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...factories, on farms and in government offices, ambitious and reform-minded young men and women are steadily moving up. They are frequently better educated than their elders and eager to use their skills to get ahead. Over the next 20 or so years, they will help determine whether Deng Xiaoping's vision of an economically advanced China succeeds or fails...

Author: /time Magazine | Title: Man Of The Year: Leaders Eager to Advance: China | 6/21/2005 | See Source »

...they advance in their careers, members of Ma's generation will have to cope with such frustrations and misgivings. Nonetheless, there are growing signs that younger Chinese leaders strongly support Deng's reforms. Says Economist Tang: "The new policy is very necessary because during the Cultural Revolution the economy became very poor. Now we must build it up. That is very important." --By John Greenwald. Reported by Robert T. Grieves and Richard Hornik/Peking

Author: /time Magazine | Title: Man Of The Year: Leaders Eager to Advance: China | 6/21/2005 | See Source »

CITIC is an elite concern formed in 1979 on the personal order of Deng Xiaoping. He proposed a kind of Western investment banking firm to get around the ponderous Peking bureaucracy and speed China's economic development. Led by Rong, 70, a silver-haired millionaire, the organization has helped foreign companies invest in everything from beer production to coal mining and has raised hundreds of millions of dollars overseas. "CITIC is a breath of fresh air," says Virginia Kamsky, president of Kamsky Associates, a trade consultant with offices in New York and Peking. "The people there ask the right kinds...

Author: /time Magazine | Title: Breath of Fresh Air: China International Trust and Investment Corporation | 6/21/2005 | See Source »

...that the young are generally more energetic than the old, although Ronald Reagan and Deng Xiaoping have rendered even that proposition somewhat dubious. But the other characteristic of youth is an absence: the absence of the memory and experience of age. "New generation" politicians, unlike a Reagan or a Mondale, have no memory of the great transforming events of this century such as the Depression, World War II or postwar reconstruction. Only the peculiar arrogance of youth can make a virtue of that vice. That vice, of course, is no fault of the young, but it is hardly a great...

Author: /time Magazine | Title: Essay: Back to the Future | 6/21/2005 | See Source »

...Editors: Deng Xiaoping as Man of the Year is your best choice ever [MAN OF THE YEAR, Jan. 6]. Deng is proving again, as the U.S. did many years ago, that the most powerful and beneficial force in the world is individual freedom and enterprise. James Sumner Sedona, Ariz...

Author: /time Magazine | Title: Letters: Jan. 27, 1986 | 6/21/2005 | See Source »

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