Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：11  发布时间：2025-05-12

In the years after 1979, the Zhou Guanwu style reform can be summed up as constantly bargaining with the country. In an era of extreme commodity shortage, in a monopolistic heavy industry, with increasing demand and gradual changes in internal mechanisms, the rapid growth of Shougang's efficiency is almost inevitable. So, Shougang became increasingly wealthy, Zhou Guanwu's voice grew louder, and the relevant departments demanded more and more profits from it. Shougang's contracted profit base was initially 5%, later increased to 6.2%, and then further increased to 7%. The conflict between the two sides finally escalated in 1986. In December of that year, the Beijing Municipal Finance Bureau issued a notice requiring Shougang to pay a profit of 108.99 million yuan. Zhou Guanwu refused to comply, so the Finance Bureau forcibly deducted 25 million yuan from Shougang's account through the bank. At this point, Zhou Guanwu, who was already a national reform figure, immediately wrote a letter to the State Council and Deng Xiaoping, stating, "If we are asked to pay 100 million yuan, the ongoing technological renovation projects, residential and welfare facilities projects can only be stopped immediately, and a portion of the wages and bonuses that employees have received according to the original contract and linkage methods will be refunded. Moreover, the wages of employees in December cannot be paid." His writing now carries a sense of coercion. A month later, Deng Xiaoping's instructions were issued: the contracting method of Shougang remained unchanged.