Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：7  发布时间：2025-05-22

Deng Xiaoping made the decision in the first place. At the Third Plenum of the Eleventh Central Committee held in December of the previous year, two agricultural documents were passed, announcing the lifting of restrictions on rural industry and commerce, household sideline businesses, and rural markets. In the same month when the educated youth collectively returned to the city, the Central Committee of the Communist Party of China and the State Council quickly forwarded the first report on the development of individual economy: "Various regions can approve some idle laborers with formal household registration to engage in individual labor such as repair, service, and handicraft after obtaining the consent of relevant business supervisory departments according to market needs." The first individual business license in the country was reportedly issued to Zhang Huamei, a vendor in Wenzhou. By the end of this year, there will be approximately 100000 individual industrial and commercial households approved for business nationwide.

The wisest approach in the face of surging employment pressure is to "open the floodgates and release water". The inevitability of China's economic privatization is fully revealed at this moment. If we follow it, we will survive; if we go against it, we will perish.

In terms of legal and policy significance, the legitimacy of Chinese private companies was established at this time. In two years, it will face its first test, and it will take 20 years intermittently to form a complete legal protection. However, a new story has truly begun, albeit reluctantly and stumbling.