Latest Deng Xiaoping Items
China's leaders finished a closely watched policy meeting Tuesday with a promise to give market forces a bigger role in the country's state-dominated economy but failed to produce dramatic reforms to overhaul a worn-out growth model.
Comprehensive "engagement" has been a cornerstone of U.S. policy toward China since the Nixon administration. But the bedrock of Beijing's U.S. policy is paranoia over what Chinese leaders believe is a "peaceful evolution" conspiracy designed to overthrow the communist dictatorship via the ideological and spiritual infiltration of China's society.
The Chinese version is no easier to read than the original, the loyal-minded translator assures, but James Joyce's "Finnegans Wake" has still sold out its initial run in China _ with the help of some big urban billboards.
At a time when China's economy and society are under considerable strain and the country is embroiled in increasingly tense border disputes with its neighbors, the relatively peaceful once-in-a-decade political transition in Beijing has helped deflect attention from the underlying turbulence in the Chinese system.
A new book by Ronald Coase, age 101, is an event in itself. Mr. Coase, the 1991 Nobel laureate in economics, revolutionized the field by challenging conventional wisdom regarding the nature of business firms and how so-called public goods can be provided. One of his main contributions is the concept of "transaction costs," which are the costs individuals incur in making an economic exchange.
North Korean farmers who long have been required to turn most of their crops over to the state may now be allowed to keep their surplus food to sell or barter in what could be the most significant economic change enacted by young leader Kim Jong-un since he came to power nine months ago.
North Korean farmers who have long been required to turn most of their crops over to the state now may be allowed to keep their surplus food to sell or barter in what could be the most significant economic change enacted by young leader Kim Jong-un since he came to power nine months ago.
China's military is making bold accusations that self-described "heroic" anti-American hawks are being purged and betrayed by China's CIA-controlled civilian leaders.