The Taiwan Strait Crisis
During the 1996 Taiwan Strait crisis, cross-strait relations and U.S.-China relations faced heightened tensions.
During the 1996 Taiwan Strait crisis, cross-strait relations and U.S.-China relations faced heightened tensions.
Teresa Teng passed away on the way to the hospital in Chiang Mai, Thailand, due to an asthma attack, at the age of 42. Her family refused an autopsy.
With the suicide of Beijing Vice Mayor Wang Baosen and Chen Xitong's resignation taking responsibility, he was subsequently removed from office and sentenced to 16 years in prison for embezzlement and dereliction of duty.
On April 5, 1995, Jin Xing underwent gender reassignment surgery at Beijing Xiangshan Hospital, becoming the first person in mainland China whose transgender identity was officially recognized.
Illegal short selling and a bull-bear battle broke out in the treasury bond futures market; Wanguo Securities was hit and forced into liquidation; the exchange subsequently declared the last eight minutes of trading void, and treasury bond futures were shut down that May.
Starting in 1995, Jiang Zemin and Zhu Rongji proposed the "grasping the large and letting go of the small" reform for state-owned enterprises, requiring them to gradually withdraw from non-critical industries.
Russia implemented a loans-for-shares scheme, where oligarch banks used funds lent to the government as collateral to acquire controlling stakes in core enterprises such as oil and metallurgy through auctions.
Li Jiating's mistress Xu Fuying ran the "Haiwang" on Yangzong Lake in Yunnan, and the cruise boat became a platform for officials, tobacco merchants and real estate developers to exchange resources; Li Wei worked as an assistant on the boat at the time.
In 1995, the Law on the People's Bank of China and the Commercial Bank Law were passed, marking the initial establishment of China's modern financial framework.
Yang Lan ended her first marriage and married Wu Zheng in 1995, after which the two began conducting business and media activities in both China and the United States.
The Chinese government intervened in the reincarnation process of the Panchen Lama. The Panchen Lama designated by the Dalai Lama was taken away by the Chinese side, after which China selected and promoted a Panchen Lama of its own.
From 1995 to 1996, China carried out missile tests and military exercises to intimidate Taiwan ahead of its 1996 presidential election.
From 1995 to 1999, China built facilities on Mischief Reef, which is claimed by the Philippines.