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Document identity
localId
519784831
label
Notes
core
doc
dtoType
document
citationUrl
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1
Source metadata
id
519784831
contentType
document
title
Notes
citationUrl
collections
Korean War Files (Truman Administration)
Department of State Files
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1
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yes
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naId
519784831
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item
productionDates
day
5
logicalDate
1951-12-05
month
12
year
1951
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description
ocrSource
nara-archive
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1
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0
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photo
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83cd605dfb3767de
ocrText
Embassy
73
(Delivered to State Department by British, 12/5/51)
COPY
Trade with China
(a similar note on the position was given to Mr. Acheson
in Rome, and the British Joint Services Mission are
communicating a copy to General Bradley)
It is true that there was a considerable increase in trade
with China immediately after the outbreak of the Korean war but all
figures available show that there has been a steady and substantial
decline in trade during 1951.
2.
Shipping.
No figures are available for shipping engaged in trade with
China before February 1951. At the end of February there were 158
ships of all nationalities excluding Soviet bloc engaged in China
trade of which 64 were British and 56 Panamanian. At the end of
November there were only 58 ships of which 26 were British and 17
Panamanian. In addition at the end of November there were 6
Polish ships engaged in this trade.
Trade.
15 x
3.
United Kingdom exports to China by average monthly values
in thousand pounds sterling were:-
1950
First Quarter
98
Second
182
Third
"
479
Fourth
"
436
1951
First Quarter
430
Second
250
Third
11
120
Hong Kong exports to China by average monthly values in thousand
pounds sterling were:-
1950
First Quarter
5622
Second
4109
Third
If
6754
Fourth
"
10409
1951
First Quarter
13748
Second
10239
Third
5675
The figure for the third quarter of 1951 shows very clearly the
effect of the United Nations embargo. These figures include
exports by sea or rail to China. The decline would of course be
much more marked if account were taken of the general rise in
world prices. Imports into Hong Kong from all sources during
1949 were at an average monthly rate of pounds sterling 14.3 million.
During 1950 at pounds sterling 19.7 million and in September 1951
at pounds sterling 28.7 million. Much of this increase can be
attributed to the general rise in world prices.
4.
It is worth noting that the United Nations embargo on trade
with China covers only strategic materials and leaves a large range
of non-strategic commodities available for legitimate trade.