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The end of the Chinese dream

By Gerard Lemos  

In the early years of reform in China in the 1980s it seemed everyone was a winner. Farms were decollectivised allowing farmers to grow and sell more food and keep the profits.  Millions of new jobs were created in factories in the special enterprise zones.  The old state-owned enterprises were largely untouched and the “iron rice bowl” of a job for life, pensions, rudimentary health care and free education…

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