The Studying Of Foreign Loans Of Guangdong Local Government During The Period Of The Republic Of China 1912-1937

The foreign loans of Guangdong local government from 1912 to 1937 being regarded as the studying object, this paper discusses their historical backgrounds in details, and analyzes their creditor nations, creditors, guaranty, sum, accrual, uses and payments. The characters of this foreign loans are concluded, and the connection between them and particular political station of Guangdong are analyzed. At last, by studying the double-character of them, the foreign loans are appraised impersonally. At the same time as admitting the harm of military foreign loans, the stimulative effects of industrial foreign loans on economic development are affirmed, and it is a good form of utilizing foreign capital.