Economy
Massive capital investment was concentrated in Dairen (now the capital of the territory), wherein Japanese firms developed a significant industrial infrastructure, as well as creating a first class port out of the mediocre natural harbor. The facilities of the port at Dairen and its free trade port status made it the principal trade gateway to northeast China. The South Manchurian Railway Company was headquartered in Dairen, and some of the profits from its operation were channelled into transforming Dairen into a showcase city of modern city planning and modern architecture, with hospitals, universities and a large industrial zone.
Read more about this topic: Kwantung Leased Territory
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)