'The degeneration of China's silk' industry may be attributed to causes oth internal and external, continues, Mr. Wang. In every. country there must be some special. production in which the State joys a special trade. Silk, for stance, is a special product of which China' has for 4,000 years been proud and it is on this that mil. ions of our fellow countrymen depend for a living. To be brief, this industry might fairly well represent. the livelihood of the masses in China, When our country first entered into business relations with foreign countries, she was more than able, to cover her imports with the export of silk alone; but now with the keen French and Japanese competition China loses heavily in her foreign trade.
Following the loss of her exports she has been and still is overloaded with imports. According to our late leader Dr. Sun Yat-sen, China loses about $500 million ann ly in her international trade.
Text read from the printed page and cleaned; old type leaves the occasional error.