“Out of the Gobi: My Story of China and America” is Weijian Shan’s deeply affecting memoir. It is also a story that mirrors China’s dizzying recent history: the Cultural Revolution, with all its madness; the opening to the United States, with all the promise it held; and Deng Xiaoping’s decision to unleash a market-based system, with all the changes it wrought. Mr. Shan has lived this history, suffered from its excesses and thrived thanks to the opening. Today he is one of the more respected and successful financiers in the “new China.”

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