Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：118  发布时间：2025-09-29

In October 1984, the People's Congress of Changchun City officially passed a resolution to designate the Junzi Orchid as the "city flower" and called on all citizens to "plant at least three to five Junzi Orchids in every household. If you don't plant Junzi Orchids, you are a Changchun person!" At this point, the frenzy reached its peak but quickly turned into exhaustion. Due to excessive speculation, various social upheavals have been triggered, and what is particularly frightening is that many corporate entities have used public funds to invest in orchids, becoming the strongest driving force behind the frenzy. Finally, on June 1st of the following year, the Changchun Municipal Government, under pressure from various parties, issued the "Supplementary Regulations on the Management of the Junzilan Market", which explicitly stipulated that "government agencies, enterprises, and institutions shall not use public funds to buy Junzilan; employees and Communist Party members shall not engage in the buying and selling of Junzilan, and those who repeatedly refuse to change their ways shall be subject to disciplinary action, until they are dismissed from public office and party membership." With this regulation, the trend of Junzilan abruptly came to an end, and the price of flowers plummeted without any waves, leaving only citizens holding flower pots on the ground wanting to cry without tears.

The Changchun Junzilan incident was not an isolated case at that time. Around 1982, there were also incidents of speculation in the Jiangsu and Zhejiang regions about the Five Needle Pine (an ornamental pine bonsai), and its madness was not inferior. These phenomena are similar to the Tulip Incident that occurred in the Netherlands in the 17th century. ① It can be seen as a demonic release of the wealth craving of the impoverished lower class. Pandora's Box has really been opened.