His father was a peasant and carpenter, and 44-year-old Yu Minhong will never
forget watching him collect bits of waste brick and stones and stack them up in
the small courtyard of their rural home. What use was all this rubble and
debris? The day Yu saw his father transform the stones into a small pen to shut
in the pigs, hens and ducks, he was amazed. At that time, his family could not
afford to buy bricks.
Yu says his his father's practical determination
and foresight have influenced his whole life.
"If you have a map in your head, you can always turn stones into a
building."
"If a pyramid was dismantled, it would just be a pile of
stones. If you live your life without an aim, it's just a heap of days." Yu
Minhong, or Michael Yu, epitomizes the rags to riches trajectories of those who
have been able to grasp opportunities in rapidly changing China.
He said
his father's patient stone-piling lesson had influenced him at three critical
junctures of his career: he piled up days and days of hard work to eventually
secure admission to university after two failures; he made a collection of
English words so that he could become a university English teacher; he started
his own English training school.
Yu's training school, which has surfed
on the obsession for studying English, has since helped hundreds of thousands of
Chinese students get into U.S. universities.
The company, New Oriental
Education and Technology Group, was listed on the New York Stock Exchange in
September, the first private education company to achieve this feat. Yu is
thought to be China's richest teacher with about 2 billion yuan (250 million
U.S. dollars) of assets.
(For more biz stories, please visit Industry Updates)