Coquettish Rebirth

All the economic events and company news that happened in 2005 are like two sides of a coin, interdependent and contradictory. The hardness and luster of each other reflect the absurdity of the world.Regarding "absurdity", Henry Thompson, the godfather of American absurd journalism, has a famous saying, "It is difficult for us to see history clearly, because it is some outdated garbage, but even if we don't understand history, we have every reason to believe that the energy of an era It will mature after a dazzling flash, and why no one understood at the time, and in retrospect, there is no way to explain it.” Thompson committed suicide at home on February 2005, 2.

For many Chinese, the past is already another country.Even in the eyes of overseas observers, the richness of China's changes makes it difficult to give a definite evaluation.Martin Wolf, the chief commentator of the British "Financial Times", wrote in a commentary, "Maybe the China that each of us is talking about today is another country." The American "Times" published on June 6 "Weekly" is the sixth time in the past 27 years to feature the late Chairman Mao Zedong on the cover. Mao's clothes are intriguingly printed with the logo of the famous clothing brand lv. Like many observation articles over the years, it has declared for an unknown number of times that the era of materialization has come to China.

Perhaps, there is no country like today's China that makes people feel like a world away.For many, the place where they grew up no longer exists.The south of the Yangtze River described by poets of the Tang and Song Dynasties has long changed beyond recognition, and those "little lonely cities" have now become the most important manufacturing and industrial bases in the world.The winding streets in the past have been straightened and widened, and the bluestones on the streets have been pried away and discarded. On top of them, stiff and tall buildings and shops have been built. Rain corridors, cornices, and river ports have all become images in memory.Some 20 million Chinese have been lifted out of extreme poverty over the past 4 years, an achievement largely attributable to rapid and widespread urbanization.According to the forecast of experts, the urbanization movement will continue, and it is estimated that 20 million people will move into cities in the next 4 years.This makes the country look like a construction site everywhere. "Reference News" quoted foreign sources as saying that the area of ​​newly built houses in China accounts for about 50% of the world's total, and the total area of ​​houses in one year is equivalent to the area of ​​existing houses in Russia.The architectural achievements of Yuqing City in 10 days are equivalent to 15 Chrysler Buildings in Manhattan, New York.

The unstoppable development impulse of China's economy has surprised all observers.It is also from this year that the world will rarely see the prediction that "China's economy is about to collapse" that has been speculated for more than ten years, because it has really failed too many times.On the contrary, some books praising China's transformation began to sell well. James Kinch's new book "China Shocks the World" entered the bestseller list in the United States and won the Best Book of the Year Award from the British "Financial Times" in one fell swoop."When China Changes the World" published in February by Eric Izralevich, a veteran French journalist, quickly became a bestseller in Europe. In September, Michael Moritz, a partner of Sequoia Capital, ranked No. 2 in the "National Venture Capitalist Ranking" of "Forbes" magazine, visited China.Sequoia Capital’s previous investment radius was said to be “no more than 9 miles beyond Silicon Valley”, and now it can’t wait to come to China to find opportunities for them to invest. According to what he said to reporters, that is, “if China has the first If there are two Huaxia Hi-Tech or Sherlock Holmes platforms, I definitely don't want to miss them."

On November 11, in Claremont, a small town near San Francisco, USA, Peter Drucker, the world's greatest management guru, died quietly in his sleep at the age of 11.At this moment, those great thinkers of his contemporaries are gathering at the gate of heaven to wait for the last latecomer. Marcuse has been waiting for 95 years, Sartre has been waiting for 26 years, Foucault has been waiting for 25 years, even the long-lived Karl Popper and Hayek also waited for 20 years and 10 years respectively. So far, the thought giants that emerged after World War II have become history.In the past 13 years, this "bystander" self-proclaimed management scientist and former General Electric CEO Jack Welch has been the most sought after business intelligence figure by Chinese entrepreneurs. People have learned from him innovation, Scientific management, knowledge workers and other new terms, but how much people understand what he said is another matter.His death made observers in the business world very depressed for a while, "Drucker is dead, who is going to ask us to think about management?" In his later years, Drucker began to pay attention to distant places that he had never reached. China.One month before his death, he also wrote a congratulatory message "Welcome to the Xi'an Entrepreneurs Association of the Peter Drucker Research Institute". At that time, his body was extremely weak and he fell into a coma for more than 10 hours a day.

