Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：3  发布时间：2025-06-12

This article caused a sensation, although the language was too generalized and arbitrary, it also pointed out the factual part. After entering the year 2000, Shekou had completely become a general development zone, and after 107 years of being founded by the "reformist" Li Hongzhang, China Merchants Group unexpectedly once again took on the role of an experimenter of China's commercial progress. Behind the heroic backdrop, it once again withdrew from the forefront due to institutional constraints. In June 2004, the Shekou Development Zone was officially revoked by the Guangdong Provincial Government, and all the systems painstakingly designed by Yuan Geng disappeared overnight.

Yuan Geng once had a sigh in his later years. He said he made a historic mistake that caused Shekou to miss out on another perhaps more efficient growth model.

What he referred to as' missing out 'was that in 1981, 13 Hong Kong entrepreneurs led by Li Ka shing, the richest man in Hong Kong, and tycoon Ho Ying tung visited Shekou and asked if they could invest in jointly developing this land? At that time, Yuan Geng waved his hand without hesitation and said, "Thank you, everyone. I am still worried that I won't be able to recover the funds I invested. I dare not implicate everyone." He politely declined, using a trick.