Word: steels
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Dates: during 1970-1979
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...signed a private trade agreement worth $20 billion: China will export oil to Japan in exchange for Japanese steel and factories. In a ceremony last month at Peking's Great Hall of the People, Teng attended the signing of a seven-year, $13.5 billion trade and cooperation agreement with France Its projects include French help in developing Chinese telecommunications satellites and TV broadcasting, the modernization and extension of a steel complex, and the construction of power stations, a magnesium plant and other facilities. Most important, France landed an order for two 900-megawatt nuclear power plants at nearly $1 billion...
...selective purchases at first, because of their shortage of capital. Chinese and Americans kept up brisk negotiations. Coastal States Gas Corp., a U.S. firm, agreed to buy 3.6 million bbl. of Chinese crude, the first shipment to arrive early this year. In accordance with its aim to double annual steel production, to 60 million tons in 1985, China signed an agreement with Bethlehem Steel for the development of an iron mine at Shuichang, in Hopei province...
...lamentable $378. A generator plant in Harbin uses lathes, punch presses and milling machines that were built two and three decades ago in Czechoslovakia, East Germany and the Soviet Union. Japan builds 94 cars per worker per year; in China the comparable figures are one car, one worker. Steel, the essential building component for heavy industry, is regarded as a precious metal in China. The production goal for 1985 is 60 million tons; last year it fell just short of the halfway mark. Teng is characteristically candid about the problem. He refers to lo hou (lagging behind). "If you have...
Those contradictions are embodied by the movie's two principal characters, Michael (Robert De Niro) and Nick (Christopher Walken), steel-mill workers from Clairton, Pa., who go off unquestioningly to fight for their country. In the film's first hour, set at home, Cimino presents his buddies sympathetically as average men with traditional values: their lives are defined by work, family, church and a love of sport. What happens subsequently to Michael and Nick in Viet Nam is a paradigm of what happened...
...rather surprising that Revlon's Bergerac has been so successful in sensing such subtle shifts in women's psychology and the subliminal instincts that shape it. A multinational manager who probably would do as well selling steel ingots or instant pancakes, Bergerac was trained in the exacting school run by flinty Harold Geneen, the creator...