King of Ghosts Storytelling
1.) Met with a good wolf dog, and she fell in love.
Dogs with her sympathetic heart to probation wolf, and wolf as a dog does not change small dogs seem to see the hope. And he took with him to see her rabbit friend, for the rabbit to persuade her to an became good friends.
hard to take care of the wolf dog, give him clothes, to cook for him, and even helped his feet.
That year, pregnant dogs, wolves gradually fell upon housework, and wolves to escape the house, hanging out late in the day back. go up to the rabbit house.
that day, stopping by the wolf alone to rabbits never came back home. and she also lost the White Rabbit good friends.
This story tells us not to bit overestimating their own ability, is to change the nature of the wolf can not.
This story also tells us that friends are unreliable.
2.) a strongly opposed to the rabbit and the wolf with her friends, she thought that the wolf would hurt her, and persuaded a few rabbits, dogs will say they are jealous fear no more say, more exposure, she found it pretty good wolf, gradually fell in love with the wolf.
that day, the wolf moved to live in her house and her together.
them every day together, very happy, a friend advised the White Rabbit, this wolf unreliable, he does will betray you. can be white rabbit said, I believe he will not like me, we are sincere to each other.
friends, no matter how persuasion, rabbits are not ignored, she said, had to feel happy for both of us can be a.
then, the wolf species of rabbits every day, with carrots, cabbage, day was very happy.
slowly vegetarian wolf tired of this day day, often secretly in the woods RBI Yeshi .
that day, the wolf met a beautiful fox, he was intoxicated.
few days later, the wolf on the White Rabbit, I do not feel you, I love the fox.
this story Tell us, do not be too believe in yourself, the same tragedy repeat itself in your body.
This story also tells us that the wolf is not used to a vegetarian.
3.) met a wolf in the forest a beautiful fox, fox, his confession to the brave, the beautiful fox was a brave young man moved to accept the courtship of the wolf.
wolf completely attracted this beautiful girl, completely in love with her.
He learned to cook, learn to do laundry. he did he able to win a beautiful fox's favor, he did not hurt the former lover.
they married, marriage, becomes very wolf well-behaved well behaved, usually never go out all right, all at home, stay with the fox. Soon after, the fox pregnant, the wolf takes good care of the fox, for her pot of chicken soup, braised fish, home is a wolf he had the whole package. Maybe is older too big, not like before the exuberant energy; and perhaps he really loves foxes, and they want a child. He at home all day taking care of the fox, playing Yeshi has not thought about the idea.
pretty soon child was born, wolves happy, hold back a look, but it is cats.
angry wolf, the fox beat the meal, the fox told him, that is one-night stand and after the occurrence of the crystallization of the tiger, she said She likes the fierce tiger and the tiger's power and prestige, not the wolf so useless, the total days of nest in the home, that ambition is not.
This story tells us that goodness will become unfit to be bullied.
this the story also tells us that men have ambition.
Wednesday, December 29, 2010
Tuesday, December 28, 2010
And the different parts of feeling love my sister
Side soil support people around the girl as the nourishing soil naturally have a different feeling different. This race has a certain relationship, because the living environment of all the different ethnic ancestry have different sexual preferences, one in mystery gradually began to feel a personal need. I am here to do a brief introduction, in fact, in this world where there is the same thing?
women when men will accept the door wide open, under normal circumstances, the door is closed with, and I refer here to the vulva. so it is still advised caution about friends who raped a little bit, it is thankless thing! but there are special circumstances, Mongolia, the girl, the girl is more preferred Kazakhstan sexual abuse, they are By default the so-called men need a little bit of violence, like rape, as is feeling, as there is a conquest of the pleasure of men, and women pretending to be a resistance in the warm up and preparation. Inner Mongolia, the girl will normally a keen sense of the anterior vaginal point, slightly moving from the lower, there is moaning softly, as if to invite, really very deeply the top, but there is no sound, but it is clear this girl was Beach soft body. Mongolia people sustained orgasm ability to maintain a relatively durable. They show different under the different calls to be back, and finish up later, it was felt that she was a concern to you. and they will better feeling in my heart, do not explicitly tell you that there is one eye always care about you, like the painting, like Picasso.
I see A little piece of Japan, the women are mostly very painful The Ya Ya call, a kind of unspeakable sense of every joint. In fact, the actual process, although not as Westerners fierce than the Han Chinese to scream a little, then a doctor friend told me, and Han Chinese compared to those of national power to bear the pain friends a little bit weaker. to feel concerned, to be heavier taste of ethnic minorities, and some serious body odor, Sometimes instead of feeling to the depths, but this smell also feel very good news!
I felt a very deep love of the experience is sensed in Shanxi. It is a whole-life parties investment, both husband and wife form a powerful gas field together, so it feels very comfortable, I Ching speaks of , and Henan, the girl can take one step larger penis, they are generally easier after menstruation to orgasm, they feel inside a thick, very, very practical, to a climax when the need to meet the crazy It needs to.
Tibetan girl, it seems as if as many mainland beautiful, in fact, a woman full of flavor, not necessarily the ability to simply not the opponent. Moreover, if the surface is rough is very, very soft feel. and this is a relatively Xiang sister, and the surface seems very gentle, in fact, a very strong performance in bed, and will use his legs to trap directly to the man, and then to manipulate their own, men who will soon lose the initiative mostly finished, but some somehow, to experience the infinite beauty. They will bite, some will be pumping livestock; then they will not self-love. forbidden singing. Xiang sister's Aiye fish smell to be heavier. Chuanmei Zi Xiang sister and not the same as where is the body Chuanmei Zi to softer, but if they are easily mistaken climax wrong. I asked one to do the work of Ogawa sister sex, she said, how it will not feel it? Let us now turn right girl, Shandong, Shandong, the ability to breathe like a girl a little bit stronger, the tissue when added to warm to touch, Shandong girl is feeling!
southwest girl is another realm their performance in a with the above, as if to accommodate all the like. She's the climax of their internal chatter will be issued a short struggle, but also prefer to pass the vagina for a good rub, and they cry at high tide, Why I do not think clearly.
the southeast coast of Fujian girl, is breathing type, a breath, the vagina followed the move a bit. the lower part is very very soft, like a prop, like a soft cloth, water full, and sounds very soft. felt that the north-west, like oil, really big difference.
girl to the south is very different, the Hakka people of different local southerners, as quietly Lake water, need to do as slowly as soup, so the girls will be put into the climax, and climax when the action is not great, nor is it sounds great, but it feels good, there is a tough tough feeling.
finish here first, these things have to write it up.
women when men will accept the door wide open, under normal circumstances, the door is closed with, and I refer here to the vulva. so it is still advised caution about friends who raped a little bit, it is thankless thing! but there are special circumstances, Mongolia, the girl, the girl is more preferred Kazakhstan sexual abuse, they are By default the so-called men need a little bit of violence, like rape, as is feeling, as there is a conquest of the pleasure of men, and women pretending to be a resistance in the warm up and preparation. Inner Mongolia, the girl will normally a keen sense of the anterior vaginal point, slightly moving from the lower, there is moaning softly, as if to invite, really very deeply the top, but there is no sound, but it is clear this girl was Beach soft body. Mongolia people sustained orgasm ability to maintain a relatively durable. They show different under the different calls to be back, and finish up later, it was felt that she was a concern to you. and they will better feeling in my heart, do not explicitly tell you that there is one eye always care about you, like the painting, like Picasso.
I see A little piece of Japan, the women are mostly very painful The Ya Ya call, a kind of unspeakable sense of every joint. In fact, the actual process, although not as Westerners fierce than the Han Chinese to scream a little, then a doctor friend told me, and Han Chinese compared to those of national power to bear the pain friends a little bit weaker. to feel concerned, to be heavier taste of ethnic minorities, and some serious body odor, Sometimes instead of feeling to the depths, but this smell also feel very good news!
I felt a very deep love of the experience is sensed in Shanxi. It is a whole-life parties investment, both husband and wife form a powerful gas field together, so it feels very comfortable, I Ching speaks of , and Henan, the girl can take one step larger penis, they are generally easier after menstruation to orgasm, they feel inside a thick, very, very practical, to a climax when the need to meet the crazy It needs to.
Tibetan girl, it seems as if as many mainland beautiful, in fact, a woman full of flavor, not necessarily the ability to simply not the opponent. Moreover, if the surface is rough is very, very soft feel. and this is a relatively Xiang sister, and the surface seems very gentle, in fact, a very strong performance in bed, and will use his legs to trap directly to the man, and then to manipulate their own, men who will soon lose the initiative mostly finished, but some somehow, to experience the infinite beauty. They will bite, some will be pumping livestock; then they will not self-love. forbidden singing. Xiang sister's Aiye fish smell to be heavier. Chuanmei Zi Xiang sister and not the same as where is the body Chuanmei Zi to softer, but if they are easily mistaken climax wrong. I asked one to do the work of Ogawa sister sex, she said, how it will not feel it? Let us now turn right girl, Shandong, Shandong, the ability to breathe like a girl a little bit stronger, the tissue when added to warm to touch, Shandong girl is feeling!
southwest girl is another realm their performance in a with the above, as if to accommodate all the like. She's the climax of their internal chatter will be issued a short struggle, but also prefer to pass the vagina for a good rub, and they cry at high tide, Why I do not think clearly.
the southeast coast of Fujian girl, is breathing type, a breath, the vagina followed the move a bit. the lower part is very very soft, like a prop, like a soft cloth, water full, and sounds very soft. felt that the north-west, like oil, really big difference.
girl to the south is very different, the Hakka people of different local southerners, as quietly Lake water, need to do as slowly as soup, so the girls will be put into the climax, and climax when the action is not great, nor is it sounds great, but it feels good, there is a tough tough feeling.
finish here first, these things have to write it up.
Monday, December 27, 2010
Liang Chen Letter to Young Young China
Advise the youth to precocious
Chen
stolen, the language of the Chinese people have said; older Erwu decline (Keep young while growing old), the British, Americans are also relative to Xu the speech, which is also something related to the different ethnic, divergence of the end of tonight's phenomenon? youth, such as early spring, such as the Asahi, as all flowers of the bud, such as the cutting edge of new hair on the whetstone, the most valuable period of life also. youth in the community, like fresh new cells to the human body. metabolism Chen decadent losers out of the way ever-present in the natural, fresh and lively person with the position in space and time of life. Personal follow road to the metabolic health of the cell filled Chen defeated corrupt person is dead person; community metabolism of the road to compliance the Longsheng, Chen defeated the molecular decadent society is social death filled.
quasi Adams to talk about my state of society, Longsheng yeah? suppressing the death of Jesus? not to the forbearance of the speaker. He lost the molecular decay Chen, one of out of its natural, Ya do not want to such as the flow of years, a long with it that short track, hope the reborn also. I heard Suoyutiqi provided, however, is a fresh and lively look at the youth, to consciously and hard ears!
perceived by that? perceived value of their fresh and lively and responsibility, and self-regard can not be too humble. striver that? Fen their intelligence, ability to go to Pai Chen corrupt losers, depending on the enemy, if, if the scourge, not with the neighbors, but not for the transmission of bacteria is also toxic.
Alas! my country young people, the fruit can be language in this peace! I see the husband of young age, but ten of those aged five his body Yan; young people of their age or physical, and old age nine of ten of their brain by Yan. Hua their hair, Ze its capacity, direct the waist, wide the diaphragm, not as if young people have not; and want to knock their heads covered, the embrace of the , are all losers and Peter Chen for the same category decadent. The beginning is also something that is not fresh and lively, sleep off and defeated corrupt elements for the assimilation of Chen who has the; sleep false and corrupt Chen Wei defeated the forces of large molecules, according to Zhan Gu back, not daring to openly fight for the resistance of those stubborn hard, with them. filled the air society, no to abortion rather than the decadent Chen Yan, who find little of the fresh and lively, to comfort I choke despair, dark and quiet are also not available. < br> Sri Lanka through the phenomenon, the physical is death, the community will certainly fail. Yujiu disease, can not heave a deep sigh Zijie the economy is sensitive to perceived in one or two, the courage to fight the youth, play inherent human intelligence, the minds of all human choices, mm what is fresh and lively and the present struggle for existence, who for Chen decadent without shelter or placed in brain failure, mm razor broken iron, sharp knife Li Ma, will never be led to breach by the thought, since the degree of relieving people, social end for the day he has a rather clear also. youth peace! himself as who he has this almost? If Fuming its right and wrong for the choices, like Chen Yi six Fortunately, fair to the police of.
autonomy rather than
wait a slave people, have the right to own, no slave to the right of others, also have no obligation to slavery from the Department. slaves cloud who faint weak ancient wins for the rape of the cross, and lose its freedom rights are also known. Since the equality of human rights, said Xing, slave name, non-blood of the bear. World Modern European History, said the the liberation of him; are produced, said Hing, also seeking the liberation of economy; Women's Suffrage Movement, is also seeking the liberation of men and rights.
liberation of those clouds, from the fetters of the slave husband in order to complete their own personal freedom that also. I have a sibling, from seeking food and clothing; I have a tongue, Self likes and dislikes; I thought, since Chongsuo Xin; not recognize others Yuezu, but I should not be the main slave to others; cover themselves as more independent personality, and all conduct, all right, all beliefs, only take orders from their own inherent intelligence, blind obedience is absolutely no reason under the others. non-natural persons, filial piety and righteousness, the Slave morality (Nietzsche German〕 〔Big Jenie not adopted for the two types of moral : independent heart of moral nobility and courage Zheyue Morality of Noble〕 〔, humility and obedience Zheyue slave morality〕 〔Morality of Slave); light punishment thin Fu, Slave happiness; praise good deeds, the article also slaves; worship Jazz given first, the glory of slaves also; monument high tomb, the Slave monuments are; its non-honor and obedience to others, not to itself as the standard, then the personality of individual independence, equality, elimination of non-existence, all its good and bad behavior, potential not the will of course appeal to the merits of its own; that of slaves, who can complain? Lide meritorious service, the first when identified this.
progress rather than conservative
Life is like riding a boat behind, China The common saying also. Since the fundamental law of the universe, words, flowers will not, no date is not in the way of evolution, Wan Li of non-conservative status quo; special to see the arrest led folk, that there are two border, the French contemporary big Zhe Boge Sen (H. Bergson) of has; survival of a few, you can see reverse. moreover in my country, big dreams do not sleep, stand still, the essence of the political and religious articles, coarse cloth of fire and water, and both dwarf ugly song clumsy, but with when the world Zhengheng?
Jufan the fallacy of Cruelty murderous, the rate of levy of so training can not be described as framed absurd spread, not at the beginning from this! inherent ethical, legal, academic, customs, without leaving a non-feudal system of holding more species Xi of which is to the people and the world, and thinking of poor late, and a few golden; respect for the historic round-the DPRK, not for the improvement graph, then drive my people in the outside world of the twentieth century, the slaves, beasts of burden is satisfied dark ditch it, re-Ho said indeed! this in terms of conservative, honest I do not know why the system of heritage items, can be applied to live in this world. I rather endure the demise of the last national essence, but could not bear the present and the future of the nation, not to survive the world normalized cut off too.
Alas! Babylonians to the men, and how the effectiveness of its civilization there not? And with it all entrants will be reflected in its dispute over the environment does not exist, has been deflected out of the ear go natural, conservative cloud Talking!
ahead rather than to retire from the wicked when ran into this when have twelve people in from the good, clean body to retire, so why not Xishi Yide. However, trying to use into the customs of the people invited to every success in the further. fu competition for survival, the potential of the inevitable, while we breathe, that is, without defensive back safety The hidden room. ranked extremely difficult and forward, is the duty of life. good solution to it, retired as an expert trip birth; solution to the malicious, retired the phenomenon of competition is not for the weak. European customs to cross before the Li-free Germany, Asia, the leisurely tranquil and wind for the United States, the reasons for the strength of what nation, Sri Lanka one carry on. The doctrine of fundamental shortcomings retire.
Ruofu custom of my country, learning the dejected: Gou take fortune who is not on The number of columns; from good people in Greece and the sound hidden perish, food grain Yibo, no good in the world, head of the World to Masato celebrities, real and You lazy no choice also. people dirty muddy, not to remedy These types vary , and to the national anti-wind, plant production of the study, earmarked for the chop. man is born, should overcome the evil society, and society can not be conquered by evil; should go beyond the evil society, struggling into the adventure of the soldiers, and can not escape through the evil society, the wish for leisurely retreat. Alas! Europa cavalry, into thy room men, where clouds will Gaowo also? I would like for the youth of the hole, ink, rather than that it is the nest by; I would like young people it as Tolstoy and of Danger (R. Tagore, Indian poet, recluse), not if it is Columbus and security re-root!
lock countries rather than the world and my country to keep
earth who stand , the size of more than forty countries, half and I have strong trade dealings with Taipei. combined land and sea transportation, day and night thousands of miles, the ancient, so-called absolute country, regard it, if this Court in the household. Jufan economic and political status of a country subject to change the impact rate is in the world, nothing less than the body can affect the situation. founding in today's world, the Rise and Fall of survival, depending on the country's internal affairs are half of those in foreign countries are also semi-Hang Yan. to my country on evidence of recent : Japan's rise, in order to promote reform of the Bureau of my revolution; European war, Japan is a request of me; this non its Akira Akira those others? vote trend toward a country in the world, Benedict old who rate their peril solid, good changes were due to anti-competitive into.
My Country from the sea since the words from the pessimists, lost payments, national cable station; from the optimism speaking, if no Jiawu Boxer twice the Gospel, still fresh in stereotyped Unai era. home today in terms of locking the country retreat of the policy, bandits alone can not, will and potential of the disadvantaged. Wanbang side by side, frequently related, regardless of their country if He Fuqiang, also can not ignore the external conditions, from the atmosphere. countries in the system artifacts, although do not make the same form, but do not think flooding the country in peril, their common principles to follow the spirit, become more consistent, the trend could be done and Mo can be countered. this particular historical situation and the implementation is said to Ji against this trend, the country is worse than the spirit of the lock, without the intellectual world. people without knowledge of the world, why the survival of their country will be among the world? a saying: ; repairer who today are not only close the doors, and trying to use rather than the virtual text
from John Stuart Mill (JSMill) , as one of the changes. Daxing recent German science, material, made by his pole, the system the people, whom then changed. Jufan the camp of politics, education of the period, the trend of literary techniques, Kazuma Benz, all gathered used in one of Welfare way. all without benefit of virtual paper fantasy in real life who spurn away. contemporary big philosophy, if the Japanese roots of Germany (R. Eucken), if the French of Henri Bergson, although not to the present material prepared for the United States, salty life enshrined (in English, saying Life, German said Leben, French said La vie) problem, Liyan it all. Life Divine, is to the war, blood-stained banner of its distinctive. Europeans fantasy virtual culture Dream, is set to consciousness exhaustive.
Fuli with Ministry of Health, Sung Hyun virtual reality and thin, the custom of my country primitive; and today's social system, people thought, learned from the week, from the Han Dynasty, mm week Li advocating virtual text, but hundreds of Chinese and the deposed Honoring Confucianism. mm Zhao Norm of the hanging, the people of the imperative to, are all contrary to social reality. Without Gai Xian Zhang and more, the national power by the Mo Zhaosu, social no peace. Sitian God save flood and drought, chanting cloth Su dung. things of no benefit if the individual or social in real life who are virtual paper also, lie business of the people also. deceive everybody's business, although the ancestors of the legacy, the Chuijiao sage, promoted by government, society advocates, are worthless too!
science rather than scientists have imagined
what? I the concept of things, comprehensive and objective of the phenomenon, the appeal to subjective rationality, without contradiction that also. Imagine who that? both detached and objective phenomenon, and re-abandon the subjective reason, out of thin air structure, have assumed without evidence, can not have the wisdom of human spirit, its reasons, said the rules were too. ignorance of the world in the past, today Discussion of the people, there is no scientific imagination. Religious Essay, are the product of imagination era. The reason why modern Europe were superior to other races, science Xing, its function is not human rights, said, if the journey of a two Yan. today and with each passing day that whenever the issue of Xing, a thing of small, ignored the rules of science do not appeal the order to set the gains and losses from the breach; its effect will cloud the minds of world, a rational compliance, and cut Yan superstition, and ignorance to make any rash of winds of Yan.
off the darkness of the people and wish to, shame for the light of the people also, then catch up, when both the scientific and human rights. who do not know science, so the passage of the five elements of the School of Furui said, puzzled the world falsely China , to air feng shui talk, invoking bones. farmers do not know science, so that none of the patients selected species to insects. workers do not know science, it is dumped goods, the trouble with the required combat, one by one saith to the exotic. operators do not know science Therefore, knowledge indiscriminately but to take short term profits, the future odds, in no heart Yan. doctors do not know science, not only understand the physical structure, re-analysis of effects of the medicine does not matter, toxic bacteria infection, but no smell Yan; but know that will be attached to the Five Elements of Health grams of yin and yang of cold and heat, said the passage of the Cuban side to cast bait, the technique is useless and the vector were the same family; the imagination of the most amazing person, nurturing over the cable universe, sincerely I do not know this to resort to confirm that arbitrarily draw the line than the imagination, and its degree of sincerity step slow, however, its practical step to both, those who do not fly if the illusion of conflict without end-inch into the well. infinite universe of common sense, science to be within the territory of Gao Yu provision of those are from the broad. young mien Talking!
