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An auspicious day for tasting books

Article Abstract:

The oldest surviving privately owned bookstore, called the Sanwei (Three Flowers) Studio, was reopened in its new building on Apr 7, 1993. The store's owners, Li Shiqiang and his wife Liu Yansheng, started the store in 1988 with $35,200 lent them by friends. Students, intellectuals, writers and some political dissidents soon frequented the store, but never to the extent that the authorities did more than keep it under surveillance now and then. Liu and Li acquired their new building after protracted subway construction caused irreparable damage to their first building.

Retail trade, Booksellers, Bookstores, Beijing, China

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Learn from Lanju

Article Abstract:

The absorption of the state-owned Bailan by the profitable Baiju has not been very successful. The joint corporation, which is called Lanju, had hoped to make profits by increasing the variety of its products and this plan has not been effective. Product introductions have not found an enthusiastic response and the company's increase in profits is a reflection of the sale of real property. Many employees are having to be paid even though there is no work. The money earned from sale of land is likely to spent in repaying debts.

Management, Cover Story, Public sector, Lanju

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