the Japanese increased their private and government investments in other industrial sectors: Fertilizers Dynamite and other explosives Machine tools Electric engineering Heavy chemicals Heavy Machinery and Locomotive construction Nippon Lurgi Goshi K.K. of Tokyo, the Japanese Lurgi office in Tokyo, using industrial licenses of Metallgesellschaft-Lurgi Frankfurt am Main A.G. of Germany, installed the following industrial plants in Manchukuo: Shale Plant at Fushun, Manchuria (Co-property with Japanese Navy) Manshu Gosei Nenryo, Chinchow (Kinshu) Manshu Yuka Kogyo K.K.Ssuningkai The Japanese company mentioned above decided during the war to install a similar factory in China to process the coal of the Mengchiang and Hopei areas: Kalgari Factory, Peking Other Japanese development projects In 1943 the Japanese began the construction of a river channel to ease navigation from Mukden-Anshan-Sinku (Sing-Kow) to the Chili Gulf. A second goal was to regulate the flow of the Liao-ho river on the left side of Fushun en route to Mukden. This project permitted easy access for merchant vessels to the heart of the Manchukuan Industrial District. At the same time the Japanese planned the construction of power plants in Sungari and other rivers for magnesium refining and other developments. Finance Before 1932, the economic situation was chaotic, but the establishment of the Yuan of Manchukuo as the local monetary unit in parity with the Japanese Yen, and establishment of the Central Bank of Manchou as the central bank institution produced a relatively stable business climate. Notes Further reading Manchukuo