In order to solve the problem of social welfare and protect our industries from the encroachment of foreign countries, we must first have political power in our own hands. [China at the present time hus lost this, power, being hampered by the trea ties, and instead of protecting her own native industries, protects the foreign ones instead. This is because, of the development of foreign capitalism and machinery, and the priority of their economic position. At the back of their economic power there is political power.
During the European war, Chinese factories were able to make money. because there was no foreign competition, but after the way foreign yarn and cloth came in and caused lus to lose. As to the clothing prow blem the chief difficulty is the cotton industry which at present is unsurmountable. The Chinese cotton in. dustry is in its infancy; ong
Text read from the printed page and cleaned; old type leaves the occasional error.