Jiang Zhikang's foray into China's fledgling stock market in the early 1990s was not only risky but required great patience. "I lined up at the small trading counter for a whole night in order to buy the stock subscription certificates,?Jiang, 62, says. "I thought that owning stocks may be better than just putting my money in a bank account.?
1984: Shanghai Feilo Acoustics Co Ltd, an electronic equipment manufacturer, issues China's first stocks in Shanghai.
It has been 20 years since the birth of China's stock market, which has experienced wild ups and downs. Looking back, I think we should reflect on what kind of market it has developed into, what role it has played in China's economy and what we should do next.
It may be disappointing that I'm not going to talk in this column about whether it's time to buy into China's stock market when the market looks cheap after a recent derating. I have to admit that, despite being one of the first journalists who began reporting on China's financial and stock markets more than two decades ago - when the Chinese stock market was set up - I have never bought a single share.
Board any of China's high-speed trains and you'll step into a clean and comfortable cabin worthy of airlines. More important, the trains will whisk you to your destination almost as quickly as propeller-driven aircraft. These trains cover the 1,069-km journey between Guangzhou and Wuhan in about three hours, while the 120-km trip between Beijing and Tianjin is done in half an hour.
The length of China's railway network soared from 49,900 km in 1980 to 91,000 km by the end of 2010, making it the world's second longest. Its passenger and cargo transport facilities have also ranked among the top. Despite the railway's growth, its role in the nation's economic development is trailing off compared to other transport means.
My first trip to Beijing was to work at China Daily, and it started with a bus. My hometown, Nantong city in eastern Jiangsu province, had no rail connection.
1981: First Automobile Works ends a two-decade program in which it makes 1,510 Red Flag cars used for government officials.
One family with 26 members from five ethnic groups - that's the family Nur has seen grow in the village of Bazbokda, Tacheng, in China's Xinjiang Uygur autonomous region.
The Old City in Kashgar in the Xinjiang Uygur autonomous region was a trading center on the old Silk Road, but its buildings have begun to show their years.
Xinjiang Production and Construction Corps (XPCC), also known as Bingtuan, is a unique economic and semi-military governmental organization in the Xinjiang Uygur autonomous region. It has vowed to realize "leapfrog development" in the 12th Five-Year Plan period (2011-2015) by pushing forward urban construction, industrial development and modern agriculture.
The XPCC performs two duties entrusted by the Central government since its establishment in 1954: farm reclamation and guarding China's frontiers.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
