100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

November 08, 1979 - Image 10

Resource type:
Text
Publication:
The Michigan Daily, 1979-11-08

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page 10-Thursday, November 8, 1979-The Michigan Daily

China safe for investments

By GREG GALLOPOULOS
Foreign investors who want to take
part in China's program of economic
modernization do not need to worry
about the security of their investments,
according to Xu-Dixin (Chew DEE-
Shing), one of China's leading
economists.
"We shall protect the interests of our
foreign friends who make investments
in our country," Xu pledged in a speech.
yesterday afternoon before more than
100 persons at Lane Hall. Xu did not
specify how China would safeguard
foreign investments.
.XU EMPHASIZED the importance of
foreign technology and capital to
China's modernization program, but
added that they must not become a
separate part of the Chinese economy,
but rather should be "integrated into
the entire system." As part of this in-
tegration, China seeks not only to im-
port equipment, but "foreign
managerial skills" as well.
Xu sees the "relatively low level of
science and technology" in China as the
result of "sabatoge" by the Gang of
Four. Under the Gang of Four, Xu said,
China ignored economic reality and
relied solely on "administrative con-
trols" to regulate the national

economy-with disasterous results.
For instance, Xu said, the Gang of
Four ordained that workers would
receive the same wage regardless of
performance. As a result, "no one
worked." Also, universities and resear-
ch institutions were shut down, and
"their personnel sent to the country to
do labor work." Because of this China
now has "a serious problem in terms of
a talent-gap."
IN ADDITION, Xu said, standard
business practices such as cost accoun-
ting were discarded, and basic
economic principles such as the law of
supply and demand were ignored.
Now that the Gang of Four is out of
power, however, Xu said he is confident
that China will close the economic gap
between itself and the western in-
dustrial nations.
Economic modernization is "in
agreement with Marxism and our prac-
tical needs, and has the hearty support
of the Chinese people," Xu said.
Xu spoke at the University as part of
a Sino-U.S. agreement that provides for
the exchange of scholars on a regular
basis.
Xu spoke in Chinese, but his remarks
were simultaneously translated.

AP Photo
XU-DIXIN, one of China's leading economists, pledges protection of foreign
investors in a speech yesterday at Lane Hall.

Greensboro shootings prompt

V)p

ON it

anti-KKK demonstrati(

hi-fl at its BEl

TM@O

WDPIONEER~

(Continued from Page 1).
demonstrators, who returned KKK
shots at last Saturday's rally, be drop-
ped.
"It is clear that no organization of
any kind can defend itself against a
repeat of this reactionary terror
without the right to armed self-defense,"
Rhinesmith exclaimed. "Gun control
laws leave racist murderers unhin-
dered while citizens are deprived of the
the Maldive Islands are a group of 19,
atolls containing 1,087 islands, 203 of
hich are inhabited.
UNISEX
Long and Short Haircuts
by Professionals at
Dascola Stylists
Liberty off State--668-9329
East U. at South U.-862-0354
Arborland--97-9.975
Maple VIIage-71-2733

democratic right to bear arms, leaving
them helpless against the cops and
racist terror."
One graduate student in the Univer-
sity's School of Social Work, who asked
to remain unidentified, commented, "I
am against the KKK, but promoting the
use of weapons and violence to fight the
KKK turns me off."
ANOTHER BYSTANDER said, "The
demonstrators want to abolish the
freedom of speech and assembly rights
of the KKK, if they wish to succeed in
doing this through the legal means,
they may be sealing their own coffin."
Rhinesmith also stated, "the Green-
sboro police were apparently complicit
in the Klan's attack." She said, "The
police followed the KKK car right to
the demonstration site, but were con-
spicuously absent -when they opened
fire." Moments after the assault, she
said, "The police appeared and
proceeded to arrest the victims of the
attack."
Matt Prince, a member of United
Auto Workers (UAW) Local 600, em-

=I

GO PIONEEIT

Pioneer
FM/AM/FM
Stereo
Receiver Model
SX450 delivers 15 watts per channel, min.
RMS at 8 ohms from 20-20,000 Hz with no'
more than 0.5% THD. Features FM muting,
PLL multiplex circuitry, tuning meter, tape
monitor, loudness control, headphone jack,
and 2-stage equc '-er.
932884EUXT39K&. 1997 ....... $175.00t

Pioneer-
45-Watt
FM/AM/FM
Stereo Re-
ceiver Model SX780 has DC power of 45W/
channel, min. RMS at 8 ohms from 20-
20,000 Hz, no more than 0.05% THD. FM
s/N ratio: 80 dB (mono), 72 dB (stereo).
959022EUX22947 20997 ........ $375.00

I /J

T

w er

'1 I 1NEEER

/PIO SEE I

Pioneer-
Fully Auto-
matic Direct- '
Drive Turn-
table Model PL560 has quartz PLL DC
motor. Single play. Wow/flutter: 0.025%
(WRMS), S/N ratio: 73 dB (Din B). Comes
with dust cover.
958867EUX229"4 19947 ........ $329.00

