Arrest could spell trouble for China's elite families
Article Abstract:
Observers who were already surprised by the retirement of close Deng Xiaoping associate Zhou Guanwu from Capital Iron and Steel Corp. were shocked even further when authorities arrested his son Zhou Beifang for alleged economic crimes. Many believe that the fate of the Zhou family is an indication that other politically-connected families who have grown immensely rich over the years would soon be facing similar charges. However, others contend that the arrest is not a genuine effort at reform but is actually part of an ongoing power struggle in Beijing.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Succession struggle simmers amid indications that Deng is closer to death than many thought
Article Abstract:
Analysts believe that a fierce power struggle among Chinese leaders is looming as the health of 90-year-old Deng Xiaoping continues to deteriorate. Sources in Beijing disclosed that Deng has fallen into a deep coma and is not expected to last long because of the seriousness of his condition. Communist Party Gen. Sec. Jiang Zemin, Deng's own choice for his successor, is the most likely candidate for China's top post but many believe he will be unable to concentrate power in himself as his predecessor did.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Fall of Beijing party chief could signal beginning of an all-out power struggle
Article Abstract:
Speculations on the continued deterioration of Deng Xiaoping's condition appear to have given rise to a power struggle among those likely to succeed him. Pres. Jiang Xemin's crackdown on corrupt officials is expected to win him enemies, but is also seen as enhancing his credibility among the masses. His tough stance against graft and corruption is seen as part of an apparent drive to boost his stock, after Deng himself named him as his personal choice as successor.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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