Word: steel
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Dates: during 1960-1969
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...calmed, and little Alvin at last succeeded in slipping a line around the bomb without sending it tumbling down the underwater hill. Ever so gingerly, the U.S.S. Hoist began to drag the bomb up the slope. The bomb had just begun to budge when suddenly the steel cable snapped. Fortunately, the bomb settled near its old position. Admiral Guest ordered his men to try again...
They were members of a Chinese Communist delegation come to negotiate the purchase of a steel plant from Demag, A.G., West Germany's biggest producer of steelmaking equipment...
...German negotiators, "but it was worth it." With the West German government guaranteeing credits of $87.5 million, Demag is now the major partner in a consortium, also involving French and Belgian firms, that is confident it will wrap up a $150 million contract to build a steel-rolling mill for Red China. It will be the biggest deal yet in the rush among America's allies to open up the Chinese market...
...cargo liners are being built for the Chinese in a Scottish shipyard. The French are building a chemical plant in China, have launched two freighters to be delivered to the Chinese, may also build a passenger ship and a truck-assembly plant. The Italians are selling steel and machinery, fertilizer components and marine engines to the Chinese, while Sweden has found a new market for its mining and food-processing equipment...
...since the Korean War-and has tried with diminishing success to persuade its allies to do the same. The nations of Western Europe have agreed not to sell the Chinese any "strategic" goods, but opinions vary considerably about just what trade there should be. It would appear obvious that steel is highly strategic. The Germans argue that they are not really providing the Chinese with steel but merely with a plant to process steel that China would produce anyway...