Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：11  发布时间：2025-12-14

Deng Xiaoping's southern tour initiative was disseminated nationwide through news, bringing an end to the debate about special zones. In the second month after he left Guangdong, the Central Committee of the Communist Party of China made a major decision to announce the opening of 14 coastal cities and Hainan Island to foreign investors. China's opening-up to the outside world has evolved from point to surface, ultimately forming a pattern of opening up the entire coastal region.

On January 24th, Wang Shi, who was happily reselling corn, rode his bicycle through the Shenzhen International Trade Building and suddenly saw many police cars, officers, and gathered crowds. Upon inquiry, it turned out that Deng Xiaoping had gone to the top floor of the building to overlook the entire special zone, and the Public Security Bureau was cleaning up the scene. He later recalled, "I feel like it's time to do something big

In May, the "Shenzhen Modern Science and Education Instrument Exhibition Center" was established, which was the predecessor of Vanke, and Wang Shi became the manager. According to the policy of the special zone at that time, foreign products imported from the special zone could not be sold outside the special zone, but there was no restriction on customers from outside the special zone purchasing goods within the special zone and exporting them out of the special zone. The business of the exhibition and sales center is not much different from reselling corn: it first collects 25% of the payment from mainland demand enterprises as a deposit, then places an order with Hong Kong merchants and pays them the same proportion. After the goods arrive in Shenzhen, the buyer pays the remaining balance and picks up the goods. The key to buying and selling is to receive Chinese yuan and pay Hong Kong merchants in Hong Kong dollars or US dollars. The profit of the exhibition center comes from the ability to obtain foreign currency. To open such a sales center, one must first have an import license, and secondly, contact units with foreign exchange export revenue shares. In other words, without a certain government background and public relations capabilities, it is impossible to establish such a company.