Premier Zhu Rongji vows to avoid devaluation. Housing reform slows dramatically. Consumer confidence wanes. Zhu backs away from aggressive reform of state companies. Investment Corp. Deflation accelerates.
Authorities crack down on political dissidents, sentencing four activists to long prison terms.
Bank woes worsen. Investors question published growth figures. Factory glut continues to swell. More investment trusts default. The McGraw-Hill Companies Inc. All rights reserved.