Rebirth of the Wild Age

These days, the leaders of the United States, the European Union, Japan, and major Asian countries all pray to the Chinese economy before going to bed. The world is gradually being blocked by China's huge capital power secured by cheap labor, raw material demand, and foreign investment. Once the Chinese bubble bursts, all bubbles in the world will burst together. "—Excerpt from the New York Times, May 2004.

When Song Weiyang returned to China, the "China Economic Collapse Theory" was once again rampant.

It’s funny that this time it’s not that Western economists deliberately criticized China, but that they really believed that China’s economic bubble was about to burst. Moreover, everyone is praying for the Chinese economy, hoping that China can continue to survive, as the New York Times said, the world has been locked in by China.

Once the Chinese economy collapses, it will immediately trigger a global economic crisis!

The South Korean government convened consecutive emergency meetings in May to analyze the possible impact of China’s “swing on the brakes” on South Korea. The results of the discussion at the meeting were scary, because 18% of South Korea’s total exports and 88% of its trade surplus came from the Chinese market. Once the Chinese economy collapses, South Korea will face worse conditions than during the Asian financial turmoil.

Federal Reserve Chairman Greenspan said in a speech in the U.S. Senate: "If there is a problem in China, it will have a huge impact on Southeast Asian economies and Japan, and indirectly on us."

In a word, the whole world is scared by China, and sincerely wishes China's economy will get better.

As for why domestic and foreign scholars are afraid, it is because China's investment has been overheated in the past two years, and it has been hot enough to boil water. Last year, the total investment in China's steel industry increased by 96% year-on-year; the investment in the electrolytic aluminum industry increased by 92.9% year-on-year; the investment in the cement industry increased by 121.9% year-on-year...... These are completely disorderly and blind investment. If not contained, it will be extremely bad. Impact.

Including the real estate industry, they are all targeted by the central government. The real estate winter is coming, and the house prices of the two villas that Song Weiyang bought last year dropped by at least 20% in an instant!

The Chinese stock market, which was about to die, directly ushered in an "avalanche", and the Delong series and other big market makers have declared their demise one after another. In the past two years, Guo Guangchang, who has been obsessed with capital operations, has been on the verge of collapse in his capital chain, and the entire Fosun system has been included in the bank's list of "precautionary loans".

Those private enterprises that tried to enter the upper reaches of the monopoly industry were almost wiped out in this storm. Including Song Weiyang's investment in aluminum power projects with members of the Taurus Club, was also urgently stopped by the central government. Liu Yonghang was anxious all day like an ant on the side of a pot, asking people to let him go.

In fact, Liu Yonghang's aluminum power project was divided into several small projects, and only the electrolytic aluminum project was actually stopped. The alumina project not only has not overheated, but is urgently needed and in short supply in the market, and a large amount of imports are needed every year. But this is the monopoly business of Chinalco Group. This time it was also affected, and it has been in a state of "suspended production under investigation".

After Song Weiyang returned to China, he was immediately taken by Liu Yonghang and flew to the capital. The two of them ran a lot of roads in a row, and they were both told not to move around for the time being.

Fortunately, the project funds are all self-raised. If it comes from bank loans, the billions of investment will all be in vain. Only Guo Guangchang was miserable, because he also invested tens of millions in it, and it was from the stock market, Song Weiyang quickly mobilized funds to help him repair the hole.

In the eyes of the members of the Taurus, Song Weiyang miscalculated this time. Who could have expected that the government would suddenly "slam on the brakes"?

But Song Weiyang said that it didn't matter, because the electrolytic aluminum project that was stopped was the second phase of the project, and the plant had just been repaired before it could be put into operation, and everyone didn't have much money to invest in it. Strictly speaking, the first phase of the alumina project "under investigation" is not the target of the brakes. When the gust of wind passes and the momentum of overheating investment is suppressed, we can find a way to resume production, and we can also lie down when the time comes. Counting money-at least before 2008, it was a profiteering industry.

Private capital complained about "stepping on the brakes," but the central government had nothing to do. After repeated warnings and attempts to use financial levers to cool down, companies and local governments turned a deaf ear to it and could only use this tough method to interfere.

