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CCTV Script 09/04/13


This is the script of CNBC's news report for China's CCTV on April 9, Tuesday.

Welcome to the CNBC Business Daily.

Former British Prime Minister Margaret Thatcher has died at the age of 87 following a stroke. NBC's Martin Fletcher looks back at the Iron Lady's legacy.

[Sound on tape by NBC's Martin Fletcher: She was known as an Iron Lady - both loved and loathed - and leaves a legacy that was beyond dispute.

Margaret Thatcher was one of Britain's most influential politicians of the 20th century. The daughter of a grocer and a dressmaker she was taught never to follow the crowd - and she didn't. She married, gave birth to twins, then blazed her own trail in British politics.

Elected at 34, her no-nonsense style and fierce ambition quickly led her up the ladder of Britain's conservative party. By age 50, she was leader.

"The Iron Lady of the western world."

Just four years later, she swept to victory as the country's first woman prime minister. Her will power, like her ever present handbag and up swept hairdo became legendary.

"You turn if you want to. The Lady's not for turning"

Consensus and compromise, they said, were not in her vocabulary. She defied military experts and won a bloody war with Argentina over the Falkland Islands. She took on Britain's powerful labor unions, passing laws restricting their rights. She ignored IRA hunger strikes, vowing never to let Northern Ireland slip from British rule.

In 1984, when an IRA bomb killed four people in the hotel where Thatcher and her party were meeting, she was undaunted, delivering a speech just hours later.

"All attempts to destroy democracy by terrorism will fail."

Thatcher transformed Britain's economy, selling off once sacrosanct state-owned industries to the private sector. Her policy - privatization - went on to be imitated by the governments around the world.

Among her admirers, Ronald Reagan, who shared her politics, and valued her advice. They formed a potent partnership, pressuring Mikhail Gorbachev to dismantle the Soviet system, and pursue Paris Troika. By 1990, after three terms in office, it was her fellow conservative party members who forced her out of office, unhappy with a number of her policies. She lost power but not influence.

A workaholic, she wrote books, gave lectures, and kept campaigning for her party. After a series of small strokes, doctors advised Thatcher to retire from public life. But she never really did.

In 2004, she honored a promise to Ronald Reagan, and delivered a eulogy on tape at his funeral.

"We have lost a great president, a great American, and a great man. And I have lost a dear friend."

2011 movie The Iron Lady showed Thatcher's decline into dementia. The highly respected Grand Dame of British politics struggling with the passage of time.

Determined, dynamic and deeply controversial, Thatcher leaves an indelible mark on the world's political landscape. Martin Fletcher, NBC News, London.]

Have a listen to what some our guests had to say about the late Prime Minister.

[Sound on tape by Richard Harris, Chief Executive, Port Shelter Investment Management : It's the passing of an icon really. She was a leader, one very, very few of them who changed things, who changed society, and in many ways as we see today, she changed society for the better.]

[Sound on tape by Emily Lau, Hong Kong Legislator And Chairwoman Of The Democratic Party: As a politician, I think she's very attractive from some voters' point of view, because she is very, very loud and clear, as some would say, even though she's clearly wrong - she's wrong clearly.]

And world leaders across the globe paid tribute to the British icon.

Have a listen.

[Sound on tape by David Cameron, British Prime Minister: The real thing about Margaret Thatcher is that she didn't just lead our country, she saved our country.]

[Sound on tape by Helmut Kohl, Former German Chancellor: She was, by her origin, one of the most exceptionally gifted (British) Prime Ministers there ever was. In many situations and in confrontations with economy, she stood her ground]

[Sound on tape by Colin Powell, Former US Secretary Of State:She forced change, historic change that improved the economy and improved the country. It was not without criticism, people still criticize her to this day, but she made significant changes of a kind you seldom see from any single leader.]

Li Sixuan, from CNBC's Asia headquarters.