The Development of China By Kenneth Scott Latourette
The Development of China By Kenneth Scott Latourette
Latourette, Kenneth Scott, 1884-1968
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The purpose was to assume the international control of all further loans to China and so to prevent the various countries from acquiring special privi- leges and threatening the partition and inde- pendence of China. Such a group, if rightly managed, could help China back to solvency and financial independence. For a time Japan refused to join the consortium unless Eastern Inner Mongolia and Manchuria were excluded from its operation, for she feared for her hold- ings in these regions. To this ...exception, how- ever, the United States would not accede, and in May, 1920, Japan withdrew her objections and entered unconditionally. Japan has hoped, and still hopes, to lead China into the new age. While disclaiming all desire to end Chinese independence, she feels 238 THE TRANSFORMATION herself peculiarly fitted to be the apostle of the Occident to the Far East. She believes that she understands the Chinese better than do Westerners, and her leading spokesmen have suggested that Europe and America furnish the capital and Japan the brains for the indus- trializing of China.
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