Word: hong
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Dates: during 1980-1989
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...began learning his Mandarin while doing graduate work in Chinese history at Harvard in 1966. After writing five cover stories on events in China as a TIME writer from 1973 to 1976, he went to our bureau in Hong Kong. Until last year, when the Peking government began allowing U.S. news organizations to station correspondents in China, American journalists could travel in the country occasionally, but for the most part they had to monitor developments from Hong Kong, through newspapers, broadcasts and talks with returning travelers...
Capitalism is flowering expansively in Asia. In addition to Japan's fabled success, South Korea, Taiwan, Singapore and Hong Kong have prospered by using the classical capitalist tools: private initiative and the profit incentive. Over the past four years the Hong Kong economy has grown by an amazing 12.75% annually, while unemployment has been a modest 2% despite huge influxes of refugees from neighboring China. During that period, per capita real income increased...
...regimes, muting their policies or stopping U.S. goods from getting through. Viet Nam has been subject to a trade ban since the 1975 fall of Saigon. Yet that country easily imports American products, ranging from drilling equipment and spare tractor parts to cigarettes and beer, by shipping them through Hong Kong or Singapore. Indeed, the ban is taken so lightly that Hong Kong exporters last year openly declared that $2 million worth of exports to Viet Nam were of U.S. origin. While the embargoes make the symbolic point that the U.S. will not tolerate Soviet aggression, the price of this...
...stunning $8.1 billion. Profits rose proportionately even more, to $505 million, an increase of 57% over the previous year. In the past two weeks alone Boeing has sold $1 billion worth of planes to airlines as diverse as Ansett in Australia, Cathay Pacific in Hong Kong and Western in Los Angeles...
...with the Chinese, who ordered ten 707s in 1972. Several weeks ago, as the Pentagon was coming down to the wire on the cruise missile contract, Wilson left for Peking to deliver the first of three 7475P aircraft costing $60 million each. He was on his way home via Hong Kong, London and New York City when the Pentagon announced its decision...