1: Once a man fishing, caught a squid only.
Squid ask him: Do you let me go, do not I eat ah roast.
Man said: Yes, I ask you to consider a few question it.
very happy squid said: You test it you test it!
and then the man put the squid to bake ..
2: I have too schizophrenic, but now we have recovered.
3: A student in the U.S. driving test, turn left in front of signs suggest that he was not sure, ask the examiner:
br> hh then hung up ..
4: One day, 5th Floor, mung bean jumped from suicide, a lot of blood flow into the red beans; has been festering, he is a soybean; wound end up with scars, and finally into the black beans.
5: Small sensible hair, next to the school, the students see his new hairstyle, smiles: Xiao-Ming, your head like a kite Oh-type! Xiao Ming feel wronged, to go out crying. I cried myself ~ he flew up hhhh
6: personal long as onions, walked wept hh.
7: Little Penguin one day asked his grandmother, Grandma Grandma, I'm not a penguin ah? ; Yes ah, ah you are a penguin, how is it? > wedding day h
a corn corn h
find another asked beside the popcorn corn: the corn you see our family do?
popcorn: Dear, people wearing Wedding of the Well hh.
9: music class, the teacher playing a Beethoven tune
Xiao Hua Xiao Ming asked: ;
Xiao Ming: raise the dead, the living What?
A: Jiaojiu Ming 2!
11: Question: cloth and paper afraid?
answer: cloth afraid of ten thousand, the paper just in case.
reasons: not (cloth) afraid of ten thousand, only the (paper) just in case.
12: One day a lady sat down car h
the way her mother did not know the way to play with a stick h.
mother ass drivers : Which?
Driver: This is my ass h..
13: an egg cup of tea to the tea, the results it became boiled eggs; an egg run the Songhua River to swim, the results it becomes the egg; have eggs went to a Shandong, turned into a Lu (halogen) eggs; an egg become homeless, it becomes a wild eggs; an egg on the way careful not to fall, fall in on the ground, turned into a missile; an egg go to the yard of the family, turned into a bomb; an egg go to the Tibetan Plateau, the results become a hydrogen bomb; an egg is sick, turned into a villain; an egg married, turned into a jerk; an egg go swimming in the river, turned into a nuclear bomb; an egg go to the flowers gone, turned into a Hua Dan; an egg riding a horse, holding a knife, that he is Peking Opera Blues; an egg or female, long ugly, the result becomes a dinosaur egg; an egg is male, his wife and the other eggs out adultery, and he became a son of a bitch ; an egg hh
14: host asked: Will the cat climb? eagle Responder: Yes! Moderator: examples! eagle tears: That year, I was fast asleep, the cat climbed a tree h later on With owl h
15: both feces shell dragonfly the welfare lottery, A said: I want to put in a radius of 50 miles award to buy down the toilet, eat your fill! B said: You Ah Tai Su a ! If I won the lottery to bag a living, eat fresh!
16: why the chicken cross the street
answer to get another side
17: A: That man is doing? < br> B: He was shaking.
A: Why did he want to shake it?
B: Yes he was cold.
A: Oh, not cold-drawn shivering.
A: hh < br> 18: Mr. Banana and his girlfriend have a date, walking down the street, the weather was hot, took off her clothes, Mr. Banana, after his girlfriend fell down hhh
19: a sausage is Off
feeling cold in the fridge, and then looked at the other side of the root, with the point of comfort, saying: ; I'm sorry, I'm popsicle. > 21: This diver is very difficult moves, he made a swivel for three weeks then take a half forward somersault backflip three weeks a month.
22: MM University of got lost looking for. met a gentle professor .
MM: May I ask, how can I go to college?
Professor: Only work hard in school, be above University.
23: Secretary and Chief of pooling the elevator, after the Secretary released a fart Chief said: You fart! chief said: I did not put the h soon be removed from office Chief Secretary said at the meeting: fart great things you can not afford to be magnanimous, to what you use?
24: Question: Now the business is not good doing it!
boss: Why?
Miss: , just graduated, did not find work, really do not have the money hh , I assure you, Allah will not grab one of us! Honey, you have a good lazy Yo, what with which to wash hh on the begging.
a drunk man walked by, that his poor, threw him a hundred dollars.
walking a few drunk one turned around to see the blind man to distinguish the sun goes big hundred copy of the true and false.
drunk over snatched the money back: I am looking for a friend in this, and he was blind, the toilet, but in fact I was dumb. Akira walked hh
28: Avian influenza mm are . know why Adam and Eve ate the forbidden fruit you?
AB: I do not know!
C: Because Adam did not smoke! (Hint: homonym of a word)
30: someone had just been abandoned by his girlfriend, happened in the street caught flirting with former girlfriend and the new love, he imagined gas, to humiliate them about. Then came forward politely greeted, and was contemptuously new love of his girlfriend, said: ! It felt like the People's Daily mm as real hh
32: just look at the top of the line of duty on the computer screen has a scroll bar things like news, the text above passes very quickly.
even curious to ask: This is the lyrics you?
Sister: Yeah!
Line of Duty: how flies so fast? no see!
Line of Duty: Jay!!
33: Wife: I really stepped on the dog blind feces will marry you.
Husband: I was really blind will marry you step on dog feces.
dog feces: Oh my good luck! lay there have been two of you to step on .. ....< br> 34: Chemical Examination Question: A and B can be transformed into each other, B in the boiling water can generate C, C in the air oxidation of D, D has the smell of rotten eggs, and asked A, B, C, D What the?
I A: A is the chicken, B is the raw eggs, C is a cooked egg, D rotten eggs of course, friends!
35: rubber, skins, lion's skin which the worst? < br> A: rubber.
because the eraser (rubber poor).
36: Q: 3 What is a foot tall thing???
answer: 3 foot tall monster!! !!!!< br> 37: ants go to the desert, and why the sand did not leave his footprints, leaving only a line on the road?
answer: because it is the bicycle!
ants back from the desert home, he did not tell anyone, but his family knew he was coming back! Why ah!
Answer: see his bike parked downstairs hh.
38: One day a woman was caught for drug use police, police saw her hand tattoos and asked her what are you doing to your boyfriend's name tattooed hands, he called the Little good is not h ah .. is not. quickly said that he had .. h. A drug that is not fast addict
looked up I saw that woman with the angry eyes of the police said
This is hate Rights h.
40: One day, Mel and her boyfriend driving out for a drive,
car almost out of gas, just next to a gas station, opened in the past, when a sudden gust of her boyfriend's hat blown off.
small beautiful boyfriend said to her:
through the woods, accidentally taken to a gibbon droppings,
kind of apes the apes cleaned differentiate.
But soon they fell in love, someone asked how did you come together?
gorilla said : Dead fat ..
43: There was a duck called the Little Yellow, one day it hit by a car when crossing the road a bit and yelled: : There is a penguin, his family home and far away from the polar bear, if by taking the case, have to go to get to 20 years. One day, the penguins stay at home, especially bored, ready to go polar bear to play, and he went out, but walked the road half the time found myself to forget to lock the door, which had gone for 10 years, but still have to lock the door, ah, then go home to penguins and locked the door. lock the door after the Penguins went off again polar bear, mean that he spent 40 years to the polar bears and penguins to their home hh door, said: Home play ~ more bun ah? ;
46: Little said: color.
48: a man, his stomach is not good. One day, he came to stomach the hospital, the doctor said: the like, said to him: it? pull down, pull finished, on the polar bear said: !
A: eat a vegetable!
52: two sausages in the fridge, over a long time,
a bit of a shake with the sausage, wow! cold ah ~!
very surprised the other sausages to say, hey? how can you say sausage?
53: One day,
Bucks have only run faster and faster,
went to the last,
it becomes a high-speed Bucks .
54: One day, a teacher took a group of adopted children to the mountains of fruit,
she announced that: All the children ran to pick fruits.
set the time comes, all the children are gathered.
teacher: Wash apples, because I picked the apples. : , Xiao Ming stood up but silent.
Teacher: Xiao-Ming?
Teacher: Xiao-Ming??
Teacher: Xiao-Ming! you how ah? you know the answer in the end ah? anyhow Zhiyi Sheng ah!
Xiaoming: squeak ~
56: elephant asked the camel: l how long your Mimi in the back? r
camel, said: l die away, I do not and the penis with a long in the face Speech on things!
57: how to make drink larger cups?
read Compassion
58: Xiao Ming: A few degrees today?
Xiaohua: minus 3 degrees Ah!
Xiao-Ming : No wonder so cold.
59: A little boy came home from school through the window and get a glimpse of a woman lying in bed wild man rubbing my chest, I shouted to a man!
next day the little boy found again from the window out of date woman lying on a guy,
the little boy went home and cried in bed mad rubbing my chest I want to bike to bike!
60: Once upon a bird,
him every day through a corn,
but unfortunately,
patch of corn one day, a fire,
have become all the corn popcorn!!!
after the bird in the past ... ...
that snow to cold dead ...
61: that there is a polar bear, because the snow was too harsh, and have to wear dark glasses to see things,
but he could not find sunglasses, so crawling around on the ground looking eyes closed, goes up and up Yeah, the hands and feet dirty crawl to find sunglasses. wear sunglasses, mirror a photo, and found: Oh, I is a panda.
62: science class the teacher asked: Why is a cold body after death?
no answer.
teacher asked: no one know?
At this time, there a student stood up and said: That is because �ľ���Ȼy.
63: Xiao Ming in a car accident lost a leg,
Xiao Ming in a car accident and lost a leg,
small crash out again lost his other leg,
small out in a car accident and lost his leg,
fact Xiao Ming is a dog.
64: one day, A, B, C three people go out to play, hang around for a long time to go on the road.
A later said,'m bored, I want to play B.
then C read A glance onto the alley to go play put the B.
65 : Three rabbit poo
pull the first section is long.
only the second ball of the.
third is actually a triangle.
ask it: I Yong Shounie The.
66: When will want reunification of Taiwan?
buy instant noodles when
67: One day Xiao Qiang asked his father:
father said:
Xiaoming dog owners see the fight of his dog, was unhappy to say: beat the dog to see the owner, heard of you?
when Xiao Ming said: good! I watched you, while playing your dog.
69: Bugs: flowers, you do with my pencil?
flowers: No, I did not use.
Bugs: You're useless?
Flower: I really useless!
Bugs: Well, you are useless in 17 people admit to a
70: ants after falling off from the Himalayas is how to die?
The answer: starvation. because too light floating down to ~ so long h
80: Why do dogs get smaller?
A: Because it is farther and farther.
81: Once there was a Ma! it fell into the sea Paozhepaozhao.
Therefore, it becomes a Ma, the result fell into the river. Later, he became It is several successive sets
car to run over, making him appear a good few black stripes.
result, it becomes companions, one day, it came to a factory, the result is transformed into raging As a result, all horses spared, no horse has become a world hh
then, a group of people could not help but after reading this joke to say: br> Finally, to commemorate this joke, it was compiled into a class, we call it > banks who said: tomorrow we must also, otherwise hh, chopped off two fingers;
the day after tomorrow, then hh, in cutting the four; the first 3 days, then hh
Xiao Ming: Is it not also the
banks of people: NO, to the time you become a little jingle.
83: a personal encounter God
day is good when God suddenly going to give that person a wish
God asked: Do you have What wish you?
man then said: I heard that cats have nine lives, then please give me 9 Mania now!
God said: Your desire to achieve slightly!
day That person idle boredom,
want to die a death anyway, 9 Mania Well
to lay the tracks,
results of a train in the past,
that people are still dead the.
Why is this?
because it sets the train cars are 10.
84: a guy to the hospital to be examined, and did a lot of testing.
doctor said: there is good news and bad news! read your test results, I find that you have potential homosexual tendencies!! and difficult to cure!
this guy said: Oh my God! that the good news then?
doctors shy to say: I found you quite lovely yeah
85: a hunter with his dogs to hunt in the woods a slip of the day did not prey.
dark, not willing to ride in, he just kept on woods turn,
horse suddenly said: l you do not give me a break, think I'm exhausted ah!? r
shocked to hear the hunter immediately roll down from the horse, pulling dogs to escape, went to a lesson under a tree panting, the dog patted his chest and said to him: l scared me, actually talking horse! r
so hunters spot was scared to death
86: wolf, tiger and the Lions who play the game will be eliminated? Wolf
because: Momotaro (out of the wolf)
87: A day pick a mirror facing the mirror of the talk about the importance; side of the people here, ah well familiar
B said; is? I see (taking the mirror), I ah! me that you do not know ah?
88: A tomato and tomato B to go shopping.
B Q A: Where are we going?
A does not answer.
B asked: Where are we going?
A or no answer.
B asked again.
turned on Tomato Tomato A B said: We are not tomatoes here? Why do we say it?
89: Once there was a white and a black cat white cat
day
cat fell into the water to save it white on black cat up
said something
`` Q: What does?
.
.
.
.
.
.
.
.
.
.
.
.
..
why do the cafes at night? two flies to eat.
small big question: Big Brother, why do we eat shit every day?
big wrote: Do not say when to eat something so disgusting!!
92: Grass Lu Su
ship: ;
Zhuge Liang: What is wrong with h? not ???not pull out, scare the monkeys, and now we must eat a good amount.
94: peripheral hospitals to prevent the escape of 100 patients, two patients still want to escape the mental hospital.
effort over the wall in the beating in the darkness . to 30 under the wall,
>
bare in play in the water,
suddenly was electric fish in the stream, the four boys were electrocuted to! guess one kind of electrical appliances.
Con: ah .... do not know Jesus ~
Xiao Ming: The answer is can store water ah!
small Luo: Dad, why do we have a long woolen?
Camel Dad: Because the desert wind, we have relied on block wind and sand, we will see the ah !
small Luo: Dad, why do we have a foot thick?
Camel Dad: Because the desert is sand, so that we stabilize ah!
small Luo: Dad, The last question, then we do at the zoo doing?
97: hen incubates the eggs, have an egg from its ass drilled out
hen: : stomach ache. a point of view up to sit on the toilet.
100: a morning, to a known tough Executive Morning soldier asked: > Executive annoyed:
Wednesday, December 29, 2010
Tuesday, December 28, 2010
Be a good hunter
Rabbit out of a dog to nest, has been after him, chasing a long time still not caught. Collie see such a scenario, mock dog said, replied: to the hunter to: dogs are right ah, I want to get more prey, was to think of a positive solution. As a result, hunters and bought a few dogs, who can be caught in hunting rabbits, you can get a few bones, can not catch no food to eat. This move really useful, they have to work hard chasing dogs rabbits, because no one wants to see other people have bones to eat, not eating their own. so, after a period of time, problem has emerged. big rabbit is very difficult to catch, good to catch a small rabbit. But the rewards are big rabbit caught and caught a small rabbit bones are similar, dogs are good at observation, discovered the trick, specifically to catch a small rabbit . slowly, we have found this trick. hunter hounds, said: Recently, the rabbit you catch getting smaller and smaller, why? hounds say: not much difference anyway, why charge so much enthusiasm to catch those large it?
power
hunters after reflection, decided not to share with whether the number of bone hook caught the rabbit, but over a period of time with each of the statistical time the total weight of dogs caught the rabbit. to evaluate the dogs according to weight to determine the treatment for some time. So the number of dogs have caught the rabbit and the weight increased. hunters very happy. but after a period of time, hunters found that the number of dogs and rabbits were caught less, And the more experienced dogs, hunting rabbits decline in the number of the more interest. So they ask the dog hunters. dog said, old, when we catch a rabbit when you eat you will give us the bones? The number and weight, provides that if a rabbit caught more than a certain number, even catching a rabbit, every meal can get a certain number of bones. dogs are very happy, we are all striving to achieve the required number of hunters . Over time, some dogs finally reached the required number of hunters. At this time, including a hunting dog, said: We work so hard, only got a few bones, and we catch prey much more than a few bones of this. We Why not give yourself hunting rabbits? general and their own dogs dogs grab the rabbit. the situation getting worse, hunters forced to lure a stray dog, asked him in the end, where wild dogs stronger than dogs. dingo said: out of the flesh ah! reform, making the addition to the basic bones of each dog, the availability of its total rabbit hunting n, and with the service longer, larger contribution, the ratio can be increased and the right to share the total rabbit hunters of m. In this way, dogs have to work together with the hunters, the dogs are forced to suffer a great deal, have strongly urge the return to dog teams.
power
hunters after reflection, decided not to share with whether the number of bone hook caught the rabbit, but over a period of time with each of the statistical time the total weight of dogs caught the rabbit. to evaluate the dogs according to weight to determine the treatment for some time. So the number of dogs have caught the rabbit and the weight increased. hunters very happy. but after a period of time, hunters found that the number of dogs and rabbits were caught less, And the more experienced dogs, hunting rabbits decline in the number of the more interest. So they ask the dog hunters. dog said, old, when we catch a rabbit when you eat you will give us the bones? The number and weight, provides that if a rabbit caught more than a certain number, even catching a rabbit, every meal can get a certain number of bones. dogs are very happy, we are all striving to achieve the required number of hunters . Over time, some dogs finally reached the required number of hunters. At this time, including a hunting dog, said: We work so hard, only got a few bones, and we catch prey much more than a few bones of this. We Why not give yourself hunting rabbits? general and their own dogs dogs grab the rabbit. the situation getting worse, hunters forced to lure a stray dog, asked him in the end, where wild dogs stronger than dogs. dingo said: out of the flesh ah! reform, making the addition to the basic bones of each dog, the availability of its total rabbit hunting n, and with the service longer, larger contribution, the ratio can be increased and the right to share the total rabbit hunters of m. In this way, dogs have to work together with the hunters, the dogs are forced to suffer a great deal, have strongly urge the return to dog teams.
