ON NOVEMBER 4 the world was startled by the news that China had abandoned the silver standard. But this step merely rendered de jure a condition which had existed in fact since October 15, 1934. It was to the connected measures [i] that foreign attention was principally drawn. Chief among them is the nationalization of the demonetized metal. If there is considerable question whether this can be carried out completely, it must be remembered that in China reforms do not bear the literal signification that they do in the West.
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After earning a master’s degree in mechanical engineering from the College of Engineering and Computer Science, Anthony Y.C. Yeh G’49 returned to his native country determined to help the throngs of refugees fleeing into Hong Kong from mainland China. He.
There is little consensus about the impact that the Western colonialism had on China’s economy. This column revisits a period that saw China end centuries of relative isolation and open dozens of ‘treaty ports’ to Western traders, which shifted the focus of capital markets from inland areas to the coast. Western influence also increased the number of banks, firm investment, as