Because China's economy has developed so fast in the past two years, private companies feel that they can make money in everything, and the influx of foreign capital has made it impossible for local governments to find North.

Everything is going on in madness. A farmer entrepreneur who graduated from elementary school originally planned to build a steel plant with an annual output of 2 million tons. Driven by the enthusiasm of the local government, the scale of the project soared to an annual output of 8.4 million tons, and the project budget reached 10.6 billion yuan. The local bank directly loaned more than 4 billion yuan to him without risk assessment.

Foreign-invested projects are even more sought after. For a 1.7 billion Australian project in a certain place, it took only one month from negotiation to obtaining a business license. Among them, more than 20 days were negotiating, and it only took one week from submitting application materials to issuing certificates.

This is obviously an illegal operation, because according to the law, foreign-funded projects exceeding 50 million yuan must go to the central government, and foreign-funded projects exceeding 200 million yuan must be approved by the highest authority, and it will not be approved in less than a year or a half. However, from 2002 to 2004, such violations were everywhere, and the local government did not care about anything in pursuit of economic growth.

Then, the killing of pigs began!

Some of the richest people on the Hurun Report were incidentally found in the industry inventory, and they have never returned to the "Hurun Killing Pig List" since then.

It is this mess of economic chaos that makes domestic and foreign scholars feel that China is about to collapse, but they will soon be surprised. Because China's GDP growth in 2004 was as high as 10.1%, which turned out to be the fastest economic growth year in the past ten years! Facing such data, economists at home and abroad are almost crazy, and they have the urge to dig out university textbooks.

"nice shot!"

On the golf course, Liu Yonghang carried his club and cheered loudly.

Guo Guangchang shook his head and smiled bitterly: "In this year's situation, you can only shrink and practice."

Song Weiyang sat on the golf course and asked, "If Fosun is in urgent need of money, I can help raise money."

"Thanks, no need." Guo Guangchang handed the pole to the caddy, "I must stand at attention when I get hit. I am not going to resist. Since the country wants to check the steel industry, let the tall man come out to fight. The iron and steel company is handed over to state-owned enterprises for reorganization. There is no need to choose to hold on to this situation."

Song Weiyang smiled and said, "Brother Liu is still tough."

Liu Yonghang said: "It was originally mine, why should I give it to a state-owned enterprise?"

Song Weiyang sighed: "From a purely commercial point of view, you are looking for your own guilt. If you hand over the Aluminum & Power Group to Chinalco for reorganization, you will be able to restart construction immediately with almost no loss."

"But I will lose control of the company. After the reorganization, it will no longer be my company. I can only become an ordinary shareholder!" Liu Yonghang said.

Historically, Liu Yonghang preferred to suspend work indefinitely, and resolutely refused to allow Chinalco to reorganize. It has been delayed for three years before resuming production. Just after it was released, it encountered the 2008 economic crisis, and it almost managed to survive at a loss, and finally it was time to make money.

Song Weiyang laughed and said: "Anyway, I support the central government to step on the brakes. Otherwise, I will be messing around with the local authorities. In a few years, I will be able to turn steel, cement, and aluminum into Chinese cabbage. Just like the current domestic mobile phones, the whole The industry has been ruined. No matter how high the sales are, they can't make a lot of money. More than half of the domestic mobile phone manufacturers are losing money."

"You speak lightly," Guo Guangchang said in an unpleasant way. "If you are also investing heavily in related industries, and you suddenly encounter industry inspections, you won't be able to cry."

Song Weiyang said happily, "I'm not stupid. My dad was about to build a steel plant, but I was stopped by my life and only let him continue to make cement. You see, the investment in the cement industry is the most overheated now, but the intensity of the inventory is far away. Much smaller than steel, my dad’s cement plant can take the opportunity to merge with peers."

Liu Yonghang is still in the mood to joke: "Have you heard, Brother Song is laughing at us as fools!"

"Then when I bought the Iron and Steel Group, why didn't you stop me?" Guo Guangchang asked.

