[ZT] Industrial Death Entrepreneur misappropriati

This is a dangerous signal. In recent years, our industrial growth rate is gradually slowing down, does this mean, that was very brilliant,
One day, we may suddenly find that we have with their Apple, Siemens, Panasonic pass, and the birth of China's Jobs and Inamori, it will be ridiculous ... whether industrialist are keen to make rapid money,Diesel Store, China's world-class companies and world-class brands to get down to? On high-rise erections built on quicksand, but a few storms Kang Zhu several earthquakes?
entrepreneurs with the money game
Maybe we should not blame the entrepreneurs to impulsive attitude.
Supor sale and foreigners, the Younger involved in real estate development, the league turned to PE, GEM executives resign cash ... ... When people have proud in Industry representatives frequently a track of bitterness and helplessness.
amassed bit by morsel, at the end of the day, snowball-style development, long years to acquire hard cash, so that whichever industrialist is unbearable, so do the industrial people forever in a state of misgiving and weakness. The accumulated years of industry
the other side, entrepreneurs who are often in front of the temptation to enlarge: China's surging capital markets, investment opportunities are emerging. Natural capital, profit-driven, making the industrialists to use
However, when industrialists to
from the original lofty Industrial serve the country,New Diesel Jeans 2011, to now have been calculating about quitting, had to quit, the decline of the downturn in sight, but with the substantial needs of China's economy had a great fall. In fact, the transformation and upgrading of China's industrial economy is facing a major moment in the pressing need to enhance domestic demand and foreign trade are the key nodes need industrialists via the clutter and go all out. But we see, industry is still feeble. Without physical support, but the capital market is a mathematics game.
Indeed, Chinese companies once again stood in the international situation will be when the jaws, the air has intensified speculation. Followed by funds spume worries, and China may face industrial depression at any time, to bring a
This is a torture of Ice and Fire. Industrial capital? Investment, assumption? Is undoubtedly the dilemma of choice. So, in this time of magnificent transformation amid China Industry what ought we do?
Why do we absence industrial? Because only the real economy in array to increase the absolute social asset. Lang believes that the real economic boost to go up only by the real economy.
focus Zhejiang Industrial Transformation
What is Industrial? The meaning of industrial diversity, but only to increase the total wealth of the industrial society called Industrial. The virtual economy is only the redistribution of social wealth.
but 30 years since reform and opening, and the hot money hot money intellect as usual flu, infection and toxic industrial. Sample area called the private industrial Zhejiang, is one of the most typical case.
maladroit businessman

This is a typical enterprises in Zhejiang. Forced companies to upgrade the financial crisis. He wanted to make a conversion in domestic trade. But
once Zhejiang Private Industry-hing, from vigorous private capital. In the years that the absence of investment outlets, many private enterprises in Zhejiang Province of wind and water new, it is raising private asset relying on the right alley. Now the opposite face of the other areas to more money faster, private capital is no longer willing to pave the way for low-margin industrial enterprises.
The owner chose
reside Zhejiang Foreign Trade.
2010 in the first half economic revitalization, foreign trade business of another blowout seemed to give him wish. However, in contrast, despite significant bargains growth, corporate profits continued to ebb. plus the appreciation of the renminbi, not many companies almost offset the profits obliterated out.
Even the famous O'Connell
shoes, they can only make $ 0.8 or so.
This is the moment of industries are still struggling to adhere to the reality of the plight faced by enterprises in Zhejiang. On the one hand trying to upgrade, but money is often not a transition, to eventually begin to fight costs. For this cause, many owners regard the Zhejiang industrial factories moved to lower-cost India, and Vietnam.
the other hand, the profit margins of manufacturing enterprises has again ziped, and will beyond lead to reduced industrial investment company. People's Bank branch in Wenzhou metropolis, according to statistics, in September 2009, Wenzhou City, only completed 13.555 billion yuan industrial investment, down 10.4 percent, has lasted 14 months in negative growth.
