Southern cooking: coast's hot economies find centre distasteful

Article Abstract:

The Fujian province in China is experiencing an economic boom but much of its success is in illegal economic activities. A strong network of clan loyalties undermines the control of the central Chinese government while many locals feel the regulations only limit their ability to succeed. A Xiamen University professor believes encouraging inter-provincial investment is the only way to prevent semi-autonomous regions such as Fujian from declaring independence. Adopting a common market and free trade approach is necessary to sustain economic growth and political stability.

Social aspects, Political aspects, Economic development, Black market

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Business as usual

Article Abstract:

China's 1992 capital budget plans reflect the communist government's reluctance to deal with economic reforms that reformists, such as Deng Xiaoping, ask for. Premier Li Peng reaffirms his commitment to reforms while at the same time reasserting the 6% Gross National Product target which is opposed to Deng's pronouncements of a 10% growth. The government allocated for increases in defence spending, enterprise development and administrative budget, while also providing for public-company losses and tax exemptions.

Finance, taxation, & monetary policy, Planning, Capital budgets

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Regroup to reform: leaders meet for pre-congress compromise

Article Abstract:

Chinese Premier Deng Xiaoping seems to have successfully initiated economic reform amidst a centralized political system. The compromise between a market economy and political autocracy is working well with the Chinese as evidenced by the amount of money that consumers lavish on leisure other aspects of a capitalist economy. Deng is expected to solidify his hold o the country's economic future with the neutralization of political hardliners.

Deng Xiaoping

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