FOREIGN TRADE: The Sun Comes Out

Even after war's end, Shanghai, greatest trading city in China, was cut off from foreign trade by a financial barrier as insurmountable as the Great Wall. Last week, TIME & LIFE Correspondent John Walker reported that this wall has finally been breached.

After a series of overcast days, the sun burst out over Shanghai's busy river front this morning. There was a sparkle of excitement and hope in the air.

It was more than just a change in weather. Today Shanghai's great foreign banks opened their doors again, the first step toward restoring trade to this city of traders. The banks...

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