If someone wanted to phone internationally to the U.S. from China, it would probably cost that person one day's worth of an average household income in China to make that one call.
"James C.H. Shen" was a Taiwanese diplomat. Shen served as the last official Republic of China ambassador to the United States before the U.S. switched its diplomatic recognition to the People's Republic of China in 1979.
More James Shen on Wikipedia.I accepted the challenge that the Chinese market was not going to be wide open, and I knew the telecom industry was a monopoly, but I believed that I understood the system and background of China better than other overseas investors.
I left for California at the age of 26 for two reasons: One, I wanted to explore the center of the high tech world; and secondly, (I wanted) develop a career independently without the status of my family.
AT&T at that time was charging about $3 for the first minute to call China, and each additional minute would cost you up to a dollar.
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