CHINA: Dragon with Convulsions

In Hong Kong, the keyhole which gives the West an occasional peek inside Communist China, British businessmen have long felt that the Chinese Reds were here to stay. They scoffed at Americans who argued otherwise. Last week Hong Kong's respected weekly Far Eastern Economic Review, organ of influential British Far Eastern traders, sharply reversed itself.

In a remarkable lead editorial, the Review suggested that the Red regime of Mao Tse-tung may be racing toward a disaster "frightening in its immensity. The present domestic policy [of the Red government] involves a continuous series of convulsions which are shaking the economic machine...

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