The date of the critical moment, Roger is only relying on the world of space behind the door like a fleeting, found the door to the back of Pat is full of fury and confusion of a lava world. In this environment, with a dark, powerful physique as well as characterized by dark and chaotic forces Devil, Roger can play to their greatest strength.
to high-speed chase in the induction to the Soviet Union, the Roger decisive leap into a space for the unknown world behind the door.
Although the risk of the unknown world, than to help in the dark red areas.
the moment the door through space, there are countless Rogge felt like a knife across the surface of the body. He knew it was by the cracks in space The energy can affect even violent. with his body hurts, it was he kicked Serena may not be room for the incoming storm twisted badly mutilated?
instant, Rogge appeared in front of the red and black two-piece colors of the lava world. He was surprised to find himself in the air, is a rapid fall. He looked back, only to see a burning Fire Dragon, the door can not see a trace of that space.
his wry smile, knowing This space is most likely a one-way door, not only into. To escape this world, I am afraid have to think of other ways.
he suddenly through a bottle scraps of cloth, of which there are few pieces of broken A piece of metal. from the reddish color of a film to see, Roger vaguely recognized it as body armor debris Serena.
Rogge immediately looked down and see Serena is very far below his , helplessly falling. her body was red A, red sword back in the red and black world. almost the same color as the background, so in the beginning was Rogge to ignore.
distant looked, Serena struggled in vain in the air, but useless. at this distance, Roger has been able to see the ground below is a large blackened rocks, there thirty-five red monster body found in Pat-diameter air prey, Serena's landing place is waiting.
Rogge mind a move. accelerated to the whereabouts.
Serena broken body Yijia Pat horrendous, full of bare skin on the small the blood. Sword behind her dark flow in the surface of her body form a faint red mask, holding up her protection. For this reason, she was able to keep the door through the space of a little life, no Space Crack is violent energy to tear. can be protected even with the Sword of her injury does not seem to be light. From this height fall. if her death, but also have to go to a big Half-Life.
Roger and Serena close the distance quickly, then Pat can listen to the tip of her panic Yeah. Here she is waiting for thirty-five humanoid monster, from their short, curved head horns, dark skin and thick limbs of view, they are more demons into the abyss of the world. But Rogge, less than three meters from their height and body to judge the strength of induction, these demons are not exactly high-level stuff, which is up to some wandering genie. < br> He Aili Sith that the black crystal, the Devil and the deep world, though similar, but not as misunderstood as the world is the same world. abyss of world exports in the Devil directly. and these have always been near the outlet Devil's forbidden.
compared with the Devil, also formed from the abyss of blood and fire of chaos and the world more violent, and more for those properties are not incompatible biological survival. the abyss filled with many irrational aggressive monsters But there are many very evil sly devil.
the power of these demons are afraid of even the Devil's sort of royalty. Fortunately, most of Hou, the devil will be hiding in the abyss of the deepest cracks in the lava, and less than the abyss of the surface near the exit of the Strip.
devil, every time they came through the export of the Devil at the right time, will set off an uproar in the Devil. Devil have all forces will be deployed at this time. there is hope to destroy large the devil, the deal with the devil there is hope to achieve through the power of the devil to some of ulterior purpose.
formed from the strength of feeling to see, Roger finds that this is the abyss of the world. But with the black abyss of the world account of the crystal phase ratio, where it is much more moderate, and even the genie on the ground. too far to be described in black crystal is more weak.
Rogge has come from Serena that less than ten meters away from the Good to blemish the whole confusion and panic, looking at this girl. She could not see Rogge has already started rolling in. stopped screaming, his face, though still very stubborn, but the panic has already started showing in the eyes trace of begging.
she had already tried numerous times to launch the power of Sword, but the sword in addition to her with a layer of protection in addition to no movement. any how she drives, such as the Sword is sleep in general, ignoring her request sent to a safe location. Because of this, desperate for help Serena only had to Rogge. but she is unable to speak to her eyes begging has its limits.
Rogge malicious smile, his face red with anger Serena, but the rapid close to the ground giving rise to the most primitive fears her, she could not help but scream.
seeing from ground less than ten meters, Serena's body suddenly slowing down the potential fall, followed by a burst of winds hit, blowing her side, and since then a few heads out of the mouth could not smell of sulfur filled the genie head sweep saliva too.
some genie that has been completely Serena's tender flesh and piercing screams attracted to, have Batui landing place to chase after her. but they are just one proudly, Roger has been extremely heavy in fell to the ground!
km altitude from the momentum of what a violent fall? Rogge, launched by the shares of the earthquake wave momentum, with the sudden burst of tremor ground that have few genie to the ground.
Roger chanted the spell haste, hand appears with a flashing blue light of the long knives refining. knife appeared, he would fall to a few disoriented genie rushed to the spirit of power-driven ; instantly sent!
an invisible shock wave passing a few head genie, they are sensitive to sudden burst of paralysis, at once set in place, unable to move. Roger waved the magic long knife, cut them into instant will a few paragraphs.
abyss filled with lava world, where all the activities there are very high for fire resistance, magic associated with the ice will also be greatly reduced environment. So Roger After much deliberation, to feel cutting edge magic to control or supplemented by long term resident evil dark creatures to the Roger was only vaguely aware of the fat will immediately brandished a knife and eat big when a genie finished the last cut, Serena was falling from the air, splash, one off their feet and fell.
her whole body just felt like the bones of the upper and lower bulk the same, hard-won Renxia body pain, struggling to climb up. She sat up. to see that repeated the fat man teased her standing in front of her, is blatantly looking at her body. < br> Serena bow down Roger's eyes, and immediately screamed, pulled a broken clothes and cover your exposed the left one. her shame under air, about to stand up, pointing to Jacques Rogge criticized: ; outrageous things, you dare rude. I immediately kill you! time long past, Rogge long knife in the hands of magic disappeared. arrogant empty-handed into the face of Serena's Jacques Rogge, the hearts of no fear.
her hand a Yang Sword to the back of the dark to the hands. Serena Sword a means Rogge, thundered: ! how could such a strong drive Excalibur? completely unable to launch this Lisaileinuo Sword attached to various powerful effects. do not have a strong secondary effects. This little girl is only a rookie Ersi no combat experience. Although in this age, she's vindictive and sword skills are considered outstanding, but very rich experience in fighting fat eyes, and her some of these skills are useless in the style and no substance and nothing.
Rogge sneer, fat lightning out of hand, hand to the girl Wojian the clutch go. to want a sword to be taken from him. but he will want to touch the fingertips of both wrists of the international tender girl, and suddenly her face changed. lightning back, so after a girl the sword.
face volatile Rogge, who frown gaze girl in the hands of the dark sword. just close that the Sword of the moment, deep down he suddenly burst uneasiness, a vague intuition told him, do not touch it the dark sword.
Roger suddenly looking up into days, staring at the sky, the blood cloud. He has felt everything in this world and this in the dark red Sword secret echoes, both on the ground lava, or the Fire Dragon in the sky, each with the Sword of change under the dark line on the surge.
Roger suddenly have a feeling, it is that the Sword and myself in this world is actually one.
Is this boundless abyss of the world's eyes, is an illusion?
Rogge frown pondering random step back, let off a huge Kankan sword blade, and then Xinshou wave, a slap in the face after the sword fall out of control moment is at the Serena fans back.
Serena sitting on the ground, to holding a burning cheek, incredibly beautiful tearful eyes looked at Roger.
this hateful nasty fat actually hit her! even gave her a slap in the face is so mercilessly! childhood Tai, no one had ever said she was a heavy word, but this fat actually hit her!
Serena holding bursts of numbness in the face, obviously felt there were already slightly swollen. She suddenly a loud cry, jumped up Mad Chui waving sword to kill the Rogue.
flap or two, another two in mind for her spinning slap in the face.
Serena beam down from the long hair loose, her blood red eyes, and the same potential if Fenghu rushed up to Roger! Roger looks a little impatient, and he relaxed arm around the girl, it will be appropriated for the side of the Sword, then a heavy blow fell on her belly!
this moment, Serena and Roger face very close distance, she could clearly see the eyes that hint of ruthlessness Rogge light. convulsion-like bursts in the abdominal pain flooded her consciousness Before the terrible giant fist fat from her face is getting closer!
so heavy a punch up what happens? Serena instantly think of a myriad of possible broken nose, bruised eyes, will also come face all swollen? God hh
She closed her eyes and uttered a scream hysterically!
