CHINA: No Likin

Government in China is a sensitive plant, dependent on the weather. In summer when the weather is warm, Chinese politicos take the field. The Nationalist government must bend all its energies to preserving its existence amid ceaseless civil war. With the first frosts the troops in the field, like the sap in the trees, are stilled. Last week rebel troops were sufficiently frostbound to allow T. V. Soong, China's able, Harvard-trained Finance Minister to promulgate a law for which he and foreign traders have been agitating for years. The likin or tariff...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!