Rong family

Author: Chen Zhongyi
Publisher:
Publish Date: 2005-01-01
Features: In old China, the Rong brothers, Rong Zongjie and Rong Desheng, started their business on Shanghai's waterfront and rose from hardship. In just a few years, they established 24 large factories, dominated the business world, and were renowned as the "King of Flour" and the "King of Cotton Yarn," gaining fame both at home and abroad. The legend of the Rong family began. In the chorus of the new China's victory, Rong Desheng and Rong Yiren, father and son, remained on the mainland. The Rong family's business went from a low point to a high point, entered the socialist ranks through the public-private partnership, and added a brilliant touch to the family's legend with a perfect ending. Rong Yiren was therefore hailed as the "Red Capitalist." In the new era of reform and opening up, Rong Yi...