The China Deal: The Imperial Dragon

China's Jiang Zemin has dreams of becoming as immortal as Mao. World trade is a first step

To be president of China's 1.3 billion people is already a management proposition from hell. But to become Emperor of China requires a mystical aura of power that can move mountains, change the weather and, these days at least, deal with pesky foreigners who want into your telecommunications market.

Last week President Jiang Zemin made a grab for imperial status by inking a World Trade Organization deal with the U.S. that will open China to free international trade for the first time in history. Along the way, 73-year-old Jiang had to move mountains of conservative opposition at home, change the atmospherics...

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