Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：25  发布时间：2025-07-03

So, these smuggled goods became one of the important sources of the first generation of slightly scaled commodity markets after the Cultural Revolution. Bold vendors who came to purchase, including smuggled goods, and Wenzhou people who carried these goods away to sell became the first generation of merchants in the early stages of reform. According to data, by around 1980, there were over 3000 individual industrial and commercial households in Wenzhou. Professional manufacturing workshops emerged in some active trading towns, such as Liushi in Yueqing. Those with larger scale were dubbed "kings" locally, such as Hu Jinlin, Liu Dayuan, Cheng Buqing, Zheng Xiangqing, and others. These people's assets were all over 100000 yuan at that time, and the quality of the products produced was roughly comparable to that of state-owned factories. Unlike Lu Guanqiu, these kings and their enterprises were private from the beginning, and except for a few areas in Wenzhou and the Pearl River Delta, it was almost unimaginable in China at that time.