But that is not expected to blow in her face fell. She opened her secretly eyes. is to see Roger stony face. fat cold: will yield! so we go out, my father would kill you! Lena to carry over, Chi Chi twice, has broken her clothes are torn. a pair of white like a dove has revealed.
Serena eyes full of tears has already started, she was totally against the force, though still not yield, but in the eyes of the panic has been unable to carry jewelry.
Rogge a throwing her to the ground, take off his shirt, while sneered and said: easy? you must have heard what is raped and killed it. If you do not listen, let you try this good! I hh listen! ask you hh In order clothes. but she was really bad clothes, broken, blocked here, not hide there. girl whispering, sobbing, unable to adjust the corset. trying to cover your skin a little more.
Luo Grid can not help but said: Roger stared at, shouted: > Roger dazed, he did not look far for a mountain peak, pointing to lift, said: Tears followed the mountain to go to Roger unto them. dark red sword back on her back.
Rogge quietly on the surface. actually has dark precaution in mind, because he found that no matter the circumstances next. dark sword is not in the hands of Serena is on her back, never had a moment of her separation.
Chris Sword hh .
she immediately looked down, not to see the eyes of hatred for the Roger, tame: people, and continues to issue calls for, as I do not know the content of calls, but in the past there have been calls from the sacred example of the strong response. So the sword of Damocles is a double-edged sword, he would master leads to the enemy side, but it is likely to lead to too powerful enemies, whom to bring destruction. You can only bite the bullet a few times in the dry, and then two of the knife. hh hh that you have to kill me!! your hands. why call me the sword, it can determine the blood relationship? it is the case, it can be is a god. girl, suffered a shock, the could not help sobbing quietly. She authentic off: the past, nobody knows. hh do not know really do not know! I am starting from the age of fourteen, my father took me to the sword, and a teacher taught me the method to use the sword. In addition, I am nothing know, really do not know! Which with such fear, to eat dirt to live?
sobbing in Serena's big hands suddenly felt Roger patted her head, she immediately scream, back a little. but misty eyes, she did not so to expect in the indecent assault. She looked up, see Rogge was out a long time without signs smile, as if the sun, looking at her.
Serena has now embarked on the mountain with the summit of Roger Rogge refers to the distance a, Chen Sheng said: . If you want to die to escape this world, you have to listen to me.
Serena heart in the end no matter how you think, this way, she would have no chance of disobedience.
first two encountered are those weak genie, she barely had the opportunity to have a go, even if the sword of Damocles and the area lost all power of space, dark blade is unbreakable.
is more to the abyss deep to go to, there's the more powerful demon monster, to be later, just the fear of monsters boundary issue has been too much for her, more anxiety to mention sword fighting on.
looked to a terrorist only brutal dismemberment of the fat easily demon, she suddenly understood the true strength of the gap between the two sides much.
fat fighting endless variety of techniques, but slowly, and even Serena can also see that he was gradually becoming difficult.
more later, Roger used the more dark magic. At one end of the fighting, the Rogge to simply place a complete resurrection of evil points. undead demons slow movement, low intelligence, but durable than that of lifetime better. there it attracted the attention of demons, Jacques Rogge, extermination much smoother immediately. Unfortunately, the devil and then die also has a strong limit, beaten more naturally came tumbling down.
Rogge tried to revive the first six demons, the two successive attempts without success, he could no longer reluctant to try the third time. resurrection demon magic of this powerful biological consumption of very large, in the abyss of the hell, in addition to the dark magic class, the other magic failure are high, even to the spirit of matchless power Rogge huge push, it appeared difficult to avoid defeat.
stare at the demons to see the body Fazheng Roger, Serena hearts thrill, I do not know Zende said: I also can not help hh
ground trembling slightly again. far more than the root of a first-born corner, Tongshen dark red meat on back wing of a pair of tattered devil appeared. It is clearly different from the devil, at least burning his hand to the handle of the sword and flame of hell to clear this point clearly. Prior to this, there is not a demon is the use of weapons.
Serena have already stopped hearts Xiunu and grievances , widened her mouth, watching in horror as the huge and horrible monster. Though far away, but she had vaguely sensed the demons to Fear Ward!
Roger took a deep breath, then slowly authentic : have seen two delicious prey. it take significant steps, Ji Ben came to the side.
Rogge, Ben stared at the more closer the Bartok devil, and went straight tunnel: a place to hide! Do not drag me back out! eyes gradually turn silver light. and then roar heard, actually rushed to the Bartok demon face!
although his body and up to four meters of the Bartok is trivial compared to the devil, but the pace seemed very students. even also caused the ground trembling slightly, if the momentum of this, the devil is not quite Biba Tuo much worse.
one person, one magic close to the flame of the devil Sword Bartok has raised high!
Rogge read a very simple spoken out on the ground all of a sudden a few vines of dark black roots, his legs firmly locked in the ground.
cast out of the darkness of bondage Rogge, the original object that was actually fixed their own . he was so stop, Bartok devil may Shoubu Zhu hand, chop it in the Rogue Sword severely a few meters in front of open space. the charred ground hard rock cut out of a crack as long as several meters . to take this opportunity, Rogge body wave, a black cloud enveloped the Bartok immediately giant demon.
each Bartok devil has a high degree of wisdom, see Rogge curse cast out of the darkness, it immediately gave out a roar of laughter in almost!
Curse of power and success rate of the two factors, whether physical or willpower powerful large extent, Bartok demons than human beings are far from ordinary. Thus, although the environment in the abyss Curse of Darkness has been enhanced, but no matter how enhanced, but also impossible to make up for the difference between the two is like a vast difference, so the curse cast on Bartok devil will certainly fail. But this small insect-like magician even eye with mockery!
Bartok devil does not care to let this little black cloud enveloped her, and wanted to hide anyway, it is also not immune. It once again brought the sword, sword ready to two little bugs.
Jian-gang held up, it stunned his thick arms that are rapidly spreading a layer of black light to behavior did not feel the weight of the Sword dramatically heavier, and it came one after another throughout the body bursts The numb feeling, should have potential if the roaring of the sword is slow at the moment more than doubled.
curse actually do succeed? this is not possible! even if God is really blessing this small insect-like magic division, it will only show it in other ways, the curse can never be successful! If its face is more like the first dragon!
Bartok up demons howling in anger, a huge roar shook on the mountainside near the small rocks are falling one after another, hiding in the distant Serena has stubbornly blocked ears, but the roar is still unable to wash her body, shivering scared her. In a short time crisis facing death many times, childhood arrogant by nature, never tried the taste of her frustration is almost collapsed.
Rogge how the magic power control, high strength, low-level for the dark magic that not only bound to prompt , and made magic before the effect can precisely control the time. Now just solve the dark shackles, he leaps, sprang to the Bartok devil, this time, but full launch!
Bartok devil slow, where with Rogge was on the action, but it is only anger and no fear, the little insects that point the poor is not likely to attack their own kind of how it just waiting for the curse of time off, students can these small bugs swallow!
However, small insects and even beyond the Bartok cunning devil, see the first dark curse work, even while he bolted around the Bartok demons, while one after another began to cast a curse! and his heart is absolutely sinister, weaken the magic cast a series of resistance up the curse, a failure, followed by a. placed fourth, the Bartok devil finally roar, this time fat and success!
next to pour out all the curse, The Curse of the six kinds of success even five!
Bartok devil has been completely into a rage state, it began to spit blindly looked strong sour distributed to the fire, sword and also casually waved. try to only fleeing kill small insects in one fell swoop.
Rogge suddenly be the devil in the Bartok skill, and then silently raised, waving Flanagan Smart bypass the giant tail, until the devil Bartok waist was paused.
Devil and the deep battle I do not know how many years of very deep understanding of the natural biological vulnerability. Bator, the top end of the waist giant devil, it is vital one fatal.
Rogge sneered. right hand has turned into very sharp Juzhua, then howling cry, the devil suddenly broke open the Bartok hard skin. almost the whole arm is inserted into the!
throes under Bartok devil, action suddenly snapped.
