CHINA'S FUTURE.

Dominion, Volume 3, Issue 728, 29 January 1910, Page 12

CHINA'S FUTURE.

■■,■. ".OS 1 , IMPOSTS,: 1%; ■ ' '(■: Hong-Kong exchanges! by.\ the steamet .••'■ . Jastern to January, i show that the re.v. turns of the trade of:.China during:l9oß: . bear. out. -the " pessimistic predictions . made; ':■ Out of 23 : countries' doing bud-;. :.n'ess. .with'.China,.. 21 sent goods' of 'leas.-. "'•■■ Value, ■'■ and'-'ll'-'.goods .'of.•■'greater rvalue,..; .'than in .1907.:"' The, net; value i of; the, r - : .' imports in 190S "wis'-:391,505,478 taels,- : as :' ■, against 416,401,369' taels for. ;1907. ■' Grea,t ; ,: . .Britain, and her,: dependencies,. however,. ',-secured .ri; large share of.this trade.',;-A !, finariciar.'.writer'. in. the. "China',Post",esti*; '~ mates - tnat, .the., amount'.,of - wealth. ..re- ,",' J,"hutted Oiome, annually bv-'Chinese'tesid--, ing. in foreign countries is not less thai 30,000,000 yen, while,lo,ooo,ooo yen^isan--' '.'liually, brought; to China..; .by v. returning . . Chinese:. !-.i^-'::;':.■;■'.'•■ : '^-'r-, ':»;■■ ■■:;'"■. : ' :^:.;, ■;..'■,■■■'■; ■■ U. The' proposal :of.-Mr.; Noel 'WilliamsoL,:.':!at*;,politicnl,. officer -in .India, 'for >the '-'- '. linking of India With Western Chinaby j ■means of: gyvoscopic-mono railway.is .at-'■:■■' . trading: considerable attention. ■«!. China. .: The..line-;WOuld;.;resuli ;in an enormons■'.■■ development of trade.-; : ,.' ~'■ > -,-'. .-: The."China :Post,"- ; commenting .on "the •: American "Steel.Trust .and .China's';:na- ■"' tural Wealth:in the province of Shansi,.. suggests that'.thb former 1 are desirous.'of ■ gaining, interests' inaregion where cheap:. .labour must place ■''the -Chineso', steel,, .'manufactures outside" the-scope oft ordinary- competition.'.'. Some Americanrpapers •predict' that;' a generation: henco« ! the. .United' States "Steele. Corporation, will ; dominate'the : steel business,of- the Par '■ ": East' ns completely -as. it-now does.that . of the United States, '■ andi tha't-.a' huge; ■'; 'speculation in Oriental development; is ■ now-.being, planned- by Amorican'iron* ihasws.';.. '■:■'* ■•' ':'■'.■:.>!'- : ;.-.•.•■•;.•> ■^^■^■kj ••■