These days, the leaders of the United States, the European Union, Japan and major Asian countries pray for China's economy before going to bed. The world is increasingly trapped by the enormous capital power that China secures with cheap labor, the demand for raw materials, and foreign investment. Once the Chinese bubble bursts, all the world's bubbles will burst at once. —From The New York Times, May 2004.

When Song Weiyang returned to China, the "theory of China's economic collapse" was once again in the dust.

Funnily enough, this time it is not Western economists who deliberately sing about China, but really think that China's economic bubble is about to burst. And everyone is praying for China's economy, hoping that China will continue to survive, as the New York Times said, the world has been trapped by China.

Once China's economy collapses, it will immediately trigger a global economic crisis!

The South Korean government held a series of emergency meetings in May to analyze the possible impact of China's "slamming on the brakes" on South Korea. The outcome of the meeting was frightening, because 18% of South Korea's total exports and 88% of its trade surplus came from the Chinese market. Once China's economy collapses, South Korea will face worse conditions than it did during the Asian financial crisis.

Federal Reserve Chairman Alan Greenspan said in a speech before the U.S. Senate: "If there is a problem in China, it will have a huge impact on Southeast Asian economies and Japanese benzene, 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 domestic and foreign scholars are afraid, it is because China's investment has been overheated in the past two years, and it has become so hot that it can boil water. Last year, the total investment in China's iron and steel industry increased by 96 percent year-on-year, the investment in the electrolytic aluminum industry increased by 92.9 percent year-on-year, and the investment in the cement industry increased by 121.9 percent year-on-year...... These are completely disorderly and blind investments, and if left unchecked, they will have extremely bad effects.

Including the real estate industry, it is the object of the central government's "stepping on the brakes". The cold winter of real estate is coming, and the house prices of the two villas that Song Weiyang bought last year fell by at least 20% in an instant!

China's stock market, which was already dying, directly ushered in an "avalanche", and big dealers such as Delong announced their demise one after another. Guo Guangchang, who has been addicted to capital operations in the past two years, has been on the verge of collapse of the capital chain, and the entire Fosun system has been included in the list of "prudent loans" by banks.

Those private enterprises that tried to enter the upstream monopoly industry were almost wiped out in this storm. Including the aluminum power project in which Song Weiyang pulled the members of the Taurus Club to participate in the investment, it was also urgently stopped by the central government, and Liu Yonghang was as anxious as an ant on the side of the pot all day long, asking people everywhere to ask him to let him go.

In fact, Liu Yonghang's aluminum power project is divided into several small projects, and only the electrolytic aluminum project has really been stopped. The abra project is not only not overheated, but is urgently needed and in short supply by the market, and needs to be imported in large quantities every year. But this is the monopoly business of Chinalco, which has been involved this time, and has been in a state of "suspension of production for investigation".

After Song Weiyang returned to China, he was immediately dragged by Liu Yonghang to fly to the capital, and the two ran many ways in a row, and they were told not to move for the time being.

Fortunately, the project funds are self-raised, and if it comes from bank loans, the billions of dollars invested will be wasted. Only Guo Guangchang was miserable, because he also invested tens of millions of dollars, and it was poured from the securities market, and Song Weiyang hurriedly mobilized funds to help him fill the hole.

In the eyes of the members of the Golden Bull 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 this, because the stopped electrolytic aluminum project was the second phase of the project, and the plant had just been repaired and had not had time to be put into production, and everyone did not have much money to throw into it. The first phase of the "under investigation" alumina project is not strictly speaking, and when the limelight has passed, the momentum of overheated investment has been suppressed, and we can find a way to resume production, and then we can still lie down and count the money - at least until 2008, it was a profiteering industry.

Private capital has complained about "stepping on the brakes", but the central government has no choice, and has repeatedly warned and tried to use financial leverage to cool down, but enterprises and local governments have turned a deaf ear and can only use such tough means to interfere.

Because China's economic development has been too rapid in the past two years, private enterprises feel that they can make money in everything, and the massive influx of foreign capital has also made local governments happy to find the north.

Everything is going on in a frenzy, and there is a farmer entrepreneur who graduated from primary school and originally planned to build a steel plant with an annual output of 2 million tons. Under 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.

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

This is obviously an illegal operation, because according to the law, foreign-funded projects of more than 50 million yuan must go to the central government, and foreign-funded projects of more than 200 million yuan must be approved by the highest authority, and they cannot be approved at all without a year and a half. But between 2002 and 2004, such violations were everywhere, and the local government did nothing to pursue economic growth.

Then, the killing of the pigs began!

Some of the richest people on the Hurun Report were found to be problematic by the industry, and since then they have gone to the road of "Hurun Pig Killing List".

It is this kind of chaotic economic chaos that makes scholars at home and abroad feel that China is about to collapse, but they will soon be shocked. This is because China's GDP growth in 2004 was as high as 10.1 percent, which was the fastest economic growth in the past decade! In the face of such data, economists at home and abroad are going crazy, and they have the urge to turn out university textbooks and tear them up.

