In the summer of 2004, there was also a major controversy in China's economic theoretical circles, which was hailed as the "Lang Gu Controversy", a battle that changed the fate of many people.

At the center of the controversy was the reform of property rights, especially the ownership of state-owned and collective enterprises.

Lang Xianping, a returnee scholar, published an article in the media, openly questioning the restructuring and sale of Kelon Group, a well-known domestic electrical appliance company, as a "carnival of national retreat and democratic advancement", which brought huge losses to the country and the collective, and was an act of openly selling state-owned assets at a low price. Like a loud trumpet, he openly questioned the joint black-box operations of private and local governments in the process of advancing the state and retreating from the people, resulting in a large loss of state-owned assets.

Gu Chujun, who had just taken Kelon Group into his pocket through capital operation, thought that he had completed the transfer of property rights through legitimate means, and now he was really wronged to become a negative target all of a sudden, and he started a public debate with Lang Xianping in the media.

The two sides did not hesitate to use all kinds of means to find helpers, and you sang and I took the stage, triggering a large-scale debate in China's economic circles in the media.

You must know that the loss of state-owned assets is a very sensitive topic, and both governments at all levels and ordinary people are very concerned about it.

The "Lang Gu Controversy" lit the fuse and unexpectedly detonated a national controversy.

The central government attaches great importance to the loss of state-owned assets, MBOs, and property rights transactions, and has called off many doubtful property rights reform plans, and has also asked local governments to re-examine transactions questioned by the public.

After entering 2005, the great controversy began to ferment further, triggering three shockwaves.

The first is Chunlan Group's announcement to terminate the MBO program forever.

As the former leader of China's home appliances, Chunlan is still trapped in this area and cannot move forward for half a point after Midea, Haier and other companies have completed the reform of property rights through MBO.

Since the last time the MBO plan was suspended, Chunlan's management has made low-key revisions and strived to throw out a new version of the MBO plan. Unexpectedly, it was not easy to survive until the time was ripe to improve, and ushered in a new round of "Lang Gu dispute" turmoil. Chunlan Group, which was a typical example of MBO, was once again exposed to the public eye and had to announce the cessation of the MBO program.

The failure of two consecutive MBOs has brought incalculable psychological trauma to Chunlan Group. A large number of key cadres have left their jobs to go to other more promising competitors.

Chunlan, a pioneer in household appliances, has gradually been surpassed by Haier, Midea and even Gree, becoming a lonely bystander.

The second is the personnel earthquake of Jianlibao Group.

Zhang Yang, who was previously known as a genius in the business world, did not be able to exert any magic power to turn stones into gold after he became the owner of Jianlibao, which is very different from his claim that he has indescribable special functions.

From the 5th season of the new drink, to liquor, automobiles, real estate, to football clubs and capital operations, Zhang Yang's willful operation hollowed out Jianlibao, and the group's actual debt exceeded 3 billion yuan and fell into insolvency. The bubble that boasted of creating the world's third-largest cola was blown up in a short period of time. Not to mention that the slogan of becoming the new richest man in China has become a joke on the streets.

At this time, the local government discovered that the so-called Zhang Yang was nothing more than a capital player with empty gloves and white wolves. Even the capital for the acquisition of Jianlibao was dismantled through high interest rates, and in traditional terms, he was a complete liar.

Zhang Yang wanted to successfully whitewash himself through listing and advocate various concepts, but he didn't expect Jianlibao to lose money again and again, and the CSRC would not let it pass at all.

Running a business requires talent, and if you focus on doing a good job in Jianlibao, it will not lead to such a situation. But Zhang Yang tossed blindly in the opposite direction, and the more he moved, the faster he died.

As the financial pillar of the local government, Jianlibao has become a big hole in insolvency in just a few years, which makes it difficult for local officials to accept, taking advantage of the state's requirements to re-examine the transfer of state-owned enterprises, in March 2005 again to take over Jianlibao Group.

At the same time, as the culprit, Zhang Yang was also arrested by the local police and thrown into prison on charges of embezzlement and misappropriation of funds.

And Jianlibao is once again facing the fate of being sold!

The last round of shockwaves is none other than Gu Chujun, one of the protagonists of the "Lang Gu Dispute".

With the intervention of the National Audit Office, his acquisition of Kelon was found to be illegal and the transfer of property rights was flawed.

In the past few years, he has taken advantage of the mentality of local governments eager to sell loss-making state-owned enterprises, and has aggressively expanded mergers and acquisitions, and his operations on the gray edge have also been exposed to the sun.

The merger and acquisition of Kelon made Gu Chujun taste the sweetness, and he suddenly became a star in the domestic financial industry from an entrepreneur who was not in the stream.

So he continued to highly leverage mergers and acquisitions, in the name of promising huge investment in the local area, using the financing platform of Kelon, successively won the position of major shareholders of the three major listed companies of Meiling Electric, Yaxing Bus and Xiangzhou Heavy Industry, and single-handedly built Gu's business empire.

Under the fiery eyes of the Audit Office, Kelon Group was exposed to more than 7.5 billion yuan of problematic funds, and Gu Chujun wantonly embezzled more than 3.5 billion yuan of company assets for mergers and acquisitions, resulting in a big hole in Kelon's loss of more than 3 billion.

