Deng Xiaoping delivered his southern tour speeches, emphasizing that development is of overriding importance, while reiterating the need to consistently uphold the Four Cardinal Principles and oppose bourgeois liberalization.
Bypassing the CCP Central Committee and under the tight protection of the military, Deng Xiaoping quietly boarded a special train to leave Beijing and head south, initiating the southern tour often referred to as a military coup.
After the collapse of the Soviet Union in 1991, Yeltsin implemented shock therapy in 1992 to liberalize prices; according to the video, inflation that year was about 2500%, residents' savings shrank dramatically, and the poverty rate rose sharply.
In early 1992, Deng Xiaoping promoted and proposed the development of a socialist market economy, and the relevant line was confirmed during the 14th National Congress of the CCP.
The video claims that after Japan's bubble burst, in 1992 Tokyo residential land prices fell 19% and commercial land prices fell 13%; no public reports could be found for these specific figures.
Russia implemented a privatization voucher program, issuing vouchers to citizens while the government simultaneously liberalized all prices, leading to hyperinflation. Ordinary citizens were forced to sell their vouchers at a discount, while factory managers and others seized the opportunity to sweep up control of enterprises.
At the CCP's 14th National Congress in 1992, Deng Xiaoping named Hu Jintao to enter the Politburo directly and serve as Secretary of the Secretariat of the CCP Central Committee, and also to join the Standing Committee; 49-year-old Hu Jintao was publicly established as the successor to the General Secretary.
When the Soviet Union collapsed in 1991, the program said that nearly 20 million members of the Communist Party of the Soviet Union did not organize to take to the streets to defend the Soviet Communist regime.
The dissolution of the Soviet Union in December 1991 is generally regarded as marking the end of the Cold War.
Yeltsin took control of Russia to halt tax remittances to the center and seized central financial institutions, causing the Soviet central fiscal deficit to skyrocket. On December 25, Gorbachev handed over the nuclear briefcase, and the Soviet Union officially dissolved.
The once arrogant Soviet Union declared its dissolution two years after the upheavals in Eastern Europe. In the course of its transition, the lack of mature institutions allowed state-owned wealth to fall into the hands of a few oligarchs.
In November 1991, the team at the Shanghai Institute of Hematology published important research findings in Blood, an international top-tier hematology journal, on acute promyelocytic leukemia (APL) retinoic acid receptor (RARA) rearrangement and molecular markers. Chen Saijuan was the first author, Zhu Yuejun the second author, and Wang Zhenyi, Chen Zhu and others were co-authors.
Hardliners in the Communist Party of the Soviet Union formed a State Emergency Committee to launch a coup; the KGB's elite Alpha Group refused orders to remove Yeltsin, and the coup collapsed within 3 days.
After the collapse of the Soviet Union in 1991, oil and grain trade with North Korea was abruptly cut off. China at one point became North Korea's largest aid donor, and North Korea's economy and people's livelihood subsequently deteriorated severely.
The restructuring of state-owned enterprises led by Zhu Rongji officially recorded 28 million workers laid off in just six years; in total, about 60 million jobs disappeared from the state sector, including public sector positions. The northeast region was hit hardest, with its share of GDP falling from about 10% to 4.6%.
In the 1990s, Japan's real estate and stock market bubble burst. According to Nomura Research Institute estimates, roughly $9.3 trillion in national wealth evaporated between 1990 and 2002, and the unemployment rate rose gradually after 1992.