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...growth. Yet all of them left China lagging far behind the West and East Asia. The costs of some initiatives, like the Great Leap Forward from 1958 to 1960, were catastrophic in human and environmental terms. It was not until Deng and Chen Yun, another reform-minded Politburo member, returned to power in 1978 from internal exile that the economic course was changed. (See pictures of a new look at old Shanghai...
...system has not changed much since 1949. It is still a Leninist system, dominated by the CCP and an oligarchy of its self-selected leaders, which tolerates no opposition. The Party's powerful Organization Department oversees all major appointments in the country, and one must really be a party member to get ahead professionally. Party and government organs remain essentially as they were six decades ago, copied from the Soviet Union...
...natural disasters now strike, such as the South and Southeast Asian tsunami in 2004 and the Pakistan earthquake the following year, China is there to provide physical and financial assistance. China now has over 2,100 peacekeeping personnel deployed in about a dozen nations worldwide - more than any other member of the U.N. Security Council. This is one tangible expression of China's strong commitment to the U.N. Today, indeed, the PRC may be the greatest advocate of the U.N. among the major powers. (Read "China Takes on the World...
...weeks ago, Gaddafi submitted a proposal to the U.N. to abolish Switzerland and divide it up along linguistic lines, giving parts of the country to Germany, France and Italy. Although the motion was thrown out because it violates the U.N. Charter, which states that no member country can threaten the existence of another, some Swiss leaders are still concerned that Libya could use its yearlong presidency of the U.N. General Assembly, which began on Sept. 15, to keep up Gaddafi's vitriolic attacks on their country. (See the top 10 U.N. General Assembly moments...
...radical corporate makeover, which some have suggested could include forced sale of some assets (as GM was forced to do to get bailed out by Washington), is JAL's possible fate. On Sept. 25, following Nishimatsu's visit to the Transport Ministry, the government announced that a five-member task force will help formulate a restructuring plan, to be finalized by the end of November. Relative to other carriers, JAL has a high portion of revenues coming from non-flying businesses and potential spinoffs could target freight operations and less profitable operations. JAL is also being wooed by foreign carriers...