JPRS ID: 10090 CHINA REPORT ECONOMIC AFFAIRS

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• Collection: JPRS
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00850R000400070005-5
• Release Decision: RIF
• Original Classification: U
• Document Page Count: 15
• Document Creation Date: November 1, 2016
• Sequence Number: 5
• Content Type: REPORTS

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i~OR nFFI('IA1. UfiH: ONI.Y
,JPRS L/ 10090
~ November 1981
~ China Re ~rt
p
ECONOMIC AFFAIRS
(FOUO 3/81)
~ ~ON SER~~ICE
~'g0S FOREIGN BROADCAST INFORMATI
FOR OFfIC1AL USE ONLY
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JPRS L/10090
3 November 1981
CHINA REPORT
ECOMOMIC AFFAIRS
(FOUO 3/81)
C0~lT~NTS
P~OPLE'S REPUBLIC OF CHINA ~
FINANGE AND BANKING
China To Recei.ve $400 Million in Japaaese':I.o~std
(THE JAPAN ECONOMIC J~URNAL, 11 Aug 81) P
- China Wi11 Be Allowed To Issue PYivate Bonds in Japan
(THE JAPAN ECONOMIC JOURNAL, 13 Oct 81) 2
CONSTRUCTION
- Plants Reported Accepting Japanese Deliveries Under Suspended
Contracts ~
(Swadesh De Roy; THE DAILY YOMIURI, 1 Sep 81) 3
China Accepts Japaneae P1an on Extending Plant Help
(THE JAPAN ECONOMIC JOURNAL, 15 Sep 81) 5
FOREIGN TRADE
First Japan-China Hote1 To Be Built in Fuzhou
(THE JAPAN ECONOMIC JOURNAL, 1 Sep 81? 6
China Seeks Aid To Build International Telecommunications Center
(THE JAPAN ECONOMIC JO'URNAL, 22 Sep 81) 7
Fu,jitsu Fanuc Will Provide China With fligh Technology
(THE JAPAN ECONOMIC JOURNAL, 22 Sep 81) 8
Mi.tsui Shifta China Trade Emphasis to Daily Producta
(THE JAPAN ECONOMIC JOURNAL, 22 Sep 81) 9
- a - [IIZ - CC - 83 FOUO]
n~n i?neR~ � �tn~+ ~~e.~.
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Trade With China Slumps; Export in June Fell by About $lOQ Million
(THE JAPAN ECONOMIC JOURNAL, 4 Aug 81) 10
Briefs
~ PRC, Japan Fertilizer Exports 11
- b -
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FINANCE AND BANKING
CHINA TO RECEIVE $400 MILLION IN ~~p~SE~ ~L011i1.S ~
Tokyo THE JAPAN ECONOMIC JOURNAL in English 11 Aug 81 p 3
CTextl
The Japanese Government ~anl additional loans of Ex- 'Is granted that ~China can use
has decided to offer . untied port-Import Bank of Japan to ~~e loahs for i per-I
five-year go~~ernment and Ct~ina. The Forei Minis ~y ~
rivate bank loans totalin 3400 ~ ~ sonnel casts in plant construc-,
P g and the Ministry ot interna- tions under this new method,
million to China to help revive tional Trade ~.Industry iu- thereby. ,responding indirectly
its once-c�ancelled ind~utrial sisted thal ordin vate
plant contrarts ~~ith Japan, it to China'.s requests for addi- ,
was re~~ealed last ti~cek. banks loans, instead of F.~dm tional loans to help revive can-
Informed sources said the ~ank loans, should be applied celled plant contracts.
