Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：21  发布时间：2025-08-29

The "Strike Speculation Working Group" of Yueqing County was stationed in Liushi Town in January, and Hu Jinlin was the first to be called in for a conversation. Can you roughly explain how you do business? Have you honestly paid taxes? "The team leader was an acquaintance of his, so the tone of questioning didn't seem too serious. Hu Jinlin said how hard it is to do business, how it is legal, and how it is popular among customers.

In his early 30s, he was one of the first people in Liushi Town to do business in electrical components. He first started as a small business in measuring tools and standard parts, and later opened a "Xiangyang Hardware and Electrical Appliance Store" where he not only sold but also did some simple processing and manufacturing. His electrical raw materials are all exported from state-owned enterprises through various methods, and the products he produces are also sold to state-owned enterprises in Shanghai and Ningbo. By 1981, his turnover had reached 1.2 million yuan, making him a well-known boss far and wide. At that time, the small electrical appliance industry in Liushi Town had gradually taken shape, with around 300 workshops of various sizes. Hu Jinlin was the most famous one and was therefore known as the "King of Electric Machinery".