|
|
Article: Yankee gone home. (China; also includes a related article on Hongkong)
- Article from:
- The Economist (US)
- Article date:
- June 24, 1989
CopyrightCOPYRIGHT 1989 Economist Newspaper Ltd. 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)
|
Investment in China
Yankee gone home
"WHAT is important", says China's senior leader, Mr Deng Xiaoping, "is that we should never change China into a closed country." What is uncertain is whether the rest of the world is listening. Since Mr Deng's soldiers slaughtered unarmed students in Beijing's Tiananmen Square on June 4th, foreign businessmen have shunned China. After fuelling a decade of 10%-a-year economic growth, Mr Deng's "open door" economic policy suddenly seems irrelevant.
In the past three weeks several thousand expatriate businessmen--Americans, Australians, Japanese, Britons and others--have obeyed their embassies' advice to ...