CHINA’S PLIGHT.

Grey River Argus, 17 January 1922, Page 4

CHINA’S PLIGHT.

LONDON, Jan 14. The “Times’s” Peking correspondent draws a gloomy picture of China’s sore straits. She is split into factious under the new weak Government whose existence is precarious. The country is confronted with incessant civil war and political chaos. The Liberal leader, Wuperifu, is assembling large forces on the Yellow River, near Chengchow, and threatening the capital. The Government’s credit is so low that stabilisation depends on foreign loans, but foreign banks 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, and there is plenty of money available, but the trouble is to find a Government to whom to entrust it, otherwise China is faced with bankruptcy.