Salient. An Organ of Student Opinion at Victoria University, Wellington N.Z. Vol. 22, No. 2. March 23, 1959
The lack of development was not due to lack of resources. China has a wide range of metallic minerals, including some of the biggest iron ore deposits in the world. She possesses immensely rich coal [unclear: basns]. Her coal reserves were conservatively estimated at nearly 450,000 million tons in 1949, since when prospecting has revealed additional major resources.
The basins of Chinese Central Asia contain important oil deposits; even before the development of the Karamai field her proved reserves of oil were larger than those of Iran. Her great rivers have a hydroelectric potential of more than 300 million kilowatts, larger than that of the U.S.A. Her agriculture provides a wide range of raw materials, including cotton, of which she is the world's largest producer. She has vast labour resources and her peasant masses, released from the shackling fetters of low productivity, could provide an equally vast market.
This is the second of a series of articles by Professor K. M. Buchanan (professor of geography) on his recent visit to China and North Vietnam.