Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：2  发布时间：2026-01-15

At that time, these companies were also considered "state-owned" or "collectively owned" in nature, but due to their new establishment - such as Lenovo, Vanke, etc., or imminent bankruptcy - such as Haier, Jianlibao, etc., they were not among the targets of government attention and therefore had a certain degree of autonomy. And it is precisely this pitiful autonomy that makes them stand out. In an era where everything requires "planning," they are one of the few who can control their own destiny.

If we say that the difficulties faced by Zhang Ruimin and Liu Chuanzhi are the inability to find projects and directions, while those old state-owned enterprises with abundant resources are troubled by the lack of freedom. This is almost a fate, as the system gradually becomes market-oriented, those old enterprises will be exhausted, their advantages and accumulations will gradually age and disappear, and eventually be eliminated by the times. At the beginning of the year, Deng Xiaoping's actions in the south made the whole country feel the determination to further expand reforms. Soon, breakthrough events occurred frequently in various fields, and the train of change that had been stagnant for more than two years quickly started again. On March 24th, the appeal letter "Please Loosen the Rules for Us" from 55 factory directors of Fujian's state-owned backbone enterprises was published in full in Fujian Daily, becoming the most sensational corporate event of the year.