Monday, December 27, 2010
This round of global inflation, why is not over yet
This round of global inflation, why not pass
resources dual pressure of the attack, this time may be the real test.
U.S. financial tsunami, the world is a mess. Most analysts believe that with the deepening global economic recession, inflation is over.
in my opinion, too early.
are different in the past, the past inflation or the means of production, or livelihood, is in short supply and therefore increase investment, expand production capacity, supply up, inflation down naturally.
but this is completely different , is the tight demand for resources.
what propped up the demand for resources? is capacity. Of course the dollar is behind the junk, a stimulation of the housing bubble and the resulting production of domestic breeding of strong consumer demand, two emerging market economies to stimulate the rapid expansion of production capacity.
why the dollar can continue to super-fat? Is it because the finished goods prices do not rise, inflation is not high. This has become a rate cut, Greenspan continued the expansion of the implementation of monetary policy is best reasons.
but a tango, you have to see about the other side, emerging-market price of systematic distortion of most (popular government regulation and subsidies). In China, due to master all levels of government monopoly of economic growth Almost all of the necessary elements and resources, so as long as they wish, they can, in theory, and resources by the price factor to a minimum in the world to attract the most investment. So we see that in a per capita resources far below the world average level of countries, there are ultra-low energy prices in China, low water price, low environmental standards, low land prices (and sometimes give away), super tax benefits, over low labor standards. With the 2001, China joined the WTO, so that once an economy has been thrown to the overall trend of economic globalization, the cause of global capital, and even the industry chain of mobile elements is bound to be unprecedented. We find in history not such a huge economy, the manufacturing sector such expansion. In the distorted price system, the company's capacity expansion has been pushed to the border before it was suspended.
case, a broken housing bubble, the U.S. recession, global demand fell suddenly becomes surplus production capacity. In the end, though demand fell, but production had to continue in the short term, do not continue to mean that previous investments are failed to be implemented, means that business failures (blast furnace steel frame up, can stop you), in this sense, the demand for resources capacity is inertia, there is rigidity. five or six years after the rapid expansion of global production resources to bear in the formation of difficult to change once the pattern of demand. To change the adjustment of the economy is of tragic , the company going bankrupt, a lot of capacity to be cleaned, it seems that emerging markets seems to be able to escape this process.
most analysts simply believe that the U.S. demand declining, commodity market bubble will burst, energy prices will be like the early 80s U.S. recession, a fall in the end. The judge is problematic logic.
Why energy prices have not dropped to the real time?
today's world, energy consumption is actually two : China, U.S. consumption and production in emerging markets. Since last August the outbreak of the subprime, commodity price inflation, the first half of this year. in just 10 months, may I ask, emerging markets can be cleansed, how much capacity? businesses have closed, how much? so, resource requirements, and substantial decline in the number?
enterprises in the first round of the surge in energy prices, have resisted, production can be retained. prices fall, the pressure to reduce business costs, and still alive, but to ? history, has never been the cost of production is the pressure drop in the state of being cleaned. China and India and other emerging market factor is still the market price of goods continued to drop resistance.
Similarly, the absolute amount of energy consumption, the largest American it is impossible to change in the prices the way of life.
In short, the resources, . When the emerging markets in the resources and markets under the dual pressures of the attack, companies going bankrupt, oil prices soared when the Americans had to shrink clothes in the diet, the resources to really come short of the bull market.
a basic conclusion: the present States efforts to save the economy far from the beginning of economic recovery is only postponed the climax of this round of economic adjustment time. And of course, depend on the process to achieve U.S. policy.
the U.S. government to spend trillions of dollars finally determined Public efforts to rush to the rescue of financial crisis, can only be weakened dollar, pushing up inflation. In theory, financial aid can be resolved by printing money, it can be contracted expenditure to resolve. But the U.S. dollar in the international monetary system monopoly , as long as the selling point of several major central banks, a chain reaction triggered by the collapse of U.S. dollar could trigger, who can not stand the consequences. If you can not sell, then the natural choice of game is to consciously safeguard the dollar balance on this edge. means the United States can continue to be the financial crisis through the monetary losses caused to transfer, and this move will only lead to dollar depreciation of the dollar will not collapse.
proved to be short-sighted many market analysts, before the two rooms was taken over, most analysts think the U.S. has passed the worst period of the dollar strengthening trend of a foregone conclusion. It now appears that as long as the financial risks are not eliminated, the dollar is difficult even to stand up.
resources tight demand br>
resources dual pressure of the attack, this time may be the real test.
U.S. financial tsunami, the world is a mess. Most analysts believe that with the deepening global economic recession, inflation is over.
in my opinion, too early.
are different in the past, the past inflation or the means of production, or livelihood, is in short supply and therefore increase investment, expand production capacity, supply up, inflation down naturally.
but this is completely different , is the tight demand for resources.
what propped up the demand for resources? is capacity. Of course the dollar is behind the junk, a stimulation of the housing bubble and the resulting production of domestic breeding of strong consumer demand, two emerging market economies to stimulate the rapid expansion of production capacity.
why the dollar can continue to super-fat? Is it because the finished goods prices do not rise, inflation is not high. This has become a rate cut, Greenspan continued the expansion of the implementation of monetary policy is best reasons.
but a tango, you have to see about the other side, emerging-market price of systematic distortion of most (popular government regulation and subsidies). In China, due to master all levels of government monopoly of economic growth Almost all of the necessary elements and resources, so as long as they wish, they can, in theory, and resources by the price factor to a minimum in the world to attract the most investment. So we see that in a per capita resources far below the world average level of countries, there are ultra-low energy prices in China, low water price, low environmental standards, low land prices (and sometimes give away), super tax benefits, over low labor standards. With the 2001, China joined the WTO, so that once an economy has been thrown to the overall trend of economic globalization, the cause of global capital, and even the industry chain of mobile elements is bound to be unprecedented. We find in history not such a huge economy, the manufacturing sector such expansion. In the distorted price system, the company's capacity expansion has been pushed to the border before it was suspended.
case, a broken housing bubble, the U.S. recession, global demand fell suddenly becomes surplus production capacity. In the end, though demand fell, but production had to continue in the short term, do not continue to mean that previous investments are failed to be implemented, means that business failures (blast furnace steel frame up, can stop you), in this sense, the demand for resources capacity is inertia, there is rigidity. five or six years after the rapid expansion of global production resources to bear in the formation of difficult to change once the pattern of demand. To change the adjustment of the economy is of tragic , the company going bankrupt, a lot of capacity to be cleaned, it seems that emerging markets seems to be able to escape this process.
most analysts simply believe that the U.S. demand declining, commodity market bubble will burst, energy prices will be like the early 80s U.S. recession, a fall in the end. The judge is problematic logic.
Why energy prices have not dropped to the real time?
today's world, energy consumption is actually two : China, U.S. consumption and production in emerging markets. Since last August the outbreak of the subprime, commodity price inflation, the first half of this year. in just 10 months, may I ask, emerging markets can be cleansed, how much capacity? businesses have closed, how much? so, resource requirements, and substantial decline in the number?
enterprises in the first round of the surge in energy prices, have resisted, production can be retained. prices fall, the pressure to reduce business costs, and still alive, but to ? history, has never been the cost of production is the pressure drop in the state of being cleaned. China and India and other emerging market factor is still the market price of goods continued to drop resistance.
Similarly, the absolute amount of energy consumption, the largest American it is impossible to change in the prices the way of life.
In short, the resources, . When the emerging markets in the resources and markets under the dual pressures of the attack, companies going bankrupt, oil prices soared when the Americans had to shrink clothes in the diet, the resources to really come short of the bull market.
a basic conclusion: the present States efforts to save the economy far from the beginning of economic recovery is only postponed the climax of this round of economic adjustment time. And of course, depend on the process to achieve U.S. policy.
the U.S. government to spend trillions of dollars finally determined Public efforts to rush to the rescue of financial crisis, can only be weakened dollar, pushing up inflation. In theory, financial aid can be resolved by printing money, it can be contracted expenditure to resolve. But the U.S. dollar in the international monetary system monopoly , as long as the selling point of several major central banks, a chain reaction triggered by the collapse of U.S. dollar could trigger, who can not stand the consequences. If you can not sell, then the natural choice of game is to consciously safeguard the dollar balance on this edge. means the United States can continue to be the financial crisis through the monetary losses caused to transfer, and this move will only lead to dollar depreciation of the dollar will not collapse.
proved to be short-sighted many market analysts, before the two rooms was taken over, most analysts think the U.S. has passed the worst period of the dollar strengthening trend of a foregone conclusion. It now appears that as long as the financial risks are not eliminated, the dollar is difficult even to stand up.
resources tight demand br>
Sunday, December 26, 2010
Soft landing in 2007 of real estate opportunities not to be missed
Soft landing in 2007 of real estate opportunities not to be missed
1 26, when the State Council Development Research Center I worry mm for 2007 Chinese real estate market, we should be most wary of are > To prevent this kind of to stop the continued inflow of hot money coming from overseas; second pulled off hot money overseas shipments, the ability to quickly exit.
am very pleased that, on February 2, the Beijing Municipal Construction Commission and other departments jointly issued the and foreign individuals to buy real estate in the notice. transaction.
can be expected, as long as Overseas shipments of hot money pulled off quickly exit capacity hot urban real estate can be worked out as soon as possible and the implementation of relevant provisions of, because it is directly related to our financial security and stability.
began the current round of macro control in 2004, the beginning was the corrupt officials, unscrupulous businessmen and scholars composed of corruption and bribery , and this year, we really can not miss the chance again.
apology: As I am busy lately, forced to turned down a number of media interviews, once again express our deep apologies!
mm Zhang Lin Xiao on 2007/2/9
attached:
China, > the verge of bursting real estate bubble housing prices will return to the rational reporter Xie Lijia
abnormally high prices turn up as the city fell
have been relaxed, as predicted, but is more focused and lethal l r. 2007 Price Change across the country will vary, the actual purchasing power of the people that house prices in line with the city, housing prices will be with the local urban residents while the corresponding increase in incomes rise, but gains will not be much.
While those who do not abnormally high prices, but the actual purchasing power of the people beyond the city, in 2007 the price is up is down depends entirely on the local government, the central real estate macro policy implementation efforts. such as the implementation of policies in place , the price gains will certainly be slowed down significantly, or weak, or even bend down; such as the implementation of policies in place, and even to visible practicing hand prop the housing market, then it may still be up endless false.
those prices Excessive cities such as price earnings ratio more than 12:1 in the city, although no decline in 2006, but if the volume is so shrunken, then at some point in 2007, it is likely to turn up for the fall. < br> In fact, the price is extremely high in these cities, the big real estate bubble has been broken in a situation that had barrel. At this point, the price earnings ratio is too high, buyers of home-buyers are generally not affordable housing may be a (not including those rich people here that high-income earners, who already had housing); and investment buyers, this time is unlikely to achieve a minimum return on investment that the housing rental income.
This means that the city's housing is no longer an ideal investment target. the rest, that is, those speculators out. At this point, if the city's housing prices continue to rise, the maximum possible , is to enter the was staged last crazy.
Finally, those who fall 2005, the city has been opened, there is no rebound in 2006, the same will not rebound in 2007, it will further decline.
bubble about to burst < br> in these extremely high prices the city, signs of the real estate bubble about to burst already began to appear, therefore, house prices in 2007 will result in the whole fall.
in these signs, there are two most worthy vigilance. First, the Bank launched the In this surface,
. In an urban area power is cheap rent, they faced extremely high price of price decline has been completely wide open channel. > First, to further raise the deposit reserve rate hike .1 and 15, the central bank has raised the statutory deposit reserve ratio by 0.5 percentage points, it is possible to further improve in the second quarter reserve, tightening credit scale. On the other hand, the central bank may again increase interest rates curb lending behavior, squeezing the real estate bubble.
Second, the central bank will organize a comprehensive inventory of real estate loans, troubleshoot problems, reiterated that the system, there will be a number of speculative real estate developers and real estate speculators who are Housing prices forced throw cash.
Third, the real estate industry will be rectifying the market order. First of all pre-conditions to improve the real estate business, against those who shortage of funds, sleight of hand tricks for developers. Lee developed the view that this large number of groups. The current measures are not capped mortgage sale is not open, it is estimated will be more strictly managed in 2007.
rather sell in recent months, the developer of the project did not fall price increase, in Shanghai The developers do not cut prices there is a kind of alliance, however weakly, comprehensive inventory of real estate developers hoarding land. Over the past year or so, the original full construction of idle land will increase the number of real estate market is conducive to lower prices.
Fourth, to improve local government will reiterate livelihood for the cause of the housing policy, housing prices fueled lost from threading back, so that the majority of ordinary people to have a housing policy objective of the government.
Fifth, affordable housing and the actual supply of low-rent housing volume will increase significantly. the government may draw on the housing system in Singapore and Hong Kong, established in 2007 specialized in affordable housing construction sector to develop affordable housing in line with the national system. a large number of affordable housing supply will push down home prices. < br> six is to combat money laundering through the buying behavior. Lee developed the view that the current fight against corruption and money laundering may be involved in the purchase of 15% -20% of households, if by encouraging and give rewards to expose the way to make most of the money-laundering return to the state treasury funds of corruption.
Seven is the introduction of property tax. May this year before the property tax-related provisions will be formally announced before the end of this year levy. which holds real estate speculators and owners of large units of housing constitutes more great pressure.
eight housing units are fully open. Guangzhou City has set a precedent, which is two years before many NPC deputies and CPPCC members agreed the proposal. unit of land with its own building, the planning, consistent with land use, housing needs of this group who will bring good news.
nine are related to rules introduced by the Government financing cooperative housing. The Government may be in the financing cooperative housing policy.
Ten is the government will introduce policies to combat speculation in real estate-related behavior, inhibition of inflated prices. such a way as not to tax investment in real estate who work the city limits on the sale of profit-making value added tax, etc..
Admittedly, in the context of regulation of real estate, housing prices in some cities, but the more the higher tone. real estate industry, local government, commercial banks, real estate developers, real estate investment (speculation) who share common interests. real estate is a high incidence of corruption, the corrupt government of corrupt officials and banks, prone areas.
the past year, with the central series of anti-corruption action unfolds, the ; Accordingly, bribe businessmen of the the interests of break, the resistance of macro-control will be reduced, prices in 2007 will return to the rational can look forward to.
guaranteed. control, the start of the corruption was the ; ups and downs hot money is pulled off overseas shipments, the ability to quickly exit.
