China's Nation Building Effort, 1927-1937
Arthur N·Young / Hoover Institution Press / 1971-12-1
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China's Nationalists had an impressive record of achievement in the prewar years, although there were serious weaknesses along with the strengths. They brought about a major transformation after the chaotic warlord era of the twenties. They largely overcame separatist revolts; established a functioning government with a radically improved fiscal system and good credit; stabilized exchange and reformed the economy; and started a promising program of economic development.
All this was done despite meagerness of external aid, worldwide depression, subversive efforts of the Communists, and Japan's aggression. The Progress was accomplished mainly by self-help and with readiness to accept advice.

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