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...starting point "for improving social practices" the Gimo proclaimed a new movement-"industriousness and austerity for national reconstruction." "This movement," said the Gimo, echoing his racket-busting son, Ching-kuo (TIME, Sept. 20), "is a revolutionary social movement . . . Its mission is to check the tendency to extremes of wealth and poverty. Eventually life at the front will move downward to the soldiers' level and life in the rear to the common people's level...

Author: /time Magazine | Title: CHINA: Life Will Move Downward | 9/27/1948 | See Source »

Operation Giant Bear. When the Generalissimo first appointed him to the economic post last month, Chiang Ching-kuo started out quietly by ordering price ceiling lists displayed at all markets, and setting up post boxes for citizens' complaints. A hundred plainclothes agents were assigned to comb streets and markets for price violators and hoarders...

Author: /time Magazine | Title: CHINA: Spirit v. Money | 9/20/1948 | See Source »

...organizer of the procession was the man in charge of defending the new gold yuan currency in Shanghai, deputy economic controller Major General Chiang Ching-kuo, Generalissimo Chiang Kai-shek's Russian-educated elder son. A chubby, earnest man who looks much younger than his 39 years, Chiang believes in going to the people. On Tuesday and Thursday afternoons he holds open house in his office in Shanghai's Central Bank of China to hear the public's complaints...

Author: /time Magazine | Title: CHINA: Spirit v. Money | 9/20/1948 | See Source »

...Please Do Something." One recent Thursday, the suppliants in Chiang Ching-kuo's office included a grey-gowned businessman, a woman soothing a black-diapered baby, and a laborer in loose jacket and black cloth coolie pants. Trim in an open-necked, short-sleeved white shirt, Chiang listened like a good ward boss to his visitors' problems. The businessman had a complaint about taxes; the laborer vehemently reported that though the rubber goods plant where he worked was well stocked with raw materials, the boss had decided to close down rather than sell his products...

Author: /time Magazine | Title: CHINA: Spirit v. Money | 9/20/1948 | See Source »

Pork & Perfume. Chiang Ching-kuo had little sympathy for the jailed moneymen. After graduating from the Moscow Military Academy in 1930, he went to the Soviet Trans-Caucasus for practical engineering work. Speaking of this period he once said: "I had numberless hard days. I did the lowest sort of work. I have spent a night in a rubbish barrel ... I survived, thanks to father's teaching: 'Man's spirit is omnipotent-not money...

Author: /time Magazine | Title: CHINA: Spirit v. Money | 9/20/1948 | See Source »

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