Business People: From a Lost Kingdom

Since the end of 2020, some Chinese companies have been involved in a series of high-profile cases involving breaches of regulations. The public attitude toward these tech giants has also changed in the past two years. All this contrasts with the image of business people for more than four decades since China adopted its reform and opening-up policy in the late 1970s. Going into business was a very popular choice for a majority of the people. In the 1990s, many civil servants quit to go into business. This was probably the most glorious period for Chinese business people. For thousands of years in ancient China, a businessman, no matter how rich, faced discrimination.