Word: tung
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Behind the clamor lies a fundamental mystery: To what extent is Tung free to make decisions without Beijing's interference? As Tung prepares to govern, analysts feverishly search for clues as to where his true loyalties...
...furor played straight into Lee's vigorous campaign to warn the world of what he sees as dire threats emanating from Beijing. He is convinced the leadership intends to control Hong Kong so tightly that all its current economic and political freedoms will disappear. While Tung was struggling to defend his unpopular proposals, Lee enjoyed a triumphant tour of the U.S., including a symbolically important chat with President Clinton. Lee's Democrats threatened to mount protest marches on hand-over night in deliberate violation of the proposed restrictions and tie up the courts in a skein of lawsuits if Tung...
...enclave where business interests hold the real power, Tung has the right pedigree. The 60-year-old son of a multimillionaire shipowner, educated in Britain, schooled in business in New York City, Tung is on a first-name basis with Asia's political and business leaders...
When his father, the flamboyant founder of the Orient Overseas shipping empire, died suddenly in 1982, he bequeathed his heirs a collapsing empire indebted to more than 200 banks for loans of $2.68 billion. For the next 17 months, C.H. Tung labored seven days a week to build a consensus among creditors to restructure the tangle of public and private companies. When he needed a large infusion of new capital, he turned to the Taipei government. The answer was no. Tung then approached mainland Chinese, and a local businessman with ties to Beijing kicked in the money. Only this year...
...lives of Tung and Lee will continue to intersect as both seek to ensure that Hong Kong survives its historic transition intact. "Martin is so stubborn," Tung says of his rival. Tung prefers a get-along and go-along strategy that will build up trust in Beijing. "It's only in that way that they will keep hands off," says a friend and political ally. Lee thinks that will not work with communists. "C.H. is a good man who may be forced to do evil," he says. So Lee intends to keep confronting China in the law courts. In fact...