Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：80  发布时间：2025-08-19

State owned restaurants face the entry of private catering industry, resulting in sluggish business



In terms of years, 1981 cannot be considered a very good year for China. Whether it is reform or opening up, it is not as simple as people imagined two years ago: as long as the country opens its doors, it is a smooth road. The first battle of state-owned enterprise reform, which was highly anticipated, encountered a stalemate. The central government's finances were tight, and thoughts were once again confused. However, it seemed that the heavens were unwilling to take care of it. Since the beginning of the year, droughts and floods have erupted in the Central Plains region. In July, Sichuan suffered a major flood, causing thousands of deaths and leaving 500000 people homeless. Time magazine revealed in its article "Floods and Famines" that "Beijing is seeking help from the international community for the first time". The article states, "China, the most populous country in the world, is suffering from the most severe natural disasters since the 1976 Tangshan earthquake, including floods and droughts. The main affected areas include Hebei, Shanxi, Shandong, and others. For the first time in 31 years, the Communist government of China has called for international assistance. At the same time, Chinese and UN officials are working hard to control the disclosure of the severity of the incident The tight foreign exchange reserves, severe domestic inflation, bottleneck in oil production and declining exports, and heavy dependence on rare energy resources have caused serious problems for the Chinese economy. A large number of investment cuts have damaged many major projects and foreign suppliers, including Shanghai Baosteel, Nanjing Petrochemical, Beijing Petrochemical, etc