The China of Chiang K'ai-Shek: A Political StudyLinebarger, Paul Myron Anthony
History
The China of Chiang K'ai-Shek: A Political Study
Linebarger, Paul Myron Anthony
Chiang, Kai-shek, 1887-1975; China -- Politics and government -- 1912-1949
The Commission on Mongolian and Tibetan Affairs (_Mêng Tsang
Wei-yüan-hui_) is the supreme agency for the dependencies. It has a
record of considerable success in fostering a good-neighbor policy
toward the half-autonomous dominions of Chinese Turkestan (Sinkiang,
also called Chinese Central Asia),[16] Tibet, and Inner Mongolia. Outer
Mongolia is under indirect Soviet control, and Eastern Inner Mongolia
under the Japanese. The Chinese have utilized every device of courtesy
and diplomacy in retaining their precarious grip on these areas. The
Commission includes dominion members.
[Footnote 16: Among the recent books on Sinkiang, one, unusual because
it is by a Chinese author, stands out: Wu, Aitchen K., _Turkistan
Tumult_, London, 1940. The travel books of Sven Hedin, Ella Maillart,
Peter Fleming, and Sir Eric Teichman also contain material of
political interest.]
THE ECONOMIC MINISTRIES
The Ministries dealing in economic matters bear the ultimate burden of
resistance. Upon their success depend China's tools of war. If
artillery, aircraft, machine-guns, munitions, food, clothing and other
necessities are not available to the central armies, the opportunity for
counter-attack may come and go, and China be lost--not through the power
of her enemy, but through her own weakness. Unless economic mobilization
succeeds, the guerrilla warfare in the occupied area will be frustrated,
since its purpose is merely to prepare for a _révanche_ from Free China;
history affords few examples of guerrillas defeating mass armies,
fighting positionally, without the intervention of other mass armies.
The Ministry of Finance (_Ts'ai-chêng Pu_) is the leader of the Economic
Ministries. Headed by H. H. K'ung, successor to the celebrated T. V.
Soong, it has performed fiscal miracles in maintaining the credit of the
National Government. Chief among its accomplishments has been the
institution, within the past decade, of a managed currency on the
gold-exchange standard. Specie had been the immemorial medium of
exchange, and Chinese experience with paper money--from the earliest
times to the present--had been unfortunate. Starting with the 1860's,
China had undergone one paper-money inflation after another.
Governmental currency was frequently a receipt for silver on deposit, in
which case it amounted to no more than a commodity warehouse
certificate, thereby subject to discount for transportation charges, and
fluctuating meanwhile with the world price of silver; otherwise it was
fiat money, guaranteed by stranglers' cords and long knives. Fractional
coins passed by metallic weight; the shifts in the price of copper in
New York and London determined the number of pennies which farmers
received for their silver dollars, even on the threshold of Tibet.
Public-domain text, read in full here on John Shaqi.
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