75.
nood not preclude the development of closer trade relations between China and the United Kingdon since each country produces goods which the other noods - antimony, silk, tung oil, and certain foods (boans, toa, and aggs) in China, and consumer and capital manufactures generally in the U.K. The revival of trade since the war has buon considerable in face of the difficultios which have impeded it, but our experts to China havo developed more rapidly than her exports to us, as the table below shows.
Our current preoccupations with dollar difficultic our overall deficit on foreign trade account may make it difficult to stimulate trade with Ching in the immediate future. Briefly we shall have to reserve our exports to pay for basic essentials-noat, wheat, etc. which wo cannot do without. If China can sell us those trado will bo possiblc. If howevor she can only provide goods of secondary importance and we cannot afford thom (desirablo though it might be to have then) we shall not be able to spare the necessary exports.
During 1946 our imports from China were as follows:
Value ('000) Dairy Produce
Ton
204
Silk cocoons and wasto of all
kinds
3
Silk, Row
Scods and nuts for oil, oils,
fats, rosins and guns
82
940
Bristles
1,155
Other Miscellaneous raw materials and articlos mainly manufactured
108
Non-ferrous metals and manufactures
thereof
0
Silk/
148
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