In 1975, toward the end of the Cultural Revolution, Xu Wenrong, the then-fortysomething secretary of the local branch of the Communist Party, hoping to lift local people out of destitution, took RMB3000 and started up a township enterprise-a small silk factory. Later he invested in magnetic materials, crossing over into the industrial sector.
1975 年文革末期，年屆不惑的橫店黨支部書記徐文榮，以 3,000 元人民幣創辦鄉鎮企業，開了一家小絲廠，希望帶領農民脫貧致富，之後又投資磁性材料，跨進工業領域。