…Objectively, no human death will stop the world from progressing for even a second.As people grieved for Drucker, Thomas Friedman, a journalist-turned-New York Times columnist who published The World Is Flat that year, duly changed the subject.It quickly became the best-selling business book in the United States, and Microsoft's Bill Gates has become a rare loyal fan of the book, and he believes that it is a must-read for all decision-makers and corporate employees.Friedman's Perspective and Simplicity: The Fall of the Berlin Wall, the Rise of the Internet, and the Open Source Movement Combined to Create a "Flat" Global Political, Economic, and Cultural Landscape Participate in money-making and opinion-building activities - as long as they have the skills, guts, and a broadband connection.Obviously, this extremely optimistic "Declaration on Globalization" makes people feel happy. Faced with such judgments, Americans and Chinese will read different feelings. The former thinks that they will conquer this "flat world", while the latter Then he confidently believes that he will move from the edge to "the center of the world that has been flattened."

On the road of rapid growth, the light of large state-owned companies is the most dazzling.Since the macro-control in the spring and summer of 2004, their monopoly position in resource-based fields has been consolidated unprecedentedly.If China's economic development is a big fruit tree full of apples, then they are undoubtedly the largest and the only harvesters listed on some lush branches.At the same time, with the promotion of the modern enterprise system, the capital marketization and competitiveness of these enterprises have also been strengthened.Since the establishment of the State-owned Assets Supervision and Administration Commission three years ago, the main business income of enterprises directly under the central government has increased by 78.8, with an average annual increase of 21.4; profits have increased by 140, with an average annual increase of 33.8;Now, they appear to be an "armada" that cannot be defeated.

Over the past year or so, global energy has been unprecedentedly tense, and international crude oil prices have risen from US$25 to more than US$50. increase. In 2004, Sinopec's net profit increased by 70% compared with the previous year. In 2005, it increased by 42% on this basis. It is expected that by 2006, it will increase by 28.08%.In 2005, PetroChina achieved a turnover of 5522.3 billion yuan, an increase of 39% over the previous year. The company became the most profitable machine in Asia with a net profit of 1333.6 billion yuan, surpassing the blue-chip leader of the Hong Kong Stock Exchange for many years - HSBC Holding and previously the most profitable enterprise in Asia, Japan's Toyota Motor. The reporter of "Southern Weekly" calculated an account in the article "PetroChina: How the Boss became the boss", "The main reason is the price. China's oil price follows the international price. And the international oil price continues to rise. What about the cost of mining?" Taking Xiaoqing Oilfield, an important town under PetroChina, as an example, the cost of exploitation per barrel is only US$6.86. It can be seen that PetroChina mainly earns money from oil resources. And oil resources, in theory, belong to all Chinese people .PetroChina has 116.2 billion barrels of proven oil reserves, and if calculated at $90 per barrel, its total value is about 7.8 trillion yuan.”

If Jia Hongjian's impression is correct, the price of crude oil futures will soar to 07 US dollars at the end of 90, and then it will continue to soar in 08, even reaching a maximum of 120 or 130 US dollars a barrel!However, the high oil price has nothing to do with Jia Hongjian. After the oil price reaches 90 US dollars, he will prepare to liquidate his holdings in PetroChina and Sinopec.But at such a time, another state-owned company that wanted to go public came to ask for alms—the ICBC came!This ICBC will be listed in Hong Kong and Shanghai at the end of the year. They came to ask Huaxia Hi-Tech if they are interested in acquiring some of their shares that are going to be publicly offered, and the amount of preparation is quite large this time-direct preparation ipo 190 billion US dollars!This data can directly refresh the highest record of global IPO!If Jia Hongjian's memory is correct, by July 2007, the market value of ICBC will reach 7 billion US dollars, surpassing Citibank, officially becoming the most powerful bank in the world!

...The most profitable company in Asia, the world's largest telecommunications company, and the world's largest bank, when these golden laurels fell to Chinese companies one by one, no one dared to question the strength of China's economy and the power of monopoly. In September, the latest survey results of the National Bureau of Statistics showed that nearly 9 trillion yuan of total assets of state-owned enterprise groups were concentrated in monopoly areas.In industries such as entertainment, computer services, and architectural decoration, there are no state-owned or state-holding enterprise groups.In some industries with a high degree of marketization and fierce competition, the proportion of state-owned and state-holding enterprise groups is relatively low, such as wood processing, clothing and construction and installation industries are less than 20, textile industry, agricultural and sideline product processing industry, plastic products Industry and chemical fiber manufacturing account for less than one-third.In the oil and gas extraction industry, telecommunications and other information transmission services, coal mining and washing industries, almost all of them are collectively occupied by state-owned and state-controlled enterprises.In key industries or fields related to the lifeline of the country's economy, such as the production and supply of electricity and heat, transportation, and transportation equipment manufacturing, the proportion of state-owned and state-controlled groups is also more than 10%.From 90 to 1998, the profits of state-owned enterprises rose steadily, and their profits increased from 2005 billion yuan to 213.7 billion yuan, an increase of 9047 times in just 7 years, and their cumulative profits exceeded 42.3 trillion yuan.From this point of view, the profit dilemma of state-owned enterprises has not only been completely resolved, but also shown unprecedented prosperity. r4