Word: deng
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...China has no reason to renege. It's what some commentators call the "golden goose" theory: Hong Kong's thriving economy, capitalist infrastructure, and status as a hub of world business make it such a tantalizing prize that the Chinese won't dare to mess with it. (Deng Xiaoping himself has been known to say, "To get rich is glorious.") The theory has been so convincing that big business has come to see 1997 not as a disaster but as an unrivaled opportunity to crack the billion-strong Chinese market. Integrating Hong Kong into the mainland would bring down...
...minute; even political turmoil. As journalists, the couple were keenly aware that international events could at any moment close a door that had taken years to pry open. Just as they were about to leave for China, Washington and Beijing began fighting over trade issues, and rumors circulated that Deng Xiaoping, China's aging leader, was about to die--an event that could presage turmoil...
...robust economy and the blooming of individual liberty, is punishing any country that even considers a two-China policy. Hong Kong looks edgily toward June 30, 1997, when the British government will hand its crown colony over to the People's Republic, and back to June 4, 1989, when Deng Xiaoping crushed the Tiananmen Square revolt. Officially, China and Taiwan are enemies, and China and Hong Kong are siblings about to be reunited. Practically speaking, everyone does business with everyone else--especially movie business. Hong Kong films use mainland locations; Taiwanese companies co-produce P.R.C. films; Chinese and Hong Kong...
...past, both countries put aside their differences for the sake of upholding their informal alliance against the Soviet Union. Now, with the Soviet threat gone, the disagreements can fester. Making matters even worse is the struggle under way over who will succeed Deng Xiaoping. "To appear weak before the U.S. puts potential successors in a vulnerable position," says Robert Ross, a visiting professor at the College of Foreign Affairs in Beijing. Testifying before Congress last week, Henry Kissinger, the advance man for President Nixon's opening to China, said, "Sino-American relations are in free fall." For a good indication...
...harangues, it strengthens the hands of the xenophobes in China and weakens those forces that want to move toward a less authoritarian society. The U.S. can't improve China's values by stamping its feet." That is particularly true at a time when the uncertain succession to Deng Xiaoping means no one in the Chinese leadership wants to be perceived as soft on anything, least of all foreign policy. Says Levin: "Until the succession question is totally clear, expect Beijing to be cautious, prickly and nationalistic...