China:
Reports indicate that, in the wake of the
Russian invasion of Manchuria and the recent flareup in China’s civil war,
regional warlords are once again on the rise.
Yen Hsih-shan, for example, is in virtually unchallenged control of the
Shansi province in northern China. Nationalist
government leader Chiang Kai-shek holds firm control only over a relatively
modest portion of eastern China.
Berlin:
The United States and Germany conclude
negotiations for Germany to make war debt payments to the U.S. separate from
the Young Plan. The U.S. was interested
in this deal to give it greater latitude relative to its participation in the
Young Plan, and to circumvent some provision of the Young Plan that the U.S.
perceived as favoring France’s repayments over others.
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