After rationing, a golden era arrives

In China today, entrepreneurs are venturing into businesses that their parents could not have dreamed of, and catering to a new asset-owning generation.

TODAY’S Beijing is a picture of modernity, with skyscrapers crowding the skyline and a comprehensive subway network sprawling underground. On the streets, the bicycles that used to be people’s default mode of transport have now mostly given way to automobiles and electric scooters.