China Stays on Path of Reform, Opening-up

From CRI English, via Xinhua:

Ten years ago when Zhang Wenrong learnt of the of Deng Xiaoping, he broke down in tears, just like thousands of farmers who had ploughed their life savings into growing businesses in China’s flourishing financial hub of Shanghai.

“Everyone in my cried. We benefited most from Deng’s reform and opening-up ,” recalled Zhang, who moved to Shanghai from a village in Wenzhou City, east China’s Province, to try his luck after failing the in 1986.

“Things became uncertain and I was not sure whether I could continue my business after losing the chief architect of China’s reform,” he said.

Zhang, now board chairman of Shanghai Yalong Co. Ltd., owns a with thousands of employees and 4 billion yuan (526.3 million U.S. dollars) in assets, and attributes his success to the central government’s adherence to Deng’s policies.

China has witnessed its most rapid development in the last ten years as a result of creatively carrying forward Deng’s legacy, analysts say. [Full text]

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.