In Manhattan, U.S. businessmen formed the China-America Council of Commerce and Industry, chairmanned by Thomas J. Watson, International Business Machines Corp. president and global good-willer already busy with ten other peace and international trade groups. The council of bigwigs is ready to supply China with everything from Pepsi-Cola to locomotives and Arrow collars. The C.A.C.C.I. plans to open an office in Chungking to facilitate two-way trade. This may well amount to a thumping total. In 1929, China imported only some $140,700,000 from the U.S., out of total imports of $820,000,000. With Germany and Japan bombed out of the...
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