1995

Invigorating China through Science and Education

In May 1995, China issued the Decision of the CPC Central Committee and the State Council Concerning the Acceleration of Advancement of

Science and Technology, launching the Strategy of Invigorating China through Science and Education. It aimed to accelerate the advancement of science and technology and implement the idea that “science and technology constitute a primary productive force.”

End of Foreign Exchange Certificates

In the early stage of its reform and opening up, China welcomed an increasing number of foreign visitors as well as trips from overseas Chinese and compatriots from Hong Kong, Macao and Taiwan. By then, the daily supplies for the Chinese people were still rationed. For convenience, the Bank of China issued foreign exchange certificates, which was equivalent in value to the RMB and could be used in designated places. Circulation of those certificates ended on January 1, 1995.