China: Capitalism Comes to the City

Deng extends economic reform from the farm to the factory

Something was obviously afoot. China's leader, Deng Xiaoping, 80, who usually chooses to operate behind the scenes, uncharacteristically commanded center stage at National Day celebrations three weeks ago. Then, for an unprecedented nine days in a row, the low-profile leader appeared on the front page of People's Daily. In most of the articles quoting him, he pointedly asserted that his "open-door" policy on foreign trade would continue and that the capitalist system in Hong Kong would be preserved for at least 50...

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