CHINA
IN CARTOONS
Deng Xiaoping ¡]¾H ¤Ö ¥ ), the new leader of China, disbands communes, allows farmers to freely sell their products and introduces profit incentives for factories.It is called "Socialism with Chinese characteristics" - a wonder of rhetoric.
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In La Suisse | |||||
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The 14th Party Congress comes up with the formula: "Socialist Market Economy", to be inscribed in the Constitution the following year. Meaning: from now on, making profit is OK, as long as you use the word "socialist".
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Beijing's bid to host the Olympic Games is turned down. | ||||||
| In Tribune de Genève |
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Deng Xiaoping dies at 92. |
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He'll be remembered as the man who put China on the path to economic reforms (...and what else ?). |
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In L'Hebdo | |||||
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The British colony of Hong Kong is returned to China. Macao will follow. And Taiwan worries: «Will we be next?»... |
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In Die Weltwoche | ||
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Under Jian Zemin's leadership, the 15th Party Congress reveals its plan to sell most state-owned industries. In a word: privatize! In the coming years, tens of millions of workers will be laid off, with no social protection in sight.
Now, is this still socialism - or raw capitalism? For the average Chinese, it might be the worst of both worlds...
In L'Hebdo
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Tough luck. Three days before President Jian Zemin starts his state visit to the United States, the Hong Kong stock market collapses. The crash may foreshadow a boarder one: the collapse of the Chinese economy.
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Bill Clinton pays back a visit to China...
In Die
Weltwoche
...TO BE CONTINUED