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...China's Deng Xiaoping leads 1 billion people on a far-reaching, bold but risky second revolution Defying the precepts most cherished by traditional Marxists, he is attempting to blend on a monumental scale elements that seem irreconcilable: state ownership and private property, central planning and competitive markets, political dictatorship and limited economic and cultural freedom. The reforms are a big gamble, and they face considerable domestic opposition. But if they work, the world will not be the same...

Author: /time Magazine | Title: Table of Contents, Jan 6 1986 | 6/21/2005 | See Source »

...country changes course The winds of reform have swept over China with unequal force. Sichuan is a showcase for the new agriculture, Shenzhen is a magnet for foreign investment and a high-tech boomtown, but Shanghai remains peculiarly impervious to Deng's goals...

Author: /time Magazine | Title: Table of Contents, Jan 6 1986 | 6/21/2005 | See Source »

...next generation of leaders Ambitious, better educated than their elders and eager to use their skills, the young men and women now moving up will help determine whether Deng's reforms succeed or fail...

Author: /time Magazine | Title: Table of Contents, Jan 6 1986 | 6/21/2005 | See Source »

...Children: the heirs of Deng's legacy Playing, laughing, sleeping--hardly the stuff of revolution. But the young stand to benefit most from the changes under way. A photo essay captures the faces of the future...

Author: /time Magazine | Title: Table of Contents, Jan 6 1986 | 6/21/2005 | See Source »

...course; he lost part of the hearing in one ear long before he launched the world's most populous nation on an audacious effort to create what amounts almost to a new form of society. But, as might be expected from the diminutive (4 ft. 11 in.), steel-hard Deng, 81, it was a joke with a sharp point. If in his more solemn moments he still attempts to justify what he often calls his "second revolution" in the name of that patron saint of Communist revolution, Karl Marx, Deng is well aware that the system he is evolving...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

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