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Formosa Seen as Key Industrial and Strategic Pearl
INS correspondent Sid White reports Formosa's rapid postwar rebound with aid from the United States. The island leads Asia in rice, hosts expanding heavy industries, and has seen industrial output surpass prewar levels. About 8 million Formosans and 2 million mainland Chinese inhabit the region, with US defense aid underpinning the nationalist economy. Formosa’s strategic coastal position and developing steel and chemical sectors frame its value to the mainland and to potential future conflicts.
MENTIONED IN THIS ARTICLE
Formosa
United States
INS
Sid White
Tokyo
Islands
Peiping
Chiang Kai-shek
Asia