The flag of Japan's Rising Sun flew in Peking last week alongside the five-star banner of Communist China. Below, on the stone gates of a huge hall built by the Russians two years ago to house their industrial exhibition, the legend "Chinese-Russian Friendship" had been scraped out, and the Chinese had diligently chiseled instead: "China-Japan Amity." Peking, exploiting any opportunity to loosen Japan's ties with the West, had decided to make a big thing of a Japanese trade fair, the first since the prewar days when North China was the biggest market in imperial Japan's "Greater East Asia Co-Prosperity...
CHINA: The Old Yen
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