Word: yuan
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...strings and politically fears nothing. He works closely with Dr. H. H. Kung, 62, who controls Civil Administration. Brother-in-law of the Gissimo, "Daddy" Kung has for many years controlled Government finances, and is a great believer in printed currency. As Vice President of the Executive Yuan (Chiang is nominally President) he keeps his finger on all civil government...
...Wang Chung-hui, 61, are Chiang's philosophers. Tai, Kuomintang's leading theoretician and head of the Examination Yuan, has great influence on the Gissimo's thinking. Cautious, scholarly Wang is secretary general of the Supreme National Defense Council, which makes major decisions...
This was followed by a really staggering warning from Anglophobe Dr. Sun Fo, President of Chungking's Legislative Yuan and son of China's George Washington, Sun Yatsen. Said Dr. Sun: "If the United States and Britain intend to allow Japan free rein in the Far East while they are finishing off Hitler, as seems to be indicated in recent speeches by [Britain's First Lord of the Admiralty A. V.] Alexander* and Knox, there is grave doubt in Chungking as to the wisdom of China's continuing to fight...
...China, Manuel Fox will be a member of the United States Dollar-Chinese Yuan Stabilization Board. Already there, or on the way, are his fellow-members, modest, capable Chairman K. P. Chen and Britain's Cyril Rogers. The board will study all phases of Chinese economy-taxes, earning power, transportation, etc. But its big job will be to manage China's $90,000,000 Stabilization Fund, try to stop inflation in unoccupied China (where $1.70 in Chinese money buys only one pound of rice...
...China an American dollar goes a long, long way. If the Fund succeeds in making the yuan respectable, Manuel Fox expects a quick lift in China's trade. As late as last year, Japan-for a smuggler's price-sold China most of her imported cloth goods. Smuggling had been choked off to a trickle last week. But with money to give it strength, it would revive again...