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...early 1990s, I again experienced China as a society traumatized, this time by the aftermath of Tiananmen. But by mid-decade Deng Xiaoping had reignited domestic economic reforms and China had normalized its place in the world after its post-Tiananmen isolation. Politics, however, remained frozen and the heavy hand of the state remained evident. Only during the present decade, in the waning years of Jiang Zemin's rule and under Hu Jintao, has the Communist Party begun to experiment with very limited political reforms. My discussions with those party officials involved with crafting the "democratic" reforms makes clear that...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...experimented with, each of which achieving some modicum of growth. Yet all of them left China lagging far behind the West and East Asia. The costs of some initiatives, like the Great Leap Forward from 1958 to 1960, were catastrophic in human and environmental terms. It was not until Deng and Chen Yun, another reform-minded Politburo member, returned to power in 1978 from internal exile that the economic course was changed. (See pictures of a new look at old Shanghai...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...disappointing that Congress has given short shrift to the solutions outlined here. Since these proposals offer major potential cost savings, lawmakers of both parties should willingly reconsider them—despite the fact that these ideas generate most of their support from one side of the aisle. To paraphrase Deng Xiaopeng, “Whether a pill is black or white makes no difference. As long as it works, it is a good pill...

Author: By Anthony P. Dedousis | Title: Unbendable? | 9/23/2009 | See Source »

...selects its next leader. Critically, Hu's appointment to the same job was announced at the Plenum held three years before he ascended to the General Secretaryship of the Party in 2002. Because previous head-of-state successions have essentially been orchestrated by dominant leaders like Mao Zedong and Deng Xiaoping, Hu's path to power is the only precedent Chinawatchers - and, indeed, middle and lower level Party members - have to make judgments about the process. Until now, Xi, China's current vice president, has received the same titles at the same point in time as Hu. Xi's failure...

Author: /time Magazine | Title: China's Succession: Hu's Heir Is Not So Apparent | 9/22/2009 | See Source »

...growth-focused model that Deng established in China 30 years ago has given Coke a reasonably stable platform to manage its expansion. "We know exactly where we are going," Jackson explains. "The government says, 'We'll urbanize 20 million people this year, and we'll do it sustainably through to 2020. We'll nearly urbanize the population of the United States over the next 10 years.' I can be very assured that I can place my bets for the company." Of course, Jackson wasn't betting that Beijing would block Coke's proposed $2.4 billion acquisition of Chinese juicemaker Huiyuan...

Author: /time Magazine | Title: Coke's Recession Boomlet | 9/21/2009 | See Source »

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