Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：65  发布时间：2025-12-03

This idea led Bu Xinsheng to gradually drift away in the following two years. Once, when he went to another city to give a report, a construction contractor requested to build a suit workshop, and he readily promised. When the assistant in the factory questioned the qualification of this person, he was furious and said, "Is it you or I?" Who knows that this contractor is really a liar. When the workshop was built to the second floor, there was a quality problem and had to be blown up for reconstruction. Once again, a tie factory in the suburbs of Shanghai hired Bu Xinsheng as a consultant, and he generously agreed to buy 130000 ties to solve the "difficulties" for the factory. At this time, his factory was also accumulating over 100000 neckties, and after more than a year, he was unable to pay and had to default on his debts. The other party sued Haiyan Shirt Factory in court and finally settled the debt with a large truck transporting goods.

By 1985, the Haiyan Shirt Factory was struggling to continue, and the suit factory project was delayed for a long time. Bu Xinsheng, who already lacked decisiveness and communication skills, was helpless, and the superiors seemed unable to find a good management strategy for the factory. The gap between typical reforms and marketization is getting bigger and bigger. By 1987, the factory had incurred a loss of 4.44 million yuan, which was already an astronomical figure for some county-level small factories.