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 locked in by China's huge capital power secured by cheap labor, demand for raw materials, and foreign investment. Once the Chinese bubble bursts, all the bubbles in the world will burst together. - Excerpt from The New York Times, May 2004.

Just when Song Weiyang returned to China, the theory of "China's economic collapse" was rampant again.

It's funny that this time it's not that Western economists are deliberately bad-mouthing China, but they really think that China's economic bubble is about to burst. Moreover, everyone is praying for China's economy, hoping that China can continue to sustain it. 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 held consecutive emergency meetings in May to analyze the possible impact of China's "stepping 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, the situation facing South Korea will be worse than during the Asian financial turmoil.

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

In a word, the whole world was frightened by China, and sincerely wished that China's economy would become better.

As for why scholars at home and abroad are afraid, it is because China's investment has been overheated in the past two years, and it is already hot enough to boil water. Last year, the total investment in China's iron and 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 investments. Impact.

Including the real estate industry, all belong to the central "brake" target. The real estate winter is approaching. The 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 already dying, directly ushered in an "avalanche", and big dealers such as the Delong family declared their demise one after another. Guo Guangchang, who has been obsessed with capital operations for the past two years, is on the verge of collapse in his capital chain, and the entire Fosun system has been included in the "cautious lending" list by banks.

Those private enterprises trying to enter the upstream monopoly industry were almost wiped out in this storm. Including Song Weiyang's investment in the aluminum and electricity project that the members of the Jinniu Club participated in, which was urgently stopped by the central government.

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

After Song Weiyang returned to China, he was immediately dragged by Liu Yonghang to fly to the capital. The two of them went to many places in a row, but 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, all the billions invested will be in vain. Only Guo Guangchang was miserable, because he also invested tens of millions, and it was from the stock market. Song Weiyang quickly mobilized funds to help him fill the hole.

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

But Song Weiyang said that he didn't care about it, because the electrolytic aluminum project that was suspended was the second phase of the project. The factory had just been repaired and had not had time to start production. The money invested by everyone was not much. Strictly speaking, the first-phase alumina project "under investigation" does not belong to the target of stepping on the brakes. When the limelight passes and the momentum of overheating investment is suppressed, we can find a way to resume production, and then we can still lie down Counting money - at least until 2008, it was a profiteering industry.

Private capital has complained about "stepping on the brakes", but the central government has nothing to do. It has repeated warnings and tried to use financial leverage to cool down, but enterprises and local governments have turned a deaf ear to it. They can only intervene with this tough method.

Because China's economy has developed so fast in the past two years, private enterprises feel that they can make money in everything they do, and the influx of foreign capital has made locals happy to find their way.

Everything was going on like crazy. There was a farmer entrepreneur who graduated from elementary school. He only 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 directly soared to an annual output of 8.4 million tons, and the project budget reached 10.6 billion yuan. The local bank did not conduct risk assessment, and directly loaned him more than 4 billion yuan.

Foreign-funded projects are even more sought after. It took only one month from negotiation to obtaining a business license for a 1.7 billion Australian project in a certain place. There were more than 20 days of negotiation, and it took only one week from the submission of application materials to the issuance of the certificate.

This is obviously an illegal operation, because according to the law, foreign-funded projects exceeding 50 million must go to the central government, and foreign-funded projects exceeding 200 million must be approved by the highest authority. But during the period from 2002 to 2004, such illegal operations were everywhere, and the local government no longer cared about anything in pursuit of economic growth.

Then, the slaughter of pigs began!

Some tycoons on the Hurun Report were found to have problems by the way when they were investigated by the industry, and they never returned to the road of "Hurun Killing Pig List".

It is this kind of messy economic chaos that makes scholars at home and abroad 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! Faced with such data, economists at home and abroad are going crazy, and there is an urge to dig out college textbooks and tear them up.

"nice shot!"

On the golf course, Liu Yonghang applauded loudly with his club in hand.

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

Song Weiyang sat on the golf course and asked, "If Fosun needs money urgently, I can help raise it."

"Thanks, no need," Guo Guangchang handed the pole to the caddy. "I'm going to stand at attention when I'm beaten. I'm not going to resist. Since the country wants to investigate the steel industry, let the tall man come out and stand up. I give up the controlling stake and take the The steel company is handed over to the state-owned enterprise for reorganization, and there is no need to choose to hold on to this situation."

