MODERN CHINA'S GROWTH.
BIG MARKETS OPENING. PROBLEM OF THE EXCHANGE. (By Telegraph.—Own Correspondent.) WELLINGTON, this day. "It is a revelation to see what a tremenelous change has taken place in the mind of the mass of people both in China and Japan," said Mr. Frederick Waller, of Los Angeles, who is an authority on the Orient. "That national self-confidence of the younger Chinese generation is so pronounced that in certain • instances it resolves into disrespect of the foreigner. The entire movement marking this new era in Southern China is originating from young men who have studied abroad, and I should say 80 per cent of them have been educated in the United States. "There is no doubt in my mind that China needs industries. - It is true they are being established now. It is only a question of further political developments for them to receive a greater impetus. At present the exchange, question is affecting business tremendously. If this exchange problem is solved, as I think it will be in the next few months, China will be a great market for America, Britain and other countries."
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Auckland Star, Volume LXI, Issue 59, 11 March 1930, Page 8
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186MODERN CHINA'S GROWTH. Auckland Star, Volume LXI, Issue 59, 11 March 1930, Page 8
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