If you can do these two points, China's soft landing is still the real estate industry can expect.
2007: decline in housing prices is not a dream
reporter Zhou XS
Mr. Kwan has been a very confused to see a reporter, he throws a series of problems. In Beijing, reporters encountered such as Kwan really a lot of people now, they care about is also a common topic of confusion is that the Housing price problems.
2004, the former chief economist of Morgan Stanley predicted that the property market will collapse Mr. Xie Guozhong. Following Andy Xie, the 2005 Shanghai Yi Xianrong boasted house prices will fall 50%, Beijing will drop at least 30 %. Not long ago, another expert said that Beijing house prices will fall 25%. in a variety of voices behind the predicted decline in housing prices, housing prices continued to rise in recent years, many people such as Mr Kwan have been produced on the sound doubt.
So in the end of 2007 house prices will fall? China Economic Times carefully selected, interviewed several experts, or let us listen to their claims.
real estate appreciation is a myth < br> King, director of the Central Party School of Economics Tokyo consecutive three articles recently, the housing market and criticizing remarks about some of the errors.
But long term, it certainly house prices fall no doubt. the explanation is: Although the state has adopted a policy that expressly limits the type area, increase the supply of low-end housing, but the difficulty is not a building-block building, land acquisition , a few years time, supply and demand pattern will not change.
expert analysis, average life expectancy of 72 years in China, then to 2015, the annual number of 26 million died of natural causes, 16 million new births every year net decrease of 10 million. factors. population decline, housing demand will drop. onwards, each year 2,600 people will leave the labor series of .10 years, the number of retirees will exceed 200 million. king Tokyo that the social burden of labor service will not light, and the elderly spend their remaining years, the savings will not be broken used to buy a house. On the contrary, many elderly people after retirement, but also replaced the original small home ward, Beijing has been signs of the moment, the Western countries are also common, if so, will reduce the demand for housing.
again, Urbanization to accelerate. King cautioned Tokyo, The Central Government has implicit and urbanization should rely on the county. Therefore, farmers driving into the city only the housing needs of small and medium towns, on the city, will be minimal. And, now developed countries, there Most of these people live the city money, if China is also the day, major cities, demand for housing will be greatly reduced. Wang Tokyo are described from the supply side. He said that according to previous statistics, there were 32,618 real estate companies, as long as these companies are not out of business, create the house each year, the number should be considerable. If the supply diminished, 10 After years of declining demand, prices will fall no doubt.
20 years ago, much lower; Hong Kong's housing prices, but also significantly less than 10 years ago. l r is not the iron law of real estate appreciation. HS Chaikin water view is that in 2007 the general trend of the housing market ups and downs, but the average house prices will fall.
to Beijing, for example, Chaikin water analysis: As the central step of the real estate industry The macro-control efforts, tightening the supply of land and capital, the next few years, the growth rate of real estate development and investment, increase the amount of people purchase loans, real estate sales will decline; and as the hands of developers have not yet completed the development of transfer a lot of land area (such as According to statistics, as of the first half of 2006, Beijing, 80 million square meters of land still held in the hands of developers), very large area of real estate under construction, open houses return to work area, the completion of the area, housing supply will greatly increased the momentum of rising house prices will be curbed.
Chaikin water in particular talked about the property tax, even though the channel from the public understanding of, the property tax levy is currently no specific timetable, but the water that its market Chaikin will have a huge impact. l r speculation enthusiasm of those people a little money quickly to buy a house r. irrational buyers will be greatly reduced, the real estate consumer will be suppressed, the market will also reduce the heat. regulation of the housing market the biggest bright spot is that the Government will improve the housing security system. It is noteworthy that, house prices rose faster in the first-tier cities Beijing, Guangzhou and other invariably increase the affordable housing construction, Beijing 2007, the supply of affordable housing plans amount will be doubled.
Beijing Normal University, Research Institute of Economic and Resources Management Zhang Qi told reporters in China Economic Times, forecasts of housing prices has taken the practice into two. Zhang Qi that the large size, low-density luxury residential (such as luxury apartments, residential villas, etc.) price will also be the future should be a substantial increase in the average house price decline will occur.
Zhang Qi said that average house prices will fall There are three determinants: First, the current price increase already high; the second is that not only Beijing and other cities, housing prices nationwide are rising a twisted; Third, the government had introduced a number of regulatory policy actually served to promote The role of housing prices, policies and the effects of policies requires a change in the process of adjustment, but the final demand will decline, prices have come down.
rise in housing prices is likely to remain low density. impact, and to some extent, even down home prices curb price rise is expected after 2008, prices will tend to return to the rational. At this point, Chaikin water views and Zhang Qi almost identical.
Chaikin water said that with the adjustment of housing supply structure, the implementation of land supply affordable housing, low-rent housing and limit housing supply will be significantly increased.
decreased to some extent. Seen in this light, not the dream of falling prices in 2007, house prices can only rise and not fall to the myth challenged.
prices are generally put down immediately
reporter Zhou XS
extent, depend on expectations about future prices. Wang, after Tokyo's article is published, readers echo everywhere, mixed. critics of the view that house prices fell too far away 10 years later, that the mean did not say, is nonsense.
reason, anxious to buy a house, who would have the patience to wait 10 years? is a good question, worthy of answer, so he she wrote an article, Wang told the China Economic Times Tokyo reporters, said that this is his profits are Geshandaniu asset price is equal to the discounted expected return of the assets, to reveal the reason why today's real estate investment continues unabated, the price rise, an important reason is that people are optimistic about the future price expectations.
example, the value of an apple tree How much? Fisher said, which is independent of the original cost of planting apple trees, but by how much the tree will bring benefits to give the buyer. assumes that 100 yuan per year income, the discount rate (bank rate) 5%, then the apple tree The price is 2000 yuan, if the income each year only 10 yuan, then the tree is only worth the price of 200 yuan.
now, people buy property there are only two motives: first, to their own homes, the second is to investment money. as self-occupied consumption, prices set by supply and demand of course, needless to repeat them. and real estate for investment, the price set by the property's future earnings. Tokyo, said the king, understanding this, should not be difficult to understand the future housing price of housing today.
or, how to spend it to buy high? ; But he also believes that consideration should be given to the housing supply and demand.
concern is that, for the industry as a more general point of view mm determined by supply and demand prices, Zhang Qi was questioned this. housing needs are reasonable? What exactly is reasonable and what is unreasonable, not to distinguish. The fact is, the real needs of ordinary people's living rooms mm, basic housing consumption needs are not met, and large family homes, high-grade Housing in general is excess. , .
bear the brunt of the real estate business. king of Tokyo said that, as developers, investors make money only natural to strive for maximum profit, of course, do not want prices to fall. often the case, they will use the media to attempt to mislead, said real estate will be greatly appreciated in order to mislead the people to chase. ? After all, is worried that consumers form price expectations. down, direct damage to the developers, but banks are tied up at the dry line. that large numbers, bank loans to developers of up to 3 trillion, if the developer does not make money, the banks received loans will be delayed indefinitely. more terrible is that if housing prices drop, developers bankrupt, banks will be involved, even if the pledged property to get back some, but prices fall, banks must Debu credit loss. Tokyo said the king, after all, real estate has become a mainstay of the local economy. the development of housing industry, not only to boost GDP growth and financial standing to the credit also fast. significant income, high prices, land transfer fees are high, taxes are more . From that perspective, housing prices, the local government is the biggest beneficiary. for their own interests, local governments do not want to falling house prices.
Tokyo, said the king, do not underestimate the energy of these parties, they will do everything possible stop falling prices. Although irreversible long-term trend of falling house prices, but have their boycott, the time will be delayed drop in home prices. The problem is still the focus of the central government's determination. , the bank is the key, pull the body of a launch. as long as the central bank ordered commercial banks to recover overdue loans to real estate developers to afford to go on fighting, the local government to help drive, but also less than a long whip. After all, economic laws can not be beat, and the market carry the death, after all, is not the answer. Who jumped to buy? expensive real estate lonely at the top
reporter Xiao-Xia Wang
million square meters more than the project opened, most developers are creating a momentum to attract everyone's attention at their own expense. Yes, but only a handful of ordinary residential number.
who r, whether enough of this huge market in the crazy r l divide it? sets.
jumped Who bought?
at a high level. journalists to two real estate case to illustrate the end of .2006, at the Beijing International Trade Center in the exhibitions of the winter show season, located 200 meters southeast of the official park official Bridge Park Project No. 8 buyers who make a lot of heart though, but its high 15,800 yuan / square meter allows the people balk at the price.
reporters in Beijing Real Estate Transaction Management online to see the project in early 2006 will sell for 10,500 yuan / square meter, but then, the project in one year prices three times within. According to the focus of the price of real estate records show the history of network, the official Garden 8 June 2006 rose to 12,000 yuan / square meter, in August rose to 15,000 yuan / square meter, in August rose to 15,800 after yuan / square meter, a year rose by 5,000 yuan / square meter.
At the same time, Beijing is located within the street toward the project Xiangfu He Feng, an opening in August 2001, when the price is about 9,000 / square meters, but until 2005, the project has not sold out. Later, the second phase of the project began to push the market, in the case were to be replaced on the promotion after one, two mixed sales. to report to 2006, the project's average price of a house has risen to 13,000 yuan / square meter, two average price of 15,000 yuan / square meter. Recently, this reporter received the news that the final phase of the housing project The sales price is 20,000 yuan / square meter, while the three price to be determined.
If the soaring prices of these two projects but may still be some people for their in , sales to less ideal. A survey found that outward Street, Chaoyang District, Beijing Central Park Phase III, has signed up online display of 60 sets, 13% turnover rate. flourished in West City Street, Huarong Street apartment, online display only 10 sets of contract volume, turnover rate of less than one percent. It is understood that such high prices in 2006, but in very low volume market share in Beijing, nearly into. < br> Many people are waiting and watching.
prop up the market not a Chun-Ping Li, chairman of marketing planning that, in the upscale residential a certain degree of weakness is a trend, higher, because the market value at the same rate, the unit profit of 10,000 yuan of the house will certainly be higher than the 5,000 yuan price of the house; in investment-grade residential customers generally more than 50% of the Shanghai, Beijing, at least 20% -30% of individual a higher proportion of projects.
currently in Beijing, Shanghai, housing prices have risen to a certain high level, getting smaller and smaller space for profitable investment, many investors and customers slowly out of the two markets. At the same time, 2006 September to restrict foreigners who purchase policies, but also to tourists in the high-end residential greatly reduced.
; Beijing Jingwei Real Estate Brokerage Co., Ltd. Deputy General Manager of Times Su told reporters in Beijing a lot of people outside the hot zone has been regarded as the main target customer group. to the previous volume of view, a number of projects outside the core area ratio of people to buy is very high. But the Faced with these problems, the prices can very long? high prices. the sale price of 35,000 yuan / square meters of Central Park Phase III, for example, the actual transaction price of 25,000 yuan / square meter. reporter under the Beijing Real Estate Transaction Management Network, and find that a considerable number of high-grade actual transaction prices are lower than the opening of the project.
1 26, when the State Council Development Research Center I worry mm for 2007 Chinese real estate market, we should be most wary of are > To prevent this kind of to stop the continued inflow of hot money coming from overseas; second pulled off hot money overseas shipments, the ability to quickly exit.
am very pleased that, on February 2, the Beijing Municipal Construction Commission and other departments jointly issued the and foreign individuals to buy real estate in the notice. transaction.
can be expected, as long as Overseas shipments of hot money pulled off quickly exit capacity hot urban real estate can be worked out as soon as possible and the implementation of relevant provisions of, because it is directly related to our financial security and stability.
began the current round of macro control in 2004, the beginning was the corrupt officials, unscrupulous businessmen and scholars composed of corruption and bribery , and this year, we really can not miss the chance again.
apology: As I am busy lately, forced to turned down a number of media interviews, once again express our deep apologies!
mm Zhang Lin Xiao on 2007/2/9
attached:
China, > the verge of bursting real estate bubble housing prices will return to the rational reporter Xie Lijia
abnormally high prices turn up as the city fell
have been relaxed, as predicted, but is more focused and lethal l r. 2007 Price Change across the country will vary, the actual purchasing power of the people that house prices in line with the city, housing prices will be with the local urban residents while the corresponding increase in incomes rise, but gains will not be much.
While those who do not abnormally high prices, but the actual purchasing power of the people beyond the city, in 2007 the price is up is down depends entirely on the local government, the central real estate macro policy implementation efforts. such as the implementation of policies in place , the price gains will certainly be slowed down significantly, or weak, or even bend down; such as the implementation of policies in place, and even to visible practicing hand prop the housing market, then it may still be up endless false.
those prices Excessive cities such as price earnings ratio more than 12:1 in the city, although no decline in 2006, but if the volume is so shrunken, then at some point in 2007, it is likely to turn up for the fall. < br> In fact, the price is extremely high in these cities, the big real estate bubble has been broken in a situation that had barrel. At this point, the price earnings ratio is too high, buyers of home-buyers are generally not affordable housing may be a (not including those rich people here that high-income earners, who already had housing); and investment buyers, this time is unlikely to achieve a minimum return on investment that the housing rental income.
This means that the city's housing is no longer an ideal investment target. the rest, that is, those speculators out. At this point, if the city's housing prices continue to rise, the maximum possible , is to enter the was staged last crazy.
Finally, those who fall 2005, the city has been opened, there is no rebound in 2006, the same will not rebound in 2007, it will further decline.
bubble about to burst < br> in these extremely high prices the city, signs of the real estate bubble about to burst already began to appear, therefore, house prices in 2007 will result in the whole fall.
in these signs, there are two most worthy vigilance. First, the Bank launched the In this surface,
. In an urban area power is cheap rent, they faced extremely high price of price decline has been completely wide open channel. > First, to further raise the deposit reserve rate hike .1 and 15, the central bank has raised the statutory deposit reserve ratio by 0.5 percentage points, it is possible to further improve in the second quarter reserve, tightening credit scale. On the other hand, the central bank may again increase interest rates curb lending behavior, squeezing the real estate bubble.
Second, the central bank will organize a comprehensive inventory of real estate loans, troubleshoot problems, reiterated that the system, there will be a number of speculative real estate developers and real estate speculators who are Housing prices forced throw cash.
Third, the real estate industry will be rectifying the market order. First of all pre-conditions to improve the real estate business, against those who shortage of funds, sleight of hand tricks for developers. Lee developed the view that this large number of groups. The current measures are not capped mortgage sale is not open, it is estimated will be more strictly managed in 2007.
rather sell in recent months, the developer of the project did not fall price increase, in Shanghai The developers do not cut prices there is a kind of alliance, however weakly, comprehensive inventory of real estate developers hoarding land. Over the past year or so, the original full construction of idle land will increase the number of real estate market is conducive to lower prices.
Fourth, to improve local government will reiterate livelihood for the cause of the housing policy, housing prices fueled lost from threading back, so that the majority of ordinary people to have a housing policy objective of the government.
Fifth, affordable housing and the actual supply of low-rent housing volume will increase significantly. the government may draw on the housing system in Singapore and Hong Kong, established in 2007 specialized in affordable housing construction sector to develop affordable housing in line with the national system. a large number of affordable housing supply will push down home prices. < br> six is to combat money laundering through the buying behavior. Lee developed the view that the current fight against corruption and money laundering may be involved in the purchase of 15% -20% of households, if by encouraging and give rewards to expose the way to make most of the money-laundering return to the state treasury funds of corruption.
Seven is the introduction of property tax. May this year before the property tax-related provisions will be formally announced before the end of this year levy. which holds real estate speculators and owners of large units of housing constitutes more great pressure.
eight housing units are fully open. Guangzhou City has set a precedent, which is two years before many NPC deputies and CPPCC members agreed the proposal. unit of land with its own building, the planning, consistent with land use, housing needs of this group who will bring good news.
nine are related to rules introduced by the Government financing cooperative housing. The Government may be in the financing cooperative housing policy.
