Special Report. Shanghai, China. January 24, 1939. 1p
Note: The material included in this report was prepared as a general introduction to our Annual Report on economic, financial, and trade conditions in 1938. Since the military and political aspects of the present upheaval in China bear so directly upon trade activities and outlook, it would seem impossible to present an intelligible tratment without at least reviewing the significant events in these categories as necessary background. The material hereing had been roughly drafted prior to recepit of the Bureau's instruction by radio to the effect that the annual report, unless already completed as an exhautive study, might be submitted within the compass of five to fifteen pages.. Rather than scap the material already prepared, it is submitted in this form as a special report.
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