A Chinese named Chou Fu-hai last week made himself the most important personage—if a straw man can ever be more than an effigy of importance—in the Japanese-controlled Nanking regime of Puppet Wang Ching-wei. He is Nanking's Minister of Finance. His importance was not due to his talents or virtues; it was due to the simple fact that the war in China, having reached a stalemate militarily, had become primarily an economic war. If the Nanking Government can pay for itself and for the Japanese Army of Occupation as well, Japan will have...

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