CHINA’S SORE STRAITS.
A STRONG GOVERNMENT WANTED. By Telegraph.—Press Assn.—Copyright. London, Jan. i-j. The Peking correspondent of the Times draws a gloomy picture of China’s sore straits. Split into factions under a new weak government, whose existence is pr-carious. the country is confronted with incessant civil war and political chaos. The Liberal leader Wupeifu is assembling large forces on the Y( llow River near Chingehow, and threatening the capital.
The Government's credit is so low that stabilisation depends on foreign loans, but the foreign hanks are standing aloof, fearing a collapse.
A curious situation is disclosed by the fact that the Customs revenue is steadily increasing. A -foreign loan could completely ensure solvency, as there is plenty of money available, but the trouble is to find a government to whom to entrust the funds, otherwise China is faced with bankruptcy.—Times Service.
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Taranaki Daily News, 17 January 1922, Page 8
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141CHINA’S SORE STRAITS. Taranaki Daily News, 17 January 1922, Page 8
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