Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：23  发布时间：2025-06-30

At the beginning of the year, Lu Guanqiu made a decision to remove seven or eight factory labels hanging outside the factory gate one by one, leaving only one "Xiaoshan Wanxiang Joint Factory". He is the kind of person who has a good intuition - this is almost a common talent of all novice entrepreneurs. After struggling for more than ten years, he is determined to focus his energy on only one product in the future, which is the consumable parts of cars called "universal joints". He went to the industry trade fair with his products on his back in high spirits, but was criticized because except for state-owned factories, no other enterprises were allowed to enter. Of course, Lu Guanqiu would not be content with this. He secretly set up a stall at the entrance of the venue to sell the universal joints he brought at a price 20% lower than that of state-owned factories, which made them popular. He quietly expanded his territory like a groundhog. In order to truly dominate the market with the manufactured products, Lu Guanqiu showed extraordinary determination. That summer, a customer in Wuhu, Anhui sent a return letter stating that some of the universal joints they had received had cracks. Lu Guanqiu immediately organized 30 people to go to customer offices across the country to check and clear the goods, but surprisingly returned more than 30000 sets of universal joints. Lu Guanqiu gathered all the workers in the factory and was the first to carry a straw bag filled with waste with an iron face, heading towards the waste recycling station in Ningwei Town. These over 30000 sets of universal joints were sold as scrap metal for six cents per kilogram, causing the factory to lose 430000 yuan. This was almost an astronomical number back then.