Rogge know the blow is not enough to kill the demon Bartok. He surfaced once again behind the ferocious leader, suddenly a huge upgrade to the magic of the Cone of Cold is also instantaneous.
numerous rapids Chill devil's body in the Bartok erupted, a large number of small ice picks have not had time to shape to squeezed together, and the burning of the flesh and the devil Bartok visceral mixture to form a group more and more hockey.
thud, Bartok's lower back at the devil suddenly blew a large hole, a large Xuemo the pieces of ice mixed with spray out, and even Roger had been washed too far from the body of the devil fly Bartok.
Bartok looked the devil can not find the confidence to head down, looking for the fatal work. Unfortunately, with its physical structure, that work will never see in its place.
it for a while Dai Li, issue shaking of the ground while howling, and finally pitched down.
Rogge wiped his face exudes a thick sour Xue Mo, while big mouth breathing heavily, while scolded: a kind of inside and outside of your body as strong and evil! I also can not just block the curse of it? Relying on you? milk of perspicacity to settle this first Bartok devil, if that day did not see how to kill the Silver Dragon Wella is the king, he would not think of the body cast ice magic of this approach, it marked a long time have to continue this fight.
him a break a bit, went to Serena.
Serena has moved from hiding place to go out, but she do not seem to move from just a soul shaking the battle to recover is still a horror-stricken face, stood there.
Roger suddenly, felt something was amiss, Serena's eyes did not just looking at the battlefield, without looking at the bodies of demons Bartok, covered in bloodstained not looked at him, but after looking at his hh
!
turned his whirlwind, watching the distant vigil with two Bartok demons, can not help a black eyes.
This is not to be the devil two Bator, just call the other end before his death from the devil, are not important important.
Roger looked at the burning sky, looked at the burning of four tight, look at the see Serena, his life experiences such as electricity, passing one by one from the heart, the will, the enlightenment, known all momentary recall again.
a time, he hit bottom.
Rogge has to understand Fuchu space prime minister is here, for the door, it was fed to the abyss of evil flesh and blood sacrifice the window! abyss if the real world, he might want to run away and hide to hide, but in which interest rates over the magic sword Chris What interest rate linked to the singular, in fact, run away, nowhere to hide.
the space seem expansive, but he has felt, in fact, this is only a very limited space, and space, there is also very stable . but he did not break the space barrier of divinity, and his soul can not escape from here.
other end just a lot of ability Bartok devil has been cast yet he throws, but if the two together, and that would never be such a matter. Bator, more mythical servant can summon demons, although the combat effectiveness of these genie is not strong, but they are a wide range of people is definitely fighting to contain the power can not be ignored. In addition, Roger a powerful curse, Bartok devil then why not? they naturally comes with several powerful curse, which does not seem to Bi Luoge color of those goods.
If the devil can not resist Bartok relying on the spirit of Roger forces launched a curse, then Roger can not resist the devil's curse Bartok.
two Bartok demon face, he really is come to the end.
Roger glanced back once again stuffed deeply Lena, barely pressed the first cut her idea. If not, that she and her back to the sword of Damocles, fat is still a fun Empire Druids who thought the harm the drug count it.
But he is no longer the year that will be free to vent their anger kill the rogue. Now it will not kill Serena save his little life, not to mention the sword of Damocles, the mysterious world and the plug Lena link between the point of view, most likely in this world, this little girl did not die.
Rogge gave a long sigh, and Serena said: to look for way out when you go hh! echoed, and louder and louder: speed is not slow, but more and more heavy footsteps. He stepped down each step triggered by the earth tremors, no better than the devil weak Bartok huge size!
whole body began revealing the slightest Rogge silver, followed by concentration intractable live silver light seeping from his body. finally cemented in him even a silver light helmet!
and Bartok as the distance between the devil is getting closer, Romania cell body more and more bright silver light. to the later, silver has been completely suppressed in bright red and black two-color world, will all things are plated with a layer of silver!
from Bator is still the devil There is a quite long period of distance, Rogge has jumped up. the moment he hands over more than a meter of the great silver light gun!
like in the long howling like the Dragons, even Rogge began to accelerate in the air, the people turned into a huge matchless silver arrow to speed from the unspeakable evil of the chest through the Bartok!
long howling still vaguely echoed hh
snapped the light ring. broke the sudden silence, the abyss of the world.
hundred meters, has been heavily restored prototype Roger fell to the ground. he has exhausted every effort, at the moment not want to move about the whole thing.
but fat, smiling, although he knows is doomed to die from the hands of the devil the other end of Bartok, but the devil take the other end it just pure, without the slightest reservation quanliyiji spiritual power, and never could get down.
singular whistling, but he too lazy to look back, also were unable to look back.
fat eyes closed, waiting for the arrival of the final moments.
a delicate white, should not belong to the hands of the world is creeping into the abyss .
Bartok emotional rage demon suddenly disappeared, and it has red eyes staring at the giant to the limit, but still do not understand the things I see.
light armor that is a blonde girl. her feet gracefully stand in the charred rock, lost one hand behind him, one hand pointing to the sky.
only her real estate broker in the dog that day, that the devil is holding four meters Bartok Sword of the blade!
she fully as the devil in front of Bartok as nothing, just looked at the floor of the fat, pale smiles: forces such as the sinking of the invincibility of the deep sea, totally can not play the slightest role. Bator highly intelligent cunning devil has always been known for brutal, but this time, it even confused crazy!
Sela Fei gently around the wrist , great shape immediately Bartok devil spin helplessly in the air, then fell heavily to the ground. It is not a time to find the right direction, is struggling to get up at random, but Sela Fei has marched crushing pace It instantly turned around a few times, enlivened with cheerful cross swords, being unable to shed the colorful Huayu represents death.
blink of an eye, Sela Fei has stopped its dance of death, cross swords wave, a silent wind has been cut into hundreds of pieces of blown-day Bartok devil to the other party.
she was still on the ground close their eyes to look back fat to die, could not help but make a sentence: ! flower. Xuejian gently place the ground, and seems a mockery of his cowardice.
Rogge looked down up this pair of boots, and finally see that Sela Fei contains the endless beauty in the face of deadly Murder .
incredibly fat man rubbed his eyes, and then ...
Wednesday, February 23, 2011
Tuesday, February 22, 2011
Why would I want to be a small mom-meter gold medal in mother
Why should I be a attractions, souvenirs, is very common kind of medals, engraved with the In many area of the horn Gala n wrote day, would not win, the first time put up the neck, his daughter ran to the mirror, your mirror, said: 2 year old child's mouth before we thought it was funny sweet and innocent, if it is from a 12-year-old girl's mouth, then everyone will think that the parents did not educate, so blindly confident.
explain a lot with her daughter What is the scenic souvenir times, she does not know, because some time ago she was with my grandparents read many of the Asian Games, and finally explained to her: very obedient, willing to learn, and her mother award you a gold medal medals to ask her: ;. a good neighbor also reminded me: The scenic souvenir Bale.
then several days in the twelfth lunar month, the gold medal the two words are free to use her countless times in any place, called the gold medal she had eaten shrimp prawns, and her toy bunny rabbit called the gold medal, she The bag is called gold bags, gold grandmother called grandmother, my mother called the gold medal mom, dad called gold naughty nickname dad has a dog named eggs, fat uncle ... uncle called the Gold ... In short, what are the gold medal.
This is quite interesting, when she meets a new word or new English words, he would repeatedly keep reading about in the mouth until she can say it slip that far.
this time she has proficiency in the recitation of ABC alphabet song, good mood, she will continue to sing for you again, and I feel good when the music will sing the alphabet song version of Even low-key and proud of his daughter sing the alphabet song sound set their own ringtones, it is hoped by others about worship, envy it, then fiercely proud about.
in the world my husband and I, my daughter is gold Yaya is the best and most beautiful lovely baby, this is every parent's horizons. there are limits and very real.
mother joked: buy a few really, it makes sense say no harm, then went by her.
and I was thinking about, corresponds to the gold medal Yaya parents, we did not seem to do better. While it has been working with, but also far is not enough.
I did not accompany the child to grow every day, there is no time to walk the motherland with her magnificent scenery, no child reported to her classes, did not learn what talent, what talent did the course, did not have DHA, Rough rice wild fish all day tea, cabbage, eggs, prawns ... ...
