Deputy Director of the China Central Party School, the remaining assets are all swept away the last

 Original Address: Deputy Director of the Central Party School: The total assets of China swept away the last remaining (and politics): The good is if the sea

- Central School Research Office of Dr. Zhou Tianyong

19 century early 20th century, China was carved up by Western powers, the late 20th century and early 21st century, China's economy has once again been carved up by Western powers. The difference only the late 19th century early 20th century, Western powers carved up with a variety of treaties with us, now is the Western powers carved up with various rules we have.

the main indicator of China is divided, is being free to squeeze the Western developed countries, the the living standards of Western countries, led to the growth of the world economy, that is, except the expense of the welfare of the Chinese people, not only at the expense of the welfare of this generation, even more frightening is the hollowing out of the resource base for future generations. < / p>

can say that the expense of future generations of resources-based approach, in exchange for wealth generation is already a crime, not to mention the destruction of this resource-style development, even this generation of Chinese people did not enjoy completely consumed by this generation of Westerners to wage was only 3% of the reason the United States, which is why 70% of the wealth master of 0.02% (the latest statistics) of the population desperately to relatives abroad and the reasons for the transfer of property, which is why the process of rapid economic growth, people will fall back into

one to look at total economic output, known as the world's economic engine in China, with its own resources, the environment and public health have contributed to Western countries, the wealth of astonishing growth. that a total of ninth in the Fortune Global Forum, a third held in China. China has for four consecutive years, to only 4% of global GDP, driven by global economic growth of 15%, four years as the world's total contribution to GDP of about 1.5 trillion dollars, equivalent to 12 trillion yuan, according to the national wage level last year, the equivalent of more than 6 years for urban workers, the country's total wages. China's great contribution to the world economy, from skyrocketing prices of the world's resources to reflect the most obvious of these Chinese imports in the world commodity prices led to an average annual rate of 70% rise in world shipping prices are more based on average annual rate of 170% of the wild rise in prices of imported products in China skyrocketing, and the crazy prices of Chinese exports fall has become the world's most incredible economic development in the history of bizarre phenomena. China in Asia's contribution is amazing, Asian export growth of 100% from China, is China to promote the economy out of the 1998 Asian financial crisis, the plight of Asia's economic powers, especially Japan, the 21st century China has maintained double-digit growth in exports, accounting for the amount of Japan's exports increased 70%, Japan admits, , quagmire out of the crisis in Japan, a major cause of economic recovery and prosperity.

However, economic development is a cost, there is no free lunch, and the world, in Asia, including Japan's economy has made great contributions to the cost of resources and the environment in China is a huge catastrophic damage. Eighty percent of dry rivers and lakes drying up, two-thirds of the grassland desertification, most of the deforestation, nearly one hundred percent of the soil compaction. According to Japanese customs statistics ten years, China's exports to Japan chopsticks every year, we should cut down more than 200 million trees, 10 years to facilitate China's exports to Japan totaled about 224.3 billion pairs of chopsticks, the Chinese forestry experts calculated, for the production of chopsticks and destruction of these forest area accounts for China's land area more than 20%. in the resource disappears, while living environment has become a big threat. third of China's territory has been acid rain pollution, the main river systems has become a bad-fifths of five water, more than 300 million rural people to drink safe water, more than 400 million urban residents breathe heavily polluted air, on the 1500 million people have cancer, bronchitis and respiratory tract, the World Bank report lists the world's 20 most polluted City, China accounted for 16. two-thirds of the national 668 cities surrounded by garbage, the garbage will not only expand the total area occupied by farmland, and more threatening the basic survival, in their own waste because they can not handle the more positive the more case, still in the Western developed countries wantonly waste imports, China has become the Western developed countries dumping garbage dump, U.S. exports to China is one of the three items garbage, and is the fastest growing U.S. exports to China of goods, in some southern areas of waste imports have been completely extinct animals, plants serious variation, the deteriorating state of health, or even years in some areas do not have a physical examination qualified conscripts. Even a simple count immediate economic loss, the loss is quite amazing, In 2003 alone China's environmental pollution and ecological damage caused economic losses accounted for 15% of GDP that year, we contribute to world economic growth, while 15%, but it is our annual net 15%.

not only the deterioration of the natural environment, the environment also deteriorated from 1979 to 2003, criminal cases per million increase from the 5.5 to 34.1, an increase of 6 times the average annual increase rate of 7%, if we take into account the standard filing continues to decrease, the difference is more and the poor; mortality rates rising, the number of deaths per 10 million people to 4.4 people by the increase in 1979 to 10.6 people to an average annual increase rate of 3.5; released by the Ministry of Health in 2003 incidence rate of infectious diseases increase of 6.7% over the previous year the mortality rate increased by 37%. Chinese security doors and windows from the original do not know what that is, to the present security windows have been installed in more than seven buildings; the rogue over and over are very hard to arrange the national enterprise is no longer up and down workers night; poisonous food has 100% coverage of the whole industry, every day people swallow the food into the stomach what is, only God knows; precocious phenomenon has spread to the pre-school children, the future of the body and life can be imagined; About 20 million adolescent girls forced into prostitution, creating revenue accounted for 6% of the total GDP, equivalent to more than one trillion yuan, the accumulation of this body is the history of the world, excluding Japan, the unique phenomenon; the Chinese than the Japanese average height were lower by 2.5 cm, the Japanese looked down from the previous to now look up the Japanese, the small Japanese really become 13.6 million, as projected, this year the number of injury deaths will reach 20 million, more serious accidents, private companies and foreign companies usually to the death of a man simply can not statistical departments, and private companies and foreign labor far exceeds the number of state-owned enterprises, if taking into account this factor, the number of deaths each year at least equivalent to a Nanjing Massacre.