(Published in September 15th, 1915, Liang said China
February 1900 I called the Japanese
China, a Zeyue old empire, and then Zeyue old empire. is the language also, who covered the passage translated the words of Osiris also. Alas! I carry almost the Chinese boss of its fruit? any of the public said: evil! is what made! is what made! I have in mind a juvenile China.
condemned racism and injustice country young and old, who first made the young and old. old people often look past, young men often think in the future. but think past also, so students nostalgia heart; but ahead to the future also, so students want to heart. but nostalgia is also, so conservative; but hope also, so aggressive. but also conservative, so Yong-old; but enterprising too, so renewed. but think past also, they have everything all who know it but as usual; but think the future, everything they are not who dare Guchang exception. Older people more worried, very, very good young man, seize the day. but more should be worried, it is discouraged; but pleasures also, it is Sheng Qi. but discouraged too, so timid; but Sheng Qi is also, so heroic. but also cowardly, so carelessly; but also heroic, So take risks. but struggling also, and it could destroy the world; but also risk, it can make the world. Older people tired of things, young men often happy event. but also tired of things, Guchang who still have a feeling everything; but good things, Guchang feel everything is not as those without. the elderly, such as sunset, the young men such as the sun. the elderly, such as lean beef, young person such as milk tiger. elderly people such as monks, young person such as the Xia. the elderly such as dictionaries, the elderly, such as Opera Man . the elderly, such as opium, young person such as pouring brandy wine. the elderly, such as other planets of the meteorite, the young men such as the ocean sea coral island. the elderly, such as the pyramids of Egypt desert, the young men such as Xibiliya of the railway. elderly such as the autumn of willow, young person such as the spring before the grass. elderly Ze such as the Dead Sea is the retention, young person such as the beginning of the Yangtze River originates. The character of the elderly and the young man is also different from the rough. Any company said: who the inherent , then the country should be matched.
any of the public said: injury, holy, the boss also! Xunyang Egami pipa women, when the moon around the ship, the maple leaf whistle, quilt cold in the iron, a dream not a dream when the dust of flowers, recollected in Luoyang Moon of the good fun. Nishinomiya South, the white hair Gong E, a lamp, such as ear, thirty-five pairs sit, talk Kaiyuan, between Tianbao Memorabilia, spectrum, , Hou Yi Lu, Haizhu door like hybrid blend of events. Napoleon and his ilk in Ecuador contempt, A flight of the quiet assassination of Ceylon, and thirty-two probation officials, or had visited the hearts softened, Zhongyuan Road, then ride the horse knife that swept Europe, the bloody sea floor, soon became well-known, fear of the rich nations power Weilie earthquake, the beginning of the stroke the table, and then ask thigh, to eventually embrace mirror. Alas, surface cracked teeth do, Bai Faying to, slumped old men! If those outside of homes without melancholy feelings, care-free world the tragic place; homes without deserting our ideas beyond the sun and the moon, outside of homes without sighing voice; homes to be no other than the cause of death. hero and natural beauty, and unusual conditions were mediocre yeah ? life friends and relatives, are in fair tomb; daily diet, stand in person. today and over, not to mention the future know? this year and had, not to mention the shirt next year? discouraged short breath the whole world of things, not even the oldest person. this people, and desire to Nayun the means, back to the days of the Utility, relying on mountains over the sea of emotion, could almost not?
Alas! I carry almost the Chinese boss of its fruit? stand almost to that in former times today, Tang Yu three generations, Ruohe of Zhi governance; Qin Emperor, Ruohe the male kit; the Han and Tang to the literature, Ruohe the Longsheng; Kangxi between martial arts, Ruohe of somebody in. historian narration, the word chapter house of the Acura, where a not my national youth moments of beauty, the thing of the past enjoyable indeed! now slumped old men! cut five cities yesterday, tomorrow, cutting ten city mice do birds everywhere, every night just a few kilometers scared. eighteen provinces of the land property, have been bosom of human flesh; Fast of the father and brother four children, had been the slaves of man Note membership, not at the so-called people Mingwei light, the DPRK does not consider evening. States to be dead the country, one people died of the people to be. Everything is paid do nothing, people make fun of all virtue, but also mention the strange!
any of the public said: My China, its If the boss carry on peace? is a big problem today is also one of the whole earth. as its boss also, it is the country of China in the past, that the earth has this country the past, now gradually disappear, the fate of the Scots will do in future also. Non-boss as it is also, it is the country for the future of China, that the earth is this country is not past, now gradually developed, the future of the future and the party are long. Yuduan China today for the boss not? for the young Jesus? is not is not the first that sovereign, to obey, everyone is sovereign, everyone is obedient. husband and if so, that the full establishment of the Andean country. have been fully established on the earth of the country also, since for centuries also. fully established who the prime of life things too. has not been fully established and progressive in the full establishment of those things too young. So I have a word to break, saying: the nations of Europe as the prime of his life in the country today, and I was young Chinese in the country today.
the husband wonders of ancient China, who, despite the name of the country, while the shape is also unsuccessfully country. or for the family of the country, or chiefs of the country, or the feudal lords of the country, or country of a despotic king. Although the different species, to of its constitution in countries also have their one and missing the one. As the baby from the embryos and until as children, one of two official support his body, first grow, in addition to the crude tools of all though, then failed to lent use it. so the embryo before the era of Tang Yu, Yin and Shang Dynasties era for the Rubu by Confucius as the boy from The Times today. gradually developed, and now are beginning to enter into a child over juvenile industry Yan. The long- Therefore, if the later into those, the history of the traitor who had stifled their life also. Pi still sickly childhood, conversion in the old state, or suspect their dates of death is coming, and Yan, but I do not know is not true for the completion rests. non- of that past, and future that also.
China in former times, and I, not at a national holy taste? However, there is court ears! I Huangdi Zi Sun, living together, both those who stand upon this earth for thousands of years, and asked why the name of their country, there is also no. husband called Tang, Yu, Xia, Shang, Zhou, Qin, Han, Wei, Jin, Song, Qi, Liang, Chen, Sui, Tang, Song, Yuan, Ming and Qing who are all towards the name of the ear. DPRK also those of the family private property also. countries also are the people of the public property as well. DPRK have towards the young and old, state-nation young and old. DPRK and the National both foreign body, it can not be towards the young and old, and that for the country of young and old tomorrow carry on. Wen, Wu, Cheng, Kang, Zhou of the youth also. You, Li, Hwan, blush, then the old era. high, Wen, Jing, Wu, Han of the youth also. Yuan, Ping, Huan, and spirit, then the old era. Since I dynasties, everyone has it. The above activities of those that a court can be a veteran, as a country that is not too old. A court of the old and dead, Utah One of the old and died, in my so-called China by Ho and Yan. What, then, my China, ex-this has not yet appeared in the world, now is the beginning of embryonic cloud Seoul. heaven big men, and the future of the Liao carry on. Beautiful, I'm young Chinese peace! Ma chi
Nepal who is also Italy, three heroes of Quebec. the affairs of state by sin, to flee a foreign land. is the creation of a will, it is called recovery of old objects, so that one of male bonding in Europe, Italy. husband Italy, the European countries also the first boss. Since the death of Rome, the land belonged to the Pope, attributed to the Austrian government is useless so-called old and carry on the verge of the deceased. derived a Mary Chi Nepal, and can give the youth of the country, China is indeed the status of my youth who yeah! imposing four hundred states of land, stern four hundred trillion of national, not at then none of the people who Niger Ma Chi! < br> There is a poem set Gong Zizhen's the chapter that said I knew the country a national youth also, Sinai juvenile carry on. Western saying there, saying: effort that the rise and fall among them. I see the almost Ma Chi Nepal also make the country boy, I see also almost the official People's Idea of the country make the boss too. I do fear! husband with such a magnificent masterpiece of elegant young rich China, while the Kaneohe Japanese boss who called me, why? Zeyi hold national rights of the people by key decrepit. Oh, a few years of non-stereotyped, non-White to write a few decades off, when several years of non-poor, to suffer a few non- years of pension for decades Shouben non-delivery, non-singing for decades Well, not knock dozens of years, non-requested security for decades, it certainly does not have an official, into the post. The office of State II above within and outside Supervision Department any more than a hundred people, their facial features were not prepared, Almost ninety sixty-seven people. Non-blindness is deaf, non-tremor is enough lame, or paralyzed too. He is the one eating walking audio-visual speech, is still unable to self, and to be around three or four of the catch of Rotary, is able to get by, here and Naiyu responsibility of the state, and is leaving He Yi Li numerous puppet governing mankind! and there they were, since the time of their young Now that I do not know Asia, Europa is where the place is that emperor Han Zutang cases, still too stupid to corruption at the end of its attain their utmost, they will rub wear it, cultivate it, wait until the brain has dried up, blood vessels have been stuffed, Qixiyanyan, and when the ghosts are neighbors, then two miles of my mountains and rivers, four hundred million human lives, in one fell swoop and give her their hands. Alas! old empire, Cheng Zai their boss too! Erbi generation who plot their decades stereotyped, white folding, when the poor and suffering from pensions, Shouben, singing commitments, bowed, asked the, hardships, thousands of bitter million Xin, may only the red roof is the clothing color flower Ling, nave adults of the name, is out of the fully the spirit of doing its life force to keep it. evicting a beggar picked up one gold, although Hong Lei circling the top, but his hands still clinging to their wallets, not the care of his things are, not known to have, not the Wen also. this is also advertised in national subjugation and divide up also, he is to listen to the Ukraine, and Uzbekistan to faith! even if the fruit is dead, the fruit sub-men, and while I carry this year, seventy, eighty men, but for the first two During the year, foreigners do not come, robbers can not afford to, I have had the I, happy now! if forced to, then cut three provinces, Feng Shen Hejing land, in exchange for some of my Yamen; sell for three millions of people's servants as slaves, to me a ransom his life, why not? What is difficult? Alas! today the so-called old, the veteran, veteran, old officials who rule the world of its cultivation the means of regulating the family, respective fields so carry on. westerlies night reminder old people and ends with the white end of the force is possible. to take the impermanence of a doctor, carrying straw to venerate Jiehutongzai! as for the country, is An Debu old and die, and I fear it has no time mourning the age.
Liang said: those caused by today's China boss, then the injustice of Chinese industry is decrepit; system of the future of the young Chinese who are the responsibility of Chinese youth. He who mention the decrepit road, unless he and the date of this World not far wrong, but my youth is a new edge with the world is. If those who hire house of course, tomorrow he will be moved to the other party, and I enter this room today at the beginning, will move to who does not love the window cage, dirty governance The court veranda, laity constant conditions, but also mention the strange. If I were young before the Chenghao Hao, looking back the vast, China and the cattle, the horse, as slaves, for the scribe, the text of the atrocious cooking whip skinny, but my youth When the; China, such as buildings or dominate, the main Earth Alliance, the commanding stare of honor, but I enjoy the youth. Consists Qixiyanyan, what with the ghosts who are neighbors and Yan? He and indifference, still speak of him; indifferent to me, can not be expressed. the whole country of young and fruit for the young also, China is the future of my country, its progress has yet to know the amount; so young and also the boss of the whole country has, then I was in the past in China of the country, its exhaust death can Alice feet and to be also. Wisdom is, and not others, but all in my youth. Junior countries, wisdom, young rich, the country rich, young strong, the country, youth independence, the country independent, young liberty national liberty, progress, the country progress in youth, young is better than Europe, the country is better than Europe, the juvenile male on Earth, Earth male countries. red sun rising, the greater light; River out of underground stream, a sea of diarrhea; Dragon Yuan Qian, Lin Zhao flying; milk Tigers Valley, beasts earthquake anxiety; falcon test wing, dust suction Zhang; exquisite first child, propitious propitious Huang Huang; Gan made whetstone, has for its Mount; days of wearing the dark green, to fulfill Its yellow; even if we have through the ages, there is history and a glorious cross; future like the sea, to Japan, longer. Beautiful, I Young China, and the days are not old! strong, holy, I am Chinese boy, and the National boundless!
Chen
stolen, the language of the Chinese people have said; older Erwu decline (Keep young while growing old), the British, Americans are also relative to Xu the speech, which is also something related to the different ethnic, divergence of the end of tonight's phenomenon? youth, such as early spring, such as the Asahi, as all flowers of the bud, such as the cutting edge of new hair on the whetstone, the most valuable period of life also. youth in the community, like fresh new cells to the human body. metabolism Chen decadent losers out of the way ever-present in the natural, fresh and lively person with the position in space and time of life. Personal follow road to the metabolic health of the cell filled Chen defeated corrupt person is dead person; community metabolism of the road to compliance the Longsheng, Chen defeated the molecular decadent society is social death filled.
quasi Adams to talk about my state of society, Longsheng yeah? suppressing the death of Jesus? not to the forbearance of the speaker. He lost the molecular decay Chen, one of out of its natural, Ya do not want to such as the flow of years, a long with it that short track, hope the reborn also. I heard Suoyutiqi provided, however, is a fresh and lively look at the youth, to consciously and hard ears!
perceived by that? perceived value of their fresh and lively and responsibility, and self-regard can not be too humble. striver that? Fen their intelligence, ability to go to Pai Chen corrupt losers, depending on the enemy, if, if the scourge, not with the neighbors, but not for the transmission of bacteria is also toxic.
Alas! my country young people, the fruit can be language in this peace! I see the husband of young age, but ten of those aged five his body Yan; young people of their age or physical, and old age nine of ten of their brain by Yan. Hua their hair, Ze its capacity, direct the waist, wide the diaphragm, not as if young people have not; and want to knock their heads covered, the embrace of the , are all losers and Peter Chen for the same category decadent. The beginning is also something that is not fresh and lively, sleep off and defeated corrupt elements for the assimilation of Chen who has the; sleep false and corrupt Chen Wei defeated the forces of large molecules, according to Zhan Gu back, not daring to openly fight for the resistance of those stubborn hard, with them. filled the air society, no to abortion rather than the decadent Chen Yan, who find little of the fresh and lively, to comfort I choke despair, dark and quiet are also not available. < br> Sri Lanka through the phenomenon, the physical is death, the community will certainly fail. Yujiu disease, can not heave a deep sigh Zijie the economy is sensitive to perceived in one or two, the courage to fight the youth, play inherent human intelligence, the minds of all human choices, mm what is fresh and lively and the present struggle for existence, who for Chen decadent without shelter or placed in brain failure, mm razor broken iron, sharp knife Li Ma, will never be led to breach by the thought, since the degree of relieving people, social end for the day he has a rather clear also. youth peace! himself as who he has this almost? If Fuming its right and wrong for the choices, like Chen Yi six Fortunately, fair to the police of.
autonomy rather than
wait a slave people, have the right to own, no slave to the right of others, also have no obligation to slavery from the Department. slaves cloud who faint weak ancient wins for the rape of the cross, and lose its freedom rights are also known. Since the equality of human rights, said Xing, slave name, non-blood of the bear. World Modern European History, said the the liberation of him; are produced, said Hing, also seeking the liberation of economy; Women's Suffrage Movement, is also seeking the liberation of men and rights.
liberation of those clouds, from the fetters of the slave husband in order to complete their own personal freedom that also. I have a sibling, from seeking food and clothing; I have a tongue, Self likes and dislikes; I thought, since Chongsuo Xin; not recognize others Yuezu, but I should not be the main slave to others; cover themselves as more independent personality, and all conduct, all right, all beliefs, only take orders from their own inherent intelligence, blind obedience is absolutely no reason under the others. non-natural persons, filial piety and righteousness, the Slave morality (Nietzsche German〕 〔Big Jenie not adopted for the two types of moral : independent heart of moral nobility and courage Zheyue Morality of Noble〕 〔, humility and obedience Zheyue slave morality〕 〔Morality of Slave); light punishment thin Fu, Slave happiness; praise good deeds, the article also slaves; worship Jazz given first, the glory of slaves also; monument high tomb, the Slave monuments are; its non-honor and obedience to others, not to itself as the standard, then the personality of individual independence, equality, elimination of non-existence, all its good and bad behavior, potential not the will of course appeal to the merits of its own; that of slaves, who can complain? Lide meritorious service, the first when identified this.
progress rather than conservative
Life is like riding a boat behind, China The common saying also. Since the fundamental law of the universe, words, flowers will not, no date is not in the way of evolution, Wan Li of non-conservative status quo; special to see the arrest led folk, that there are two border, the French contemporary big Zhe Boge Sen (H. Bergson) of has; survival of a few, you can see reverse. moreover in my country, big dreams do not sleep, stand still, the essence of the political and religious articles, coarse cloth of fire and water, and both dwarf ugly song clumsy, but with when the world Zhengheng?
Jufan the fallacy of Cruelty murderous, the rate of levy of so training can not be described as framed absurd spread, not at the beginning from this! inherent ethical, legal, academic, customs, without leaving a non-feudal system of holding more species Xi of which is to the people and the world, and thinking of poor late, and a few golden; respect for the historic round-the DPRK, not for the improvement graph, then drive my people in the outside world of the twentieth century, the slaves, beasts of burden is satisfied dark ditch it, re-Ho said indeed! this in terms of conservative, honest I do not know why the system of heritage items, can be applied to live in this world. I rather endure the demise of the last national essence, but could not bear the present and the future of the nation, not to survive the world normalized cut off too.
Alas! Babylonians to the men, and how the effectiveness of its civilization there not? And with it all entrants will be reflected in its dispute over the environment does not exist, has been deflected out of the ear go natural, conservative cloud Talking!
ahead rather than to retire from the wicked when ran into this when have twelve people in from the good, clean body to retire, so why not Xishi Yide. However, trying to use into the customs of the people invited to every success in the further. fu competition for survival, the potential of the inevitable, while we breathe, that is, without defensive back safety The hidden room. ranked extremely difficult and forward, is the duty of life. good solution to it, retired as an expert trip birth; solution to the malicious, retired the phenomenon of competition is not for the weak. European customs to cross before the Li-free Germany, Asia, the leisurely tranquil and wind for the United States, the reasons for the strength of what nation, Sri Lanka one carry on. The doctrine of fundamental shortcomings retire.
Ruofu custom of my country, learning the dejected: Gou take fortune who is not on The number of columns; from good people in Greece and the sound hidden perish, food grain Yibo, no good in the world, head of the World to Masato celebrities, real and You lazy no choice also. people dirty muddy, not to remedy These types vary , and to the national anti-wind, plant production of the study, earmarked for the chop. man is born, should overcome the evil society, and society can not be conquered by evil; should go beyond the evil society, struggling into the adventure of the soldiers, and can not escape through the evil society, the wish for leisurely retreat. Alas! Europa cavalry, into thy room men, where clouds will Gaowo also? I would like for the youth of the hole, ink, rather than that it is the nest by; I would like young people it as Tolstoy and of Danger (R. Tagore, Indian poet, recluse), not if it is Columbus and security re-root!
lock countries rather than the world and my country to keep
earth who stand , the size of more than forty countries, half and I have strong trade dealings with Taipei. combined land and sea transportation, day and night thousands of miles, the ancient, so-called absolute country, regard it, if this Court in the household. Jufan economic and political status of a country subject to change the impact rate is in the world, nothing less than the body can affect the situation. founding in today's world, the Rise and Fall of survival, depending on the country's internal affairs are half of those in foreign countries are also semi-Hang Yan. to my country on evidence of recent : Japan's rise, in order to promote reform of the Bureau of my revolution; European war, Japan is a request of me; this non its Akira Akira those others? vote trend toward a country in the world, Benedict old who rate their peril solid, good changes were due to anti-competitive into.
