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Updated: May 16, 2025
Consider central Europe's most advanced post-communist economy. One third of Hungary's GDP, one half of its industrial production, three quarters of industrial sales and nine tenths of its exports are generated by multinationals. Three quarters of the industrial sector is foreign-owned. One third of all foreign direct investment is German. France is the third largest investor.
Nothing of the kind. On a recent trip to Wuchow I saw scores, and possibly hundreds, of small steamers and launches crammed with cargo and passengers, or towing strings of deep-laden junks, but they were all Chinese-owned, while the only foreign-owned vessels to be seen were a few gun-boats and less than half-a-dozen steamers, which it is generally believed barely earn enough to cover expenses.
The problem of ship control would at best fall to the loading commission, which should be settled upon as an established authority to make a comprehensive survey and appraise the German steamers for military transporting. This commission should also list the foreign-owned steamers which might be available in the harbors for use in emergencies.
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