Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：1  发布时间：2026-03-01

Similar situations abound. Throughout Europe, it has become a trend for Chinese delegations to search for second-hand factory equipment with lists of desired items in their hands. For European companies, if these devices are not sold, they will either be destroyed or left unused. China is an extremely attractive trading partner because it always pays in cash. ”Chinese American economist Huang Yasheng's later research showed that "a large number of Japanese investors use second-hand machines, and Japanese companies cannot use these machines to make profits domestically." William Handing, a senior consultant at the United Nations who has been working in China for a long time, revealed in a book called "The Great Reversal" that "around 1985, insiders said that many bad trades were taking place. If a foreign company could not make the government accept the contract to purchase their products, they could go to provincial and municipal units to complete the unsuccessful transaction. In this way, they sold a large amount of inferior equipment and outdated technology to China. Due to their obsession with high technology, anything called high technology could sell well, even if it had no technical content or China already has better technology