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This section offers news briefs related to businesses outside the U.S. as of September 1937. Exporters in Germany fear drastic decline in their performance since an outbreak of hostilities in Shanghai, China was reported. Businesses in London, England expect an improvement in their income despite the increased materials costs during the year. The Russian government launched a program which aims to promote the daily production of several commodities like coal, steel and oil.

China's loss of her complete freedom to levy and fix her customs duties within her own territory dates from 1843. Prior to that year, the customs rate was determined by the Chinese Imperial Government and collected by its customs officials at Canton. Under the pressure of force, China was driven to accept a customs rate based upon a uniform 5 per cent ad valorein, both for imports and exports, as part of the Nanking Treaty ratified at Hongkong on June 20, 1843, which thus marked the beginning of the history of China's present tariff system.

The article comments on Japanese industry and Asian markets. With heavy competition from Shanghai textiles in Southeast Asian markets, and last year's trade with Communist China represented only 1.1 percent of total exports, some Japanese may entertain private doubts whether Asian trade will ever again provide a solution for their country's economic ills. But they dare not publicly admit to these doubts. Economically, Japan-China trade is today generally viewed as at best a palliative, not a remedy, for the nation's imbalance of international commerce.

The article features West German industry as it ranks third in world exports and rising fast behind second place Britain, and U.S., first, in 1959. German exports reportedly soared from two billion U.S. dollars in 1951 to 8.8 billion U.S. dollars. It describes how Germany has gradually become an international banker and investor in order to export its goods. It details key areas where German industry has been successful including Latin America, Red China and the Middle East with its investments such as in machinery, automotive and chemical industries. INSET: Businessmen Who Set a Fast Pace For West Germany's Postwar Recove.

The article presents information on political conditions around the world. Dispatches from Lima in the past few years make it clear that things are not going at all well for the program of the U.S. delegation. Announcement that the Import-Export Bank is prepared to advance credits is prepared to advance credits to finance the export of the U.S. products to China, which has now been followed by the decision to continue the extension of credit to China against gold held in this country, is heartening news.

The article discusses the concerns of the U.S. in relation to free world trade with Red China as of May 1953. U.S. Senator Joseph R. McCarthy charged the British with the transportation of Communist troops along the China coast, increase in Western exports to Communist China, and 162 free-world ships engaged in trade with China. The British contend that trade has been on nonstrategic items and that a trade embargo would endanger Hong Kong. Many Americans insist that any trade strengthens their economy.

The article discusses the progressive economy of Shanghai, China. It relates that the city has taken almost without an effort the great trade that once centred in Canton. It states that every year shows a greater amount of tonnage in the Woosung river and larger exports of tea, silk, and cotton. It outlines the lifestyle of the people in this place. It mentions food, attractions and things that full foreigners to Shanghai.

The article discusses the effect of national movements toward economic self-sufficiency on the value of exports from the United States in 1931. Topics mentioned include statistics for American exports in 1914, 1930, and 1931, the statement of the Indian Merchants' Chamber commercial association urging consumers in India to buy only Indian-made products, and the establishment of a central planning commission in China after the Soviet model.

The article examines the potential impact of the United Nations (U.N.) embargo against China. It is suggested that the embargo will have a limited effect on China due to its vast land mass and its self-sustaining peasant economy. The embargo also has flaws in several areas, including transshipment and reexport. A naval blockade was proposed by U.S. General Douglas MacArthur to boost the embargo.