My Country from the sea since the words from the pessimists, lost payments, national cable station; from the optimism speaking, if no Jiawu Boxer twice the Gospel, still fresh in stereotyped Unai era. home today in terms of locking the country retreat of the policy, bandits alone can not, will and potential of the disadvantaged. Wanbang side by side, frequently related, regardless of their country if He Fuqiang, also can not ignore the external conditions, from the atmosphere. countries in the system artifacts, although do not make the same form, but do not think flooding the country in peril, their common principles to follow the spirit, become more consistent, the trend could be done and Mo can be countered. this particular historical situation and the implementation is said to Ji against this trend, the country is worse than the spirit of the lock, without the intellectual world. people without knowledge of the world, why the survival of their country will be among the world? a saying: ; repairer who today are not only close the doors, and trying to use rather than the virtual text
from John Stuart Mill (JSMill) , as one of the changes. Daxing recent German science, material, made by his pole, the system the people, whom then changed. Jufan the camp of politics, education of the period, the trend of literary techniques, Kazuma Benz, all gathered used in one of Welfare way. all without benefit of virtual paper fantasy in real life who spurn away. contemporary big philosophy, if the Japanese roots of Germany (R. Eucken), if the French of Henri Bergson, although not to the present material prepared for the United States, salty life enshrined (in English, saying Life, German said Leben, French said La vie) problem, Liyan it all. Life Divine, is to the war, blood-stained banner of its distinctive. Europeans fantasy virtual culture Dream, is set to consciousness exhaustive.
Fuli with Ministry of Health, Sung Hyun virtual reality and thin, the custom of my country primitive; and today's social system, people thought, learned from the week, from the Han Dynasty, mm week Li advocating virtual text, but hundreds of Chinese and the deposed Honoring Confucianism. mm Zhao Norm of the hanging, the people of the imperative to, are all contrary to social reality. Without Gai Xian Zhang and more, the national power by the Mo Zhaosu, social no peace. Sitian God save flood and drought, chanting cloth Su dung. things of no benefit if the individual or social in real life who are virtual paper also, lie business of the people also. deceive everybody's business, although the ancestors of the legacy, the Chuijiao sage, promoted by government, society advocates, are worthless too!
science rather than scientists have imagined
what? I the concept of things, comprehensive and objective of the phenomenon, the appeal to subjective rationality, without contradiction that also. Imagine who that? both detached and objective phenomenon, and re-abandon the subjective reason, out of thin air structure, have assumed without evidence, can not have the wisdom of human spirit, its reasons, said the rules were too. ignorance of the world in the past, today Discussion of the people, there is no scientific imagination. Religious Essay, are the product of imagination era. The reason why modern Europe were superior to other races, science Xing, its function is not human rights, said, if the journey of a two Yan. today and with each passing day that whenever the issue of Xing, a thing of small, ignored the rules of science do not appeal the order to set the gains and losses from the breach; its effect will cloud the minds of world, a rational compliance, and cut Yan superstition, and ignorance to make any rash of winds of Yan.
off the darkness of the people and wish to, shame for the light of the people also, then catch up, when both the scientific and human rights. who do not know science, so the passage of the five elements of the School of Furui said, puzzled the world falsely China , to air feng shui talk, invoking bones. farmers do not know science, so that none of the patients selected species to insects. workers do not know science, it is dumped goods, the trouble with the required combat, one by one saith to the exotic. operators do not know science Therefore, knowledge indiscriminately but to take short term profits, the future odds, in no heart Yan. doctors do not know science, not only understand the physical structure, re-analysis of effects of the medicine does not matter, toxic bacteria infection, but no smell Yan; but know that will be attached to the Five Elements of Health grams of yin and yang of cold and heat, said the passage of the Cuban side to cast bait, the technique is useless and the vector were the same family; the imagination of the most amazing person, nurturing over the cable universe, sincerely I do not know this to resort to confirm that arbitrarily draw the line than the imagination, and its degree of sincerity step slow, however, its practical step to both, those who do not fly if the illusion of conflict without end-inch into the well. infinite universe of common sense, science to be within the territory of Gao Yu provision of those are from the broad. young mien Talking!
(Published in September 15th, 1915, Liang said China
February 1900 I called the Japanese
China, a Zeyue old empire, and then Zeyue old empire. is the language also, who covered the passage translated the words of Osiris also. Alas! I carry almost the Chinese boss of its fruit? any of the public said: evil! is what made! is what made! I have in mind a juvenile China.
condemned racism and injustice country young and old, who first made the young and old. old people often look past, young men often think in the future. but think past also, so students nostalgia heart; but ahead to the future also, so students want to heart. but nostalgia is also, so conservative; but hope also, so aggressive. but also conservative, so Yong-old; but enterprising too, so renewed. but think past also, they have everything all who know it but as usual; but think the future, everything they are not who dare Guchang exception. Older people more worried, very, very good young man, seize the day. but more should be worried, it is discouraged; but pleasures also, it is Sheng Qi. but discouraged too, so timid; but Sheng Qi is also, so heroic. but also cowardly, so carelessly; but also heroic, So take risks. but struggling also, and it could destroy the world; but also risk, it can make the world. Older people tired of things, young men often happy event. but also tired of things, Guchang who still have a feeling everything; but good things, Guchang feel everything is not as those without. the elderly, such as sunset, the young men such as the sun. the elderly, such as lean beef, young person such as milk tiger. elderly people such as monks, young person such as the Xia. the elderly such as dictionaries, the elderly, such as Opera Man . the elderly, such as opium, young person such as pouring brandy wine. the elderly, such as other planets of the meteorite, the young men such as the ocean sea coral island. the elderly, such as the pyramids of Egypt desert, the young men such as Xibiliya of the railway. elderly such as the autumn of willow, young person such as the spring before the grass. elderly Ze such as the Dead Sea is the retention, young person such as the beginning of the Yangtze River originates. The character of the elderly and the young man is also different from the rough. Any company said: who the inherent , then the country should be matched.
any of the public said: injury, holy, the boss also! Xunyang Egami pipa women, when the moon around the ship, the maple leaf whistle, quilt cold in the iron, a dream not a dream when the dust of flowers, recollected in Luoyang Moon of the good fun. Nishinomiya South, the white hair Gong E, a lamp, such as ear, thirty-five pairs sit, talk Kaiyuan, between Tianbao Memorabilia, spectrum, , Hou Yi Lu, Haizhu door like hybrid blend of events. Napoleon and his ilk in Ecuador contempt, A flight of the quiet assassination of Ceylon, and thirty-two probation officials, or had visited the hearts softened, Zhongyuan Road, then ride the horse knife that swept Europe, the bloody sea floor, soon became well-known, fear of the rich nations power Weilie earthquake, the beginning of the stroke the table, and then ask thigh, to eventually embrace mirror. Alas, surface cracked teeth do, Bai Faying to, slumped old men! If those outside of homes without melancholy feelings, care-free world the tragic place; homes without deserting our ideas beyond the sun and the moon, outside of homes without sighing voice; homes to be no other than the cause of death. hero and natural beauty, and unusual conditions were mediocre yeah ? life friends and relatives, are in fair tomb; daily diet, stand in person. today and over, not to mention the future know? this year and had, not to mention the shirt next year? discouraged short breath the whole world of things, not even the oldest person. this people, and desire to Nayun the means, back to the days of the Utility, relying on mountains over the sea of emotion, could almost not?
Alas! I carry almost the Chinese boss of its fruit? stand almost to that in former times today, Tang Yu three generations, Ruohe of Zhi governance; Qin Emperor, Ruohe the male kit; the Han and Tang to the literature, Ruohe the Longsheng; Kangxi between martial arts, Ruohe of somebody in. historian narration, the word chapter house of the Acura, where a not my national youth moments of beauty, the thing of the past enjoyable indeed! now slumped old men! cut five cities yesterday, tomorrow, cutting ten city mice do birds everywhere, every night just a few kilometers scared. eighteen provinces of the land property, have been bosom of human flesh; Fast of the father and brother four children, had been the slaves of man Note membership, not at the so-called people Mingwei light, the DPRK does not consider evening. States to be dead the country, one people died of the people to be. Everything is paid do nothing, people make fun of all virtue, but also mention the strange!
any of the public said: My China, its If the boss carry on peace? is a big problem today is also one of the whole earth. as its boss also, it is the country of China in the past, that the earth has this country the past, now gradually disappear, the fate of the Scots will do in future also. Non-boss as it is also, it is the country for the future of China, that the earth is this country is not past, now gradually developed, the future of the future and the party are long. Yuduan China today for the boss not? for the young Jesus? is not is not the first that sovereign, to obey, everyone is sovereign, everyone is obedient. husband and if so, that the full establishment of the Andean country. have been fully established on the earth of the country also, since for centuries also. fully established who the prime of life things too. has not been fully established and progressive in the full establishment of those things too young. So I have a word to break, saying: the nations of Europe as the prime of his life in the country today, and I was young Chinese in the country today.
the husband wonders of ancient China, who, despite the name of the country, while the shape is also unsuccessfully country. or for the family of the country, or chiefs of the country, or the feudal lords of the country, or country of a despotic king. Although the different species, to of its constitution in countries also have their one and missing the one. As the baby from the embryos and until as children, one of two official support his body, first grow, in addition to the crude tools of all though, then failed to lent use it. so the embryo before the era of Tang Yu, Yin and Shang Dynasties era for the Rubu by Confucius as the boy from The Times today. gradually developed, and now are beginning to enter into a child over juvenile industry Yan. The long- Therefore, if the later into those, the history of the traitor who had stifled their life also. Pi still sickly childhood, conversion in the old state, or suspect their dates of death is coming, and Yan, but I do not know is not true for the completion rests. non- of that past, and future that also.
China in former times, and I, not at a national holy taste? However, there is court ears! I Huangdi Zi Sun, living together, both those who stand upon this earth for thousands of years, and asked why the name of their country, there is also no. husband called Tang, Yu, Xia, Shang, Zhou, Qin, Han, Wei, Jin, Song, Qi, Liang, Chen, Sui, Tang, Song, Yuan, Ming and Qing who are all towards the name of the ear. DPRK also those of the family private property also. countries also are the people of the public property as well. DPRK have towards the young and old, state-nation young and old. DPRK and the National both foreign body, it can not be towards the young and old, and that for the country of young and old tomorrow carry on. Wen, Wu, Cheng, Kang, Zhou of the youth also. You, Li, Hwan, blush, then the old era. high, Wen, Jing, Wu, Han of the youth also. Yuan, Ping, Huan, and spirit, then the old era. Since I dynasties, everyone has it. The above activities of those that a court can be a veteran, as a country that is not too old. A court of the old and dead, Utah One of the old and died, in my so-called China by Ho and Yan. What, then, my China, ex-this has not yet appeared in the world, now is the beginning of embryonic cloud Seoul. heaven big men, and the future of the Liao carry on. Beautiful, I'm young Chinese peace! Ma chi
Nepal who is also Italy, three heroes of Quebec. the affairs of state by sin, to flee a foreign land. is the creation of a will, it is called recovery of old objects, so that one of male bonding in Europe, Italy. husband Italy, the European countries also the first boss. Since the death of Rome, the land belonged to the Pope, attributed to the Austrian government is useless so-called old and carry on the verge of the deceased. derived a Mary Chi Nepal, and can give the youth of the country, China is indeed the status of my youth who yeah! imposing four hundred states of land, stern four hundred trillion of national, not at then none of the people who Niger Ma Chi! < br> There is a poem set Gong Zizhen's the chapter that said I knew the country a national youth also, Sinai juvenile carry on. Western saying there, saying: effort that the rise and fall among them. I see the almost Ma Chi Nepal also make the country boy, I see also almost the official People's Idea of the country make the boss too. I do fear! husband with such a magnificent masterpiece of elegant young rich China, while the Kaneohe Japanese boss who called me, why? Zeyi hold national rights of the people by key decrepit. Oh, a few years of non-stereotyped, non-White to write a few decades off, when several years of non-poor, to suffer a few non- years of pension for decades Shouben non-delivery, non-singing for decades Well, not knock dozens of years, non-requested security for decades, it certainly does not have an official, into the post. The office of State II above within and outside Supervision Department any more than a hundred people, their facial features were not prepared, Almost ninety sixty-seven people. Non-blindness is deaf, non-tremor is enough lame, or paralyzed too. He is the one eating walking audio-visual speech, is still unable to self, and to be around three or four of the catch of Rotary, is able to get by, here and Naiyu responsibility of the state, and is leaving He Yi Li numerous puppet governing mankind! and there they were, since the time of their young Now that I do not know Asia, Europa is where the place is that emperor Han Zutang cases, still too stupid to corruption at the end of its attain their utmost, they will rub wear it, cultivate it, wait until the brain has dried up, blood vessels have been stuffed, Qixiyanyan, and when the ghosts are neighbors, then two miles of my mountains and rivers, four hundred million human lives, in one fell swoop and give her their hands. Alas! old empire, Cheng Zai their boss too! Erbi generation who plot their decades stereotyped, white folding, when the poor and suffering from pensions, Shouben, singing commitments, bowed, asked the, hardships, thousands of bitter million Xin, may only the red roof is the clothing color flower Ling, nave adults of the name, is out of the fully the spirit of doing its life force to keep it. evicting a beggar picked up one gold, although Hong Lei circling the top, but his hands still clinging to their wallets, not the care of his things are, not known to have, not the Wen also. this is also advertised in national subjugation and divide up also, he is to listen to the Ukraine, and Uzbekistan to faith! even if the fruit is dead, the fruit sub-men, and while I carry this year, seventy, eighty men, but for the first two During the year, foreigners do not come, robbers can not afford to, I have had the I, happy now! if forced to, then cut three provinces, Feng Shen Hejing land, in exchange for some of my Yamen; sell for three millions of people's servants as slaves, to me a ransom his life, why not? What is difficult? Alas! today the so-called old, the veteran, veteran, old officials who rule the world of its cultivation the means of regulating the family, respective fields so carry on. westerlies night reminder old people and ends with the white end of the force is possible. to take the impermanence of a doctor, carrying straw to venerate Jiehutongzai! as for the country, is An Debu old and die, and I fear it has no time mourning the age.
Liang said: those caused by today's China boss, then the injustice of Chinese industry is decrepit; system of the future of the young Chinese who are the responsibility of Chinese youth. He who mention the decrepit road, unless he and the date of this World not far wrong, but my youth is a new edge with the world is. If those who hire house of course, tomorrow he will be moved to the other party, and I enter this room today at the beginning, will move to who does not love the window cage, dirty governance The court veranda, laity constant conditions, but also mention the strange. If I were young before the Chenghao Hao, looking back the vast, China and the cattle, the horse, as slaves, for the scribe, the text of the atrocious cooking whip skinny, but my youth When the; China, such as buildings or dominate, the main Earth Alliance, the commanding stare of honor, but I enjoy the youth. Consists Qixiyanyan, what with the ghosts who are neighbors and Yan? He and indifference, still speak of him; indifferent to me, can not be expressed. the whole country of young and fruit for the young also, China is the future of my country, its progress has yet to know the amount; so young and also the boss of the whole country has, then I was in the past in China of the country, its exhaust death can Alice feet and to be also. Wisdom is, and not others, but all in my youth. Junior countries, wisdom, young rich, the country rich, young strong, the country, youth independence, the country independent, young liberty national liberty, progress, the country progress in youth, young is better than Europe, the country is better than Europe, the juvenile male on Earth, Earth male countries. red sun rising, the greater light; River out of underground stream, a sea of diarrhea; Dragon Yuan Qian, Lin Zhao flying; milk Tigers Valley, beasts earthquake anxiety; falcon test wing, dust suction Zhang; exquisite first child, propitious propitious Huang Huang; Gan made whetstone, has for its Mount; days of wearing the dark green, to fulfill Its yellow; even if we have through the ages, there is history and a glorious cross; future like the sea, to Japan, longer. Beautiful, I Young China, and the days are not old! strong, holy, I am Chinese boy, and the National boundless!
Sunday, December 26, 2010
SIM selected and Comments (February 16)
1, Wen: greater intensity of policy measures taken have the ability to overcome the difficulties
Xinhua: 6 to 13 February, Premier Wen Jiabao at the Zhongnanhai hosted five seminars seek to draw on the upcoming November Second Session of the NPC session to consider the , the sports sector representatives, business representatives and workers, farmers and other representatives of the grassroots masses, respectively, attended the forum.
Wen Jiabao spoke at the forum this five times. He said that this year's government work report should be a copies of the report of confidence to implement the action report. to recognize the situation and a profound understanding of the seriousness of the international financial crisis and uncertainty, the more difficult to estimate the full number, policy measures taken by a number of greater intensity. to strengthen their confidence, the development of China's economic fundamentals and long-term trend has not changed for the better, we have full confidence, with the means to overcome the difficulties.
��Comments�� Premier Wen, after a classic quote often mentioned, during the two sessions, countries continue to favor the introduction of the policy of revitalizing the economy and planning, to enhance confidence in the market, at present, the domestic economic data has transferred a good sign, such as the PMI index for three consecutive months rise in new lending in January 1.62 trillion market, nine industries such as the revitalization programs have been introduced, which on the economic recovery and build confidence in the domestic market played a good role in promoting. (The good news for the macro)
2 , light industry revitalization plan to preserve the average annual growth of 8%
export China Securities Journal: sources 15 to the China Securities News said, submitted to the Ministry of Industry, Development and Reform Commission proposed the revitalization plan of light industry, various policy measures to be taken so that the average annual growth of light industry output value of 10% average annual growth of 8% of exports each year three million new jobs, the industry reduced emissions of major pollutants 10% -12%.
revitalization plan proposed the establishment of appliances, paper, lighting, cleaning products and surface active agents, metal and agricultural products processing industry, industrial upgrading projects, a special food safety capacity-building, light industry and focus on information technology equipment inside a special fusion of key industries and light industry such as clean production of special . The special focus of the industry in technological transformation of enterprises as alternative objects.
��Comments�� light this week, the revitalization plan will be formally submitted to the State Council discussion will involve appliances, paper, dairy products, agro-food processing, food and beverage manufacturing, furniture, paper, Educational and Sports Goods, cosmetic, plastic, glass, ceramics, metalwork, lighting, clocks, glasses, 45 architectural decoration industry and other industries, light industry, the purpose of planning for the revitalization is to protect exports, security of employment, their efforts may be very large, concerned about the relevant industry stocks, particularly small stocks rise, such as dairy products, appliances, etc. (The good news for the macro and industry)
3, the central bank: the confidence of anti-deflation can be implemented resolutely lower interest rates Policy
Xinhua Xinhua Beijing February 15: The People's Bank of China Deputy Governor Yi Gang said recently that China's actual situation, the zero interest rate policy or quasi-zero interest rate policy is not a good choice, in fact, the current level of interest rates in China in an interest rate policy misunderstanding, the Federal Reserve is the federal funds rate overnight lending rate commercial banks, like the overnight inter-bank market interest rates, while the lending rate of about 0.8%. Our one-year benchmark deposit rate was 2.25%, while the large U.S. current one-year bank certificates of deposit (CD) customers in the retail interest rate of about 2.14%, in fact, is about the same. with the situation in China, Yi Gang said that China's savings deposits accounted for the high proportion of GDP, the domestic rate of labor productivity and factor productivity in rising returns on capital do not support zero-interest rate policy, zero interest rate policy is not necessarily a good choice for our country. currency stability, Foreign exchange rate is to maintain the basic stability of the main objectives of the central bank or the recent anti-deflation. to Japan and the United States to implement the zero interest rate policy as an example, although these policies have a role in stimulating domestic demand, but the effect is limited, so the comparison interest rates in the same interest rate when compared with each other in nature and can not be confused with each other. This means that although the recently published CPI and PPI to continue at low levels, but is unlikely to cut interest rates, and one of the reasons is to keep the RMB exchange rate stability and prevent a lot of hot money to flee. (the news for the market neutral)
4, China's huge foreign exchange reserve management will be and the symbol of China's reserves from 51.6 billion the end of 1994 the end of 2008 soared to 1.95 trillion U.S. dollars, ranking first in the world and is growing rapidly. For a long time, China's huge foreign exchange reserves is usually some low-key investment risk, low-yielding assets, such as purchases of U.S. Treasury bonds. some signs that the world's largest foreign exchange reserves management and use of important changes will occur mm from the construction services, and improve its efficiency and profitability. China is trying to change long-standing channels and methods, improving their efficiency and profitability, more attention to provide important support for the domestic construction.
��Comments�� context of the financial crisis, need to broaden the channels of foreign exchange reserves, the use of 4 trillion yuan and China's combined economic stimulus package it is another of my Government with new opportunities and means, such as Aluminum Corporation of China announced on June 12 through the establishment of joint ventures and Convertible Bonds subscribed to the world's third-largest mining giant Rio Tinto is to inject 19.5 billion a proof, this is by far one of the largest enterprises in China foreign investment action, than the virtual capital invested in foreign exchange reserves to secure more, the U.S. subprime mortgage crisis in the banks gave us lessons we changed the idea of foreign investment, I believe in the future there will be more generous foreign investment, but also enriched the subject market speculation. (The good news for the macro)
5, China's central bank to break the regular weekly issue of central bank bills with ease when the market liquidity
Capitol News: In January a record 16,200 yuan of credit in the context of the amount of days, even weeks, the central bank stepped in to ease the issue of liquidity. Following last week's 3-month central bank bills issued, the day before the central bank re-issue 3-month central bank bills. This is the central counting the first three months are issued even weeks, it clearly broke the last 3 months, fortnightly conventional means since the beginning of November last year, 3-month central bank bills fortnightly frequency will change But does that mean 3-month central bank bills issued to the weekly release will be restored remains to be seen.