Also in March, Gu Chujun was taken away by the police and arrested on charges of embezzlement and misappropriation of funds, and the Gu business empire he had built collapsed.

Interestingly, Zhang Yang and Gu Chujun are held in the same detention center because Jianlibao and Kelon belong to the same prefecture-level city enterprises.

If Gu Chujun had bowed his head and admitted defeat at the beginning and did not provoke the "Lang Gu dispute", maybe his Gu business empire might really have a different glory.

Frankly speaking, Kelon, Meiling, Yaxing, and Xiangzhou are all high-quality assets. It can be seen from the fact that after Gu Chujun was imprisoned, he had to sell them to the outside world in order to repay the arrears, which caused robbery.

Kelon was taken by Hisense, and Meiling became Changhong's meal, Xiangzhou rumored that Wanxiang Group was interested, and Yaxing Bus was favored by the China Group that suddenly appeared.

From motorcycles to micro-cars, and then from micro-cars to cars, Zhonghua Group has always made achievements in light vehicles. But in terms of heavy vehicles, such as trucks and buses, they are not involved.

Continuing to develop upwards and entering the field of trucks and buses has always been the direction of Han Hao's thinking.

Now, here's your chance!

Yaxing Bus not only has its own production base, but also a listed company, which can become a new financing platform in the future.

Yaxing was once the leader of China's bus industry and once occupied a dominant position in the industry. Otherwise, the fastidious Mercedes-Benz would not have chosen Yaxing as its joint venture partner in the field of commercial vehicles in 1997.

According to Chinese policy, a foreign automotive company can select two partners in the passenger car and commercial vehicle segments.

Mercedes-Benz believes that China's commercial vehicles are developing rapidly, so it first chose Yaxing and Southeast Automobile as its commercial vehicle partners. As for passenger cars, seeing that Audi and BMW have entered China, they finally finalized the Shouqi Group to form a Shouqi Benz joint venture.

Yaxing Bus and Yaxing Benz belong to two independent companies, after Yaxing Group took out high-quality assets and cooperated with Mercedes-Benz to form a joint venture, the remaining assets were packaged and listed to form Yaxing Bus.

Yaxing Mercedes-Benz and Yaxing Bus are actually in competition, for this in the local government coordination, the two sides reached a gentleman's agreement: with 8.2 meters of car length as the standard, the above models are operated by Yaxing Benz, and the following models are dominated by Yaxing Bus.

In fact, Yaxing buses can only develop in medium-sized buses, while Mercedes-Benz Yaxing occupies the high-end bus market.

This can't be helped, as a strong foreign investor like Mercedes-Benz, it is the VIP of the local government to attract investment, and has to sacrifice the interests of the local Yaxing bus.

However, in the competition with the "one pass three dragons" (known as Yutong, large, medium and small Golden Dragon) bus opponents, whether it is Yaxing Mercedes-Benz or Yaxing bus, they have repeatedly failed, and their market share has been declining.

As a listed company, Yaxing Bus also wears the hat of ST and faces the risk of delisting. Otherwise, taking advantage of the boom of private enterprises to build cars, Gu Chujun would not have won the controlling interest of 60% of the shares of the Yaxing Bus platform for 418 million.

After Gu Chujun was arrested after the downfall, Yaxing Bus was repurchased by the local government for 165 million yuan and returned to the arms of the local government.

As an important pillar of local industry, the government will never watch companies go bankrupt and will do everything possible to revive them.

With the ST hat on his head, the local government is also confused and anxious about where to go for Yaxing Bus.

Even with such a strong partner as Mercedes-Benz, Yaxing Mercedes-Benz could not realize the good wish of strong alliance in the market, but was defeated by "one pass and three dragons". Not to mention the Yaxing bus, which was formed by the rangers, is even weaker in competitiveness.

As a listing platform for local governments, Yaxing Bus must not fall, which is the consensus of local government officials.

It is necessary to find a good mother-in-law for Yaxing Bus, but I have found several to negotiate, including "One Pass and Three Dragons", and the other party is not interested.

Because Mercedes-Benz is now divorcing Yaxing, Yaxing Mercedes-Benz has been losing money all the way to today since its establishment, and the 10-year joint venture period is still 2 years to expire, and Mercedes-Benz has clearly expressed its willingness not to renew the contract.

As the Chinese government to develop the bus chassis production base of Yaxing, now reduced to a chicken ribs, it is a pity to abandon the tasteless.

At this difficult moment, the appearance of a white horse knight saves the Yaxing dilemma!

When Zhonghua Group proposes to have an intention to Yaxing Bus, the local government will be like a treasure.

Zhonghua Group is the brightest star in China's automobile industry, especially the boss Han Hao is a real rich man, and it is by no means comparable to parallel goods like Gu Chujun.

"As long as Zhonghua Group is willing to come in and keep the platform of Yaxing Bus in the local area, all the other conditions can be discussed!"

Whether it is the city or the province, they all regard the emergence of the China Group as a savior to solve the Asian star dilemma. They regard the China Group as the last straw to grasp before falling into the water, and the future of the Yaxing Group is all in one fell swoop.

Even Mercedes-Benz, which had been clamoring to break up before, rarely remained silent after learning the news, proving its interest in the ownership of Zhonghua Group from another aspect.

When Han Hao visited Yangling City, where Yaxing was located, he received a super high-standard government reception.