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

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

Song Weiyang sighed: "Purely from a business point of view, you are asking for guilt. If you hand over the Aluminum and Power Group to Chinalco for reorganization, you will be able to restart work immediately, and there will be 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 would rather suspend work indefinitely than allow Chinalco to reorganize, and it took three years to resume production. When it was released, it encountered the economic crisis in 2008. It almost managed to survive at a loss, and finally it was time to make money.

Song Weiyang said with a smile: "Anyway, I support the central government stepping on the brakes. Otherwise, the local governments can mess around, and the steel, cement, and aluminum industries can be turned into Chinese cabbage in a few years. Just like the current domestic mobile phones, the entire The industry has been ruined, no matter how high the sales volume is, they can’t make a little money, and more than half of the domestic mobile phone manufacturers are losing money.”

"It's easy for you to say," Guo Guangchang said unhappily, "If you also invest a lot in related industries and suddenly encounter industry investigations, you won't be able to cry at that time."

Song Weiyang said happily: "I'm not stupid. My dad was planning to build a steel factory, but I stopped him and let him continue to make cement. Look, the investment in the cement industry is the most overheated now, but the investigation is far away. Far smaller than steel, my dad’s cement factory can still take the opportunity to merge with peers.”

Liu Yonghang was still in the mood to joke: "Did you hear that Brother Song is laughing at us as fools!"

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

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

Guo Guangchang said depressedly: "Play ball, play ball!"

The caddy was observing the situation of the next ball when Song Weiyang suddenly received a call from Shen Si: "Boss, Top's new boss is calling, and I would like to ask you to take over Top's eastern software industry just like taking over the western industrial park. Accepted too."

"What price?" Song Weiyang asked.

Shen Si said: "The other party offered 100,000 yuan per mu, and the total price was 50 million yuan. All ground buildings were given away for free. There are 63 standard buildings in total, 12 of which are small western-style villas. 100 million."

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

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

"Okay." Shen Si hung up the phone.

The Top Empire, with a market value of over 10 billion, is already on the verge of collapse, and the boss, Song Ruhua, has even fled to the United States. Before he left, he sold his shares worth hundreds of millions of yuan to two of his subordinates for a total of 2 yuan, one yuan per person. Of course, the value is all false, and it is purely negative assets including debts.

Shenghai's Top East Software Park is a mess, with more than 60 buildings without even a single pile, and the construction cost per square meter is only 300 yuan. To build a building in a big city with loose geology like Shenghai, Song Ruhua is definitely a first-class talent who dares not to lay foundation piles. 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? Don't you need money for piling? What's the use of burying money in the ground and no one can see it?"

Song Ruhua has been holding off on paying such a cheap construction fee. Even the fish fry money in the lake in the park, which is only a few hundred yuan, is still owed to cheating. The building inside can only be said to not collapse, and the quality of the project is so poor that some leaders who came to inspect even fell into the patio pit and fell to the ground, because the pit was not even willing to repair the guardrail.

Song Weiyang was willing to buy the Western Industrial Park because the buildings there were more reliable. But when we arrived at the Eastern Software Park, Top could no longer afford the money, so we negotiated 100,000 yuan per mu for the land. In the end, we only paid the down payment of 50,000 yuan per mu, and the rest of the money was deducted from the tax. , the problem is that after a few years, few taxes have been paid.

If it takes over the Eastern Software Park, Song Weiyang will have to demolish those buildings and rebuild them, so it's better to just buy the wasteland.

What's more, Song Weiyang can "predict" the future, even if Top does not choose to sell, he will be forced to take it back in a few months. The local court auctioned 500 mu of land in the software park at a price lower than that of commercial land (500,000 per mu), but the auction failed twice in a row. No one wanted to take over the mess. The local government had to pay 250 million yuan to buy it. The money was used to pay Top's creditors, and it was not enough to pay off the debt. It was rumored as a joke at the time.

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

Of course, it is not a software park, but Xifeng Logistics Company bought it and built it into a logistics center covering an area of ​​500 mu, radiating the entire Dashenghai. Nanhui's deep-water port project has been in progress for several years. The Ring Expressway is about to open to traffic, and it will be connected to the soon-to-open Shanghai-Lu Expressway, which is not far from Pudong Airport.

The sea, land and air transportation tends to be perfect, and the land price is not expensive, which is the perfect choice for building a logistics center.

Ten years later, the express delivery industry is booming, and this logistics center is extremely valuable.

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