Word: deng
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...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...
While the economic outlook in most Pacific countries is bright, the political climate is less certain. In many East Asian nations, businessmen face perplexing questions: What will happen in the Philippines if the ailing Marcos should die or be forced out of office? Will Deng Xiaoping, the 80-year-old Chinese leader, live long enough to solidify his reforms? Will the North Korean terrorists who killed 16 South Korean officials in a bombing in Burma last year strike again...
...moment, nothing seems likely to stop Deng and his reforms. After a People's Daily article last week voiced the widespread fear that his open-door policy admitted all kinds of "dirty things," the ever resourceful leader had a typically pungent response. "It doesn't matter if someone gets dirty," he said, "just so long as he washes himself more often." -ByPicolyer...