Word: rongji
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...when your banking system is overwhelmed by capitalist symptoms like cash shortages, a depreciating currency and rampant credit expansion? You blame your top banker. The designated scapegoat is Li Guixian, governor of the People's Bank of China. He will be replaced -- temporarily -- by Vice Premier Zhu Rongji, the man in charge of China's economy...
...RANKING Chinese official yet to speak out against Governor Chris Patten's democratic reforms finally sent Hong Kong's key barometer of confidence, the heretofore spook-proof stock market, plummeting nearly 8%. From London, where Patten coincidentally got a ringing endorsement from his friend Prime Minister John Major, Zhu Rongji, the otherwise reform-minded Vice Premier and likely successor to hard-line Premier Li Peng, said the plans violate the bedrock 1984 Sino-British Joint Declaration preserving Hong Kong's capitalist ways after the 1997 hand over. He added darkly, "People ask whether we have to stick to the Joint...