best reflects the industrial rumble of the Wenzhou plant rental price, the highest since 2007, when the 25 yuan / square meter all the way down, has now dropped to unattached digits - and the commercial land price skyrocketing in stark contrast to .
industrial capital Predicament
fact, unlicensed Zhejiang has a realistic businessman, had just hoping to fared industrial investment success. But the face of increasingly severe industrial operating environment and increasingly hasty and efficient return on investment, industrialists go from here?
transferred from the Industrial to invest, is undoubtedly a extra
a class of owners' two take into account Financial crisis, Zhejiang and almost all manufacturing companies are shrinking the size. Remaining funds, the property market is the largest area. In house prices have soared, driven by manufacturing enterprises to invest in real estate very gainful, most famous Younger, its return on investment even more than the main industry - which created a huge motive.
Second, 1 October 2009, Wenzhou City, the Securities and Exchange measured to 920.761 billion yuan, up 66.67%; Wenzhou number of new accounts 66,536, an increase of 17.91%. Wenzhou employer said a lot of bag is a bag carrying sacks of money to business ministry to open an account, even accounts because also many people have to find people to list
In addition, such as a boss, or even the corporate finance platform, into its own another way of making money. Zhejiang Boss Xie Yi (a pseudonym), a good cash flow because the company can find security company, it is cozy to get bank loans to 30 million yuan less. He took the money out of this part of the premier interest rate to increase somewhat, lent much-needed funds to the enterprise.
fought another boss is completely invested. Supor to do the domestic industry, the world's fourth-Su Zengfu production is a typical circumstance. The end of 2007, he Suphardly everld to foreign investors, cash over $ 2 billion invested in Zhejiang then an isle, prepared to develop real estate and extremities,
Coincidentally, the premier of weeks German Association for the Promotion of SMEs in Wenzhou, Wenzhou, said 20% of the companies even slit off, and entire belong to voluntarism. So the original capital in their hands how to do?
Zhejiang private investment Union therefore to be obtaining aggravate. In addition to the well-known large scale private enterprise jointly formed junction of private investment, such as the Swiss consortium, the consortium Chi, more ordinary merchant is co-sponsored, with peppery money as the main capital investment in grass-roots groups. They were dubbed the nigh the trouble. Living relics of which only invest in the investment team is in the thousands, while the capital invested, light Ningbo, Cixi, the two may be by fewest several billion dollars.
Obviously,Diesel Slim Jeans, when the profitability of the manufacturing sector is getting worse, and maybe part of the industry through the upgrading or relocation of the capital the way the factory remain in the manufacturing industry, the other part of the industrial capital began from the industry, stream in the return higher areas, and very promising
chaotic phase
2009 August, real estate for business owners to invest heavily in mining, industrial investment is basically zero awkward situation, Zhejiang Province Development and Reform Commission has convened representatives of fabrication companies, that at the peak of companies are willing to increase industrial investment, the government will exclusive tax policies to be - unfortunately to be a handful.
While the elapse year, the good-seeking private capital of Zhejiang face an unprecedented crisis - crashed out of abroad marts; trapped in Shanxi coal integration, the never-ending search for high-risk, tall return investment opportunities.
equity trading for the difference, here to bear the risk is not especially large.
phrase. Like him to switch the funds to PE / VC in Zhejiang and a few, seem to support industrial enterprises, but the final goal is profit-driven.
In increase, capital of Zhejiang people Many investors from early 2010 began to bet on non-ferrous metals market, hoarding, mighty entrepreneurs and even bought the mine, waiting for appreciation,
Zhejiang
much sought after public funding was also the gold market and commercial real estate market. Commercial real estate the same hot, it was a one-time buy of a 2000 square meters in Pudong Shanghai bureau; was quickly dealt with in Shanghai after the multi-housing elements, with more than 40 relatives and friends have purchased more than 200 shops onward the avenue ... because regulation, mainly for residential, commercial real estate basically not affected.
no renouncing the fact that businessmen are realists, investors are opportunists, which are two entirely different inner drive. When the businessman began to shift to investment, while public funding has been accustom to Kuaijinkuaichu Zhejiang, the pursuance of high returns, the return cycle is long but low-margin industrial economy, if they have much of an attraction?
