Milestones
Milestones: 1990
(China Daily)
Updated: 2009-09-30 08:46
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People flock to the Shanghai Stock Exchange in December 1990. It is one of the first two stock exchanges, previously reviled as a symbol of capitalism, to open in China in decades. Xinhua |
-- The Shenzhen Stock Exchange and Shanghai Stock Exchange open in December. The two establishments are welcomed as potential engines to drive China's market economy. Stock markets were previously reviled as a symbol of capitalism.
-- The State Council allows the Shanghai municipal government to develop its Pudong area. Preferential monetary policies are approved to facilitate its development.
-- Beijing hosts the 11th Asian Games.
