In any case, as the largest private capital consortium in the mainland, China Banner Consortium has one of the greatest influence on domestic economic construction. Its investment can develop to 300,000 tons, breaking the monopoly between Japan and South Korea. Its high-speed rail project has passed the national approval and officially started production. It has become the first in the country and the first in Asia in the field, and it has continued to impact the first in Asia at the level of the first in Asia.

At least in terms of the field, China and South Korea have reached synchronization in 2002.

In the fields of automobiles, steel, metallurgy and electronics, it is well-deserved first in China.

Shenzhou Electronics Control (Shenzhou Electronics Holding Group) has launched its own Shenzhou chips, which can basically compete with Intel at the mid- and low-end levels. In fact, Shenzhou Semiconductor Manufacturing Company has invested heavily in higher-level chips, closely following Intel.

Shenzhou Electronic Control has its own operating system and continues to adopt a free method for the time being, which can be compatible with major international software.

Shenzhou Electronic Control has achieved a comprehensive breakthrough in the 3G field, and Shenzhou Ericsson has regained its top five international mobile phone business. After the integration of the computer and communications business of Shenzhou Electronic Control and Inspur, the new Shenzhou Inspur Group is already the largest supplier of i and communication equipment in China, and is technically synchronized with the international world.

The report of China Bank's merger with China Bank of Communications has been submitted. Since both parties are state-owned banks, the central bank does not intend to veto it in principle.

The only concern of the central bank is that once the merger is successful, the Zhongqi Consortium will actually control the three top eight banking institutions in China United Bank, China Standard Chartered Bank and China Bank, which are close to China's National Financial Holdings Company.

Even if China National Financial Holdings Corporation has a large seat in China United Bank and China Bank, it seems that it is still a headache to grow up with such a powerful opponent.

Of course, Zhongqi Group itself is the only international banking company in China now, and the central leadership also has a positive support attitude.

Zhongqi Group also promises that after further domestic mergers and integration, it will find more suitable opportunities to open up new directions and launch new mergers in the international community.

At this time, people are still paying attention to a focus issue, that is, how much money Yang Shaozong has.

After several mergers and dilutions, Yang Shaozong's total holdings in Zhongqi Group were reduced to half of them and established the Yang Shaozong Charity Foundation. Even if half of them are left, Yang Shaozong's personal wealth still has a market value of US$17.8 billion.

Until now, although people keep mentioning it, not many people are willing to believe that part of the equity of Silicon Silver Group belongs to Yang Shaozong, because the asset scale of Silicon Silver Group is too large.

Silicon Silver Group has taken huge profits through short selling during the Internet storm and continued to increase its holdings of a large number of shares at the lowest stage of the Internet. It is currently not only the controlling shareholder of Yahoo, eby, Amazon and iq, but also the major shareholder of md, HP, ibm and Cisco. In the traditional stock market, it is also the largest shareholder of Time Warner.

Silicon Silver Group merged with Lotus Company and tried to join hands with other cooperative institutions to launch a free operating system platform, and then make profits from paid software systems, which completely took a path that was contrary to Microsoft.

Before Microsoft launched office software systems such as rd, Lotus Company was the largest office software company in the United States. It was acquired by Silicon Silver Group on the verge of bankruptcy. Silicon Silver Group invested 400 million US dollars to redevelop a new desktop operating system.

In terms of operating systems, it has joined forces with a series of powerful large companies such as Yahoo, ibm, HP and md. Through the release of Yahoo ed, it has joined forces with Time Warner, Sony and Silicon to firmly gain the upper hand in electronic entertainment.

In the emerging online game market, Yahoo has gradually transformed into the world's largest online game operator and provider. In the Chinese market, NetEase also replicated this model and occupied the main online game business in the Chinese market.

The world is constantly changing dramatically.

From 2002 to 2003, with Premier Rong's official retirement, Yang Shaozong also announced his resignation as president of the National Institute of Economics. Although he left this job and returned to China Industrial Holdings Group as chairman of the group's board of directors, the Chinese economy is still moving forward rapidly in accordance with the low inflation path he designed.

