Word: deng
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China and the U.S. are passing one another going in opposite directions. Deng Xiaoping, who ran China after Mao had become a tourist attraction lying in a glass box in Beijing, began moving the country to a capitalist economy. By the time he died in 1997, China had begun vigorous trade with the outside world leading to remarkable years of GDP growth. (See pictures of China's electronic waste village...
...book tells the story of two siblings' struggles through the turmoil of the Mao era and the country's transformation under Deng Xiaoping. The coarse, shameless Baldy and his handsome, trustworthy stepbrother Song Gang grow up poor during the Cultural Revolution. They watch as their father is persecuted to death and their mother debilitated with grief. They are orphaned as teenagers and a battle for survival bonds the boys together. But once China adopts capitalism in the 1980s, their paths diverge. The wily Baldy becomes an entrepreneur; Song Gang languishes as a worker in a state-owned factory...
...accomplishments of the Party. In those essays, Bao argued that the Communist Party's motivations for reforming the economy in the early 1980s after the devastation of the Cultural Revolution were not entirely pure. "Even though he didn't care much for economics and didn't understand the market, Deng Xiaoping supported economic reforms with all his might," Bao said. "However, his goal was still to save the Party, and for that reason he was a fierce protector of Party power and status...
...dismal inequality and extreme poverty in Cuba. Following their victory, the revolutionaries became symbols of an enduring resistance against America and its values less than 100 miles from U.S. soil. Fidel Castro and his regime have since outlasted 10 U.S. presidents, the fall of the Soviet Union, Deng Xiaoping’s market reforms in China, and both the civil rights movement in America and the election of the first African-American president. Despite history, it seems, Cuba marches...
...Milano briefcase. Wang is the founder of an advertising agency that employs nearly 70 people in three Chinese cities and counts as customers major multinational companies including Procter & Gamble and Sony Ericsson. Like so many of her generation, Wang never looked back after racing through the door Deng's economic reforms opened, and her accomplishments show how far the country has come. But they also show that China's capitalist road is leading toward a wall - that the first phase of its 30-year economic miracle has run its course...