German Trade Hit By Far East Crisis
Reich's Commerce With China More Than Twice as Great as That With Japan
"...Germany's trade with China is more than twice her trade with Japan,
her Chinese investments are incomparably larger than those in Japan
and aside from the possibility of a transient war trade boom with Japan
the ultimate prospects of trade with China - which is just beginning
to industrialize itself - are greater than the prospects of trade with
Japan which is Germany's greatest competitor in finished goods. This
added to the sudden paralysis of trade with China makes the Sino-Japanese
conflict a heavy blow to Germany which is felt more keenly, perhas,
in Hamburg and Bremen counting houses than in the purely political quarters
of Berlin. The latter are apt to feel thinly disguised satisfaction
that powers like Britain, whom they blame for excluding Germany from
the white man's privileged position in China following the war, stand
to lose more. But this is scant compensation for the actual losses suffered."
Germany Arming China British Writer Says Berlin
Does Not Want Japan to Win
Special cable to the New York Times:
Despite the German-Japanese anti-Communist pact, Germay is sending
large quantities of munitios to China "and is prepared to send much
larger quantities," W.N.Ewer, The Daily Herald diplomatic correspondent,
reported from Geneva. Explaining that this "is not at all as crazy
as it may sound," Mr.Ewer said Germany wanted Japan to oppose Soviet
penetration of China, not to conquer it or liquidate all European
financial interests there, including Germany's. He added that Germany
was trying to convince Generalissimo Chiang Kai-shek that he should
depend on her, not on Russia. If Japan wins, he asserted, Germany
is likely to mediate to obtain better terms for China by playing on
Japanese fears of Russia.
