Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：3  发布时间：2026-05-08

The tempting investment and high returns have made the leaders of the association the god of wealth in the eyes of the villagers. An "impossible game" has been ignited in full swing under the collective drive of luck, fanaticism, and conformity. A woman named Ye Sanfeng in Cangnan can earn a net income of 1.2 million yuan per month. In Yueqing, there are 1346 associations of various sizes, with the largest association having 12122 members. From 1985 to early 1987, 300000 people from nine counties and two districts in Wenzhou were involved, with a total amount of 1.2 billion yuan in donations. The benefit ratio that is simply impossible to achieve naturally leads to the development of new members at a geometric rate as the only means to sustain it. At that time, the craziest way to develop members was the so-called "short meetings": joining paid 12000 yuan, returning 9000 yuan to members in the second month, and another 9000 yuan in the third month, with both principal and interest settled. Although the guild leader will lose 6000 yuan, it can be used to lure more people to join. During the peak of the lifting ceremony, almost all local officials were involved, and in some places, official meetings were even established specifically for officials. Joining the association does not require payment, but requires receiving payment first and returning a small amount after three months. This will be divided into three types: 100000 yuan, 50000 yuan, and 10000 yuan, depending on the size of the cadre.