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Article: SOUTHERN CHINA ROCKETS INTO CAPITALISM.(Perspective)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 22, 1991
CopyrightCOPYRIGHT 1991 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Pomfret
A free-market Frankenstein in China's back yard is creating a formula to change the world's last communist giant.
With Guangdong province in the lead, southern China is rocketing headlong into capitalism, presenting Beijing's aging leadership with what could be its final challenge.
"They've created the beginning of their own end," said American businessmen John Kamm, who has worked for 19 years in the province. "Old-style communism - and the ideological baggage that went with it - is nearly dead in Guangdong."
The collapse of the Soviet empire has obviously worried China's hard-line leaders. After all, the Soviet ...