Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：5  发布时间：2026-03-29

Zhang Xingrang's reform once revived his factory, becoming a "specimen" of state-owned enterprise reform. However, in the increasingly fierce market competition, this reform that does not involve fundamental property rights clearly cannot give the enterprise real vitality. Zhang Xingrang and his factory were once again in trouble after 1992. On New Year's Day 2000, exhausted Zhang Xingrang announced that all 1090 workers were laid off and the company no longer existed. Later on, Grich visited China multiple times and was warmly welcomed by government officials each time. However

He did not truly understand the future fate of the Wuhan Diesel Engine Factory, which he had devoted all his efforts to. In 1993, the company suffered losses and was completely shut down in 1998. His last visit to Wuhan was in June 2000, when he was already 80 years old. In the last few years of his life, his Chinese friends never dared to tell him the truth about Wuhan Diesel Engine Factory, fearing that he would not be able to accept this reality psychologically. On April 17, 2003, Griech passed away at his home in Germany. On this day two years later, the Wuhan Municipal Government erected a 2.78-meter-high bronze statue in the center of the Hanzheng Street Industrial Zone Square in the bustling city center, with the inscription "Werner Grich" on it. He will stand there for a long time, like a myth that has declined and is occasionally mentioned.