Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：6  发布时间：2026-02-11

It was a scorching summer, and cars flooded into Hainan Island like a tide, all parked inside and outside Haikou City, densely packed and endless, colorful and shining in the sunshine, forming a magnificent scene. The Administration for Industry and Commerce actively handles the "fine release" procedures for buyers from all over the country. With a fine of only four to five thousand yuan and an official seal, this car can be loaded onto a ship and shipped out of the island with dignity. In the midst of this, corruption, bribery, accepting bribes, and embezzlement, all criminal activities are openly carried out in the sunshine. After the investigation, in just six months, Hainan has signed a total of 89000 clearance permits for imported cars, ordered more than 70000 cars from outside, and issued more than 50000 letters of credit. The total amount of foreign exchange used for imports is as high as 300 million US dollars.

In September, a large number of imported cars in Hainan attracted the attention of the central government, and the State Council sent people to investigate. The reported materials of the Hainan administrative region government were significantly different from the actual situation: "Firstly, all cars imported in Hainan were sold on the island (all car invoices were stamped with the words' only for use on the island 'and' not allowed to leave the island ', which is a fact). Secondly, the number of cars that have already arrived is less than 15000 (which is also a fact, but the reported materials did not mention the tens of thousands of cars that have been shipped and are heading towards Hainan).