Given sufficient measure of 's¢- curity, the fundamental principle which' must be adopted if a larger market in China, is to be created for United Kingdom goods is, that ce-operation with Chinese inter-lests.. It is considered that any new established purely, British "(or ther foreign). undertaking in China would be far less successful than an organisation which definitely set out to' ce-operate to the fullest possible extent with corresponding Chinese business men or interests. The re quirement of China snot xo mach undertaking by exclusive. foreign interests of economic' development schemes in that country thorough and friendly ce-operation with China's business "men and leaders of industry, in order. that they "may themselves eventually} assume that measure of control) be incontrovertible fact. that 'a well ordered and progressive China wilh fiferd much greater. market, Yor the manufactures of Great Britai while she will herself produce on Jan economic basis a mich greater Javantity of exportable goods' and fuficency of Zoodstuts to feed her oven population, From the above evident that there isa For contact. between. large British manufacturing interests and th section of enterprising Chinese business. man and others; who are anxious for progress, but unal step forward without. consid help. A "suggestion that a sdctety lor group of Bri interests, desire and their own hi formed for active" tion' with a view to participa. sideration, If a corresponding. bod tion, is worthy of very serious ea
fof" progressive" Ghineteiniistria, ts ofall kinds could be formed and pertanalcontacta' made, "the fern fa cooperation an yt, but fobly atzempied would have been engendered, "This is no_ SUE stion tone final groop should deal Dut that there should be formed def with Another "nadonal group, nite sociations of individuals or firms both countries "having "as their Fundamental" object calecive Individanl work intended to advenes the ceonomie development of China, Shouig responsible: Chinese consider Ching's debt in arrears, and it, the latter which, until' some plan is evolved for their liquidation, a likely most to affect the credit of the country and to limit. the supply lof money for the various industrial schemes: favoured by the Government. The liquidation of theee debts for even a sound. scheme by. which they, may be properly funded would considerably enhance China's credit and immediately enable her to. further abend with re-organisation fand development schemes.
Inortant references are made to the development of China _as an industrial country, and the. Report points out the difficulties in the way.
rapid expansion in, that divec-China is basically an agricultural country and the vast. majority its people live on the vaward they obtain from agricultural pursuits and allied occupations, So far only the environment of some of the largest towns has industry develop= the modern sense, The Need for Peace It is dificult to forecast as to how fax China will become 'Indus tvialized in the future but it is jeertain that for a very considera time to come she will not be abl 10 aspire to industrialization on: the scale. of Western' "nations America. There is little doubt, how: ever, that with peaceful and bottled conditions great strides. will be doubt the, they "would rake grea!|ferve the common' meats "of the the above idea sound, there ix no endeavour to eliminate such restric-people and that China. will meed tions and impediments which, the most favourable archs, friendly foreign ce-operation end, There have already present hamper development on alien many suggestions. for scale commensurate with China's|operation between British and Chi-
Ineeds, and it is to be presumed tha' the Chinese Government and. loc nese interests for the supply of Joint capital and. British' technical Jauthorities would do the utmost to Skill and management, Hitherto ensure the success of schemes evolu there has been comparatively. small ved as a result of contact between members of, such national _ass9- advance in this direction owing' to ick of security. Given, settled jatiens, and which would enhance Government' and "ordinary" proteethe prestige of their country, There tion from interference there is. is mo easy path' of progress for: reason why. industry, for the pro-(China, but there is opportunity to duction of the common articles of sow the seeds for a brighter future livelihood should not proceed apace. for her people and there is great Without. such security In. the. kras need of representative Chinese who ter part of China yet "there has will resolutely and. courageously bboen great advance in the. 'Treaty seize that opportunity. Measures ports; with "adequate safeguards, industry. will spread to. centres in time bolster up an enfeebled condi-Gictated by expediency may' for a the interior, Such development tion, but the' planning of sound inst lead to a higher purchasing and sound" finance power with the result that bettor Services for imported foods nioat 0 which could and should be produced In'Ching, "AL the same time natural industries of China decline and less
Chinn ave available or suitable fess of the many fine produels for export.
Text read from the printed page and cleaned; old type leaves the occasional error.