CHINA: Money to Burn

Uneasiness grew in Chungking with each new shipment of fresh Chinese bank notes from the U.S. As the big transports from over the Hump brought ton after ton of baled currency, the people who understood took quiet steps and the ones who only sensed something strange became cautious.

A U.S. soldier, standing ankle-deep in Chungking mud, lit a cigaret with a Chinese dollar and laughed. A patient child cut a doll from currency and its mother said nothing. A ricksha coolie, squatting beside the road, thumbed through a fat roll again & again. He waved away a customer, saying that he...

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!