Word: guangzhou
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Dates: during 1990-1999
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...Guangzhou was the first city to open for business after Deng launched his economic reforms in 1979, and its vibrant populace threw itself headlong into the pursuit of cold cash. Taking advice and investment from Hong Kong, Guangzhou hustled to become China's third biggest consumer market, second most important transport hub, third best attractor of foreign investment. Today Guangzhou's tycoons worry about competition from Hong Kong, and Beijing worries about the example Guangzhou sets for China...
...unbridled boom has brought wealth, yes, but it's wildly uneven. The typical Sunday shoppers crowding middle-class Beijing Street are looking, not buying. Most of Guangzhou's workers have little disposable income. Two 18-year-old youths stand in the spiffed-up Xinhua bookstore gazing at a paperback that at 8 yuan is beyond their means. For fun, they go to the zoo because it's free...
Johnny Chan stands glumly behind the counter at his Hong Kong Optical Shop. The 1,080-yuan ($130) Ray-Bans gather dust, while the 100-yuan models are moving briskly. Nearly five years ago, Chan came back to Guangzhou from Australia because he thought fortunes were to be made here. But business has soured since 1994, he says, and his two city shops are losing money. Even worse is crime. "Guangzhou is very bad," he says. "So many bad men, pickpockets, they all steal." Ever since he was mugged and badly beaten one morning, Chan takes two bodyguards when...
...however, not only were people dying by the millions but the state was on the verge of collapse. By then President Liu decided the time had come to make a leap in another direction--and Deng collaborated with Liu's economic reforms. During a visit to Guangzhou, Deng declared, "It doesn't matter whether the cat is black or white, as long as it catches mice." It was his way of arguing that any method could be tried as long as it meant the people could eat. The words would later be used against...
...Born in Guangzhou, China in 1917, Peiimmigrated to the U.S. in 1935 and became acitizen in 1954. He received a bachelor's inarchitecture from MIT in 1940 and a master's inarchitecture from the Harvard Graduate School ofDesign...