893.506/48: Airgram
The Ambassador in China (Gauss) to the Secretary of State
[Received October 13—3 p.m.]
A–65. Department’s 889, July 12, 5 p.m. and Embassy’s A–21, July 31, 1 p.m. A responsible official of the Finance Ministry now [Page 449] states that the insurance project has been set aside at least temporarily, due to fear that it might be regarded as a step in the direction of Government monopoly. He says that if it should again be brought up for consideration, it will be in such form as to cause no concern to foreign capital; and that the Government is conscious of need for foreign capital and is aware that investors are timid and must be reassured by actions as well as by laws.