Document
Foreign Service Despatch from Walter McConaughy to Department of State
Images (9)
- Parte de Korean War Files (Truman Administration), Department of State Files
Extracted text
OCR Page 1 of 99
AIR PRIORITY
SCRET
CE
FOREIGN SERVICE DESPATCH
893.00/11-751
XR 493.119
claised
FROM: HONG KONG
Desp. No. 885
u N.J
TO:
DEPARTMENT OF STATE
ovember
7, 1951
REF:
Deptel 1754, October 26, 1951
two
:
4
: Action
I Dept
: For Dept
;
FE
N
REP DCR EUR OLI
UNA
:
:
Rec'd
F Others
Use Only mi :
NOV 19
O
COMM ECA TR
27752
19
Subject: EFFECTS OF EXPORT CONTROLS ON CHINA
Reference is made to the Department's telegram 1754 of
October 26, 1951, requesting certain information concerning the
effects on China's economy of US and UN export restrictions. The
Consulate General's telegram 1612 of November 1 contained answers
to the several questions posed, based on incomplete information.
1. Effect on Economic Control Measures on Volume, Value and
Character of Hong Kong Trade with China Mainland.
The full effects of the US December 3 export controls on China
through Hong Kong were not felt until February, 1951, when total
exports from Hong Kong to the China mainland declined from
HK 234.8 millions in January, 1951 to HK. 180.3 millions in February
down 23.3 Because Hong Kong statistics of exports to China
during 1950 included exports to Taiwan, it is not possible to give
a proper comparison with 1951 exports. In March, 1951 exports to
China at HK : 244.6 millions showed a substantial increase (35.6
up on February) and reflected the efforts of the Chinese purchasing
agents and others to obtain strategic materials from other than US
sources. From this peak the decline was resumed - down 16. at
HK$204.4 millions in April, HK 145.7 in May. In July, the first
effects of Hong Kong's June 25 (UN) controls on China were recorded
when exports to China dropped to HK: $1.3 millions. There was a
recovery in August to HK. 102.1 (explained by the Hong Kong author-
ities as representing fulfilled pre-zero contracts) and a further
recession to HK 88.8 millions in September. The drop in trade in
September as compared with January was 62.2
Details of Hong Kong's exports to China during 1951 are as
follows:
DECLASSIFIED
E.O. 12065, Sec. 3-402
Ralph H. Hunt/RNClough/ctp
State Dept. Guidelines, March 6, 1982
By DEB NLT, Date 4-8-85
I
I
a
SECRET
NOV 10 1951
NOV 29 1951
Relations
belongs_to
belongs_to