Business Standard

China shows off the version of economic transformation it wants you to see

There's an official version of the economy's reshaping, which is about to celebrate its 40th anniversary

China, China flag
Premium

Photo: Shutterstock

Bloomberg
Forty years ago, 18 villagers of Xiaogang in Anhui Province banded together to disobey the orders of China’s government, risking their lives by deciding to farm individually instead of collectively.

Now, they’re celebrated as the pioneers of gaige kaifang , or Reform and Opening Up — the process of turning China into a market-based economy that celebrates its 40th anniversary next week.

As part of the official programme marking the anniversary that will culminate in Beijing on December 18th, the government invited media to tour locations selected for their significance in showing how China has transformed in that time.

The anniversary comes at

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in