Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：65  发布时间：2025-08-11

The adjustment of macroeconomics is not only about changes in economic policies, but also involves ideological debates. People who were already skeptical of loose policies have found a weapon to attack. And the first target they attacked was the newly emerging special zone in the south.

Ren Zhongyi, the first secretary of the Guangdong Provincial Party Committee, is the most under pressure. At the beginning of the year, the central government held a work conference and notified all provincial and district leaders to attend. The central topic of the conference was to discuss the adjustment of the national economy. During the conference, someone distributed a letter written by four young people to the central leadership about economic adjustment. The letter put forward the 12 character policy of "slowing down reform, suppressing demand, emphasizing adjustment, and sacrificing development", and its words were precise and every sentence flew towards the special zone. Ren Zhongyi, with his upright temperament, naturally had no way to avoid this challenge. He spoke at the meeting: