Word: soong
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Dates: during 1940-1949
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...financial front the Generalissimo had no such luck. In a long, tense session, Premier T. V. Soong wrote and Chiang rewrote a series of economic decrees intended to end speculation in foreign exchange. Chinese currency, which had spiraled up to 19,400 to the dollar, was pegged at 12,000. But the deeper trouble would be much more difficult to reach without U.S. help. Chinese foreign exchange balances are barely adequate to cover minimum needs for the next three months. China's textile industry, for example, faces collapse if it cannot get U.S. cotton on credit. If China...
China's monetary crisis last weekend inspired an excited Associated Press cable from Shanghai: "An American consular announcement today blasted Chinese Premier T. V. Soong's abortive 100% export subsidy program, as Chinese currency continued its dizzy descent, and the complete economic collapse of Generalissimo Chiang Kai-shek's Nationalist China appeared to be a very real possibility...
Last week Premier T. V. Soong attempted to help the export trade by establishing a separate exchange rate for it, similar to a separate rate uneventfully set up a few weeks ago for remittances by overseas Chinese. Unfortunately, in announcing the new export rate, Soong used the words "export subsidy." Shanghai businessmen are aware that U.S. law permits the imposition of countervailing tariffs on goods sent to the U.S. under export subsidies by foreign governments. Shanghai believed that the U.S. Consulate had announced that it would invoke the countervailing machinery against Soong's subsidies. Some Chinese drew from that...
...teenagers of Nanking's foreign colony straggled in. The General had invited them some time ago for afternoon movies and ice cream; he would not break this date even for affairs of state. Between meetings with the press and a long list of callers, including T. V. Soong and Chou En-lai's secretary, Chang Wen-chin, the General looked in on the moppets as they disposed of a gallon or so of vanilla. That evening he drove to the Gimo's again for family dinner...
General Marshall himself arrived at 10 minutes before 8. On a cold concrete apron, wet with melted snow, a cluster of photographers and dignitaries were waiting. Among the latter were Ambassador Stuart, Premier T. V. Soong, Chief of Staff Chen Cheng, Communications Minister Yu Ta-wei, Foreign Minister Wang Shih-chieh, General G. Q. Huang, Communist spokesman Wang Ping-nan. It was all very casual and informal-no ropes, no visible guards; everyone intermingled...