2 APRIL 1927, Page 2

If this is a fair estimate of Chiang's intentions the

path may be made much easier for him by the general withdrawal of foreigners from the Yangtze basin. Some of the richest trade districts in China will be at a stand- till foreigners can return. This fact will, of course, exert strong pressure on all the moderate Chinese and on all the Chinese merchants who have already suffered heavily from the civil war. Events, in fine, arc bringing about in an undesigned way an economic boycott.

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