Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：6  发布时间：2026-01-14

In Ronggui Town, Shunde, Guangdong Province, Panning, who only had a fourth grade education, used parts as molds, used soda bottles as test objects, and with simple tools such as hammers and files, as well as multimeters and other simple testing instruments, he created China's first two door refrigerator under very rudimentary conditions. That day, during a thunderstorm, he rushed into the heavy rain alone and cried loudly. In October, the Pearl River Refrigerator Factory was established. The brand of refrigerator is "Rongsheng". Pan Ning took the post of factory director, which is the predecessor of Kelon Company, which later dominated China's home appliance industry for more than ten years. Panning's refrigerator manufacturing relies on the support of Beijing Snowflake Refrigerator Co., Ltd. in terms of technology, and is funded by a trial production fee of 90000 yuan provided by the town government. Therefore, this factory has become a "township collective enterprise", and the ownership of this property ultimately determines the tragic fate of Kelon and Panning. ①②

These companies, born in 1984, will continue to shine in the future, but at that time, they were still very young and did not attract people's attention. They don't have much resources, and entrepreneurs look no different from ordinary people, scattered in some remote areas and corners. The industries they engage in are mostly related to people's daily needs, which is also a prerequisite for the rapid growth of enterprises. Compared to those old state-owned enterprises with a large amount of equipment, technology, talent, and capital, they are insignificant in any aspect, the only thing they have is freedom.