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Article: Bottom Line: China - 'Hu's our Gorbachev?'.
- Article from:
- United Press International
- Article date:
- February 8, 2003
CopyrightCOPYRIGHT 2003 United Press International. 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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WASHINGTON, Feb 07, 2003 (United Press International via COMTEX)
When the largest dictatorship in the world reverses course even on a trivial matter, it is worth taking notice. When it reverses course on an issue that goes to the core of the regime, the shift could be seismic. Such a tectonic adjustment may be taking place deep in the ground of mainland China, meaning it is time for investors to adjust their thinking, and move their feet.
On Jan. 13, following the close of trading on the Shanghai stock market, a short item appeared on the front page of the Financial Times of London, headlined "China to launch program of 'Western' reforms." Like so many ...