China would welcome foreign capital to reconstruct China, devlared Mr. Chu Chao-hsin, Vice-Minister of Foreign Affairs, in a Weekly Memorial Service at the Canton Branch Political Council this week.
He began by saying that all the foreign diplomatists in China a showing a spirit of friendship and sympathy towards this country and that some of them have already centered into reciprocal treaties with the National Government. The main object of these new treaties is an adequate protection, so that foreigners can carry on trade in China, China will net only protect the flow of trade between this country and foreign nations, Mr. Chu said, bout is glad to welcome rereign capital for reconstructive work, He point ed out that 50 years ago Japan borrowed foreign loans to develop her industries. The same policy was pursued by the United States 60 years ago when she obtained loana from Europe to improve her commerce. Both countries were benefited by these foreign investments. Since China is 80 poor, she should also follow the steps of' Japan and the United States.
Text read from the printed page and cleaned; old type leaves the occasional error.