Japan now considers Hong Kong to be her finishing factory in the export of cotton goods to America. Spinning. weaving. and finishing factories are now established and working briskly in Hong Kong to make the consolidated production from spinning to sewing within the territory of Hong Kong for export to the United States. In Hong Kong today. there are many refugees from Red China and many of them have established factories there as the last place of their investment. It is interesting to note that this is a British colony and that there is an annual profit of some $400 million for the United Kingdom interests from these understandard operations with which our people are becoming increasingly in competition. Much of this production uses American produced cotton.
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refugees