Word: yuan
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Dates: during 1980-1989
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...Finally Yuan, the guide, got frustrated with my lack of sophistication about the ways of the Chinese. "We've had other things to worry about," she said. "And besides, everything has changed since the Cultural Revolution...
...contrast between Guangdong and Hunan. Since 1985, for example, Guangdong has allowed the price of pork to rise, as it did earlier with other foodstuffs. Popular demand not only spurred local pig production but, with Guangdong merchants paying more than twice the state-controlled price of 2.80 yuan per kg (35 cents per lb.) for pork in Hunan, also began to siphon off the output of pig farms in the neighboring province. As a result, the supply of pork decreased dramatically in Hunan's state-subsidized markets...
Along Beijing's Xiushui Street, merchants in makeshift metal stands plaintively urge shoppers to buy jade-green grapes, bright red Coca-Cola sportswear and Begonia Flower-brand silk lingerie. A balding trader, waving a fan, hawks Christian Dior-label shirts. They cost 100 yuan ($27) abroad, he confides, but his price is only 25 yuan ($6). A real bargain. The yellow license in his stall identifies him as a ge ti hu (private entrepreneur), who sells his wares on the free market...
...from geese and green beans to bricks and black vinyl sofas. In Guanghan county, one of the first two regions in the country to abolish the Mao-inspired communes and lease land back to farmers % under the family contract system, the per capita income of agricultural workers is 646 yuan ($174), almost four times as high as it was before the reforms...
...China's 800 million peasants aspire to the 10,000 yuan ($2,703) annual income of Sichuan Farmer Huang Xinzhi, 40, who built a mini-business empire from a flower-and-tree nursery business. In tribute, local officials awarded him a certificate with the message: "It is glorious and civilized to be wealthy through hard work." Still, since 1981 at least half of all rural families have built new homes. Bao Hongyuan, 38, lives with his parents, his wife and ten-year-old son in a new two-story, six-room house in the model Hong Qiao farming community...