| Current edition | Previous edition | News Index | Contents | |
| Current edition | Previous edition | News Index | Contents |
Sat, Feb 22, 1997
China Emphasizes Unity:
CCP, Army and People will 'build socialism with Chinese characteristics'Jiang Zemin: Jiang made his first public appearance since Deng's death, reports the South China Morning Post. In a remark designed to underscore the unity of the government, Jiang said, "The Communist Party, the Army and the people are determined to turn grief into strength, hold high the great banner of Deng's theory, and build socialism with Chinese characteristics."
Jiang made this remark while meeting with the Kazakhstan President and a Vietnamese Communist Party Politburo member. As also reported in the article, National People's Congress Chairman Qiao Shi re-affirmed China's foreign policy of enhancing "friendly cooperation with countries in the Asia-Pacific region and the world at large," and in this light the meeting with the two foreign officials appears to serve as fine symbolism for China and its presence in the region.
Deng Xiaoping: the Far Eastern Economic Review has dug up from its archives an insightful article written in 1977 by veteran China-watcher David Bonavia. Unlike the article published by the Review two days ago on Deng's legacy [See the story from 20 Feb.] , this one helps explain the multi-faceted issues leading to Deng's rehabilitation. A noteworthy observation made by Bonavia is the re-emergence of regionalism, as expressed in matters concerning military and economic planning, and its effects on both central-provincial relations and political cohesion of the nation.
(Note: the Far Eastern Economic Review on-line service is free, but requires that users register with them and login, and therefore first-time users should first introduce themselves on the FEER registration page.)Hong Kong: like the Taiwan markets, the Hong Kong Hang Seng Index dipped on news of Deng's death and then jumped back up. Markets in Shanghai and Shenzhen are understandably more volatile at this time and have reacted more strongly, falling by 7 to 10 percent.