Word: gimo
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Bold Effort. For eight days the Gimo had pondered, on the cool heights of Kuling, what he might do to save China from deepening disaster. Last week he flew back to sweltering Nanking with his answer-a program of fiscal reform to combat runaway inflation. China would have a new dollar, called the gold yuan, backed by $200 million worth of gold and silver and U.S. dollars. The fantastically depreciated old Chinese dollars must be traded in, at the rate of 12 million old for one new. The government pledged itself not to print more than 2 billion...
...Gimo might step down, giving way to the new brooms of a "reform" government (most likely head: Vice President Li Tsung...
...with the summer's military successes, the Communists' peace price has gone up. One Nationalist official quoted a pertinent old proverb: Neng chan neng ho-Only he who can fight can make peace. The men around Chiang, even Vice President Li, an outspoken critic of the Gimo, were too staunchly anti-Communist to let China be swallowed by the Reds...
Another man mentioned as possible successor to Chiang was Defense Minister Ho Ying-chin, who leads the Whampoa Military Academy clique. If, as seems likely, the Gimo had a hand in picking his successor, he would probably prefer...
Localized Zigzags. Li, Ho or Fu (or any other successor to Chiang) would have great difficulty uniting the Kuomintang behind him. The mere mention of their names brought closer the prospect of regionalism. A trend toward decentralization has already set in, partly because the Gimo has had to rely on trusted local commanders in remote areas to equip and organize their own commands. In North China, local authorities have been buying arms for militia forces independent of the Central government, and the use of silver dollars (banned by the Central government in 1935) has spread. In Manchuria, General...