Word: money
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Dates: during 1980-1989
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...money to go to college, 66.5 percent of the students said it was coming from parents and family members, 13.5 percent said they relied on scholarships, 11.5 percent said they earned the money and 8.5 percent had loans...
Individuals are not the only ones eager to earn extra money. Under Deng's reforms, most state-run businesses and government agencies are expected to turn a profit. An aircraft factory in Xi'an runs a marriage-introduction center that does a booming business serving the needs of hundreds of well- educated women who by their late 20s are desperate for husbands because men with less schooling are reluctant to marry them. In Chengdu the Xinhua bookstore owns a flower shop, a hair salon and a clothing boutique whose manager gets his goods from "a guy in Shanghai...
...tensions generated by the scramble for money are never far from the surface. Orthodox executives of China's state-run enterprises are very much like the Soviet Union's permanent bureaucracy, the nomenklatura. They have coasted for years under the old system, and they dislike Deng's perestroika because it asks them to compete like capitalists, and capitalism has losers. "Keeping their jobs is their No. 1 priority," says Sinclair Choy, a marine engineer from Hong Kong, who in partnership with a coastal town on the mainland runs a fishing boat-repair business. "Order, stability, calm," says Choy. "That...
...speaking on the ferry from Hong Kong to the mainland, where he hopes finally to convince his Chinese partners that the incentive system should be introduced at their business. "Everyone is paid the same at our place, even though many are willing to work harder for more money," says Choy. "But my Chinese government partners don't want to upset those who are lazy by allocating bonuses according to merit. They have their own version of the iron rice bowl, and they don't care if incentives will result in greater productivity and more profit. To a businessman their attitude...
Taishan bills itself accurately as the "home of the overseas Chinese." The county's 960,000 residents have about 1.2 million relatives living abroad, and much as American Jews send money to Israel in lieu of actually moving there, Taishan's "overseas compatriots" have sent millions home. Since 1982 foreign funds have built 500 new schools, 50 hospitals and an indoor soccer stadium...