Ten is the government will introduce policies to combat speculation in real estate-related behavior, inhibition of inflated prices. such a way as not to tax investment in real estate who work the city limits on the sale of profit-making value added tax, etc..
Admittedly, in the context of regulation of real estate, housing prices in some cities, but the more the higher tone. real estate industry, local government, commercial banks, real estate developers, real estate investment (speculation) who share common interests. real estate is a high incidence of corruption, the corrupt government of corrupt officials and banks, prone areas.
the past year, with the central series of anti-corruption action unfolds, the ; Accordingly, bribe businessmen of the the interests of break, the resistance of macro-control will be reduced, prices in 2007 will return to the rational can look forward to.
guaranteed. control, the start of the corruption was the ; ups and downs hot money is pulled off overseas shipments, the ability to quickly exit.
If you can do these two points, China's soft landing is still the real estate industry can expect.
2007: decline in housing prices is not a dream
reporter Zhou XS
Mr. Kwan has been a very confused to see a reporter, he throws a series of problems. In Beijing, reporters encountered such as Kwan really a lot of people now, they care about is also a common topic of confusion is that the Housing price problems.
2004, the former chief economist of Morgan Stanley predicted that the property market will collapse Mr. Xie Guozhong. Following Andy Xie, the 2005 Shanghai Yi Xianrong boasted house prices will fall 50%, Beijing will drop at least 30 %. Not long ago, another expert said that Beijing house prices will fall 25%. in a variety of voices behind the predicted decline in housing prices, housing prices continued to rise in recent years, many people such as Mr Kwan have been produced on the sound doubt.
So in the end of 2007 house prices will fall? China Economic Times carefully selected, interviewed several experts, or let us listen to their claims.
real estate appreciation is a myth < br> King, director of the Central Party School of Economics Tokyo consecutive three articles recently, the housing market and criticizing remarks about some of the errors.
But long term, it certainly house prices fall no doubt. the explanation is: Although the state has adopted a policy that expressly limits the type area, increase the supply of low-end housing, but the difficulty is not a building-block building, land acquisition , a few years time, supply and demand pattern will not change.
expert analysis, average life expectancy of 72 years in China, then to 2015, the annual number of 26 million died of natural causes, 16 million new births every year net decrease of 10 million. factors. population decline, housing demand will drop. onwards, each year 2,600 people will leave the labor series of .10 years, the number of retirees will exceed 200 million. king Tokyo that the social burden of labor service will not light, and the elderly spend their remaining years, the savings will not be broken used to buy a house. On the contrary, many elderly people after retirement, but also replaced the original small home ward, Beijing has been signs of the moment, the Western countries are also common, if so, will reduce the demand for housing.
again, Urbanization to accelerate. King cautioned Tokyo, The Central Government has implicit and urbanization should rely on the county. Therefore, farmers driving into the city only the housing needs of small and medium towns, on the city, will be minimal. And, now developed countries, there Most of these people live the city money, if China is also the day, major cities, demand for housing will be greatly reduced. Wang Tokyo are described from the supply side. He said that according to previous statistics, there were 32,618 real estate companies, as long as these companies are not out of business, create the house each year, the number should be considerable. If the supply diminished, 10 After years of declining demand, prices will fall no doubt.
20 years ago, much lower; Hong Kong's housing prices, but also significantly less than 10 years ago. l r is not the iron law of real estate appreciation. HS Chaikin water view is that in 2007 the general trend of the housing market ups and downs, but the average house prices will fall.
to Beijing, for example, Chaikin water analysis: As the central step of the real estate industry The macro-control efforts, tightening the supply of land and capital, the next few years, the growth rate of real estate development and investment, increase the amount of people purchase loans, real estate sales will decline; and as the hands of developers have not yet completed the development of transfer a lot of land area (such as According to statistics, as of the first half of 2006, Beijing, 80 million square meters of land still held in the hands of developers), very large area of real estate under construction, open houses return to work area, the completion of the area, housing supply will greatly increased the momentum of rising house prices will be curbed.
Chaikin water in particular talked about the property tax, even though the channel from the public understanding of, the property tax levy is currently no specific timetable, but the water that its market Chaikin will have a huge impact. l r speculation enthusiasm of those people a little money quickly to buy a house r. irrational buyers will be greatly reduced, the real estate consumer will be suppressed, the market will also reduce the heat. regulation of the housing market the biggest bright spot is that the Government will improve the housing security system. It is noteworthy that, house prices rose faster in the first-tier cities Beijing, Guangzhou and other invariably increase the affordable housing construction, Beijing 2007, the supply of affordable housing plans amount will be doubled.
Beijing Normal University, Research Institute of Economic and Resources Management Zhang Qi told reporters in China Economic Times, forecasts of housing prices has taken the practice into two. Zhang Qi that the large size, low-density luxury residential (such as luxury apartments, residential villas, etc.) price will also be the future should be a substantial increase in the average house price decline will occur.
Zhang Qi said that average house prices will fall There are three determinants: First, the current price increase already high; the second is that not only Beijing and other cities, housing prices nationwide are rising a twisted; Third, the government had introduced a number of regulatory policy actually served to promote The role of housing prices, policies and the effects of policies requires a change in the process of adjustment, but the final demand will decline, prices have come down.
rise in housing prices is likely to remain low density. impact, and to some extent, even down home prices curb price rise is expected after 2008, prices will tend to return to the rational. At this point, Chaikin water views and Zhang Qi almost identical.
Chaikin water said that with the adjustment of housing supply structure, the implementation of land supply affordable housing, low-rent housing and limit housing supply will be significantly increased.
decreased to some extent. Seen in this light, not the dream of falling prices in 2007, house prices can only rise and not fall to the myth challenged.
prices are generally put down immediately
reporter Zhou XS
extent, depend on expectations about future prices. Wang, after Tokyo's article is published, readers echo everywhere, mixed. critics of the view that house prices fell too far away 10 years later, that the mean did not say, is nonsense.
reason, anxious to buy a house, who would have the patience to wait 10 years? is a good question, worthy of answer, so he she wrote an article, Wang told the China Economic Times Tokyo reporters, said that this is his profits are Geshandaniu asset price is equal to the discounted expected return of the assets, to reveal the reason why today's real estate investment continues unabated, the price rise, an important reason is that people are optimistic about the future price expectations.
example, the value of an apple tree How much? Fisher said, which is independent of the original cost of planting apple trees, but by how much the tree will bring benefits to give the buyer. assumes that 100 yuan per year income, the discount rate (bank rate) 5%, then the apple tree The price is 2000 yuan, if the income each year only 10 yuan, then the tree is only worth the price of 200 yuan.
now, people buy property there are only two motives: first, to their own homes, the second is to investment money. as self-occupied consumption, prices set by supply and demand of course, needless to repeat them. and real estate for investment, the price set by the property's future earnings. Tokyo, said the king, understanding this, should not be difficult to understand the future housing price of housing today.
or, how to spend it to buy high? ; But he also believes that consideration should be given to the housing supply and demand.
concern is that, for the industry as a more general point of view mm determined by supply and demand prices, Zhang Qi was questioned this. housing needs are reasonable? What exactly is reasonable and what is unreasonable, not to distinguish. The fact is, the real needs of ordinary people's living rooms mm, basic housing consumption needs are not met, and large family homes, high-grade Housing in general is excess. , .
bear the brunt of the real estate business. king of Tokyo said that, as developers, investors make money only natural to strive for maximum profit, of course, do not want prices to fall. often the case, they will use the media to attempt to mislead, said real estate will be greatly appreciated in order to mislead the people to chase. ? After all, is worried that consumers form price expectations. down, direct damage to the developers, but banks are tied up at the dry line. that large numbers, bank loans to developers of up to 3 trillion, if the developer does not make money, the banks received loans will be delayed indefinitely. more terrible is that if housing prices drop, developers bankrupt, banks will be involved, even if the pledged property to get back some, but prices fall, banks must Debu credit loss. Tokyo said the king, after all, real estate has become a mainstay of the local economy. the development of housing industry, not only to boost GDP growth and financial standing to the credit also fast. significant income, high prices, land transfer fees are high, taxes are more . From that perspective, housing prices, the local government is the biggest beneficiary. for their own interests, local governments do not want to falling house prices.
Tokyo, said the king, do not underestimate the energy of these parties, they will do everything possible stop falling prices. Although irreversible long-term trend of falling house prices, but have their boycott, the time will be delayed drop in home prices. The problem is still the focus of the central government's determination. , the bank is the key, pull the body of a launch. as long as the central bank ordered commercial banks to recover overdue loans to real estate developers to afford to go on fighting, the local government to help drive, but also less than a long whip. After all, economic laws can not be beat, and the market carry the death, after all, is not the answer. Who jumped to buy? expensive real estate lonely at the top
reporter Xiao-Xia Wang
million square meters more than the project opened, most developers are creating a momentum to attract everyone's attention at their own expense. Yes, but only a handful of ordinary residential number.
who r, whether enough of this huge market in the crazy r l divide it? sets.
jumped Who bought?
at a high level. journalists to two real estate case to illustrate the end of .2006, at the Beijing International Trade Center in the exhibitions of the winter show season, located 200 meters southeast of the official park official Bridge Park Project No. 8 buyers who make a lot of heart though, but its high 15,800 yuan / square meter allows the people balk at the price.
reporters in Beijing Real Estate Transaction Management online to see the project in early 2006 will sell for 10,500 yuan / square meter, but then, the project in one year prices three times within. According to the focus of the price of real estate records show the history of network, the official Garden 8 June 2006 rose to 12,000 yuan / square meter, in August rose to 15,000 yuan / square meter, in August rose to 15,800 after yuan / square meter, a year rose by 5,000 yuan / square meter.
At the same time, Beijing is located within the street toward the project Xiangfu He Feng, an opening in August 2001, when the price is about 9,000 / square meters, but until 2005, the project has not sold out. Later, the second phase of the project began to push the market, in the case were to be replaced on the promotion after one, two mixed sales. to report to 2006, the project's average price of a house has risen to 13,000 yuan / square meter, two average price of 15,000 yuan / square meter. Recently, this reporter received the news that the final phase of the housing project The sales price is 20,000 yuan / square meter, while the three price to be determined.
If the soaring prices of these two projects but may still be some people for their in , sales to less ideal. A survey found that outward Street, Chaoyang District, Beijing Central Park Phase III, has signed up online display of 60 sets, 13% turnover rate. flourished in West City Street, Huarong Street apartment, online display only 10 sets of contract volume, turnover rate of less than one percent. It is understood that such high prices in 2006, but in very low volume market share in Beijing, nearly into. < br> Many people are waiting and watching.
prop up the market not a Chun-Ping Li, chairman of marketing planning that, in the upscale residential a certain degree of weakness is a trend, higher, because the market value at the same rate, the unit profit of 10,000 yuan of the house will certainly be higher than the 5,000 yuan price of the house; in investment-grade residential customers generally more than 50% of the Shanghai, Beijing, at least 20% -30% of individual a higher proportion of projects.
currently in Beijing, Shanghai, housing prices have risen to a certain high level, getting smaller and smaller space for profitable investment, many investors and customers slowly out of the two markets. At the same time, 2006 September to restrict foreigners who purchase policies, but also to tourists in the high-end residential greatly reduced.
; Beijing Jingwei Real Estate Brokerage Co., Ltd. Deputy General Manager of Times Su told reporters in Beijing a lot of people outside the hot zone has been regarded as the main target customer group. to the previous volume of view, a number of projects outside the core area ratio of people to buy is very high. But the Faced with these problems, the prices can very long? high prices. the sale price of 35,000 yuan / square meters of Central Park Phase III, for example, the actual transaction price of 25,000 yuan / square meter. reporter under the Beijing Real Estate Transaction Management Network, and find that a considerable number of high-grade actual transaction prices are lower than the opening of the project.
Wednesday, December 22, 2010
Ma have been wronged letter
A paper list of housing subsidies to be paid, in turn Tencent CEO Ma Chairman of the Board into the air waves. The report, beginning October 12 in Shenzhen Human Resources and Social Security Bureau official website for publicity. In the list, Shenzhen issued a total of 684 intends to housing subsidies, which sits on 29.3 billion fortune of runner-up of Ma Hurun Rich List name impressively in the head, the paper also appeared Kingdee chairman Xu Shaochun, and other names of a group of social elites.
Tencent Ma founded a young age to become a world-class Internet companies, known as Shenzhen great concern and controversy? This of course with the personal wealth of Mr. Ma and others related to the situation. they paid as a billionaire and housing subsidies by the government, and then linked to the recent housing boom, house slaves, the fitness room overnight Arranging and a series of social phenomena, it is easy to make people think of the , later called this phenomenon the phenomenon, the so-called the sake of government-issued housing subsidies only a few thousand dollars, he became the target ought to recruit and retain qualified personnel, the practice has a special talent or a reward system for granting housing subsidies Ma of being, it is a detail the implementation of this system, the system may not be aware when the payment of subsidies net worth of Mr. Ma's wealth, and housing subsidies may not Ma himself was out of greed do everything possible to come, rather than question the Ma Talent Identification History rewarded before Zhuhai talents to open a precedent for the country to Audi cars, housing, and 20 million in prize money rewards to middle Xu Qing, and this message to attract many professionals, such as spring-like SAR ......, south, however, easy to time shift the world, non-Chinese as early as in 2010 than in 1992, 30 years of reform and opening up, China is growing with the world, personnel fully recognized the value of the market, talent is suppressed, repressed less and less, millions of people to achieve the dream with a personal to obtain the social status and wealth, today, if it continues to adhere to the original key to the system of material incentives to attract talent is suspected it is a great disregard the changing circumstances.
not speak of rewards like housing subsidies if such personnel can move Ma heart, one on the immediate emphasis on the personnel system of material rewards for quite debatable, in the reform and opening up, the Government can receive ample rewards in the form of bone effect daughter bought, but in the market today, there is no need to continue to take taxpayers money City should take measures to attract talent, there is no doubt, but the city should be how to attract talent, it is a worthy topic of long discussions. In my opinion, talent is also a human, as opposed to a few thousand dollars of the ; or more heavier incentives, to lure more should be in a city to live, work a good personal experience: the sky blue is not blue, not blocking traffic blocking, security good, caring not caring government services, which are to crucial. For example, in this incident, Shenzhen authorities had wanted to care for Ma in the form of housing subsidies, but in the end a piece of paper media publicity turned him into a focus of controversy, at least from the perspective of government service, Mr. Ma is probably the most not endorse such intimate care of.
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Tencent Ma founded a young age to become a world-class Internet companies, known as Shenzhen great concern and controversy? This of course with the personal wealth of Mr. Ma and others related to the situation. they paid as a billionaire and housing subsidies by the government, and then linked to the recent housing boom, house slaves, the fitness room overnight Arranging and a series of social phenomena, it is easy to make people think of the , later called this phenomenon the phenomenon, the so-called the sake of government-issued housing subsidies only a few thousand dollars, he became the target ought to recruit and retain qualified personnel, the practice has a special talent or a reward system for granting housing subsidies Ma of being, it is a detail the implementation of this system, the system may not be aware when the payment of subsidies net worth of Mr. Ma's wealth, and housing subsidies may not Ma himself was out of greed do everything possible to come, rather than question the Ma Talent Identification History rewarded before Zhuhai talents to open a precedent for the country to Audi cars, housing, and 20 million in prize money rewards to middle Xu Qing, and this message to attract many professionals, such as spring-like SAR ......, south, however, easy to time shift the world, non-Chinese as early as in 2010 than in 1992, 30 years of reform and opening up, China is growing with the world, personnel fully recognized the value of the market, talent is suppressed, repressed less and less, millions of people to achieve the dream with a personal to obtain the social status and wealth, today, if it continues to adhere to the original key to the system of material incentives to attract talent is suspected it is a great disregard the changing circumstances.
not speak of rewards like housing subsidies if such personnel can move Ma heart, one on the immediate emphasis on the personnel system of material rewards for quite debatable, in the reform and opening up, the Government can receive ample rewards in the form of bone effect daughter bought, but in the market today, there is no need to continue to take taxpayers money City should take measures to attract talent, there is no doubt, but the city should be how to attract talent, it is a worthy topic of long discussions. In my opinion, talent is also a human, as opposed to a few thousand dollars of the ; or more heavier incentives, to lure more should be in a city to live, work a good personal experience: the sky blue is not blue, not blocking traffic blocking, security good, caring not caring government services, which are to crucial. For example, in this incident, Shenzhen authorities had wanted to care for Ma in the form of housing subsidies, but in the end a piece of paper media publicity turned him into a focus of controversy, at least from the perspective of government service, Mr. Ma is probably the most not endorse such intimate care of.
