Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：23  发布时间：2025-08-24

At the University of Chicago, a Hong Kong scholar named Zhang Wuchang, who has long observed China's issues, published a paper titled "Will China Move Towards' Capitalism '.  

He boldly wrote, "I speculate that China will adopt a property structure similar to private property rights over time... I can infer that in the future, labor, production tools, machinery, buildings, and even land will have some degree of private use and transfer rights." Zhang Wuchang also said in the footnote of his paper: "Even if China allows the transfer of resources and private use rights in the future, China may never use terms such as" capitalism "or" private property rights "to describe its economic system. More than a decade later, people discovered that he was half right, and by around 2000, "private property rights" had become a publicly used term.

Zhang Wuchang's bold voices made him famous in China in the future. However, in 1981, he appeared very lonely, and the tight air still pervaded the entire country. Newspapers reported extensively on the news of cracking down on "speculation and profiteering" in various places every day, and many people had a vague premonition that a more severe crackdown might be about to begin.