Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：2  发布时间：2026-03-13

From a macro perspective, the Chinese economy continued to overheat in 1985. This is related to the monetary policy of the central government at that time. In October of the previous year, when planning the credit scale for 1985, the State Council announced that the borrowing base for the next year would be based on the year-end figures of that year. So, various specialized banks rushed to issue loans in order to compete for the credit base, resulting in a sharp increase in the national credit fund. Banks printed money day and night, and later announced the printing of an additional 8 billion yuan. It should be noted that in 1983, the total amount of money injection in the country was only 9.066 billion yuan.

The continuous creation of enterprises and the increasing demand for consumption have led to an increasingly severe shortage of means of production. It should be pointed out that China has been in a state of resource shortage since the first day of reform and opening up, which is the only unchanged state in 30 years. And the corresponding policies for this state can reveal the growth trajectory and internal logic of this reform. Compared with those seamless private companies, state-owned enterprises obviously have much weaker initiative and ability to compete for production materials. Therefore, the think tanks of the State Council creatively came up with a "dual track pricing system". In early 1985, the government announced the lifting of restrictions on the prices of unplanned self sold products by enterprises, and declared the formal formation of the "dual track pricing system" for means of production.