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Ashes of the East: Sino-japanese Cement War (1927~1937)

Lu Zhengliang

214K0

The history of the world economy in the 20th century is a history of crisis transfer. In the 1920s and 1930s, China could have stayed away from the global economic depression, but the storm of crisis still blew in through the window of Japan. Overcapacity, financial constraints, failed currency reform, international balance of payments imbalances... Japan's economic problems need to be passed on to the outside world, and China has become the last resort to absorb international excess production capacity. Even cement, a bulky commodity that is not suitable for international trade, has suffered high levels of dumping. Japanese companies do not hesitate to "go bankrupt for the country" and use weapons such as exchange depreciation, shipping subsidies, and agreed tariffs to try to strangle Chinese national cement companies such as Qixin and Huashang with low-priced cement. This book is an economic history monograph with the theme of commodity dumping. It shows a battle to defend the national economy jointly staged by national cement companies, the Nanjing National Government, and various social groups under desperate circumstances.