Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：3  发布时间：2026-02-03

1985 Unrestrained Carnival

Follow your heart,

Grasp Dream's hand tightly,

The footsteps are getting lighter and happier.

——Su Rui: "Follow the Feeling", 1985

Starting from June 1984, Hainan Island, which had been isolated overseas for a hundred years, suddenly became a hot land of turmoil. Sensitive businessmen from all over China rushed there with their wallets in hand. A once-in-a-century money carnival was unfolding there, and the drama would last for six months before ending tragically.

At that time, Hainan Island was still under the jurisdiction of Guangdong Province. After Deng Xiaoping's southern tour in January 1984, the central government decided to open up 14 coastal cities, and Hainan, adjacent to Hong Kong and Shenzhen, naturally became a key area for opening up. At that time, Lei Yu, the Party Secretary and Director of the Hainan Administrative Region, was so excited that he couldn't sleep at night. He later recalled that he had calculated a detailed account at that time, "If Hainan Island wants to develop, it must have primitive accumulation. What does it rely on? Relying on the central government? It is important, but not enough. Relying on foreign aid? Impossible. One quick way is to borrow arrows from a straw boat