Business in China - Relaxing the Grip of Bureaucracy
Picture Beijing in the early 1990’s: a strong visual presence of communism in the typical courtyard-style housing (12 families housed in a block built around a central yard), grey Mao suits everywhere, almost no neon advertising signs and only occasional cars and mini-vans on the streets. In those days there were two currencies: Yuan and FEC(Foreign Exchange Currency) available only to foreigners, with a lower exchange rate than
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