from the standp~int of According to government
ministries of finance and others strenglhening the bilateral sources, 60 per cent of "global
concerned also have agreed lo friendly ties. On the other hand, bank loans" will be borne by
offer commodity loans ot 5500 the Finance Ministry and Exim Exim bank and 40 per cent by
million and suppliers' credit of gank expressed a reluctance to city banks with an annual io-
543o million for plant equip~ allow such private bank loans terest rate of 7.75 per cent for a
ment to China. lf all are added because of the need fo ~'anl an period of 10 years. The city
up, sources said the total additional 5300 billion in ~n~~ Wr~~~ be insured,
financial assistance to China 'private bank loans fcom 1985 Lhe sources also said, FLrther-~
will reach 51,33o million. tor development .of natural more, the sources said the
Wilh the total capital as- resources. � planned 5500 million in loans
sistance decided, the Govern- pfter some squabbles over for constructions of Wu Qiang
ment plans to hold w�~rking- Exim Bank loans, the Govern- Xi power plants and lhe
le~�el talks w~ith China ?o deter- ment finally decided to grant Dayaoshan ntnnel will be
mine details in August and E~m Bank loans through a un- changed into commodity loar~s
reach a. fina] settlement by precedented method of "global and the original ;500 million
mid-September when it invites ~nk loans" to China. Under will be used for plant purposes.
Chinese Vice Premier Gu Mu this method, loans ~ranted will For the rest of ~430 million, the
for talks. be stipulated tor use, not for. Government has decided to a~
Up until recently. opinions ~~P~ants" per se but tor general ply suppliers' credit mainly for
- ~~ithin the Government have machinery exports. However, it Japanese trading houses and
tx~cn split over u�helher to exporters.
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- FINANCE AND BAIQRING
CHINA WILL BE ALLOWED TO ISSUE PRIVATE BONDS IN JAPAN
Tokyo THE JAPAN ECONOMIC JOURNAL in Eaglish 13 Oct 81 p 1, 15
[Text~
For the first time in ita ~~oip., ~ through Nomura
history, People's Republic o( ~r~ties, a l~ed with the
~ China will raise funds on the Mtt~itatry af Fpnpance to make a
internationsl capita) market p~vate bp`nd issue. Approval
when at makes a private place ~d }K~d up because ot
ment of ~ 10 billion~worth ot uncertainties over China's
bondsinTokyoinDecember. induetrial ~ development,
The Japanese Ministry of
Finance recenUy gave ap~ P~r~ s~ a�~ d~el~a~y~ ta~
proval to the issue by the China ~ B
International Trust and Invest- ~~~1 assistmmnce with Japan~
ment Corp., the Bei jing and the United States.
Govert?ment's machinery for Beijing and Tokyo came to
introducing foreign capital into terms on a financial package
that country. for China's industrial plant
As thing stand now, the yerr constr'uction early in Se~
based pcivate issue is likely to tember, prompting the Mio-
have a maturity oI 15-20, years, istry of Finance to issue a go-
with tl~e interest rate set 0.2-0.9 ahead for the b~nd issue.
per cent above fhe long-term Cht~s ~ be the second
prime rate in Japan which Communiat nation~to issue yen
currently stands at 8.5 pet cent bonds in Japan after Yugo-
cThere is possibility that the ~ slavia wh1c6 came to the Tolryo
- prime rate will be raised in market in 1978 and 19rl9.
November, brin~ng the it~' +Fujian Province's Inter-
- terest rate on the Chinese bond. national Trust and Investment
aGove 9 per cenk ) ~ Corp. also is studying Slotatioo
China is expected to use the of yen-based bonds. Financial
proceeds trc~n the bond issue~ aources seY other proroinzes of
dor settlement of industrial' China ate likely to move to
plant imports trom Japan ! issue yen-based ~bonds. They
Nomura Securities Co,~ Ltd~ also cite strong possibillty that
will be the lead manager lor the Chinese Government will
the issue, and Bank of Tokyo make use of the Eurobond and
will be the commissioned bank. ' Swiss franc bond markets once
Last March, the China Inter- ~~nB ~~�~e~ ~
national 'IYust and InvestmenE , comeaappropriate.
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C~ONSTRUCTION
PLANTS REPORTED ACCEPTING JAPANESE DELIVERIES UNDER SUSPENDED CONTR~CTS
Tokyo THE DAILY YOMIURI in English 1 Sep 81 p 3 .
[Article by Swadesh De Roy]
[Text] The Chlnese may have suspended many of their plant orders with the
Japanese, but they are accepting deliveries the Japanese are making on the
dead contracts. This can happen only between China and Japan, the two countries
prepared to do anything to acco~nodate each other by going far out of their way.
