Unveiling the Secrets of Teenage Tycoons: Instilled with the Belief to Earn Money for the Family from a Young Age

by jiayu65 on 2008-03-11 22:58:00

This year marks the 30th anniversary of reform and opening-up. Thirty years ago, China's first generation of private entrepreneurs started to step onto the economic stage one after another, creating legends of wealth creation. Thirty years later, many from this group of private entrepreneurs are now stepping back into the shadows, handing over their wealth to the next generation. In this unprecedented transfer of wealth, how will these private entrepreneurs break the curse of "wealth not lasting beyond three generations" and strive to make their businesses last for a hundred years? Today, let's take a look at Zhejiang, where the private economy is well-developed. In Cixi, Zhejiang, Yu Xuehui, only 31 years old, is the chairman of this electrical appliances company with over a thousand employees. According to him and his family, it seems that...