Carrol Daily Times Herald from Carroll, Iowa on April 14, 1976 · Page 7
Get access to this page with a Free Trial

Carrol Daily Times Herald from Carroll, Iowa · Page 7

Publication:
Location:
Carroll, Iowa
Issue Date:
Wednesday, April 14, 1976
Page:
Page 7
Start Free Trial
Cancel

Red China's Trade Leap Forward Called Well-Oiled Achievement HONG KING — (LENS) Mao's China has overcome its balance-of-payments crisis. without letting the outside world know it ever had one. Fairly simple sums on other countries' published trade with China suggest that the People's Republic ran a sudden and unexpected deficit on visible trade of around $1 billion in 1974; the usual surplus on invisibles — the money China earns from the profits of Communist-run enterprises in Hong Kong and from overseas Chinese remittances — means that the total current deficit may have been only half as big. In 1975 the trade deficit was probably down to about $500 million, with a total current deficit of maybe $100 million. This year trade may be nearly balanced, arid the invisibles should still be in healthy surplus. In 1974 China was buying heavily from abroad, both agricultural products (especially from the United States) and machinery and plant (especially from Japan and Europe). Its imports soared far above the previous post-1949 peak: but its exports did very poorly, particularly in the second half of 1974, when world commodity prices Tlmet Herald, Carrel), la. Wednesday, April 14, 1976 started to collapse. In 1975 the Chinese were worried, and moved swiftly. There were big cancellations of their orders for imports of food and grain (including the entire $150 million of wheat and corn which the Chinese had contracted to buy from America, other orders for soya bean and sugar imports): and China shifted from being a net importer of cotton to a net exporter. Machinery imports went on rising (maybe by 30 per centi. largely because western countries and Japan were delivering the plant ordered by the Chinese the year before. But (he biggest dent was made in 1975's trade deficit because the Chinese managed to double their oil exports to about $1 billion worth, selling not only to Japan (which was and is their main oil mnrkct i but ;iN» the Philippines. IUmu Ki' Thailand and Kumania. Th« American Rtd Crou the good neighbor. RATH HICKORY SMOKED RATH SMOKED HAM O VC BUTT PORTION Q/u RATH SMOKED HAM SHANK HALF Lb RATH SMOKED HAM BUTT HALF tb . CENTER CUT $139 Ham Slices I u, FARMLAND CANNED HAM 3-Lb. Tin * JH OO Gold Bond Stamps COSTELLO FROZEN DESSERT Assorted Flavors FLAV-O-RITE Strawberry Halves 10-Oz. Pkgs. ORE-IDA HASH BROWNS 2-Lb. FLAV-O-RITE TOPPING SUPER VALU MIXED NUTS 25< Off Label LAUNDRY DETERGENT FLAV-O-RITE PEANUTS .11-Oz. Salted in the Shell CORN CURLS CHEETOS 9-Oz. Reg. 79< DUNCAN HINES BROWNIE MIX 84-Oz. Box GEDNEY Fresh Pak Reg. 24 j"° 1 '' Kosher or Polish Spearsi PILLSBURY EGG BASKETS Oz. RHOADES 12 Pack DINNER ROLLS SUPERVALU p Bathroom Tissue ELF Brand Jellied or Whole, Cranberry Sauce ORANGE JUICE MINUTE. MAID COLGATE TOOTHPASTE 5-Oz. EVERYNIGHT SHAMPOO EVERYNIGHT SOFT RINSE GALA SCHMIDT or GRAIN BELT NAPKINS KRAFT ORANGE JUICE Gal. Thursday! SHOP HARDER COUPON Coupon good ONLY at B & H SUPER VALU American Crystal 5-Lb. or GW Beet R ' SUGAR I I 1 coupon with $5.00 order Req. $1 .20 With this coupon 2 coupons with $10.00 order ^ ^ and $5 00 order 3 coupons with $15.00 order 4 coupons with $20.00 order Limit one coupon per family. COUPON REQUIREDWITH PURCHASE! Coupon Good Through lues., April 20 SHOP HARDER COUPON Coupon good ONLY at B & H SUPER VALU WHITE BREAD 1 coupon with $5.00 order 2 coupons with $10.00 order 3 coupons with $15.00 order . 4 coupons with $20.00 order COUPON REQUIREDWITH PURCHASE! with thjs coupon ' « Coupon Good Through Tues., April 20 SHOP HARDER COUPON Coupon good ONLY at B & H SUPER VALU ANY 4 Reg. 15' CANDY BARS 1 coupon with $5.00 order $aV6 32 C ,.,.. u .,_2 coupons with $10.00 order «' V1V ^ ' *• With this coupon 3 coupons with $15.00 order and $5.00 order • coupons with $20.00 order Limit one coupon per family. COUPON REQUIREDWITH PURCHASE! Coupon Good Through Tues., April 20 SHOP HARDER COUPON Coupon good ONLY at B & H SUPER VALU KAP'S POTATO CHIPS 1 coupon with $5.00 order 1 coupons with $10.00 order ass wi!n sa as 68* ' **** With this coupon an( j $5.00 order Coupon Good Through Tues., April 20

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free