"The house is burning down," said China's shrewd Premier T. V. Soong last week, "and I am too busy putting out the flames to plan rebuilding."
From wary Soong, this was a sensational admission. Chinese pessimism had given birth to a new fad: making book on the prospects of civil war between the
Government and the Communists. A Kuomintang party boss said the odds stood 49 for peace and 51 for war. A shade more optimistic, Sun Fo, President of the Legislative Yuan, rated it at 50-50.
As rival representatives vainly continued their negotiations...