I closed the gold medal even though her mother, I promise trembling, but inside they know that their mother left too many gaps in the gold medal.
because know that there are gaps in order to have the direction of goals, under the guidance of the target in order to give children a better tomorrow for more effort.
gold Yaya, I will try.
80 North drift after the grass-roots Notes from a small childcare original story --- m Updated daily, welcome to exchange child care, food, marriage, emotions, willing to years of good, change this world peacefully!
explain a lot with her daughter What is the scenic souvenir times, she does not know, because some time ago she was with my grandparents read many of the Asian Games, and finally explained to her: very obedient, willing to learn, and her mother award you a gold medal medals to ask her: ;. a good neighbor also reminded me: The scenic souvenir Bale.
then several days in the twelfth lunar month, the gold medal the two words are free to use her countless times in any place, called the gold medal she had eaten shrimp prawns, and her toy bunny rabbit called the gold medal, she The bag is called gold bags, gold grandmother called grandmother, my mother called the gold medal mom, dad called gold naughty nickname dad has a dog named eggs, fat uncle ... uncle called the Gold ... In short, what are the gold medal.
This is quite interesting, when she meets a new word or new English words, he would repeatedly keep reading about in the mouth until she can say it slip that far.
this time she has proficiency in the recitation of ABC alphabet song, good mood, she will continue to sing for you again, and I feel good when the music will sing the alphabet song version of Even low-key and proud of his daughter sing the alphabet song sound set their own ringtones, it is hoped by others about worship, envy it, then fiercely proud about.
in the world my husband and I, my daughter is gold Yaya is the best and most beautiful lovely baby, this is every parent's horizons. there are limits and very real.
mother joked: buy a few really, it makes sense say no harm, then went by her.
and I was thinking about, corresponds to the gold medal Yaya parents, we did not seem to do better. While it has been working with, but also far is not enough.
I did not accompany the child to grow every day, there is no time to walk the motherland with her magnificent scenery, no child reported to her classes, did not learn what talent, what talent did the course, did not have DHA, Rough rice wild fish all day tea, cabbage, eggs, prawns ... ...
I closed the gold medal even though her mother, I promise trembling, but inside they know that their mother left too many gaps in the gold medal.
because know that there are gaps in order to have the direction of goals, under the guidance of the target in order to give children a better tomorrow for more effort.
gold Yaya, I will try.
80 North drift after the grass-roots Notes from a small childcare original story --- m Updated daily, welcome to exchange child care, food, marriage, emotions, willing to years of good, change this world peacefully!
Monday, February 21, 2011
Feminist Art How to Lust, Caution
How female art Lust?
Edge vs Choi Hyuk Byun
from Mo (Year / Beijing / Choi
futile since the default is absurd to make the move, but the wood in the water, fish around the Mu-sheng, in this particular case, the margin down wood for the sake of showing a bit of fish intelligence. male female artists to talk about art, though not then put ourselves in, but the observer.
mercenary art
edge business success: your art investment market right now do you feel?
Cui: basic good. If a certain high demand, then the current conditions, We do not have many market price with the creators do not have much relationship. artistic behavior to be divided into creation, appreciation and the market, and several other links, various problems have separate discussion. artists to create a complete, enter the critical stage, and then enter the market. In market stage, the artists get the name, not necessarily the number of benefit. people scrambled picture, he has little to do with money or not. Chicken finished, the fry cook fried chicken does not matter now. artists have name, will affect the market price of his future, but also a painter, each painting may vary greatly between the artistic level, not every piece of market prices are high. We see the auction, is the surface phenomenon, who is operating the specific with an inflow of much in the future to whom the baton, is unknown. auction market prices, not just an economic activity, has become an important means of brand promotion, higher is reasonable. experts see Road, lay watch the fun, collecting market price, should be seen in a similar view.
side: the actual it is, in turn, and work directly into the auction market, and the middle of some of the links is almost imaginary.
Cui: Criticism is cultural behavior, theories of market about a certain, but said by the critics may not be achieved in the short term an art master, effective or even ultimately determine the market price or the market itself, or take the money of the people the final say. Of course, people could get money no longer fool. can not say that this painting is worth, say people who have money to buy this painting. to the poor wretch all, this auction will fall through.
side: this is only for the auction, right?
Cui: the basic history of art for the whole world is so, there is a reasonable, practical change reality, and a bunch of mercenary businessman, accomplished artist, creating art history. Do not be afraid of clever tricks businessman, just to make money, as long as he is not bad wounding, we should tolerate. granary real conceivable manners, to a certain level of business, material abundance, importance to know the culture. perfect, perfect, needs a process.
lucky side of the back are bitter tears: you There are no concerns about this the more successful women? comment, do the gallery, as well as to do the auction, there are many women do well, but seems to be a writer in the level I think is not easy to come out.
Cui : Yes, but it does not come out to be relatively easy to have a relatively difficult. We can not deny that some people are lucky, but you feel lucky for each person is behind a one can not see the thief thief beaten to eat meat not seen, in fact, created a successful twists and turns. the artist's agent, to directly face the society, combat experience to be rich. the artist in his studio library, calmly of course risky to wait.
edge : how do you know are difficult.
side: You say this quite interesting, your point of view with the Ai Weiwei is just a background.
Cui: Ai Weiwei is a pure artist, artists are often purely emotional. What is emotional? a film forehead, beat Venus chaos to take a photograph in his ears straight shot ringing in the ears, feel wonderful, but not aesthetic commonality. Venus chaos to take other people see you, tinnitus and other people hear me? each person Peng Pai in the turbulent inner world, is a great poet, but the expression does not come out to mean no, no law is nonsense expression. his own emotional relationships with others what is it? artists such pure emotion, and the spirit of rational logic great scientists, thinkers, there are essential differences, the realm of high and low can be. I master the art of a small cup, can not be said to be vat, the Press the too little too little.'m sorry, I was climbing toward that level, of course, but also the spirit of bitter tears preparations.
women artists are born with the disadvantage side: You just mentioned three criteria, and if you give women the relative success of the artist and then set a standard, is not it should be different?
Cui: to be fair, standing for human rights, democracy, free angle, no difference between men and women. distinguished Chinese and foreign female artist in history , we did not because she is a woman and her special treatment. above sea level, is an objective and absolute.
side: but women have some unique perspective and expression, right?
Choi: It is Naturally, from art, personality, philosophy, style analysis, female art have their own characteristics, but we can not limited to, intolerance. theory, idealism, not reality, and reality. Art no weak. in the consumer level, the art market , and even more so. everyone to face the reality of life, develop their own is the best, but definitely not the worst. men have the convenience of mining Concert, M Masters, ah, you always think he is a personal matter ah. Empress Ye Hao, Wu Ye Hao, their calligraphy, than how matter sorted Wang ? in people's eyes, how to tell male and female emperor than the Emperor? Senior's land base, course of events be men, and
Choi: That depends on what area, what type, not more than ah. as a movie star, in a way, men can not with the woman ratio. female star to attract all eyes, that not the same, the than it? Female University, female master, there are several men than the matter sorted out? female artists are born with the disadvantage, of course, so that is not accurate.
Edge: What you mean to say that women born belongs to the weak?
Cui: Basic hundred percent, I mean the probability and statistics. Although this may be unreasonable, but the traditional habit. cooking is a good man, a good barber is a man, the doctor is a good man . back to the art market, each artist must explore their own potential, to find their soul mate, then, is easy to tap the male artist? Or female artist easy to dig it? to your own imagination. to buy a male artist paintings, is pure art behavior; a beautiful girl, artists, people bought her paintings, there must be other problems.
side: there must be problems?
Choi: Sure. This between things, but to the whole process and others to judge it, no problem would have a problem.
side: she does not exist purely artistic factors?
Choi: Sure, but a high requirements, high level. From the studio come to market, is a complex process. purely artistic factors, not easy to judge. living in the real market, is real, and even cruel. female artists in the market is also a natural weak. not her problem, nor is it to buy the painting in question, nor is it a problem with the market, the traditional understanding of a problem. the so-called problem, since a problem, a lot of the bad address.
Edge: What do you think will be considered have problems with it?
Cui: male-female relationships may be the problem. you have to argue that their is absolutely no problem, then I'm sorry, the more wiping more black.
life
side play are: Have you ever noticed, the market women what kind of work which is more popular in?
