Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：49  发布时间：2025-12-17

Wang Shi at the Establishment Conference of Shenzhen Modern Science and Education Instrument Exhibition Center

Surprisingly, although this currency exchange game is very active, national laws have always turned a blind eye to it, without necessary definition and regulation, and even in terms of the nature of the behavior, it is ambiguous, leaving great room for mediation and ambiguity. According to Wang Shi's recollection, around 1984, governments across the country launched a heat wave of office facility renovation, with a large amount of imported equipment flowing from Shenzhen. Many companies made a lot of money from this import boom, and some trading companies even rented military cargo planes to transport goods to Beijing by air, forming a competitive situation with the advantage of transportation and delivery speed. In early 1985, Wang Shi was involved in a $40 million foreign exchange case. The business approach of this case was no different from the above process, but due to uneven distribution of benefits, it attracted the attention of central departments and became one of the major cases of foreign exchange evasion in the country. Due to the involvement of military companies, the Central Commission for Discipline Inspection and the Military Commission for Discipline Inspection respectively dispatched two investigation teams to conduct investigations southward. According to the laws at that time, there was almost no clear explanation of what was meant by "foreign exchange evasion" in terms of articles. The trade fair center participated in the reverse exchange business with formal procedures, from bank remittance to import approval documents. Finally, the investigation team was unable to determine whether this behavior was illegal, so it had to focus on whether there was bribery in the process of these foreign exchange transfer contracts. According to Wang Shi's future recollection, 'As time passed, the case faded away.'.