In 2003, when Yang Shaozong returned to Shenzhou Industrial Holdings Group as chairman of the group, the e130 branch launched by Shenzhou Shenbao Aircraft Manufacturing Company finally obtained an American Airlines license. At this time, the e130 had already produced 60 aircraft in China, and the first batch was operated by United Airlines.

In the Asian market, e130 has received more than 400 reservations. If nothing unexpected happens, Shenzhou Shenbao Aircraft Manufacturing Company will become the three major regional aircraft manufacturers that compete with Pontard and Embraer.

However, Shenzhou Shenbao Aircraft Manufacturing Company is accepting a cooperation plan with China Aviation Industry Corporation. Shenzhou Shenbao Aircraft Manufacturing Company will acquire some of the subsidiaries of China Aviation Industry Corporation and reorganize the new Shenzhou Aircraft Manufacturing Group Corporation, with AVIC accounting for about 30% of its shares and re-investment in the development of a new large aircraft project.

Before this, Shenzhou Aircraft had actually invested seven years and had invested nearly 2 billion yuan in pre-research work.

Under the leadership of Yang Shaozong, Shenzhou Industrial Control Group significantly accelerated its new expansion, and its subsidiaries began to integrate shares. Through the overall listing plan, the total national shareholding of Shenzhou Industrial Control Group has been slightly reduced to 37%, while Zhongqi Group still maintains its first shareholder seat of 45%.

The subsidiaries of Shenzhou Industrial Control Group began to clarify, including Shenzhou Swedish Electric Locomotive Manufacturing Company, Shenzhou Bank, Shenzhou Yinruida Financing Company, Shenzhou Electric Control Group, Shenzhou Shipbuilding Industry Group, Shenzhou Automobile Industry Group, Shenzhou Engineering Machinery Holding Group, Shenzhou Iron and Steel Metallurgical Group, Shenzhou Rio Tinto Resources Group, Shenzhou áng Industrial Holding Group, Shenzhou BB Electric Co., Ltd., Shenyu Automobile System Engineering Company, Shenzhou Electric Appliances Co., Ltd., Shenzhou Shenbao Aircraft Manufacturing Company, Shenzhou Land Company, Shenzhou Power Investment Corporation, Shenzhou Port Service Group, Shenzhou Shipping Group, Shenzhou F Bearing Company.

On December 10, 2003, Shenzhou Automobile Industry Group and Yinruida reached an agreement to formally merge Scania Automobile Company, and at the same time reached a joint share agreement with Volvo to jointly manage Scania Automobile Company.

On December 27, 2003, Shenzhou Shipbuilding Industry Corporation launched its own 300,000-ton LNG liquid natural gas transport ship, breaking the Japanese and South Korean monopoly and making China the third country in the world with this production capacity.

On February 13, 2004, Shenzhou Shipbuilding Industry Corporation launched its own gas turbine engine system, completing the overall construction capacity of the entire 300,000-ton ship.

After Yang Shaozong returned to the Shenzhou system, the development of the Shenzhou system began to become more rapid, and Yang Shaozong also continued to travel around the world to find global development for the Shenzhou system.

With the rapid growth of Zhongqi Consortium and Shenzhou Group, China's economy is developing rapidly in the low-inflation system designed by Yang Shaozong. Following its basic logic of "relatively low wages and relatively high welfare", the central government finally restored fiscal profits in 2005 after four consecutive years of deficits.

In 2005, China's total GDP grew to US$2747 billion.

Unlike Thailand and Indonesia's growth before the Southeast Asian crisis, China's housing prices have increased by only 1.4 times in the past decade. The real estate prices in the capital and Songzhou are firmly controlled by the 8,000 yuan per square meter mark, while housing prices in Guangzhou and other places are accused of being 6,000 yuan per square meter.

One of the main driving forces for China's GD growth comes from infrastructure investment. The acceleration of national first- and second-level highways and high-speed railway construction is obvious. The country's expenditure on education can maintain a stable level of 10%. The country's compulsory education has been raised to high schools and five-year colleges, and in fact it has begun to develop into compulsory university education.

The national medical insurance expenditure and housing security expenditure have increased the most. The housing renovation projects of 230 million farmers have been solved through rural fundraising and building housing, and the housing security has been solved for 114 million urban residents by raising funds to build houses in small towns.