Cui: Mass is divided into two kinds: first, there are artistic; second, inexplicable. two people and No points are fine, in fact, it is difficult to fine points. It is hard to say one thing, those who say that they know, that you may rest assured, he must be an outsider. no matter what the aesthetic master, no question about the clear The.
side: There have not met the woman can move your forces?
Choi: I am an idealist, and rational plus emotional, anyone who can really move me, make me feel five lost three authentic to like, basically impossible. collection market is booming now, you can choose the category is also very large, while the real is not particularly rich. said to be rich, boasting the line, food line, take the money to buy also must be a small number of works of art. In this economic environment, the art market can not beg for greater prosperity, greater artists can not dream and to move forward step by step. female artists more so, she can not crazy, or to sense, to draw some of their own things. First of all, she wanted to get peace of mind; Secondly, she should have a healthy happy life. For an artist, the rain could not beat the wind and miss it, has been is a pleasure, and if able to sell paintings, to achieve well-off to be satisfied. asking for too much, we should carry more, they cost more. the ability of each of us is not so large, so that br> Edge: Yes ah, what you say is Success?
Cui: For example, Yu Gao, she is influential contemporary female artists, her work has a Strangeness things which exist, feel occult , mystery, with her metaphysical aesthetic pursuit. Liwen Zi Yu shot high hands, making sculptures from the skin of the hand to be very hard, hard, and strive to give meaning and spirit of the special complex, play and moving, probation, through the visual symbols, to undertake a number of human, cultural, artistic thinking, I think this is a commendable. For art investment adviser Miss Li Wenzi, also operate their own three-quarters of galleries, she was very enthusiastic, hard, to pay attention to women artists, to promote culture and art in the contemporary women's development and overall market position, her vision, there are many consolidated reserves of knowledge, she was named a Young Global Leader, can be seen as a leader. There are some women artists, in their third of an acre of land, hard work, should be given access to his own, and I think that is commendable. can not ask people perfect, especially for female artists.
side: you do not feel good women What many artists?
Cui: think more, but they're very small. she has better than others, because she compared with others in Yongming ah. the art of the highest paid, is the spirit, and is interested in is the time, is the life , she just mentally ready to sacrifice your life to certain outstanding general who can not go beyond her game.
side: Whatever you say, is not I can succeed as long as your life and I ah?
Cui: ah, but unfortunately, not everyone can do it. , which is not wholeheartedly on the mortgage? pay, is the harvest, always wanted to enjoy, opportunistic, hopeless. services is the market to see the so-called began to prepare another, do not worry, this person will not be accomplished. concentrate on is the professional diligence.
side: your life, the total there are other, right? such talent?
Cui: talent, which is part of life ah. good life that he can get through life, sex, Road and teach ah. you can not your life, a tired, headache, fall ill, it is your life. people are not interested, not that fate it? personality differences, and ultimately result in arts difference.
side: can this be understood as the passion you?
Choi: It can be understood. passion, passion is not failure, is one of life good performance. He was happy to dry, is the enjoyment, not that is painful.
side: What do Reiki? effort it?
Cui: = WT, efficiency multiplied by time, is the result.
Edge: Man Huaisha master says you are not a big fool, but I think the most wonderful thing he is stupid, why? you think someone is not hard, but a success; while he does, hard lot of little effect, is not stupid? I wish to enter cultivating the state, as long as they meet, Shao Yu, has been a successful enough.
men, women need to move closer to the edge
: You just said that men and women artists was no gender difference, but between man and man the difference, right?
Choi: Yes, the basic way.
side: in fact you are not given to women groups and special understanding.
Cui: looks like you understand me. I think If the special division of female artists should come out about it, to prove that you think people have to die, the others as weak a. is like a pendulum small Taner business, you paid the money, but also critical, not stingy, but is equal to each other. to help people can not make people feel out of the relationship between subject and granted, requires skill.
edge: Are you saying that treat men and women is not a thing?
Cui: In theory, so to speak. No self, no relative, no sentient beings, no longevity, no distinction should be attached to each other. gender differences between men and women are born, have regard to say about it is nonsense; but also can not say that the difference between men and women However, throughout the history of human civilization space, but did not. in the arts, could be fair, finding friends, investors, collectors, art more valuable, but unfortunately there are still men and women do not ah.
Edge: How to multi-point Concert? I said was in the market.
Cui: two aspects: one is the sex; one talent, temperament. beyond your gender, beyond the limitations of your own knowledge framework, will be able to expand. women leaders, but his face is not ugly, it has been beyond her personality, then the conditions she had to do great things. Many world-class star, too, like a spring breeze with her contacts, she has gone beyond the gender of the. beyond gender, but also the material basis required.
Edge: I understand that is female artist Do not think of myself as a woman?
Choi: That does not work, can not go too far, to have with the concept. women, in particular but also an artist, but Tate's husband with the child-like, all day long with people Paijian Bang, drinking, smoking smoke, Brew, it is finished. to do anything, do not seriously not too serious does not work, no law exchanges. do not think of myself as a woman is a fool, so think of myself as a woman but also accomplished something, the reason is simple, but practical difficult, intelligence, the situation is still very important thing.
Edge: So for men it?
Cui: The same.
side: not too think of myself as a man?
Choi: It is not necessary No. itself is a man, but not big Shuawei Feng, a surge of rogue gas; the other hand, a powder, even worse.
side: But how to get beyond the male gender do?
Cui: do not go beyond male gender, because the world is a masculine world, at least consciously. As for the men are around women, and even change the world, is also a fact, not a particular phenomenon. It that is not clear.
Edge: Do you mean to say, successful women to find she wanted to move closer to men, some of the highlights of the above?
Cui: Oh, this is the most rewarding of our conversation today, ah. Women closer to the males, is to follow common law. a lot of theories and ideas, is continue to exchange speculation, the knowledge spiral will continue to mature, realistic and objective judgments. Today we talk about the most instructive mm women can move closer to the males, that is to follow common. women both If a woman, but also to understand men, understanding men and women of the world, to develop business, it is necessary transformation of thinking. that close, not to women dependent on men, but not a man of, fighting for independence, that is not conducive to social harmony. men no translation, he could understand women, but definitely not a woman of.
arts, there are men Seyan
side: we have to say that women rely on to go to a standard, the standard minimum, at least, have a male standard, right?
Cui: standards we set.
side: or, a normal, qualified standard, more than from women to men?
Cui: Finally, the standards are out of uniform. Although men and women are different, but the art is equal.
side: how do you say back ah?
Cui: men and women are human beings, it was recognized. artists can be divided between men and women, but the art does not treat men and women.
side: Of course men and women are human beings, but this man into a man and woman, and before you point of view if combined, that is, women to be successful then we should be shuffled around some of the gender color, male way of thinking tended and values.
Cui: You can think so. engage in the arts, not engage in life, to separate analysis. artistic life, and then exactly that the art market, women have to intervene, the harvest may not have to comply with the rules, who set the rules, who would have preferred.
Edge: Well, she was to go by males, because the art market in the eyes of men, or look forward to in the , right?
Cui, yes. This is the strange habit of doing.
side: that in fact, that men represent the values of mainstream values.
Cui: Human history is written by men The whole of human history is the track of men, but because of the presence of some women, the road may change.
Edge: Well, since she still need to rely on this talent by one, that is to say she was not born this way, or Most women are not born with this tendency must be close, right?
Cui: Of course, the facts changed her mind, then, she only wants to move closer, they have the habit of in accordance with existing traditional approach. The number of women artists, or a fraction, perhaps because they do not wander around for.
side: she has to change himself, to explain her natural sex has its limits, where do you think this limitation? < br> Choi: It is very level! Do not worry, we come to specific analysis, apart. I think, may still be women, which shows her special, alternative, differential, only the necessary convergence. arts, there is male Seyan. I am a male, not detailed understanding of women, standing on their position, thought so .
side: I see, I think some very mysterious problems, you think there is a level.
Cui: Haha. I do not think that is mysterious, the more specific the more difficult. For example, women the limitations of social aspects, where the limitations of her? This question asked quite a level. This is the question we need to consider not Xia Xiang, according to logical analysis.
side: You say that women's limited nature, but also in the control force, but as long as a woman, even more obscure things, complex, emotional, perceptual some. exclusion can not afford.
edge: women artists think so What?
