IDEAS home Printed from
   My bibliography  Save this article

Guest Editor's Introduction


  • Lawrence R. Sullivan


>i>Gongxi facai, hongbao zailai>/i>â"money"-"money"-"money"-"money" makes the world go around, and the Chinese people, Rachel Yang argues in this third and last segment of "Chinese Renaissance," love it. More than any society on earth, China is enthralled with the almighty buck, so much so that it pervades every nook and cranny of everyday life and even its cultural traditions. Offer a product with the number "8" in it and Chinese will rush to the stores in droves to buy it. Why? Because "8" is pronounced >i>ba>/i> in Chinese, which rhymes with >i>fa>/i>, meaning to make a fortune. Own anything with this magical number and great wealth is right around the corner. The venerable sages of Chinese traditional philosophy and historyâConfucius and Menciusâmay have preached "benevolence and morality" as life's ultimate ideals, but they, too, loved money and saw august service to the state as merely a route to riches. Indeed, all the major social groups throughout Chinese historyâfrom the imperial family and religious groups to vagabonds and the general populaceâhave pursued wealth with a vengeance. The anti-capitalist ethos of "socialist" China under Mao Zedong was a sham. Since the introduction of the reforms in 1978, the >i>real>/i> China has emerged: Avaricious and rapacious, China's millions are now engaged in a headlong rush to become wealthy, and nothingâneither the CCP nor the Westâis about to stop them.

Suggested Citation

  • Lawrence R. Sullivan, 1998. "Guest Editor's Introduction," Chinese Economy, Taylor & Francis Journals, vol. 31(5), pages 3-5, September.
  • Handle: RePEc:mes:chinec:v:31:y:1998:i:5:p:3-5

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:31:y:1998:i:5:p:3-5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.