Word: chou
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Symbol of a Nation. More than ever, the symbol of China's will on the eighth Double Seventh was the shaven-headed, tenacious Generalissimo. Even Chiang Kai-shek's bitterest political enemies, the veteran Communist chiefs Mao Tse-tung and Chou Enlai, acknowledged his undisputed leadership in resistance. In the 17 years since he set out to centralize and nationalize China, Chiang Kai-shek had concentrated tremendous power in his own hands. But he could never have held that power if he had not used it for China, and against Japan. In him a leader's will...
What Can China Do? The Chinese fell back rapidly. Chungking admitted retreat. Tokyo claimed that ten Chinese divisions had been trapped. Busy towns fell one after another. Loyang, where the emperors of the Chou dynasty held court seven centuries before Christ, was ablaze. At any moment the Japanese wedge, if pushed westward, might cut Chungking off from any contact with north China...
From the mouthpiece of a mouthpiece, Puppet Wang's Finance Minister Chou Fu-hai, came the real reason for Wang's junket, the act behind the ballyhoo. It took the form of three suggestions that were certainly not impure ideas. Chou hoped that Japan would: 1) extend Nanking's power north and south; 2) control business less stringently; 3) change the form of Japanese-Chinese joint industries so that Chinese might be induced to invest in them...
...nine days Chinese fought Chinese. Then General Yeh was wounded, taken prisoner. The Generalissimo held him for court-martial. The Fourth Route Army he disbanded. Chou Enlai, Communist emissary to Chiang, suavely announced that there would be no more "friction...
...Chou's job was not to be envied. His currency had almost no gold, little silver, no foreign exchange behind it. Chungking currency, with which he will have to compete, is specifically backed by half of the recent $100,000,000 loan from the U. S. Government. One interesting solution Mr. Chou had already devised. He put into circulation bank notes which were exact counterfeits of Chungking currency except for the signatures...