FOREIGN INVESTMENT

Dominion, Volume 37, Issue 228, 23 June 1944, Page 6

FOREIGN INVESTMENT

Will Be Welcomed By China CHUNGKING, June 21. “China wishes to live in harmony and peace with all nations. We respect every nation’s integrity and independence. We dream no dreams of domination. We have no territorial ambitions,” said President Chiang Kai-shek in a speech at a banquet in honour of the American Vice-President, Mr. Wallace. He added: “The Chinese believe in ever-increasing co-operation with other countries in economic, financial, cultural and political matters. China will welcome foreign investment and foreign technicians in the development of China’s immense material and industrial resources. “Pending the inauguration of collective security, which cannot be achieved till our enemies are annihilated, Britain, America, China, and Russia must shoulder the responsibility of maintaining international peace.” Mr. Wallace, in reply, said: “There is good reason to hope that the eighth year of China’s resistance will be the final year of Japanese aggression in China, Asia, and the Pacific.” ’He said there wore three essentials for the maintenance of peace in Eastern Asia and the Pacific —.Japan’s demilitarization, understanding and collaboration between the Pacific nations, and self-government for the peoplqg of Asia. Mr. Wallace declared that the Japanese were trading space for time, but that both space and time were against them.