Word: fenghuang
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Dates: during 1990-1999
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Chinese capitalism was born in the rural farmlands when Deng permitted the provinces to dismantle their communes and collective farms. Peasants raced to divide up plots of land for private tilling, harvesting record crops and selling them in private markets. In no time, residents of tiny villages like Fenghuang in central Sichuan province had wrought a green revolution. By 1984 the village was producing more than $1 million worth of rice and a range of side products, including a famous brand of rice wine. The once impoverished residents were now earning close to $200 a year, enough to begin replacing...
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