Cui: dreams, they do not. successful gentleman, is often solemn and will not lose the greater, of course, this does not preclude His humor and fun. However, the attitude is very important, especially in the presence of women, beautiful women there, it will affect his mood, and even affect his discretion. He not only to control themselves, but also try to figure out his judgments around judgments.
Edge: to judge the judge, What does it mean?
Cui: collectors like an artist's work, if a male artist, but also a matter of course, if the face of a female artist, we must appropriate discretion . Women artists are not young and beautiful, beating said, or to more complex. He can emotional, completely in the aesthetic likes and dislikes, to follow their own vision and appreciation of cultural ideas, but what will others think?
side: you said going to think?
Cui, ah, there are so many artists optional, there are so many female artists optional pretty girl like you Why is the work? is purely cultural taste or appreciation of taste with a sexual attraction ? Even if he can transcend such trivial details, but can not resist the speech around them.
side: the important speech of people around you?
Cui: it important to important, it is not important not important . After all, we live in a certain environment, unless ignore it. successful people, generally do not interfere with the opinions of others, or even transformation, about the whole situation, but it's Fortunately, the case can be the. back seeking Secondly, the middle level, a lot of people, regardless of artistic standards to female artists, social initiative or not, high and low EQ, but the collector's subjective consciousness, and the colors around the eyes, they are all objective .
Edge: collectors of works of art on the idea of sexual awareness and how it?
Cui: The Art of the descriptions of a natural theme. of men and women born to happen, but also the enduring love part of the theme. love the results and evidence of confusion, almost equivalent, just different opinions. descriptive, requires skill, quality, artistic, too direct, to vulgar. not beautiful, disgusting, vulgar, and sometimes incomprehensible. < br> Edge: How do you understand the bold female art analysis of their own?
Cui: brazen to terrible. Contemporary Art, indeed, many people find it difficult to understand, even when we engage in the arts professional is also breathtaking. staggering, not cooing. female artists, the picture could not be any color and color, and even men are discouraged, you never say never?
Edge: Do you think it must do?
Cui: never! screen content is not a bit fat yellow, people to see the heart to tears, it was really a bit taste of the Phoenix Nirvana, a little taste of fire fighting locusts. the art of martyrdom, sacrifice, must not it? picture, after all, not thinking of human behavior, not a philosophical proposition. Television industry even more with no way out!
Edge: Television, how must the?
Cui: film and television industry udarnik Trinidad and Tobago, a day of a state, once exposed the world to know. not off enough to PETTY, all exposed naked , really effective, fee of up, and advertising costs go up. I'm off, therefore I am. think off it? who are eligible do not! human sense of shame, be easier to hand a hot topic invincible. female artists not weight, not abstinence, the situation will be a vicious cycle, further intensified.
Edge: Women artists can do this?
Cui: quite different. Even if a performance artist, because, unlike television viewing surface of the lens so popular, So the impact was still small, negative effects are also low. writers no longer promote purity, but the body writing, collective Jiaochun, lively extreme. female artist, the picture in the form although the After all, the cultivation of traditional Chinese culture still play a role. not binding, the performance is no accomplishment.
side: it is still more effort to be on the screen, right?
Cui: Of course. the above-mentioned women can women forget their own identity, when in the creation of this, when you have to be in the social machine grasp. With the macro-guidance, planning, artistic but also to measured color processing, actual situation, the actual situation transformation, skills to play, try to figure out the art of true knowledge, the true meaning of life.
successful launch / paste / 2007 / Beijing / Choi from the default for
Edge vs Choi Hyuk Byun
from Mo (Year / Beijing / Choi
futile since the default is absurd to make the move, but the wood in the water, fish around the Mu-sheng, in this particular case, the margin down wood for the sake of showing a bit of fish intelligence. male female artists to talk about art, though not then put ourselves in, but the observer.
mercenary art
edge business success: your art investment market right now do you feel?
Cui: basic good. If a certain high demand, then the current conditions, We do not have many market price with the creators do not have much relationship. artistic behavior to be divided into creation, appreciation and the market, and several other links, various problems have separate discussion. artists to create a complete, enter the critical stage, and then enter the market. In market stage, the artists get the name, not necessarily the number of benefit. people scrambled picture, he has little to do with money or not. Chicken finished, the fry cook fried chicken does not matter now. artists have name, will affect the market price of his future, but also a painter, each painting may vary greatly between the artistic level, not every piece of market prices are high. We see the auction, is the surface phenomenon, who is operating the specific with an inflow of much in the future to whom the baton, is unknown. auction market prices, not just an economic activity, has become an important means of brand promotion, higher is reasonable. experts see Road, lay watch the fun, collecting market price, should be seen in a similar view.
side: the actual it is, in turn, and work directly into the auction market, and the middle of some of the links is almost imaginary.
Cui: Criticism is cultural behavior, theories of market about a certain, but said by the critics may not be achieved in the short term an art master, effective or even ultimately determine the market price or the market itself, or take the money of the people the final say. Of course, people could get money no longer fool. can not say that this painting is worth, say people who have money to buy this painting. to the poor wretch all, this auction will fall through.
side: this is only for the auction, right?
Cui: the basic history of art for the whole world is so, there is a reasonable, practical change reality, and a bunch of mercenary businessman, accomplished artist, creating art history. Do not be afraid of clever tricks businessman, just to make money, as long as he is not bad wounding, we should tolerate. granary real conceivable manners, to a certain level of business, material abundance, importance to know the culture. perfect, perfect, needs a process.
lucky side of the back are bitter tears: you There are no concerns about this the more successful women? comment, do the gallery, as well as to do the auction, there are many women do well, but seems to be a writer in the level I think is not easy to come out.
Cui : Yes, but it does not come out to be relatively easy to have a relatively difficult. We can not deny that some people are lucky, but you feel lucky for each person is behind a one can not see the thief thief beaten to eat meat not seen, in fact, created a successful twists and turns. the artist's agent, to directly face the society, combat experience to be rich. the artist in his studio library, calmly of course risky to wait.
edge : how do you know are difficult.
side: You say this quite interesting, your point of view with the Ai Weiwei is just a background.
Cui: Ai Weiwei is a pure artist, artists are often purely emotional. What is emotional? a film forehead, beat Venus chaos to take a photograph in his ears straight shot ringing in the ears, feel wonderful, but not aesthetic commonality. Venus chaos to take other people see you, tinnitus and other people hear me? each person Peng Pai in the turbulent inner world, is a great poet, but the expression does not come out to mean no, no law is nonsense expression. his own emotional relationships with others what is it? artists such pure emotion, and the spirit of rational logic great scientists, thinkers, there are essential differences, the realm of high and low can be. I master the art of a small cup, can not be said to be vat, the Press the too little too little.'m sorry, I was climbing toward that level, of course, but also the spirit of bitter tears preparations.
women artists are born with the disadvantage side: You just mentioned three criteria, and if you give women the relative success of the artist and then set a standard, is not it should be different?
Cui: to be fair, standing for human rights, democracy, free angle, no difference between men and women. distinguished Chinese and foreign female artist in history , we did not because she is a woman and her special treatment. above sea level, is an objective and absolute.
side: but women have some unique perspective and expression, right?
Choi: It is Naturally, from art, personality, philosophy, style analysis, female art have their own characteristics, but we can not limited to, intolerance. theory, idealism, not reality, and reality. Art no weak. in the consumer level, the art market , and even more so. everyone to face the reality of life, develop their own is the best, but definitely not the worst. men have the convenience of mining Concert, M Masters, ah, you always think he is a personal matter ah. Empress Ye Hao, Wu Ye Hao, their calligraphy, than how matter sorted Wang ? in people's eyes, how to tell male and female emperor than the Emperor? Senior's land base, course of events be men, and
Choi: That depends on what area, what type, not more than ah. as a movie star, in a way, men can not with the woman ratio. female star to attract all eyes, that not the same, the than it? Female University, female master, there are several men than the matter sorted out? female artists are born with the disadvantage, of course, so that is not accurate.
Edge: What you mean to say that women born belongs to the weak?
Cui: Basic hundred percent, I mean the probability and statistics. Although this may be unreasonable, but the traditional habit. cooking is a good man, a good barber is a man, the doctor is a good man . back to the art market, each artist must explore their own potential, to find their soul mate, then, is easy to tap the male artist? Or female artist easy to dig it? to your own imagination. to buy a male artist paintings, is pure art behavior; a beautiful girl, artists, people bought her paintings, there must be other problems.
side: there must be problems?
