Word: china
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...expensively by air freight. A housewife in a remote R.C.M.P. station on Baffin Island once watched the midwinter supply plane safely parachute twelve packets to the ground; the 13th smashed heavily when the parachute failed to open. Said she to her husband: "What do you bet that was my china...
From the ricksha-cluttered commercial district of Shanghai to the waterfront of Tientsin, hardly a Western businessman could be found last week in all of Red China. The traders who came and went with revolving-door regularity only a few months ago, crying the benefits of trade with the Chinese Communists, have returned disillusioned to Germany, Italy, Great Britain, France, Canada. What soured them on doing business behind the Bamboo Curtain was no political change of heart, but the best reason a businessman can have: unbusinesslike methods of doing business, developed by the Chinese into an exasperating art. Snapped...
...violins. $23 sewing machines, $14 bicycles, promised to deliver nails, newsprint and electric motors at prices far below Japanese goods. But haste to gather foreign exchange to cover a huge trade deficit with Russia-and to do what it could to damage non-Communist competitors-led Red China to overstep itself. Its rickety economy suffered from primitive production methods, an overburdened transportation system, and an anarchic planning system that put untrained workers on industrial machines and knowledgeable technicians in mines or paddies. A classic example of chaos was Peking's 1958 decision to encourage hundreds of thousands of peasants...
...South American cotton arrived at a Chinese port recently, U.S.-trained Chinese inspectors swarmed over it, carefully grading each" bale. The Chinese are tough and unbending in trade negotiations, often cancel contracts for no obvious reason. Said a Frenchman who packed his bags and returned home from Red China without a franc's worth of trade: "The atmosphere is decidedly bad for doing business...
...complained that " 'more' and 'quick' are stressed, but 'good' and 'economical' are ignored" in Chinese industry, even suggested that "individually run enterprises" might be set up side-by-side with state enterprises. To woo back disillusioned businessmen, the Red Bank of China has taken the unprecedented step of accepting claims by traders seeking damages for substandard exports. So far, the Bank has seen fit to rule in the trader's favor only a few times...