The island would be a duty-free enclave, with business taxes lower than most of China.
Since these people run most of China today, it is important to understand their roots.
Since then, most of China's fast-growing ranks of rich businessmen have preferred to play things safe.
ECONOMIST: Businessmen are starting to challenge the authorities
The reality is that most of China's infrastructure spending has created greater business efficiency while maintaining stable employment numbers.
Most of China's phenomenal growth has taken place in regions along the coast.
Most of China's shale gas resources are in the Sichuan and Tarim basins.
But if exports are not quite as important as they seem, how about local demand, which traditionally provides the oomph for most of China's sprawling economy?
Until now, most of China's explosive growth in auto sales has been concentrated in the wealthier coastal areas near Beijing, Shanghai and Guangzhou, where big, expensive sedans are popular.
As a light-hearted comedy, it contrasts with the historical epics and action flicks that make up most of China's domestic film releases, says Liv Yi, an analyst at Beijing-based entertainment industry consultancy Entgroup.
They sold their quail for meat and hired technicians to develop pig food whose quality matched that of Thai agri-giant Charoen Pokphand, which then dominated the feed business in most of China, including Sichuan.
He now has two diagnostic chips, for infectious disease and tissue transplantation, in trials at Beijing hospitals, and is spearheading a drive to link most of China's biochip expertise under one roof in a Beijing science park next year.
"Much of the world's population in North America, Europe, most of China and large portions of Russia live near temperate forests, so what happens in these forests has global importance, " said Jerry Franklin, a professor of forest resources at the University of Washington whose work was instrumental in maintaining the research plots.
"From our observations, it is one of the most prolific cyber espionage groups in terms of the sheer quantity of information stolen, " it said, adding that it was "likely government-sponsored and one of the most persistent of China's cyber threat actors".
Officials who can afford to send their families abroad are usually the most powerful, and the most aware of China's problems.
And it is reported to have bought two Sovremenny class guided missile destroyers, which have far greater range than the most modern of China's surface ships.
Most parts of China are unlikely to see the kind of political unrest that occurred in the build-up to the Mexico Olympics in 1968 and the Seoul Olympics in 1988.
ECONOMIST: The most serious unrest in years shakes the Tibetan capital
McDonald's, with its free Wi-Fi and clean bathrooms, is adding more electrical outlets to most of its China stores in hopes that people will actually come and hang around longer.
WSJ: In China, IKEA Is a Swede Place for Senior Romance, Relaxation
Archrival Google (Nasdaq: GOOG) has shuttered most of its China-based Internet services over the last few years, including its music and online shopping search businesses in 2012 after its high profile withdrawal from the China search market in 2010.
The less good news is that most of the manufacturing happens in China, so most of the jobs are there.
Further, China has made illegal claims to most of the South China Sea and then declared it to be a "core interest, " meaning it is on par with Tibet and Taiwan in importance.
Or maybe China Bears will learn that most Western observers of China consistently underestimate the resilience and longevity of the government and this very hard-to-model, very messy creation officially known in China as Socialism with Chinese Characteristics.
China Yuchai International Limited (CYD) : Incorporated in Bermuda with operational headquarters in Singapore, China Yuchai does most of its business in China.
Admittedly, China's financial markets are more behind than most: of all China's markets labour, goods, services, capital the last is the only one still monopolised by the state.
Members of the Association of South-East Asian Nations (ASEAN), alarmed by China's vague, unexplained but sweeping claim to sovereignty over most of the South China Sea, encouraged America to involve itself in the issue.
The delegates' revelations also suggest that Li Ruihuan, seen as one of the most pro-reform of China's leaders, has been forced to retire early.
In a recent study, the U.S. Joint Global Climate Change Research Institute, which is located at the University of Maryland, projected the impact of climate change on agricultural yields in Huang-Hai Plain, which is one of the most productive agricultural regions of China.
As someone who lives in China and Hong Kong, and who reads, writes and speaks Chinese, I have been for the most part disappointed about the level of discussion which takes place about China in most of the mainstream U.S. media.
Ms Hvistendahl has little truck with this account, which fails to explain why some of the richest, most outward-looking parts of India and China have the most skewed sex ratios.
Until 1800, Mr Jacques argues, the most advanced parts of China and Europe had reached comparable levels of development.
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