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Profits approved

NZPA Peking A senior Chinese official has urged China’s 800 million rural people to put stress on profitmaking and abandon traditional contempt for merchants, the official Xinhua News Agency reported.

“To develop the commodity economy, people should attach importance to profits.

Make profits and seek profits by all legal means,” Vice-Premier Wan Li said in a speech at

a conference on rural work. Wan said many of the country’s economic reforms directly ' contradicted old traditional moral values of the rural people.

Businessmen and merchants traditionally have held a low position on the Chinese social ladder. In imperial China, they were looked down upon in spite of their wealth, and scholars held the positions of highest status and power.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19861205.2.132

Bibliographic details

Press, 5 December 1986, Page 29

Word Count
120

Profits approved Press, 5 December 1986, Page 29

Profits approved Press, 5 December 1986, Page 29