Word: capitalistically
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...Special Administrative Region of the People's Republic of China," with "a high degree of autonomy." But for all their celebrated ingenuity and adaptability, the Hong Kong Chinese fear that their new, sometimes draconian Communist motherland might either crush or mishandle the community's laissez-faire capitalist system. In the words of James McGregor, director of the Hong Kong General Chamber of Commerce, "Prosperity, in a free-enterprise territory like ours, requires confidence, and confidence is a delicate plant. You cannot have big, heavy-booted people trampling all over...
There is some anxiety that the economic changes will result in higher prices and open the way for such capitalist troubles as bankruptcy and unemployment. In any case, the success of Hungary's flirtation with capitalist economics will ultimately depend on Moscow: every dip in the East-West temperature hits Hungary like a cold spell. Budapest downplayed East German Leader Erich Honecker's decision not to visit West Germany; instead it emphasizes the possible improvements in superpower relations that might result from the Washington meeting between President Reagan and Soviet Foreign Minister Andrei Gromyko...
...draft agreement that will end British rule in Hong Kong and launch a local government that, while being part of Communist China, will be based on private enterprise. Under the terms of the accord, to be initialed in Peking this week, Britain will continue to administer the thriving capitalist enclave until 1997. But in 1988 a 13-year transition period will begin during which a "joint liaison committee," selected by Britain and China, will oversee the transition from British rule to self-government under Chinese residents of Hong Kong. Although Hong Kong will become a "special administrative region" of China...
Zhao Jingleca, a former Nieman Fellow from the People's Republic of China, predicted that the systems of communism and capitalism will increasingly allow each other to coexist. For example, Zhao said, the Chinese government is planning to establish new capitalist cities favoring foreign investors...
...both pragmatic, and we both have a sense of humor, and that's not something to be said very lightly," said Zhao. "Nevertheless, socialist China and capitalist America make strange badfellows...