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In the fall of 1984, a group of economic students and economists from across China gathered

for a conference in a mountain retreat called Morgan Shan outside of Shanghai.

They met for seven days, seven nights, and they were there to really answer one question.

How could China catch up to the West?

The overwhelming impression of China today remains that of backwardness.

Horse and human power still do the chores machines would do better.

China was basically in shams.

Mao Zedong had died only a few years earlier, and he had devastated the country with his

political campaigns.

More than a million people have been killed or persecuted, and still about three quarters

of the population was living in extreme poverty.

The government decided what every factory made, how much everything cost.

The economy wasn't really functioning.

Well, the average worker the most sought-after consumer items are a major investment.

A good locally made television at $300 is nearly half a year salary.

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