Wall Street optimism grows as factors point to gains
AP reports January starts with optimism among observers as the U.S. economy shows expansion and profits may rise 12 to 18 percent. Foreign investors seek safety in American assets, Europe battles inflation, and pension funds and banks bolster stock prices while mutual funds face continued redemptions.
MENTIONED IN THIS ARTICLE
John Cunniff
Business Andynt
New York
Wall Street
U.S
America
Red China to Continue Outside Contacts in 1973
AP reports that China intends to persist its liberal foreign policy line in 1973, maintaining contacts with the United States and other non communist powers despite ongoing Vietnam war. The New Year message from People’s Daily Liberation Army Daily and Red Flag condemns power politics, praises Ping Pong diplomacy, and singles out Liu Shao-chi and Lin Piao as traitors while signaling no shift in Sino American relations.
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Tokyo
China
United States
Peking
People’s Daily
Liberation Army
Red Flag
Mao Tsetung
U.S
Rebels warned of Soviet backed line and readiness for conflict
Contacts described as revolutionaries and "bad elements" with rightists planned to join Russians to oppose China and Communism. In 1973 the priority was criticizing and unmasking this Soviet inspired line. Emphasis was on readiness for conflict, with no mention of renewed Chinese Soviet border tensions.
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China
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