High Quality Content by WIKIPEDIA articles! In the People's Republic of China, Deng Xiaoping formally retired after the Tiananmen Square protests of 1989, to be succeeded by former Shanghai mayor Jiang Zemin. The crackdown in 1989 led to great woes in China's reputation globally, and sanctions resulted. The situation, however, would eventually stabilize. Deng's idea of checks and balances in the political system also saw its demise with Jiang consolidating power in the party, state and military. The 1990s saw healthy economic development, but the closing of state-owned enterprises and increasing levels of corruption and unemployment, along with environmental challenges continued to plague China, as the country saw the rise to materialism, crime, and new-age spiritual-religious movements such as Falun Gong. The 1990s also saw the peaceful handover of Hong Kong and Macau to Chinese control under the formula of One Country, Two Systems. China also saw a new surge of nationalism when...

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