T. V. Soong

Soong Tse-vungTemplate:Efn (Template:Lang-zh; 4 December 1894 – 25 April 1971), more commonly known as T. V. Soong, was a Chinese businessman and politician who served as Premier of China in 1930 and from 1945 to 1947.

Early life and education

T. V. Soong was born to the wealthy Soong family on December 4, 1894, at St. Luke's Hospital in the Shanghai International Settlement.<ref>Template:Cite webTemplate:Dead link</ref> His sisters, known collectively as the Soong sisters, married important persons: the first, Ai-ling, married H. H. Kung, an Oberlin College graduate from a leading family of Chinese bankers who went on to become Premier of the Republic of China; the second, Ching-ling, married Sun Yat-sen, the founder and leader of the Chinese nationalist movement; and the third, Mei-ling, was First Lady of the Republic of China as wife of Chiang Kai-shek.

After attending St. John's University, Shanghai, for a year, Soong was sent by his father to be educated in the United States at Harvard University, where he studied economics and graduated from Harvard College with a Bachelor of Arts in 1915.<ref>Template:Cite web</ref> He then pursued graduate studies at Columbia University while simultaneously working at the International Banking Corporation in New York.<ref>Template:Cite book</ref>

Career

Soong as a leader of Wuhan nationalist government.

Soong at a mosque in Xining, Qinghai.

Upon returning to China, he worked for several industrial enterprises, and was then recruited by Sun Yat-sen to develop finances for his Canton government. He served as Minister of Finance from August 1925 until 1927.<ref>Template:Cite book</ref> After the success of Chiang Kai-shek's Northern Expedition in 1927, Soong served in a succession of offices in the Nationalist Government,<ref>"Soong, T.V.," Boorman Vol 3, p. 149.</ref> including as Governor of the Central Bank of China (1928–1934) and as Minister of Finance (1928–1933).<ref>Template:Cite news</ref>

He founded the China Development Finance Corporation (CDFC) in 1934, along with other prominent financial figures, such as Chang Kia-ngau, Chen Guangpu and H.H. Kung. CDFC provided China's chief access to foreign investment for the next decade. Many CDFC financial packages benefitted companies that were related to Soong or his family members.<ref name=":02">Template:Cite book</ref>Template:Rp

In the summer of 1940, Chiang appointed Soong to Washington, D.C., as his personal representative. His task was to win support for China's war with Japan. Soong successfully negotiated substantial loans for this purpose. After Pearl Harbor, Chiang appointed Soong Minister of Foreign Affairs, though Soong remained in Washington to manage the alliance with both the U.S. and the U.K.

During his tenure as Finance Minister, he managed to balance China's budget, which was no small accomplishment. He resigned in 1933, displeased with Chiang Kai-shek's appeasement of Japan and attempts to placate Japanese aggression.<ref>Template:Cite news</ref> He later returned to service as Minister of Foreign Affairs (1942–1945), and as President of the Executive Yuan (1945–1947). Soong left his legacy as head of the Chinese delegation to the United Nations Conference on International Organization in San Francisco, April 1945, which later became the United Nations.

During the German invasion of Russia, Soong was in charge of negotiating with the Soviet leader Joseph Stalin regarding Soviet interests in China, and travelled to Moscow to extract from Stalin a guarantee to oppose the Chinese Communist Party. Soong conceded to Stalin the Manchurian railways and Korean independence but refused to allow Soviet interference in Xinjiang or military bases in Manchuria. He also indicated that China and the Soviet Union could share dominion over Mongolia if a "mutual assistance pact" was agreed to.<ref>Template:Cite news</ref> Soong was known for his tough negotiating style with Stalin in getting straight to the point and freely using the threat of American military backing to strengthen his demands. When the Sino-Soviet treaty was signed, China ceded to the Soviets parts of Mongolia, the use of a naval base at Port Arthur (with civilian rule remaining Chinese), and co-ownership of the Chinese Eastern Railway in Manchuria.<ref name=Time>Template:Cite news</ref>Template:Rp

In return, Soong extracted from Stalin recognition of the Republic of China as the legitimate regime of China, aid from the Soviets, and an oral agreement to an eventual Soviet withdrawal from Manchuria.<ref name=Time />Template:Rp The treaty failed to end tension in China with the communists, which resulted in renewed fighting after the Chinese communist revolution.<ref>Template:Cite news</ref> Stalin had previously told the Americans that Franklin Roosevelt should inform Chiang Kai-shek of the Russian demands in Manchuria, at the Yalta Conference, before Stalin informed Soong.<ref>Template:Cite news</ref>

During the war years, he financed the Flying Tigers, an American mercenary group that was later incorporated into the United States Air Force. Gen. Claire Chennault was listed as an employee of the Bank of China. On this project Soong worked very closely with his sister, May-ling Soong. He once remarked to John Paton Davies, Jr., one of the China Hands, that there were no U.S. State Department memos sent from China to which he did not have access within a few days.<ref>John P. Davies, Dragon by the Tail, p.266.</ref><ref name=Halberstam>Template:Cite book</ref>Template:Rp

Criticism of Soong increased as the Nationalist government's financial crisis increased during January and early February 1947.<ref name=":02" />Template:Rp Rival Nationalist individuals and factions which criticized him included those associated with Sun Ke, Zhang Qun, CC Clique, and the Gexin movement.<ref name=":02" />Template:Rp The Gexin movement criticized Soong for what the group described as his bureaucratic capitalism, a phrase likely adopted from the communists' criticisms of Soong.<ref name=":02" />Template:Rp The Gexin movement influenced many newspapers' criticisms of Soong.<ref name=":02" />Template:Rp Its criticisms of Soong were also echoed in the Legislative Yuan.<ref name=":02" />Template:Rp

On March 1, 1947, Soong resigned as president of the Executive Yuan.<ref name=":02" />Template:Rp Nonetheless, Soong was active in the Nationalist government's financial policy until he moved to the United States in January 1949.<ref name=":02" />Template:Rp Soong moved to New York and remained an influential member of the China Lobby.<ref name="Halberstam" />Template:Rp

Death

On 25 April 1971, Soong choked to death in San Francisco at a dinner party hosted by the chairman of the San Francisco branch of the Bank of Canton, when a piece of chicken lodged in his windpipe.<ref>"Soong Choked to Death on Food, Coroner Says", Los Angeles Times, 27 April 1971, p28</ref> Soong was survived by his widow, Lo-Yi Chang (Template:Lang-zh) who had taken on the English name of Laura Chang Soong.

See also

• Economic history of China (1912–1949)
• History of the Republic of China

Sources

• Template:Cite book
• Template:Cite book

External links

• T.V. Soong Papers at the Hoover Institution ArchivesTemplate:Dead link
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