1 adding licensing alarming number of loans, the central bank may be appropriate controls about market liquidity, in order to achieve stable and balanced growth of credit. But the mass withdrawn from circulation may not occur, the recovery needs financial support.
��Comments�� central bank's open market operations to absorb more passive part of the liquidity, maintain market funds face smooth. but it can not determine the central bank will resume in March this central vote will be issued weekly, after all, return of funds after the Spring Festival is also the practice. the central bank to control credit data in a timely manner, if the February incremental credit remains high and is likely to increase the circulation of weekly circulation. especially the recent hot stock market, trading volume continuous zoom, the market hit record highs, also reflect abnormal abundant market liquidity, the central bank out of the market, this action is short-term liquidity control considerations. (the message is short-term bearish )
6, the four major industrial revitalization plan is expected this week staged drama
Eastern wealth network IT department: the involved in planning the industry's most extensive light industry has not yet declassified, responsible for planning and national Development and Reform Commission Ministry of Industry is still strict tone.'s electronic information industry revitalization plan an initial six projects, at present, the electronic information industry, the first draft of the revitalization plan has been introduced, submitted to the State Development and Reform Commission has recently reviewed, modified, consideration will be submitted to the State Council, is expected to become the third installment of the industrial revitalization plan was adopted. petrochemical industry revitalization plan has been introduced than the steel, automobile industry planning two more complex and involved in many sub-sectors. had, according to the National : medicine, real estate, finance, energy compete for four major industries of the tenth revitalization plan, the ultimate medicine will take the lead out.
��Comments�� starting point from 1664 to the present, you can clearly see that the national macro-policy adjustment on the stock market contribution, from the initial investment of 4 trillion to the nearest ten industrial revitalization plan, the stock market waves of passion. outside the stream of funds into the stock market, planning for the revitalization of each industry, the market will ignite the enthusiasm of pursuit-related plate, A-share market policies context of the plot is very clear. the stock market the more the fire burned more prosperous, in particular the introduction of two pre-industrial planning, this policy will be subject, or market acceptance, investors should pay close attention to. (This message was related industries plate positive)
7,200 million in equipment manufacturing industry, the Fund approved
Economic Observer: Study of more than two years has been equipment manufacturing industry investment fund in China has finally surfaced. Recently, the State Development and Reform Commission issued Industry in the scale of the Fund approved 200 billion. Fund sponsors the first National Development Bank to become one of the main distribution of the Fund, another main issue in Shenyang City, Liaoning Province, Shenyang SAC over Rui under the Investment Management Limited. < br> National Development and Reform Commission on February 12 the officials told this newspaper that the newly established fund to support mainly the development of China-based equipment manufacturing industry, with direct equity investment, helping enterprise technology and innovation are three main functions. ; investment fund R & D for manufacturing equipment, corporate investment and financing, and related policies to provide practical support equipment manufacturing, equipment manufacturing industry to improve the international competitiveness of existing technology and equipment manufacturing breakthroughs in bottleneck has been the focus of the revitalization of the national industry, China's current financial evaluation and credit system is not conducive to the development of equipment manufacturing enterprises. As equipment manufacturing industry's own characteristics and market environment, resulting in many enterprises have a high debt ratio, insufficient funds, outdated equipment, no money to reform, particularly the financial crisis on China's real economy, the decline in exports of Chinese products, business conditions do not good, but much-needed funds for technical transformation and innovation, industry is conducive to the establishment of the Fund out of the woods equipment manufacturing, equipment manufacturing industry investment fund once operational, a number of special importance for national economic development of state-owned enterprises will be key equipment manufacturing focused support, such as electrical equipment, machinery and equipment. (The good news for the industry)
8, China's GDP nearly 3 trillion Ocean GDP 9.87%
CNS: Thirteen State Oceanic Administration released data show that in 2008 China Marine Economic Statistics Bulletin GDP 9.87%, essentially flat with the previous year. Among them, the marine industry was seventeen thousand three hundred billion, ocean-related industry was one hundred twenty-three million yuan. 2008, China major marine industry in general to maintain a rapid growth. marine power industry, water use of industry, marine pharmaceuticals and other burgeoning marine industry is flourishing, the added value of faster growth than the previous year. State Oceanic Administration at a press conference, spokesman Li Haiqing said, due to freezing rain and snow disaster early last year and the second half of the global financial crisis, and many other factors, coastal tourism, marine transportation, offshore oil and gas industry and other industries slowed growth rate compared to last year have different level down; marine shipbuilding industry new orders decreased as compared to previous years.
��Comments�� global financial crisis is far from over, the development of marine economy will bring a lot of uncertainty, the Chinese marine transportation, ocean shipping industry, coastal tourism growth slowdown will likely be apparent, therefore the development of marine economy may be recovering from a long period of time. (the center line of the bearish news for the industry)
9, this year China's machinery industry output to grow by about a five percent
CNS: From the China Machinery Industry Federation was informed that the expected 2009 growth of China's machinery industry total output value will be about a five percent, and export profits will grow into about a full year before the economic situation will show a low after the high dollar. China Machinery Industry Federation responsible person that can overcome the current year, the industry is facing many difficulties and achieve double-digit growth.
��Comments Central Government has issued a trillion yuan to expand investment in the economic stimulus package, a series of industrial structure and consumption structure in order to stimulate economic growth, measures are being gradually introduced, the domestic market for the machinery industry enterprises development of a broad room for maneuver, but also plate for the mechanical movement of the stock market provides the fundamental support. (The good news for the machinery industry)
10, Chongqing, planning Power on the 13th: Following China's first inland bonded port area after the mountain flowers, Chongqing plans for construction of development zones in China's third-largest plan in the spring horizon. Chongqing Vice Mayor Zhou Mubing, said the State Council has made it clear in Chongqing Development of . Chongqing Municipal Foreign Economic and Trade Commission Li Jianchun said relevant departments of the Chongqing municipal government is to revise and improve subject is always an endless stream of speculation, Shanghai Pudong and the Tianjin Binhai stocks experienced a lot of round plate speculation, major grain-producing province, Hunan, total grain output in 2008 reached five hundred ninety-four billion kg, an increase of twelve billion kg, achieved five consecutive years of increase, a record high yield, rice production in the provinces of China first.
��Comments�� Hunan is a major agricultural province, the output record is undoubtedly good news. Hunan, Long Ping High-Tech Agriculture shares this famous, in addition to Long Ping High-Tech, there are gold Cereals Industry, Dongting Lake water and other related reproductive and Hunanhaili AGRICULTURAL class stocks. (The good news for the regional industry)
12,2 13, LEVEL-2 on the depth of monitoring
funds flush LEVEL-2 BBD decision-making system displays 13 Net buying large single tape 1,136,200,000 shares. Plate 13, only the flow of funds shows communication and cultural industries, forestry sector net outflow of funds in the state of stocks of capital flows showed a net outflow of funds today, a large stock are the Oriental Pearl Tower, the soldiers optoelectronics, Panzhihua Iron and Steel steel, alum, large single-day fund net sales trends show a large amount of stocks for the Guangzhou Shipyard International, China Shipping, Wuhan Steel shares.
depth analysis system flush LEVEL-2 blocks the flow of funds showed a net inflow of funds today, the larger the plate: real estate, securities, banking. the real estate section of about 2.11 billion net inflow of funds, 12 of the largest single sector amounted to 520 million yuan of net buy, net capital inflow of a large stock are Vanke. Securities plate fund net inflows of about 20.1 billion, 12 of the plate large amount of 890 million yuan to buy a single net. net inflow of capital stock for the larger Hai Tong Securities, CITIC Securities. banking sector capital flows showed net inflows of about 1.46 billion, a large single-day shows a net movement of funds large amount of stocks to buy Bank of China.
��Comments�� From the above data, 12, market trend and consistent flow of funds, the Fund Fund yet to give up signs of short squeeze has also made use of market heavyweight, The funds from the net outflow of 3 consecutive days net inflow of steering, but also into the heavyweight section, after which the potential benefit to the market. property sector fundamentals are improving yet to come, but the weight of large, charged at a critical moment, you can wait and see the center line, and bargain may be appropriate to short-term concern; securities sector is gathering popularity of the plate, often represent the market's trend, the recent trend of the plate positive, appropriate attention could be bargain-hunting; banking sector, although controversial, but the plate is a plate just started every low can be properly recognized. (The good news for the market)
13, reduction of high position or low position in point is the Fund holdings of tug of war between 2300
China Securities Network news: the latest fund position monitoring data show that last week 223 Supporting open-end fund positions for an average of 69.11%, 68.33% relative to the previous week up 0.78% position. As measured during the benchmark Shanghai Composite Index rose 8.71% and the Shenzhen Component Index on average, excluding the change in stock market value last week of factors, the overall 223 Supporting open-end funds generally change the relative position the previous week, -0.86%. If you ignore the impact of subscription for new fund, the Fund may take the initiative to the whole operation to lighten up slightly. Specifically, the pre-existing positions rallies fund holdings of higher signs of The existence of pre-position funds to cover short positions with lower behavior.
��Comments�� for the funds concerned, and to lighten up their Masukura are normal phenomena, mainly based on the size and position next to determine the relevant market, which the Fund also appeared on the differences between the current market. Year of the Ox under this interpretation of the structural funds to promote the sustained high-index rose for the fund will be larger after the adjustment concerns, and their shares rose too high, and there are signs rallies reduction; part of the short positions, wet storage are concerned about the fear of heights will blindly repeated loss of low chips to cover short positions arising from the phenomenon of pre-position the company to initiate a higher reduction of signs and the existence of pre-position the company to cover short positions with lower signs, which existed for long and short game showdown with the market, In addition, the very important factor, is like a tiger staring at market trends, it can not be ignored, for more than a cautious 2300 points better than blindly optimistic. (This message temporarily bearish for the market neutral)
14, this week Restricted Shares lifting of the ban last week the chain increased 38.0 billion five into
Shanghai Securities News: Statistics show that 42 listed companies this week, the restricted shares traded, the number of lifting the ban of 53 million shares, the scale of 380 million, compared with the previous weeks of 3.5 billion shares of restricted shares lifted 25.6 billion increase in the scale of five into the ring. which Dali Technology, Knopp letter and Joint Chemical 3 Restricted Shares of listed companies as the first of the original shareholders ban type-restricted shares; Fengle Seed , COFCO Property, JMC, Xian tour, Northeast Pharmaceutical remaining 37 listed companies and other restrictions on sale of shares lifted the share reform type of Restricted Shares. from the stock look, COFCO Property and Shen Shenfang A lifting of the ban larger, respectively, 7.8 million shares and 5.7 million shares of .42 listed companies, Shanghai Airlines, National Chiao Tung University Southeast Asia, the sea is medicine, sub-Po medicine, leading shares, Shandong Pharmaceutical Glass, Bayi Iron & Steel, Hyde shares and the Chinese listed company shares nine times the actual into the circulation. Suiheng Yun A, and the grain number of shares outstanding property to be no more than 30 million shares, close to the circulation. from last week into the circulation 6 times listed company, with a number of restricted shares in the final lifting of the ban period, the average weekly gain of 10.5%, far outperforming the broader market over the same period rose 6.4%, including molding technology, sublimation Beik, Xinxingufen and the power source 4 variety of weekly gain more than 12%.
��Comments�� As the market continues to heat up, every day more than 2000 billion yuan in trading volume, the lifting of the ban this week to increase the number of 38.0 billion does not seem to constitute a greater threat, but the cumulative effect or impact effect of heart should not be overlooked, especially on the trend of individual stocks is more attention. (The bearish news for the stock)
15, Zijin Mining to the Philippines to actively seek investment opportunities in
CNS: Zijin Mining positive seeking investment opportunities to the Philippines, the Philippines, officials said the revival of the country's mining industry has been the outcome. The Philippines Department of Environment and Natural Resources Deputy Minister ��������ŷ b �x���˹ŷ said it expected the economic power and resource-rich areas, such as China, India, Korea, Australia, the economy will soon recover and return to the track of long-term economic growth. The Philippines is Asia's economic strategy area, close to China, Japan, Korea and Australia, the main market, economic growth is expected to be bright.
Since 2005, Zijin Mining attempt to start investing overseas, worked in Canada, Russia, Peru, Tajikistan and other countries and regions invested in eight companies, the acquisition of mining projects, total investment of two hundred thirty million U.S. dollars. Zijin Mining is currently the gold annual output of more than fifty tons, is the largest gold-producing companies; million tonnes in annual production of copper, is the third largest producer of copper mining. It also has a number of gold and nonferrous metal mines under construction, China has become the control one of the largest amount of resources. At present, Zijin Mining has two large-scale foreign investment projects, one through the acquisition of control of listed companies in the UK White River copper-molybdenum mine projects in Peru, copper resource of 7.42 million tons Mo two hundred and eighty thousand tons; the other is gold project in Tajikistan, amounted to one hundred and seventy tons of gold resources.
��Comments�� in the background of the global financial crisis, China's large enterprises to go abroad, to invest overseas good prospects for development projects, is a rare opportunity. especially the non-ferrous metals after a sharp correction last year, the plays a more favorable opportunity. recent Chalco, Zijin Mining stocks such as the rise is a strong market for such investment behavior recognition. In the long run, this investment is very conducive to the development of business expansion, investment opportunities are pretty good. (the long-term good news for the stock)
16, the U.S. Senate finally approved the new economic stimulus plan
WASHINGTON, Feb. 13 Social Power: With the support of three Republican senators crucial to support the Democrats the Senate majority midnight tonight local time to sixty-eight than three vote, approved the House and Senate negotiations over the seven hundred eighty-seven billion U.S. dollars economic stimulus package the final version. At this point, the Obama administration's economic stimulus plan is basically the end of a legislative process, only to be signed into law next week, Barack Obama. ��Comments��
during the National Day last year, the Bush administration launched the final approval of a huge bailout, the U.S. stock market has not this resurgence. At present the administration's rescue plan also was the market's disdain for Wall Street to said that the economic recovery plan there is too much uncertainty, some people think that the program cost is too high, while others believe the amount is too small. No one believes the program will enable U.S. economic recovery. originated in the United States this financial crisis should also have a longer time to wait for elimination. (the message to the market bearish)
17, General Motors, stripping the company filed for bankruptcy protection or non-performing assets
Xinhua: According to the U.S., , auto giant General Motors is considering bankruptcy protection in the courts in order to be able to divest non-performing assets, restructuring the company quality business. in accordance with the previous agreement, GM and Chrysler can obtain government assistance provided 17.4 billion loan must come up with a reorganization plan before next Tuesday. According to Reuters, GM is working with creditors, negotiate auto workers unions in order to be able to strip 28 billion U.S. dollars in debt. However, on Tuesday reached an agreement before the negotiations, it may be difficult. in the United States , the legal basis for enterprises to apply for bankruptcy, there are two. The first is in accordance with the as surplus. The second is in accordance with the to Freddie Mac and Fannie Mae's government took over, the impact of the financial crisis in the U.S. economy from the virtual to the real economy, is still in progress, far end in sight. While the U.S. government stimulus plan huge shot several times, but the economic upturn too early, there are no signs of warming, particularly in the U.S. stock market last week approved a new round of massive stimulus package, the stock market instead of falling, face down Powei trend. Although the A-share market is unique in the world, continued strength, but the surrounding the trend of the stock market is worth our proper look at. (the message to the market bearish)
18, U.S. stocks closed lower Dow hit an 11-month low
U.S. stocks closed lower on Friday, Dow Jones Industrial Average index fell 82.35 points to close at 7850.41 points, the highest since November 20 last year, the lowest since a decline of 1.04%. Dow was in the Nov. 20 dropped to 7552.29 points. week, the Dow fell 5.2%. Dow A total of 30 constituent stocks of the 27 stocks fell, down 5.7% JP Morgan Chase. The House passed the $ 787,000,000,000 economic stimulus plan, the president will be announced next Wednesday repayment difficulties to provide assistance to home buyers plan outline. The above measures to determine whether the market can not work, investors also want to know how the U.S. government stripped troubled assets of financial institutions. investors that the reduction of loans to home buyers foreclosure plan will not immediately solve the problem of the financial system, financial sector under pressure fell 4.2%, the plate this week, down 10.2%, of which the weakest performance of banking stocks.
��Comments�� representative of the United States government bailouts around the world continue to unfold, but the fundamentals of the global economy has not been fundamental change in the real economy is not fully restored, would be difficult to really take a good global stock markets. Of course the specific circumstances of different countries, the extent of the financial crisis is different, A-share market market is a very obvious example, U.S. stocks appeared several times fall, A shares affected opened sharply lower on that day was quickly pulled after continued out of their own independent market, but in the A shares, after continuous heating up, gathered a lot of profit taking, the impact would be outside the panel, yet to be observed.
Comprehensive Review
news from today perspective, the macroeconomic front there are still aspects of the revitalization of industry, but also to break the routine even weeks, China's central bank issued central bank bills to ease liquidity in the news, U.S. stocks on Monday for the Presidents Day closed Monday and Tuesday are basically not affected outside the disc., but this week, pattern, subject shares hit out, or table have to occupy the forefront of some of the main control of the strong stock performance characteristics of a strong Hengqiang. rising from the low stocks have also been sought after the new funding. Today will face key technical points, Quotes of the 9.19 resistance near the high, broke through and effectively confirm whether a concern. As the volume of the further amplification of volatility, the two cities may increase. Investors should focus on the operation of wheeled plate changes, control the position, good fundamentals are concerned about the subject matter related to stocks, as well as today's news of the stock and plate, combined with the stock they appropriate for warehouse operation.
Xinhua: 6 to 13 February, Premier Wen Jiabao at the Zhongnanhai hosted five seminars seek to draw on the upcoming November Second Session of the NPC session to consider the , the sports sector representatives, business representatives and workers, farmers and other representatives of the grassroots masses, respectively, attended the forum.
Wen Jiabao spoke at the forum this five times. He said that this year's government work report should be a copies of the report of confidence to implement the action report. to recognize the situation and a profound understanding of the seriousness of the international financial crisis and uncertainty, the more difficult to estimate the full number, policy measures taken by a number of greater intensity. to strengthen their confidence, the development of China's economic fundamentals and long-term trend has not changed for the better, we have full confidence, with the means to overcome the difficulties.
��Comments�� Premier Wen, after a classic quote often mentioned, during the two sessions, countries continue to favor the introduction of the policy of revitalizing the economy and planning, to enhance confidence in the market, at present, the domestic economic data has transferred a good sign, such as the PMI index for three consecutive months rise in new lending in January 1.62 trillion market, nine industries such as the revitalization programs have been introduced, which on the economic recovery and build confidence in the domestic market played a good role in promoting. (The good news for the macro)
2 , light industry revitalization plan to preserve the average annual growth of 8%
export China Securities Journal: sources 15 to the China Securities News said, submitted to the Ministry of Industry, Development and Reform Commission proposed the revitalization plan of light industry, various policy measures to be taken so that the average annual growth of light industry output value of 10% average annual growth of 8% of exports each year three million new jobs, the industry reduced emissions of major pollutants 10% -12%.
revitalization plan proposed the establishment of appliances, paper, lighting, cleaning products and surface active agents, metal and agricultural products processing industry, industrial upgrading projects, a special food safety capacity-building, light industry and focus on information technology equipment inside a special fusion of key industries and light industry such as clean production of special . The special focus of the industry in technological transformation of enterprises as alternative objects.
