Word: piao
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Dates: during 1950-1959
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...economic score in almost two years' control of most of China's mainland? Their greatest achievement has been to check inflation, for a while at least. By heavy taxation and by what amounted to capital levies, the Communists balanced the budget; for weeks the jen min piao, or people's banknotes, stood unusually firm at the official rate of 3,880 to $1 Hong Kong. About a month ago, however, the rate jumped on the black market to 4,600 J.M.P. to $1 Hong Kong. This 20% increase is attributed to the costs of the Korean...
General Douglas MacArthur entered the diplomatic field again last Friday by personally offering to negotiate a Korean armistice with Communist General Lin Piao. His statement, which also threatened a U.N. attack on the Chinese mainland, was made in the Mas Arthur manner--without consulting either the U.N. or our own State Department. There is a small chance that the general may succeed where U.N. negotiators have failed, but his self-appointed role as policy maker is a slap in the face...
...Fourth Field Army (about 800,000) was Red China's best up to the time of the Korean war. Organized with Russian help in Manchuria after the Japanese defeat, it was led by General Lin Piao, the Communists' top military theoretician and a zealous party doctrinaire. While most of his fellow commanders are of peasant stock, Lin comes from China's bourgeoisie; his family ran a small textile mill in Hupei province. Lin got his early military training at Whampoa Academy, the Nationalist school set up with Soviet Russian help in the 1920s. One of his instructors...
...bottomless well of Chinese manpower." Military manpower is always limited by what the economy of a country can support, and by the number of trained cadres available. It seems certain that in Korea the Chinese Communists have already lost some of their finest units, perhaps the flower of Lin Piao's Fourth Field Army. Such losses in turn cut down the number of battle-seasoned instructors for new cadres, and weaken the morale on the front. China's Red army is big, formidable, but also in many respects primitive and vulnerable...
...China, Mao has built up his forces steadily. They are 2,500,000 strong, divided into four huge field armies. Their rigidly enforced discipline is the marvel of China. They are intensively trained by vigilant officers, intensively indoctrinated by even more vigilant political commissars. The best is Lin Piao's army; it overran Manchuria and North China, now leads the assault in Korea...