Mei-hsiang Wang 王梅香 explains that the Cultural Cold War being waged by the "U.S. aid literary institution" 美援文艺体制 against red ideology was about more than a few magazines, and about more than just Taiwan and Hong Kong, extending out to greater East Asia and the diaspora. 
https://twitter.com/dylanleviking/status/1331854850221432832
Translation and popularization of American works in HK-TW were crucial, but maybe just as important was selling the diaspora on the idea that Free China was the source of authentic Chinese culture. Part of that was Eileen Chang's anticommunist efforts, funded and planned by USIS.
Those books were also shipped off to shore up the propaganda effort in Japan, where there was quite a bit of sympathetic interest in Red China. (From "Reporting on 'China' in a 'Novel' Way," also by Mei-hsiang Wang, all about USIS-Tokyo translations of Chinese literature.)
Also included was College Student Life in Red China 红旗下的大学生活 by Maria Yen 燕归来, a supposedly milder English "adaptation" credited to USIS head Richard McCarthy was reviewed glowingly in the Times. I couldn't tell you whether it's justly or unjustly forgotten.
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