Foreign News: Walk In

• Share

Last December the U. S. extended China a credit of $25,000,000 for farm and industrial purchases. In March Great Britain followed suit with a credit for the same amount, to support Chinese currency. These two loans put a deceptive rouge on China's pale financial face. Last week Chinese officials in Chungking said that Soviet Russia would soon lend China 700,000,000 rubles ($140,000,000), that a preliminary loan of $30,000,000 had been settled. If the huge credit goes through, China's face will get some really healthy color in it. In return for U. S. S. R. cash, China would provide Russia with certain raw materials, would keep her northwestern door not only open but clearly marked WALK IN.