These days, leaders of the United States, the European Union, Japanese benzene and major Asian countries have to pray for the Chinese economy before going to bed. The world is gradually trapped by China's huge capital force with the help of cheap labor, raw material demand and foreign investment. Once the Chinese bubble burst, all bubbles in the world will burst together." - Excerpted from the New York Times in May 2004.

Just when Song Weiyang returned to China, the "China Economic Collapse Theory" became popular again.

What’s funny is that this time it was not Western economists who deliberately criticized China, but they really believed that China’s economic bubble was about to burst. Moreover, everyone was praying for the Chinese economy, hoping that China could continue to hold on. 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 consecutive emergency meetings in May to analyze the impact of China's "brake" on South Korea. The results of the meeting discussions were scary, because 18% of South Korea's total exports and 88% of its trade surplus all came from the Chinese market. Once China's economy collapsed, South Korea faced even worse than the Asian financial crisis.

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

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

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 has become so hot that it can boil water. Last year, the total investment in China's steel industry increased by 96% year-on-year; investment in the electrolytic aluminum industry increased by 92.9% year-on-year; investment in the cement industry increased by 121.9% year-on-year... These are completely disorderly blind investments, and if not curbed, they will have extremely bad effects.

The real estate industry, including the real estate industry, are all targets of the central government's "brake". The cold winter of real estate is approaching, and the housing prices of the two villas that Song Weiyang bought last year instantly dropped by at least 20%!

The Chinese stock market, which was about to die, was directly facing an "avacan" and major dealers such as the Delong Group declared their demise one after another. Guo Guangchang, who has been obsessed with capital operations in the past two years, has a capital chain that has tended to collapse, and the entire Fosun system has been included in the "cautious loan" list by banks.

The private enterprises that tried to enter the upstream monopoly industry were almost wiped out in this storm. Including Song Weiyang, the aluminum-electric project that was invested by the Taurus Club members, was also urgently stopped by the central government. Liu Yonghang was as anxious as an ant by the pot, and asked people everywhere to ask him to let him go.

In fact, Liu Yonghang's aluminum-electric project is divided into several small projects, and the only one that has been stopped is the electrolytic aluminum project. The alumina project not only has not overheated, but is urgently needed and in short supply in the market, and requires a large amount of imports every year. However, this is the monopoly business of China Aluminum Group, which has been implicated this time and has been in a state of "stop production and under investigation".

After Song Weiyang returned to China, he was immediately pulled to the capital by Liu Yonghang. The two of them ran many ways in a row, and were all told not to move for the time being.

Fortunately, the project funds were raised by themselves. If they came from bank loans, all the billions of investments would be wasted. Only Guo Guangchang was miserable because he also invested tens of millions of dollars and came from the securities market. Song Weiyang hurriedly mobilized funds to help him fill the hole.

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

But Song Weiyang said it was not important to this, because the electrolytic aluminum project that was stopped was a phase II project. The factory was just repaired and had not had time to start production, so everyone didn't spend much money. The first phase alumina project that was "invested" was strictly speaking, it was not the target of brakes. When the gust of wind passed and the momentum of overheating investment was suppressed, you could find a way to resume production, and you could still count money while lying down - at least before 2008, it was a profit-making industry.

Private capital complained about "stepping on the brakes", but the central government had no choice but to warn repeatedly and tried to use financial leverage to cool down. However, enterprises and local governments ignored them and could only use this tough method to interfere.

Because China's economy has developed too fast in the past two years, private enterprises feel that they can make money when doing anything, and the massive influx of foreign capital has made the local area happy.

Everything was going on in a 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 directly soared to an annual output of 8.4 million tons, and the project budget actually reached 10.6 billion yuan. Local banks did not do risk assessments and directly loaned him more than 4 billion yuan.

Foreign-funded projects are even more popular. The Australian project of 1.7 billion yuan in a certain place only took one month from negotiation to obtaining a business license. Among them, more than 20 days were negotiated, and it only took one week from submitting application materials to issuing the certificate.

This is obviously an illegal operation, because according to the law, foreign-invested projects with more than 50 million must be followed by the central government, and foreign-invested projects with more than 200 million must be approved by the highest authorities. It cannot be approved in less than a year or two. However, from 2002 to 2004, such illegal operations were everywhere, and local governments no longer cared about anything in order to pursue economic growth.

Then, the pig killing began!

Some wealthy people on the Hurun Rich List were investigated by the industry and found problems, and since then they have gone to the "Hurun Pig Killing List".

It is this mess of economic chaos that makes scholars at home and abroad feel that China is about to collapse, but they will soon be shocked. Because China's GDP growth in 2004 reached 10.1%, which was the fastest year of economic growth in the past decade! Faced with such data, domestic and foreign economists are almost crazy, and they have the urge to turn out university textbooks and tear them off.

"nice shot!"

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

Guo Guangchang shook his head and smiled bitterly: "This year, I can only shrink and practice the ball."