- Theirs, after all, is a unique relationship.
Chinese acceptance of Japanese shipments of plants for pro~ects canceled is a
quiet development, so far unpublicized. It has, however, created an unorthodox
situation in Sino-Japanese trade and economic cooperation. Apparently there is
no formal agreement on this beyond an informal understanding.
To an outsider it will appear as though the Japanese are forcing these plants on
the Chinese, who on their part are accepting them without changing their position
that they have canceled orders for the shipments being received. The Chinese
acceptance of the shipments also does not constitute any agreement to compensate
losses the Japanese claim to have suffered following unilateral cancellation of
plant orders.
But then who is paying the suppliars? According to my information, not the
Chtnese, not immediately that is. It ~hould be recalled they canceled the orders
because they had suspended the pro~ecte for which the plants and equipment now
being shipped were needed; and they auspended the pro~ects because they did not
- have enough cash. Nothing h~s changed since in that Chinese position. But the
Chinese have also said the pro~ects have merely been put off and it appears the
Japanese supplies are taking the Chinese at their word, literally. What follows
from this is that the Chinese seem to be saying that if the suppliers at their
end can arrange to be paid the shipmente wi11 be accepted at their end--stored
unopened for one or two years ar till the pro~ects are revived--and till then
the plants and equipment will remain in Chinese custody. Does this bind the
' Chinese in any way? Yes, but only morally; and that is all that the Japanese
wanted.
~ The Japanese, meanwhile, are doing everything to get their government and banks
~ to help the Chinese by arranging aid and supplier`s credit. And the Chinese
I
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agreeing to be morally bound arp taking the fullest advantage of the situation,
baxgaining harder than ever for terms. They have nothin~ to lose, with crates
of plant already in their warehouses at nobody quite knows whose risk. The
Japanese suppliers in their eagerness to be paid are using all their influence
to obtain government accommodation for the Chinese. And the Chinese are close
to getting some ~�300 billion in credit on various terms, thanks bothe business-
men's lobbying.
That may solve 90 percent of the financing problem in respect of these shipments.
The Chinese have raised a fine legal point. They insist on holding up 10 percent
of the payment which undex~ the terms of old contracts wil?.be payable c:~ly after
plant certification that in this case should not be expected until the Chinese
open the crates. But they will not open the shipment until tney decide to re-
vive the suspended pro~ects. The Japanese supplie:s do not agree. Their plea
- is this 10 percent of payment normally withheld as "retention money" pending
certification includes technicians' fee and their own profit. What the Chinese
say to this is logically solid. Technicians' aervices will not be called for
until the crates are opened, piants inspected, installed, and certified.
Until then there should be no question of paying the retained 10 percent.
There is nothing the Japanese can do. They have, after all, volunteered into
this situation. The Chinese do not feel to be under any legal obligation. They,
indeed, had placed some orders. But after having canceled them they no ].onger
are bound by them. The present shipments are not their idea. Just because the
Japanese have on their own chosen to make deliveries the Chinese are not going
to revise their schedules for the suspended pro~ects.
The Japanese in their last-ditch bid to move the Chinese from their rigid position
are now telling the Chinese the equipment in crates unopened for even a year may
get rusted and damaged. Bu~ the Chinese are ~nmoved. if the plants corrode they
will not pass certification test. And that will be a suppliers' liability.
= The Japanese obviously are in a painful bind. But they believe the Chinese ulti-
mately will come to free them from the trap they did not set. The Japanese en-
- trapped themselves to evoke Chinese sympathiee they desperately needed to ensure
, that the suspended pro~ects when revived come back to them. What they are doing
now is demonstrating their desperation and suffering. That ia the way of Sino-
.Japanese business.
