China Tries To Calm Markets With Photo

THE first picture of paramount leader Deng Xiaoping shown in China for almost one year appeared on the front page of a Shanghai newspaper Thursday beside the headline ``Comrade Xiaoping is Healthy.''

Publication of the picture in the Liberation Daily was apparently to counter intense rumors in the past several days that China's reclusive patriarch is ill in the hospital.

The picture showed Deng sitting in a chair in Beijing's Zhongnanhai leadership compound watching a fireworks display in nearby Tiananmen Square around the Oct. 1 National Day last year.

Deng's failure to appear in public at the fireworks show sparked rumors at the time that he was either very ill or had died. Shanghai's stock market plunged as a result.

Western diplomats suggested the running of the picture was an attempt to quiet the stock market.

But Hong Kong brokers said the picture was seen by investors as a token gesture by Beijing and had failed to dispel fears.

Vietnam takes people for cash

VIETNAM has agreed to take back 40,000 of its citizens living in Germany in return for 200 million marks ($130 million) in aid, the German government said Wednesday.

About 95,000 Vietnamese live in Germany. Many are laborers sent to East Germany starting in the 1970s under contracts with the East German Communists.

Others arrived after Germany's 1990 reunification and tried in vain to get political asylum.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to China Tries To Calm Markets With Photo
Read this article in
https://www.csmonitor.com/1995/0113/13072.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us