Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：4  发布时间：2026-04-28

Afterwards, it was revealed that this support and joint venture were one of the important reasons for the rapid development of rural enterprises in coastal areas. The effects obtained by state-owned enterprises in joint ventures were ultimately proven to be only temporarily effective, while flexible private enterprises drew endless "blood" from this large and rigid "elephant". Years later, the joint venture township enterprises grew rapidly, while the state-owned enterprises that were drained of resources became even weaker, leading to the phenomenon of "sons eating their fathers" soon to emerge.

Supor Company, which will become a leading enterprise in the national cookware industry in the future, is a typical example. Shenyang Shuangxi Pressure Cooker Factory produced China's first pressure cooker in 1964 and has always been the largest professional factory in the country. Around 1986, Su Zengfu, the director of an agricultural machinery factory in Yuhuan County, Zhejiang Province, went north to find Shuangxi Factory. After exhausting his connections and words, he finally became one of Shuangxi's joint ventures. Su Zengfu recalled, "It was difficult at that time, but it was Shuangxi Factory that gave us the opportunity. We made some money by making accessories, and a few years later, we started making pressure cookers." The pressure cookers he produced were sold under the name of Shuangxi brand, and soon their sales greatly exceeded those of the Shenyang factory.