If the four-seeking entrepreneurs, Zhejiang people switch to the local capital investment benchmark, which was seen as a model of domestic industrial enterprises of notable enterprises and entrepreneurs, they noiselessly transformation is undoubtedly more perilous signal.
those
This is a big industrialist turned capitalist transformation of the era.
SASAC ordered out of real estate 78 central enterprises is undoubtedly the first half of 2010, cumbersome newspaper. However, after only six months, but no more is heard of this news. Why go on fighting the central enterprises of real estate? A catena of simple data is enough to reveal the answer: In 2009, real estate development business revenues accounted for only China State Construction Engineering Corporation the total revenue of about 9%, but because its mean profit margin of 22 percent, contributed to China State Construction Engineering Corporation 48% of operating profit - this is not the exception. National Development and Reform Commission as a real estate is high-risk investment area. High-risk nature of high profits.
not profit can not afford early. In truth, not only the chief level, which was seen as a prototype of well-known domestic industrial enterprises and business entrepreneurs, they are act? They have been the main industry in their glossy arrival, already began to flash turn maneuvers, secretly layout zone of ​​investment - investment in these non-core business to capture a share of some companies, even distant beyond the aboriginal main industry.
specimen one: user electronics giant beach real estate
typical case: Gree, Midea, Haier
Gree this is an wonderful concentrate on industrial cases. General trend of capital riches, easy But Dong jewelry two years and it cling to the / p>
4 years afterward to see this sentence, but some different kind of taste.
2009 年 completed only in November Gree backdoor listing real estate in 2010 mid-year report loosened in August showed that its operating income of more than 500 million yuan, up 913.5 percentage over the previous year - a full turn nine times! To enter the real estate fewer than a year, Gree Gree Group, real estate has transform a well-deserved three industrial structure is an essential sector.
Why
Gree air-conditioning keeps concentrate on investment in real estate will go to?
the one hand, the traditional home appliance business has been quite impressive 5% of gross profit, but with about 35% of the real estate industry, a percentage of gross profit margin, suddenly dwarfs. Compare manifold home appliance industry leading real estate company with 2009 annual results we can see, Gree, Midea, Haier's 2009 web profit, respectively, 2.913 billion yuan, 18.9 billion yuan and 1.149 billion yuan, while the leading housing prices of the annual net profit almost doubled over the leading home appliance - spread out there, this is a great temptation.
the other hand, Gree stable cash flow, there is a big mark, as well as long-term business down with the local government's good relations - a alignment of these three resources,Diesel Jeans Sale, appears to be high-risk real estate has become a very low risk, Gree real estate, in time, or the National Cheng Kung University.
but we can not dodge the question is, do make industrial and investment objectives are assorted, totally differ route. First, if necessary based on a sprint Gree viewpoint to do real estate, then the main affair of real estate as do the industrial enterprises, will be a colossal shock? Will not disrupt the regular real estate market? Second, the nature of capital is profit-driven, if the basic industry, Gree air-conditioning as profit margin, profit growth is almost pedaled by the real estate business, Gree will not give up against as yet as to loosen or even do the air conditioning, devoted real estate? If so, say from a deeper level, it means that China's light industry, principally a major appliance field of aphasia quality productions!
these two torment, no doubt reveal the Gree shore backward the huge real estate hazard.
addition Gree, Midea, Haier ... almost all of the home appliance giant in the field of real estate below his cloth pieces.
Sample 2: Transformation
typical case: Liu Yongxing, Liu Yonghao
printing of a joke, when the Liu brothers business,Diesel Womens Jeans, banks are unwilling to loan even 1000 dollars to them.
two brothers are not the mainland richest under 10 account in the However, industrial upgrading and restructuring the face of oppression, they chose very different development path.
