This censor-driven climate of business uncertainty has taken shape amid a broader political crackdown that has witnessed a significant tightening on all expression. Under Xi’s crusade against corruption, Beijing has assumed the power not simply to censor political speech but to destroy companies and industries that fail to conform to ill-defined core socialist values that are offended even by April Fools’ Day . This may help Xi achieve political stability. But if the party wants to hit its own economic objectives, it is going to have to loosen up.
Modi’s move plummeted business transactions, interrupted salary payments, and caused infamously long waiting lines at banks nationwide as people went to withdraw cash. One man even died Tuesday while waiting in line at a bank.
The private sector's share of the GDP rose from less than 1% in 1978 to 70% by 2005, [ citation needed ] a figure that is still increasing. Due to the poor performance of traditional state enterprises in the market economy, China embarked on a massive restructuring program of corporatization . [ dead link ] Under this scheme, the state retains ownership and control of large enterprises but the central government has little direct control over the operations of state-owned enterprises.  Recently the Hu-Wen Administration rolled back many of Deng's reforms, leaving observers dubbing 2008 the "third anniversary of the end of reform. 
Caught off guard, stock markets opened lower on Tuesday and dropped even more Wednesday, with the Dow Jones Industrial Average dropping 277 points before heading back to its original standing. On Thursday, likely in response to China’s government saying they will not allow a free fall of the yuan, the market steadied. And since Friday, with the stabilization of the yuan, it appears that markets have gotten off the roller coaster ride — for now at least — and are returning their attention to other matters.
Blogger Amit Varma brings a particular libertarian point of view to his columns and blog items, but also a risqué sense of humor that keeps readers hooked. He won the 2007 Bastiat Prize for his columns in Indian business paper Mint, and for a select group of Indians, he represents a libertarian, anti-tax and anti-government sensibility that is still quite rare in the country .
In 2004, parts of Sumatra and South Asia were severely damaged by an earthquake and the subsequent tsunami . The tsunami wreaked havoc, causing massive damage in the infrastructure of the hit areas, particularly Indonesia, and displaced millions. For a short time, GDP contracted among nations such as Indonesia and Sri Lanka , despite massive inflow of foreign aid in the aftermath of the disaster.