Home / Video Tools: Save | Print | E-mail | Most Read | Comment
The 1980s: legend of wealth
Adjust font size:

The small partridge eggs made Liu Yonghao the richest man in the county. He was the first person in the village to buy a television, a washing machine and a refrigerator. People who wanted to buy such luxuries at the time had to rely on social networks. But Liu Yonghao wanted to go one step further, and buy himself a car.

Liu Yonghao said, "The Southwestern Auto Trading Company

was in charge of auto sales. They told me that distribution followed a certain index, which was decided by the provincial government."

As a special commodity, automobiles were bought and distributed by the government. Private purchase was unheard of. Even so, Liu Yonghao decided to try, and he wrote a letter to the provincial governor.

Liu Yonghao said, "I didn't expect Jiang Mingkuan, the governor, to agree.

But he did, and I became the first person in China to buy a private car."

In November 1986, the first private car in Shanghai had appeared. At the time private cars were mainly confined to the coastal areas, such as Zhejiang, Fujian and Guangdong.

Liu Yonghao visited the south in 1986. There he got a sense of how fast was the pace of reform.

Liu Yonghao said, "The Shenzhen Zengda Company sold pig food and chicken feed. Their pig food sold quite well. I went to their factory, visited their warehouse, and saw their production line and layout. I noticed their ingredients were similar to ours."

Chen Yuxin said, "We'd made a breakthrough in partridge and chicken feed. We were also researching pig food."

     1   2   3   4   5   6   7   8    


Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
Most popular >>
New TV series recreates A Dream of Red Mansions New TV series recreates A Dream of Red Mansions
Shanghai, Disney reach agreement to build theme park Shanghai, Disney reach agreement to build theme park
Masks bewitch Mexico inhabitants for centuries Masks bewitch Mexico inhabitants for centuries
12th Wuqiao Int'l Circus Festival opens in Hebei province 12th Wuqiao Int'l Circus Festival opens in Hebei province
Chinese Haute Couture hits catwalk Chinese Haute Couture hits catwalk
Recommended >>
E. China holds anti-terror drill for National Day
Penguins drilling for National Day 'mass parade'
Hainan: Ideal destination for vacation Hainan: Ideal destination for vacation
Venezuela crowns new beauty Venezuela crowns new beauty
Guangxi Zhuang Autonomous Region

Product Directory
China Search
Country Search
Hot Buys