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Y. K. Pao, My FatherMy Father$
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Anna Pao Sohmen

Print publication date: 2013

Print ISBN-13: 9789888083312

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888083312.001.0001

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Developing Chinas Tourism and Shipping

Developing Chinas Tourism and Shipping

(p.107) 6 Developing Chinas Tourism and Shipping
Y. K. Pao, My Father

Anna Pao Sohmen

Hong Kong University Press

Deng Xiaoping strived to modernize China and entertained the notion that the process of modernization must start with economic growth. Tourism was considered one of the two important growth sectors, and Elder Uncle Lu was asked to come up with a first five-year plan for developing tourism in China. According to Deng, the construction of new hotels was of paramount importance, and there was nothing wrong with using capitalists’ money to build hotels on socialist soil. The generous donation made by Sir Y. K. Pao was instrumental in establishing the first international hotel in China. He was determined to contribute to the cause of modernization of China, and he also made up his mind to establish a joint-venture shipping company with China.

Keywords:   Deng Xiaoping, Modernization, Shipping, Tourism, Hotel, Joint-venture shipping company, Hong Kong, Sir Y.K. Pao, Biography

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