The Year 1979 in My Life

Summary

The passage discusses China's manufacturing strategy in the late 20th century, focusing on developing light industrial exports through aggressive pricing and workforce determination. Li He and Yu De Hua strategize about creating a competitive manufacturing sector by leveraging cheap labor, forming industry federations, and gradually upgrading technological capabilities. They aim to break international market monopolies through low-cost production, believing that China can transform its manufacturing from basic to advanced by enduring hardship, collaborating across industries, and systematically improving product quality and technological infrastructure.

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