The New Stakes In U.S. China Relations

The man who brought global capitalism to China is dead. Deng Xiaoping left behind a society marked by rising living standards, social inequality, and growing nationalism. Deng's hand-picked successor, Jiang Zemin, reigns rather than rules within a collective leadership that includes military and political hard-liners as well as economic reformers. They hope to use China's booming economy to project power on the international scene while maintaining their post-communist authority at home. Therein lies the quandary for U.S. policy.

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