have risen from a total value of
226,6862. in 1911 to 256,4192. in 1912. The increase is mainly due to
the miscellaneous supplies of low priced quality imported by a British
company. .
Flour.—The import of foreign flour again shows...”
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“...North China
continues to extend. The export from Tientsin, which amounted
only to 4,552 cwts. in 1908, increased from 461,239 cwts. in 1911 to
501,£34 cwts. in 1912, a large proportion of which was sent to America
as well as to Japan and Shanghai. The total export from China to
foreign countries was, however, somewhat less than in 1911, doubtless
on account of the higher rate of exchange. The limited demand
from Japan and Europe kept prices low in Shanghai, to the great
advantage of the local mills, as pointed out in the Shanghai Consular
report. Many attempts have been made in recent years to arrive at
(683) » 2...”
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“...china.
27
Hunan is as usual to the fore in company promoting, and the industrial
projects recently discussed there include paper factories, cotton
spinning and cloth weaving mills, flour milling and rice hulling
establishments, a cement factory, a timber sawing factory, a cigarette
factory, and a glass factory, besides such further enterprises as leather
boot making, hat making, dyeing, printing, silk reeling, and the
manufacture of sugar and felt. The lack of native capital and the
opposition to foreign capital preclude in nearly every case the possi-
bility of carrying these projects into effect; indeed, the only ones
which appear to have passed beyond preliminary stages are a boot
making factory started in January, 1912, a glass factory established
on a small scale for the manufacture of bottles, lamp glasses,
&c., and a cotton mill at Changsha, for which a site has been
secured.
The list of factories reported as having been actually opened in
1912 is a small one; in addition to the...”
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