Word: growth
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Dates: during 1950-1959
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...statistics are suspect, but 1958 figures, noted a British economist, "defy belief and baffle logic." But even if Communist figures could be trusted, Red China still has a long way to go before claiming to be a modern industrial state. Mainland China's rate of industrial growth last year was only half that of Japan's. By the end of its current six-year plan, Japan will have acquired new productive capacity greater than that of all the industrial plant Mao's China now has. The Chinese Communists have yet to produce an all-Chinese jet; their...
...this rate, there will be a billion Chinese by 1980, more than 2 billion by the turn of the century. In terms of per-capita production, Mao's China still lags far behind Japan or Formosa (see chart). Worse yet, despite mammoth irrigation and reclamation projects, population growth has cut the amount of cultivated land per person in Red China from .462 acres in 1953 to .429 acres...
...intellectual creativity. The great, vast public, foreign observers report, seems more resigned to its lot, and even grateful for the orderliness that keeps warlords from swooping down on farmers to steal their harvests. But in a nation that has only a paper-thin economic surplus to invest in industrial growth, a loss of mass enthusiasm and a consequent drop in production could be no less deadly than active popular resistance...
More to Come. Indication that still further increase in the college is in the offing-probably next spring-is to be found in the Pope's failure so far to name new cardinals in Asia or Africa, where the growth of nationalism is presenting the church with some of its thorniest problems and greatest opportunities. It is also considered likely that, in addition to Boston's Richard J. Gushing and Philadelphia's John F. O'Hara, Pope John will name more cardinals in the U.S.-almost certainly in Chicago, the largest U.S. archdiocese of all, whose...
...proposed merger would eliminate substantial competition between Bethlehem and Youngstown, depriving steel consumers of alternate sources of supply. To the companies' arguments that they could not compete with U.S. Steel, Weinfeld replied that this was "not persuasive in the light of their prior activities, their financial resources, their growth and demonstrated capacity to meet the challenge of a constantly growing economy." Both companies, he noted, had bettered their position in the industry in the last five years: Bethlehem increased its capacity by 30.7%, Youngstown by 31.4%. Thus, both are financially able to expand further...