Under the New Economic Policy, the status of East African state-owned enterprises had suffered a tremendous blow, with local state-owned enterprises affected most severely. As a result, many local state-owned enterprises had been forced onto the path of reform.
For poorly run enterprises, they either succeeded in reform or were eliminated by the times. Jiacu had been one of the successful ones. Not only had it not been crushed, it had gone a step further, swiftly becoming a renowned company in its industry and breaking out of New Frankfurt City to become a nationwide kitchenware manufacturer.
At present, Jiacu was seeking to further expand its market territory, and the East Africa World Expo happened to provide it with such a platform, saving it considerable effort.
Of course, successful cases like Jiacu were ultimately few. Most local state-owned enterprises, small in scale, lacking technical reserves, and poorly managed, either went bankrupt and were restructured or were directly liquidated by the East African government.
However, this did not affect the dominant position of East African state-owned enterprises in the national economy in the slightest. After all, the foundation remained stable. The seemingly fierce New Economic Policy had instead further optimized the healthy development of East Africa's state-owned economy. A bird in the hand was worth two in the bush; some state-owned "assets" also meant burdens.
Compared with private enterprises, the main force of this East Africa World Expo was undoubtedly the giants among East African state-owned enterprises, especially those involved in high-tech products.
At the city-center square before Sweat Palace, the exhibition area of East African automobile companies gave exhibitors from the vast Asia, Africa, and Latin America region and various countries an immense shock. All kinds of flashy vehicle models filled the square.
Prince Karls was also touring the auto exhibition