Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：2  发布时间：2026-03-04

Secondly, blind introduction leads to low utilization rate. According to a report by Guangming Daily, in 1987, Wuhan conducted a census on the introduction work and found that 87 enterprises in the city had a total of 911 equipment worth 51 million yuan, which had been vacant for a long time, and some had not even opened their packaging boxes. On December 15, 1987, Business Week estimated that the value of idle equipment in Chinese factories was about 20 billion yuan, with a significant portion being imported equipment from two years ago.

Thirdly, there are too many complete sets of equipment and too few technical introductions. According to the statistics of scholars at that time, in the heat of introduction, complete sets of equipment accounted for 80%, individual equipment accounted for 17%, while technology introduction, which was regarded as the top target, only accounted for 3%. After the introduction of many devices, the production of required components and equipment maintenance still rely entirely on foreign companies.

The fourth issue is the repeated introduction and lack of planning. Around 1985, Shanghai introduced a total of 12 color TV production lines. Two years later, only 7 were in operation, while the rest were idle and scrapped. This phenomenon is ubiquitous in various industries and regions. On May 17th of that year, the Economic Reference Daily published a survey on the front page of China's automobile industry company, which found that there was a serious situation of blind distribution and repeated introduction in the automobile industry. According to the industry management company's calculation, the annual sales volume of automobiles in the country was around 900000 by 1990. From the current introduction situation, the annual production of automobiles in the country will reach 2 million by then. In addition, there are also phenomena such as blind introduction of assembled parts, multiple introductions of the same technology, complex and repetitive introduction projects, and lack of cooperation and matching. In some regions, in order to facilitate self approval of projects, they even adopted a fragmented approach, causing some large projects to be launched in batches, leading to a situation of uncontrolled introduction.