The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1954-07-09
Washington Comment

Washington, July 5-Rcvcla
ton Of Chinese industrial plan:
by a member of that country:
State Planning Committee. ~
made IN an article in Prarda
raises hopes that China will moi
embark on major war rtfor,
until at least 1859
China has set as an industrial
target the level production
scratched in Russia in 1882. That
was as follows: :;trrl-5,9oO.0> u
metric tons: coal ia 900, 900: oil
-22.300.OOc. 1t is frankly limited
in the article-that China will
not have significant industrial
output until these goals are
reached.
HSueh Mu.Chiac. author of the
Pravda article. reports that Rus
STA will supply much of the ma.
chinery and financial aid. needed
to attain goals Of the fivr.ycar
plan. Already. he notes. Russia
has promised to build or recon.
struct some 40 heavy industries
in China.
4 great industrial drive in
Communist China. If it follows
the Russian pattern. will rule out
war in tho next five. " even ten.
years.
At the end of that time, however.
China will be a far more formida.
bic military opponent than she is
today
The British hope that in the in.
terval some understanding can
be arrived at. and that peace may
yet be attained. Right or wrong.
it seems that the apparent intcn.
ton of Red China to follow in
Russia's footsteps - along the
path to industrial might-might
allow the world to escape an.
other major global conflict for
at least five years
The Communists. when they
took over Russia in 1917. avoided
war at all costs. even after World
War II opened in Europe. and
only Hitler'S attack brought them
into the furnace of that sacrifice.
The plan was for Russia to sit it
out and emerge the strongest
country in Europe. unhurt and
fresh.
If that philosophy is to be fol.
lowed by China. the world may
enjoy an armed peace for a
number of years to come.
Republicans are cheered some.
what by the latest business signs.
While many forecasters had
warned that business would not
show any pergins up until after
the sumner months. these words of
pessimism seem to be belied by
recent developments.
In June more business measure.
ments showed upward trends
than had been expected. Tn.
employment claims were at their
lowest point since last October.
Factory output was at its high
point since last November. The
government was also getting
ready to spend more money and
credit being kept available at low
interest rates.
Building was booming, and run.
ming far ahead of 1854. In most
areas. during the next.to.last
week in June. department sales
were up-and ran higher than
for the corresponding period In
1858. Department store inventor.
les also reversed the down ward
trend and moved up in May of
this year.
The stock market reached q
peak on June oath which was the
higest average price level since
1929. Thus bust Css Indicators
definitely showed that the reces.
sion was cncountering rough
going II seemed on the way out
after nine months of readjust.
ment.
The outlook. moreover. seems
bright. 4 great majority Of the
nations economy experts see bet.
ter years Immediately ahead. sta.
bic conditions and gnerally good
business Notwithstanding q
war for several years.
Farmers may face q continuing
squeeze. ana the political effects
Of this situation arc likely to be
reflected N agricultural sections.
The farm Program Is still the
critical front on Eiscnhower's bat.
tic line. arr no completely salts.
farff,rc ..,fSu.e onnnarg IN hO nm