��Comments�� light this week, the revitalization plan will be formally submitted to the State Council discussion will involve appliances, paper, dairy products, agro-food processing, food and beverage manufacturing, furniture, paper, Educational and Sports Goods, cosmetic, plastic, glass, ceramics, metalwork, lighting, clocks, glasses, 45 architectural decoration industry and other industries, light industry, the purpose of planning for the revitalization is to protect exports, security of employment, their efforts may be very large, concerned about the relevant industry stocks, particularly small stocks rise, such as dairy products, appliances, etc. (The good news for the macro and industry)
3, the central bank: the confidence of anti-deflation can be implemented resolutely lower interest rates Policy
Xinhua Xinhua Beijing February 15: The People's Bank of China Deputy Governor Yi Gang said recently that China's actual situation, the zero interest rate policy or quasi-zero interest rate policy is not a good choice, in fact, the current level of interest rates in China in an interest rate policy misunderstanding, the Federal Reserve is the federal funds rate overnight lending rate commercial banks, like the overnight inter-bank market interest rates, while the lending rate of about 0.8%. Our one-year benchmark deposit rate was 2.25%, while the large U.S. current one-year bank certificates of deposit (CD) customers in the retail interest rate of about 2.14%, in fact, is about the same. with the situation in China, Yi Gang said that China's savings deposits accounted for the high proportion of GDP, the domestic rate of labor productivity and factor productivity in rising returns on capital do not support zero-interest rate policy, zero interest rate policy is not necessarily a good choice for our country. currency stability, Foreign exchange rate is to maintain the basic stability of the main objectives of the central bank or the recent anti-deflation. to Japan and the United States to implement the zero interest rate policy as an example, although these policies have a role in stimulating domestic demand, but the effect is limited, so the comparison interest rates in the same interest rate when compared with each other in nature and can not be confused with each other. This means that although the recently published CPI and PPI to continue at low levels, but is unlikely to cut interest rates, and one of the reasons is to keep the RMB exchange rate stability and prevent a lot of hot money to flee. (the news for the market neutral)
4, China's huge foreign exchange reserve management will be and the symbol of China's reserves from 51.6 billion the end of 1994 the end of 2008 soared to 1.95 trillion U.S. dollars, ranking first in the world and is growing rapidly. For a long time, China's huge foreign exchange reserves is usually some low-key investment risk, low-yielding assets, such as purchases of U.S. Treasury bonds. some signs that the world's largest foreign exchange reserves management and use of important changes will occur mm from the construction services, and improve its efficiency and profitability. China is trying to change long-standing channels and methods, improving their efficiency and profitability, more attention to provide important support for the domestic construction.
��Comments�� context of the financial crisis, need to broaden the channels of foreign exchange reserves, the use of 4 trillion yuan and China's combined economic stimulus package it is another of my Government with new opportunities and means, such as Aluminum Corporation of China announced on June 12 through the establishment of joint ventures and Convertible Bonds subscribed to the world's third-largest mining giant Rio Tinto is to inject 19.5 billion a proof, this is by far one of the largest enterprises in China foreign investment action, than the virtual capital invested in foreign exchange reserves to secure more, the U.S. subprime mortgage crisis in the banks gave us lessons we changed the idea of foreign investment, I believe in the future there will be more generous foreign investment, but also enriched the subject market speculation. (The good news for the macro)
5, China's central bank to break the regular weekly issue of central bank bills with ease when the market liquidity
Capitol News: In January a record 16,200 yuan of credit in the context of the amount of days, even weeks, the central bank stepped in to ease the issue of liquidity. Following last week's 3-month central bank bills issued, the day before the central bank re-issue 3-month central bank bills. This is the central counting the first three months are issued even weeks, it clearly broke the last 3 months, fortnightly conventional means since the beginning of November last year, 3-month central bank bills fortnightly frequency will change But does that mean 3-month central bank bills issued to the weekly release will be restored remains to be seen.
1 adding licensing alarming number of loans, the central bank may be appropriate controls about market liquidity, in order to achieve stable and balanced growth of credit. But the mass withdrawn from circulation may not occur, the recovery needs financial support.
��Comments�� central bank's open market operations to absorb more passive part of the liquidity, maintain market funds face smooth. but it can not determine the central bank will resume in March this central vote will be issued weekly, after all, return of funds after the Spring Festival is also the practice. the central bank to control credit data in a timely manner, if the February incremental credit remains high and is likely to increase the circulation of weekly circulation. especially the recent hot stock market, trading volume continuous zoom, the market hit record highs, also reflect abnormal abundant market liquidity, the central bank out of the market, this action is short-term liquidity control considerations. (the message is short-term bearish )
6, the four major industrial revitalization plan is expected this week staged drama
Eastern wealth network IT department: the involved in planning the industry's most extensive light industry has not yet declassified, responsible for planning and national Development and Reform Commission Ministry of Industry is still strict tone.'s electronic information industry revitalization plan an initial six projects, at present, the electronic information industry, the first draft of the revitalization plan has been introduced, submitted to the State Development and Reform Commission has recently reviewed, modified, consideration will be submitted to the State Council, is expected to become the third installment of the industrial revitalization plan was adopted. petrochemical industry revitalization plan has been introduced than the steel, automobile industry planning two more complex and involved in many sub-sectors. had, according to the National : medicine, real estate, finance, energy compete for four major industries of the tenth revitalization plan, the ultimate medicine will take the lead out.
��Comments�� starting point from 1664 to the present, you can clearly see that the national macro-policy adjustment on the stock market contribution, from the initial investment of 4 trillion to the nearest ten industrial revitalization plan, the stock market waves of passion. outside the stream of funds into the stock market, planning for the revitalization of each industry, the market will ignite the enthusiasm of pursuit-related plate, A-share market policies context of the plot is very clear. the stock market the more the fire burned more prosperous, in particular the introduction of two pre-industrial planning, this policy will be subject, or market acceptance, investors should pay close attention to. (This message was related industries plate positive)
7,200 million in equipment manufacturing industry, the Fund approved
Economic Observer: Study of more than two years has been equipment manufacturing industry investment fund in China has finally surfaced. Recently, the State Development and Reform Commission issued Industry in the scale of the Fund approved 200 billion. Fund sponsors the first National Development Bank to become one of the main distribution of the Fund, another main issue in Shenyang City, Liaoning Province, Shenyang SAC over Rui under the Investment Management Limited. < br> National Development and Reform Commission on February 12 the officials told this newspaper that the newly established fund to support mainly the development of China-based equipment manufacturing industry, with direct equity investment, helping enterprise technology and innovation are three main functions. ; investment fund R & D for manufacturing equipment, corporate investment and financing, and related policies to provide practical support equipment manufacturing, equipment manufacturing industry to improve the international competitiveness of existing technology and equipment manufacturing breakthroughs in bottleneck has been the focus of the revitalization of the national industry, China's current financial evaluation and credit system is not conducive to the development of equipment manufacturing enterprises. As equipment manufacturing industry's own characteristics and market environment, resulting in many enterprises have a high debt ratio, insufficient funds, outdated equipment, no money to reform, particularly the financial crisis on China's real economy, the decline in exports of Chinese products, business conditions do not good, but much-needed funds for technical transformation and innovation, industry is conducive to the establishment of the Fund out of the woods equipment manufacturing, equipment manufacturing industry investment fund once operational, a number of special importance for national economic development of state-owned enterprises will be key equipment manufacturing focused support, such as electrical equipment, machinery and equipment. (The good news for the industry)
8, China's GDP nearly 3 trillion Ocean GDP 9.87%
CNS: Thirteen State Oceanic Administration released data show that in 2008 China Marine Economic Statistics Bulletin GDP 9.87%, essentially flat with the previous year. Among them, the marine industry was seventeen thousand three hundred billion, ocean-related industry was one hundred twenty-three million yuan. 2008, China major marine industry in general to maintain a rapid growth. marine power industry, water use of industry, marine pharmaceuticals and other burgeoning marine industry is flourishing, the added value of faster growth than the previous year. State Oceanic Administration at a press conference, spokesman Li Haiqing said, due to freezing rain and snow disaster early last year and the second half of the global financial crisis, and many other factors, coastal tourism, marine transportation, offshore oil and gas industry and other industries slowed growth rate compared to last year have different level down; marine shipbuilding industry new orders decreased as compared to previous years.
��Comments�� global financial crisis is far from over, the development of marine economy will bring a lot of uncertainty, the Chinese marine transportation, ocean shipping industry, coastal tourism growth slowdown will likely be apparent, therefore the development of marine economy may be recovering from a long period of time. (the center line of the bearish news for the industry)
9, this year China's machinery industry output to grow by about a five percent
CNS: From the China Machinery Industry Federation was informed that the expected 2009 growth of China's machinery industry total output value will be about a five percent, and export profits will grow into about a full year before the economic situation will show a low after the high dollar. China Machinery Industry Federation responsible person that can overcome the current year, the industry is facing many difficulties and achieve double-digit growth.
��Comments Central Government has issued a trillion yuan to expand investment in the economic stimulus package, a series of industrial structure and consumption structure in order to stimulate economic growth, measures are being gradually introduced, the domestic market for the machinery industry enterprises development of a broad room for maneuver, but also plate for the mechanical movement of the stock market provides the fundamental support. (The good news for the machinery industry)
10, Chongqing, planning Power on the 13th: Following China's first inland bonded port area after the mountain flowers, Chongqing plans for construction of development zones in China's third-largest plan in the spring horizon. Chongqing Vice Mayor Zhou Mubing, said the State Council has made it clear in Chongqing Development of . Chongqing Municipal Foreign Economic and Trade Commission Li Jianchun said relevant departments of the Chongqing municipal government is to revise and improve subject is always an endless stream of speculation, Shanghai Pudong and the Tianjin Binhai stocks experienced a lot of round plate speculation, major grain-producing province, Hunan, total grain output in 2008 reached five hundred ninety-four billion kg, an increase of twelve billion kg, achieved five consecutive years of increase, a record high yield, rice production in the provinces of China first.
��Comments�� Hunan is a major agricultural province, the output record is undoubtedly good news. Hunan, Long Ping High-Tech Agriculture shares this famous, in addition to Long Ping High-Tech, there are gold Cereals Industry, Dongting Lake water and other related reproductive and Hunanhaili AGRICULTURAL class stocks. (The good news for the regional industry)
12,2 13, LEVEL-2 on the depth of monitoring
funds flush LEVEL-2 BBD decision-making system displays 13 Net buying large single tape 1,136,200,000 shares. Plate 13, only the flow of funds shows communication and cultural industries, forestry sector net outflow of funds in the state of stocks of capital flows showed a net outflow of funds today, a large stock are the Oriental Pearl Tower, the soldiers optoelectronics, Panzhihua Iron and Steel steel, alum, large single-day fund net sales trends show a large amount of stocks for the Guangzhou Shipyard International, China Shipping, Wuhan Steel shares.
depth analysis system flush LEVEL-2 blocks the flow of funds showed a net inflow of funds today, the larger the plate: real estate, securities, banking. the real estate section of about 2.11 billion net inflow of funds, 12 of the largest single sector amounted to 520 million yuan of net buy, net capital inflow of a large stock are Vanke. Securities plate fund net inflows of about 20.1 billion, 12 of the plate large amount of 890 million yuan to buy a single net. net inflow of capital stock for the larger Hai Tong Securities, CITIC Securities. banking sector capital flows showed net inflows of about 1.46 billion, a large single-day shows a net movement of funds large amount of stocks to buy Bank of China.
��Comments�� From the above data, 12, market trend and consistent flow of funds, the Fund Fund yet to give up signs of short squeeze has also made use of market heavyweight, The funds from the net outflow of 3 consecutive days net inflow of steering, but also into the heavyweight section, after which the potential benefit to the market. property sector fundamentals are improving yet to come, but the weight of large, charged at a critical moment, you can wait and see the center line, and bargain may be appropriate to short-term concern; securities sector is gathering popularity of the plate, often represent the market's trend, the recent trend of the plate positive, appropriate attention could be bargain-hunting; banking sector, although controversial, but the plate is a plate just started every low can be properly recognized. (The good news for the market)
13, reduction of high position or low position in point is the Fund holdings of tug of war between 2300
China Securities Network news: the latest fund position monitoring data show that last week 223 Supporting open-end fund positions for an average of 69.11%, 68.33% relative to the previous week up 0.78% position. As measured during the benchmark Shanghai Composite Index rose 8.71% and the Shenzhen Component Index on average, excluding the change in stock market value last week of factors, the overall 223 Supporting open-end funds generally change the relative position the previous week, -0.86%. If you ignore the impact of subscription for new fund, the Fund may take the initiative to the whole operation to lighten up slightly. Specifically, the pre-existing positions rallies fund holdings of higher signs of The existence of pre-position funds to cover short positions with lower behavior.
��Comments�� for the funds concerned, and to lighten up their Masukura are normal phenomena, mainly based on the size and position next to determine the relevant market, which the Fund also appeared on the differences between the current market. Year of the Ox under this interpretation of the structural funds to promote the sustained high-index rose for the fund will be larger after the adjustment concerns, and their shares rose too high, and there are signs rallies reduction; part of the short positions, wet storage are concerned about the fear of heights will blindly repeated loss of low chips to cover short positions arising from the phenomenon of pre-position the company to initiate a higher reduction of signs and the existence of pre-position the company to cover short positions with lower signs, which existed for long and short game showdown with the market, In addition, the very important factor, is like a tiger staring at market trends, it can not be ignored, for more than a cautious 2300 points better than blindly optimistic. (This message temporarily bearish for the market neutral)
14, this week Restricted Shares lifting of the ban last week the chain increased 38.0 billion five into
Shanghai Securities News: Statistics show that 42 listed companies this week, the restricted shares traded, the number of lifting the ban of 53 million shares, the scale of 380 million, compared with the previous weeks of 3.5 billion shares of restricted shares lifted 25.6 billion increase in the scale of five into the ring. which Dali Technology, Knopp letter and Joint Chemical 3 Restricted Shares of listed companies as the first of the original shareholders ban type-restricted shares; Fengle Seed , COFCO Property, JMC, Xian tour, Northeast Pharmaceutical remaining 37 listed companies and other restrictions on sale of shares lifted the share reform type of Restricted Shares. from the stock look, COFCO Property and Shen Shenfang A lifting of the ban larger, respectively, 7.8 million shares and 5.7 million shares of .42 listed companies, Shanghai Airlines, National Chiao Tung University Southeast Asia, the sea is medicine, sub-Po medicine, leading shares, Shandong Pharmaceutical Glass, Bayi Iron & Steel, Hyde shares and the Chinese listed company shares nine times the actual into the circulation. Suiheng Yun A, and the grain number of shares outstanding property to be no more than 30 million shares, close to the circulation. from last week into the circulation 6 times listed company, with a number of restricted shares in the final lifting of the ban period, the average weekly gain of 10.5%, far outperforming the broader market over the same period rose 6.4%, including molding technology, sublimation Beik, Xinxingufen and the power source 4 variety of weekly gain more than 12%.
��Comments�� As the market continues to heat up, every day more than 2000 billion yuan in trading volume, the lifting of the ban this week to increase the number of 38.0 billion does not seem to constitute a greater threat, but the cumulative effect or impact effect of heart should not be overlooked, especially on the trend of individual stocks is more attention. (The bearish news for the stock)
15, Zijin Mining to the Philippines to actively seek investment opportunities in
CNS: Zijin Mining positive seeking investment opportunities to the Philippines, the Philippines, officials said the revival of the country's mining industry has been the outcome. The Philippines Department of Environment and Natural Resources Deputy Minister ��������ŷ b �x���˹ŷ said it expected the economic power and resource-rich areas, such as China, India, Korea, Australia, the economy will soon recover and return to the track of long-term economic growth. The Philippines is Asia's economic strategy area, close to China, Japan, Korea and Australia, the main market, economic growth is expected to be bright.
Since 2005, Zijin Mining attempt to start investing overseas, worked in Canada, Russia, Peru, Tajikistan and other countries and regions invested in eight companies, the acquisition of mining projects, total investment of two hundred thirty million U.S. dollars. Zijin Mining is currently the gold annual output of more than fifty tons, is the largest gold-producing companies; million tonnes in annual production of copper, is the third largest producer of copper mining. It also has a number of gold and nonferrous metal mines under construction, China has become the control one of the largest amount of resources. At present, Zijin Mining has two large-scale foreign investment projects, one through the acquisition of control of listed companies in the UK White River copper-molybdenum mine projects in Peru, copper resource of 7.42 million tons Mo two hundred and eighty thousand tons; the other is gold project in Tajikistan, amounted to one hundred and seventy tons of gold resources.
��Comments�� in the background of the global financial crisis, China's large enterprises to go abroad, to invest overseas good prospects for development projects, is a rare opportunity. especially the non-ferrous metals after a sharp correction last year, the plays a more favorable opportunity. recent Chalco, Zijin Mining stocks such as the rise is a strong market for such investment behavior recognition. In the long run, this investment is very conducive to the development of business expansion, investment opportunities are pretty good. (the long-term good news for the stock)
16, the U.S. Senate finally approved the new economic stimulus plan
WASHINGTON, Feb. 13 Social Power: With the support of three Republican senators crucial to support the Democrats the Senate majority midnight tonight local time to sixty-eight than three vote, approved the House and Senate negotiations over the seven hundred eighty-seven billion U.S. dollars economic stimulus package the final version. At this point, the Obama administration's economic stimulus plan is basically the end of a legislative process, only to be signed into law next week, Barack Obama. ��Comments��
during the National Day last year, the Bush administration launched the final approval of a huge bailout, the U.S. stock market has not this resurgence. At present the administration's rescue plan also was the market's disdain for Wall Street to said that the economic recovery plan there is too much uncertainty, some people think that the program cost is too high, while others believe the amount is too small. No one believes the program will enable U.S. economic recovery. originated in the United States this financial crisis should also have a longer time to wait for elimination. (the message to the market bearish)
17, General Motors, stripping the company filed for bankruptcy protection or non-performing assets
Xinhua: According to the U.S., , auto giant General Motors is considering bankruptcy protection in the courts in order to be able to divest non-performing assets, restructuring the company quality business. in accordance with the previous agreement, GM and Chrysler can obtain government assistance provided 17.4 billion loan must come up with a reorganization plan before next Tuesday. According to Reuters, GM is working with creditors, negotiate auto workers unions in order to be able to strip 28 billion U.S. dollars in debt. However, on Tuesday reached an agreement before the negotiations, it may be difficult. in the United States , the legal basis for enterprises to apply for bankruptcy, there are two. The first is in accordance with the as surplus. The second is in accordance with the to Freddie Mac and Fannie Mae's government took over, the impact of the financial crisis in the U.S. economy from the virtual to the real economy, is still in progress, far end in sight. While the U.S. government stimulus plan huge shot several times, but the economic upturn too early, there are no signs of warming, particularly in the U.S. stock market last week approved a new round of massive stimulus package, the stock market instead of falling, face down Powei trend. Although the A-share market is unique in the world, continued strength, but the surrounding the trend of the stock market is worth our proper look at. (the message to the market bearish)
18, U.S. stocks closed lower Dow hit an 11-month low
U.S. stocks closed lower on Friday, Dow Jones Industrial Average index fell 82.35 points to close at 7850.41 points, the highest since November 20 last year, the lowest since a decline of 1.04%. Dow was in the Nov. 20 dropped to 7552.29 points. week, the Dow fell 5.2%. Dow A total of 30 constituent stocks of the 27 stocks fell, down 5.7% JP Morgan Chase. The House passed the $ 787,000,000,000 economic stimulus plan, the president will be announced next Wednesday repayment difficulties to provide assistance to home buyers plan outline. The above measures to determine whether the market can not work, investors also want to know how the U.S. government stripped troubled assets of financial institutions. investors that the reduction of loans to home buyers foreclosure plan will not immediately solve the problem of the financial system, financial sector under pressure fell 4.2%, the plate this week, down 10.2%, of which the weakest performance of banking stocks.
��Comments�� representative of the United States government bailouts around the world continue to unfold, but the fundamentals of the global economy has not been fundamental change in the real economy is not fully restored, would be difficult to really take a good global stock markets. Of course the specific circumstances of different countries, the extent of the financial crisis is different, A-share market market is a very obvious example, U.S. stocks appeared several times fall, A shares affected opened sharply lower on that day was quickly pulled after continued out of their own independent market, but in the A shares, after continuous heating up, gathered a lot of profit taking, the impact would be outside the panel, yet to be observed.
Comprehensive Review
news from today perspective, the macroeconomic front there are still aspects of the revitalization of industry, but also to break the routine even weeks, China's central bank issued central bank bills to ease liquidity in the news, U.S. stocks on Monday for the Presidents Day closed Monday and Tuesday are basically not affected outside the disc., but this week, pattern, subject shares hit out, or table have to occupy the forefront of some of the main control of the strong stock performance characteristics of a strong Hengqiang. rising from the low stocks have also been sought after the new funding. Today will face key technical points, Quotes of the 9.19 resistance near the high, broke through and effectively confirm whether a concern. As the volume of the further amplification of volatility, the two cities may increase. Investors should focus on the operation of wheeled plate changes, control the position, good fundamentals are concerned about the subject matter related to stocks, as well as today's news of the stock and plate, combined with the stock they appropriate for warehouse operation.
