BUSINESS ABROAD: Red Propaganda Fair

For the biggest overseas industrial exhibition that Red China has yet attempted, the entrance to Tokyo's International Trade Fair Hall was transformed into a five-story reproduction of a Mandarin palace. A pair of ferocious papier-mache lions guarded the doors. On opening day firecrackers sputtered, a red and gold dragon writhed in the streets and clouds of confetti burst over the eager crowds. Then it rained for a week and the lions began to come apart. By last week the enthusiasm for the fair of many of Tokyo's businessmen, who have been clamoring...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!