II to foreign trade, China astonishing wealth of the developed countries to the West to, the history of hunting in Africa in addition to the original white people than black people do not pay, there is no trade in a colony to be plundered to this level. control what the market price of foreign trade and developing countries will find more than 95% of foreign profits taken away by foreign investors, last year China exported 17.7 billion apparel, average cost per case is only $ 3.51 the price of clothing, the average price per pair of shoes less than 2.5 U.S. dollars; in the U.S. market price of the popular Barbie doll is $ 10, Suzhou, China enterprise income is only $ 0.35; Logitech annual delivery of 20 million to the United States, wages, electricity, transport and other recurrent expenses are all included in this $ 3. We are using less than 5% of the profits it has accumulated foreign exchange reserves of a trillion dollars, which means we also contributed to international monopoly capital 20 trillion, equivalent to 160 trillion yuan, nearly 80 years the national payroll.

in the day of the fifth anniversary of China's WTO accession, China Central Television broadcast repeatedly, the Chinese accession to the WTO five years, save for the American Family one-fifth the cost of living, Morgan Stanley's survey also showed that U.S. consumers to buy cheap Chinese products and the money saved up to 1,000 billion U.S. dollars. Japanese, Chinese chopsticks because they have bought cheaper than wash the chopsticks used to throw the same too cheap, not long ago but every year the Japanese coal imports from China more than 2,000 tons of coal used for land reclamation, artificial coal reserves into energy. China's flood of cheap disposable products in Western countries , although the destruction of resources in China, not even some western countries were shocked the conscience of the people, and have called for change in time consumption, and co-operate to protect the resources in China report.

the vast profits of foreign trade took part by foreign investors, enterprises operating in China is to reduce costs of workers Qiaoguxisui, sister more than 15 hours per day, less than $ 50 monthly salary, less than 2 hours in the United States the wages of similar workers, it is that time can get a little pay, are unknown, so the modern low-wage workers have been completely become a slave of slaves, most of the migrant women workers have been able to almost white in the dry conditions persist down, because they dream of one day becoming the urban population.

them speaking, dry white is not terrible, terrible is disabled. be taken away more than 95% of foreign profits of the boss and could not pay the cost of labor protection, disabled workers have become the most horrible nightmare. It has been flying volunteers investigations, as Pearl River Delta, China's export base, just punch each finger accident happened workers have at least 30,000, the machine cut off the fingers are more than 40,000. this is the machinery and equipment accounted for a very small proportion of Press the accident, the other most of the machinery and equipment due to the number of accidents, a number of unknown forever, the local government departments in order to maintain stability, and decided not to do work accident statistics. But 800 million migrant workers in Shenzhen after a survey one in five had had a work injury or suffered from occupational diseases have received, some manufacturers in Shenzhen for two years crop of workers. litigation of disabled workers in order to prevent economic and ** stable, the migrant workers in some parts of the Pearl River Delta reached the normal stretched more than three years of proceedings, forcing the disabled workers can not afford to spend money only to give up because of interest, back to the rural areas of this remaining years. rolling in the Pearl River water flow of blood and tears are migrant workers ah.

about the cost of migrant workers, people in China shocked the world can not help but think of mine, from 2001 to 2005, more than 10 people died in coal mine once a week on average, China exported 80 million tons of coal every year price is an average of more than 6,000 deaths, nearly 17 people died per day, this is the ** Department of Statistics, the actual number of deaths certainly far more than this figure, even according to this statistic to the number per million tons of coal in China The mortality rate is 100 times the United States, Russia and India is 10 times the mortality rate among the first in the world, killing more than rest of the world combined. in numerous ashes of the dead miners, on top of a mountain, piled up the international monopoly capital the rolling profits and staggering wealth of the Chinese miners, this year's Beijing International Auto Show, a few noses of the miners to buy 1.001 million Ferrari car, when car models lady told him when the car is very expensive, the miners Council capitalists, including the colonial rulers, are impossible, only the colonial economy, such as river of blood and tears and miners such as mountain ashes, completely free of charge in exchange for the dedication of huge foreign exchange to the United States. the face of catastrophe and the resources of Chinese people unprecedented catastrophe, the Chinese mainstream economists are cheering, claim that we make a valuable foreign exchange. We do have a trillion dollars of foreign exchange reserves, but not so much of these reserves is a valuable asset, as it is a valuable asset the United States is more accurate. the one hand, more than two-thirds of a trillion of foreign exchange are U.S. dollar assets. What is the dollar, the truth is that the U.S. printing paper printed, how much can the United States to India and India the number, as the dollar increase in the printing and the weakening U.S. economy, China's hard-earned dollars in exchange for foreign exchange in substantially as depreciation of U.S. dollar assets in euros, 50% of the past few years has been devalued, China's foreign exchange reserves of more than 7,000 half-billion dollars evaporate, evaporation of the purchasing power of wages equivalent to the national income in China last year, this year's foreign exchange reserves by RMB and evaporation off 6%, equivalent to 60 billion U.S. dollars, exceeding the national pension fund the sum of medical education; the other hand, the vast majority of our foreign exchange reserves to buy U.S. Treasury bonds are the last words to mobilize people, called nation-building Western developed countries, in turn, the United States on behalf of our trade surplus with the huge foreign exchange Youyi ground pressure of RMB appreciation, and colluded with domestic comprador groups, with the sharp depreciation of the foreign exchange reserves to blackmail the Western countries, the CPC ** high-priced imported products. China's imports high commodity prices, low export prices with the same shocking. China imported luxury car prices, more than twice higher than the price in overseas markets, Rolls-Royce transaction price in China has reached millions, long ago, a Beijing real estate developers in more than two million U.S. dollars, bought the most expensive Rolls-Royce prices are about twice higher than the overseas market. the price of imported cosmetics and luxury goods, it is ridiculously high, simply open stealing money, luxury goods exhibition in southern China, a jade jewelry prices up to 80 million yuan, and then held The second session of the luxury goods exhibition in Shanghai, four days turnover to more than 500 million yuan. the world is a flood of luxury goods company in China, all over the store opened more than 300, many of cheap foreign goods on the stall could get When the high-end goods sold to China, thousands of French red wine prices in the local subway beggar but often drink fend off the cold drinks. with the price of imports of intellectual property is public pool, the operating system Microsoft W98 listing price is 50 U.S. dollars, equivalent to more than 400 yuan, less than 2 hours a blue-collar wages, to get China to sell 6,999 yuan, equivalent to 14 months in Beijing wage workers, migrant workers in Shenzhen 20 months of wages, then the XP operating system The bundled price is reached 65,000 yuan, which is a huge market to contain piracy, if not the market to contain piracy, the monopoly price enough to make China more than 95% of the user exits the computer field, China's information back at least to the level of 20.