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Tuesday, December 21, 2010
Confucian culture on the financial Reflection - Jieduan King
[Links] Zhiwu: A Reflection on the Confucian culture, finance, <> <> September 29, 2007 Sina Finance <> <> years, the Confucian culture once again become a hot topic, these discussions do not just limited to the cultural circle, but directly related to primary, secondary and college students spend much time reading each week, how much time to learn modern knowledge. In addition, the requirements established Confucianism as the state religion of the voice is not small, so believe it or not Confucianism personal choice is not the problem, or a whole society and the fundamental problem of the whole country. In fact, some of the Neo-Confucian scholars claim to be million to establish the Confucius school in a foreign country, with specific actions to promote Confucian culture in the world. China is so big, bigger world, to do some of these things, but also not a bad idea. However, its effectiveness will be how to measure how serious this is .<><> may be another matter, of course, such as In 1901, that is lost in the Opium War, the United Kingdom, the Sino lost to Japan, China to defeat the Boxer Rebellion Boxer Rebellion, the Qing court was forced to escape in Xian, China, in times of crisis they were in subjugation, Mr. Gu Hongming claimed that further cultural movement culminated, in which Liang's remarks particularly, a new culture systems. ... out of this new system expansion, called all mankind to get his benefits. ... Our young people, ah, stand at attention, marching! sea side tens of thousands of people over there that, unhappy with the material Bankruptcy of sorrow stricken cries for help, he was waiting for you to Transcendence miles! predecessors admirable detachment and impartiality, of course, but it may be difficult to find these brave behind the theoretical basis of .1901 and 1919 before and after, are China's own national calamity overhead, little prospect of the country during that time also advocated taking China to come to the realm of cultural system that subjugated the country to save his life, it is indeed requires extraordinary courage. Another explanation is that there is a fundamental knowledge of Chinese traditional The the opposite situation with that period, China's economy today is rising, then we are only willing to credit their success, due to Chinese culture, nothing to do with the overall development of the world. That is, if his situation is not good, that is imposed on others I; If we succeed, it is in their own credit. So, anyway, our civilization seems to always be the finest. Thus, the rise in China's economic momentum in the period of today, once again heard the arrangements? Western civilization really just material, and Oriental civilization is more noble spiritual civilization it? a big step, but now it was discovered in the year struck down, culture of individual freedom is obviously difficult to root ?<><> no hard and fast, for example, with the Han Chinese culture today, the Han Chinese culture, Chinese culture of the Tang Dynasty, Song Zhaoming toward Chinese culture, and even the Chinese Republic culture is different, the dynamic changes of other cultures are much the same. If the culture is changing, then what is to promote change? why some cultural content of the passage of time that is enduring while others disappear? Here, we tried to finance, economics perspective to answer these questions, as far as possible away from the cultural perspective to understand the culture. we will find some kind of cultural content must be due to the needs of students, the same will not die for some, any culture content will be its function, because of social needs or life or death. In other words, once a cultural function will also be welcomed by other things to replace, then that item will end the life of cultural content. If so, we can immediately that with the economic and financial technology, society will inevitably need to change the cultural connotation. So, the simple sense of retro culture is not only wishful thinking, and no meaning, so-called that is why this is so .<><> culture, not like a lot of course content ?<><> culture is very broad, our concern is not as ; in the After the person overseas exchanges would not have any basis with others. The content is today's China as well as any community should reflect on this article .<><> taught the Confucian focus on ; three cardinal guides > <> whether ancient or modern, no man is born to two basic needs in the face, one is clothing, housing consumption of these materials, the so-called material life, ;, is the physiological needs; the other is psychological or spiritual needs that, the so-called spiritual life. from the survival of the need to see, the importance of material life should be first, followed by the spiritual life. These two kinds of basic needs of both the culture causes, but also cultural purposes .<><> all animals have their culture, and education level of an animal any connection with the viability of the animal related to the ability of individuals. In all the animals, people's self after birth capacity may be the worst, the weakest of the series, before the age of the baby by a nurse, even after one year old can eat normal food, can walk in 12,13, or before the age of a person living alone is difficult. In contrast, ability of strong self horse, pony born a day or two can stand to walk, it can quickly eat their own. but nevertheless, after birth, the colt will follow the mother, two months, the mare will be give motherly love, protection pony, inseparable, so, even horse reflects a certain , bitch for the protection of children demonstrated their ferocious, really selfless person close to her home territory as long as the scope will definitely come out to bite you bitch! So, the dog's home This will not yellow, white, black difference and different. In other words, the existence of any nation today, it must have the fundamental importance of the family culture, or that the nation can not continue to this day. The class culture for the family, in particular, regard the raising of children, care for an important position on the moral and ethical, which is the basic bottom line of ethnic survival. So, do not attach importance to the world, there is no child support responsibilities, lack of family values culture, this point of Confucian culture with other cultures, no difference .<><> addition to meeting the spirit of today's material consumption and demand, a person faces the challenge is more important concerns about the future of life, including material required for future income uncertainty, the uncertainty of health, but also the future spiritual life and psychological state of uncertainty. uncertainty risk events can be natural disasters, for example, in accordance with Mr. Deng Yunte 1937 ; 17th century, a total of 507 sub-types of the disaster, a total of 411 times the 18th century, 19th century, 407 times, the first 35 years of the 20th century, there are 101 major disaster. These are not recorded in the annals of including small disaster, nor does it include frequent of war and peasant uprisings, large and small, hurried retreat during the individual course material life and spiritual life will be affected, these are systems that people want to avoid the risk of .<><> at the individual level, illness, traffic accidents or work accidents, house fires and other accidents can also cause property income, the loss on mental health, and Qu Xi, married women, houses, pension and other major expenditure items which are personal life to deal with the bad forecast event risk or large expenses. In addition, in the business, producing large and small investment will be the face of uncertainty, it may lose everything, possibly due to poor harvests .<><> these natural, bring their own society and individuals is difficult to avoid the risk of events is full of worries people, which forced people to look for to avoid future risks of material risks and the means of spiritual life, or a family, the probability of survival of a nation will be far less than 100%, the society can not be peace. generally speaking, human beings have two ways to avoid future risk of material and spiritual, one is through the development, standard of living, which of course can enhance the ability of individuals through the risk event. When the supply of materials to a balance of rich, even though the occurrence of natural disasters or production failures moment, that does not give a deadly crisis .<><> ; the other is through economic exchange between individuals, the spirit of the exchange to achieve mutual insurance, mutual aid, resource sharing effect, thereby enhance the ability of society to the hedge, but also better people through the economic tension, mental depression period. any society, the individual income between all the different risk characteristics and capacity, this difference so that they achieve through the exchange of mutual insurance, mutual effects of the allocation of resources. in the spiritual life is also true that different people will appear at different times emotions, the feelings of interpersonal exchange between the foundation provided. The question is, how to exchange? in economic benefits, financial products is to let different people (buyers and sellers) to achieve different states at different times and the material between exchange (of course, in the future, but a spirit of exchange). For example, the loan contract is to allow lenders to lend his money today, the other party to use, but when the borrower due to debt service, and the effect is a credit to today's income transfers to the future to spend, the borrower's future income transfers put to spend today. Other, such as life annuities, health insurance, life insurance, pension funds, stocks, bonds and other financial products, although the contract payment arrangements are different, the basic reason so. The problem is that these species until recent times of financial development, We'll return to this question, then, in the ancient and traditional societies, similar feelings of financial and insurance transactions and transactions rely on the spirit to do so? <> ; <> in primitive society, the production capacity is low, by hunting, picking wild fruit to make a living, the harvest of the risk is too high, go hunting for several days may be nothing, no food supply, of course, attend to the spirit of consumer needs ( so there is no civilization at all), the daily challenge of survival must be the primary problem. If the production and life of that time period an individual or family as a unit, then people will be very low viability, the human may soon become extinct. Therefore, the primitive tribe Then the person becomes avoid production risks, avoid risks of natural disasters, provide the original spirit of the consumption of the main organizations. While this tribal-public personal space flooded, and no family room, but at the time the production capacity constraints, the original Tribal Mutual Economic Assistance may be the best body and the social community, no formal contract financial transactions, but the tribe itself is the implicit trade-offs .<><> to the agricultural community, raising of meat animals in the room (poultry), food repeated cultivation in a fixed place, both the production of technological innovations greatly increased the productivity of mankind, so that greatly increased the supply of material necessary for survival and reduce the frequency of hunger. In this case, changes in human culture, people do not Tribal ownership is necessary to continue the economic self-help groups such as the kind of public ownership in order to support future risk assessments in order to achieve the effect, each person need to sacrifice too much personal space and personal freedom. as long as the productivity breakthrough for the individual capacity of independent living substantial increase, one must seek new, expanded space for individual freedom and social organization of economic organization, a new culture will come into being. This is the Armagh Taya. Sen said, the individual more freedom, If we are worried that the other will be deadbeat, does not fulfill its exchange obligations, mutual insurance mutual trade can not happen, people can not for the future viability of the material and spiritual confidence .<><> in agricultural society, business, especially finance, insurance, loans, securities also have developed, there is no market mutual insurance provided by mutual transactions. So, out of the public after the tribe, but also must find a new deal to ensure that material risks, the spirit of risk transactions proceed smoothly arrangements. At this time, the family, the clan became the basic physical and social community for Mutual Economic Assistance, family and kinship as Fidelity Mutual transaction to ensure the smooth progress of the natural base. home-based unit of course not the existence of full liberation of the individual does not mean that individuals complete freedom, but two main functions, one for Mutual Economic Assistance, a social function that is the spirit of mutual assistance. The economic function refers to the Implicit within the family there are all kinds of financial contractual relationship, the parents invest in offspring, so that future generations have hidden one owes to another home with the family, and so have lots to talk about some of the implicit debt can not tell the insurance liability. In order to support the to achieve these complex hidden financial contracts, which is derived from the Confucian culture and other traditional agricultural society to achieve the purpose of culture is 2,500 years of Confucian culture, background .<><> this Confucian culture and Xi <> <> In other words, there is no market for various types of insurance, loans, stocks, mutual funds, pension funds and other financial varieties impersonal under the premise of a family having children, preferably a son, to become the spirit of avoiding risk and risk of future substance specific means, the so-called species. parents Xu Aizi, maybe not love, this is not the most important key is the children grow up to be old age the interests of these transactions to reduce the uncertainty of stealth, designed to increase transaction security. As Mr. Xie Youwei in the . filial piety in Chinese culture, the role of large, high status, to the neglect of Chinese culture, filial piety, that is not really known in Chinese culture ; five cardinal unconditionally, and regardless of rational or irrational. according to Liang Shuming saying, As the name suggests. ... means that the ethical relationship between an obligation, a person does not appear to exist for their own sake, but there are other people who like each other. class organization, then the location of his birth to his class to the same responsibilities and obligations of life; whether adult before or after the 18-year-old adults, even children, and brother have six or seven years old, and everyone in the level of order the status of the same, always the elderly who speak only the obedient child points, only a few such as first or low, never self. this return on investment of other elderly people. From birth children, through the the wishes of those who feel guilty not to be ashamed .<><> individual rights, but in particular sub-defined hierarchical structure and responsibility do so in 2500 years of Chinese society remained basically unchanged (except for regime change), but This culture has emasculated the Chinese people's personality, castration of our creativity, the Chinese in 2500 failed to solve the food and clothing. emasculation of the personality structure of ultra-stable long-term consideration is the edge of starvation. Take all these years students to study in the United States, for example, those of us students and after graduation to work in the United States, although generally higher professional level, but with Americans, Indians, Latin Americans, Europeans, Chinese Confucian culture that often lack personality, used to listen to, but do not fight for their rights and interests. Western civilization is the material, while the Chinese civilization is a higher realm of spiritual civilization, and its seems to be based on modern Western industrial technology development, a rich material life, but only in recent years China has to solve the food and clothing .-- The logic is questionable, because very simple, well-developed western material production does not necessarily mean more than oriental spirit of civilization behind them, behind the East of material production does not necessarily mean that the spirit of our civilization advanced. will not be material and spiritual oriental civilization behind it ?<><> we can look at this issue from three aspects. First, the premise of a rich spiritual life is rich spiritual food supply, academic and literary art is the main source. two thousand years of Chinese academic around Confucianism, France, Mexico, Taoism playing circle, Buddhism entered China in the Han Dynasty and gradually, after Tang and Song dynasties have been promoting literature, poetry and other fields of development, there have been the development of Neo-Confucianism, but in general the two did not leave thousands of years ago and re-interpretation of the classic interpretation of the scope, and these basic philosophy and literature scholar limited to a small society, the vast majority of the illiterate of the spiritual life of society is limited. China is not as systematic as the organization of Western religion, Confucianism to regulate people's everyday behavior is not strictly religious. In this lack of formal rational and irrational view of life in the society, the public spirit of the world was left to Mao Zedong called no where that spiritual high. but rather the Han Buddhism into China, the Ming Dynasty into the Catholic and other Christian expands our spiritual world. step back and say, ability to innovate, but also to inspire people not in the spirit of civilization on a More importantly, we focus on the spiritual pursuit of life, rather than excessive pursuit of material life. the pursuit of the spiritual life of the Chinese people may not be religious, but the family warmth and affection. But it is a friendship between very personal thing, everyone has different preferences and different personality, even with parents, brothers and sisters, the same personality and preferences is difficult, they are brothers and sisters not to know each other and the similarities with soul, not necessarily for higher than the original emotions of the soul-state, as arranged marriage, the responsibility of husband and wife know each other, a couple, but they may not be between the repressed society, emotional and psychological feelings of the world can fly to the plain outside the .<><> Third, the core of Chinese culture focus is to maintain function, which is bound to inhibit the connotation of Chinese culture and spiritual civilization. From a certain sense, even food and clothing did not completely solve the agricultural society, the between the economic interests of the international exchange, so the Confucian culture, This is understandable. No, the problem is here, once the economic interests of the exchange is in which relatives of Hello are you confused about good, or out of interest. in real life, I see more hometown in Hunan, because the interests of the fight of the Confucian family, rather than the prominent family, highlighting the emotional sentimental relationship between the Confucian world. the kind of idealized Confucian world has not realized in China, from the internal logic may also be difficult to achieve. After all, in the Confucian culture inhibited the development of case material, food and clothing in 2000 not been resolved, so the spiritual and emotional world is really difficult to have knowledge of traditional Chinese civilization .<><> study of Chinese society on many remain in the classics, like a good read can understand the real China Classic Obviously, the social course of Confucian ethics sentimental, poetic, and true traditional Chinese society, while not society. Last year, Du Junlin students to assist the author in Beijing, Dandong, Xushui and three Henan Village - September Citylink, Niuzhuang, Songzhuang for a survey, random sample of around 300 people, where income levels and economic of course, is the highest degree of development of Beijing, Dandong City, the second, third Xushui County, nine Citylink, Niuzhuang, Songzhuang minimum. In modern society, gift giving is often symbolic, exchange of interests .<><> sampling of the results of the six places, the Beijing exchanges between the borrowing and gifts at least, Dandong and Xu water, followed by rural people to borrow and gift exchanges between the most Therefore the latter is still a traditional society, and especially in rural areas, mainly in loans and gifts between relatives, relatives other than small, so in rural areas, between the interests of relatives are good, family, family is still the mutual assistance center .<><> When we asked them and said Beijing, 55% said measured by the total sample analysis found that the higher the income the same time bought a variety of urban finance and insurance are more likely to say > <> This shows that, like Beijing, Shanghai's developed cities, with the income to meet the needs of life insurance products also use the investment funds, the future of the couple arranged a number of economic risks, they more of home financial development is changing the culture of these societies. In contrast, in rural areas, family relations, economic transactions still the head, , where Confucian ethics need to maintain hidden economic transactions, so there is more to retain the Confucian values .<><>, the Chinese culture to the future will be what is it? is a step such as Beijing, Shanghai and other developed the community's cultural development, or to restore the Confucian tradition, back to the value of traditional village system? society and culture is difficult to design to the individual, but by the needs of the community decide. <> Financial Development of Western Culture <> <> To help understand the future direction of Chinese culture, we can look at the economic and financial development is how to promote individual rights, individual freedom status in Western culture. Today in Beijing, Shanghai and cultural differences with the rural Western culture is actually the difference today with the mapping of the past. West is not always to the individual as the center is the development of economic and financial gradually from their family and church liberation of economic dependence. <> < > Of course, to this day individuals have been dazzling variety of financial securities, and their functions for different purposes. To facilitate discussion, we have to life annuity (life annuity), for example, that individuals should be most important to avoid future risk One of the financial variety. think of the future is most uncertain how many will live in the end, is to live to 120 years old or 70 years? If alive today, according to the age of 70 to save money, and if to live to 120 years old, and that the remaining 50 years of income come from? If saving money by living to 120 years old, live 70 years if living, it is not saving too much? - the uncertainty of life very easy for themselves in old age become a burden on future generations, also lose their independence. Life Annuity is there to solve this problem, as long as the buyer to prove good health today, then he may purchase life annuity installments or a one-time, buy, investors in the 50-year-old ( can also be started from the other age groups) to obtain prior agreement before the death of the income year, such as the million has to pay this income to continue to the purchaser or the death of both husband and wife until the death. With this financial arrangement, the parents do not have to dependent on future financial support through his later years, do not worry they will not live too long, economic independence, personal freedom is clearly based .<><> democracy, freedom, thought and practice of the rule of law as early as in ancient Greece , appeared in Roman times, this is familiar history, but not necessarily familiar with the past, life insurance and annuities, and other varieties are also 2,000 years ago, borrowing the ancient Greek, Roman appeared and development. in accordance with CF Trenerry The Origin and Early History of Insurance , life insurance pricing table, that is the origin of actuarial mathematics. Thus, the ancient Greeks, Romans will be able to use these financial tools to achieve personal freedom. another type of mutual insurance for individuals, mutual trade in ancient Rome the rise of religious and other civil RCAs, which together would be through the contributions of many members of the set together, and then to the members of accidents encountered financial support .<><> but, interestingly, with the Roman Empire in 476 AD, the end of Europe into the so-called family to do the job. For example, from the 8th century to the 10th century, Germany, Belgium clan very well-developed, land is vested in the clan, clan property, and members of the individual members dedicated to circumvent the economic risk of this effect is to make family ;, allow individuals to lose their freedom and rights, a loss of individuality .<><> by Aaron Gurevich's argument is so 12th century Europeans to a lack of personality, if you see a group of figure paintings of that period, you will find that the above figures from the face to clothing, to their manners are completely the same, do not see any difference, no personality, reflected the spirit of the world can imagine .<><> from 12 shallow, the 13th century, Venice, Florence and other Italian city-states of the rapid development of business, which not only makes their per capita income growth, the challenge to get people out of food and clothing, but in the late 13th century life annuities, life insurance, dowry funds and other financial varieties again in Venice and other places, until the 14-15 century Italian Renaissance, awareness of individual rights to reproduce period, Western Europe has been considerable development of financial, freedom and rights for individuals to achieve financial means to provide initial support. all kinds of insurance, loans, bonds, investment products particularly in the 15,16 century, faster development, and spread to the Netherlands, France and, later, the United Kingdom. These increasingly sophisticated financial instruments as the beginning of the 17th century and the Enlightenment further development of individual freedom important economic foundation of modern democratic political system is in Europe, such a context the emergence of .<><> we see that if the interests of the trade from the replaced by the financial markets, which of course can reduce exchange for economic benefits to the ...
