Industry News
From The Cargo Letter


Air & Ocean Freight Forwarder - Customs Broker News
25 February1997

Good Tuesday Morning from our Observation Deck...... overlooking the officially designated "Cargo City" area and....... Runway 25-Right at Los Angeles International Airport. Sorry for the delay in bringing you a next The Cargo Letter, but we have been engaged in 4 non-stop trials, including a Warsaw Convention air trial at Portland, Oregon, and a U.S. District Court Admiralty trial at L.A. Fortunately, the Air Forwarder and the NVOCC prevailed.

Contribute your knowledge & e-mail to The Cargo Letter.

-- Michael S. McDaniel, Editor

INDEX to The Cargo Letter:

  1. OUR Top Story
    OUR "A" Section: FF World Trade, Financial & Inland News
  3. Freight Forwarder Trade Briefs
    OUR "B" Section: FF World Air News
  4. FF World Air Briefs
    OUR "C" Section: FF World Ocean News
  5. FF World Ocean Briefs
    OUR "D" Section: FF in Cyberspace
  6. The Cargo Letter "Cyber Ports Of Call"


OUR Top Story


-- by Warren S. Levine, for The Cargo Letter

February 25 -- With only 129 days left until the turnover of Hong Kong to Mainland control, Deng Xiaoping, the diminutive former leader of The People's Republic of China, died Wednesday in a military hospital in Beijing. He was 92 years old. (By the Chinese method of expressing age, he was officially 93.)

His funeral and cremation will be held on Tuesday, with 10,000 Communist Party officials scheduled to attend. A three-minute period of silence will be observed across China, in keeping with a similar tribute to Mao Zedong upon his death in 1976. However, unlike the complete standstill which enveloped China upon Mao's death, business is expected to go on virtually uninterrupted.

No foreigners will be permitted at the ceremonies, as Deng had officially resigned his posts and was technically "a private citizen" when he died. U.S. Secretary of State Madeline Albright is scheduled to meet with Chinese President Jiang Zemin on Monday, but will cut her planned trip short, in order to leave before the funeral ceremonies begin.

China is attempting to control all reportage of the day's official activities in order to avoid the publicizing of any spontaneous demonstrations or other unrest which might occur.

President Clinton referred to Deng as "an extraordinary figure on the world stage and the driving force behind China's decision to normalize relations with the United States."

However, as the CBS Evening News signed off on Wednesday night, commentator Mike Wallace, the only western journalist to interview Deng, remarked that "Deng Xiaoping died with blood on his hands," a reference to the June 4, 1989, massacre of pro-democracy demonstrators in Tiananmen Square.

One of Deng's wishes was to be healthy enough to visit a "reunified Hong Kong" before he died. But in the colony, reaction to his death ranged from people visiting the offices of the Xinhua News Agency and bowing three times to a black-framed portrait of Deng to the displaying of a banner saying, "Grief-stricken mourning for the butcher of democracy."

The socially enigmatic leader did not, however, get such mixed reviews for his economic policies. He was the architect of China's economic revitalization. Some of his greater quotes included, "Poverty is not socialism," and "To get rich is glorious."

Under the economic changes which he initiated, China's foreign reserve has increased tenfold recently and its people have effectively created for themselves a growing middle class. In almost all major Chinese cities, there are healthy and growing free markets, full of affordable and reliable consumer goods. Deng's leadership changed the meaning of "Made in China."

Now, however, although the future of China is not seriously in doubt, the leadership may well be. President Jiang Zemin, Deng's hand-picked successor, will have to deal with sure opposition from Premier Li Peng, who is often called "The Butcher of Beijing" for his part in the events of 1989.

Although Li issued a statement that China's leadership would continue "with Jiang Zemin at the core," one Chinese analyst said that the immediate future "(will) be like a duck swimming -- on the surface it'll be calm, but underneath it will be turbulent."


OUR "A" Section: FF World Trade, Financial & Inland News

2. Freight Forwarder Trade Briefs


OUR "B" Section: FF World Air News

3. FF World Air Briefs


OUR "C" Section: FF World Ocean News

4. FF World Ocean Briefs


OUR "D" Section: FF in Cyberspace

5. The Cargo Letter "Cyber Ports Of Call"