Word: hu
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China is under no obligation to allow foreign broadcasters to operate, and by tightening regulations across the board, President Hu Jintao has shown his wariness about opening China's living rooms to Western culture. Multinational media companies are salivating over the $3.4 billion in TV advertising carried on networks in China last year, only 6% of which went to foreign firms, according to Vivek Couto, a Hong Kong--based media consultant. But government restrictions limit some News Corp. channels to the southern Chinese city of Guangzhou, luxury hotels, top government offices and approved apartment buildings. (Time Warner, owner of TIME...
...shift was made because the dollar had become too volatile, so it was in China's own long-term interest to change. Whatever the reasons, the decision is expected to smooth strained relations between China and the U.S.?good timing, given that a meeting in Washington between Chinese President Hu Jintao and U.S. President George W. Bush is scheduled for September...
Deng relaxes by swimming and indulging his passion for bridge. He and his wife hold a regular Saturday game at their home in the Western Hills area of Peking, usually with Vice Premier Wan Li and Party General Secretary Hu Yaobang. Deng has a fondness for pomelos, a grapefruit-like citrus fruit grown in Sichuan, and he sometimes places special orders for them. He is also a world-class smoker, lighting one Panda-brand cigarette after another in his meetings and audiences. Deng recently declared to former Secretary of State Henry Kissinger, "Mine is a hands-off policy...
...highest-ranking new technocrats are Li Peng, 57, widely seen as China's next Premier, and Hu Qili, 56, heir apparent to the powerful post of General Secretary of the Communist Party. Both men were elevated last fall to the party's policy-setting Politburo. Li, the adopted son of former Premier Chou En-lai, is a Soviet-educated engineer who speaks Russian and has served as minister of the Chinese power industry. Hu, a fluent English speaker, runs the party's day-to-day activities...
While such officials as Hu and Li will set China's policies in future years, young professionals like Tang Yigai, 37, will be charged with making them work. Tang, a husky man who speaks rapidly, is vice director of economic research for the Xinjiang Uygur Autonomous Region. He was a Red Guard during the Cultural Revolution. "People did things they now regret," he recalls. "It was not a good time...