Liu Yongxing's kernel ability is low. Feed market is extremely competitive, the industry average profit as low as 1%, but why Liu Yongxing oriental hope will be able to feed about 5% profit margin control. At the same time, in 2002, when the feed industry profits are falling, Liu Yongxing seeking to upgrade and still chose to invest in industrial - production of aluminum. Aluminum industry and feed industry seems irrelevant, but after Liu Yongxing mate, the two actually had magical associations - coal thermal power generation, steam is the main by-product, and Liu Yongxing feed business, lysine One of the main components of the feed, lysine must be used in steam production. Thus, Liu Yongxing charted from Aluminum Composite - cogeneration - lysine - feed such a solution of circular economy, saving the cost of industrial linkage.
Liu Yongxing this
contrast, Mr Liu is very easy to do. Mr Liu is the most commendable investment in Minsheng Bank. January 12, 1996, China Minsheng Bank in Beijing formally, Mr Liu as vice leader of the founding shareholders. Several years later, the investment to bring billions of dollars for his return.
Moreover, in 1995 the disjunction of brothers, Liu Yongxing that years, Mr Liu will guide the New Hope Group A-share market. After more than a ten-year, Liu Yongxing admits he is not a long-term public narrations, to take the land, real estate is not able of their own, face the temptation unmoved, while Mr Liu is in real estate, finance, and even invest in natural gas and chemical energy rather gains. Just recently, Mr Liu was also comprised in investment in the original author of Target Media and Ma Yu Feng, set up a
Obviously, the same as the first generation of private entrepreneurs, the brothers endured several storms and not down, equally successful, yet , to investment in a
Sample III: Venture thrust
typical case: Shen Peng, Bo Shao, Lei Jun, Wu Ying
This is a history of undertaking development financing was gradually covered the history of the era.
hand the achievements of the UT Starcom myth of the It had been seeing amenable to his comeback, but back then, he has altered into the role and Lee Investment Group (CTC), a senior partner.
, while a few companies can do, why you do one? so many opportunities in China, there should be many good opportunities.
Mr. Wu is the way
entrepreneur turned from a typical representative for the investors, but that does not mean that investors in the navel turn, only those near ample entrepreneurs.
Wu Ying Lei Jun's transformation is nearly the same time. The Kingsoft sometime CEO, made in Jinshan full 16 years, spent eight years in which the action of Jinshan listed. He was in the ultimate 70 days after the Hong Kong-listed Gold Peak resolved to resign, then began to activity a fashionable role in Zhongguancun - saint investors. It was said that one of the founders Jinshan Zhang Kailong have been so for the 1st time in 16 years, Lei Jun burst.
Obviously,
This seems reminiscent of the moment of the GEM executives resigned money.
them or will choose, is a meteoric rise in recent years, but the temptation of the line of business - Shen Peng, Justin, Yang Lei, Zhang Xingsheng, Hong Zhou, Feng Deng, Hurst Lin ... ... are some of the industry's outsize label.
way they prefer to turn to investors, will own the resources, experience and courses to share with the juvenile male, let it take some detours less, another success, to be much more telling.
money when its hard collared political power, not as agreeable as another direction to invest in transformation, students everywhere.
More and more companies - the China's best companies, is trying to knot him down to get rid of industrial heart, to connect the ranks of the dictate of capital operation. To tilt the balance of the weight is what? Those for industrial troubled elements, where is?
industrial heart of why the cooling?
