Word: economice
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I then witnessed the dramatic blossoming of personal freedoms and economic growth in the 1980s, punctuated by periodic countercampaigns launched by neo-Maoists in the leadership. One could literally feel and see Chinese society come alive after its long Maoist trauma, only to have people quickly recoil when the conservatives...
In the 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...
The question for China's leaders was never whether to modernize - but how. During the Maoist era a variety of economic models were 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...
As a result of its economic boom, China has amassed a staggering $2 trillion in foreign exchange - the largest reserves in the world - and is beginning to invest significant amounts abroad. Today, 37 Chinese multinational corporations rank among FORTUNE's top 500 global companies, up from just six a decade...
But the economic explosion has come at a high environmental cost. China's air and water are among the most polluted on earth and it is the leading emitter of greenhouse gases. The environmental nightmare is hurting public health. Malignant cancer now accounts for 28.5% of deaths while respiratory diseases...