How Is the Chinese Economy Being Restructured?
The best way to understand a country is by visiting it. Because we cannot all go to China, perhaps the next best thing is hear what someone who grew up there has to say about it. A former student wrote a brief essay describing what it was like, and it is reproduced here. His grammar is not perfect, but his story gives us an insight into what China was like not too long ago. (Note: One dollar equaled about 8.3 Chinese Yuan Renmimbi at the time this was written). A Chinese Story Regarding to the case study about China for your book’s web site, I would like to write something about myself, how China’s economic reform and opening to the outside affect a person’s life. I graduated from college in 1985. At that time, China had just begun reforming its economy and set up the Special Economic Zones(SEZ). Individuals were allowed to won small business, like small grocery stores or restaurants. The “small” means that you and your family members could work in the business, but you were not allowe
