Word: deng
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Dates: during 1980-1989
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David Aikman, a former Beijing Bureau Chief for Time Magazine, said that China's leader Deng Xiaoping's most significant accomplishment has been the creation in China of "a vogue for meritocracy...
...Deng regime is based on incentives and social advances, but is unaffected by dogma," he said...
...among the first beneficiaries of the newest and potentially most sweeping economic reform launched so far by China's leader, Deng Xiaoping. Beginning this week, all state-owned enterprises will be allowed to hire some workers under contracts similar to Li's. The change represents a dramatic turning away from the system of lifetime employment that the Chinese have clung to since the Communists took power under Mao Tse-tung in 1949. Says Max Boisot, a Peking-based British economist: "This is probably the biggest step of all Deng's reforms. If it succeeds, a lot of others will fall...
...contracts are just one in a dizzying array of Deng's market-oriented economic reforms. In China's first bankruptcy auction last week, the government sold a factory in northeastern Liaoning province to a worker-owned unit of the Shenyang Gas Supply Co. The plant went out of business in August after Peking decided to stop propping up money-losing ventures. In another move, limited stock trading began in Shanghai in a test that could lead to the creation of China's first stock exchange since...
...those who did. China's Chou En-lai came in 1920, some 70 years after Karl Marx left Paris for London and eight years after a young Russian revolutionary named Vladimir Ilyich Lenin moved from Paris to Poland. While working at the Renault auto plant, Chou met a compatriot, Deng Xiaoping, China's present ruler, and together they founded a branch of the Chinese Communist youth organization. One of their contemporaries in Paris was Viet Nam's Ho Chi Minh...