From 2001 to 2005, 17,000 new agricultural cooperatives were added nationwide, covering 43 million farmers, 3,432 new cooperatives were added, covering 13.14 million farmers, and 43,000 new cooperatives raised small and medium-sized enterprises, providing more than 40 million employment opportunities to local governments.

The main driving force for China's growth is exports. In addition to the continued increase in the advantageous exports in the 1990s and gradually upgraded, China's exports, including ships, machinery, electrical and telecommunications equipment, aircraft, semiconductors, electrical appliances, medicines, etc., are growing rapidly. The total exports of the machinery industry, telecommunications, electrical, ships and automobiles surpassed South Korea, ranking fifth in the world, second only to Germany, the United States and France.

In the past five years, China has not experienced inflation of more than 2% in an average annual growth rate of more than 10% each year. This miracle has begun to become the main research object in the international economics community.

Although China's per capita wage growth is not large, China has gradually completed the construction of a social welfare system in the past five years, and has continuously increased domestic welfare expenditures in education and medical care by building a large-scale model of community welfare hospitals and vocational and technical colleges.

In the past five years, China has provided a total of 44 square meters of housing per capita to 350 million people, and provided basic medical insurance and 12-year compulsory education to more than 1.2 billion people. Each citizen can enjoy more than 70% of serious illness insurance reimbursement if he pays 120 yuan per year, and each citizen also enjoys a social medical subsidy of about 300 yuan per year.

To a certain extent, this is also a major expansion of the banner state model.

By implementing more agricultural joint operation models across the country, more than 400 million farmers can switch employment between agriculture and industry. Through support policies for township enterprises and compression of social logistics costs, the urbanization construction of small and medium-sized towns has been significantly accelerated, promoting the development of the entire society.

In July 2005, at the first Asian Economic Summit held in China's Banner State, China, South Korea and Southeast Asia, India, Pakistan, Uzbekistan and other countries reached a final consensus to jointly promote the establishment of the Asian dollar and establish the Asian national bank. The Asian national bank was launched by the Asian national bank for settlement and trade in Asian countries. The Asian national bank was also a guarantee bank and regulatory bank for central banks of various countries.

All the theoretical and construction work of Yayuan was basically completed by Yang Shaozong, and he was also called the "father of Yayuan". In October 2005, he won the Nobel Prize in Economics for the second time with the "Asian International Monetary Guarantee System and Settlement Model". His contribution lies in the introduction of a new settlement model and guarantee structure for the world international currency, so that small and medium-sized economies can get better buffering and risk guarantees in the world's financial crisis.

As of 2006, the foreign exchange reserves held by the State Administration of Foreign Exchange of China reached 4.8 trillion US dollars, of which 25% were used to invest in gold, 10% were used to trust investment in international securities markets, 15% were held in bonds of other countries, and 50% were held in US dollar and US dollar bonds.

The State Administration of Foreign Exchange has invested more than US$140 billion in the Guohui Fund of Zhongqi Trust, with a cumulative capital growth of US$1.7 trillion. It mainly invests in major international resource companies, funds' stocks and securities, and holds some gold and risk hedging contracts to hedge against the risk blow caused by the possible decline of the US dollar.

In December 2006, Yang Shaozong, who did not intend to sell short mortgage loans, publicly claimed that the US sub-mortgage economy had already shown a major crisis, and 40% of new housing was invested in housing. If the Federal Reserve and the US government did not make compulsory adjustments and stricter supervision, US sub-mortgage loans could trigger a very large-scale global economic crisis.

With Yang Shaozong's huge influence in the international economics community and the international capital market at this time, the market value of major U.S. financial institutions fell significantly, which sounded the alarm for the global financial stock wave at its peak.

From its listing in 2003 to December 2006, in three years, the market value of Zhongqi International Financial Holdings Group has increased to US$711 billion, up 2.27 times, becoming the second highest-priced company in the world.

With this market value growth and 42% of the equity in Silicon Silver Group, Yang Shaozong ranked the richest man in the world with a net worth five times higher than Bill Gates.