"Can I stop it?" Song Weiyang said, "The thing you are most proud of in the past two years is that you have acquired a steel company and made a lot of money from it. Now it just makes you earn less."

Guo Guangchang said depressed: "Play, play!"

The caddie was observing the situation of the next ball. Song Weiyang suddenly received a call. It was a pensive call: "Boss, Top’s new boss is calling. I took it too."

"What's the price?" Song Weiyang asked.

Shen Si said: "The other party offered 100,000 yuan per mu, with a total price of 50 million yuan. All ground constructions were given away for free. There were 63 buildings in total, 12 of which were small western-style villas. The premise is to bear the corresponding debts and the total debt exceeds 2.5. Hundred million."

That is the total price of 300 million yuan, and the purchase of 500 acres of land is accompanied by 63 buildings. The address was in Nanhui, and later it was put into Pudong as a whole. It is more than 10 kilometers away from Disneyland and less than 10 kilometers away from Pudong Airport. The price seems to be very cheap, but the nature is industrial land, and the commercial land here has already exceeded 500,000 acres.

Song Weiyang said: "Respond to them, I will buy 100,000 per mu."

"Okay." Pensive hung up the phone.

The Top Empire, which has a market value of over 10 billion, is already crumbling, and the boss Song Ruhua has even gone to the United States. Before he left, he sold his own equity worth hundreds of millions of yuan to two subordinates for a total of 2 yuan, one yuan per person. Of course, the value is imaginary, and it is purely negative equity to count debts.

The Top East Software Park in Shenghai is a mess. More than 60 buildings have not even been piled, and the construction cost per square meter is only 300 yuan. Song Ruhua is definitely a first-class talent to build a building in a big city like Shenghai with loose geology. He also specially invited experts to demonstrate that as long as the height is appropriate, there is no problem, so the buildings in the software park do not exceed four floors.

In Song Ruhua's original words: "Pile-driving? Is there no money for piling? What's the use of burying the money underground and no one can see it?"

Song Ruhua kept dragging on such a cheap construction fee. Even the fish fry in the lake in the park, a few hundred dollars ~ www.wuxiamtl.com~ still owe shamelessly. The building inside can only say that it will not collapse. The quality of the project is so bad that even a leader who came to inspect it fell into the patio pit and broke his head, because even the guardrail on the side of the pit was reluctant to repair it.

Song Weiyang was willing to buy the Western Industrial Park because the buildings there were more reliable. But when I arrived at the Eastern Software Park, Top had already been unable to pay for it. The land was negotiated for 100,000 yuan per mu. In the end, only the first installment was paid for 50,000 yuan per mu, and the remaining money was said to be deducted from the tax. , The problem is that there are few taxes in a few years.

If it is to take over the Eastern Software Park, Song Weiyang will have to demolish and rebuild those buildings, so he might as well buy wasteland directly.

What's more, Song Weiyang is able to "predict" the future, even if Top does not choose to sell, he will be forcibly taken back in a few months. The local court auctioned 500 acres of land in the software park at a price lower than commercial land (500,000 per acre). As a result, the auction failed twice in a row. No one wanted to take over the mess. The locals could only buy 250 million for themselves, and the money was used to pay Top’s creditors, and there was still a little insufficient to repay the debt. This was rumored to be a joke at the time.

Song Weiyang didn't have to wait for the court to auction, because that would cost 250 million yuan. He can get in touch with the local authorities before the auction and spend more than 100 million to buy industrial land.

Of course, it was not a software park, but it was bought by Xifeng Logistics Company to build a logistics center covering an area of ​​500 acres and radiating the entire Dashenghai. Nanhui’s deep-water port project has been underway for several years. The Ring Expressway is about to open to traffic, and it will be connected to the upcoming Shanghai-Luzhou Expressway, and it is not far from Pudong Airport.

The land, sea and air transportation are becoming more perfect, and the land price is not expensive. This is the perfect choice for building a logistics center.

After ten years, the express delivery industry is prospering, and this logistics center is extremely valuable.

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