Guan Tongxian, the 78-yo former CEO of China's ZPMC, just stepped down voluntarily early this year. ZPMC was founded in 1992 by Guan and earned 75% overall worldwide port machinery market share in 2009 with $5 billion annual revenue. Guan's career is an evident proof that capitalism is way superior to communism.

In 1957, two years after graduation from college with mechanical engineering degree, Guan was banished to farmland in Beidahuang, China's Alaska, for his capitalism sympathy. He was accused of being right winger again during Cultural Revolution (1966-1976) and spent 10 years in jail. After Deng Xiaoping purged the Chinese Communist Party (CCP) of radical Maoists in a Coup d'etat in 1976, Guan was released and appointed as a technician then a junior official.

In early 1990's China's state-run enterprises had experienced severe difficulties. The whole China's port machinery industrial sector was about to file chapter 7-like bankruptcy. Post-Tiananmen Square doldrums CCP government stopped 3 years' irresolution and decided to terminate Soviet-style state-owned enterprises and convert them into western-style or modern corporations.

In 1992 Guan at age 60 started up ZPMC as a subsidiary company of his former employer, a state-owned enterprise. In ZPMC, primary actors are no longer CCP but professional managers, board of directors and shareholders.

Back in 1992 China's domestic port machinery market was dominated by foreign multinational companies such as Mitsubishi, Mitsu, Krupp, Nore, Samsung and Hyundai etc, while ZPMC, without any notable achievements, got only fourteen employees and $1 million startup funding from his former employer.

In the next 18 years, ZPMC demonstrates the world a miracle of capitalism by taking over 75% of global port machinery market. If right wingers in CCP failed to overturn those stupid radical communists and convert China into a de facto capitalistic country in 1976, today's China is probably another North Korea.
PS, Guan is very grateful to his "old Canadian friends", who awarded ZPMC its first foreign contract when every international customer was reluctant to buy container cranes from an unknown Chinese company. "We are always more than happy to provide best discounts to Canadian customers, and we really appreciate the precious opportunity of taking us to international market", Guan said.


ZPMC fabricated San Francisco bay bridge and transported it over Pacific Ocean to California