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The basic situation of merchant groups in the Republic of China
At the beginning of the 20th century, with the arrival of the late Qing Dynasty and the early Republic of China, the market economy in China has undergone earth-shaking changes. Similar to the market evolution in other countries, China's market economy also started from the elites in major cities!

During this period, a large number of famous entrepreneurs emerged in China, some of whom inherited the glory of their predecessors, such as the shining Rong family, but some new entrepreneurs seized the opportunity and fought bravely. At their worst, they even have great influence on the relevant decisions of the government. Most of these entrepreneurs come from industry, and they have strong patriotic feelings, which have made great contributions to the institutionalization of enterprises in China and to the industry, commerce and transportation in China.

Their situation and destiny, struggle and compromise, innovation and contribution in that complicated and turbulent era: In just half a century, they founded the local tradition of entrepreneurship in China, introduced advanced scientific management methods from the west, promoted the modernization process of China, and created an era of national industrial and commercial prosperity that was almost miraculous! They could not resist the torrent of history and eventually dissipated, but left us with the most precious spiritual wealth and tradition.