ails the ability of independent innovation for local enterprises, but also bungled the best time for China's industrial development.
Further analysis is the post-war Japanese economy. Japan just took 18 years (1956 ~ 1973) for them to develop, the degrees of economic development are nearly the same with United States, enjoys first rank of per capita wealth in the world today. The first 30 years of China's reform and opening up, average annual GDP growth was equivalent to Japanese, but chinese national per capita wealth was less than a fraction of the United States. Where is Chinese wealth? It was swept away by transnational monopoly capital! China's stock market fell from 6124 high point to below 1700 points, hundreds of billions of dollars was ‘evaporated,’ transnational monopoly capital is the main beneficiary.
(Xin Xiangyang, 1999) Shanghai, Changchun has a number of skilled vehicles research teams in the past, but after introduction of German Volkswagen, their brands corrupted, research platforms disappeared, technological innovation failed, so that resulted purchase a production line, producing a number of cars; then purchased another production line, reproducing a group of cars. In continuous cycles of ‘introduce - backward - and reintroduce’, technical staff in China have been actual marginalized, they are hard to realize their dreams, past ‘winged steed’ or someone who expected to be the ‘winged steed’ involved in mediocrity, over times there have ‘no horses in China,’ lament. In the absence of core technology, we claim to ‘take advantages from foreign capital,’ but actually we were 'used by foreign investors.'
China as a manufacturing power country produces many a full range of commodities. As a result, China is rewarded the ‘world factory’ title. However, such a ‘world factory’ can not attract so much attention. (Li Yining, 2002) Since they are low grade, low process for OEM, China got hard-earned money round after round, many modern factories are in fact devices, that is, replace modern market value with natural, harmonious beautiful environment, healthy workers and other high quality resources; replace ‘printing papers’ with Washington head.
For Chinese entrepreneurs, the most effective way of sustainable development is to absorb and innovate with scientific development vision, speed up the pace of transformation and upgrading, fight back the best time for bungling industrial development in China.
Chapter Five: Discussion讨论
Opportunities and risks make entrepreneurs to increase awareness of potential dangers
30 years reform and opening up has trained a group of outstanding entrepreneurs. According to practice performance from China's state-owned enterprises reform, any successful enterprises with reform are all develop from small to big, enterprises with benefits increasing year after year have one thing in common, and that is a good leader and his team. This is a core competitiveness of enterprises. Such as Ni Runfeng from Changhong, Zhang Ruimin from Haier, etc. These entrepreneurs play a key role to enterprises development with their foresight and strategic thinking and correct management policy. However, such entrepreneurs in China are rare after all; their excellent foresight is only on behalf of the industry.
Three decades of reform journey afterwards is longer and more difficult, requiring a large number of mentioned outstanding
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