In the summer of 1986, the economic hard landing predicted by He Haifeng finally happened.

At that time, China was in a period of transition between the old and new systems. On the one hand, the state has relaxed its jurisdiction over local governments, allowing them to have powers in investment, foreign trade, labor and employment, etc. On the other hand, local governments have not yet become completely independent economic entities, and one of the most prominent features is that they lack budgetary constraints, and no matter how much money is spent, the central government will ultimately have to pay for it.

With the right to invest and no budgetary constraints, local investment tends to be infinitely large in economic theory. In China in 1985, this was exactly the case. Local governments are racing to launch various projects, and the concept of "lack of money" does not exist in the minds of local officials. Banks are subject to the local government, and they dare not disobey the instructions of the magistrates, so they do not hesitate to continue to lend to the local government in the form of overdrafts, resulting in investment far beyond the economic can afford.

He Haifeng once told Lin Zhenhua that some scholars have put forward the idea of a soft landing, hoping that under the leadership of the central government, local governments can take the initiative to reduce the scale of infrastructure construction and gradually restore the economy to a normal state. But in fact, this assumption is just a utopian dream, and no local government wants to be the main one who is wronged, and everyone wants others to compress it, so that they can benefit from it. When all people think in this way, the famous prisoner's paradox in economics emerges, and the result is that the entire economy continues to rise in heat until it collapses.

The reason for the collapse of the economy is very simple, and that is the constraint of resources. Budgets can be infinite without constraints, but these budgets must eventually be turned into steel and cement for construction. When these supplies could not be secured, the huge infrastructure had to be stopped. At this time, prices in the market were soaring, there was a serious shortage of foreign exchange, and some enterprises were unable to produce due to lack of raw materials, resulting in serious losses, and the entire national economy was in a difficult situation.

At a time when other enterprises are facing serious difficulties, Hanhua Heavy Industries has shown its vitality almost like a standout.

Hanhua Home Furnishing Company focuses on sports bicycles and continues to maintain a hot sales trend in the international market. In the case of tight supply of domestic raw materials, Lin Zhenhua adopted the method of supporting businessmen through business, and used the foreign exchange obtained from export products to purchase raw materials from abroad to ensure the smooth progress of production.

The production of export equipment of Hanhua Chemical Equipment Co., Ltd. is also progressing very smoothly, and in all parts of Asia, Africa and Latin America, Hanhua Heavy Industry has rolled out six or seven construction sites at the same time, and a ship's equipment has drifted across the ocean to earn a lot of profits. Due to the demonstration effect of these projects, some follow-up projects have also arrived one after another, forming a virtuous circle.

One of the side effects of the large number of businesses is that the staff at the sales office are very busy. Chu Hongyang and Schumann flew around the world all day long, signing contracts with merchants from all over the world, so that they didn't even have time to give birth. Chu Hongyang's parents complained about Lin Zhenhua a lot about this.

More than 100 kinds of machine tool accessories produced by the machine tool company have been quite famous in the international community and have been included in the list of recommended accessories of dozens of well-known machine tool companies. Hu Fei has built a set of quality management system for the machine tool company, which has brought the product quality of machine tool accessories to a new level.

Qiao Hai got a large number of scrap machine tools and electrical appliances from Germany, and re-entered the market after the refurbishment of the scrap metal recycling company. These old pieces of equipment bought for a few hundred dollars can be sold for thousands or even tens of thousands of dollars with a little repair, and the profit margin is amazingly high. Qiao Hai himself also made a lot of money, and he was secretly happy in his heart when he had nothing to do.

While the business continues to develop, the team of Hanhua Heavy Industries is also expanding.

The joining of Xiang Zhe, Hu Fei and others opened the door for returnees to enter Hanhua Heavy Industry. Influenced by the demonstration effect of Xiang Zhe and others, many returned talents who were depressed in the unit resigned from their original units or left their jobs without pay and came to Xunyang, an inconspicuous small city, to become a member of Hanhua Heavy Industry.

These people's academic qualifications are so brilliant that if you don't have a dual master's degree from Massachusetts or Yale, you're embarrassed to show off. In the factory area of Hanhua Heavy Industry, English, Japanese, French, German, Spanish, and Italian can be heard. Compared with the previous two years, today's college students are more open-minded, and they look at issues such as the establishment more lightly, what they need is just a world that allows them to play a role, of course, the preferential treatment promised by Hanhua Heavy Industries is also very attractive.

With the increase of technical talents, Lin Zhenhua merged Wei Dongqi's technical department with Wei Jingwen's electronics research institute to establish the Hanhua Research Institute to manage all the technical work of Hanhua Heavy Industries. Wei Dongqi served as the dean, Wei Jingwen and Fan Shibin served as the vice presidents, and Ma Jie, Fang Yanwu, Xu Wei and others served as the directors of different research laboratories, each with a very spectacular team.

