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BUSINESS
April 22, 1998 | JAMES FLANIGAN
China's economic reform, a vast undertaking to restructure the operations of socialist state enterprises by reducing staff and shutting down uneconomical operations, is in many ways a story familiar to Southern California, which only yesterday endured the downsizing of aerospace companies. China is going through its own acquisition binge and at the same time is discovering the value of small business.
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BUSINESS
April 4, 1999 | MAGGIE FARLEY, TIMES STAFF WRITER
When China's parliament officially enshrined support for the private sector in the constitution last month, it may have seemed an incredible step for the ruling Communist Party. But it struck entrepreneurs here as nothing but inevitable. "I don't know anyone who works in a state-owned enterprise anymore," said Wu Hui, the 30-year-old director of China's largest manufacturer of sex toys--the most private of private enterprises. "They've all been sacked a long time ago.
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BUSINESS
April 4, 1999 | MAGGIE FARLEY, TIMES STAFF WRITER
When China's parliament officially enshrined support for the private sector in the constitution last month, it may have seemed an incredible step for the ruling Communist Party. But it struck entrepreneurs here as nothing but inevitable. "I don't know anyone who works in a state-owned enterprise anymore," said Wu Hui, the 30-year-old director of China's largest manufacturer of sex toys--the most private of private enterprises. "They've all been sacked a long time ago.
BUSINESS
April 22, 1998 | JAMES FLANIGAN
China's economic reform, a vast undertaking to restructure the operations of socialist state enterprises by reducing staff and shutting down uneconomical operations, is in many ways a story familiar to Southern California, which only yesterday endured the downsizing of aerospace companies. China is going through its own acquisition binge and at the same time is discovering the value of small business.
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