CHINA: Soong's Song

A brilliant young Chinese banker of barely 38 swiveled round from his desk in Shanghai last week, peered keenly through tortoise rimmed glasses at a respectful group of correspondents, read in flawless English a crisp, resolute announcement. He was sick and tired, he said, of raising the scores of millions of dollars which Nationalist China has been squandering annually on bootless wars. He, T. V. Soong, scion of the great "Soong Dynasty" of Shanghai bankers, would no more be a party to China's orgy of military waste. In fine, he announced his...

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