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...textile experts said it was folly: garment factories could never flourish in Hong Kong because of lack of water and trained workers. Besides, there was the powerful new force of Japanese competition. But Chen Che Lee, a wealthy young Shanghai cotton manufacturer, fooled the experts. In 1946, with $1,500,000 borrowed from friends, Lee established South China Textile, Ltd., the first major textile mill in Hong Kong. Over the past decade, problems have been over come, and from Lee's daring example has grown an industry that this year will ex port $110 million worth of garments...

Author: /time Magazine | Title: Business: Invasion from Hong Kong | 12/14/1959 | See Source »

...president of the powerful National Bank of Cuba went Felipe Pazos, 47, ranking Cuban banker, sound-money man, and onetime International Monetary Fund official in Washington. To replace him in Cuba's central bank, Castro named Major Ernesto ("Che")* Guevara, 31, the Red physician, who thereby got vast power over Cuba though he is Argentine born and bred...

Author: /time Magazine | Title: CUBA: The Triumvirate | 12/7/1959 | See Source »

...mother, Guevara got his M.D. in Buenos Aires, then decided that "curing nations is more exciting than curing people." He turned up in Red-lining Guatemala of the early 1950s, where the man who was instructed to hire him as an inspector in the Agrarian Department remembers only that Che was identified as a "Communist from abroad." With this sinecure in hand, Guevara settled down in a second-rate Guatemala City hotel, flitted in and out of the country on unexplained missions. With the Jacobo Arbenz government falling, Guevara tried to organize guerrillas to fight, then fled to Mexico, where...

Author: /time Magazine | Title: CUBA: The Triumvirate | 12/7/1959 | See Source »

...people around and under the Fidel-Raúl-Che triumvirate give anti-Communists no cause for comfort. Antonio Núñez Jiménez, chief of INRA's land redistribution program, once led the campaign for a Communist candidate for Congress, later wrote a Marxist Geography of Cuba that is now a standard textbook in Cuban schools. Another force is Celia Sánchez,* Castro's onetime Girl Friday in the hills, who offers a patient ear and a radicalism as woolly as Castro's own. Her apartment, where she keeps a freshly laundered shirt...

Author: /time Magazine | Title: CUBA: The Triumvirate | 12/7/1959 | See Source »

...prone Habaneros, accustomed to doing business in local branches of New York banks, promptly dubbed the institution "Che's National Bank." *Who a fortnight ago joined Che's and Raúl's wives as stars at a Communist-sponsored Women's Congress in Santiago, Chile...

Author: /time Magazine | Title: CUBA: The Triumvirate | 12/7/1959 | See Source »

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