Western developed countries, employment and mainstream economists Chinese comprador Group, has successfully established a low-cost China to carry out high-priced, low into the high-priced out of their trade and foreign exchange regime. Through this system, more and more a lot of the China's environmental resources and public health into cheap commodities for the Western developed countries, so that the developed countries including Japan, with the increase in the amount of resource consumption, not only did not worsen their environment, but rather more beautiful, the help of Western countries in China's comprador group that has successfully achieved economic benefits and economic costs of separation between themselves enjoy the benefits of economic growth, so that the development of China's to bear the adverse consequences. this to the risk of stripping the development of the Chinese system, in the contradiction between the RMB exchange rate and purchasing power is also evident from the trend, together with internal and external depreciation of the dollar is different from the appreciation of the RMB against the U.S. dollar, the depreciation of the domestic purchasing power is, in fact, the rise of a derogatory is to transfer the money to the Chinese people the pockets of a foreign boss.

four to foreign investment, China on the one hand with a huge surplus of capital support to U.S. economic development, One participant in the expense of national resources and even the way of sovereignty, large-scale foreign investment, foreign economy has become a full control of Western countries in China's economic base. under conditions of globalization, foreign investment into China itself is a normal economic phenomenon, but our way of attracting foreign investment, But the formation of the Chinese nation is a historic disaster.

First, China's foreign economic plunder of wealth has become a huge straw. GDP, foreign investment in China accounts for more than 40% of the country's total import and export of foreign-funded enterprises the total value of 55.48%, far more than many foreign countries the proportion of export-oriented economy, the end of 2005, China's actual use of foreign funds amounted to 622.405 billion U.S. dollars, according to World Bank estimates, foreign direct investment flows to developing countries received The average profit margin of as high as 16% to 18%, which estimates that in 2005 foreign investors to take profits from China more than 1,000 billion dollars in profits. World Bank to calculate the general rate of profit in developing countries this figure, apparently falls far short of actual figures, because foreign investment in China enjoy tax exemptions, cheap land, ultra low-cost labor, and a variety of the proceeds of corruption is not in other developing countries. how high the profit margins of foreign investment in China, this is official and Foreign companies are classified as highly confidential figures, we can compare estimates from various sources, the Chinese monopoly of the industry profit margin is 100-2000%, the profitability of foreign economy generally not lower than the domestic monopoly industry, many foreign company also confirms this inference. infighting as Morgan Stanley, broke the insider's profit margins in China reached 900%. Our time being in accordance with the monopoly of the industry's lowest profit margins of 100% of the calculated foreign investment for economic profits in China each year should be more than 4 trillion yuan, equivalent to the wages of the national total of more than 2 years.

Second, foreign investment in China is no longer a major investment projects, but the cheap acquisition of state collusion wantonly assets. This is a planned and premeditated the great national robbed and killed, the first step is to the ability of enterprises. In the meantime, the state-owned enterprises not only pay 33% (originally 38%) of the heavy tax burden, but also the burden of welfare workers, and workers do not pay taxes do not support foreign competition, the outcome has been a loss failure doomed. The second step is the state-owned enterprises forced the desperate annexation. The third step is to buy cheap to extremely low or even zero price means the price of the acquisition of core industries wantonly or large companies in various industries leading companies, foreign acquisitions of Chinese domestic manufacturing industry has made in the proportion of industrial added value down to 26.5% . and low price far exceeded the economic crisis of the assets of the purchase price, the purchase price in the open capital market capital value of less than 5%. such as a strong network of domestic banks, the banking system to support the fund management company, to one-third stake in the price of 1 yuan per share sold to foreign companies, foreign companies invested tens of millions, however, is not the capital one year after the proliferation of profits each year there are only a billion dollars.

bad in the financial, foreign corporate income is even more alarming, mentioned earlier, Morgan Stanley, and the country is one of the four Huarong Asset Management Company of the cooperation process, creating a 900% profit margins, and the formation of a world-famous other people's husbands killed in possession of someone else's body in vain. Sadly, the end we are not only 4 trillion of financial non-performing assets will fall into foreign hands in vain, they would go for the 4 trillion into foreign companies pay other non-performing assets. The reason is simple, and many non-performing assets are non-performing assets in our hands to the hands of foreigners is not non-performing assets, the foreigners really know of the from China and then planning to go 4 trillion of assets.

Third, foreign investment in China is not only the plundering raids of economic resources, China has started the collapse and destruction of ecological resources. As foreign investment in raids process of forming a local government GDP huge achievements, coupled with the enormous benefits of individual officials, local governments have formed a mad scramble for foreign investment, preferential terms to foreign investors has gone beyond the economic sphere, the previous concession of imperialism in China have moved out of the legal privileges at the expense of national sovereignty to attract foreign investment, as capital component and more complex, and now all over the legal privilege has been extended to all capital.

story, Henan Qinyang City provides more than 50 million investors, 12 have various legal privileges, including free from the constraints of traffic laws, hospital enjoy half, easily choose the school their children, access to places of entertainment (gambling prostitution ) inspection from the public security organs, but also provides 1 per month to 25 for the enterprise, be dismissed. In fact, such provisions as Henan Qinyang already appeared in the southeast coastal areas, a Municipal Committee, secretary of Guangdong in court to explain why workers lost time to make, even in front of the camera CCTV naked dare say : Many foreign companies in China's big boss, but also buy from the initial simple bribe officials, and gradually dominated the development and lessons for the Chinese officials, said Beijing Vice Mayor Liu Zhihua, because contrary to the interests of a foreign company, was immediately made public ** The video of their corruption.

five to overseas listing of view, and foreign investments into China's predatory Instead, we gave the company access to developed Western countries has brought amazing local investors huge returns. Chinese oil companies in the United States had 2.9 billion financing, however, listed four foreign dividends accrued up to 11.9 billion. only PetroChina, Sinopec, China Mobile, China Unicom, the company four years to more than 100 billion overseas dividend dollars, is worth emphasizing that the profitability of these companies is completely looted from domestic consumers, or from the prices of oil resources in China, either way from the domestic phone charges high fees, which is actually the Chinese people's money collected to give foreigners. Foreign companies extracting the wealth of China frightening enough, the Chinese state-owned companies are helping China's wealth to foreigners taking justified. like the company is currently China is not the next four hundred, This scale of overseas dividends, not only developing countries like China can not afford, even developed countries like the United States will certainly be divided into the Third World!

to know that we are the country's lowest security expenditure is more than 3,000 billion yuan in 2004, guaranteeing the country's capital, the central government and local governments combined, has only been more than 200 billion yuan, equivalent to only four companies mentioned above one-tenth of a year overseas dividend (annual together more than 2000 billion yuan). state-owned enterprise is the people's business should be serving the people of the country should not only consider the interests of foreign investors.

the third time, according to the Ministry of Health and health services survey, At present more than 50% of the urban population, 87% of the rural population without any health insurance, about 80% of the central and western regions, because of coverage who can not afford medical care, more than 50% of rural schools is difficult to guarantee funding for basic operation, more than 40% of the primary use of dangerous, 40% of primary schools lack desks bench, nearly 40% of rural primary schools can not afford electricity, and electricity did not dare turn on the lights.

