Word: hwa
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Dates: during 1990-1999
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...helping to coax out three times the expected number of voters. Now Lee is pressing his moral mandate hard: "We will do our best to push for full democracy in the next elections in the year 2000," he told the South China Morning Post. Chief Executive Tung Chee-hwa is unlikely to budge from the Basic Law blueprint -- that is, eight years till full democracy. Tung isn't in any hurry -- and no wonder. In most democracies, he'd be out of a job today...
...government wants to buy the gold itself and hold onto it. The country "can sell later, when the prices are higher," Yoon Jong-hwa, an economic secretary, said Wednesday...
...course, such a powerful rally does not wipe out Asian economic woes at a stroke. "Nobody's out of the woods just yet," Kadlec adds. "There are fundamental problems in the Asian economies that haven't gone away, and that are not going anywhere." Tung Chee-hwa, Hong Kong's Beijing-appointed chief executive, still intends to protect the former colony's currency peg of around eight HK dollars to the U.S. dollar ? and he's got $85 billion in gold reserves with which...
...rally at all is sure to help Hong Kong chief executive Tung Chee-hwa sleep a little easier with his determination to uphold the former colony's ailing currency pegged to the U.S. dollar. This was vital for property and banking interests ? which means, as TIME Asia correspondent John Colmley says, "people have been prepared to take the hit for the currency peg. If that were to go, you'll see them jumping out of windows all over town...
...Hong Kong leader Tung Chee-hwa, meanwhile, drew a line in the sand for speculators, vowing the Hong Kong dollar's 14-year peg to the U.S. dollar is rock solid. He noted that the territory has US$88 billion in foreign reserves to defend its currency...