MARKETS IN CHINA.

Manawatu Standard, Volume LVI, Issue 308, 26 November 1936, Page 9

MARKETS IN CHINA.

BRITISH INQUIRIES. (British Official Wireless.) RUGBY, Nov. 24. j The Chief Economic Adviser to the j Government (Sir Frederick Leith-Ross) < referred to Jiis recent mission to the Far East, <liis afternoon. Dealing with Japan, he said there was a growing recognition that cooperation with the United Kingdom was desirable, and it was much hoped there that some understanding could be arrived at. In China during the past five years olie Central Government had initiated and carried out schemes of reform and development on a large scale. Administrative measures had been taken which circa inscribed the damage caused by smuggling. The danger of civil war in the south-west had been eliminated by agreement, and the National Government was now in full authority over the whole of China. There was much yet to be done. Currency reform required completion by reorganisation of the Central Bank. The Budget needed to be balanced and public services reformed and strengthened. Fundamental conditions for the development of trade were present. A prosperous China was the largest undeveloped market in the world for manufactured goods.