Getting some time off, from our classes at Beida (that's Peking University), Andreas and I where lucky to have a smart fellow showing us the new Olympia stadium. Which looks like a bird's nest. The 2008 Beijing Olympics mark a new high point since Chinas open-up up in 1979 and it's accession to the World Trade Organisation (WTO) in 2001.

Deng Xiaoping pioneered "Socialism with Chinese characteristics" and Chinese economic reform, also known as the "socialist market economy". He opened up China and reunited it with Hong Kong as "one country with two systems". He laid the foundation for the market economy, which lifts millions out of poverty every year.

A smart fellow indeed.

Labels: Asia, Economics