Monday, December 20, 2010
Record House had Macalline strategic partner news conference - blue ink ...
Topic: House had Macalline strategic partner news conference
Location: Beijing Century Golden Resources host afternoon everyone
good! First, I introduce myself I'm actually the president of Wang Linpeng house, actually home, and on behalf of all of us for coming Macalline warm welcome! we all know is our circulation in recent years, home business a very important part of the home Macalline and actually are two very important business brand, it should be said that we both share a common location and the established philosophy, we also have a common business mission is that we want to own engage in better business. We all want China's domestic brands to the whole of China, to the world that we want to provide better service for consumers. We want to contribute to the cause of China's home, and we also face the common problem that we encountered some difficulties in the external current.
so common to how to accomplish our mission, how to deal with the problems we face together, so today we are here to hold a simple press release will, following me about at the press conference today, leaders and guests: Macalline Jianxin, chairman and CEO, Mr. Car; Macalline car built Fong, Vice Chairman; House was chairman of Mr. Zhang Xuewu, House was also the manager of the North Fourth Ring stores are coming. Present at today's press conference of the Central Television, Beijing Television, and broadcast live on the focus of home network.
chairman of cars below, please Macalline Mr. Jianxin speech!
photo Macalline Jianxin, chairman of car
【】 Hello everybody build a new car! We are very pleased to have representatives of the manufacturers in Beijing and the media in attendance at today's meeting, special thanks to our Zhang, chairman of House was also Wang gave us all opportunities for cooperation, this is for us to embrace the opportunity, I think this is mutual.
Now I will introduce the background of our cooperation, first of all is the meaning of our cooperation . I said a dozen words: the first we have to create a fair environment, that is to contribution.
us the background, the first background is now home industry was a mess, in fact, in developed countries is concerned, there can be thousands of home industry, up to a dozen. So our market is still in the Spring and Autumn Warring States period, because we both in the circulation industry is the biggest, we need two of them to regulate this market.
background is both the second joint, and I think we should become an incubator of domestic industry, let them grow in here, and then to the world brand, this is the largest producer and brand a weak background.
third context is the current home market is not doing enough green above, I think we still need to work, We should also further enhance the table, as much as possible for the sake of consumers.
fourth among the background in integrated form, cut-throat competition is quite prominent. I think that engaging in vicious competition is not Chinese, we have to bring the Chinese people hands, do not engage in vicious competition, in particular, we welcome home surprise, but we are actually home, please take the initiative, and we can actually complement each other home, help each other, that have the resources we can share. and actually the home grown, and no harm to our Macalline, because China needs a few large companies, if not this is detrimental to our industry. So we have to support each other and share resources. This time we want to in Jinan build a new store in the next, we had a store. If you say I want to continue further down, how come people do not know the brand, that is, two brands in one place to do is not realistic, this time to develop the first home actually two stores, so we complement each other, hit it off, so that our family of stores do actually let down, we do not need the. In fact there are many such situations, we continue to integrate the next step, in particular, to learn Wang where the total outstanding, as well as team communication, I think this is what we need to learn.
I am here to form a state, that is, the strategic cooperation between our two should be regular communication, even if we eat today Meikailong point loss, or loss eat a little tomorrow, I think it does not matter, the key is to strengthen the nation's commercial brand. Our national brand for the sake of walking not only in China, and we both have to do to the United States , so go to other countries, such as India, the Russian market was relatively large. and not say that we should engage in vicious domestic competition, so we can suffer even if temporarily, but we have many factories in the brand, and now are in a foreign country sell low-cost foreign agent, I think our circulation if not a foreign country, our industries will flourish not only our circulation to go abroad, then our industry can flourish. For example, our Olympic Games, we took so many of the world champion, I think we have to do world champion circulation. Do not say that our agency is taken away by foreigners, in fact, many distribution channels are controlled by foreigners, he might into our goods is 1 million, he sold 5 million may be. So we are going home together actually grow, grow, and we have to go international to the future, be able to bring together our international brand in China to go. So I think this is our real purpose, so we expanded the.
because the world market is very large, piece of home building materials market is very large. In fact, only the United States may not add up our two countries Depot 2% or 3%, then we are also very small, so we do not engage in vicious competition. Some people say that Chinese people are when a person is a human, a dragon, when two people, three people to fight, but we do not need this, we have for the country sake, the sake of the nation, especially for our nation's commercial and industrial brand brand sake, we can not cut-throat competition, or how, I think we are going home actually closely aligned. < br> So now is the era of knowledge economy, and the feudal era is already several times, so that we will be able to do both, then whoever Chi Diankui today does not matter, as long as we look long-term, our cooperation definitely contribute, of course, our cooperation must be for the distributors, manufacturers, factories interests, but also for our customers this, and also for the sake of our own brand, our two interests. I think still need between three sake of balance, so we lose the future or whether there is a misunderstanding that we will adhere to the good cooperation.
I think the cause of our home in China, we need this generation to solve. can not wait until the first second generation, today I look at the plane came to pick up Wang to meet the total, and I always share the road and Wang, I say we stay for another three decades, about two decades that China's domestic industry does not flourish, then the future difficult to thrive, it is impossible for us what our next generation of China, the things do. So whether it is the factory manager, dealer manager, or that home Macalline and actually, to be completed in this generation, China will become our home brand of home industries, including commercial brands, have become a world brand, definitely not to say that at home, they said there was , then we might as well add up to 1% of people, so I think our generation to solve this problem, let us home from China into the world's largest producer of brand power, brand power. Thank you!
【 ],[speech, I very much support the first chairman of the board say the words car, this is some of his heartfelt words, but also some of his insights to do business for many years. Today, we sit down together and Macalline sign a strategic alliance agreement , all of our starting point is to solve the vicious competition, give the market a level playing field. you journalists out for journalism, a news point, this is our main news point and starting point, we can see in the business process, To go to the market to take a lot of strategic marketing initiatives, competition means, some of what to buy 1000 get 2000, many department stores are out of the wrong market.
we can count accounts, 1000 is really the time to send in 2000, this No cost. Now furniture, building materials, furniture, profit is 30% to 40%, building materials is 20% to 30% of the profits, if he blindly price, it will most likely sacrifice quality, the quality of the final sacrifice The result is a disadvantage of consumers, this will transfer to the consumers on the go, he can not lose money doing business, this is the bottom line of doing business.
Well, today there are always cars minded entrepreneurs, active regulate the industry, we very much in favor, but also out of the house actually mind, this car can see out the high station to see very far, this is indeed the industry leader in our home. we will follow the general said, some have cars , we will carefully House had to do according to this meaning, but also a fair market.
Jinan store just talked about things, always said the same car as the car was there to open a new store just have a franchise to expire, take the initiative to find a home that actually make us do that. so to avoid too close to suffer, in fact, suffer a couple of hundred meters so that the two stores is not good. If we work on the two companies would also very good, this is also very good with our two places.
strategic cooperation agreement, but not our home for the other, their peers to be friendly to each other, but the competition is inevitable, then this competition is a norm , there is a constraint, can not exceed a certain moral bottom line, not to the detriment of the interests of the consumers.
today I see many big bosses are in here, this year's business may not do, I hope you at this the process of finding the car more than the total discussion, look for our discussion, we will find you to discuss, we have to tide over the difficulties. We service and funding should be strengthened, and you have to face difficulties and overcome difficulties. In fact, in difficult times adjustment and development is our time, because this time there are some small companies and brands will be lost down, just this is a very good period of strategic opportunity, I hope you work in the future to achieve better results. Thank you! Moderator】 【
following the third element of our meeting: a car owner and you were actually Chang, chairman of the House and the signing of strategic cooperation Meikailong!
photo shows the U.S. House was Red Star Chiron strategic cooperation signing ceremony
photo House had strategic cooperation signing ceremony
Macalline host】 【Here is the press conference time, are there any questions of the reporters and Zhang, Chairman of the vehicle can be Chairman of the question.
photo House was the boss of the press conference Macalline
Reporter】 I have two questions to ask Car General: The first question today signed a strategic partnership between our two relationship, this is very good news, then for how consumers like a good news for it? Another problem is that you make in the speech, which talked a lot about the industry to the world, then in this regard Macalline Are there any kind of plan? Thank you.
】 【build a new car market to consumers the benefits of the specification is still very much, for example, we engage in vicious competition, we will have the energy to do innovation, first on business innovation, including the room to do a good job we have to promote the image, you can package our own brand, including the upgrading of a consumer enthusiasm for life.
and one is green, we need to environmental protection to develop a standard, our standards to exceed the national standard, this is very significant. Otherwise if you spot checks every time the task is very heavy. that our two co-ordinate specifications, many factories will gradually bring pressure, I think this is a lot of consumers in terms of benefits, especially to our innovative commercial space, will lead us there are personalized home taste of home, will guide the product design and innovation in our industry.
two of the most important is that we can work together to brand our facility, allowing him to open the country more good in the store, not a big market that is very old, there are many brands out there. This will confuse the consumer identification systems, consumers do not know which is good, which is bad, so that the significance of this market is still very large, so we actually grow the home, Macalline development and expansion of the consumer itself or very favorable.
and one is to the world, at present China is developing country, China's opportunity or more than the world. So in 5 years or so, we're not going to open up to international Our shopping malls, five years later we will consider taking into account the international open our stores, because this process has a lot of market growth force. So say just the current sales, the most important is the growth has brought us great development space, so we intend to 5 years later we have to accelerate the pace of research to go abroad, now we are still in the country, our Chinese-made brand to temper better, to let them grow, because China's market is in the world in terms of still very large, thank you!
Reporter】 very happy to see the two stand together, it also means that China's hopes of home building materials distribution industry. So the two distribution industry is very famous in the industry, then all large distribution companies which are more single model, such as Wal-Mart, Carrefour, China's domestic circulation industry to home and Macalline actually represented two companies, he is the same in the model There are different places, the home is actually a simple business proposition chain, Macalline may also join the various forms of self-built, then in the end which mode is more suitable for this industry? your manager on this issue two for an answer for us Thank you!
】 【build a new car should be said that, I think there are several models: (1) leases. This is the House had more to do some, I think this model in the world is still very good, many large enterprises a path of rapid development. (2) self. self-built shops as we are still very much Macalline, self-built store will develop more slowly in fact, because each store have to rely on to build their own , we have a building from site selection to store opening usually takes three years, so our plans will take into account the longer term, then the future will be a long-term advantages and disadvantages, this does not rule out this model, because of China's land and property also in appreciation. (3) to join. We Macalline stores or on the most important of this model in the country, although I am the person who is 60 years, but I like this man who is almost 80 years, more open thinking . We had to do in this market chain, at that time think it's impossible, because that I like to eat KFC, I can do that KFC chain chain why can not we do it? then we do five-star hotels, five-star hotels to join Then we can join home shopping, so we can not live in their own box, but also a way to join, at least we are now developing a complementary process, as is the need for us in terms of a complementary Macalline, and now the hands of many real estate developers have a lot of money, they need investment. So I think eclectic in three ways, in what way a good way to do, what projects beneficial to our business, our business to do.
【Zhang Weapons】 we actually engage in the home is not only engaged in direct sales stores and franchise stores, although there are only Tangshan is our franchise, but which we plan to be together is to engage in direct sales stores and franchise stores, in fact, engage in direct sales stores and stores of these two methods are very good, business is direct sales stores no problem, no problem stores, are good ways.
【Reporter Please tell us the total car industry, now you think that irregularities have What are the areas? including your throat competition that is now more fierce, you simply talk about. well how you two are co-operation? your cooperation are complementary, or you two to form a new monopoly? there is a problem home industry is now reflected in the difference between Chinese and foreign competition in what way?
