Mao Comes To Taiwan

Shu-Ching Jean Chen reports in Forbes, from Shanghai:

Mao Zedong may have failed to conquer Taiwan, but this Monday, he will achieve a posthumous landing on the island, on the face of Chinese bank notes.

As part of comprehensive financial liberalization measures announced Thursday, Taiwan will allow the conversion of the yuan into Taiwanese dollars in banks across the island that Beijing still considers a renegade province.

It will be the first time that Chinese bank notes, many of which display Mao’s visage, will be officially available in Taiwan.

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