Word: zemin
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Dates: during 1990-1999
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...political connections. They emanate from SIHL's parent, known as SIIC, or the Shanghai Industrial Investment (Holdings) Co., with interests in more than 200 businesses around the world. SIIC is owned by the Shanghai city government. Not to be ignored is the fact that China's State President, Jiang Zemin, is a former mayor of Shanghai. "The name of the game in China is relationships," explains Kent Rossiter, a senior investment analyst at Nikko Securities Co. (Asia). "Shanghai Industrial's connections are fantastic...
Evolution is revolution in today's China, as the great transformation of the communist system proceeds in the painful effort to create a system that works. Last week Jiang Zemin was the latest leader to order a retreat from one of the ideology's sacred tenets: state ownership of industry. Although he cloaked his decision in the semantic cant of "socialism with Chinese characteristics," the change he has ordered is nothing less than the last major step toward Chinese-style capitalism. Beijing will sell off the bulk of the nation's virtually broke state enterprises. Call it what they...
BEIJING: As President Jiang Zemin sells his privatization plan to the Communist Party Congress, former premier Zhao Ziyang is causing more headaches for hard-liners by calling for a reassessment of the 1989 crackdown in Tiananmen Square. The appeal is part of a bid for political rehabilitation by Zhao, who was purged following the massacre for his soft stance toward the protesters, and always maintained that Tiananmen Square was a mistake...
BEIJING: As the 15th Communist Party Congress ? expected to inaugurate an era of reforms ? opened Friday, the party was already preparing for the monumental transformation of state-run stores into private enterprises, reports TIME Beijing Bureau Chief Jaime Florcruz. In typical Chinese fashion, though, party chief Jiang Zemin stops short of Western "privatization," instead calling for a "common ownership" system under which workers will be sold stock in most of China's 370,000 state firms...
...Jiang Zemin announces plans to float stock in China's state-run enterprises (TIME Daily) ... Clinton nominates CDC director Satcher to fill long-standing surgeon general vacancy (AllPolitics) ... Scots vote overwhelmingly to establish their own parliament after nearly 300 years without one (TIME Daily) ... An angry Senator Jesse Helms resists attempts to force a hearing over William Weld?s ambassador nomination (AllPolitics) ... A federal judge rules American Airlines is liable for compensatory damages because its pilots were negligent in a deadly 1995 Colombia crash (Reuters) ... U.S. Secretary of State Albright urges Israel and the PLO to end their verbal sparring...