"Good shot!"

In the golf course, Liu Yonghang cheered loudly with his club.

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

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

"Thank you, no," Guo Guangchang handed the rod to the caddy, "I have to stand up when I am beaten, I am not ready to resist." Since the state wants to check the steel industry, let the tall man come out and stand on top of it. I gave up my controlling stake and handed over the steel company to the state-owned enterprises for restructuring, and there is no need to choose to hold on to this situation. ”

Song Weiyang smiled: "It's still Brother Liu's toughness." ”

Liu Yonghang said: "It's my stuff, 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 the aluminum and electricity group is handed over to Chinalco for reorganization, it will be able to restart work immediately, and there will be almost no loss. ”

"But I will lose control of the company, and after the reorganization, it will not be my company, I can only become an ordinary shareholder!" Liu Yonghang said.

Historically, Liu Yonghang preferred to stop work indefinitely, and resolutely refused to allow Chinalco to reorganize, and it took three years to resume production. As soon as it was released, it encountered the 08 economic crisis, and it almost survived at a loss, and finally it was time to make money.

Song Weiyang said with a smile: "Anyway, I support the central government to step on the brakes, otherwise I will be able to make steel, cement, and aluminum into cabbage in a few years." Just like the current domestic mobile phones, the entire industry has been ruined, no matter how high the sales are, they can't make a few dollars, and more than half of the domestic mobile phone manufacturers are losing money. ”

"You said it lightly," Guo Guangchang said angrily, "If you also invest a lot in related industries, and suddenly encounter an industry inventory, you won't be able to cry when the time comes." ”

Song Weiyang said happily: "I'm not stupid. My dad was about to build a steel plant, but I stopped him and told him to continue making cement. You see, the investment in the cement industry is the most overheated now, but the inventory is far less than that of steel, and my father's cement factory can still take the opportunity to merge with its peers. ”

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

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

"Can I stop it?" Song Weiyang said, "The most proud thing you have done in the past two years is that you have acquired a steel company, and you have also made a lot of money from it, and now it is just for you to make less money." ”

Guo Guangchang said depressedly: "Play, play!"

The caddie was observing the situation of the next ball, and Song Weiyang suddenly received a call, it was Shen Si: "Boss, Topp's new boss is calling, I want you to take over Topp's eastern software industry like taking over the Western Industrial Park." ”

"What's the 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-level buildings are free of charge, and there are a total of 63 standard buildings, 12 of which are Western-style villas. The premise is to bear the corresponding debts, and the total liabilities exceed 250 million. ”

That is, the total price is 300 million yuan, and the purchase of 500 acres of land is accompanied by 63 buildings. The address is in Nanhui, and later the whole was divided into Pudong, which 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 it is industrial land in nature, and the commercial land here has long exceeded 500,000 acres.

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

"Okay. Shen Si hung up the phone.

The Top Empire, which has a market value of more than 10 billion, is already crumbling, and the boss Song Ruhua has even fled to the United States. Before he left, he sold his equity worth hundreds of millions of yuan to two subordinates, selling a total of 2 yuan, one yuan per person. Of course, the value is nothing, and the debt is purely negative equity.

Shenghai's Top East Software Park is a mess, with more than 60 buildings not even having a single pile driven, and the construction cost per square meter is only 300 yuan. To build a building in a big city like Shenghai with loose geology, he dared not to drive foundation piles, Song Ruhua is definitely a first-class talent. He also specially invited experts to argue that as long as the height is appropriate, there is no problem, so the buildings in the software park are no more than four floors.

In Song Ruhua's original words: "What is the use of burying money in the ground and no one can see it?"

is such a cheap construction fee, Song Ruhua has been dragging it out. Even the money for the fish fry in the lake in the park, only a few hundred yuan, is still owed to cheat. The building inside can only be said not to collapse, the quality of the project is so poor that there are even leaders who came to inspect it, fell into the patio pit and broke their heads and bled out, because the edge of the pit was reluctant to repair even the guardrail.

Song Weiyang was willing to buy the Western Industrial Park because the buildings there were more reliable. When it came to the Eastern Software Park, Top couldn't get any money, and negotiated 100,000 yuan a mu for the land, but in the end, 50,000 yuan a mu was only paid in the down payment, and the rest of the money was said to be deducted from the tax, but the problem was that there were no taxes in a few years.

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

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

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

Of course, it is not a software park, but to let Xifeng Logistics Company buy it and build a logistics center covering an area of 500 acres and radiating the entire Dashenghai. The deep-water port project in Nanhui has been in progress for several years, and the Ring Expressway is about to open to traffic, and it is not far from Pudong Airport to connect to the upcoming Shanghai-Lu Expressway.

Land, sea 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 worth a lot of money.

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