Word: free-market
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...still uncertain whether Deng's free-market economic reforms are seriously threatened by the current power struggle. While a freeze has been imposed on new economic initiatives, General Secretary Zhao insisted last week that those already in place are "irreversible." But despite such statements, signs of a rollback are cropping up. In the northeastern province of Hebei, the local radio station recently carried a report that peasants with "muddled ideas" have suspended free-enterprise experiments until the political air clears. "Some who have raised capital to set up ((private)) factories dare not set them up now," the report said. Since...
...coalition members must find a new hero, and Kemp auditioned for the role by delivering an anti-Communist scorcher instead of his usual abstruse speech about free-market economics. At a time when some Republicans are distancing themselves from Reagan's foreign policy, Kemp embraced it with renewed fervor and blamed any mistakes on Shultz. He accused the Secretary of State of neglecting "freedom fighters" in Afghanistan and Nicaragua and of waffling on the Strategic Defense Initiative...
...impetus for the voucher program was a study by the Rand Corp. that reached just the conclusion that free-market advocates wanted to hear: rental units in many cities are plentiful but too expensive for lower-income people. Though liberal critics derided the idea as just another way to cut services to the poor, the Administration is now well along on a five-year, $200 million pilot program to test vouchers in 20 communities. To date 15,000 leases have been subsidized by vouchers; eventually the Government plans to subsidize 140,000 rental units...
...Leader Deng Xiaoping, 82, who had named Hu to the top party post seven years ago and had supposedly groomed him as his political heir? What would become of Deng's sweeping economic reforms, aimed at modernizing agriculture and industry through the use of Western-style technology and limited free-market mechanisms? On the questions of economic and foreign policy, China's two top leaders sought to give assurances that no drastic shifts were in the works. Zhao told a visiting Hungarian official last week that the "personnel changes will not affect our line and policies." Speaking with another visitor...
...streets of Nanjing to protest the government actions. The ongoing demonstrations presented the government with one of its toughest political tests in recent years. The question: Could the Deng regime keep its promise to tolerate the dissent and open debate that seemed to go hand in hand with its free-market economic policies? The answer: a resounding maybe. The Communist regime had waited weeks before moving to close down the student protests, but when it acted, it did so with a yin-and-yang-like merger of delicacy and firmness...