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Died. H. H. (for Hsiang-hsi) Kung, 86, Nationalist Chinese banker politician who became brother-in-law to Ge eralissimo Chiang Kai-shek when he married into the powerful Soong banking family, as Finance Minister from 1933 to 1945 introduced the boon of standardized paper currency, but during his premiership (1939-45) was helpless against the war-wrought inflation that left China sliding toward bankruptcy, after which he was eased into honorary jobs and retirement in the U.S.; of heart disease; in Manhattan...

Author: /time Magazine | Title: Milestones: Aug. 25, 1967 | 8/25/1967 | See Source »

...filters out of Red China these days is conflicting, fragmentary and often outrageously exaggerated. But out of all the bits of information last week, one conclusion was unmistakable: the army is being given more and more power. Under the chop mark of Party Chairman Mao Tse-tung, his wife Chiang Ching and other government leaders, a terse command went out to military garrisons across the land telling them to take control of the Great Proletarian Cultural Revolution and restore order...

Author: /time Magazine | Title: Red China: More Power for the Army | 6/16/1967 | See Source »

...said: "The family is higher in Russia than in the United States, and God, looking down from heaven, may be more pleased with Russia than with us"?3 Or, in 1947, after an inspection tour of China: "The Chiang Kai-shek government cannot put down an insurrection against a government which is falsely called a Communist insurrection. Although Communist-backed, it is still a bonafide insurrection against a government which is little more than an agency of the Soong family"? 4 Of Mussolini, in 1935: "So great a man ... so wise a ruler"? 5 Of Richard Nixon, after...

Author: /time Magazine | Title: Books: Famous First & Last Words | 5/26/1967 | See Source »

...bastion is formidable. Isolated by a bordering ring of mountains and agriculturally self-sufficient, Szechwan has a long tradition of rebellion against central governments. It has often proved a handy retreat for Chinese rulers in trouble, from the Emperor Ming of the 8th century to Chiang Kai-shek in the 1930s. So independent are the Szechwanese, that, as one Chinese proverb has it, "in Szechwan the dogs even bark...

Author: /time Magazine | Title: Red China: Liberate the Southwest! | 5/19/1967 | See Source »

...developing nation. Because of the spine-like ridge of mountains that runs up the middle of Taiwan, only 3,000 of the island's 13,800 square miles are arable; for centuries, that land was held by landlords and worked by tenant farmers. The Nationalist government of Chiang Kaishek, under a land-reform program, distributed small plots to the tenants-and encouraged landlords to invest their settlement money in industry. Now, with farmers keeping 80% of their crop v. 43% in the old days, rice production has increased from 20 tons an acre to 34 tons. Seeking to profit...

Author: /time Magazine | Title: Taiwan: The Model | 5/12/1967 | See Source »

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