COPYRIGHT: Daily Yomiuri 1981
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CONSTRUCTION
= CHINA .~1CCEPTS JAPANESE PLAN ON EXTENDING PIANT IiELP
Tokyo THE JAPAN ECONOMIC JOURNAL in English 15 Sep 81 pp 1, 4
Text Chinese Vice Premier Gu b9u to ~ivr luans to help revive ~o adopt untied global l~ans,
declared last week that China' tl~ose contracts. but the Exim Bank is opposed
had "agreed in principle" to' The proposal of the Japanese to the idea, saying the global
accept the Japanese proposal, Government included the loans are for general
_ to render soft.loans of about following: machinery, not directly con-
~ 300 billion to revive cancelled -Commodity loans, ctiang- nected to plant construction,
� industrial plant contracts with ed from yen-denominated and are tantamount to govern-
~aP~� loans, will total '~f 120-130 mental assistance which the
Gu's declaration came when billion, up ~ 2a30 billion trom Exim Bank has no role in. Thus,
he met w�ith Susumu Nikaido, those originally planned. the Government has, at the cnd,
Chairman o[ the Executive~ -Suppliers' credit for decided to drop the idea of
CQUncil of the ruling Liberal, deferred payments for plant Exim Bank's bank loans.
Democralic Part}�, in ttie Great ~quipment, to be provided by Regarding other proposed
People's Hall in Beijing. ' the Export-Import Bank of loans, commodity loans will
At the meeting, Nikaido first Japan, will amount to about carry an annual interest rate of
made the proposal by saying, ~ 100 billion. 3 pec cent, to be repaid over
"the amount (~f 300 billion ) was -The r~t of ~ 70 billion will 30 years, with a 10-year grace

-J the best the Japanese Govern- be procured in yen- period. An interest rate of
ment could do under acute denominated syndicatecl loans suppliers credit will be around
fiscal restraint." In reply, Gu from a consortium of priva~e 7,~ ~er cent annually, following
said, after commending the tinancial institulions. guidelines af the Organization
_ Japanese efforts, "~;hina ln hammering ou[ ~Tiis pra, (or Economic Cooperation and
agrees in principle with the posal, the ministries have been Development and that of
Japanese proposal," adding at odds over what to do with the privale loans a little higher
thal Further talks might be Exim Bank's bank loans. The than the long-term prime rate,
necessary to work out interest Foreign Ministry, the Ministry now running at 8.5 per cent.
rates and other details in the of International'I~ade & Indus- Ufficials said the ~30U billion
future. Gu also said, "~hina will try and the EconQmic Planning Ioans will be for the firsl phase
never impose its demands on Agency have strongly favored of constructions for the Bao-
anyone as a moral principle." lhe bank loans, saying those shan Steel Mill and the petro-
China's conditiuned ac- loans are "strongly desired by
ceptance has put a virtual end Ch?na." But the Finan~a Min- chemical plant in Daqing.
to ti~e lingering Japan-China istry and lhe Exim Bank sre ~n Observers said since private
plant contruversy wliTch arose strong opposition to the idea ~oans are including in the
when the second phase of Baa because they say "new...adat= proposal, China is expected to
shan Stecl htill's c~onstruction tional bank loans of about~300 complain about "high interest
~~~orks was suddenly suspended billion are needed in I885 for rates" and the Government i,
I:+at fall, folluv?~eci by ti~e can- China's development ot natural strongly urged to work oul the
cell~~tiun ot ('hina's industrial re~uurces and any other laans details wiih Chinese officinls,
pl.?nt runtracts with Japan. caruiot be sUowed." After . possibly inviting V'sce-Premier
.la{,~n I~as I~c�en asked by China much bickering, the ministries Gu to Japan at an earlier date
have come up with the proposal ~o clear up the differences on
~ � the matter.