The research and development of several flagship products such as 400,000 tons of large fertilizer equipment and household refrigerator compressors have been vigorously carried out, and breakthroughs have been made in several key links. The research of new materials and new processes has also been done impressively, and various patents have sprung up in the land of Xunyang. Following the Department of Mechanical Engineering, the Department of Chemical Engineering, the Department of Precision Instruments, and the Department of Electronic Engineering of Huaqing University have listed Hanhua Heavy Industries as their students' internship bases, and the cooperation projects between the two sides have been signed for up to 10 years.

In terms of management, Xiang Zhe, Hu Fei and others began to emerge. They brought international management tools and formulated a series of rules and regulations for GCA Heavy Industries. The management of the entire company's personnel, property, production, supply and marketing has become orderly, and it is no longer the state of management by feeling in the past.

It should be said that the parachuting of this international management team was not all smooth sailing. When Xiang Zhe and others just began to enter the management team, their management philosophy had a serious conflict with old people such as Xie Chunyan, Zhu Tiejun, and Lang Dong.

Fortunately, there is such a figure as Lin Zhenhua in Hanhua Heavy Industries, who has been fully trusted by the older generation, and at the same time can communicate with the younger generation on an equal footing. Every time the two sides were at a stalemate, it was Lin Zhenhua who came forward to mediate, and finally let the two sides understand each other's opinions in order to achieve ideological unity.

I don't know how many times such a collision has passed, and the run-in between the two generations of managers has achieved initial results. The most obvious evidence is that foreign words such as "QC" and "PR" pop out of Zhu Tiejun's mouth from time to time, and Xiang Zhe also began to use Zhu Tiejun's mantra to say some swear words such as nonsense and playing the piano indiscriminately. There is another thing that is more romantic, that is, some people say that Zhu Tiejun's daughter Zhu Xia and Hu Fei began to look at each other, and it is said that Zhu Tiejun is quite satisfied with this matter.

The problem of labor shortage, with the joining of a large number of migrant workers, has been greatly alleviated. More than 1,000 young girls and boys recruited from various poor ravines have become a new force of Hanhua Heavy Industry. The company arranged a dormitory for four people, equipped with various facilities such as a canteen, a bathroom, and a cultural activity room. These peasant children felt as if they had almost ascended to heaven in one step.

All migrant workers are first placed in non-skilled positions, such as handling, packaging, and disposal of waste equipment. After they finish work every day, they will go to Hanhua Technical School to receive two hours of technical training, Lin Zhenhua promised them that they will be graded after one year, and those who have reached a certain technical level will be transferred to technicians, and their treatment and development prospects will be unlimited.

Around Hanhua Heavy Industry, hundreds of supporting enterprises have settled down, and the cooperative relationship between them and Hanhua Heavy Industry has been stabilized. In the context of the overall economic situation in China, as a supporting factory of Hanhua Heavy Industry, it is still very moisturized. Hanhua Heavy Industries has sufficient orders, timely payment, and fair handling of staff, which make the operators of supporting enterprises secretly congratulate themselves on taking the right move.

After the supporting enterprises settled down, small shops, small restaurants, and small vegetable farms also appeared. Some of the people engaged in these small businesses are the surrounding farmers, and some are family members of the enterprises. At night, this industrial zone located on the outskirts of Xunyang City actually had some bright lights, which Hong Yu'an and other leaders of Xunyang City did not expect.

Under the impetus of Lin Zhenhua, several private dance halls were also set up in the industrial zone, and karaoke was introduced that had not yet appeared in Chinese mainland at that time. This time, not only young people in Xunyang urban area flock to it, but even some young people in Nandu have taken the train to experience this popular fashion. During that time, in Xunyang, the most honorable treatment for receiving guests was to invite guests to sing karaoke in the industrial zone.

Lin Zhenhua himself has no interest in this kind of business, but he advanced money to help the wife of Han Tao, deputy director of the Xunyang Public Security Bureau, open a song hall. The business of the song hall was extremely hot, and Mrs. Han returned all the investment of more than 300,000 yuan within a year. A few years later, Mrs. Han's entertainment city opened in Wuhan, Nanjing, and Shanghai, becoming an entertainment overlord, which is what another book will write about.

In this year, there are two other things related to Lin Zhenhua personally. First, my sister Xiaofang graduated from university, and under Lin Zhenhua's arrangement, she traveled across the ocean to study in the United States. The other is that his fiancée Yang Xin also graduated from Nandu University and returned to Hanhua Heavy Industries and was arranged to work in the production department. She graduated with a bachelor's degree in business management and has experience in workshop work, so she can be regarded as a person who works in the production department.

Everything went very well, but Lin Zhenhua's restless heart sprouted again. After receiving a letter from southern Sudan, he took Xiang Zhe and Wei Dongqi with him and embarked on the train to the north.

The oil refinery project of the Siya tribe in southern Sudan is about to be put into operation......