Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：5  发布时间：2026-02-26

The import and resale of other goods have also not stopped. From January to September 1988, around 20000 video recorders were imported through customs, while over 330000 were actually imported into China. Xinhua News Agency reporters went to the two largest state-owned shopping malls in Beijing to investigate, and found that the vast majority of the video recorders sold were smuggled goods from Guangdong, some of which were second-hand or even third hand goods. Taking color photo paper as an example, in the first half of 1989, the five special zones introduced 40 million US dollars, accounting for one-third of the national consumption, of which more than 80% flowed into the mainland through gray channels. In 1988, according to customs statistics, the value of imported consumer goods in China was 1.3 billion US dollars. Xinhua News Agency's later commentary was, "Any discerning reader who goes around the market will come back and say, 'It's not right. It won't be more than double.' In 1995, 549000 imported color TVs came in through normal foreign trade channels, while the actual sales volume in the market was 5 million.

From the perspective of annual observation, the crazy Hainan car incident is not an isolated example. On the contrary, a device introduction craze that was no less intense than it was was happening throughout the country at that time.