Wednesday, December 22, 2010
Mao Zedong and directing operations in the war of liberation of the three major mistakes people
Mao Zedong as a great military strategist said, is well deserved. There is legendary, Mao Zedong experienced and did not leave a scar on the body. This brings us to the question of smoke coming out from the war, Mao Zedong, has conducted hundreds of large and small battles, battles, it does not win every battle?
we must first understand the br> What is victory? What is defeat? figure out this premise, what is ever-victorious out of the question. According to my experience, speaking from a military history, victory has two meanings, one is to eliminate the enemy , although no one is to destroy the enemy but the battles to achieve the desired purpose. If the Soviet Union in the seven-seven Jie Jie Five of the seven war is to destroy the enemy, of course, is victory, not to destroy the enemy in two battles, but the complete task to achieve the expected goal, which is victory, so called did not come back, no doubt, it is defeat; There is also a consuming war, enemies that we have not been eliminated, but the injury is not small, there is no purpose to fight, which was also called for the defeat. If the enemy was completely wiped out called the defeat, the entire settlement of war, there is only one Golden Gate battle. If the consumption of battle called defeat, and that historically more, regardless of what people have. Datong as the Battle of 1946, we annihilate the enemy more than 8,000, but they are killing , very few prisoners. own casualties are great, the city did not take, and finally had to withdraw from battle. We say that it is consumed war is defeat.
more difficult war that consumed the conclusion, in a certain sense This loss can be called fight or defeat. because the battle is not the purpose of realization of large casualties, of course, the specific problems should be. such as the Long March we have a lot of consumption, the loss is enormous. Chairman Mao said, if that is a partial failure, a temporary failure, we admit, but tao said that the total failure of the Long March, which is wrong because we went to the northern Shaanxi, victory. In fact, consumption can not be called a real battle defeat, because our main is not sold, was not eliminated. such as Mao Zedong's military thought, there a is Chilebaizhang? Therefore, Mao Zedong is not victorious, not generally speaking, to analyze, what kind of victory, what kind of failure. This is my first question about, is relatively hard to say clearly the problem. The second problem
war battles of command guidance and different areas. As Mao Zedong, the Agrarian Revolutionary War, he personally commanded many battles, such as the Third against five wins battle, battle of attrition labeled as such victory or defeat with his command of nature has a direct relationship. But the Sino-Japanese War and the liberation war, he was army commander in chief, it is important of course to say in his campaigns and battles, but The main focus on strategic decisions. If he had mistakes, it is strategic decision-making mistakes, not a general failure on the campaign. of course, lost the battle to a specific campaign, may be subject to a telegram of Mao Zedong, not play a decisive role, but he is the decisive battlefield commanders. At the same time the guidance of Mao Zedong is always stressed in the campaign to lower ad hoc disposal of the commander, not everything asked the central government. it depends on whether the victorious Mao Zedong in These issues must be made clear.
third question
battles are many reasons for the failure, there is decision-making, but also problems of command, there is the question of the military action. If that is not generally defeat of Mao Zedong the subject, it is not clear. for many reasons Well, for example, Datong lost the battle, it should be said as the commander of Mao Zedong with the relationship, but also has a relationship with the battlefield command. So to talk about Mao's mistakes, but also his The mistake is one aspect in which? Which level? to be taken into account, analysis and research.
one mistake:
of Mao Zedong during the Liberation War Art of War into the peak period of military thinking is his most mature class. liberation war took more than four years only to destroy the enemy more than eight million, the liberation of the whole of China, such a big victory, but also rare in the world. In this sense, this decision is the right of Mao Zedong inseparable. otherwise we would not get such a big victory. This is the premise. must be affirmed. and then we ask, Mao Zedong in strategic decision-making a mistake not? we say, failure . from the time of speaking is like two or three months, after the war should be said of had some influence. failure is not the time or not, and Chiang Kai-shek negotiations. negotiations is correct, only through negotiations in order to understand the enemy, educate the masses, for a temporary peace, but also to win the time required to prepare their own. The question is January 13, 1946 cease-fire agreement reached after the two parties, too optimistic estimate of the situation, certainly too much for peace. In my opinion Mao Zedong Chiang Kai-shek is very wary of, and failure lies in judging the U.S. imperialism. Mao Zedong went to Chongqing negotiations, has repeatedly said that if the peace negotiations and the Chiang Kai-shek not successful, the Soviet Union may be out of U.S. and British intervention, after intervention Peace may also occur. Zedong in the past are not too many direct dealings with the United States, and indeed the anti-fascist war, the United States and Britain and the Soviet Union, or cooperation in general and, therefore, Susan Guo Mao Zedong's thought through the joint efforts of United States and Britain to pressure the international forces, can stop the civil war launched by Chiang Kai-shek.
Communist truce reached, Political Consultative Conference also adopted five resolutions on February 25 .1946 Communist troops of both sides reached a reorganization plan, Mao Zedong believed that the larger hope for peace. for the implementation of the Agreement .3 6 January he proposed demobilization of forces in two phases, the first phase of demobilization 1 / 3, the second phase of demobilization and then 1 / 3. At that time there were more than 130 million people in our military, such as through the two demobilization to only 40 million has.
should be said that relations with the central decision. But military itself can not say nothing. central directives in the face of the whole army, why not reduce the other field armies, on the contrary, some Field Army also expanded.
But then when the situation has changed, Mao Zedong issued a lot of operational instructions, child slowly turning a few Jin-Cha, field army is not quickly restored, and expand, so to play harmony, Jining, it is not enough troops. Bingshao, the battle to hard hit, of course, Datong, Jining did not play well, still a lot of other reasons.
demobilization or on Mao Zedong left hand. Again in the March 6 in the instructions, he also talked to a very Good arrangements for demobilization, the personnel and weapons into the countryside to prepare for changes in the situation in case of .3 months later, with the face of the gradual exposure of Chiang Kai-shek, Mao Zedong proposed based on the play, with the call for peace.
Chongqing negotiations, the CPC Central Committee on August 23, 1945, August 26 opened two Politburo meetings. at Mao talked about this: in the future to move to Nanjing, the KMT to the country's center in Nanjing, the War of Resistance Chongqing and Yan'an two centers will reduce the position. So the CPC Central Committee organs should move Huaiyin, which is considered the ruling Kuomintang recovery center in Nanjing, China *, as the authorities in Huaiyin Participating is easy to deal with the kinds of problems. Huaiyin located in northern Jiangsu plain, from the perspective of the war issue is not the place chosen Huaiyin.
1946 the CPC Central Committee on February 1 to focus on peace, on the instructions of March 15, to both emphasize peace, also stressed the road is tortuous, to prepare for possible emergencies. but after two months. It should also be noted that, Mao Zedong During this time, that is from November 1945, illness due to overwork began to recuperate slowly until the end of December to resume work until after March, are half working half-closed. that time is mainly Liu Shaoqi charge of the work, so some of the responsibility after the head count to Liu Shaoqi. In fact, not a question of who has responsibility in no responsibility, the CPC Central Committee is a collective leadership. including Mao Zedong, including, it should be recognized that on many important issues is the same. new phase operations, it is not in line with the prevailing circumstances of a war plan. South Line project, we usually called the armed onslaught Jin Pulu, that the Shanxi, Shandong, North China Jin Pulu both sides of the three forces in combat, the first stage Shandong to Xuzhou, Bengbu fight between the field army; Shanxi-Field Army to fight Lianyungang to Xuzhou section of Kaifeng, Central China Field Army to fight to Pukou between Bengbu and then, as the case of Jin Ye, Huai River south of the mountain out to fight. This program is offensive in nature, his purpose is to secure a big win, forcing Chiang Kai-shek to accept peace. If we say that we did take was to lead to the liberated areas to fight the enemies of the active defense policy, then 6,7 and July 1946, Mao Zedong, considered is take the initiative to break out, the offensive approach. So we say it is not realistic. because the power was not sufficient to reach an outside line, the enemy is very powerful.
when the southern route planning, the Su Yu had suggestion, he said, according to the strength of his hand, to the Huainan operations (Section of Bengbu to Nanjing East and the West) there are difficulties. First Huainan unfamiliar situation, and second, there are too poor, large formation can not be active. On the contrary in the Soviet Union Su Yu activities for eight years, the situation is very familiar with that war do not have to map. people in very good condition; the same time the Soviet Union a very rich population, so he suggested that the Shanxi and Shandong Field Army Field Army attack Jin Pulu, the Central China Field Army, the first step, played in the Soviet Union, the second step and then moved to Huainan. Zedong saw the proposal, told Chen Yi, you first stop, we'll think about it. see Mao in considering the original plan can not be fully implemented. Later, received Zhou Enlai's briefing, said that Chiang Kai-shek is about to launch a full-scale attack, attack not only liberated the Central Plains, but also to attack other liberated areas.
Mao said in this case, we first make a few victories in the paint, the more politically active, also shows the weakness of the enemy. This is the beginning of the war to master the two basic problems. politically expedient, to win hearts and minds. to see the enemy's weaknesses, as Chiang Kai-shek in the end how much capital, especially the United States armed forces and equipment , can not be wiped out, we lack confidence. As a result, the downtown plan to be changed. then gradually see our favorable conditions for battle in the paint a lot, so Mao Su Yu said, you will be playing in the Soviet Union, the Soviet Union won the battle, the role of other regions with large operations in other programs is not considered. By this time, Mao Zedong's views have become victorious on where to hit .1946, where the Soviet Union in the month of July 7-8 Seven fight Jie, along with other regions inside the victory of war, but also made Mao recognized that the implementation of inside operations, active defense is more favorable, although some places to throw away. but lost place is not terrible, the key is to destroy the enemy. to October 1, Mao Zedong, the CPC Central Committee drafted the , > Mao Zedong's military thinking, an important element to that of warfare. warfare, the most it can help people the flexibility, initiative to play to the highest level. warfare is intended to be confined in a city a place of gains and losses, and to destroy the enemy for the purpose of . Chiang Kai-shek after the occupation is very proud of Yan'an, Mao Zedong said, it was Chiang Kai-shek defeat. So, the downtown planning, is a momentary mistake, but the South line program to change soon, but it is always consistent with Mao Zedong's military thinking. Mao Zedong's good at the same time that reasonable proposals from the following lessons to correct and enrich their own decisions, good at summing up experience from practice, which is also the reach of Chiang price of stone. Chiang price of stone is a very opinionated person.
North Line Scheme four cities, also known as three-way plan. three-way, means an occupation of a section of the Ping-Han Lu, is too Road and Tongpu Road. four cities, simply more capture Shijiazhuang, Baoding, Taiyuan and Datong. The plan has caused some losses. major Datong issues reflected in the play. Datong campaign started from July 1946, first played in the periphery. play should be the county, it is a long time without playing down the casualties we have a great dated 1 .8 T have asked the Jin Mao Review Hebei Military Region, said the county should Jiugong not be able to, what was the reason? ask you to consider how to play the grasp of common ground? If common ground to fight for it, what will happen? hope you quickly and give replies. This shows that Mao also considering Because the county should be very difficult to play, then hit Datong are not sure of it? 2, Jin-Cha-convened meeting of senior cadres, that is playing the most favorable Datong. Datong is a safe play. So officially decided to play Datong The results did not play down. Datong lost, our army began to fall into a passive, and soon occupied by the enemy to Zhangjiakou.
common ground lost to see how, with the three-way four-city plan, since the common ground in the implementation of three-way battle four the case of city-sponsored program. from the circumstances at the time, our army siege of a lack of experience, equipment is also poor. three-way four-city plan is to invade the city-based, so this decision is inconsistent with the actual situation. Mao Zedong, then a person is not the responsibility of light? I see no. because Jinchaji telegram says very clearly, although there are 18,000 people Datong enemy, but the basic are the local forces by the Kuomintang and the puppet woven , rigged, fighting is not strong, but fortifications Xiude Hao. If the well field organization, command well, playing down is not completely possible. So Datong loss, has a relationship with the battlefield commander.
Datong War, playing more than a month before they wipe out the external and Chengguan defenders, then, by the aid of the enemy has Guisui approaching Jining. Datong Datong front-line commander determined to stop attacking, to surround the transfer set of the main offensive Ying Jian ning of the enemy. and for various reasons, failed to reach the purpose of annihilating them, Jining fall, surrounded by common ground forces had to take the initiative to withdraw the rest around. Datong, after losing the Battle of Jining, Mao Zedong has given up three-way four actual city plan, to destroy the enemy inside the implementation of policy .9 18, he gave a telegram Jin-Cha, pointed out: to annihilate the invasion to fight the enemies of Zhangjiakou, but such a plan to annihilate the enemy is under the slogan of defending the mobilization Chahar to destroy the enemy's effective strength-based, not place-based conservative individual, so the main mobility difficulties, actively fighting the enemy to find a good play. Since then, although we lost Zhangjiakou, but began in a broader geographical basis in the liberated areas favorable conditions for the effective elimination of the enemy's operations. North and South line of active defense strategy, the establishment and implementation of timely and gradually narrow the enemy and the enemy troops on the contrast between strong and weak, for the army and later transferred to the strategic offensive and attack the foundation. The third mistake
:
third mistake is the beginning of 1948 led by Mao Zedong to Su Yu and the three columns advancing south. Of course, this decision is correct, the current Party circles and some different views.
1947 �� 7 January to September, Liu and Deng, Chen Xie, Chen Su force three-way advance the Central Plains to October in full swing, the battle inside the enemy transferred to the Central Plains, so that our army in Shandong, southern Shanxi, Shaanxi and other regions inside the situation improved, and gradually to the offensive, to recover a lot of ground. Zedong from this experience in that, if the war continues to lead the District of Chiang, the situation in the Central Plains region can be improved. because when fully expanded armed forces in the Central Plains region, the Chiang Kai-shek and are the main forces concentrated in the Central Plains, Central Plains there a stalemate situation. To break this situation, Su Yu, Mao asked to prepare to lead three columns across the river opened up a new battlefield. two and a half later, April 18, 1948, Su Yu After careful consideration, sent a telegram to the Central, the proposed temporary or fight to stay in the Central Plains region, which will help destroy the enemy. At this time, the situation has taken place in the Central Plains will help us change, base has gradually consolidated, and began to play some medium-scale campaign, such as Luoyang campaign and so on. So, after Mao Zedong sent a telegram to Chen Yi, Su Yu, and once to the Central further study. In fact, Mao is also studying whether the original plan all right, or he would not name Su Yu opened early to the central to the central .5 secretary of the meeting, approved the views of Su Yu, under the South abandoned the original plan to open up a new battlefield.
attracted to the Central Plains region of the Chiang inside the battlefield in order to improve the situation, this is the good plan. but want deep south Su Yu Chiang area in order to attract the enemy along the southbound main part of the plan is different.
First Jiangnan more water network and mountainous areas, activities up and not so easy in the Central Plains;
second, the Central Plains has been operating for a few months by the army, gradually began to have the conditions for heavy fighting, there is no South;
third, behind the Central Plains may rely on the support of operations, south far from the rear, the need for a very long launch people, business process areas;
Fourth, some of the original Central Plains battlefield Chiang after the elite troops to the south due to equipment limitations, can not play the role, it will not necessarily follow to the south.
so this decision Mao is inconsistent or not fully comply with the South line of battle was for real, so I said he was a mistake on this decision. Of course, we can not say that Su Yu south with three columns will appear after how to unfavorable situation, because history can not be assumed by imagination. But one thing is certain, is not the overall situation was that the smooth development, there is no Yudong, Jinan, Huaihai Campaign is very difficult to say.
in strategic decision-making, Mao Zedong total of it is correct, and indeed was a great commander. But the mistakes of local, local do not meet the objective reality of the decision is Yes, become the enemy because I changed the war, both sides are moving, have sought to secrecy, so Any decisions are not foolproof. valuable is that when he makes decisions and then still keep in mind the changes ahead, always listen to the comments below, and gradually modify their decision to make better, more correct.
just Jianguo , to liberate the problem very complicated. Mao Zedong did not focus more say in operational issues. Kinmen did not play down, there are objective reasons and subjective reasons. not prepared before the war, fighters do not master the battlefield is not highly centralized command the theater commander does not have the energy to play on the Golden Gate on. This had an impact on the campaign's failure. is that he attacked and promote. blindly like to catch before the arrival of Chiang won the Golden Gate reinforcements. crossing and landing, the original Imagine a night to lead two groups of forces, but in fact, the first batch of troops crossing to Kinmen Island, the day was almost spent, and also at low tide, the results come back on the beach like a stranded, sunk by enemy aircraft are , and has no backup boat, not ship the second batch of troops to follow up, do not increase, the three groups on the island three days and nights fighting hard, annihilated.
Central to this responsibility, then there is on Kinmen war is not enough emphasis on the characteristics of crossing not considered fully operational. So after losing the Golden Gate, resort on Hainan Island to accept the lesson, are fully prepared in all aspects. Mao was personally involved in the matter. results in one go and lay on Hainan Island.
Liberation War battlefield thousands of miles of Mao Zedong is indeed a masterpiece of that great strategist. Correspondingly, is the Chiang Kai-shek's defeat. the situation changes so fast, then, as Chiang Kai-shek Where is his mistake?
the ideological rigidity Kai-shek, the status quo. Chiang Kai-shek had a famous case, that to occupy an important step in our urban and transport positions, vertical and horizontal extension of the second step, controlling all the lines, and finally destroy the enemy. Of course, this is from the military said. In fact, the most fundamental thing is the corruption of Chiang Kai-shek himself politically themselves defeated.
Shangougou came out of the Chiang Kai-shek Mao Zedong is still better skill than formal academic training.
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we must first understand the br> What is victory? What is defeat? figure out this premise, what is ever-victorious out of the question. According to my experience, speaking from a military history, victory has two meanings, one is to eliminate the enemy , although no one is to destroy the enemy but the battles to achieve the desired purpose. If the Soviet Union in the seven-seven Jie Jie Five of the seven war is to destroy the enemy, of course, is victory, not to destroy the enemy in two battles, but the complete task to achieve the expected goal, which is victory, so called did not come back, no doubt, it is defeat; There is also a consuming war, enemies that we have not been eliminated, but the injury is not small, there is no purpose to fight, which was also called for the defeat. If the enemy was completely wiped out called the defeat, the entire settlement of war, there is only one Golden Gate battle. If the consumption of battle called defeat, and that historically more, regardless of what people have. Datong as the Battle of 1946, we annihilate the enemy more than 8,000, but they are killing , very few prisoners. own casualties are great, the city did not take, and finally had to withdraw from battle. We say that it is consumed war is defeat.
more difficult war that consumed the conclusion, in a certain sense This loss can be called fight or defeat. because the battle is not the purpose of realization of large casualties, of course, the specific problems should be. such as the Long March we have a lot of consumption, the loss is enormous. Chairman Mao said, if that is a partial failure, a temporary failure, we admit, but tao said that the total failure of the Long March, which is wrong because we went to the northern Shaanxi, victory. In fact, consumption can not be called a real battle defeat, because our main is not sold, was not eliminated. such as Mao Zedong's military thought, there a is Chilebaizhang? Therefore, Mao Zedong is not victorious, not generally speaking, to analyze, what kind of victory, what kind of failure. This is my first question about, is relatively hard to say clearly the problem. The second problem
war battles of command guidance and different areas. As Mao Zedong, the Agrarian Revolutionary War, he personally commanded many battles, such as the Third against five wins battle, battle of attrition labeled as such victory or defeat with his command of nature has a direct relationship. But the Sino-Japanese War and the liberation war, he was army commander in chief, it is important of course to say in his campaigns and battles, but The main focus on strategic decisions. If he had mistakes, it is strategic decision-making mistakes, not a general failure on the campaign. of course, lost the battle to a specific campaign, may be subject to a telegram of Mao Zedong, not play a decisive role, but he is the decisive battlefield commanders. At the same time the guidance of Mao Zedong is always stressed in the campaign to lower ad hoc disposal of the commander, not everything asked the central government. it depends on whether the victorious Mao Zedong in These issues must be made clear.
third question
battles are many reasons for the failure, there is decision-making, but also problems of command, there is the question of the military action. If that is not generally defeat of Mao Zedong the subject, it is not clear. for many reasons Well, for example, Datong lost the battle, it should be said as the commander of Mao Zedong with the relationship, but also has a relationship with the battlefield command. So to talk about Mao's mistakes, but also his The mistake is one aspect in which? Which level? to be taken into account, analysis and research.
one mistake:
of Mao Zedong during the Liberation War Art of War into the peak period of military thinking is his most mature class. liberation war took more than four years only to destroy the enemy more than eight million, the liberation of the whole of China, such a big victory, but also rare in the world. In this sense, this decision is the right of Mao Zedong inseparable. otherwise we would not get such a big victory. This is the premise. must be affirmed. and then we ask, Mao Zedong in strategic decision-making a mistake not? we say, failure . from the time of speaking is like two or three months, after the war should be said of had some influence. failure is not the time or not, and Chiang Kai-shek negotiations. negotiations is correct, only through negotiations in order to understand the enemy, educate the masses, for a temporary peace, but also to win the time required to prepare their own. The question is January 13, 1946 cease-fire agreement reached after the two parties, too optimistic estimate of the situation, certainly too much for peace. In my opinion Mao Zedong Chiang Kai-shek is very wary of, and failure lies in judging the U.S. imperialism. Mao Zedong went to Chongqing negotiations, has repeatedly said that if the peace negotiations and the Chiang Kai-shek not successful, the Soviet Union may be out of U.S. and British intervention, after intervention Peace may also occur. Zedong in the past are not too many direct dealings with the United States, and indeed the anti-fascist war, the United States and Britain and the Soviet Union, or cooperation in general and, therefore, Susan Guo Mao Zedong's thought through the joint efforts of United States and Britain to pressure the international forces, can stop the civil war launched by Chiang Kai-shek.
