Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：1  发布时间：2026-05-11

In the first issue of Time magazine in 1986, Deng Xiaoping once again became the cover figure, and he was named the "Person of the Year" for the second time after 1978. In October of the previous year, Time magazine sent an interview team to China for five days, including a more than hour long interview with Deng Xiaoping himself. It was titled "China's Second Revolution" and used almost half of the magazine's extensive space to conduct a comprehensive scan of developing China.

George Church, a senior writer for the weekly magazine, wrote: "Foreigners who revisit China only a few years ago can hardly believe they are visiting the same country, with a rich and colorful free market for food, clean houses built like mushrooms in the countryside, and vibrant rural industries. These are things they and their hosts have never seen before." In this report, Deng Xiaoping was identified as "a thorough pragmatist who never paid much attention to names. His most famous quote is a simple metaphor: whether it's a white cat or a black cat, catching a mouse is a good cat. The weekly acknowledges that China has solved the food problem, and farmers have been liberated through the contracting system. Through the establishment of special zones and preferential policies, more and more foreign-funded companies are continuously entering China. Urban reform and state-owned enterprise reform have been put on the agenda.