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

"Thank you, no need," Guo Guangchang handed the pole to the caddy, "If you get beaten, you have to stand attentive. I am not ready to resist. Since the country wants to investigate the steel industry, let the tall man come out and support me. I give up my controlling rights and hand over the steel company to state-owned enterprises to reorganize it. There is no need to choose to hold on in this situation."

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

Liu Yonghang said: "It was my thing, why should I give it to state-owned enterprises?"

Song Weiyang sighed: "From a business perspective, you are asking for trouble. If you hand over the aluminum-electric group to China Aluminum Reorganization, you will be able to reopen immediately, and there will be almost no losses."

"But I will lose control of the company. After the reorganization, I will not be my company. I can only become an ordinary shareholder!" Liu Yonghangdao.

Historically, Liu Yonghang would rather stop work indefinitely than let Chinalco reorganize. It took three years to resume production. He encountered the economic crisis in 2008 when he was released. He almost lost money and finally reached the time to make money.

Song Weiyang smiled and said, "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 domestic mobile phones now, the entire industry has been ruined, and no matter how high the sales are, it will not make much money. More than half of the domestic mobile phone manufacturers are losing money."

"You're very light," Guo Guangchang said angrily, "If you also invest in a large amount of related industries and suddenly encounter an industry investigation, you won't even cry when you cry."

Song Weiyang said: "I'm not stupid. My father was going to build a steel factory, but I stopped him and asked him to continue to make cement. You see, the investment in the cement industry is the most overheated now, but the inventory intensity is far less than that of steel. My father'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 all as fools!"

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

"Can I stop me?" Song Weiyang said, "The thing you are most proud of in the past two years is to acquire steel companies and make a lot of money from it. Now it is just to make less money."

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

The caddie was observing the next ball, and Song Weiyang suddenly received a call, which was called by Shen Si: "Boss, Top's new boss called me. I want to ask you to pick up Top's eastern software industry just like taking over the Western Industrial Park."

"What price?" Song Weiyang asked.

Shen Si said: "The other party offered a price of 100,000 yuan per mu, with a total price of 50 million yuan. All ground buildings are free of charge, with a total of 63 format buildings, of which 12 are Western-style small villas. The premise is to bear the corresponding debt, and the total debt amount exceeds 250 million yuan."

That is, the total price is 300 million yuan, and 500 acres of land is also included with 63 buildings. The address is in Nanhui, and it was later transferred to Pudong as a whole, more than 10 kilometers away from Disneyland and less than 10 kilometers away from Pudong Airport. This price seems to be very cheap, but it is industrial land, and the commercial land here has long exceeded 500,000 acre.

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

"Okay." Shen Si hung up the phone.

The Top Empire, with a market value of over 10 billion, is already shaky. The boss Song Ruhua has even ran to the United States. Before he left, he sold his equity worth hundreds of millions of yuan to his two subordinates, selling a total of 2 yuan, one yuan per person. Of course, the value is false, and the debt is purely negative assets.

Shenghai's Top Eastern Software Park is a mess. There hasn't even been a pile in more than 60 buildings, and the construction cost per square meter is only 300 yuan. In a big city with loose geology like Shenghai, if you dare not build foundation piles, Song Ruhua is definitely a top talent. He also specially hired experts to demonstrate that as long as the height is right, there is no problem, so the buildings in the software park do not exceed four floors.

In Song Ruhua's original words, "Piling? Is it worth not to drive piles? Build money underground and no one can see it. What's the use?"

Song Ruhua has been dragging such a cheap construction fee. Even the fish fry in the park lake is only a few hundred yuan, but he still owes cheating. The buildings inside can only be said to not collapse. The quality of the project is so poor. Some leaders who came to inspect fell into the pit of the patio and fell to their heads and bloodshot because they were reluctant to repair the guardrail next to the pit.

Song Weiyang was willing to buy the Western Industrial Park because the buildings there were relatively reliable. But when he arrived at the Eastern Software Park, Top could no longer afford the money. He negotiated 100,000 yuan per acre for land. As a result, in the end, 50,000 yuan per acre was only paid for the first phase. The remaining money was said to be deducted from taxes. The problem was that there were not many taxes in the years.

If he takes over the Eastern Software Park, Song Weiyang has to demolish and rebuild those buildings. It would be better to buy wasteland directly.

What's more, Song Weiyang was able to "predict" the future. Even if Top didn't choose to sell it, it would be forced to be reclaimed in a few months. The local court auctioned 500 acres of land in the Software Park for a price lower than the commercial land (500,000 yuan per acre), but failed to sell it twice in a row. No one was willing to take over the mess. The local area could only buy it for 250 million yuan, and the money was used to pay Top's creditors, and it was a bit too much to pay off the debt. This matter was rumored to be a joke at the time.

Song Weiyang didn't have to wait for the court to auction, because it would cost 250 million yuan. He could contact the local area before the auction and pay more than 100 million yuan to buy it for industrial land.

Of course, it is not a software park, but 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 be opened to traffic, and it will be connected to the soon-to-be-open Hulu Expressway, which is not far from Pudong Airport.

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

Ten years later, the express delivery industry will flourish and this logistics center will be extremely valuable.
Chapter completed!