Word: zemin
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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...
...minute after midnight on July 1, as the red-and-yellow flag of the People's Republic rises in the glare of artificial rockets, a proud nation will wipe away the stain of shame. President Jiang Zemin himself will preside as the motherland reclaims a piece of itself, instantly replacing the councils and crown symbols of British rule with the new authority of the Hong Kong Special Administrative Region. The Chinese feel that a historic wrong has been righted. It showed in the faces of the elderly pensioners who gathered a few weeks ago in the mainland city of Shenyang...
...guaranteed workers lifelong employment and social benefits. Pushing ahead with reform depends on how much pain and suffering people will take before they resort to rebellion. In March, Finance Minister Liu Zhongli acknowledged that reform of the enterprises was "important for the destiny" of the nation, but President Jiang Zemin has been moving ahead very cautiously. He seems to hope half measures like increasing worker shareholding or small-scale mergers can bail out basket cases like Shenyang...