According to the Chinese People's University and A joint investigation by the Hong Kong University of Science and Technology, China's Gini coefficient in 2004 was 0.53 or so. According to the State Statistical Bureau sample survey of urban and rural households, the average wealth gap between urban and rural areas from 2.7 times in 1978, expanded to 7.4 times in 2003, 25 years to expand 4.7-fold. in the economic growth for years, the rapidly expanding wealth gap and poverty in the phenomenal growth of the root cause is no longer simply a domestic institutional factors, but the international monopoly capital in China the result of economic colonization. VI, the last from the zone of view, the country continued to boom years of striving for a zone, has become the destruction of resources, institutional foreign investors in China, a way of looting. According to information provided by Ministry of Land, from 1996 to 2003 seven years, China has 19.5 million mu of cultivated land area decreased to 18.5 million acres, down 1 million mu of 7 years the average annual reduction of approximately 1,429 acres, bigger than both of Hainan Province, Hainan Province, is equal to two year disappearance such a large arable land. China's per capita cultivated land is only 1.43 acres, less than the world average of 40% in 2003, the country's 6 provinces have been less than 0.8 mu per capita arable land in central cordon .2004 nearly 7,000 clean-up zone, only zone land area occupied by new projects amounted to 7400 hectares, of which forty percent is open but not fat, resulting in large areas of land idle, even more deplorable that a large number of farmland have been residue soil completely destroyed. Ministry official said, a variety of names over the generations Zone area in China built in the sum of all the urban land area. More and more city embarked on the , that cheap land to attract foreign investment. 

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 Work through the next
20070608 Qu dry Hun Sen 7:00
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Macroeconomic regulation and control chain of small developers how to defend the capital