Communist truce reached, Political Consultative Conference also adopted five resolutions on February 25 .1946 Communist troops of both sides reached a reorganization plan, Mao Zedong believed that the larger hope for peace. for the implementation of the Agreement .3 6 January he proposed demobilization of forces in two phases, the first phase of demobilization 1 / 3, the second phase of demobilization and then 1 / 3. At that time there were more than 130 million people in our military, such as through the two demobilization to only 40 million has.
should be said that relations with the central decision. But military itself can not say nothing. central directives in the face of the whole army, why not reduce the other field armies, on the contrary, some Field Army also expanded.
But then when the situation has changed, Mao Zedong issued a lot of operational instructions, child slowly turning a few Jin-Cha, field army is not quickly restored, and expand, so to play harmony, Jining, it is not enough troops. Bingshao, the battle to hard hit, of course, Datong, Jining did not play well, still a lot of other reasons.
demobilization or on Mao Zedong left hand. Again in the March 6 in the instructions, he also talked to a very Good arrangements for demobilization, the personnel and weapons into the countryside to prepare for changes in the situation in case of .3 months later, with the face of the gradual exposure of Chiang Kai-shek, Mao Zedong proposed based on the play, with the call for peace.
Chongqing negotiations, the CPC Central Committee on August 23, 1945, August 26 opened two Politburo meetings. at Mao talked about this: in the future to move to Nanjing, the KMT to the country's center in Nanjing, the War of Resistance Chongqing and Yan'an two centers will reduce the position. So the CPC Central Committee organs should move Huaiyin, which is considered the ruling Kuomintang recovery center in Nanjing, China *, as the authorities in Huaiyin Participating is easy to deal with the kinds of problems. Huaiyin located in northern Jiangsu plain, from the perspective of the war issue is not the place chosen Huaiyin.
1946 the CPC Central Committee on February 1 to focus on peace, on the instructions of March 15, to both emphasize peace, also stressed the road is tortuous, to prepare for possible emergencies. but after two months. It should also be noted that, Mao Zedong During this time, that is from November 1945, illness due to overwork began to recuperate slowly until the end of December to resume work until after March, are half working half-closed. that time is mainly Liu Shaoqi charge of the work, so some of the responsibility after the head count to Liu Shaoqi. In fact, not a question of who has responsibility in no responsibility, the CPC Central Committee is a collective leadership. including Mao Zedong, including, it should be recognized that on many important issues is the same. new phase operations, it is not in line with the prevailing circumstances of a war plan. South Line project, we usually called the armed onslaught Jin Pulu, that the Shanxi, Shandong, North China Jin Pulu both sides of the three forces in combat, the first stage Shandong to Xuzhou, Bengbu fight between the field army; Shanxi-Field Army to fight Lianyungang to Xuzhou section of Kaifeng, Central China Field Army to fight to Pukou between Bengbu and then, as the case of Jin Ye, Huai River south of the mountain out to fight. This program is offensive in nature, his purpose is to secure a big win, forcing Chiang Kai-shek to accept peace. If we say that we did take was to lead to the liberated areas to fight the enemies of the active defense policy, then 6,7 and July 1946, Mao Zedong, considered is take the initiative to break out, the offensive approach. So we say it is not realistic. because the power was not sufficient to reach an outside line, the enemy is very powerful.
when the southern route planning, the Su Yu had suggestion, he said, according to the strength of his hand, to the Huainan operations (Section of Bengbu to Nanjing East and the West) there are difficulties. First Huainan unfamiliar situation, and second, there are too poor, large formation can not be active. On the contrary in the Soviet Union Su Yu activities for eight years, the situation is very familiar with that war do not have to map. people in very good condition; the same time the Soviet Union a very rich population, so he suggested that the Shanxi and Shandong Field Army Field Army attack Jin Pulu, the Central China Field Army, the first step, played in the Soviet Union, the second step and then moved to Huainan. Zedong saw the proposal, told Chen Yi, you first stop, we'll think about it. see Mao in considering the original plan can not be fully implemented. Later, received Zhou Enlai's briefing, said that Chiang Kai-shek is about to launch a full-scale attack, attack not only liberated the Central Plains, but also to attack other liberated areas.
Mao said in this case, we first make a few victories in the paint, the more politically active, also shows the weakness of the enemy. This is the beginning of the war to master the two basic problems. politically expedient, to win hearts and minds. to see the enemy's weaknesses, as Chiang Kai-shek in the end how much capital, especially the United States armed forces and equipment , can not be wiped out, we lack confidence. As a result, the downtown plan to be changed. then gradually see our favorable conditions for battle in the paint a lot, so Mao Su Yu said, you will be playing in the Soviet Union, the Soviet Union won the battle, the role of other regions with large operations in other programs is not considered. By this time, Mao Zedong's views have become victorious on where to hit .1946, where the Soviet Union in the month of July 7-8 Seven fight Jie, along with other regions inside the victory of war, but also made Mao recognized that the implementation of inside operations, active defense is more favorable, although some places to throw away. but lost place is not terrible, the key is to destroy the enemy. to October 1, Mao Zedong, the CPC Central Committee drafted the , > Mao Zedong's military thinking, an important element to that of warfare. warfare, the most it can help people the flexibility, initiative to play to the highest level. warfare is intended to be confined in a city a place of gains and losses, and to destroy the enemy for the purpose of . Chiang Kai-shek after the occupation is very proud of Yan'an, Mao Zedong said, it was Chiang Kai-shek defeat. So, the downtown planning, is a momentary mistake, but the South line program to change soon, but it is always consistent with Mao Zedong's military thinking. Mao Zedong's good at the same time that reasonable proposals from the following lessons to correct and enrich their own decisions, good at summing up experience from practice, which is also the reach of Chiang price of stone. Chiang price of stone is a very opinionated person.
North Line Scheme four cities, also known as three-way plan. three-way, means an occupation of a section of the Ping-Han Lu, is too Road and Tongpu Road. four cities, simply more capture Shijiazhuang, Baoding, Taiyuan and Datong. The plan has caused some losses. major Datong issues reflected in the play. Datong campaign started from July 1946, first played in the periphery. play should be the county, it is a long time without playing down the casualties we have a great dated 1 .8 T have asked the Jin Mao Review Hebei Military Region, said the county should Jiugong not be able to, what was the reason? ask you to consider how to play the grasp of common ground? If common ground to fight for it, what will happen? hope you quickly and give replies. This shows that Mao also considering Because the county should be very difficult to play, then hit Datong are not sure of it? 2, Jin-Cha-convened meeting of senior cadres, that is playing the most favorable Datong. Datong is a safe play. So officially decided to play Datong The results did not play down. Datong lost, our army began to fall into a passive, and soon occupied by the enemy to Zhangjiakou.
common ground lost to see how, with the three-way four-city plan, since the common ground in the implementation of three-way battle four the case of city-sponsored program. from the circumstances at the time, our army siege of a lack of experience, equipment is also poor. three-way four-city plan is to invade the city-based, so this decision is inconsistent with the actual situation. Mao Zedong, then a person is not the responsibility of light? I see no. because Jinchaji telegram says very clearly, although there are 18,000 people Datong enemy, but the basic are the local forces by the Kuomintang and the puppet woven , rigged, fighting is not strong, but fortifications Xiude Hao. If the well field organization, command well, playing down is not completely possible. So Datong loss, has a relationship with the battlefield commander.
Datong War, playing more than a month before they wipe out the external and Chengguan defenders, then, by the aid of the enemy has Guisui approaching Jining. Datong Datong front-line commander determined to stop attacking, to surround the transfer set of the main offensive Ying Jian ning of the enemy. and for various reasons, failed to reach the purpose of annihilating them, Jining fall, surrounded by common ground forces had to take the initiative to withdraw the rest around. Datong, after losing the Battle of Jining, Mao Zedong has given up three-way four actual city plan, to destroy the enemy inside the implementation of policy .9 18, he gave a telegram Jin-Cha, pointed out: to annihilate the invasion to fight the enemies of Zhangjiakou, but such a plan to annihilate the enemy is under the slogan of defending the mobilization Chahar to destroy the enemy's effective strength-based, not place-based conservative individual, so the main mobility difficulties, actively fighting the enemy to find a good play. Since then, although we lost Zhangjiakou, but began in a broader geographical basis in the liberated areas favorable conditions for the effective elimination of the enemy's operations. North and South line of active defense strategy, the establishment and implementation of timely and gradually narrow the enemy and the enemy troops on the contrast between strong and weak, for the army and later transferred to the strategic offensive and attack the foundation. The third mistake
:
third mistake is the beginning of 1948 led by Mao Zedong to Su Yu and the three columns advancing south. Of course, this decision is correct, the current Party circles and some different views.
1947 �� 7 January to September, Liu and Deng, Chen Xie, Chen Su force three-way advance the Central Plains to October in full swing, the battle inside the enemy transferred to the Central Plains, so that our army in Shandong, southern Shanxi, Shaanxi and other regions inside the situation improved, and gradually to the offensive, to recover a lot of ground. Zedong from this experience in that, if the war continues to lead the District of Chiang, the situation in the Central Plains region can be improved. because when fully expanded armed forces in the Central Plains region, the Chiang Kai-shek and are the main forces concentrated in the Central Plains, Central Plains there a stalemate situation. To break this situation, Su Yu, Mao asked to prepare to lead three columns across the river opened up a new battlefield. two and a half later, April 18, 1948, Su Yu After careful consideration, sent a telegram to the Central, the proposed temporary or fight to stay in the Central Plains region, which will help destroy the enemy. At this time, the situation has taken place in the Central Plains will help us change, base has gradually consolidated, and began to play some medium-scale campaign, such as Luoyang campaign and so on. So, after Mao Zedong sent a telegram to Chen Yi, Su Yu, and once to the Central further study. In fact, Mao is also studying whether the original plan all right, or he would not name Su Yu opened early to the central to the central .5 secretary of the meeting, approved the views of Su Yu, under the South abandoned the original plan to open up a new battlefield.
attracted to the Central Plains region of the Chiang inside the battlefield in order to improve the situation, this is the good plan. but want deep south Su Yu Chiang area in order to attract the enemy along the southbound main part of the plan is different.
First Jiangnan more water network and mountainous areas, activities up and not so easy in the Central Plains;
second, the Central Plains has been operating for a few months by the army, gradually began to have the conditions for heavy fighting, there is no South;
third, behind the Central Plains may rely on the support of operations, south far from the rear, the need for a very long launch people, business process areas;
Fourth, some of the original Central Plains battlefield Chiang after the elite troops to the south due to equipment limitations, can not play the role, it will not necessarily follow to the south.
so this decision Mao is inconsistent or not fully comply with the South line of battle was for real, so I said he was a mistake on this decision. Of course, we can not say that Su Yu south with three columns will appear after how to unfavorable situation, because history can not be assumed by imagination. But one thing is certain, is not the overall situation was that the smooth development, there is no Yudong, Jinan, Huaihai Campaign is very difficult to say.
in strategic decision-making, Mao Zedong total of it is correct, and indeed was a great commander. But the mistakes of local, local do not meet the objective reality of the decision is Yes, become the enemy because I changed the war, both sides are moving, have sought to secrecy, so Any decisions are not foolproof. valuable is that when he makes decisions and then still keep in mind the changes ahead, always listen to the comments below, and gradually modify their decision to make better, more correct.
just Jianguo , to liberate the problem very complicated. Mao Zedong did not focus more say in operational issues. Kinmen did not play down, there are objective reasons and subjective reasons. not prepared before the war, fighters do not master the battlefield is not highly centralized command the theater commander does not have the energy to play on the Golden Gate on. This had an impact on the campaign's failure. is that he attacked and promote. blindly like to catch before the arrival of Chiang won the Golden Gate reinforcements. crossing and landing, the original Imagine a night to lead two groups of forces, but in fact, the first batch of troops crossing to Kinmen Island, the day was almost spent, and also at low tide, the results come back on the beach like a stranded, sunk by enemy aircraft are , and has no backup boat, not ship the second batch of troops to follow up, do not increase, the three groups on the island three days and nights fighting hard, annihilated.
Central to this responsibility, then there is on Kinmen war is not enough emphasis on the characteristics of crossing not considered fully operational. So after losing the Golden Gate, resort on Hainan Island to accept the lesson, are fully prepared in all aspects. Mao was personally involved in the matter. results in one go and lay on Hainan Island.
Liberation War battlefield thousands of miles of Mao Zedong is indeed a masterpiece of that great strategist. Correspondingly, is the Chiang Kai-shek's defeat. the situation changes so fast, then, as Chiang Kai-shek Where is his mistake?
the ideological rigidity Kai-shek, the status quo. Chiang Kai-shek had a famous case, that to occupy an important step in our urban and transport positions, vertical and horizontal extension of the second step, controlling all the lines, and finally destroy the enemy. Of course, this is from the military said. In fact, the most fundamental thing is the corruption of Chiang Kai-shek himself politically themselves defeated.
Shangougou came out of the Chiang Kai-shek Mao Zedong is still better skill than formal academic training.
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Tuesday, December 21, 2010
Club World Cup - and then Milito injured Sneijder shot pass south of the finals 3-0 Inter Milan
Pandev Hao Zheqie break into the box on the right, Moreno blown foul him. The first 61 minutes, Pandev Zhise restricted the right, Stankovic shot but did not directly hit the Luaituoao cross high in the bottom line into the first to he denied. The first 66 minutes, breaking the left wing root Zhao upset defense, Zhao Zhe contained 21 meters in front of left foot volley passing beam!
Motta then replacing Sneijder played. The first 8 minutes, is long-range Radon Jura?i? he denied the bottom line, then the offensive corner, pull down to the ground behind the East Jura?i? Lucio, Lucio seems right ankle injury, but still able to adhere to the game. Eto'o seems to be high in adult elbow behind the action. 14 minutes, Cao Bing Councils are tipped Milito, Stankovic free kick was destroyed. the first 16 minutes, Pandev left foot shot was Zheng Cheng received .1 minutes later, Molina greatly missed long-range left foot bottom line.
addition to Samuel is still sidelined with injuries, Cesar , Sneijder, Milito, Chivu, and many other main back, basically the main line Inter played, Maicon also appears in the bench. Blatter attended the match. opening, the South and the defensive action of a large, Sneh Tak-hwan was kicked in the left thigh Jincheng, face pain treatment. Inter Milan 1 less to play the first 3 minutes the first to break! Eto'o left forward pass, the frontier closed area Milito is back hitting the ball to plug the Stan Covey Odd, Stankovic point 14 meters away from the door into the far corner at the oblique, 1 to 0.
the first 20 minutes, Milito back Zhise closed, but Zheng Cheng Pandev grab in the front, south of I and subsequently played back, Zhao restricted the right of the root mass seems like over the front of the fire. The first 23 minutes, Cole and more tile was hand movements Zhengding Radon Jura?i? tipped over. The first 31 minutes, kicking down the back of 奥格内诺夫 Chomsky Stankovic, Panama, the referee finally showed the first yellow card Moreno.
Cuicheng Guo and Zhao Zhe has set off the stage, Song Haoying and Tianguang really came off the bench. The first 72 minutes, Molina weak external Cesar left foot low drive was obtained. Inter 73 minutes, and the next city! the ball Stankovic, Samuel Eto'o left the restricted area 10 meters away from the door saved Tui is Zheng Cheng, Milito in the spared from war 7 meters away from the door at the bottom left corner of the left foot into the relevant statistic procedures, 3 to 0. Seongnam will miss the first 76 minutes into the opportunities, 奥格内诺夫 Gaussian 25 meters in front of the strong low shot went through the free kick wall, Cesar saved the ball, pull the East Jura?i? 8 meters in front of misses to the left make Shekong Men. Milito and was replaced Chivu, Inter Milan will be 3 to 0 advantage to keep to the whistle. < / p>
Inter Milan (4-2-3-1): 1 - Cesar / 4 - Javier Zanetti (C), 2 - Cordoba, 6 - Lucio, 26 - Chivu (79'39-Thornton) / 19 - Esteban Cambiasso, 5 - Stankovic / 27 - Pandev, 10 - Sneijder, 9 - Samuel Eto'o / 22 - Gabriel Milito (77'11-Monta ri) (Substitutes: 12 - Custer Lacy, 21 - Orlandoni, 8 - Motta, 13 - Maicon, 17 - mariga, 23 - Marco Materazzi, 31 - Allie Becky, 36 - Benner Dirty, 40 - En million Watershed, 88 - Biya Biya Ni)
Seongnam Chunma (4-1-4-1): 1 - Zheng Cheng / 2 - high in adult, 5 - Cao Bing Bureau, 4 - 奥格内诺夫 Nowitzki (C), 22 - Hao Zhe / 16 - Jin Cheng Huan / 11 - Molina, 30 - set Zhe Zhao (68'6-Tianguang true), 8 - Cui Chengguo (67'14-Song Haoying), 9 - Zhao Root / 10 - Radon Jura?i? (87'20-Jin Zhenyong) (Substitutes: 41 - River into view, 3 - Yun-Ying Shan, 13 - Zheng Hao is, 18 - South Christine purposes, 26 - Zhang Xi Yuan, 32 - Pu Shangxi, 38 - Wing XuanZhen)
second half started 71 seconds, Cui Chengguo anti- offside trap, in the restricted area 11 meters away from the door at the right side of his right foot volley off his feet. the first 48 minutes, crossing the ball Eto'o transfer, Stankovic left Hui Qiao, Milito left edge of the area not marked low drive strength, Zheng Cheng received the ball. The first 51 minutes, Inter left corner is damaged, Pandev 20 meters in front of the chest, left foot volley wide of the near post stop the ball. The first 55 minutes, Molina out of the right corner, Austria格内诺夫斯基 7 meters in front of the header above. then Molina left foot in front of 24 meters above the relevant statistic procedures.
Beijing at 1:00 on December 16 (UAE local time at 21:00 on the 15th), Club World Cup semi-final 2 games in the Zayed Sports City Stadium, Abu Dhabi race, 3 to 0 victory over Inter Milan and the South one day horse, with the African champions Mazet mbe championship. Sneijder injured opening soon, Stankovic opened the scoring, assists Zanetti Milito scored, and then netted a goal himself. a little before the game, in the North American Championship with chasing the ball 2 to 2 level 2 host team Wa Heda, and 4 to 2 on penalties to win the war, won the first five.
Inter 33 minutes to expand the score! Zanetti Youlei break forward pass, restricted the right heel pass from Milito, Javier Zanetti 11 meters in front of his right foot into the bottom left corner Tongshe, 2 to 0 . then south a threat and kick discrete manufacturing. The first 34 minutes, Molina 30 meters in front of left foot free kick wide of the right post. The first 36 minutes, Molina left free kick, Radon Jura?i? header rub flying to the near corner was asked out of Cesar. The first 42 minutes, Cambiasso foul, Molina restricted the right of crossing the ball left foot kick, Cao Bing Board 6 meters in front of the right rather than taking a little post! first half injury time, Stankovic foul behind the root of Zhao, Molina 21 meters in front of left foot free kick taking a trip Shaopian column!
Motta then replacing Sneijder played. The first 8 minutes, is long-range Radon Jura?i? he denied the bottom line, then the offensive corner, pull down to the ground behind the East Jura?i? Lucio, Lucio seems right ankle injury, but still able to adhere to the game. Eto'o seems to be high in adult elbow behind the action. 14 minutes, Cao Bing Councils are tipped Milito, Stankovic free kick was destroyed. the first 16 minutes, Pandev left foot shot was Zheng Cheng received .1 minutes later, Molina greatly missed long-range left foot bottom line.
addition to Samuel is still sidelined with injuries, Cesar , Sneijder, Milito, Chivu, and many other main back, basically the main line Inter played, Maicon also appears in the bench. Blatter attended the match. opening, the South and the defensive action of a large, Sneh Tak-hwan was kicked in the left thigh Jincheng, face pain treatment. Inter Milan 1 less to play the first 3 minutes the first to break! Eto'o left forward pass, the frontier closed area Milito is back hitting the ball to plug the Stan Covey Odd, Stankovic point 14 meters away from the door into the far corner at the oblique, 1 to 0.
the first 20 minutes, Milito back Zhise closed, but Zheng Cheng Pandev grab in the front, south of I and subsequently played back, Zhao restricted the right of the root mass seems like over the front of the fire. The first 23 minutes, Cole and more tile was hand movements Zhengding Radon Jura?i? tipped over. The first 31 minutes, kicking down the back of 奥格内诺夫 Chomsky Stankovic, Panama, the referee finally showed the first yellow card Moreno.
