regulations, and safety nets. As safety nets were put into place and new jobs were created, it began the task of restructuring the old state-owned enterprises, downsizing them as well as the government bureaucracies. In a short span ofa couple of years, it privatized much of the housing stock. The tasks are far from over, the future far from clear, but this much is undisputed: the vast majority of Chinese ャゥセ@
far better today than they did twenty years ago.