The Currency System Reform In China 1935 And Choice Of National Interest By China US UK And Japan

In the mid of 1930s, after carrying out the silver Standard for years, China was suffering profoundly financially due to the silver policy implemented by the US, resulting in a drain of silver as well as serious financial crisis. For the sake of solving the crisis and resisting the Japanese attempt to destroy China financially, the Chinese government took a positive stance in seeking foreign aids, especially from the UK and the US, and succeeded in acquiring support from the UK(though merely to a certain extent)and exporting silver to the US, Which contributed to the final success in the followed reform as well as the stabilization of currency .As a result, China protected its national interests in the complicated relationships and interactions among eastern Asian countries.