Word: deng
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Dates: during 1980-1989
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...China's Deng Xiaoping, TIME's Man of the Year in 1978, boldly delivered on his promises to open the Chinese economy and bring the world's most populous nation into the political and economic mainstream. The reforms that had allowed a small degree of capitalism and entrepreneurship in the countryside were slowly extended to the cities. In its new and frank acceptance of economic incentives, China took another historic turn away from Marx and Lenin and toward, in a sense, Peter Ueberroth...
...them is the recognition of the influence of Nancy Reagan on her husband, which has been noted by both China's Deng Xiaoping and the Soviet Union's Andrei Gromyko after official meetings with the President. Reagan's growing interest in foreign policy is another. He has faces and personalities to put onto governments, and friends to call and talk with about international problems. That has changed what was often an academic exercise into a people problem, which Reagan likes...
...original remark was attributed to a recent address by Party General Secretary Hu Yaobang, an impulsive speaker who has required public correction before, and reflects the thinking of Chinese Leader Deng Xiaoping. The remark was misinterpreted abroad as a major ideological shift, evidently persuading Chinese reformers to qualify Hu's words for fear of inciting a back lash among party conservatives. "Such a fuss is the last thing we wanted," said a Chinese intellectual. "We need a quiet revolution...
...their determination to shift from a planned, predictable economy to an open one. That approach has had spectacular success in the countryside over the past two years. Last month delegates to the Third Plenum of the Twelfth Central Committee approved a 16,000-word resolution put forward by Leader Deng Xiaoping extending many of the reforms to the cities. As a result, the government-set prices that have allowed 200 million people to enjoy low rents ($3 to $5 monthly per family), inexpensive food, even cheap haircuts and public baths, at an annual cost of $55 billion, or about half...
...will begin at the local level. As a result, predicts Economic Daily, the government's voice on economic policy, 40% of factory bosses and 70% of party leaders in 3,000 enterprises might have to be replaced. It may not come to that, but as a demonstration of Deng's intent, some unexpected shifts have already been announced. Two weeks ago the Shanghai municipal government approved the start-up of 3M China, Ltd., a wholly owned subsidiary of U.S.-based Minnesota Mining & Manufacturing Co., which will produce electric tape and connectors without Chinese partnership for the first time...