Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：2  发布时间：2025-09-15

In the 1982 issue of The Economist magazine, there was a cartoon that reflected that running a business at that time required going through many procedures and approvals

In fact, the various controversies and controversies surrounding Baosteel began in 1980. On August 22 of that year, Xinhua News Agency issued a rare press release harshly criticizing a "power sub command center" under Baosteel for violating financial and economic discipline, illegally using foreign exchange, and importing four small cars and four station wagons belonging to high-end consumer goods. In some subsequent comments, Baosteel was insinuated as a typical example of "waste and deficit economy", and in the public opinion environment of "all economy is politics", almost everyone got angry with some unusual meaning from it. The deputy general manager of China's steel industry told the managers of Japanese steel companies in Shanghai that external criticism has made it difficult for the project to move forward. Many people believe that China has a large amount of cheap unskilled labor, and in this situation, building capital intensive industrial projects that only require a small number of skilled workers is insane