Choi: Sure. This between things, but to the whole process and others to judge it, no problem would have a problem.
side: she does not exist purely artistic factors?
Choi: Sure, but a high requirements, high level. From the studio come to market, is a complex process. purely artistic factors, not easy to judge. living in the real market, is real, and even cruel. female artists in the market is also a natural weak. not her problem, nor is it to buy the painting in question, nor is it a problem with the market, the traditional understanding of a problem. the so-called problem, since a problem, a lot of the bad address.
Edge: What do you think will be considered have problems with it?
Cui: male-female relationships may be the problem. you have to argue that their is absolutely no problem, then I'm sorry, the more wiping more black.
life
side play are: Have you ever noticed, the market women what kind of work which is more popular in?
Cui: Mass is divided into two kinds: first, there are artistic; second, inexplicable. two people and No points are fine, in fact, it is difficult to fine points. It is hard to say one thing, those who say that they know, that you may rest assured, he must be an outsider. no matter what the aesthetic master, no question about the clear The.
side: There have not met the woman can move your forces?
Choi: I am an idealist, and rational plus emotional, anyone who can really move me, make me feel five lost three authentic to like, basically impossible. collection market is booming now, you can choose the category is also very large, while the real is not particularly rich. said to be rich, boasting the line, food line, take the money to buy also must be a small number of works of art. In this economic environment, the art market can not beg for greater prosperity, greater artists can not dream and to move forward step by step. female artists more so, she can not crazy, or to sense, to draw some of their own things. First of all, she wanted to get peace of mind; Secondly, she should have a healthy happy life. For an artist, the rain could not beat the wind and miss it, has been is a pleasure, and if able to sell paintings, to achieve well-off to be satisfied. asking for too much, we should carry more, they cost more. the ability of each of us is not so large, so that br> Edge: Yes ah, what you say is Success?
Cui: For example, Yu Gao, she is influential contemporary female artists, her work has a Strangeness things which exist, feel occult , mystery, with her metaphysical aesthetic pursuit. Liwen Zi Yu shot high hands, making sculptures from the skin of the hand to be very hard, hard, and strive to give meaning and spirit of the special complex, play and moving, probation, through the visual symbols, to undertake a number of human, cultural, artistic thinking, I think this is a commendable. For art investment adviser Miss Li Wenzi, also operate their own three-quarters of galleries, she was very enthusiastic, hard, to pay attention to women artists, to promote culture and art in the contemporary women's development and overall market position, her vision, there are many consolidated reserves of knowledge, she was named a Young Global Leader, can be seen as a leader. There are some women artists, in their third of an acre of land, hard work, should be given access to his own, and I think that is commendable. can not ask people perfect, especially for female artists.
side: you do not feel good women What many artists?
Cui: think more, but they're very small. she has better than others, because she compared with others in Yongming ah. the art of the highest paid, is the spirit, and is interested in is the time, is the life , she just mentally ready to sacrifice your life to certain outstanding general who can not go beyond her game.
side: Whatever you say, is not I can succeed as long as your life and I ah?
Cui: ah, but unfortunately, not everyone can do it. , which is not wholeheartedly on the mortgage? pay, is the harvest, always wanted to enjoy, opportunistic, hopeless. services is the market to see the so-called began to prepare another, do not worry, this person will not be accomplished. concentrate on is the professional diligence.
side: your life, the total there are other, right? such talent?
Cui: talent, which is part of life ah. good life that he can get through life, sex, Road and teach ah. you can not your life, a tired, headache, fall ill, it is your life. people are not interested, not that fate it? personality differences, and ultimately result in arts difference.
side: can this be understood as the passion you?
Choi: It can be understood. passion, passion is not failure, is one of life good performance. He was happy to dry, is the enjoyment, not that is painful.
side: What do Reiki? effort it?
Cui: = WT, efficiency multiplied by time, is the result.
Edge: Man Huaisha master says you are not a big fool, but I think the most wonderful thing he is stupid, why? you think someone is not hard, but a success; while he does, hard lot of little effect, is not stupid? I wish to enter cultivating the state, as long as they meet, Shao Yu, has been a successful enough.
men, women need to move closer to the edge
: You just said that men and women artists was no gender difference, but between man and man the difference, right?
Choi: Yes, the basic way.
side: in fact you are not given to women groups and special understanding.
Cui: looks like you understand me. I think If the special division of female artists should come out about it, to prove that you think people have to die, the others as weak a. is like a pendulum small Taner business, you paid the money, but also critical, not stingy, but is equal to each other. to help people can not make people feel out of the relationship between subject and granted, requires skill.
edge: Are you saying that treat men and women is not a thing?
Cui: In theory, so to speak. No self, no relative, no sentient beings, no longevity, no distinction should be attached to each other. gender differences between men and women are born, have regard to say about it is nonsense; but also can not say that the difference between men and women However, throughout the history of human civilization space, but did not. in the arts, could be fair, finding friends, investors, collectors, art more valuable, but unfortunately there are still men and women do not ah.
Edge: How to multi-point Concert? I said was in the market.
Cui: two aspects: one is the sex; one talent, temperament. beyond your gender, beyond the limitations of your own knowledge framework, will be able to expand. women leaders, but his face is not ugly, it has been beyond her personality, then the conditions she had to do great things. Many world-class star, too, like a spring breeze with her contacts, she has gone beyond the gender of the. beyond gender, but also the material basis required.
Edge: I understand that is female artist Do not think of myself as a woman?
Choi: That does not work, can not go too far, to have with the concept. women, in particular but also an artist, but Tate's husband with the child-like, all day long with people Paijian Bang, drinking, smoking smoke, Brew, it is finished. to do anything, do not seriously not too serious does not work, no law exchanges. do not think of myself as a woman is a fool, so think of myself as a woman but also accomplished something, the reason is simple, but practical difficult, intelligence, the situation is still very important thing.
Edge: So for men it?
Cui: The same.
side: not too think of myself as a man?
Choi: It is not necessary No. itself is a man, but not big Shuawei Feng, a surge of rogue gas; the other hand, a powder, even worse.
side: But how to get beyond the male gender do?
Cui: do not go beyond male gender, because the world is a masculine world, at least consciously. As for the men are around women, and even change the world, is also a fact, not a particular phenomenon. It that is not clear.
Edge: Do you mean to say, successful women to find she wanted to move closer to men, some of the highlights of the above?
Cui: Oh, this is the most rewarding of our conversation today, ah. Women closer to the males, is to follow common law. a lot of theories and ideas, is continue to exchange speculation, the knowledge spiral will continue to mature, realistic and objective judgments. Today we talk about the most instructive mm women can move closer to the males, that is to follow common. women both If a woman, but also to understand men, understanding men and women of the world, to develop business, it is necessary transformation of thinking. that close, not to women dependent on men, but not a man of, fighting for independence, that is not conducive to social harmony. men no translation, he could understand women, but definitely not a woman of.
arts, there are men Seyan
side: we have to say that women rely on to go to a standard, the standard minimum, at least, have a male standard, right?
Cui: standards we set.
side: or, a normal, qualified standard, more than from women to men?
Cui: Finally, the standards are out of uniform. Although men and women are different, but the art is equal.
side: how do you say back ah?
Cui: men and women are human beings, it was recognized. artists can be divided between men and women, but the art does not treat men and women.
side: Of course men and women are human beings, but this man into a man and woman, and before you point of view if combined, that is, women to be successful then we should be shuffled around some of the gender color, male way of thinking tended and values.
Cui: You can think so. engage in the arts, not engage in life, to separate analysis. artistic life, and then exactly that the art market, women have to intervene, the harvest may not have to comply with the rules, who set the rules, who would have preferred.
Edge: Well, she was to go by males, because the art market in the eyes of men, or look forward to in the , right?
Cui, yes. This is the strange habit of doing.
side: that in fact, that men represent the values of mainstream values.
Cui: Human history is written by men The whole of human history is the track of men, but because of the presence of some women, the road may change.
Edge: Well, since she still need to rely on this talent by one, that is to say she was not born this way, or Most women are not born with this tendency must be close, right?
