 |
 |
 |
 |
 |
 |
|---|
Rebirth
The Tiananmen debacle resulted in a brief spell of conservatism, but within a few years, Deng Xiaoping choreographed the rebirth of reform and openness with his historic “southern tour.” With Deng’s assurance that “to get rich is glorious,” entrepreneurial energy exploded again, concentrated now in the coastal cities. The leadership, guided by economic czar Zhu Rongji, enacted a far-reaching structural transformation of the economic sphere, anchored in privatization of state-owned enterprises. Ironically, China’s lack of full reform—especially in the financial sector and monetary policy—protected the Chinese economy from the vicissitudes of hot money and capital flight that ravaged its neighbors during the East Asian financial crisis. |
||
People Were Not Ashamed to Be BusinesspeoplePeriod: Rebirth (1990s)
|
Click to expand In 1992, when Deng Xiaoping spoke in Shenzhen. Move fast, develop the nation, and I was in the university that day. I was teaching at the university, because I promised my school president that I would stay there and teach for five years. A lot of people just changed jobs immediately when they signed on for the job, but I was assigned to teach at the university, and I promised my president, five years, I'm not going to change my job. In 1992, I was just in the third year. I was like, "Oh my god, if I did not promise, I would probably get another job." My pay at that time was 10 dollars a month, but people offered me 120 dollars a month. And I said, "No, a promise is a promise." But that was the period when I said, "When I finish my five year promise, I'm going to do some real business." So, the change, to me, is that people do not feel ashamed to be business people. People think doing business is good. And people think, you can be rich, you can help other people be rich. At the beginning of my business career, I just wanted to change myself. I think everything I told my students, on the face, I learned from books. And I want to be a business person for ten years and go back to teach, share the real experience with young people. That was my thinking.
|
Cite this Source >>
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Add New Comment
comments powered by Disqus