This is indeed a profit-driven industrial heart of the heart and capital intense game. Unfortunately, we see the industrial heart is gradually cooling, and the capital's heart is raging agitation. Representatives of them, no doubt it is those in the middle of industrial areas and the capital of listed companies.
balance of power, is tilted. Then, slant the balance of heaviness to what? Those for industrial distressed factors, where is?
refuge capital of listed companies
According to lacking statistics, A-share listed companies have alien investment action of almost a thousand, investment income in 2009 totaled almost one hundred billion. Overall, the three characteristics:
First, ups and downs. 2008 net income of A-share listed companies to invest nearly 220 billion yuan in 2009, has fallen to 100 billion yuan or less. The Younger, case in point, an asset shorten due to market volatility, investment income decreased during the first half of 2010 20% of net assets worth, net profits fell by 59%;
second is unevenly dispensed. Foreign investment is the main Bank of China, Industrial and Commercial Bank, CITIC Securities, Southwest Securities and other financial traditions and the oil, electricity and other Yangtze giant central rate. Most acts of foreign investment companies is restricted to use Non-financial institutions are keen on foreign investment are Younger, Fosun, public transmission, Waigaoqiao, several;
three have earned is lost. 2009 anniversary report unveiled that only amounted to a loss of 140. These are the stocks caused or participated in private nestle, has been No people on globe know, creature able to mantle, as well as non-listed company's equity investment in the end how much latent detriment.
Younger and Fosun
A-share listed companies is foreign investment,
the country back into the tough location
listed private enterprises can do this step, to a certain amplitude, become a public company, do not make a big error at all times no living in alarm. But in hundreds of ten thousand private enterprises, to market less than one-thousandth. Most private enterprises are struggling, and even the loss of the aptitude and goodwill to expand production, which is the current socio-economic backdrop are inseparable.
3 decades of reform and opening to brand the occasion, we feel the growing impetus because reform dissipated.
reform and opening up of the planned economic breakdown in the country's China today in a The two sides of the stalemate, indicating the year the accordance is already broken!
the first cracks in the common population between vested interests and monopolies. Enjoying high fuel prices, people, do not have the Second in the different levels of government departments. July 22, 2010, the State Council published Article 8 is: facilities and networks. The head of SASAC, said 5 years ago,
away from Yang Rong of Brilliance, to the ; down the drain in Shanxi, Zhejiang China-owned private economy in the end ... ... there is much space for the survival and development? This is not a file or two can be made to solve the problem.
entities gradually evolved into one another The maximum typical is the Shanxi coal policy. Since then local governments have to invest in urban public transport lead Zhejiang, gas and other utilities, how can you know This time is not another
loss of hundreds of billion of state-owned airlines can be a huge capital injection, the leadership intact, loss of tens of millions of private airline company goes bankrupt, the boss in jail. State-owned enterprises in the T station to go, private enterprises are hiking a tightrope. For the central enterprises and private access to the same rivalry in the industry, like a circle at the same time reserve the wolf and sheep. When the peckish wolf, the sheep can give a long fat become; hungry wolf who is too busy to save the sheep. Material harm its class, and the Wolf live sheep, though not being dined, but will be very depressed.
China has been a grain of truth the absence economy, into a extra economy. Even private enterprise In the Almost wiped out the private coal mine in Shanxi, Hebei, private iron vegetation a large area production. While no one advocates completely back to the intended economy era, but the shop and go left to the private sector Fortune! Project above the market, the pattern of market services in the program all too remove. 500 private enterprises do not surpass the sum of profits in the oil and push two! This is portion of the people interested and plan to ascend to the theory of the
industrial heart of regression
market economy is the key word If a private enterprise busy in coal logistics wants to become bigger and stronger, there must be spend control, to quest with large suppliers and consumers to establish a nailed relationship. However, large state-owned coal mines, power plants are state-owned, state-owned highways, gas stations is state-owned. Monopoly of state-owned enterprises and private enterprises in dealing with their own will feel menial, weak and helpless, for their own future and destiny can do nothing, talk about aspiration, passion, creativity?
no permanent capacity without patience. Chinese entrepreneurs on the just market once there is no reassurance, industrial center is leap to die. Short-term capital gain depends on investment, has become an unavoidable choice.