Cui: Of course, the facts changed her mind, then, she only wants to move closer, they have the habit of in accordance with existing traditional approach. The number of women artists, or a fraction, perhaps because they do not wander around for.
side: she has to change himself, to explain her natural sex has its limits, where do you think this limitation? < br> Choi: It is very level! Do not worry, we come to specific analysis, apart. I think, may still be women, which shows her special, alternative, differential, only the necessary convergence. arts, there is male Seyan. I am a male, not detailed understanding of women, standing on their position, thought so .
side: I see, I think some very mysterious problems, you think there is a level.
Cui: Haha. I do not think that is mysterious, the more specific the more difficult. For example, women the limitations of social aspects, where the limitations of her? This question asked quite a level. This is the question we need to consider not Xia Xiang, according to logical analysis.
side: You say that women's limited nature, but also in the control force, but as long as a woman, even more obscure things, complex, emotional, perceptual some. exclusion can not afford.
edge: women artists think so What?
Cui: dreams, they do not. successful gentleman, is often solemn and will not lose the greater, of course, this does not preclude His humor and fun. However, the attitude is very important, especially in the presence of women, beautiful women there, it will affect his mood, and even affect his discretion. He not only to control themselves, but also try to figure out his judgments around judgments.
Edge: to judge the judge, What does it mean?
Cui: collectors like an artist's work, if a male artist, but also a matter of course, if the face of a female artist, we must appropriate discretion . Women artists are not young and beautiful, beating said, or to more complex. He can emotional, completely in the aesthetic likes and dislikes, to follow their own vision and appreciation of cultural ideas, but what will others think?
side: you said going to think?
Cui, ah, there are so many artists optional, there are so many female artists optional pretty girl like you Why is the work? is purely cultural taste or appreciation of taste with a sexual attraction ? Even if he can transcend such trivial details, but can not resist the speech around them.
side: the important speech of people around you?
Cui: it important to important, it is not important not important . After all, we live in a certain environment, unless ignore it. successful people, generally do not interfere with the opinions of others, or even transformation, about the whole situation, but it's Fortunately, the case can be the. back seeking Secondly, the middle level, a lot of people, regardless of artistic standards to female artists, social initiative or not, high and low EQ, but the collector's subjective consciousness, and the colors around the eyes, they are all objective .
Edge: collectors of works of art on the idea of sexual awareness and how it?
Cui: The Art of the descriptions of a natural theme. of men and women born to happen, but also the enduring love part of the theme. love the results and evidence of confusion, almost equivalent, just different opinions. descriptive, requires skill, quality, artistic, too direct, to vulgar. not beautiful, disgusting, vulgar, and sometimes incomprehensible. < br> Edge: How do you understand the bold female art analysis of their own?
Cui: brazen to terrible. Contemporary Art, indeed, many people find it difficult to understand, even when we engage in the arts professional is also breathtaking. staggering, not cooing. female artists, the picture could not be any color and color, and even men are discouraged, you never say never?
Edge: Do you think it must do?
Cui: never! screen content is not a bit fat yellow, people to see the heart to tears, it was really a bit taste of the Phoenix Nirvana, a little taste of fire fighting locusts. the art of martyrdom, sacrifice, must not it? picture, after all, not thinking of human behavior, not a philosophical proposition. Television industry even more with no way out!
Edge: Television, how must the?
Cui: film and television industry udarnik Trinidad and Tobago, a day of a state, once exposed the world to know. not off enough to PETTY, all exposed naked , really effective, fee of up, and advertising costs go up. I'm off, therefore I am. think off it? who are eligible do not! human sense of shame, be easier to hand a hot topic invincible. female artists not weight, not abstinence, the situation will be a vicious cycle, further intensified.
Edge: Women artists can do this?
Cui: quite different. Even if a performance artist, because, unlike television viewing surface of the lens so popular, So the impact was still small, negative effects are also low. writers no longer promote purity, but the body writing, collective Jiaochun, lively extreme. female artist, the picture in the form although the After all, the cultivation of traditional Chinese culture still play a role. not binding, the performance is no accomplishment.
side: it is still more effort to be on the screen, right?
Cui: Of course. the above-mentioned women can women forget their own identity, when in the creation of this, when you have to be in the social machine grasp. With the macro-guidance, planning, artistic but also to measured color processing, actual situation, the actual situation transformation, skills to play, try to figure out the art of true knowledge, the true meaning of life.
successful launch / paste / 2007 / Beijing / Choi from the default for
Sunday, February 20, 2011
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.
- 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.
Thursday, February 17, 2011
Work through the coming dry
Work through the next
20070608 Qu dry Hun Sen 7:00
vastness of the universe, a big crowd,
why you and I come together?
Virtual world, Internet broadband,
What is your and I met a link?
not tell the truth, understand one another,
hand to change the fate of the only dry through the next!
ideal platform from there,
Okawa mountain is no longer a barrier!
which Tube boss sets foot at home or Alice,
We can not stop laughing happily all over the world!
voice and facial expression can also travel on the sea because we were in a dry
through future!
Chinese land, descendants,
the theory of the birth of the Chinese people,
original platform of human intelligence,
stirring my heart I am very bold,
concerted friends at home and abroad,
let us into dry through the next!
heard of you, millions of people in the classroom?
ten million construction of a giant in the contemporary classroom,
still elected civilian teacher of children into schools,
development of education, to meet the challenge waits for no man,
talented foreign professors, theorists,
prepared for you in the dry through to the next stage!
dry through the next influx of e-commerce,
all business activities as simple and bright,
I do not need to, do not you come,
you I just honesty, sincerity to each other,
now faces reshuffle wealth,
your future to the future in the dry pass !
government offices moved to dry through the next,
no hotel building, not complex reception,
make satisfactory arrangements for the virtual and reality,
efficient service for the benefit of human society is full of love,
harmonious society not the distant future,
contributed and dry through the next!
Do not ask me what is dry through the next,
few words I can not say so,
the face of today's information explosion era,
also unable to re-imagine the rich white,
temporarily to call her for the information super market!
cough, it is not dry through the next general!
Come on, come interested in promising friends,
Come on, come immoderation the younger generation,
here venerable beacon of excellence,
elite gathered here with you,
may have ups and downs but there will not fail,
dry through all the good will come from the future!
hand dry as you pass me the future,
then no power to separate us,
third-stage care to build our common,
play smart wit her dress more exciting,
not limited idea of thinking of her future but the most dazzling
must be dry through the next!
20070608 Qu dry Hun Sen 7:00
vastness of the universe, a big crowd,
why you and I come together?
Virtual world, Internet broadband,
What is your and I met a link?
not tell the truth, understand one another,
hand to change the fate of the only dry through the next!
ideal platform from there,
Okawa mountain is no longer a barrier!
which Tube boss sets foot at home or Alice,
We can not stop laughing happily all over the world!
voice and facial expression can also travel on the sea because we were in a dry
through future!
Chinese land, descendants,
the theory of the birth of the Chinese people,
original platform of human intelligence,
stirring my heart I am very bold,
concerted friends at home and abroad,
let us into dry through the next!
heard of you, millions of people in the classroom?
ten million construction of a giant in the contemporary classroom,
still elected civilian teacher of children into schools,
development of education, to meet the challenge waits for no man,
talented foreign professors, theorists,
prepared for you in the dry through to the next stage!
dry through the next influx of e-commerce,
all business activities as simple and bright,
I do not need to, do not you come,
you I just honesty, sincerity to each other,
now faces reshuffle wealth,
your future to the future in the dry pass !
government offices moved to dry through the next,
no hotel building, not complex reception,
make satisfactory arrangements for the virtual and reality,
efficient service for the benefit of human society is full of love,
harmonious society not the distant future,
contributed and dry through the next!
Do not ask me what is dry through the next,
few words I can not say so,
the face of today's information explosion era,
also unable to re-imagine the rich white,
temporarily to call her for the information super market!
cough, it is not dry through the next general!
Come on, come interested in promising friends,
Come on, come immoderation the younger generation,
here venerable beacon of excellence,
elite gathered here with you,
may have ups and downs but there will not fail,
dry through all the good will come from the future!
hand dry as you pass me the future,
then no power to separate us,
third-stage care to build our common,
play smart wit her dress more exciting,
not limited idea of thinking of her future but the most dazzling
must be dry through the next!
Wednesday, February 16, 2011
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 ...
[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 ...
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