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...China's new currency was announced, all stock exchange transactions were frozen. The day before the announcement, a traders' pool, working on inside information, dumped 30 million shares on the market in what Shanghai papers dubbed "Operation Giant Bear." Promptly arrested as broker for the deal was Tu Vee-pin, son of Tu Yueh-sheng, president of Shanghai's stock exchange and one of the most powerful men in Shanghai. Big merchant hoarders and price riggers were also pulled...

Author: /time Magazine | Title: CHINA: Spirit v. Money | 9/20/1948 | See Source »

Reluctant Givers. Recently the government asked China's wealthy to donate $1,000,000 (U.S.) for the relief of war refugees. The "special relief levy" met with a chilly response from such men as Tu Yueh-sheng, Shanghai's richest and most powerful citizen, who sits on the boards of 44 business enterprises and eight benevolent associations. Tu, who got his start as the Al Capone of the city's underworld, didn't want to give anything at first. After Shanghai's Mayor K. C. Wu threatened to publish the names of wealthy nongivers, Tu...

Author: /time Magazine | Title: CHINA: To Save the Hair & Skin | 8/30/1948 | See Source »

...Western progress. The Communist attack has not only halted such progress; it is sweeping away the village, the family-all the ancient pillars of Chinese society which endured despite primitive economics and decadent politics. TIME China Correspondent Fred Gruin last week headed the following report with a quotation from Tu Fu, great 8th Century poet of suffering...

Author: /time Magazine | Title: CHINA: 30,000,000 Uprooted Ones | 7/26/1948 | See Source »

...cruel no man's land toward Tientsin, Peiping and the hope of a living. The distance they cover is upwards of 800 miles. The ordeal they undergo, as culled from my own observation in Manchuria and North China and from the press in Nanking, would need a Tu Fu to compass...

Author: /time Magazine | Title: CHINA: 30,000,000 Uprooted Ones | 7/26/1948 | See Source »

Social Relations 33. To be given Tu...

Author: NO WRITER ATTRIBUTED | Title: Course Additions, Changes | 2/2/1948 | See Source »

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