Word: taiwan
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Dates: during 1960-1969
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Maddox, a 2,200-ton destroyer, left Yokosuka, Japan, July 23 on what seemed to be a routine mission to observe North Vietnamese naval activity in the Gulf of Tonkin. Stopping at Taiwan, she took aboard a "black box," about the size of a moving van, crammed with electronic gear, and about a dozen new men to tend its innards. What was it for? Defense Secretary Robert McNamara insisted at first that the equipment "consisted in essence" of normal radio receivers that gave the ship "added capacity" to detect indications of possible attack. In testimony released at week...
...China's civil war, Chennault's outfit snarled Communist timetables of conquest by ferrying soldiers and supplies to the mainland. In the process, CAT became Nationalist China's civilian transport arm and the most shot-at airline in history. When Generalissimo Chiang Kai-shek retreated to Taiwan, CAT went along. From time to time, its crackerjack pilots moonlighted, accepting such missions as dropping French paratroopers into Dienbienphu...
Over the years, CAT slipped behind Taiwan's fast-moving economy, and its backers seemed to lose interest. Though 60% of CAT is owned by Chinese investors, the remaining share is held by Pacific Corp., a Delaware-registered holding company that also owns Air Asia and Air America, both booming and active these days in supporting U.S. military efforts in Southeast Asia. U.S. personnel have dominated CAT's front office as well as its cockpits...
...started chipping away at CAT's route map last April. First CAL began flying parallel flights from Taipei to Hong Kong and Tokyo, then took over CAT's routes to Seoul and Manila. It bought three Boeing 727 jets with government guaranteed loans and, recently, a former Taiwan air force chief, who is also a close associate of Chiang Ching-kuo's, appeared as CAL's No. 1 man. Clearly, Taiwan wanted an airline that could be controlled at home and manned by an ample reservoir of retired air force personnel...
Responsible for Taiwan's getting into the steel business is Minister of Economic Affairs K. T. Li, 58, who is quick to play down his role. "The market dictates everything," says Li. "I dictate nothing." But Li's part in the island's economic emergence is well known. Educated at Cambridge University, he interrupted his graduate physics studies in 1937 and returned to China to help in the war effort. Li became an industrial planner, ran an iron-and-steel works, then set up a shipyard in Shanghai before moving to Taiwan when the mainland fell...