time is getting, the first generation of private entrepreneurs in more than half of the year of fate. Increasingly harsh competitive environment, can not muff with the central level, continue to fight a lose-lose private industry, eyeing the foreign. Mentally tired entrepreneurs want to cause to babies, kid are unable to bear the burden of unintentional; want to entrust to vocational directors, fearful of meet
emigrant operators to earn a living surroundings can persevere hard go, They are the best in people, the chest was burnt, - did not have a shine future, no longer the era of private entrepreneurs, according to figures on the stage spotlight!
industrial investment and finance, real estate investment is an important inconsistency among the liquidity of different. Invested hundreds of millions to build a production bottom, to realization of hanging Several sets of real estate with the money family, making a few chips of antiques, in the secondary market,
from the national level, the only system in order to enhance China's industrial end stirring up sustainable development.
Who will save
Industry?
enterprises and entrepreneurs from the outlook of reality, the shift to a more sensible investment of lesson, is more reasonable choice. But up to the national policy level, in fact,Diesel Loose Jeans, our government has long acknowledged the real economic boost to go up the only real economy, this has put a lot of support in industrial policy amounts. But, why Industries remains weak?
support industrial or country back?
fiscal crisis, China first introduced the , shipbuilding, electronics and message industry restructuring and rejuvenation program ten. Expanding domestic claim, but also to encourage smaller motorcars such as the policy, the policy of home appliances. By the tight financial policy to moderate lavish. And most people owned care, is May 13, 2010 introduced the On paper, this is in a way, support the economic development entities.
the other hand, since 2009, persisted integration of coal resources, the first half of 2010 an unprecedented regulation of the New Deal, as well as August 8, 2010 just announced the disposal of backward production capacity, and pass out the inverse marking - this is a new
In fact, this reflects citizen plan coherence and continuity in the powerless.

-known American economist Robert Lucas once told us that the Government in formulating macroeconomic policies must be clear-cut, because the formation of the government's rank is that the public expected a major economic ingredient, if the Government's rank was doubtful or inconsistent, the public can not form a clear behavioral expectations, it will lead to economic activities, hesitation and chaos, and accordingly seriously undermine economic efficiency.
nearly two decades, whenever the steel, cement, cup, paper shortage, insufficient coke, fertilizer is not spread, the competent authorities to encourage in attracting investment capital from various quarters to come. Completion of state-owned enterprises to improve the capacity and technology,

such for local economic evolution, actively sought to address local economic issues, raise tariffs, increase employ, this requires annexed investment, the results of increased investment, increased credit to emulate. This too occasioned a result, excess capability began, and the amount increases. The two reached a definite level, the Government immediately constricted. A tightening of the future, the local economic difficulties, and circulate another.
another sample, the recent macro-control theme is energy maintenance, numerous local administrations above the
this question the long-term and short-term issue tied to the practice situation can not rationally clutch the real economy in China is all about.
China's real economy did
China's real economy is fundamentally what? Building institutional mechanisms for sustainable development is fundamental.
exports, consumption, investment, economy growth is the troika. But we are still in the duration of dual economy - the urban and rural, coastal mainland bin, state-owned private duplicate. Export to dead, China's yet cheap class of consumption. Why? Not for of the social security system, therapeutic warranty, pension warranty, and so absolute, so human absence to save money, not squandering money, resulting in consumption not.
how stimulating the investment? State reform done? Yet, the industry has not lifted the monopoly, personal chief ambition no dare apt enter. More importantly, China is now entering a important phase of reform, namely is, urban-rural integration, eliminate urban-rural twin framework, urbanization rate 45%, increased along one percent point per annual, after 30 years tin reach 75%. In such a massive country, each additional by 1 percentage point, it manner namely two million farmers work to town. City to inflate the creating, shire, town to boost housing, schools, hospitals do, engage in public service facilities across the country, this namely how the scale of construction? How much ambition boost industrial investment?
Matsushita has been regarded as idols of the year, Jack Welch and other entrepreneurs are no longer prevailing, people talked about is Warren Buffett, Soros and Li Ka-shing.