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 ind
In: Other Items from Liveleakers
Tags: zpmc, china, port machinery, container crane, guan tongxian, capitalism, communism
Location: China (load item map)
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