Walled off from the rest of the world by high mountain ranges the east, south and west and by vast tracts of desert land to the north, the Province of Grechuen during past centuries has developed along its own lines, apart from the other provinces. of China and, even more so from. events which have stirred the rest of. the nation. Even modern communications—the steamship, the motor highway, and the radio—have done. but little to lift the major portion of this region out of its isolation.
But to-day, all this is changing, and changing rapidly, with the movement of the National Government offices to Chungking and with a great Per Capita Income Continuing, the Vice-Minister declared that China's per capita annual income was approximately $30, and the loss on cash crops, because of the war, was about $$. Therefore, the national income had decreased by Only about one-sixth, excluding wastage in the form of munitions and war activities.
Since the beginning of the wor, Dr, Ho went on, the Chinese Government had organized three commissions—the Agricultural, Industrial and Trade Adjustment Administrations—for the purpose of counteracting the effects of the war and adjusting contradictory, features of China's economic life. These, ha said were characterized by a development of modern industrial economy in large towns and the extreme medizvalism of agricultural methods in the distant provinces.
The war, Dr. Ho pointed out, had seriously affected China's economic life, Therefore, China could only increase her capacity to resist through increasing her economic capacity.
Text read from the printed page and cleaned; old type leaves the occasional error.