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...unlikely to come to China in the foreseeable future. Yet one of the great maxims of classical Marxism, that market forces are somehow the source of wickedness, has been discarded. Last October, on the heels of impressive economic gains in the rural areas, the Communist Party's central committee plenum announced reforms as well for the urban economy in which market forces will play a decisive role. Instead of a market economy, Peking's theoreticians now talk of a "socialist commodity economy." Only the names have been changed...

Author: /time Magazine | Title: China the Puzzle of the New | 3/18/1985 | See Source »

...there was a last straw, however, it was probably his determination to order yet another shake-up of the party apparatus at the coming November plenum of the Central Committee. This time it was to involve not only mid- level apparatchiki but higher cadre as well. Thus he encroached upon the holy of holies, the sanctum of the ruling class. Khrushchev's meddling could no longer be tolerated...

Author: /time Magazine | Title: Breaking with Moscow | 2/11/1985 | See Source »

...Chinese authorities seemed willing to let the money-changers operate. It was a further signal of their determination to shift from a planned, predictable economy to an open one. That approach has had spectacular success in the countryside over the past two years. Last month delegates to the Third Plenum of the Twelfth Central Committee approved a 16,000-word resolution put forward by Leader Deng Xiaoping extending many of the reforms to the cities. As a result, the government-set prices that have allowed 200 million people to enjoy low rents ($3 to $5 monthly per family), inexpensive food...

Author: /time Magazine | Title: China: Lower Profile for Mother-in-Law | 12/3/1984 | See Source »

Soviet President Konstantin Chernenko glanced up at gray, glowering skies as he stepped out of his limousine at the Kremlin last week for a special plenum of the Communist Party Central Committee. The weather must have been very much on his mind. For the sixth consecutive year, the Soviet climate had played havoc with grain crops. The yield, according to Western estimates, was expected to measure only 170 million metric tons, well below the 220 million metric tons needed for annual consumption...

Author: /time Magazine | Title: Soviet Union: More Troubles on the Farm | 11/5/1984 | See Source »

Moscow had been swept with rumors that Chernenko might step down at the plenum because of poor health. But the sole topic at the one-day session was agriculture. Chernenko outlined an ambitious 20-year development scheme, calling for the reclamation of 44.5 million acres of desert and swamp land, mainly in the country's temperate southern regions, by the end of the century. In the meantime, Moscow will have to make up for this year's poor harvest with extensive imports. Ironically, help is coming from the Reagan Administration. Under a new five-year grain-sale pact...

Author: /time Magazine | Title: Soviet Union: More Troubles on the Farm | 11/5/1984 | See Source »

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