Word: southeasterly
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Dates: during 1950-1959
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...bureaus, brought into focus a new American-type capitalism that around the world is replacing the old system of cartels and feudal wealth. The Tokyo bureau added the story of Japan's striking progress, while the Hong Kong bureau analyzed the trials, tribulations and triumphs of Southeast Asia. As other reports poured in from Latin America, Africa, the Middle East, and TIME'S domestic bureaus, they added up to a year in which free-enterprise capitalism was on the march throughout the world-a thrusting, competitive capitalism that poses challenging questions...
...that has been faced before by the Overseas Chinese, an unassimilated group that has lived for centuries among alien peoples. As early as 300 B.C., Chinese merchants in clumsy junks coasted along the shores of Viet Nam. When European adventurers and explorers first made their hesitant way into Southeast Asia, they found, as Britain's Sir Thomas Herbert wrote in 1634, that in every major seaport were the "infinitely industrious Chyneses...
...National People's Congress at Peking. The hua-chiao were called "the endeared children of the Chinese nation" and were told that their "proper rights and interests are now protected by their country." Thousands of hua-chiao students went to China to complete their education; Chinese schoolteachers throughout Southeast Asia displayed Peking's five-starred flag; delirious Singapore millionaires endowed academies and hospitals in China; and millions of dollars poured back to the homeland for hua-chiao relatives...
Then the love affair palled. Red China decided that the Southeast Asian governments were more important than the Overseas Chinese and. wooing the Afro-Asian nations at Bandung. China's Premier Chou En-lai urged that Chinese abroad "be loyal to the countries they live in." The disenchantment was mutual. Hua-chiao students returned from China complaining of hardships under the Reds. The relatives back home saw little of the money that had been sent them, and sneaked out bitter reports about the communes...
This year the Southeast Asian governments that Red China has been wooing began to grow nervous about Peking's brutal behavior. They were frightened by Tibet, worried by Laos, and depressed by Chinese belligerency on India's northern borders. In their fear of new Red aggression, they viewed the Overseas Chinese as a potential fifth column...