CHINA'S ECONOMIC OUTLOOK BRIGHT: Sir Frederick Leith Ross, British Adviser, Reviews Situation.
HONKONG, Feb. 20—(U.P.) — An optimistic view of China's economic outlook was expressed today by Sir Frederick Leith Ross, British economist and China's monetary adviser, who told the United Press there was no reason China's financial program should not continue to be successful.
He predicted that China's trade balance with the United States would improve this year. Regarding the possibility that Shanghai might fix her exchange parity to one of the major currencies he refused to comment. "Unification of the Chinese currency," he said, "is most desirable,
but at the present time the Canton government is unwilling to co-operate with Nanking. "Financial and political stability is necessary before a foreign loan may be negotiated. "There is more British capital for investment now than for 40 years and there is ample security in Chinese construction for these funds," he said. He said Japan now is the "Lion's share" of China's foreign trade, but such trade is "open" to all nations.