Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：25  发布时间：2026-01-25

In Shanghai, the first multinational automobile company to enter China achieved fruitful results. Volkswagen's Santana car was successfully assembled, and Shanghai Volkswagen announced the groundbreaking ceremony. German Chancellor Kohl and Chinese Chancellor Li Peng attended the grand groundbreaking ceremony. In the previous year, China's first self designed and produced car brand, the "Red Flag" sedan, quietly ceased production. This sedan was developed under the personal leadership of Premier Zhou Enlai at that time, and its appearance greatly stimulated the national pride of the Chinese people. It is considered a "milestone" for China's move towards industrial modernization. In 1984, we couldn't find this news article in the newspapers because it had too strong and meaningful implications, and no one wanted to amplify any of its meaning.

Some new joint ventures have also been established one after another. In Beijing, the newly established Four Links reached an agreement with Mitsui Co., Ltd. of Japan to develop a Chinese word processor. This typewriter, named "Four Links 2400," would become popular nationwide in the following years; In Nanjing, Nanqi signed a contract with Iveco from Italy to start producing cars under this brand; In Shanghai, the postal and telecommunications department and Alcatel Group jointly founded Shanghai Bell Telephone Equipment Company, which was the first Sino foreign joint venture in China to develop and produce program-controlled telephone exchanges.