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FOREIGN TRADE
FIRST JAPAN-CIiINA HOTEL TO BE BUILT IN FUZHOU
Tokyo THE JAPAN ECONOMIC JOURNAL in English 1 Sep 81 p 14
CT~t]
A Tokyo campany will Tokyo, is now directing the'.
build a hotel in China's Chinese to draw up a basic
Fujian Province as the design.
first Sino,Tapanese . joint With the excepGon o( the
hotel venture. - site provided by the Chin~e,
Investmecd Develo~ ~the total cast, including con~
ment Corp., a ilrm spe- struction and management,
cializing in trade with China is put at =24 million (about
established two years ago, ~F 5.5 biluon). Of the total,
recently set up a new com- S15 million will be borrowed
pany aimed ai hotel corr from European banking
struction and management~ establis?+ments ~nd payment
in the province jointly with will be completed by the
the Fuzhou Branch of the joint company, according to
Fujian Investment Enter- In~estment & Development.
prises Corporation. The While lhe Chinese will be
Fuzhou Grand Hotel ie Sl basically responsible for de~
per cent owned by the Chi- sign and construction,
nese corporation and 49 per elevators, , air conditioners,
rent by the Japanese firm, raw materials and equi~
The joint venture will coo- ment will be exported trom,
strurt an 18~story hotel with ~ Japan '
450 rooms w~hich is sche~ China is emphasizing
uled to open in the faU of industrial development in
1983. Erected close to Fujian and Guangdong Pra
Fuzhou City's civic center, ~~nces, designating the two
the hotel will be provided areas as special economic
wilh Japanese~ and Chinese zones. The number of
style gardens, swimming torei~ businessmen visiting
pool, shopping centers and there is sharply increasing.
rental offices. Japan's Hitachi, Ltd, !or irr
R. Kitadai Architect & stance, is operating a TV sef.
Associates, Inc., a medium- assembly plant in Fujian
sized design company of joinqy with the Chinese.
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FOREIGN TRADE
CHINA SEEKS AID TO BUILD INTERNATIONAL TELECOMMUNICATIONS CENTER
Tokyo THE JAPAN ECONOMIC JaURNAL in English 22 Sep 81 p 8
_ CTextl
T'he Chinese Co~�ernment gressing smoothly, the
plans io build a specialized Chinese GovernmenZ ~s
international telecom- having difficulty in proc~-
munications center in ing an equiva!ent of ~E10-20
Shanghai ~?�ith Japan's fin- billion funds for the
ancial and technological as- Shanghai internatianal t~l~
sistance, it was learned re- oommunicati~ons center.
cently. Pbssibility is strong lhat
According to informed China wiU seek credit5
sources, China feels it ur- either from the Overseas
gently necessary to con- Economic Cooperation Flind
solidate its inlernational or the Export-Import Bank
lelecommunications setup ot Japan. Initially, China
for promoting international wiU seek some ~3~ billion
trade. in credits for purchases of
SpeciCcaliy, China hopes stored program controlled
to set up an international ~SPC) exchanges to be in-
tele~�ommunications center slalled at lhe Shanghai
in Beijing and Shanghai. . center.
Allhough lhe Beijing center The Ja~anese Government
conslruction project is pro- reportedly is ready to offer
cooperation to the project~
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FOREIGN TRADE
FUJITSU FANUC WILL PR~JVIDE CHINA WITH HIGH TECHNOLOGY
Tokyo THE JAPAN ECONOMIC JOURNAL in English 22 Sep 81 p 7
CT~t]
Fujitsu Fanuc Lld. has Before operations start in'
reached an agreement with an China, ~jitsu Fanuc will invile'
agency of China's First Min- Chinese workers to Japan for~
istry of Machine-Building to technological training.
provide tc~c~hnology on com- A machine tool equipped with
puterized numerical control, the CNC device can
sources revealed recently. ~utomatically operale for Z4
The sources said Fujitsu hours once it has an input of
F~nuc ~~ill grant a license to data on processing work pieces.
the ('tiina r1achine-Building The CNC apparatus is well
International Corp. to pruduce fitted tor processing materials
and sel: ~~irecutting electro dis- with complicated shapes, such
charge machines over the next as aircraft engine parts. It can
_ se~�en }�ears. also turn out metal molds used �
L'nder the accord, the Beijing for model changes of TV sets,
~�orEror:+tion w~ill produce the stereo components and auto-
~n~�diuni si~c~d, slandard type mobiles.