 Du Chao [1]
[Abstract] In order to meet the new situation, the changing economic environment for macro-control of real estate enterprises are facing under the current situation and problems, this small real estate development enterprises to the financial pressure was actively explored of dramatic changes in the macroeconomic environment of emerging under the conditions of financing and innovation, and put forward different companies, different projects and different stages of development financing proposals.
[Key words] macro developer funding chain financing
China's economy for many years continued, steady growth so that China's comprehensive national strength has been greatly enhanced, rapid economic development of the real estate industry has also been rapid development. soaring real estate prices in some areas, for the national economy can be healthy stability and orderly development, from the second half of 2003, the central implementation of macro-control on the real estate, land policy, financial policy, the purchase of mortgage interest rates and so a major reform, real estate development enterprises to market conditions, the development system, operation mode and transactions, great changes have taken place, thus, the real estate industry into the era of macro-control. The 2003 policy context since the main control point of view, the initial supply of land and real estate loans (2003, 2004), real estate prices (2005); medium is the commercial residential structures (2006); and housing (low-rent housing, August 2007). Recent times, the Government has to prevent the economy from overheating and overall inflation have adopted a series of tight monetary control measures, the real estate is the most sensitive to monetary policy, the industry, the impact is undoubtedly the greatest. to raise interest rates, raising the deposit reserve ratio of the market supply of funds, and to speed up low-rent housing, affordable housing and the construction of affordable housing, improve the proportion of buyers down payment, limiting the mortgage and specific measures such as hoarding is directed at real estate, the cumulative effect of more and more obvious.
a macro regulation and control for small and medium the challenges of the real estate development enterprises
1, access to land to raise the threshold, facing the embarrassment of development interrupted
land system because of the particularity of national macro-control makes the land become a tool for the real estate market. countries received the one hand close to the root, the market supply of rhythm control of land; the other hand, the way land is prohibited agreement to sell the land, following the full implementation of commercial land, bidding, auction hoarding behavior, regulate the land market order, and further tightening increase the cost and difficulty.
raise the threshold of access to land is also reflected in specific payment terms, etc., to small and medium enterprises had a great impact on real estate. to participate in the auction and the requirements of the land, for example, such as Shanghai New Jiangwan City D1 block land transfer document clearly states: foreign natural persons, legal persons, other organizations, their bank deposits at $ 100,000,000 over the same period over; have to engage in the business registration, obtain a legal person or organization code certificate and business license, with a qualified real estate development, the domestic real estate development in recent years amount not less than 50 million square meters, registered capital of 2 billion yuan more than the same period, bank deposits of not less than 1.5 billion yuan, reputable companies, must pay another 50 million yuan bid bond. Such provisions are generally small and medium enterprises connected to the site have no chance to feel the atmosphere.
real estate industry is capital-intensive industry, the state's recent tightening of credit policy, the new real estate finance and tax policy for the development of corporate financial strength and financial capacity of a higher demand. Government to achieve the unified planning, comprehensive development and supporting the construction of scale, tend to take a substantial transfer of land as a whole, which makes the required threshold of greatly increased strength of the enterprise. In addition along with the continuing hot real estate market in China, strength of the large group and foreign investment have entered a new round of competition of real estate enterprises, small and medium enterprises in the project development of real estate and urban development process, is bound to encounter large-scale real estate enterprises and emerging domestic and international competitiveness of enterprises, and with the national regulatory policies, especially the increasingly tight land policy, the development situation of severe competition among enterprises, the regional real estate market competition becomes increasingly fierce. many did not have a land bank of real estate development companies, is facing severe funding challenges, while also facing the development of out of stock embarrassment. Again, more businesses join forces for auction block the entry of small and medium enterprises. substantially block the auction of the bidding companies high standards of qualification requirements, high margin and strict bidding high standard payment terms, leading many to bid Enterprise Group formed a consortium together to bid. so nearly two years, large parts of the development value of land resources is basically for domestic access to a few large developers.
2, to raise the threshold of corporate finance, capital demand gap tight
Since 2003, the state of the real estate industry has adopted a series of macro-control policy. in the real estate under the influence of macroeconomic and financial policies, the real estate industry, the threshold of a gradual increase of bank loans, loans from the bank developers gradually increase the difficulty of large, single-financing constraints have become the bottleneck of the development of many real estate companies to .2003 30%; and commercial banks can only buy the main structure has been capped for individual housing loans granted as personal housing loans .2004 strictly controlled real estate development, project its own funds to 35% .2005-2006 years, two countries that issued a series of control combination of boxing, in the monetary policy four times on the one hand, raising the deposit reserve ratio; the other hand, eight countries and in fifteen countries are clearly strictly .2007 credit conditions in real estate development, the central bank raised six deposit and lending rates, ten times raising the deposit reserve rate to 14.5%; 5 December the same year the Central Economic Work Conference closed on a clear monetary policy from the amount of new loans in 2008, the Bank shall not exceed the actual loan amount in 2007. The 2003 Next, tighten the cost.
2008 年 5 28, the China Real Estate and Housing Research Association, composed of China Real Estate Assessment Center released the to get the land out of the market, two percent of real estate companies will be swallowed due to financial crisis, the three into a business struggling to survive, only two percent of the real estate business can live peaceful life. From a macro point of view of data, the Chinese real estate company on funding gap of six months up to 4,000 yuan, equivalent to one year's total real estate investment required 1 / 5. from the specific point of view of market behavior, a number of real estate financing at any cost. real estate financing cost interest rate of up to 20 % to 30% of the financing of numerous cases. usurious lending practices that spread into the real estate business have forced a corner, they resort to high-interest financing harm than good.
3, the plight of small and medium real estate finance business itself
general Large room rate, with its financial strength and reputation, can be listed and issue bonds for financing, but the small and medium real estate companies, as far from meeting the conditions listed or issue debt, or rely mainly on bank loans of the channel, financing channels, resulting in a single high rate of corporate assets and liabilities. This will inevitably affect the company too much credit debt, increasing the financial cost of its operation the project so that profits decrease or loss phenomenon, almost spared to small and medium real estate companies running into a vicious cycle of capital, and even trigger a chain reaction of negative effects. mortgage loans as small a basic form of real estate corporate finance, but because of its loan conditions are harsh, most of the enterprises to obtain funds through such means are very limited, it is difficult meet the financial needs of enterprises; Second, in our current financial system to serve primarily small and medium financial institutions that originally developed to lag, coupled with the current state to strengthen the control of the real estate business credit, small and medium enterprises are difficult to achieve the real estate bank lending conditions from banks financing more difficult.
4, corporate earnings compression, tension further exacerbated
capital since 2005, the state began to use tax measures to control the real estate market, but the impact on the development of enterprises significantly since the introduction of the 2006 series of tax policy. to the State Administration of Taxation issued income tax return, the notice State Council on Revising decision unified standard for the follow-up to add a portfolio of this series of tax policy, essential to the development of each of their own interests, if strictly implemented, a large number of small and medium enterprises are facing out the possibility of the development.
Second, small and medium development means of corporate finance and innovation in the increasingly serious
