Profit to the People: Where the Free Market Meets Communism

Mail on Sunday › June 27, 2005

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Summary

Tianjin city south-east of Beijing is a beacon for flagship reforms set up two decades ago under former leader Deng Xiaoping.

Seed capital of 330 million yuan (Pounds 22 million) was borrowed from state-owned banks to start Teda, the Tianjin Economic Development Area, and a small city has sprung up on what was once empty saltflats.

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Profit to the People: Where the Free Market Meets Communism

Rows of executive housing surround a giant sports stadium with its own football team and miles of industrial estate...

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