China: Certain Measures of Capitalism

To pep up its economy, Peking offers incentives and competition

Liu Ya, 22, an unemployed salesclerk in Peking, nervously clutched her handbag as the crowded, dingy train lurched through the countryside. The bag contained more than 2,000 yuan (about $1,200), which she had borrowed from friends and relatives. Liu's destination: Canton, 1,400 miles and 36 hours away, China's gateway to Hong Kong and now a bustling center of free enterprise. Upon her arrival, she rushed from one street vendor to another, buying up an assortment of modern-style dresses, blue jeans, sandals and high-heeled shoes. Twelve days later, Liu was back in...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!