Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：20  发布时间：2025-09-05

The "Eight Great Kings Incident" was the tip of the iceberg in the 1982 economic rectification movement. On January 11th and April 13th, the State Council issued two strict documents, stating that "for criminals who seriously damage the economy, no matter who they are, no matter which unit they belong to, and no matter their position, they must be impartial, enforce the law like a mountain, and not allow any exceptions, let alone anyone to protect, plead, or cover up. If there is any violation, they will be held accountable." By the end of this year, there were 164000 cases of various economic crimes filed nationwide, 86000 cases closed, 30000 people sentenced, and 320 million yuan recovered.

The high-profile crackdown on the "Eight Great Kings" in Liushi has silenced private enterprises across the country, no longer daring to openly compete with state-owned enterprises for raw materials and "disrupt market order". At the same time, another case that occurred in Wuhan demonstrates another area of competition, which is that private forces have extended their reach to the technology personnel within state-owned enterprises, beginning to compete with state-owned enterprises for technology and talent. This is certainly unacceptable.

In the Spring Festival of 1982, Wuhan engineer Han Qingsheng spent his time in prison on charges of "technical speculation and profiteering".