7
49,
Pioneer s, --
3-Way Speaker
System Model
PROJECT 10A has 10" woofer, 2" soft
dome mid-range, 2" cone tweeter, and up
to,60 W RMS/channel capability. Vinyl/
wood cabinet.
942804EUX6%3 4997 ..... Each $124.951t

Pioneer
Front-
Load DolbyTM
Cassette Deck
Model CTF65Ofeatures Fluroscan meter-
ing, DC servo motor, metal tape capability,
and automatic music search: S/N ratio: 69
dB (DolbyT), wow/flutter: 0.05% (WRMS).
920304EUX22742.19886 ........ $295.00
specia
a ~
Sound GuardM
Deluxe Total Record Care
System Kit Model 83600 includes record
preservative and cleaner, pads, sponges.
942073EGD1247 997............ $16.99
79
Be sure to see these and
many other exciting values in
the Best November Sales Cat-
alog, a sampling of the hun-
b .d cs-dreds of big brand-name
items featured in the 1980
code.Big Best Book.

symposium
On
Transnational Corporate'
Concentration:
National and International Regulation
U-M Law School, Hutchins Hall
Friday, Nov. 9, 10 A.M. & 2:30 P.M.
Saturday, Nov. 10, 10 A.M. '
Open to the public. All University faculty and students encour-
aged to attend.
No Charge
a3e c wu'kw 06 gAk tcin9g
n ge 0 oad 0C mpu uve e e9
* Friday, Nov. 9-10:00 am to 5:00 pm *
On Friday, Nov. 9 from 10:00 am to 5:00 pm, a Seiko
representative will be in our store for a special
showing of the latest in design and technology with
over 500 watches on display. Come in and enter our
drawing and win a $200 Seiko of your choice.
* Nov. 9-Special one day Seileo showing
* Nov. 9-16 Register for drawing of $200 Seiko
19Ito.ie h s-43ss

)n on Diag
phasized the importance of mobilizing
labor and black action across America
"to smash the Klan and Nazis," who
are anti-union and anti-black.
"AT THIS TIME we're trying to con-
vince the UAW bureaucracy to call a
mass UAW demonstration to counter
tomorrow's anticipated KKK march in
downtown Detroit," Prince said.
"If the emon calls for the demon
stration, we could get a showing of 7000
people," Prince added.
Prince, who works at the Ford Motor
Co.'s River Rouge plant said two
supervisors at that plant walked up and
down the assembling line wearing KKK
hoods on Sept. 27. As a result, six
workers walked off the job and sub-
sequently were threatened ,by Ford-
with disciplinary action if they did not
return to work.
"The UAW got a petition of 1000
signatures that demanded Ford fire the
two racist foremen and drop the threats
of reprisal against the workers who had
protested," Prince said. "Once the news
went public, Ford management tran-
sferred the two foremen and took no
disciplinary action against the six
workers." This is an example of
organized labor's power to defeat the
Klan, Prince concluded.
RHINESMITH POINTED out that no
representatives from the Young
Socialist Alliance (YSA) or the
Revolutionary Communist Youth
Brigade (RCYB) participated in the
demonstration.
"Numerous groups can and must
unite against the KKK, Nazis, and
other fascist, terrorist groups,"
Rhinesmith said.,"The sectarian policy
of these two groups is a roadblock in the
fight against fascist violence," she ad-
ded.
Another member of the Spartacus
Youth League said, "The YSA and the
RCYB are political cowards because
they are unable to defend their political
record." The Socialists Workers Party,
which is affiliated with the YSA, defends
the democratic right of fascists to
organize even though they use such
rights to only one end; reactionary
murderous terror, she said.
"WE DO NOT support the KKK or
any other fascist group," said an
unidentified RCYB member, who was
standing on the outskirts of the demon-
stration with other members of RCYB,
"We believe you can't build a mass
movement against fascism without get
ting at the source of these groups-the
capitalist system, which thrives o.
divisions between people."a,
Other participants in the rally in-
cluded members of UAW Local 600,'
Teamsters Union Local 299, the Black
Student Union, Youths Against War and
Fascism, the Revolutionary Worker
Group, and other students. The demon-
stration was not formally supported by
the unions.

41

v

Best specials expire: Nov. 21,19
HOW TO FIND YOUR CODED COST
EXAMPLE
*Reference retails 620157BL9883 .. . $15995
are a guide to ** ATALOG YOUR COST REFERENCE
the range of NO. j( $98.83 RETAILT
full retail selling - _
prices at department stares and other non-discount sellers 1 1
throughout the markets we serve. Further information on refer-
once retails and comparative pricing can be found at any Best -
Products showroom or in our catalog.
IN ORDER TO ASSURE THE FAIR DISTRIBUTION OF MERCHAN-
DISE, WE RESERVE THE RIGHT TO LIMIT QUANTITY PURCHASES
PER CUSTOMER.

JUNIOR YEAR AT SMITH
Northampton, Mas husetts
A private liberal arts college for women
Where you can find
- a small undergraduate college with the diversity of a large university
-courses and resources of exceptional range and quality, all accessible
to InrJtratTr- iI tZIC

Back to Top

© 2021 Regents of the University of Michigan