BUSINESS ABROAD: A Ride on a Tiger

He who rides the tiger Finds it difficult to dismount

Ever since 1949, U.S. businessmen trying to operate in—or get out of—Red China have learned the bitter truth of this ancient Chinese proverb. Under the guise of smiling cooperation, the Communists have systematically stripped businesses while holding their managers virtual prisoners. Last week the last of hundreds of U.S. businessmen, who once did a $1 billion business in China, was safely in Hong Kong with a tale of seven years of subtle commercial torture. His name: Charles S. Miner, 49, manager of a big auto, newspaper, real-estate and insurance business...

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