A US power company almost averted first China-Taiwan War. Can capitalism stop the second?


Source: theprint.in theprint.in

Key Topics in this News Article:

News Snapshot:

Declassified documents show that the Central Intelligence Agency (CIA) reported to Washington a large number of ships being fitted at Shanghai’s dockyards. This, the documents said, was in preparation for an invasion of Taiwan. Even after the bombing of the Kiangnan docks by the American-made bombers, armies of workers continued to repair damaged junks. The key target of the American-made bombers was the American-owned and American-operated Shanghai Power Company. It was a multinational of critical importance and powered the new, revolutionary People’s Republic of China. Even as the United States protested Taiwan’s air raids in public, the government of President...