The state-owned sector's push for "grasping the large and letting go of the small" and the buyout of employees' seniority led to about 40 million workers in state-owned and collective enterprises losing their jobs; the breakdown of the social contract triggered serious social and economic problems.
Evidence EVIDENCE
Sources 2 · Archived 0
SourceTypeReliabilityLink
一个狠人
2026-09-26 07:48 · 一个狠人 发布了新视频：朱鎔基走了，全網懷念？2700億空轉整容銀行，1.4萬億壞賬只收回17%，4000萬人下崗，買斷工齡集體賴賬！習近平化債抄他1999年作業，只是分母沒了，割韭菜的鐮刀全是朱鎔基牌的
Media
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中国数字时代：国企改革
2026-10-06 01:34 · 中国的国企改革造成了几千万国企职工下岗失业。
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Context CONTEXT
Cause
Not recorded yet
This event
State-Owned Enterprise Reform and the Layoff Wave of Tens of Millions of Workers
1997 · Reported
Effect
2026.09
·Reported
·Importance II
·China
Coverage of this event COVERAGE