F.+nu~ T';,4K~ Cut ~ic~del H, using The most up-to-date, com-
- dc~si~ns, pruduction expertise, puterized numerical control
related parts and compcrnents know-how will thus play a vital
~ supplicd by lhe Japanese role in promoting China's light
licensur The btodel F! is one of industries. lt is the first time
the fuur eleclro di~charge for such Japanese electro-
machin~s now� being produr.ed mechanic equipment to be
by ~jitsu Fanuc at a monthly provided to China, though
rate o( 50 units. production expertise so tar has
The (,'hinese agency will pay been supplied to the country for
the Ja~:intse lirensor royalties application to mechanical
e~qiL~:~le~nt to some 3 per cent of lathes and other general-pur-
domestic sales. , pose machin~ tools. .
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FOREIGN TRADE
MITSUI SHIFTS CHINA TRADE EMPHASIS TO DAILY PRODUCTS
Tokyo THE JAPAN ECONOMIC JOURNAL in English 22 Sep 81 p 4
- ~Text~
hlitsui & Co., I.td., a leading in Japan.
Japanese trading campany, has Meanwhile, an executive of
dccided to shift its emphasis in Milsui will attend a ceremony
export to China to commodities marking the completion of inte-
for daily use irom heavy and grated production facilities for
chemical industrial products, cashmere products in Dong-
including induslrial plants, and sheng, Mongolia, on October 1,
to deal H~ith Chinese products in as Mitsui concluded an export
triangular lrade. contract for the equipment for
Because of !he economic ~ 4 billion in May, 1979.
readjustmenl program and in- Inner Mongolia can meet a
cre~ising dece.ntralization oi third of the world's demand for
authority in China, Japanese cashmere which amounts to
_ trading companics are destined 3 ppp tons a year. The new
to su[fer a setback in trade factory in Inner Mongolia will
~~�ith China if lhey continue to process 500 tons o[ cashmere
depend on heavy industrial annually under the technical '
pruducts, assistance of Unitika Ltd. a~~d
'I'hr trading firm lhus has in- export it in the form .of raw
~truct~~d i~ti branch offires N,~~ or knitwear products.
throu~;huut Japan to check if
thcre arc light Industrial local MiLsui will nol only export
E,roductt that can be exporled to such products to Japan but also
China, Chincse products mar- to R'estern Europe in the trian-
ketable in Japan, and Japa- ~~ar trade.
nese manufacturers inlerested The company at present sta-
in exporting their products to tions resident officials in
China. Beijing, Dalian, Tianjin,
its dcpartmcnLs in charge Shanghai, Guangzhou and is
of foad, nc~�micals and textile expected to open new~ offires in
pruciucts are schc~uled to send Quingdao, Fuzhou and Nanjing.
I~~ams to China to study The company upgraded the
il~�iu:~nd tr~�n~1~ in lhr country Beijing r~�presentative office to
and find out if lherc are Chi- a branrh lo have il super~~ise
nese pn~duc~s that ran be sold other o[fices in Cl~ina. ,
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FOREIGN TRADE
TRADE WITH CHINA SLUMPS; EXPORT IN JUNE FELL BY ABOUT $100 MILLION
Tokyo THE JAPAN ECONOMIC JOURNE~L in Engliah 4 Aug 81 p 4
~Text~ ~apan's trade ~�ith China is ~ t pr icted lhat a'dull~ng
in ' ar~ automolive transport
` beginning to slump, witl~ Japa- Japan-China trading would set vehicles by 1.9-fold.
nese exports in June scoring a in for the first time since the JETRO noted also the sharp
monthly. fall of about. ;100 fi~igh Uend which started in the gains in consumer goods ex-
million, Japan External Trade last half of the 1970s. ' ports =-.fibers-text~ile~~ pr~o~~ducts
Organization revealed last 'Ihe semi-go~�ernmental trade by~:3 per
ceTan~6fack &
~�cek. organization said that Japanese wtyite ~elevision~sets by 2.7-fold.
JETRO said that both Japa- exports to China in the first half , On the,ot}ier hand, it said that
nese exports and imports in the reached ~2,795 million and j expprts`oi~ steel, which had
first half t January-June) oi !mports S2,3i 1 million for an ranked after machines as the
1981 expanded favorably. overall trade oi ~5,166 million, ~ biggest export commodity,
Compared to a year ago, up 29 per cent from the same ` showed a 5 per cent decline to
it said that exports rose time of lasl year. For a half- i $653 million.