financing environment, how to find their own financing channels for enterprises, small and medium real estate developers face is important and urgent task. in our 20 years of real estate development, Most small developers can not do without are also not left bank financing to support small and medium enterprises have formed a general development financing: the land use right mortgage loan is a real estate corporate finance one of the main ways to obtain loans; developers from has property (fixed assets or other securities, proprietary technology and other tangible and intangible assets and foreign investment in the formation of the equity) to obtain bank loans mortgage; In addition, real estate developers, through their own authorities, parent company guarantee, or designated by the higher authorities of other economic entities to provide their own security, but also by their own affiliates to provide guarantees for bank loans. in the face of banks to increase financing requirements, the Government to increase pre-conditions, can not be compared with the means of financing good fast solution to the current looming financing problems for SMEs. Therefore, we must find new ways on the one hand banks to conduct business with financial innovation, and actively explore various means of financing, on the other hand, SMEs themselves should be actively seeking other ways, from the addition to bank financing to take place outside, using a wide range of means to raise funds for their businesses to win more money.
With the constant tightening of bank loans to bank loans as the main financing channels of real estate development enterprises generally face intense financial pressure, and now real estate development enterprises urgently need to find new financing channels for the real estate industry to promote stable and healthy development. In order to seek a breakthrough to achieve a breakthrough, small room real estate business must not stick to the traditional financing model, find their strengths, develop their own financing strategy and take the large-scale real estate enterprises with different financing roads. At present the emerging capital market financing has the following main areas:
1, limited equity financing and management of risk capital to solve the contradiction between the right. real estate developers to change the borrowing, by selling part of the shares, so that funding to hold a party to the real options, it will undoubtedly reduce the private financing to fund the risk of one party. But financiers do not want to funders, like shareholder intervention as a real project management, management. the new : limit the voting rights of party funding, excluding capital projects may be worried about shareholder intervention.
2, restricted use of the funds equity financing to solve the difficult problem of expired Divestment. real estate developers in the use of funds want to return the funds after the expiration of , and refused to accept the money to fund, hopes to continue to hold equity, the resulting Divestment hard. Under the new revised capital, shareholders are entitled to priority in accordance with the proportion of capital contribution paid subscription. However, the agreement is not in accordance with the investment of all shareholders get dividends in proportion or not the priority of subscription in accordance with the proportion of investments other than prior agreement, to cancel the dividend to fund the right side, thus forcing the parties to provide funds to recover the capital and income in the case in accordance with the agreed divestment.
3, the highest yield bank interest rate cap may be exceeded. civil lending rates are often restricted bank lending rate four times in the same period the maximum amount, under the new revised Bank lending rates four times in the same period the restrictions, with more flexible regulation of space, thus mobilizing the enthusiasm of party funding.
With the increase of macro-control efforts, the credit crunch so that the original financing of small and medium enterprises face more severe financing environment. In this case, the property market in the equity financing for SMEs to become an NINETOWNS Properties Limited market will sell 20% shares to a private enterprise. According to the data show that the first half of 2008, the real estate business through the Shanghai property market to achieve equity financing transactions, 116, turnover reached 8.958 billion yuan over last year nearly Liu Cheng. in the implementation of equity financing, while equity market for private capital to provide a new area of investment. Vanke leading enterprises in real estate industry consolidation is also hoping to seize the development opportunities brought in an equity financing during the year 2008.
limited equity financing is the new bring about new opportunities, many private housing prices began to finance, in the Jiangsu and Zhejiang, the Pearl River Delta and other areas of strong private capital, the real estate market, the release of a new channel for private capital, a large number of private capital into the real estate market started to broaden the development developers, especially small and medium business financing channels, to a certain extent, solve the funding problems of small and medium housing prices, while private capital market actively, and also shows the capital market for the real estate market is expected to have a good prospect for real estate break the ice and pick up the market to play a more active role, also can enhance market confidence.
(b) of the Trust Finance
China Banking Regulatory Commission document 212 provides: loan application developers (that lenders trust scheme) must be unique advantages of financial instruments, one has great flexibility in financing the trust, you can own real estate business operations for the specific project design requirements and personal trust products; Second, there is much room for innovation, is a combination of financing, financial innovation the core. through real estate trust, develop businesses can get from the Trust and Investment Corporation Trust loan. Property Trust financing scheme can reduce the overall cost of financing real estate companies, financial cost savings, greater flexibility and time is conducive to the real estate business continuity development, improve the company's assets-liability ratio is not the case of corporate structure can be optimized. Once trust scheme, the project started to bank lending conditions, the repayment of Trust loans, bank loan funds to use for project construction. the Housing mortgage real estate trusts are trusts, equity trusts and combinations trust.
mortgage trust is the main mode of raising the real estate trust to operate the property or equity security. mortgage loan trust is a type of trust fund debt, is the trust parties to pledge property of a company funds the basic loan guarantees or equity real estate trust products issued, will raise the funds available to real estate companies. the kind of trust to raise the trust funds is not intermediation, supervision by the trust .
equity investment trust is a class of equity investment trust and investment companies the way to the use of trust funds, a real estate company shareholders, according to equity ratio for return on investment, increase their capital, to enable enterprises to bank financing conditions, but enterprise management is decentralized. a well-known enterprises in Guangdong, a housing project two years ago to obtain financing from Deutsche Bank to give 70% foreign equity in return, and then each year a certain percentage of shares repurchased, with the part of the shares development proceeds as the premium paid to foreign financing, both to ensure the chain of project development funds are also to keep the project equity. This financing model, it is a land of small and medium enterprises learn from real estate prices.
combination of trust: than equity financing, it can take a fixed interest rate debt means the debt on the equity benefits of the human body emerged; from equity point of view, which is higher than debt, reflecting the advantages of equity. mezzanine financing has high flexibility, the advantages of low threshold, according to the specific circumstances of the real estate business to design, equity will go to meet the loan conditions after the bank loan. mezzanine financing of the project requirements are relatively low, four cards are not required to complete the equity investors control requirements are relatively low, not the depth of participation to management.
(c) real estate listing and financing
sustained macro changes in the domestic real estate development enterprises orbit, credit crunch, increased competition, real estate giant expansion accelerated the influx of overseas capital, and many factors that make the development of diversified financing as the only way for the development businesses. domestic real estate finance and corporate finance model is facing a major upgrade, in many modes of financing, public financing dream become a preferred target of many developers. But for the country five million more than real estate development enterprises, listed companies will honor less than 1%. currently listed real estate companies, including three paths: the domestic IPO (initial public offerings), foreign IPO and reverse merger, in the current macro-control and the complex environment of capital market development, the room rate listed on the road both opportunities and challenges.
1, Shanghai and Shenzhen domestic IPO
currently has more than 1,500 listed companies, and real estate listed companies only a hundred more than, the only real market more than 40 IPO, and are mostly listed in the 1991-1994 real estate macro control In 1994, the building department does not encourage the financing of real estate companies listed on China Securities Regulatory Commission decided in 1995 be withheld from the public to accept applications for real estate development companies; 2001 restored the domestic capital market real estate companies IPO, only the Network Po industry, the Golden Group, the Kaaba development, construction of a small number of Qixia state-controlled enterprises began to IPO.2005 tradable share reform and broker management, the stock market radiate vitality, but the IPO for real estate business does not seem to lift the restrictions, mainly because the central macro-control goal is compressed overheated real estate investment in two private rooms .2007 enterprise development and Guangyu Group Rongsheng successful listing of the road, the plan needed in the Mainland IPO financing of private enterprises have a good reference experience: the development direction of enterprise product lines and closely linked with the policy guidance, first stage the direction of the central advocate of ordinary housing, especially small and medium size, low price of residential, companies should deliberately reserves and the development of such projects; the second is focused on macro-control of the regional first-tier cities and other prices too fast growth hot city, the Midwest, the second and third tier urban development, foreign enterprises should be expanded and the layout of a guiding ideology. but the state's strict examination and approval of listed companies, SMEs on weaker, IPO is not a easy way.
