Sima Nan took the stage at a lecture event held in Beijing, performing tricks of qigong and supernatural powers and then revealing the secrets behind them, using this to reinvent himself as an exposé of pseudoscience.
All for the Winner, starring Stephen Chow, was released. The film's box office far outpaced several big-budget productions that year, and Stephen Chow thereby became a major box office draw in the Hong Kong film industry.
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.
The restructuring of state-owned enterprises led by Zhu Rongji officially recorded 28 million workers laid off in just six years; in total, about 60 million jobs disappeared from the state sector, including public sector positions. The northeast region was hit hardest, with its share of GDP falling from about 10% to 4.6%.
In the 1990s, Japan's real estate and stock market bubble burst. According to Nomura Research Institute estimates, roughly $9.3 trillion in national wealth evaporated between 1990 and 2002, and the unemployment rate rose gradually after 1992.
In the 1990s, Hainan's land speculation activities were rectified, and Zhu Rongji was credited with halting related land speculation.
In the 1990s, when Bo Xilai was mayor of Dalian, Xi Jinping made a special visit to learn about city management experience; Bo Xilai shared the trick of “speculative land buying” and predicted that the two would eventually become enemies.
According to the host's account, a northern woman unable to make a living received 200,000 yuan in Beijing and was arranged to accompany an African president for three days, of which 100,000 yuan was taken by a middleman.
According to the video, after receiving a capital injection, Three Gorges Bank was allegedly used for stock trading, which later resulted in losses; some of the people involved fled overseas and others were arrested.