Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：2  发布时间：2026-05-09

This crazy game has been played for over a year with the complete failure of government management. By the spring and summer of 1986, there were signs of a broken financial chain, and news of guild leaders fleeing emerged in various regions. Soon, the situation took a sharp turn for the worse, and extreme excitement immediately turned into extreme panic, causing the guild system to collapse in an instant. Throughout the autumn, the Wenzhou area was plunged into unprecedented chaos, with thousands of debt collectors rushing frantically towards the homes of the leaders. Dozens of debt collectors in Cangnan rushed to the homeowner's house with explosive bags, forcing him to hand over the money, otherwise they would all perish together; Two guild leaders in Pingyang were caught by debt collectors, hung and tied to pillars, nailed to their fingers with bamboo sticks, welded and burned their chests with iron pliers, and tortured for three days and three nights, resulting in the death of the prisoners; Hundreds of primary schools have been forced to suspend classes because students are often taken hostage by debt collectors on the road. In just three months, 63 people committed suicide, 200 fled, nearly 1000 were illegally detained, and over 80000 families went bankrupt in Wenzhou city.