After being criticized 39 years ago by the North's "Great Growth Enterprise", on August 3, 1986 (Lunar Calendar, June 28, 1986), the first enterprise declared bankruptcy after the founding of Shenyang People's Government! After the Shenyang Anti-explosive Machinery Factory bankruptcy, the manufacturer fell into meditation in the early 1950s, after the completion of the socialist transformation, the private enterprise ceased to exist, the state implemented the collective control of enterprises, and the bankruptcy system no longer existed. On August 3, 1986, at the news conference held in Shenyang City People's Government, it was the country's first official announcement of the bankruptcy, the socialist enterprise's traditional understanding of the problem of the absence of collapse announced for ten years