The literal translation of the title of this movie is: The Fool's Experience.
This movie is a sequel of Son Opening a Hotel (Erzi Kai Dian) made a year earlier. Like Erzi Kai Dian, this movie is also a political propaganda that actually does some good, because it is a strong advocate of reform. What differs this movie from its predecessor is that its predecessor advocated the struggle of trying to open the privately owned hotel, while this one actually explores the problems and difficulties faced by entrepreneurs in operating the private business and gives a sympathetic view on these courageous early pioneers.
