5,000 Years vs 50 Years

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December 2003

Private entrepreneurs are making progress after a temporary suspension of service.

Only a few years ago, it was inconceivable that private entrepreneurs would once again become a dominant force in the Chinese economy. I recall only 20 years back, when I was an exchange student at Peking University, my classmates and I found it very exotic to dine at the only privately-owned restaurant in Beijing, in an alley south of the Art Museum.

The restaurant had only two tables, but the food was inexpensive and good, it was clean and tidy and, last but not least, service was ...

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