CHINA: Too Smart to Fight

"The House ofPeers throughout the war Did nothing in particular And did it very well!"

—Lord Mount Ararat in lolanthe

So well did the Chinese Government do nothing in particular throughout 1932—resisting even the temptation to go to war with Japan—that last week China's budget sensationally balanced for the first time in 21 years.

Not stupid sluggishness but an astute, courageous policy of Government inaction on a nation-wide scale produced this magnificent result. When Chinese district generals and provincial governors clashed in their provinces the Government, instead of expensively asserting its authority,...

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