】 【build a new car before that the gap between the world and our Chinese bar, a decade ago to a German OBI, B & Q was again a. that time China's white-collar workers say that we can not survive in this market, many experts believe that the pattern of foreign supermarkets to survive, develop, when I thought he was good this model, we want to do. But I forget we have an account economic strength and foreign people and a big difference. Then I said when my grandson white beard, a growing gap between us and it is far, rather than getting closer. then we will insist on doing market is in the market space, innovation and above the fuss, now foreign brands in our increasingly difficult to survive in China, but this model to enhance our nation, that is, more than white-collar workers who have accepted, because we are market-oriented operation, the management of shopping malls, chain of the pilot. supermarket model is coming to purchase goods and then sell our goods are brought there from the factory, our profit is the rent. but we are also consumers responsible, and we give consumers more innovative procurement passion, passion is more settled down, so that this model is already excellent in this mode of foreign supermarkets.
just said that barriers to our cooperation, in fact, we and the House actually be said to be the largest between the two years I remember going to Chongqing, Chongqing has a big market and chaos, they have blocked two of us. At that time I could not understand, that is why he so? but he is such, he has a variety of ways, is the underworld and white are, and white above, also controls that put you off you in this way also exists, there are a lot of cooperation between our two market barriers.
but we still have to create a standardized, fair environment, whether consumers or companies we have to create a standardized and fair environment. Thank you! Reporter we both cooperation, dealers and consumers will generate the kind of good news? I said in the statement in the above two executives feel your great foresight. but this year the situation we all see that, then this cooperation is not against the cold of winter with way to do?
】 【Zhang Xuewu In fact, many markets in order to expand market share, shop in different places, often a place to shop will be pushed, and even the time and place will be very concentrated, then time to bring a focus on old and new conflicts, this contradiction is the old do not wish to continue to share his new cup of soup, but the competition can not escape, and you do not want the new in, this is not The. Which country are not allowed, many countries prohibited the command, the Chinese also like this, is that you are not allowed to use your unique conditions, historical formation of the preferential terms, to the beginning of combat and crowd out new partners, which country now Such policies are.
this place if you get down to business out of small, distorted many things, we also do not want to see, we have also been here to do so, in fact, this situation is also based on our two family cooperation, that is the main focus on enhancing the quality and improve service up, rather than that dealing with the relationship between the main concentrate on up.
】 【build a new car I think the financial crisis to stimulate domestic demand, this is definitely a . For example, many cities we have to go now, then there will be barriers, we must invest more. For instance, we have stores in some cities, we are also very welcome to come home actually. So we have some counties City, we can share resources, and increase investment. and we are not too much of the price war, we need to show more of our effort to promote our brand, rather than vicious competition, which is above the financial turmoil in the resistance also good. There is also a plant that is between, let them concentrate their efforts on production, rather than that on us to engage in by the venue to do business, in fact, the relationship we do not lease, we have a way of business, because we operate are leased, so we both engage in vicious competition in the market have a lot of benefits . In particular, we own, we also stop people deliberately engaging in vicious competition with other industries in this context is completely different, because it is a rental-based business. department stores primarily engaged in lots, home building materials market, we can not completely rely on the lot We rely on the brand, which means that we must strengthen the dealer, factory order management, such as they do in our Macalline bad behavior of customers, he can go to the House had and then to the House had to do the bad behavior of customers, and then went to Macalline, and if so, then we can form a standardized, so that our industry is more special because we and a hundred homes compared to the case, we are one less intermediate links, we let the factory direct sales, but the B & Q is later sold over the procurement.
this specificity we rely on each other industries that can communication, support, will not engage in vicious competition. we sometimes do not support or engage in vicious competition, and give them advantage. or regulate the market was wrong, in fact, a vicious competition. means that you are using someone else , or is dealer used, this is cut-throat competition, because we are mainly managed by the lease contract, the rental system is a separate legal entity, we require the consumer to be responsible, but he is also an independent legal system , then the leasing system expired, he slipped away from the Macalline House had to go, and then engage in two years and then slipped Macalline years, so that this is a management tool.
【 ],[House and to actually have to open a shop Macalline words. whether you rent the same? (2) some time ago about a comparison of a home business by promising the pursuit of capital, has attracted Macalline 1.5 billion of capital, is said to have all recorded, and then their eyes on funding the development of the industry, but actually Macalline and cooperation between home can really go in depth may be between you two the cooperation of some of the capital, will have two bosses may actually Macalline into the capital of the house, actually home into the capital Macalline?
】 【Zhang Xuewu not yet into the capital of the plan, but this rent may be different, because the lots and services are not the same, we do not require the same price, if the car always want the same price I agree, this thing is not absolute. If a place away from the close , is a price that is not very positive. but we are two different places according to determine the price, if we consult, like all psychological balance to make it, simply on a price calculations.
【build a new car for today is a beginning, in the future there will be a variety of co-operation. about rent prices, I think we still have a strategic alliance and orderly competition, but that we avoid the vicious disorderly competition, we are a socialism with Chinese characteristics, but we still engage in a market economy, or according to sales, the market place to the situation given the circumstances, etc., can not engage in big pot and engage in big pot on the back, and we still have to be cooperation The. means that we still need healthy competition, otherwise they become our two sheep, the other wolf to another out, so that our cooperation is both progressive, not to say that the protection of , but that to avoid vicious competition and regulate the market. we are around twelve I said words to cooperation.
【Reporter we are now experiencing global financial crisis, many countries have also introduced a policy of rescue Surprisingly, after the House and Macalline cooperation in such a big situation, what moves it? total there are cars and actually mentioned the house is not Macalline Home Depot 2% to 3% So the cooperation is not to resist the foreign brands it?
】 【build a new car I feel that our cooperation is not against it, this is open to clear this matter. I think our growth is very important, On the one hand we have to grow the domestic brands, foreign brands have grown, consumer acceptance of this depends on which model. I think we will among foreign brands and orderly competition.
our cooperation in terms of stimulating domestic demand but also good, on the one hand we have avoided a lot of internal friction, internal friction, including our energy, we use a lot of energy to make our brand, good market information, the most important thing is to invest, that had we not possible place for investment because of our cooperation on the relaxed, easy to invest. So the benefits of stimulating domestic demand is still relatively large. Thank you!
】 【Zhang Xuewu established brands with strong foreign competition, but not resist .
】 【reporters are actually home and Macalline national expansion of the enterprise, today signed a strategic partnership in the future, the future shop with in the field when there is no mutual agreement on a specific what?
】 【Zhang Xuewu this is not, we just some cooperation principle, then we have not divided the chassis, the idea of division of spheres of influence is not in the sense that the place we all feel good, we all can go, or that place we all feel bad, we will not go, that is where everyone can go.
】 【build a new car we are mutual support and provide information that help each other complement each other. Thank you!
【Reporter advent of the economic crisis in 2009, when some parts of the building materials market impact is very large, some companies have reduced the production of more than 50%, then the House was Macalline and home industry as a leading brand, whether will be jointly issued the appropriate options? Another problem is the ability to predict what the development of domestic industry in 2009, how to look at the prospects for the market it home?
【】 one hand, we build a new car today has become a strategic partner, but also Houxu not to schedule too many programs, but that we in agreement to support each other, help each other and avoid vicious competition. then for the market is concerned, I think we still go by the market model, we have not yet too much for the program, we are not against, our own is to create a fair and equitable market system, not to engage in vicious competition with each other, this is our main means.
】 【Zhang Xuewu some vicious competition for both of us constrain home about, or all the other usual way, only those non-standard, part of the vicious competition, and we both restrain itself. then for second-hand housing market, I can see from the Internet, which has been sold for some time greatly improved, more than doubling new house, new house almost every day in Beijing is 160 sets of trading volume, and now second-hand housing is 300 units per day to 400 units, this is a good thing. is not enough new houses, second-hand housing to make, we pay close attention to the introduction of anxious second-hand housing-related policies, such as subsidies, interest rates and so on. Now over the New Year, the market better than before the New Year. We also do a good job very difficult, very difficult to prepare. But now The reality is that second-hand housing pull better than expected, which confirms our central policy and government policies have begun to appear, so we must seize this opportunity to fight, you the boss to step up to the district, to the the old district to the original publicity for tiding over the difficulties.
【Reporter two years because House had a strategy in the national chain of some of the difficulties encountered, if the strategic cooperation of both sides of the House had the advantage of easy to understand I would like to ask the total for the car Meikailong, this directly where the need for it?
】 【build a new car I think we both cooperation itself is an influence, but also a signal that we To regulate the market, to avoid vicious competition. at least people engaging in vicious competition, against us Macalline, he would consider the House was still behind us, he would not dare, and this is also good for us. the most important The point is that we will avoid duplication on the site, sometimes we have the information properly, we chose two points of asymmetric investment will this be error. because, after all, with two high-level, a lot of information on the symmetry, and investment in the site will have many benefits.
there is a plant that we close links with the country, but also a great advantage, because the views of some people is not positive, but his views will publish them. For example, many factories last year, to Landlords, because he died fighting the landlord, put the market messed up. but now they are not thinking correctly would be bound, or will not upset the market. Indeed, we have to allocate the money to build a brand, we have to pull the market, then some people are not doing that, for example Zongli people can be taught how to do it, but the Prime Minister is there are many groups in the study of this market We also have a lot of people into this market, bad market when we have to unite manufacturers, we must support them. But if they fear for now, the first disorder, first the market chaos, the impact will be big, so for us in terms of our combined have a lot of benefits, particularly the layout of our future development and above, as well as barriers against the local benefits are great. because the market is the need to re-innovation, promotion, people only will get more taste of home, so I think all of the phenomena is still needed, we cooperate with the House of actually or beneficial to us, not without interest. mainly to foreigners, that the Chinese do not engaging in vicious competition, it is quite united, this is also in the international community has a very good rating, because we are leasing the system, this is not the same as the supermarket. For example, Carrefour, Lotus and easy, they can not cooperate because they are in the form of procurement, but we are in the form of rental system. Thank you!
】 【Zhang Xuewu I repeat, that in some places on the House had, Macalline boycott, he was actually home that is easy to deal with very weak, or should I say that the home is actually a threat to him, this thing I still do not understand. in fact,cheap UGG boots, today we Macalline cooperation, we are not on the third or the initiative to the first few sanctions, restrictions, suppressing, actually the first day home from the establishment, this is our corporate culture, the standard of our life, our past, present and future of this principle is the same.
】 【Moderator I am grateful to the total. ... I actually said
Location: Beijing Century Golden Resources host afternoon everyone
good! First, I introduce myself I'm actually the president of Wang Linpeng house, actually home, and on behalf of all of us for coming Macalline warm welcome! we all know is our circulation in recent years, home business a very important part of the home Macalline and actually are two very important business brand, it should be said that we both share a common location and the established philosophy, we also have a common business mission is that we want to own engage in better business. We all want China's domestic brands to the whole of China, to the world that we want to provide better service for consumers. We want to contribute to the cause of China's home, and we also face the common problem that we encountered some difficulties in the external current.
so common to how to accomplish our mission, how to deal with the problems we face together, so today we are here to hold a simple press release will, following me about at the press conference today, leaders and guests: Macalline Jianxin, chairman and CEO, Mr. Car; Macalline car built Fong, Vice Chairman; House was chairman of Mr. Zhang Xuewu, House was also the manager of the North Fourth Ring stores are coming. Present at today's press conference of the Central Television, Beijing Television, and broadcast live on the focus of home network.
chairman of cars below, please Macalline Mr. Jianxin speech!
photo Macalline Jianxin, chairman of car
【】 Hello everybody build a new car! We are very pleased to have representatives of the manufacturers in Beijing and the media in attendance at today's meeting, special thanks to our Zhang, chairman of House was also Wang gave us all opportunities for cooperation, this is for us to embrace the opportunity, I think this is mutual.
Now I will introduce the background of our cooperation, first of all is the meaning of our cooperation . I said a dozen words: the first we have to create a fair environment, that is to contribution.
us the background, the first background is now home industry was a mess, in fact, in developed countries is concerned, there can be thousands of home industry, up to a dozen. So our market is still in the Spring and Autumn Warring States period, because we both in the circulation industry is the biggest, we need two of them to regulate this market.
background is both the second joint, and I think we should become an incubator of domestic industry, let them grow in here, and then to the world brand, this is the largest producer and brand a weak background.
third context is the current home market is not doing enough green above, I think we still need to work, We should also further enhance the table, as much as possible for the sake of consumers.
fourth among the background in integrated form, cut-throat competition is quite prominent. I think that engaging in vicious competition is not Chinese, we have to bring the Chinese people hands, do not engage in vicious competition, in particular, we welcome home surprise, but we are actually home, please take the initiative, and we can actually complement each other home, help each other, that have the resources we can share. and actually the home grown, and no harm to our Macalline, because China needs a few large companies, if not this is detrimental to our industry. So we have to support each other and share resources. This time we want to in Jinan build a new store in the next, we had a store. If you say I want to continue further down, how come people do not know the brand, that is, two brands in one place to do is not realistic, this time to develop the first home actually two stores, so we complement each other, hit it off, so that our family of stores do actually let down, we do not need the. In fact there are many such situations, we continue to integrate the next step, in particular, to learn Wang where the total outstanding, as well as team communication, I think this is what we need to learn.
I am here to form a state, that is, the strategic cooperation between our two should be regular communication, even if we eat today Meikailong point loss, or loss eat a little tomorrow, I think it does not matter, the key is to strengthen the nation's commercial brand. Our national brand for the sake of walking not only in China, and we both have to do to the United States , so go to other countries, such as India, the Russian market was relatively large. and not say that we should engage in vicious domestic competition, so we can suffer even if temporarily, but we have many factories in the brand, and now are in a foreign country sell low-cost foreign agent, I think our circulation if not a foreign country, our industries will flourish not only our circulation to go abroad, then our industry can flourish. For example, our Olympic Games, we took so many of the world champion, I think we have to do world champion circulation. Do not say that our agency is taken away by foreigners, in fact, many distribution channels are controlled by foreigners, he might into our goods is 1 million, he sold 5 million may be. So we are going home together actually grow, grow, and we have to go international to the future, be able to bring together our international brand in China to go. So I think this is our real purpose, so we expanded the.
because the world market is very large, piece of home building materials market is very large. In fact, only the United States may not add up our two countries Depot 2% or 3%, then we are also very small, so we do not engage in vicious competition. Some people say that Chinese people are when a person is a human, a dragon, when two people, three people to fight, but we do not need this, we have for the country sake, the sake of the nation, especially for our nation's commercial and industrial brand brand sake, we can not cut-throat competition, or how, I think we are going home actually closely aligned. < br> So now is the era of knowledge economy, and the feudal era is already several times, so that we will be able to do both, then whoever Chi Diankui today does not matter, as long as we look long-term, our cooperation definitely contribute, of course, our cooperation must be for the distributors, manufacturers, factories interests, but also for our customers this, and also for the sake of our own brand, our two interests. I think still need between three sake of balance, so we lose the future or whether there is a misunderstanding that we will adhere to the good cooperation.
I think the cause of our home in China, we need this generation to solve. can not wait until the first second generation, today I look at the plane came to pick up Wang to meet the total, and I always share the road and Wang, I say we stay for another three decades, about two decades that China's domestic industry does not flourish, then the future difficult to thrive, it is impossible for us what our next generation of China, the things do. So whether it is the factory manager, dealer manager, or that home Macalline and actually, to be completed in this generation, China will become our home brand of home industries, including commercial brands, have become a world brand, definitely not to say that at home, they said there was , then we might as well add up to 1% of people, so I think our generation to solve this problem, let us home from China into the world's largest producer of brand power, brand power. Thank you!
【 ],[speech, I very much support the first chairman of the board say the words car, this is some of his heartfelt words, but also some of his insights to do business for many years. Today, we sit down together and Macalline sign a strategic alliance agreement , all of our starting point is to solve the vicious competition, give the market a level playing field. you journalists out for journalism, a news point, this is our main news point and starting point, we can see in the business process, To go to the market to take a lot of strategic marketing initiatives, competition means, some of what to buy 1000 get 2000, many department stores are out of the wrong market.
we can count accounts, 1000 is really the time to send in 2000, this No cost. Now furniture, building materials, furniture, profit is 30% to 40%, building materials is 20% to 30% of the profits, if he blindly price, it will most likely sacrifice quality, the quality of the final sacrifice The result is a disadvantage of consumers, this will transfer to the consumers on the go, he can not lose money doing business, this is the bottom line of doing business.
