Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：1  发布时间：2026-05-13

In 1986, there were many things that could be commemorated, such as the 100th anniversary of the construction of the Statue of Liberty in the United States and the 100th anniversary of the invention of automobiles by Germans. Various forms of celebrations were held around the world.

On January 28th, the American spacecraft Challenger took off, marking the first live broadcast of the spacecraft's launch on television. Hundreds of millions of people were shocked to witness the unexpected explosion of the Challenger. In his subsequent speech, the US President firmly stated, "In the process of expanding human activities, such painful events are inevitable, but the future does not belong to cowards, it belongs to heroes." Three months later, a nuclear power plant leak occurred in the Soviet Union.

In business history, there is another significant event that must be recorded. Faced with the aggressive Japanese companies, Americans not only sought countermeasures in the high-tech industry, but also launched a fierce counterattack in monetary policy. They joined forces with the finance ministers of seven Western countries to forcefully demand the appreciation of the yen. This action began in 1985, with the first announcement of a 25% depreciation of the US dollar against the yen. In the early months of 1986, the yen appreciated by 40%, and by 1988, it had risen by 86%, ultimately forming the "super yen" bubble.