China's first individual business license| CCTV English

187 views · Published 21 November 2018 · 1:14 · Indexed 29 September 2026

Channel: Hi China · 2018 · News & Politics

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Thirty-nine years ago, businesswoman Zhang Huamei got China's first license for individual businesses. She did not realize it has become a "big label" of China's reform and opening-up. 
Since then, the private economy has returned to the historical stage, playing a vital role in the country's economy. Today, individual and private enterprises account for 94.8% of all market players in China, creating 60% of the country's GDP. Let's take a look at the story of China's  first self-employed person who is willing to do it for a lifetime.

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