Well, today there are always cars minded entrepreneurs, active regulate the industry, we very much in favor, but also out of the house actually mind, this car can see out the high station to see very far, this is indeed the industry leader in our home. we will follow the general said, some have cars , we will carefully House had to do according to this meaning, but also a fair market.
Jinan store just talked about things, always said the same car as the car was there to open a new store just have a franchise to expire, take the initiative to find a home that actually make us do that. so to avoid too close to suffer, in fact, suffer a couple of hundred meters so that the two stores is not good. If we work on the two companies would also very good, this is also very good with our two places.
strategic cooperation agreement, but not our home for the other, their peers to be friendly to each other, but the competition is inevitable, then this competition is a norm , there is a constraint, can not exceed a certain moral bottom line, not to the detriment of the interests of the consumers.
today I see many big bosses are in here, this year's business may not do, I hope you at this the process of finding the car more than the total discussion, look for our discussion, we will find you to discuss, we have to tide over the difficulties. We service and funding should be strengthened, and you have to face difficulties and overcome difficulties. In fact, in difficult times adjustment and development is our time, because this time there are some small companies and brands will be lost down, just this is a very good period of strategic opportunity, I hope you work in the future to achieve better results. Thank you! Moderator】 【
following the third element of our meeting: a car owner and you were actually Chang, chairman of the House and the signing of strategic cooperation Meikailong!
photo shows the U.S. House was Red Star Chiron strategic cooperation signing ceremony
photo House had strategic cooperation signing ceremony
Macalline host】 【Here is the press conference time, are there any questions of the reporters and Zhang, Chairman of the vehicle can be Chairman of the question.
photo House was the boss of the press conference Macalline
Reporter】 I have two questions to ask Car General: The first question today signed a strategic partnership between our two relationship, this is very good news, then for how consumers like a good news for it? Another problem is that you make in the speech, which talked a lot about the industry to the world, then in this regard Macalline Are there any kind of plan? Thank you.
】 【build a new car market to consumers the benefits of the specification is still very much, for example, we engage in vicious competition, we will have the energy to do innovation, first on business innovation, including the room to do a good job we have to promote the image, you can package our own brand, including the upgrading of a consumer enthusiasm for life.
and one is green, we need to environmental protection to develop a standard, our standards to exceed the national standard, this is very significant. Otherwise if you spot checks every time the task is very heavy. that our two co-ordinate specifications, many factories will gradually bring pressure, I think this is a lot of consumers in terms of benefits, especially to our innovative commercial space, will lead us there are personalized home taste of home, will guide the product design and innovation in our industry.
two of the most important is that we can work together to brand our facility, allowing him to open the country more good in the store, not a big market that is very old, there are many brands out there. This will confuse the consumer identification systems, consumers do not know which is good, which is bad, so that the significance of this market is still very large, so we actually grow the home, Macalline development and expansion of the consumer itself or very favorable.
and one is to the world, at present China is developing country, China's opportunity or more than the world. So in 5 years or so, we're not going to open up to international Our shopping malls, five years later we will consider taking into account the international open our stores, because this process has a lot of market growth force. So say just the current sales, the most important is the growth has brought us great development space, so we intend to 5 years later we have to accelerate the pace of research to go abroad, now we are still in the country, our Chinese-made brand to temper better, to let them grow, because China's market is in the world in terms of still very large, thank you!
Reporter】 very happy to see the two stand together, it also means that China's hopes of home building materials distribution industry. So the two distribution industry is very famous in the industry, then all large distribution companies which are more single model, such as Wal-Mart, Carrefour, China's domestic circulation industry to home and Macalline actually represented two companies, he is the same in the model There are different places, the home is actually a simple business proposition chain, Macalline may also join the various forms of self-built, then in the end which mode is more suitable for this industry? your manager on this issue two for an answer for us Thank you!
】 【build a new car should be said that, I think there are several models: (1) leases. This is the House had more to do some, I think this model in the world is still very good, many large enterprises a path of rapid development. (2) self. self-built shops as we are still very much Macalline, self-built store will develop more slowly in fact, because each store have to rely on to build their own , we have a building from site selection to store opening usually takes three years, so our plans will take into account the longer term, then the future will be a long-term advantages and disadvantages, this does not rule out this model, because of China's land and property also in appreciation. (3) to join. We Macalline stores or on the most important of this model in the country, although I am the person who is 60 years, but I like this man who is almost 80 years, more open thinking . We had to do in this market chain, at that time think it's impossible, because that I like to eat KFC, I can do that KFC chain chain why can not we do it? then we do five-star hotels, five-star hotels to join Then we can join home shopping, so we can not live in their own box, but also a way to join, at least we are now developing a complementary process, as is the need for us in terms of a complementary Macalline, and now the hands of many real estate developers have a lot of money, they need investment. So I think eclectic in three ways, in what way a good way to do, what projects beneficial to our business, our business to do.
【Zhang Weapons】 we actually engage in the home is not only engaged in direct sales stores and franchise stores, although there are only Tangshan is our franchise, but which we plan to be together is to engage in direct sales stores and franchise stores, in fact, engage in direct sales stores and stores of these two methods are very good, business is direct sales stores no problem, no problem stores, are good ways.
【Reporter Please tell us the total car industry, now you think that irregularities have What are the areas? including your throat competition that is now more fierce, you simply talk about. well how you two are co-operation? your cooperation are complementary, or you two to form a new monopoly? there is a problem home industry is now reflected in the difference between Chinese and foreign competition in what way?
】 【build a new car before that the gap between the world and our Chinese bar, a decade ago to a German OBI, B & Q was again a. that time China's white-collar workers say that we can not survive in this market, many experts believe that the pattern of foreign supermarkets to survive, develop, when I thought he was good this model, we want to do. But I forget we have an account economic strength and foreign people and a big difference. Then I said when my grandson white beard, a growing gap between us and it is far, rather than getting closer. then we will insist on doing market is in the market space, innovation and above the fuss, now foreign brands in our increasingly difficult to survive in China, but this model to enhance our nation, that is, more than white-collar workers who have accepted, because we are market-oriented operation, the management of shopping malls, chain of the pilot. supermarket model is coming to purchase goods and then sell our goods are brought there from the factory, our profit is the rent. but we are also consumers responsible, and we give consumers more innovative procurement passion, passion is more settled down, so that this model is already excellent in this mode of foreign supermarkets.
just said that barriers to our cooperation, in fact, we and the House actually be said to be the largest between the two years I remember going to Chongqing, Chongqing has a big market and chaos, they have blocked two of us. At that time I could not understand, that is why he so? but he is such, he has a variety of ways, is the underworld and white are, and white above, also controls that put you off you in this way also exists, there are a lot of cooperation between our two market barriers.
but we still have to create a standardized, fair environment, whether consumers or companies we have to create a standardized and fair environment. Thank you! Reporter we both cooperation, dealers and consumers will generate the kind of good news? I said in the statement in the above two executives feel your great foresight. but this year the situation we all see that, then this cooperation is not against the cold of winter with way to do?
】 【Zhang Xuewu In fact, many markets in order to expand market share, shop in different places, often a place to shop will be pushed, and even the time and place will be very concentrated, then time to bring a focus on old and new conflicts, this contradiction is the old do not wish to continue to share his new cup of soup, but the competition can not escape, and you do not want the new in, this is not The. Which country are not allowed, many countries prohibited the command, the Chinese also like this, is that you are not allowed to use your unique conditions, historical formation of the preferential terms, to the beginning of combat and crowd out new partners, which country now Such policies are.
this place if you get down to business out of small, distorted many things, we also do not want to see, we have also been here to do so, in fact, this situation is also based on our two family cooperation, that is the main focus on enhancing the quality and improve service up, rather than that dealing with the relationship between the main concentrate on up.
】 【build a new car I think the financial crisis to stimulate domestic demand, this is definitely a . For example, many cities we have to go now, then there will be barriers, we must invest more. For instance, we have stores in some cities, we are also very welcome to come home actually. So we have some counties City, we can share resources, and increase investment. and we are not too much of the price war, we need to show more of our effort to promote our brand, rather than vicious competition, which is above the financial turmoil in the resistance also good. There is also a plant that is between, let them concentrate their efforts on production, rather than that on us to engage in by the venue to do business, in fact, the relationship we do not lease, we have a way of business, because we operate are leased, so we both engage in vicious competition in the market have a lot of benefits . In particular, we own, we also stop people deliberately engaging in vicious competition with other industries in this context is completely different, because it is a rental-based business. department stores primarily engaged in lots, home building materials market, we can not completely rely on the lot We rely on the brand, which means that we must strengthen the dealer, factory order management, such as they do in our Macalline bad behavior of customers, he can go to the House had and then to the House had to do the bad behavior of customers, and then went to Macalline, and if so, then we can form a standardized, so that our industry is more special because we and a hundred homes compared to the case, we are one less intermediate links, we let the factory direct sales, but the B & Q is later sold over the procurement.
this specificity we rely on each other industries that can communication, support, will not engage in vicious competition. we sometimes do not support or engage in vicious competition, and give them advantage. or regulate the market was wrong, in fact, a vicious competition. means that you are using someone else , or is dealer used, this is cut-throat competition, because we are mainly managed by the lease contract, the rental system is a separate legal entity, we require the consumer to be responsible, but he is also an independent legal system , then the leasing system expired, he slipped away from the Macalline House had to go, and then engage in two years and then slipped Macalline years, so that this is a management tool.
【 ],[House and to actually have to open a shop Macalline words. whether you rent the same? (2) some time ago about a comparison of a home business by promising the pursuit of capital, has attracted Macalline 1.5 billion of capital, is said to have all recorded, and then their eyes on funding the development of the industry, but actually Macalline and cooperation between home can really go in depth may be between you two the cooperation of some of the capital, will have two bosses may actually Macalline into the capital of the house, actually home into the capital Macalline?
】 【Zhang Xuewu not yet into the capital of the plan, but this rent may be different, because the lots and services are not the same, we do not require the same price, if the car always want the same price I agree, this thing is not absolute. If a place away from the close , is a price that is not very positive. but we are two different places according to determine the price, if we consult, like all psychological balance to make it, simply on a price calculations.
【build a new car for today is a beginning, in the future there will be a variety of co-operation. about rent prices, I think we still have a strategic alliance and orderly competition, but that we avoid the vicious disorderly competition, we are a socialism with Chinese characteristics, but we still engage in a market economy, or according to sales, the market place to the situation given the circumstances, etc., can not engage in big pot and engage in big pot on the back, and we still have to be cooperation The. means that we still need healthy competition, otherwise they become our two sheep, the other wolf to another out, so that our cooperation is both progressive, not to say that the protection of , but that to avoid vicious competition and regulate the market. we are around twelve I said words to cooperation.
【Reporter we are now experiencing global financial crisis, many countries have also introduced a policy of rescue Surprisingly, after the House and Macalline cooperation in such a big situation, what moves it? total there are cars and actually mentioned the house is not Macalline Home Depot 2% to 3% So the cooperation is not to resist the foreign brands it?
】 【build a new car I feel that our cooperation is not against it, this is open to clear this matter. I think our growth is very important, On the one hand we have to grow the domestic brands, foreign brands have grown, consumer acceptance of this depends on which model. I think we will among foreign brands and orderly competition.
our cooperation in terms of stimulating domestic demand but also good, on the one hand we have avoided a lot of internal friction, internal friction, including our energy, we use a lot of energy to make our brand, good market information, the most important thing is to invest, that had we not possible place for investment because of our cooperation on the relaxed, easy to invest. So the benefits of stimulating domestic demand is still relatively large. Thank you!
】 【Zhang Xuewu established brands with strong foreign competition, but not resist .
】 【reporters are actually home and Macalline national expansion of the enterprise, today signed a strategic partnership in the future, the future shop with in the field when there is no mutual agreement on a specific what?
】 【Zhang Xuewu this is not, we just some cooperation principle, then we have not divided the chassis, the idea of division of spheres of influence is not in the sense that the place we all feel good, we all can go, or that place we all feel bad, we will not go, that is where everyone can go.
】 【build a new car we are mutual support and provide information that help each other complement each other. Thank you!
【Reporter advent of the economic crisis in 2009, when some parts of the building materials market impact is very large, some companies have reduced the production of more than 50%, then the House was Macalline and home industry as a leading brand, whether will be jointly issued the appropriate options? Another problem is the ability to predict what the development of domestic industry in 2009, how to look at the prospects for the market it home?
【】 one hand, we build a new car today has become a strategic partner, but also Houxu not to schedule too many programs, but that we in agreement to support each other, help each other and avoid vicious competition. then for the market is concerned, I think we still go by the market model, we have not yet too much for the program, we are not against, our own is to create a fair and equitable market system, not to engage in vicious competition with each other, this is our main means.
】 【Zhang Xuewu some vicious competition for both of us constrain home about, or all the other usual way, only those non-standard, part of the vicious competition, and we both restrain itself. then for second-hand housing market, I can see from the Internet, which has been sold for some time greatly improved, more than doubling new house, new house almost every day in Beijing is 160 sets of trading volume, and now second-hand housing is 300 units per day to 400 units, this is a good thing. is not enough new houses, second-hand housing to make, we pay close attention to the introduction of anxious second-hand housing-related policies, such as subsidies, interest rates and so on. Now over the New Year, the market better than before the New Year. We also do a good job very difficult, very difficult to prepare. But now The reality is that second-hand housing pull better than expected, which confirms our central policy and government policies have begun to appear, so we must seize this opportunity to fight, you the boss to step up to the district, to the the old district to the original publicity for tiding over the difficulties.
【Reporter two years because House had a strategy in the national chain of some of the difficulties encountered, if the strategic cooperation of both sides of the House had the advantage of easy to understand I would like to ask the total for the car Meikailong, this directly where the need for it?
】 【build a new car I think we both cooperation itself is an influence, but also a signal that we To regulate the market, to avoid vicious competition. at least people engaging in vicious competition, against us Macalline, he would consider the House was still behind us, he would not dare, and this is also good for us. the most important The point is that we will avoid duplication on the site, sometimes we have the information properly, we chose two points of asymmetric investment will this be error. because, after all, with two high-level, a lot of information on the symmetry, and investment in the site will have many benefits.
there is a plant that we close links with the country, but also a great advantage, because the views of some people is not positive, but his views will publish them. For example, many factories last year, to Landlords, because he died fighting the landlord, put the market messed up. but now they are not thinking correctly would be bound, or will not upset the market. Indeed, we have to allocate the money to build a brand, we have to pull the market, then some people are not doing that, for example Zongli people can be taught how to do it, but the Prime Minister is there are many groups in the study of this market We also have a lot of people into this market, bad market when we have to unite manufacturers, we must support them. But if they fear for now, the first disorder, first the market chaos, the impact will be big, so for us in terms of our combined have a lot of benefits, particularly the layout of our future development and above, as well as barriers against the local benefits are great. because the market is the need to re-innovation, promotion, people only will get more taste of home, so I think all of the phenomena is still needed, we cooperate with the House of actually or beneficial to us, not without interest. mainly to foreigners, that the Chinese do not engaging in vicious competition, it is quite united, this is also in the international community has a very good rating, because we are leasing the system, this is not the same as the supermarket. For example, Carrefour, Lotus and easy, they can not cooperate because they are in the form of procurement, but we are in the form of rental system. Thank you!
】 【Zhang Xuewu I repeat, that in some places on the House had, Macalline boycott, he was actually home that is easy to deal with very weak, or should I say that the home is actually a threat to him, this thing I still do not understand. in fact,cheap UGG boots, today we Macalline cooperation, we are not on the third or the initiative to the first few sanctions, restrictions, suppressing, actually the first day home from the establishment, this is our corporate culture, the standard of our life, our past, present and future of this principle is the same.
】 【Moderator I am grateful to the total. ... I actually said
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