Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：3  发布时间：2026-04-24

This trend had already developed very clearly by 1986. Compared with the rising trend of Lu Guanqiu, the weak competition of state-owned enterprises in the market has become an increasingly difficult fact to reverse. The most frequently used word in newspaper news this year is' joint venture '. Those mud legs from outside the city rushed into the city, buying idle machinery and equipment from state-owned factories at extremely low prices. They were moved into rough and unpainted factories, roaring day and night - similarly, state-owned factories that could receive national loan support are purchasing advanced foreign equipment in large quantities. More and more engineers are accepting private employment from farmers and factory managers. On weekends, they sit in their cars parked at their doorstep and roll up blueprints to go to work in the countryside. A more popular way is for township enterprises to reach joint venture agreements with state-owned enterprises, which can obtain technical assistance from the latter with a small amount of funds and use well-known brands that have been cultivated for many years.