CHINA: Kung Hor Sun Hay!*

Pinging bullets and popping firecrackers accompanied the celebration last week of China's New Year. The bullets were pinging a scant 150 miles outside Shanghai, but in that city and most others green paper dragons a block long were writhing through the streets borne by scores of coolies. Over 500 wounded soldiers were brought in during the week from the battle lines defending Shanghai;† but simultaneously Shanghai Chinese were calling at one another's homes to pay off debts contracted during the old year and to present huge New Year's "cards" on thin red...