2, overseas IPO
2006, the Hong Kong main board to attract 39 Chinese mainland enterprises, the Main Board of Singapore, 24 Chinese companies were absorbed, the Nasdaq six finance business success in China. As the domestic IPO for real estate companies are more limited, the threshold is too high, the lack of background of small and medium private enterprises and government housing support, part of the room rate options outside IPO, most of which has chosen Hong Kong IPO, but to take a more red-chip mode.
Hong Kong IPO right of approval by the Stock Exchange of master criterion is to determine the ability of the business capital markets IPO, examine the application and the industry companies are expected to have a good development and profitability, short listing process, the promoters shareholding can flow, the opportunity to refinance more domestic enterprises to go public housing will be relatively high success rate. red-chip listing is incorporated in the overseas holding company (including Hong Kong, Bermuda or the Cayman Islands), as a listed individual apply for issuance of red chips listed on the controlling shareholder of the shares in the 6 months after the listing can flow more flexibility in the listing. domestic private enterprises listed overseas, the general mode of operation is based on his own name in the Cayman Islands, the Virgin, Bermuda and other places the establishment of SPV (special purpose), then domestic equity or assets of the SPV company to increase their investment, and the acquisition of the assets of domestic enterprises, and to SPV in the name of the company listed overseas.
3, backdoor listing
Although IPO backdoor listing as beneficial to the financial cost of backdoor pay less than the cost of borrowing, and can transform into a public company through the optimization of management structure and management capacity, and expand the influence of the brand, increase their credit rating. According to statistics, the domestic stock market in the 50 % of private enterprises are the backdoor listing, real estate companies will, too. enterprises backdoor way off the main acquisition or non-tradable shares transfer agreement, in its based on net assets per share plus a premium, then the reference in the financing secondary market price, the formation of low shell, the high cost of financing cycle. backdoor listing and the IPO, it has a short time, the process of fast and low cost, many enterprises are an important way to market. But backdoor listing greater risk of hidden, because most of the shell company belonging to poor management, heavy debt, corporate governance chaos, to find a more difficult issues, such as too complex corporate restructuring, management, staff pay and corporate culture, making the shell companies have great expectations of the allotment or issuance of new shares to become out of reach.
backdoor listing companies need to have a higher net worth rate of return, so as to make the real estate business with strong growth potential of their business, to effectively improve the original hard shell companies to overcome the problem of self, driving up housing stock, bring significant benefits for both sides. Second, even if the enterprise has the shell's strength, as far as possible to market to avoid risks, such as the backdoor process of financial and legal risks in the process of backdoor listing the risks and other secret operations. Another shell in the search and selection company, real estate companies should pay attention to the following factors: (1) the smaller the share capital, the smaller the amount of funding required for acquisitions, the lower the cost; (2) equity more dispersed shareholder ownership percentage is not high, the more likely success of mergers and acquisitions; (3) equity flow The stronger, the higher acquisition frequency and success rate; (4) equity poor structural stability, liquidity, dominant shareholders; (5) The higher rate of insider ownership, the acquisition of the greater difficulty.
(d) entrust loan < br> loan facility is commissioned by government departments, enterprises, institutions, other financial institutions as the principal funding from the trustee (bank) loans determined under the principal object, purpose, amount, term and interest rate paid on his behalf and help to recover the loan, the loan principal and interest by the borrower under the central bank lending rate in consultation uniform. Entrusted loans among the banks rather than the bank's self-service business, such as the threshold is low, and easy to operate, the bank as an intermediary to charge a fee, take the bypass, communication and risk management responsibilities. applicable to the financing at all stages of project development, but relatively high rates of consultation funds, the use of entrusted loans financing more than a temporary transitional in nature. There are more government agencies and enterprises such as public companies and monopoly utilities have surplus funds, entrusted loans of these surplus funds can be transferred to a shortage of funds industry. operating surplus is the difficulty funds to find and price negotiation.
entrusted loan discount is a financial innovation entrusted loans, funded by real estate developer, commissioned by commercial banks to buy their houses who entrusted loans, subsidies for certain period of time by developers interest. It is different from mortgage loans, mortgage loans without conditions, to make up for the 121 documented financiers and financing requirements of its home bank will finance their own funds into the designated bank account funded parties themselves, taking large deposits or certificates of deposit, or large deposits confirmation confirmed the custody of the book alone, due funding side by the hands of the credentials of the principal and interest unconditionally extraction; financiers pursuant to the bank loan application and must pay the discount to the funds a provider of financial behavior. SMEs to obtain financing for fast direct deposit, in the project market research, project planning and feasibility study stage to ask the bank to early intervention, to absorb the views of banks and enterprises and banks took the initiative to the specific circumstances of the project, prompting banks to have confidence in the project's development prospects.
(e) overseas investment overseas funds
the source and into the way include: overseas, the mainland real estate fund to buy real estate; foreign banks, funds a variety of ways through the Trust for Mainland enterprises to provide loans to real estate investment or direct investment; Hong Kong's direct investment in real estate funds .2002 the abolition of the domestic housing and the difference between export house, the outside institutions and individuals to invest in China's real estate industry is no policy restrictions.
current overseas investment in domestic real estate fund most of the larger real estate companies selected, and on their projects, reputation, financial review, and strict requirements high. Hong Kong real estate investment trusts (REITs) Link listed in November 2005, and was allowed to invest in real estate projects outside Hong Kong, Hong Kong, mainland enterprises can go through the financing of the Fund . There are also many foreign investment funds such as the small number of European private funds, listed companies, wealthy individual investors, because of the lack of local market attractive investment opportunities, which involve China hopes the real estate industry. The small and medium real estate companies smaller project size and more flexible mode of operation, small-scale investment funds to meet these requirements. small and medium enterprises in a short time room pressure and small-scale capital investment funds to achieve docking, but the side with the funds existed in the negotiation process many non-professional intermediaries, leading to reduced confidence, so as a financing platform for the professional real estate investment management company came into being. them to the real estate business and fund-raising projects to provide comprehensive services to industry professionals by means of information and investment analysis projects for overseas investors to provide the legal, financial and commercial aspects of the information, and in the short term to complete the project evaluation and investment analysis files, reduce the small and medium enterprises and overseas investment funds housing the communication link between the speed up the negotiation speed.
(g) Private
, and the publisher have close business with companies, individual investors and foreign investors a way of offering securities. private do not apply to securities regulatory authorities issued registration procedure is simple, rapid funding, which can save time and up release issued costs. but poor mobility, capital costs are relatively high. Limited number of shareholders because of restrictions on the number of private equity can not be too much, can learn from the starting point of the trust the amount of the commission. private equity investment funds as investment options can be limited by the design drawing, in private instructions on the contract and articles of association do a good job description.
private financing is becoming the new channels for corporate finance, as the market will further expand the development of .2002 only the amount of private equity to foreign investors as high as several billion dollars, Domestic investors have also substantially increased investment by private channels. private equity is a more attractive financial ...

