Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：5  发布时间：2026-05-21

Later, it was discovered that over 80% of the leaders of the Wenzhou Carrying Association were rural women like Zheng Lefen, who had low educational levels or were even illiterate. Zheng Later described the scene in his testimony, saying, "When the money was received, it was first placed at both ends of the wall. Within two hours, the money from both ends was tied together. The whole wall was filled with money in the morning, and by evening, a room was already full of money. It was impossible to insert one's foot into it. Only the gatekeeper militia raised bayonets to guard the door, but the people refused to disperse. They shouted to join the gang and threw a large stack of money in. The militia used bayonets to make them retreat

The scale of the association led by Zheng Lefen was considered moderate at the time. She recruited 427 members and earned a total of 62 million yuan in membership fees, with 60.1 million yuan paid to members. The difference between income and expenditure was 1.896 million yuan. Zheng Lefen used this money to build a three story brick house and lent some to her neighbors and friends.

In the spring of 1986, there were signs of the chain breaking and collapsing, and panic spread like a plague in various towns and villages. On March 23, Zheng Lefen and his wife fled. On April 30, Cai surrendered to the public security organs in Shanghai. On July 16, Zheng was arrested by the public security organs in Jintan County, Jiangsu Province.