Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：32  发布时间：2025-11-13

On April 1st, the first Shanghai Santana sedan was successfully assembled

At the same time as tax reform, the central government has also cautiously begun to make some other adjustments and attempts at opening up.

Firstly, according to the scale of the enterprise, 'good fruits are harvested and rotten fruits are thrown away'. Starting from this year, the income of all large and medium-sized enterprises invested and built by the central government will belong to the central finance, and the income of large and medium-sized enterprises jointly invested and built by the central and local governments will be distributed proportionally. The losses of small and medium-sized enterprises, especially county-level industrial enterprises, have been reduced from 80% borne by the central government and 20% borne by local finance to half borne by both the central and local governments. This income division and "loss decentralization" are subjectively a way for the central government to "unload the burden", but objectively, they unexpectedly reserve space for innovation and reform of many small and medium-sized state-owned enterprises on the brink of losses in the future.

Secondly, the scale of opening up to the outside world is gradually being relaxed. In those years, the Chinese government has been disappointing in terms of attracting foreign investment. The Asian Wall Street Journal revealed that in 1980 and 1981, China built 20 joint ventures respectively, while in 1982 there were only 8. The Economist in June harshly criticized China's foreign investment introduction work, writing in an article titled "Official Articles on Sino Foreign Joint Ventures": "China's joint venture law is a failure.