Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：19  发布时间：2026-01-27

Long term monopoly operation has turned this great company into a giant with muddy feet. At that time, Panasonic phones produced in Japan were priced at only $20, while AT&T phones had a manufacturing cost of $20 and maintenance costs as high as $60. Starting from January 1st, Bell Corporation's 22 subsidiaries located across the United States were spun off and restructured into seven independently operated companies. This is a landmark event that broke the long-standing monopoly of the US telecommunications industry and loosened the ties of the giant AT&T. In the long run, it has completely activated the growth of electronic business and provided broad market space for the breakthrough of Internet technology. The reason why we need to describe this period of history in a certain length in a history of Chinese enterprises is because it provides reference for the reform of Chinese state-owned enterprises, especially those monopolistic companies, in the future. In future sections, we will also describe the gradual transformation of these companies. When we evaluate its gains and losses, AT&T is undoubtedly a case worth referencing.