Zhou Qi Ren role of government in a market economy can not be missing

 Zhou Qi Ren: the role of government in a market economy can not be missing
Source: Sohu Finance
2010   6   28   Nobel economics laureate Oliver. Williamson to China, held in Beijing, Marriott International. elite entrepreneurs, economists were on the scene here, years later, I understand that some of today's greatly increased over that time. I know there is a branch of economics, of which Williamson named new institutional economics, because of academic development, so that we were organized for the real world and a deeper understanding of the system, there are plenty of problems to be solved, I hope to continue to do in this method into work today I want to take you about a topic. on the market in the government, because usually popular method is to the Government Most of the textbook and the market is to talk about some of the market, there are different entities, all blend together, so people often ask more government or more markets, whether to discuss reform of our nation's long-term goal, or like dealing with economic crisis, and more encountered a similar problem. I think the problem may have something to discuss later the contents, first we have to go back to Coase's methodological tradition, Professor Coase referred to in this book a research method, never from the study He is not in favor of economics into an intellectual weapons, Coase and the Coase go follow economists are willing to seize them from political events to discuss the substance of issues worthy of discussion. If we go back to the real world, both East and West, we do not see what a production, or trading activities can leave the government service. has never been before, we did not see any market can be in a state of anarchy can work well to complete the preparation of resources and income distribution. But economic theory, the two subjects, like the work of our university is not training to the enterprise, that is, to the Government, we still can not put them on a different subject to be among the framework of treatment. This may be because in my opinion the real world economic phenomena, we analyze a defect, I want this to be a simple description of the framework.
Zhou Qiren Peking University, National Development Research Institute (Photo: Wang Xi) < br> First, we see that if there is no definition of property rights, is no market activity. cite a simple example, are the same in any country, if you have a property, or you'll buy it back or you want to sell it, you usually need to have a real estate certificate. This certificate is very interesting property, it is not open to your business you can accept, you must have an official government document, you can easy in the transactions. This is why? why a company, including the very famous company that he gives you a certificate, regardless of East and West, we do not accept. we still want a government to its name, it The seal carved in the top, to prepare books with such a property, definition, registration, and then to resell. the problem of economic theory which actually has a very basic sense. Coase inside the paper in 1959, has made a very important proposition, clearly defined property rights is the beginning of all market transactions. If the property is not clear who, how is it to complete the transaction process? how to price it? how will people buy it practical? after the division of labor specialization The activities of the question. But, there is a definition of property rights is very important aspect is that the Government should intervene. a property is not me that is me, because we are all can move, if not an abstract expression of property rights, order and the transaction will encounter great difficulties. a real estate license save a lot of things, many things can be clearly defined. Review of three decades of reform and opening, I mentioned a paper that summarizes the Chinese in this area experience, the Chinese economy has made great achievements, to determine the property rights of ordinary people to provide services to all the mess from the original large public sector, and gradually begin to recognize the rights of farmers to recognize the rights of farmers cultivate the land, recognizing the different kinds of enterprises established entrepreneurs rights, admit that we have a lot out of the market trading platform offers a variety of resources to meet the requirements of social rights. So from this perspective, three decades of reform, is the constant process of redefinition of rights, the definition is sometimes right arise spontaneously, such as rural household responsibility system, which I studied a long time the contents of the peasants and farmers began a secret agreement, but this agreement without the recognition by the Government, continued with the policy documents and legal documents after it recognized and protected, then such activities can not be sustained not common, because people will not be a temporary arrangement, a stable and long-term expectations, if the market definition of property rights basis, then we have seen the market, the government has entered the market bottom. any market, if it is based on clearly defined property rights, then there is no way we see our market structure of government were excluded from the .

Privacy and natural competitive interaction is hidden

 A student opened in sohu Bo, his teacher also sohu opened Bo, and Bo frequented by students, so that students no longer dared to express their true thoughts, complaints, grievances, grievances and even new discovery, Even if the update is to write some vague things. Slowly, the shortage of Bo on.
sohu an employee opened in Bo, his boss has also opened sohu Bo, and Bo frequented by subordinates, so This subsidiary also dare not update the blog, the original work can be thinking, learning, and reflect on the work platform, the subsidiary has become increasingly feel that their privacy risks Bo has become his burden. then quickly removed and modified sensitive information, and replaced by the newer songs and dances, happy harmonious harmony information. Then he died Bo finally boring.
a civil servant, was originally opened in sohu Bo, he felt worldly life, the only blog you can see some real ideas and some moving emotions, he slipped around Bo look all right things fresh and true ideas. The results found that slowly, the blog content and quality have slowly deteriorated, and he see these as the public face of the media, so he also lost the left, the walk, hard to back ...
a user to open Bo, what is his purpose? vent, show off, self- conditioning, the accumulation of records, browsing, looking for resonance, Concert, self-expression, and perhaps far more than so much a change of the skin, change to change the layout, it can not keep up with users constantly deepening development needs.
force interaction and transparent user behavior will deviate from the product direction of individualism. era of individualism emphasizes individual initiative to obtain, and aversion to compulsory giving, especially for such a large user base class, long-term non-discriminatory, this product will gradually lose the charm of deep and long-term . The most viscosity products, the user must be accompanied by the growth of products, and enduring.

I see the charm of a woman

 Looks beautiful women make men eye movement; inner rich woman to a man heart.
Appearance and internal perfect woman to a man excited, and let the man moved the woman is attractive woman.
By a beautiful woman happy, happy and confident charisma. looks beautiful woman does not flavored, flavored but a woman must be beautiful. because the is an inherent quality of women's performance, including self-confidence that quality and conservation.
a healthy woman, full of youthful vigor, lively, mature, bright and generous, tried to stay and approachable, is the unique charm . a caring, compassionate, easy to learn the woman is not going to lose the charm. plump body is not a symbol of charm, as long as clean and appropriate clothing, temperament elegant, equally loved.
attractive woman good taste and elegant woman. attractive women are not tease, with gold and silver, deliberately putting on a show. garde is not feminine, odd pieces of cut should not wear clothes that have flavor. Of course, this is taste, but it is ; smell beautiful is the day after tomorrow. dumping beings the world's most beautiful woman, but not the most attractive woman in elegant grace, the grace, elegance, such as breeze moon, such as water hibiscus, pure, elegant, and not holy kitsch, elegant but not noble.
attractive woman is content rich woman. manners conversation, every move she makes are so subtle between a show of hands, deep, gentle, kind, giving a warm, comfort, pleasure and pleasant flavor, not only their own passion for life, but also to arouse the enthusiasm of others for life, so life becomes radiant.
her classical and romantic, full of temptation nor evil, the pursuit of beauty is her ideal. She is like an unruly horse, bold, chic, warm impulses arising from time to time .... to a man.
whether you are a white-collar or blue collar, to be the word boudoir Ye Hao, becoming a wife worth mentioning, as a woman you: Never Taitailielie, catch on. Remember , always a degree; modesty, is always the highest quality.
attractive woman is a mature woman. brave, capable, confident, calm, calm, is a sign of maturity.
maturity is when a woman's most attractive can make a calm fever, weakness into strength, frustration becomes progressive, confusion becomes clear. she never give up because the material things of the spirit of the pursuit. dependent on a man's woman will not become a man of men, women Unlike women, there is no self-esteem of women, there is no attractive woman.

Expert Beijing

 Village building through the transformation of old villages and urban transformation of the way, is to change the Follow the transformation, opening a national urban-rural reforms in urban and rural areas of the precedent.

the past to the other issues involving the collective construction of public rental of land, settlement work in Beijing, migrant workers housing.

50 key villages in the transformation involves the relocation of nearly a million people, due to the transformation program lasted 2 years to complete, not included in renovation plans for the neighboring village (point), whether it is accepted, Second are the And the generations to live in After it difficult to sustain. Third, the 50 villages a total investment of 79.2 billion yuan key, completed only 24 of 2010, the village of demolition, if the government identified 227 relocation compensation huge convergence of urban and rural social security funds.

Proposed coordinated development of urbanized areas.

in the preparation of In addition, in line with the urban planning and land use planning under the premise of the population centers meet the requirements for planning and construction of the village with the construction of Change (Beijing Municipal Academy of Social Sciences Feng Xiaoying)