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Conclusion
The Beijing massacre and its implications of future political instability
have had an impact on Western willingness to invest further in the
PRC. As exemplified by the Great Leap Forward, the Cultural Revolution
and the Open Door Policy, the PRC government's economic policies
depend heavily on the leadership's political doctrines of the day.
The present political situation in the PRC is no different.
It seems that for the short to medium-term at least, some political
uncertainties will remain in the PRC despite the continuation of
the open door policy. Consequently, this makes it difficult for
both national governments and world business communities to formulate
long-term policies towards relations with the PRC, and caution seems
to be the overriding factor in most countries' relationship with
the PRC today.
Nevertheless, it remains highly unlikely that a more conservative
leadership than is already in place will arise within the PRC. The
only possibility of this occurring is if there occurs total chaos
within the country after Deng Xiaoping departs the scene, and the
PLA takes the reins of power. But, having now experienced the policies
of a conservative leadership in the PRC for over two years, it is
evident that even with a conservative leadership in power, the PRC
will not abandon its economic reforms and open door policy. The
simple reasoning behind this is that the conservatives now in power
have had every opportunity to do so, but have not. Even so, the
full saga of the Beijing massacre will not be complete until the
death of Deng Xiaoping. It is with this unstable domestic environment
in mind that the Australian government has conducted its recent
relations with the PRC, and with which it must conduct its medium-term
relations.
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