ABSTRACT
Two grand facts should emerge from the analysis made: although China has officially and publicly thrown overboard not only her ancient civilization but her system of government, she has not yet succeeded in substituting anything more solid than the theory of Western practice. Japan following the path of empire that other virile nations have pursued in the past, and believing that the World War has entitled her to a certain local primacy. It is pushing deeper and deeper into Continentalism aspiring more and more openly to the political, commercial, industrial, and military hegemony of Eastern Asia. The question which at once arises is - can these two facts be reconciled; that is, is it possible for the rebirth of China to be consummated in the face of the imperialistic ambitions of her neighbour. Chinese currency, the Chinese debt, the Chinese civil and military administration, and the question of parliamentary government, are best considered separately as the problem of Peking.
