d. The Woolen Industry
Although the whole of Northwestern China—about two-thirds of the entire country is a pastural land yet the woolen industry has never been developed. Every year, plenty of raw materials are exported from China on the one hand and plenty of finished woolen goods imported on the other. Judging by the import and export of the woolen trade the development of woolen industry in China will surely be a profitable business. I suggest that scientific methods be applied to the raising of sheep and to the treatment of wool so as to improve the quality and increase the quantity. Modern factories should be established all over northwestern China for manufacturing all kinds of finished woolen goods. Here we have the raw materials, cheap labor and unlimited market. What we want for the development of this industry is foreign capital and experts. This will be one of the most remunerative projects in our International Development Scheme, for the industry will be a new one and there will be no private competitors on the field.
e. The Leather Industry
This will also be a new industry in China, despite the fact that there are a few tanneries in the treaty ports. The export of hides from and the import of leather goods into China are increasing every year. So, to establish a system of tanneries and factories for leather goods and foot-gear will be a lucrative undertaking.
