Abstract

This paper provides a fresh overview of the much-debated Leith-Ross mission to China in 1935–6, in which Britain assisted the Chinese government's efforts to establish a new currency. It demonstrates that the mission should be understood primarily as an attempt to revive Britain's economic and political stake in East Asia. It argues that, while the government in London undoubtedly wished to see the amelioration of the tense relationship with Japan, the history of the mission demonstrates that it was not prepared to make significant sacrifices that would undermine British interests in China. It thus criticises the contention that the mission should be understood primarily as an exercise in appeasement and contends that in practice it constituted a challenge to Japan's claim to regional domination.

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