Word: capitalist
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...Hong Kong must adjust to the fact that it is not the only capitalist city or financial center in China, is not the biggest port, is no longer a manufacturing hub or a unique political anomaly in a postimperial age. Can Hong Kong transform itself again, as it did in the 1950s when it became more than a China gateway by turning itself into a manufacturing powerhouse? Or is it destined to become like Rio de Janeiro? Fifty years ago, the Brazilian city was the priciest place on the planet. But it lost its bearings when the bureaucracy moved...
Pondering this resilience of the capitalist system, I encounter, inside the Selfridges department store, an Arab-themed café offering its customers a “Bedouin” experience: on colorful cushions in a tent-like structure, young women surrounded by their shopping bags smoke hookah pipes. At this most superficial of levels, the commercial complex is able to combine Islamic and Western elements without any of the problems which crease the brows of the country’s politicians. Appearing on the BBC, Tony Blair, the British prime minister, and Jack Straw, the foreign minister, anxiously stress that...
China's transition from aCommunist dictatorship to a free, capitalist democracy is inevitable. You can't give an oppressed people like the Chinese a taste of the free market without expecting them to rise up against their rulers...
...achieve the union of the two systems, Rong assembled an executive staff of former businessmen and talented young technocrats. "We study the market before we pick a project," says Jin Xuping, 67, one of CITIC'S two executive directors. Jin learned capitalist methods before 1949 while working in a family-owned group of insurance, oil and tobacco companies. Sent to the countryside during the Cultural Revolution, he grew vegetables and endured endless hours of political harangue...
...peaceful nation committed to stability and cooperation. Mao's two upheavals, the Great Leap Forward and the Cultural Revolution, caused millions of Chinese misery and death; Deng's changes have brought joy and happiness. Now China, the erstwhile protagonist of socialist revolution, and the U.S., the greatest capitalist country, have become friends. For that, Deng deserves a Nobel Peace Prize. Mahmood Elahi Washington...