Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：24  发布时间：2025-07-04

The completion of grey primitive accumulation due to smuggling was an important driving factor for the emergence of rural economy in the southeastern coastal areas at that time, but this has never been noticed by the academic community. Around 1980, the most rampant areas for smuggling in China were the Wenzhou and Taizhou regions in southern Zhejiang, and the Chaoshan region in Guangdong. As a result, they became the fastest starting areas for commodity economy and the most active areas for private economy at that time. Xinhua News Agency reporter Wei Yunheng once described the smuggling scene along the coast of Fujian as follows: At that time, there were dozens of Hong Kong and Taiwan smuggling ships anchored and cruising in the waters of Dongsha Island every day, and hundreds of mainland smuggling ships heading to exchange smuggled goods. Electronic watches and nylon fabrics flooded into the mainland like a rising tide, while gold and silver dollars flowed out like a receding tide. Thousands of people are infatuated, and several well-known private goods distribution markets have formed in coastal urban and rural areas.