Word: reform
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Dates: during 1980-1989
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...Price reform has been acknowledged by Gorbachev as an essential element of perestroika and an eventual certainty on the Soviet agenda. But mindful of the disruption that such reform has caused not only in China but also in parts of Eastern Europe, he has done virtually nothing to cut back on state subsidies for everything from bread to meat and butter, which keep prices low but drain off billions of rubles annually. So far the leadership has not presented any plan for price reform, but the issue has triggered public debate. Says a parliamentary deputy: "Prices are not so much...
...week a party plenum meeting in Beijing's Great Hall of the People approved measures designed to cool down an overheated economy and reduce an annual inflation rate that is officially conceded to be 19% but may be as high as 30%. As a result, the pace of price reform in China for the next two years is expected to slow significantly...
...some ways, China's road to reform should be less rocky than the Soviet Union's. Beijing does not have a nationalities problem as severe as the one that confronts and distracts Moscow. Unlike the Soviets, the Chinese seem imbued with a natural entrepreneurial drive. But the Soviet Union has a broader industrial base, and its people are more highly skilled and better educated...
Considering how many problems Moscow and Beijing share in bringing their reform programs to fruition, it seems appropriate that the two countries announced last week that Chinese Foreign Minister Qian Qichen would visit Moscow later this year. If Qian talks with Gorbachev, it will be the first high-level official meeting between the two countries since 1969. The move signals Beijing's approval of recent Soviet foreign policy moves, notably a reduction in Moscow-supported Vietnamese troops in Kampuchea. It also raised the possibility of a Sino-Soviet summit meeting between Gorbachev and Deng in Beijing next year. If that...
...Moscow shake- up and a Beijing slowdown are the price of reform...