In the past few years, the biggest change that Yang Shaozong has brought to the world is that the list of the Fortune 500 in the world has been changed by half, Silicon Silver ranked first, Zhongqi Financial Holding Group ranked second, Shenzhou Group ranked third, Yahoo Company ranked fifth, and he called it the "21st Century Tsar".

After the end of the Internet bubble, Silicon Silver Group will roll over US$200 billion in cash flow into sub-mortgage loans in advance. Before 2002, at the lowest level of world resource prices in the past decade, it has greatly intervened in the world's resource industry. By increasing its holdings in Franklin Resources, Zhongqi Blackstone Fund, ExxonMobil Oil, Shell Petroleum, Vale, BHP Billiton, Rio Tinto, China Petroleum, Sinopec, and Canadian Natural Resources Corporation, it has become the world's largest resource investment company.

In the new technology field that Silicon Silver Group is best at, Silicon Silver still holds a long-term holding of four major network companies, Yahoo, eby, Amazon and iq, and has increased its holdings in ibm at the lowest point, becoming the largest shareholder authority of ibm and adjusting ibm transformation.

In Yahoo's control, Yahoo not only firmly consolidates its largest international search, portal, email, online games, blogs, and Weibo business, but also joins hands with Ericsson to launch a new ed business through the success of ed, becoming the world's largest smartphone and tablet supplier and the world's largest music, movies, and video download service provider.

iq has transformed into the world's largest online community, instant messaging and connected game service provider.

Silicon Silver Group also established its own electronic banking business. Through the integration of Lotus Software Company, Lotus Software Company has continuously adopted a strategy of mergers and new R&D, launched new smartphone and tablet operating systems, launched a new desktop computer operating system, and competed with Microsoft.

Now, Silicon Silver has its own system called Silicon Union Alliance. In this system, there are four major network companies, ibm, HP, md, Shenzhou Electronic Control, Lotus Software, md, Sony, Samsung, Lenovo, Meiqi, i and many other companies. We have formed a huge camp to compete with the Microsoft, Intel, Apple, Panasonic, Nokia, and Motorola alliances.

Silicon Silver Group ranked first in the US with a global market value of US$799.2 billion. Yang Shaozong is the largest shareholder in Silicon Silver, but he only owns 12%, which is the reason why he can safely and worry-freely sit in the first shareholder of Silicon Silver Group.

He stated that he would not participate in the investment in Silicon Silver's management, and Silicon Silver did not increase its holdings in every share allotment.

Silicon Silver is headquartered in San Francisco and he never cares about it. In order to avoid technical problems, Silicon Silver also cut its MD shares to 4%.

In the global market, Yang Shaozong also holds a major stake in another company - the American Baifuchen Investment Company. The investment scope of this company is more complex. Now, they mainly invest in the new energy industry.

Silicon Silver, Zhongqi, and Shenzhou are also investing in new energy.

People say that Yang Shaozong is the "tsar of the 21st century". Every investment trend of his is the focus of people's attention, because the new direction he chose must be the general direction of international capital flows.

When he said that there were major problems with the sub-mortgage loan, the entire sub-mortgage loan industry was shaking.

Although Morgan Stanley and Lehman Brothers continue to claim that the US economy is good and there is no problem with sub-mortgage loans, people are starting to doubt after all.

Yang Shaozong did not go to the United States, he just fought and shouted in the air, cracking down on the credit crisis of secondary mortgage loans again and again.

Finally, a large number of institutions began to try to reduce their holdings of sub-mortgage loans.

This time the withdrawal was relatively slow. Some institutions hesitate, while some institutions did not hesitate, so the withdrawal speed in capital was relatively slow. However, as the withdrawal speed increased, people increasingly felt that the US real estate crisis was coming.

For any economy, using housing investment as the backbone of the economy is itself the most dangerous choice.

The worse problem is that the United States has not yet withdrawn from the quagmire of war, which has put the United States in greater debt pressure. Finally, Lehman began to seek assistance.

Since the second half of 2006, the US mortgage crisis broke out early, which can only be regarded as a financial turmoil. Lehman Brothers did not collapse in the end. It was merged by Goldman Sachs and the US government provided 12 billion US dollars in aid.

The entire international community experienced a round of dynamics in 2007, and most financial institutions suffered a certain degree of losses, but this loss is relatively acceptable.
Chapter completed!