Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：0  发布时间：2026-03-02

The equipment import boom that occurred across the country had a huge impact on the development of Chinese companies in the future. It has quickly revived many old enterprises with outdated equipment and lack of product competitiveness, allowing them to enter the booming consumer goods market at the fastest speed. We will see that those star companies that will dominate the market in the future are all active participants in introducing production lines back then. According to the Economic Daily, popular refrigerator brands in the Beijing market this year include Guangzhou's Wanbao, Suzhou's Xiangxuehai, Jiaxing's Yiyou, and Tianjin's Bingfeng; The washing machines include narcissus from Shanghai, Wuyang from Guangzhou, Wave from Dalian, goldfish from Hangzhou, lotus from Wuhan, gentleman's orchid from Changchun, and double gull from Baoji. They are the first batch of famous brand products in China's home appliance industry, and without exception, they are all state-owned enterprises that introduced foreign production lines earliest.

At the same time, the lack of planning and order in the introduction of hot topics has also caused great waste and loss of control in industry regulation.

One of its problems is the greed for large and foreign countries, which is not in line with the national conditions. A steel rolling mill in Wuhan has introduced equipment worth millions of dollars, which has been idle for a long time due to power issues; Sichuan spent 800 million yuan to import a complete set of Vinilon production equipment from Japan. After completion, it was found that the natural gas supply could not be solved. Even if all the natural gas from Chongqing Steel Plant was moved there, it was not enough to maintain half of the operation. Daqing Fertilizer Plant introduced an American production line and reduced the original 1520 employees to 315. However, management problems emerged one after another, and the quality of skilled workers could not guarantee professional cooperation. Two years later, they had to "change back".