Shanghai, May 4, That China is racing an unprecedented economic crisis was the warning sounded by the "Centea China Daily News," a Chinese daily, its leading article yesterday. The Paper pointed out that, due to poor conditions in rural districts, silver had been steadily flowing to treaty ports and was. being gradually ex: ported to foreign countries, One-Afth of China's national wealth wa concentrated in Shanghai alone, it said, The paper gave os main sons of this abnormal situation the under-development of home industries, banditry, and illegal taxation in the interior. Unless something done immediately to remedy this lion, the paper expressed _the fear that the country will be bank-
Text read from the printed page and cleaned; old type leaves the occasional error.