Word: revolutionize
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The scars left by the Cultural Revolution have made some young Chinese nervous about speaking out, fearful that they could become victims of some future political shift. Wang Liping (not his real name) saw his father, a university professor, forced to spend eight years as a lathe operator during the...
As they advance in their careers, members of Ma's generation will have to cope with such frustrations and misgivings. Nonetheless, there are growing signs that younger Chinese leaders strongly support Deng's reforms. Says Economist Tang: "The new policy is very necessary because during the Cultural Revolution the economy...
CITIC owes much of its style and substance to Rong, whose own history parallels China's recent twists and turns. A Shanghai industrialist and deputy mayor of that city, Rong watched the nationalization of his factories after the Communist takeover. He and his wife were beaten by the Red Guards...
To achieve the union of the two systems, Rong assembled an executive staff of former businessmen and talented young technocrats. "We study the market before we pick a project," says Jin Xuping, 67, one of CITIC'S two executive directors. Jin learned capitalist methods before 1949 while working in a...
If Botha could afford to ignore the demands for Mandela's unconditional release, it was because, for all the anger and unrest, he knew that racial revolution was not imminent: the armed forces and police retain overwhelming power. In July the Botha government imposed a state of emergency in many...