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...freshness and vigor of his personal style far outweighed the importance of any changes he had made in Soviet foreign or domestic policy. Indeed, though Gorbachev, like Deng, has made pepping up his country's economy and improving the material lives of its citizens his top priority, the caution of Gorbachev's opening moves only highlights by contrast the far more radical and fundamental nature of the reforms Deng has already carried out in China. Says Richard Holbrooke, who was U.S. Assistant Secretary of State for East Asian Affairs when Washington restored full diplomatic relations with China in 1979: "There...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

...China's leaders, however, the instant city has not been an instant success. Shenzhen is still booming, to be sure, but not in the direction envisioned by Peking. Last summer, Deng Xiaoping expressed caution about the city's future. Instead of proclaiming Shenzhen's progress, as he usually did, Deng described the city as an "experiment" that "could fail." Said he: "We hope it will succeed. But if it fails, we can draw lessons from...

Author: /time Magazine | Title: A Country Changes Course: Sichuan, China | 6/21/2005 | See Source »

Where are the greatest dangers? Christopher Weafer, chief strategist at Alfa Bank in Moscow, expresses caution about the energy sector and other areas that could be construed by the Kremlin as being of strategic value. A lack of legal enforcement of ownership rights makes investments in those areas particularly vulnerable. "Putin will have to follow through on his promise to end some of the unsettling actions that are driving capital flight and blocking investment," says Weafer. According to Russia's Central Bank, capital flight quadrupled last year, to $9.4 billion. But for now, Western companies seem eager to keep...

Author: /time Magazine | Title: Emerging Markets: A New Frontier | 6/20/2005 | See Source »

Suddenly, Harvard was beating the top team in the nation, and the Bright fans’ collective caution was abandoned...

Author: By Rebecca A. Seesel, CRIMSON STAFF WRITER | Title: UPSET OF THE YEAR: Men's Hockey 3, Boston College 1 | 6/9/2005 | See Source »

...Cowman, originally from Houston, Texas, says that “lots of reassurance and compliments”—as well as a degree of caution regarding possible miscommunications on the telephone—have kept the bond between them strong while they’re apart...

Author: By Amelia E. Lester and Annie M. Lowrey, CRIMSON STAFF WRITERSS | Title: Weddings & Engagements | 6/9/2005 | See Source »

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