- b~� 37 per cent to a value of year period, this was the; 11~eanlime, imports of crude
about 52.8 billion and imports largest atter that for the last oil reached 51,048 million (up 27
b5~ 21 per cent to 52.4 billion, half of 1980. ' per' cent), and coal imports
both on a cLLStoms-clearance Ils share in the total value of grew� by 81 per cent to a value
basis. � Japan's export-impurt trade as of $78 million. Imports oi
This is because shipments to to exports ran 3.8 per cent, or fibers~textile products fell by 4
C'hina of machin!~ry and plants fourth after the U.S., West per cent lo S653 millior,.
w~hose contracts wc:re signed in Germany and the Republic of As to trading volume in
- the past befure Beijing's eco- Korea, and 3.3 per cent as to entire 1981, JETRO lelt thal
nomic adjustment steps pro- irnports, or sixth after the U.S., exports would remain unchang-
gessedsmoothly. Saudi Arabia, Indonesia, ed from the.preceding year at
= However, w�ilh the advent oi United Arab Emirates and about ~5.1-5A billion, while im-
June, exports registered a Australia. In other words, the ports would chalk upan about ]0
munthly decrease of about 5100 share of trading with China per cent gain to 5,4.9 billion.
million. This indicaled that w~ent up from last year's 7th It based its forecast on the
C'hina's economic adjustment place both as to exports and follo~�ing factors:
F~a~~e begun to take effect. imports. -Exporls in June show~ed
JETRO thus tigured that Exports of machinery-plants monthl~ dc~cline of 5120 million. ,
H�hile there w~as p~~~sibility of reached S1,467 million, ac- -nrders for mdchir;ery-
.lapan-China export~import counting fur nearl}� hali of the plants ~~hich had 1ed exports
trade in thr calendar ~�ear total exports and scoring a 79 ~'ill fa11 :�harpl~~, and export
atlaining the S10 billion level per cent gain over a year ago. shipments (or goods contracted '
for tt~e first t ime, exports would Exports of generators rose by be~ore China's economic ad-
be lhe same as thal for last 3.6-fold. The gro~~lhs of trans- justment steps will terminate at
year, and irnEx~rts would be porl-rclated machinery exports the start of autuma
liiniled to a~~crerly gain of also were conspicuous. Motor- -Not much hope can be
around ]0 ~u�r c�~�nt. cycles grew 26-fold over a year pinned on a recovery Qf steel
ago, passcnger cars by 3.4-fold and ship exports.
CSO: 4024/17
10
FOR OFFICIAL USE ONLY
APPROVED FOR RELEASE: 2007/02/09: CIA-RDP82-00850R000400070005-5

APPROVED FOR RELEASE: 2007/02/09: CIA-RDP82-00854R000440070005-5
- FOR OFF1ClAi. USE ONLY
FOREIGN TRAl1E
BRIEFS
PRC,JAPAN FERTIL:CZER EXPORTS--Tokyo, 21 Sep (JIJI PRESS)--Japan and China signed an
_ agreement in Bei~i.ng (Peking) Monday on chemical fertilizer exports to that country
in the first hali:~of the 1981 fertil:~zer year (July-December). Under the accord,
Japan will exporL- :d.50,000 tons of ammonium aulfate and 380,000 tons of urea, both
unchanged from ttie previous half-year period. Shipments will be made from this month
to January next year. Export prices o.f ammonium sulfate and urea have been lowered
by 10 percent eac:h From the pr~vious period, reflecting the easing demand-supply
situation of iiitroge~nous fertilizers. '1"he total export value is estimated at 106.7
mill.ion dollars. [7'ext] [OW211445 Tokyo JIJI in English 1419 GMr 21 Sep 81]
CSO: 4020/3 E~
11 ~
~n~x n~~rrr,?> > ic~ nNi v
APPROVED FOR RELEASE: 2007/02/09: CIA-RDP82-00850R000400070005-5