Word: shanghaiing
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Dates: during 1980-1989
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About three years ago, the members of Peking's foreign trade establishment decided that aside from the usual complement of light handicraft, textiles and the like, they should be pushing Chinese technology. And among the products shipped down to the fair for display were several brands of Shanghai-produced batteries...
...timing of the deal may cause problems. A four-month congressional moratorium on foreign takeovers of U.S. banks expired two weeks before Midland's action. That ban had been inspired by the wave of foreign acquisitions of U.S. banks, such as the Hongkong and Shanghai Banking Corp.'s purchase of 41% of New York's Marine Midland. Financiers now are worried that the Crocker deal might push Congress to erect new barriers. Indeed, the General Accounting Office is expected to recommend next month that Congress reinstate the moratorium. That would limit the activities of British banks...
...Kong to falsifying university exam scores. One of the most common abuses among officials is influence peddling to obtain favors for their children. As a modern-day Chinese proverb has it: "The 10,000 things are good, but they are not as good as a well-connected father." In Shanghai, one clever young swindler named Tang Fang posed as the son of the first secretary of the provincial party committee, a ruse that won him not only watches, money and fashionable clothes but also the affection of a comely female soldier...
...Europe or the western U.S. This point was emphatically made on the Soviets, though their press studiously ignored the missile firings. As for Western military analysts, they quickly laid to rest a cocky old gag to the effect that the Chinese would launch a missile when a group of Shanghai acrobats leaped from the top of the Great Wall onto a teeter-totter. The strike potential of the CSS-X-4, primitive or not, was clearly a serious matter...
...whether Marie Antoinette really did say, "Let them eat cake" (she did not). Says Alexander: "Happily, we had to reach out of our accustomed economic niche to become students of history, literature and philosophy." Last week TIME opened its first bureau on mainland China since our office in Shanghai was closed in September 1949, four months after the city was taken over by the forces of Mao Tse-tung. The newest of our 31 bureaus is located in Peking's Qianmen Hotel, ten minutes by car from the Chinese capital's broad Tiananmen Square. Last August TIME became...