Cuicheng Guo and Zhao Zhe has set off the stage, Song Haoying and Tianguang really came off the bench. The first 72 minutes, Molina weak external Cesar left foot low drive was obtained. Inter 73 minutes, and the next city! the ball Stankovic, Samuel Eto'o left the restricted area 10 meters away from the door saved Tui is Zheng Cheng, Milito in the spared from war 7 meters away from the door at the bottom left corner of the left foot into the relevant statistic procedures, 3 to 0. Seongnam will miss the first 76 minutes into the opportunities, 奥格内诺夫 Gaussian 25 meters in front of the strong low shot went through the free kick wall, Cesar saved the ball, pull the East Jura?i? 8 meters in front of misses to the left make Shekong Men. Milito and was replaced Chivu, Inter Milan will be 3 to 0 advantage to keep to the whistle. < / p>
Inter Milan (4-2-3-1): 1 - Cesar / 4 - Javier Zanetti (C), 2 - Cordoba, 6 - Lucio, 26 - Chivu (79'39-Thornton) / 19 - Esteban Cambiasso, 5 - Stankovic / 27 - Pandev, 10 - Sneijder, 9 - Samuel Eto'o / 22 - Gabriel Milito (77'11-Monta ri) (Substitutes: 12 - Custer Lacy, 21 - Orlandoni, 8 - Motta, 13 - Maicon, 17 - mariga, 23 - Marco Materazzi, 31 - Allie Becky, 36 - Benner Dirty, 40 - En million Watershed, 88 - Biya Biya Ni)
Seongnam Chunma (4-1-4-1): 1 - Zheng Cheng / 2 - high in adult, 5 - Cao Bing Bureau, 4 - 奥格内诺夫 Nowitzki (C), 22 - Hao Zhe / 16 - Jin Cheng Huan / 11 - Molina, 30 - set Zhe Zhao (68'6-Tianguang true), 8 - Cui Chengguo (67'14-Song Haoying), 9 - Zhao Root / 10 - Radon Jura?i? (87'20-Jin Zhenyong) (Substitutes: 41 - River into view, 3 - Yun-Ying Shan, 13 - Zheng Hao is, 18 - South Christine purposes, 26 - Zhang Xi Yuan, 32 - Pu Shangxi, 38 - Wing XuanZhen)
second half started 71 seconds, Cui Chengguo anti- offside trap, in the restricted area 11 meters away from the door at the right side of his right foot volley off his feet. the first 48 minutes, crossing the ball Eto'o transfer, Stankovic left Hui Qiao, Milito left edge of the area not marked low drive strength, Zheng Cheng received the ball. The first 51 minutes, Inter left corner is damaged, Pandev 20 meters in front of the chest, left foot volley wide of the near post stop the ball. The first 55 minutes, Molina out of the right corner, Austria格内诺夫斯基 7 meters in front of the header above. then Molina left foot in front of 24 meters above the relevant statistic procedures.
Beijing at 1:00 on December 16 (UAE local time at 21:00 on the 15th), Club World Cup semi-final 2 games in the Zayed Sports City Stadium, Abu Dhabi race, 3 to 0 victory over Inter Milan and the South one day horse, with the African champions Mazet mbe championship. Sneijder injured opening soon, Stankovic opened the scoring, assists Zanetti Milito scored, and then netted a goal himself. a little before the game, in the North American Championship with chasing the ball 2 to 2 level 2 host team Wa Heda, and 4 to 2 on penalties to win the war, won the first five.
Inter 33 minutes to expand the score! Zanetti Youlei break forward pass, restricted the right heel pass from Milito, Javier Zanetti 11 meters in front of his right foot into the bottom left corner Tongshe, 2 to 0 . then south a threat and kick discrete manufacturing. The first 34 minutes, Molina 30 meters in front of left foot free kick wide of the right post. The first 36 minutes, Molina left free kick, Radon Jura?i? header rub flying to the near corner was asked out of Cesar. The first 42 minutes, Cambiasso foul, Molina restricted the right of crossing the ball left foot kick, Cao Bing Board 6 meters in front of the right rather than taking a little post! first half injury time, Stankovic foul behind the root of Zhao, Molina 21 meters in front of left foot free kick taking a trip Shaopian column!
Monday, December 20, 2010
Reproduced in a User Study on the Younger (content earlier, for reference only) 600 177 Basic ...
600,177 fundamental understanding and Opinion
reproduced: (reproduced Note: To be Director to provide its network name, then re-marked eye-catching way to your screen name!)
One of The Manniu mm I understand and Opinion
600,177 fundamentals as I am not a smart man, but also because I am senile, so helpless in the stocks have an obsession. I think that a more in-depth understanding from the fundamentals of 600,177 after , began a little bit of my spare cash for Jiancang, and now 117 has become my silent disease (Alzheimer's syndrome), I entered the ; so not a true investment philosophy of these people's narcissism, and even take a lot of abuse and, as to the real fundamentals of the post 177 can be described as rare. I want to quit; but are here, should be their own knowledge and ideas written, and even if criticism, as long as honest, regardless of the No, I will be grateful; if the verbal abuse, then I would think that criticizing his father, because my age is larger than its parents.
First, 600,177 how to accomplish what a business?
cursory view, the 177 is a textile and garment industry, which is its done a lot of efforts in this area, and even occupy the leading position in the field, using many new technologies, the development of many new materials such as nano and so on, made a lot of patents, received a lot of honor, and thus higher levels of transformation and the implementation of the The brand strategy .177 in textile and apparel industry achievements and performance, reporting and analysis can be described as the amount of vehicle fighting here is not to say, I want to talk about another aspect.
1990, the original English name of youth clothing factory youngor name, the Chinese translation for the Younger. For the Younger's trademark, what people want from roots in traditional Chinese culture, dragon is said to have nine children, the seventh child is dressed charge of the whole world, Tuomeng to the Younger, from elegant Al Gore to the Dragon King of the seventh son of LOGOL as their trademark. Later, in the country's reform and opening up policy environment, as business enterprises have developed rapidly. According to statistics, at present, annual sales reached 160 Youngor billion, enterprises are mainly involved in the field of textile, clothing, and foreign trade, and real estate. It's men's shirts, as the Younger traditional flagship product, the profit for 2007 is estimated to reach 1 billion. Youngor value the creation of its culture and art, new materials, new technology. modern logistics information technology and modern marketing combination is required for Younger chain integration and information marketing channel construction project results. Because of this, Youngor chasing the fashion industry can do, play the leading role.
However, the 177 gives the impression that it do anything, what topics are especially good at brokerage firms, listed companies and the proposed investment in listed companies, real estate also in full swing, hit out, Octagon hand, dazzling. To find out what it is doing, and it wants to do, that is, it's what long-term goal, it is Pofeizhouzhe.
recently, 177 , chairman of Lee, such in its internal newspaper wrote an article entitled The real goal: So I follow this path once again conducted a review of its fundamentals.
so-called to invest in shares and holding-based, while they rarely show up in the past we say The consortium, often implies aggression and expansion ambitions. Of course, China main role is the so-called consortium, the latter is not characteristic, but it should have the above characteristics and must be available. Now the question is whether 177 has the consortium's property. If you do not have, then as General Lee said, the only Thousands of Chinese A share market is a very rare company. Indeed, it has begun to take One point: I do not agree with many pundits main business for the company performance and light weight gains the habit of other views, when comes to performance of a stock surge, they say it is driven by investment income, and this income has uncertainty, so how come, in short, people feel the return on investment than the main industry proceeds to one dollar, as long as legal income is a dollar. investment income uncertainty, this is, but the main business income to have the certainty it? equally uncertain. just not the kind caused by selling off fixed assets income, should be to the greater. As my grandparents (in his early years in Shanghai,
Second, the 600,177 already beginning to achieve the consortium taking shape
first to admit that 177 has control or intervention to the number of companies, banks and businesses there, but lack of volume and intensity, but did not develop to the overseas expansion of a bit petty and therefore it can only beginning to achieve an objective shape the consortium, still can not shoulder to shoulder with the international consortium, the consortium is not a real. in the future if it could develop into a true sense of the consortium, making it China's Listed Companies wonderful work, we need to present it, with its associated companies, banks and corporate quality, performance and growth analysis, we also need a variety of layout and it is now reasonable inference to draw dynamic and conclusions, of course, look at the ideological level management team and operational perspective.
three, 600,177 holding, shares and a large degree of associated companies, banks and enterprises in the quality of both is excellent or superior
1, Younger home buyers wholly owned company
600177 Youngor home is a real estate company, founded in 1992, around and out, only 177 in 2002 to acquire its way into the listed company, to 2005, the company's total assets reached RMB 4.1 billion people, accounting for the Group's total assets Younger than 1 / 3. from the resource allocation point of view, Younger home buyers have become the mainstay of the company .2005, The company achieved sales of 1.33 billion. in the domestic real estate companies has reached the scale. Companies with accurate market positioning, product planning and design and advanced high-quality property management, and gradually established a good brand image, in the Yangtze River Delta has a high reputation. Some people call it large land reserves and the location of land, which the industry often say block north of Lake Avenue, Lake of money, an area of nearly 11 million square meters; Yuyao Jiangbei New City Block and the eastern block, respectively, over 160,000 square meters area and 90,000 square meters, etc.; 2006 successively in Ningbo, Taizhou purchased a lot of real estate and other areas, including Suzhou, real estate, a total of about 137 million square meters, has been developed and proposed the development of the construction area reached 220 million square meters; Recently, the company is also competing in the West Lake in Hangzhou generous 36,000 square meters of land. so Excellent location large land bank to the company with great development potential, especially in the land is becoming more tense today and for the foreseeable future, the skill and efficiency are to be expected. This also reflects the real estate 177 more open line of sight, and it is possible to the country, even to the world.
a large number of reserves on the basis of land for further enlarge and strengthen the company, the shareholders of the General Assembly has agreed 177 1.8 billion convertible bond issue a period of 3 years, all funds raised to invest in Brilliance Block, Century Garden, the money side of the block and B3 Garden Hubei four real estate projects, plans a total investment of 5.138 billion yuan. this risk is that profits this year, the land cost is too high, if not developed into senior housing, if the price does not reach 2 million per square meter, the profit will be limited, even a loss; the same time, the state regulation of real estate, it has some uncertainty . Of course, the meticulous accounting of the 177, perhaps in this way to expand the influence of Hangzhou, the project probably is not the money. This is another matter.
177 real estate at least two bright spots. First, the issue of convertible bonds in the current market environment, can be regarded as positive. Although the main associated with the company would take to do more, but no real association with the company's main will be cheaper convertible bonds on a variety of operating methods to suppress price (the price of convertible bonds to 20 days before the announcement of the closing price of 90% of the average). The power of the 177's stock price hedge for a long period of time not necessarily reflect its intrinsic value, but in the long term, when the announcement of convertible bonds, the two forces will converge to create a strong motivation to do more. But it also prompted shares, currently is the best opportunity for bargain hunters . Second, there is news that the company plans to spin-off of 177. This is not confirmed the news, can not serve as the basis for any conclusions, but as a hypothetical analysis, it should be that 177 is possible to implement the plan. If If so, would not be a great good is it? Not long ago, high-level forum in the capital markets, an important person (I can not remember his name) caught my attention to the statement, he said, since allowing the company mergers, of course, the company should be allowed to split. This should have referred to, and 177 real estate spin-off is likely to include them? a great possibility.
177 spin-off if the real estate, according to my estimates and From the analysis of the psychological management, as well as the company's intellectual point of view, is not expected to split the A-share market, which in addition to avoiding possible negative effects, also lies in the company's overall development strategy will inevitably gradually with the trend of outward expansion, the only way to achieve a real goal of the consortium, so it is likely to win in the Hong Kong Stock Exchange, not even out of the United States or other countries stock market. No matter in which markets, 177 would be a great good. If so, the 177 will go to build an excellent platform for the outside world.
2, Suzhou, Suzhou Youngor Youngor
home home company company is also a real estate companies, property companies controlled by the Younger, of course, can be controlled by the 177. In holding this company, Suzhou, Zhejiang keen eye 177 with the performance, because the Suzhou itself is a historical and cultural heritage with deep city . The company was founded in 2004, the registered capital of RMB 2.5 billion people. 177 company based, full advantage of the successful experience of Ningbo Younger home buyers in the north shore of Jinji Lake in Suzhou Industrial Park to build a 50 million square meters tape mm Younger Future City, and advocate the five-star living in Suzhou area. the spirit of innovation, meticulous, realistic, hard-working style, talent, management, innovation, reputation aspects, trying to shape the Younger first-class real estate brands in Suzhou. To support its development, the recent injection of 177 of its 500 million 5 million. from which we can glimpse the real estate industry's ambitions in 177
should be said that occupy the high end of the real estate industry, not only requires vision, but also need strong Capital .177 both, is it filling romantic years. notes, taking off any large country has an early stage in its iron and steel, construction and sea and air transport industry, based on the three stages of development because only the rapid development of these three industries to the economy of the country's long-term development support. China is no exception. real estate in the case of one of the three pillars Moreover, the land is non-renewable resources, such as to occupy an excellent location real estate, it can support the development of a company for decades. To this end, I really admire Mr. Li Rucheng and his team looks. Meanwhile, the long-running high in China in the real estate industry, will bring good to the company and shareholders return.
, of course, talking about the real estate can not help but mention the recent General Lee westbound. maybe a commercial secret, the situation remains largely unknown, and when I heard about the matter, that the goal is to have natural gas, or natural gas services industry, but in fact he is to real estate. As the company has not announced this, I will talk about it on the back.
3, Yi Branch Technology (002036)
listed in the Science and Technology should Section ago, 177 shares of this company will be listed, the appropriate technology is a textile and apparel concept of families, the Department of fund holding, earnings per share of 0.54 yuan in 2006. the secondary market on the recent share price between 20-30 yuan . The company is a leading high-clothes lining, the comprehensive index ranked first in the country, the black carbon lining, interlining, lining the military share of the country accounted for 40%, 30% and 25%, while the first two products the major national standard setters; it with the French co-Xia Japanese group, the company into the international market, is expected to increase sales, increase market share, the prospects for the strategic investors are optimistic. For this company, 177 direct and indirect holds 29.84% stake in its controlling shareholder. 12.84% of the shares which may be regarded as the basic IPO, while the remaining equity purchase price of 12.13 yuan per share, much lower than the current secondary market price. from which we can calculate out of 177 in the company's investment income is the number!
but 177 is not just satisfied with the company's current investment income, in order to cause the development of cooperation in Yunnan Province and its investors to set up a holding company of industrial hemp . On the surface, should Section 51% 40% 177, but the holding should be Section 177, the new set up this company is actually owned by the 177. Recently, the Department has reason should be the possession of 9% stake in Yunnan acquisition, so it seems to have become the new company, a subsidiary of 177 Sun Company.
One might ask: What is it hemp? what its investment will yield? after I check online to know 177 This is a strategic vision Zhaoqi. Hemp is a new type of textile raw materials, it requires deep processing of high-tech means, and the new company is established for this purpose. Hemp is an important defense finished raw materials, mainly for the production of military uniforms, it is very popular not only China's armed forces, foreign it also fabulous. hemp industry, in a sense is a high-tech fabric industry leap forward. Meanwhile, in addition to hemp other than part of the fiber is also very valuable, and can be used in pharmaceutical and other industries, added value is very high. with Section itself should be lined with the military leadership of view, it is no exaggeration to say that 177 has taken a military concept, it can be said to hide a very deep military stocks. this risk is only a long construction period, nothing more.
4, extensive stock (002103)
extensive listing of shares in the former, 177 shares of the The company .2007 January, extensive listing of shares on the Shenzhen SME Board,UGG boots clearance, which is office paper stationery. The company is licensed for the Olympic Games, if successful, will be a great opportunity .177 is its second largest shareholder, holding There 2,838.80 million shares, representing 14.95% equity. to July 6, 2007 closing price of the shares extensive calculation of 10.37 yuan, 177 in the company's book assets reached 2.9 billion shares end 2006 earnings per share 0.3279 yuan, an increase in earnings guidance and brokerage Shigekura concept of pre-and in the international market place. However, the equivalent of 177 IPO shares.
5, CITIC Securities (600030)
the securities industry in the current market environment, the appreciation of the situation is self-evident, as split share structure reform, a major Chinese stock market system defects are a better solution, and foreign circles think that it would become a barometer of China's economy, while China's economy is still in the early stages of take-off, there will be a longer period of rapid growth, therefore, capital market development and prosperity can be expected. Therefore, the securities of the company's growth and profitability is to be expected. CITIC Securities is a full can bring people Imagine the company. It's total share capital of nearly 30 million shares, the current share price it between 45-60 yuan, 177 is its limited conditions of the third-largest shareholder sold (6.16%), the second largest tradable shareholder ( 5.43%). That year, CITIC Group and other four original shareholders and other 40 enterprises and 177 corporate, Shanghai Yongjunyoushu Foundation four groups and the industry will be a total of 48 corporate sponsors. CITIC Securities Co., Ltd. signed a sponsor agreement, CITIC companies, four of the original shareholders of the original Limited 10 billion of equity shares to subscribe for one billion, 177 corporate and other business groups and industry body will be 1.6 yuan per share subscription .177 3.2 billion investment to subscribe for 2 million shares, accounting for the total shares of CITIC Securities 9.61%, becoming the second largest shareholder tied .2002 December CITIC Securities in Shanghai Stock Exchange issued 400 million A shares of common stock shares, 177 shares in the share increased from 9.61% to 8.06 dilution %. Among the letter after the stock market, the investment rate of return should use the br> This is something the industry as an equity investment in a classic case, the performance of shrewd calculation of 177 teams and exceptional vision.
, of course, 177 in the first quarter of 2006 quarterly reports show that holdings of 30,121,400 of CITIC Securities shares, reduction of price of between 36-38 yuan, currently holds shares of the company 15354.43. Some of the 177 questioned the reduction of CITIC Securities, which I will later in this article make personal judgments
6, Bank of Ningbo (002142)
June 22 this year, Bank of Ningbo, will be succeeded, becoming the first listed domestic city commercial banks. In the current Bank of Ningbo's existing shareholders, the 177 holds 17,900 shares, representing the total share capital prior to listing 8.73%, after the listing of its total share capital of 16% 7 ... from this year several banks to see IPO, Industrial Bank, China CITIC Bank and Bank of the issue price-earnings ratio of 32 times, 60 times and 30.5 times the Bank of Ningbo growth as well, assuming that price-earnings ratio of 35 times the issue, according to Bank of Ningbo 2006 earnings per share is 0.308 yuan, coupled with speculation of new shares of the premium shares, the listing is estimated to 20 yuan. In this way, 177 once more nearly 20 billion in revenue. Of course, since 177 of its shares locked for three years, so according to the requirements of accounting standards, the assets can not be marked to market, but the intrinsic value is obvious.
was , why Bank of Ningbo listed, 177 of the shares to be locked for three years? Why do some companies not only locked for a year? I think this is the genius of 177, we must face, but also the lining: face , it locks in favor of Ningbo bank three years of stock market; child speaking from the inside, in fact, Bank of Ningbo, the 177 is a chicken that lays golden eggs, we are still staring at the golden eggs it lays golden eggs staring at it? , laughing, long-term investment philosophy has always been a long-term stock .177, or even a miracle can be said that long-term stock, we can only wait and see, the so-called )
177 shares held together for more than 7 million shares, basically IPO. Brilliance Department of Awkwardness of Fund shares, the recent share price is 16 yuan. UBP held 177 shares of the limited sale of shares, so according to accounting standards , still the original value of the calculation, but the limited sale period is over, it should be a secondary market prices. On the surface this stock for a large Younger nothing, but after all the assets of all shareholders, should also have knowledge to share. We not only want to great enthusiasm to find information, they will not know there is this balance of 177.
8, Shanghai nine hundred (600838)
177 who also holds more than 6 million nine hundred Shanghai IPO. Shanghai nine hundred Although performance is not ideal, but it still has many of the concepts for stock speculation, the current secondary market price is 6 yuan, 177 also is limited to sale of shares held by the scope of the accounting system based upon the original value so calculated, if the limit sales lift, then the equity will increase. though a small, but then less is real money.
9, International Trade and Transportation Corporation (based trade)
177 International Trade and Transportation in Ningbo Younger limited companies accounted for 20% of the shares. the company's other major shareholder of Ningbo City, the largest professional foreign trade company in the BASE NINGBO FOREIGN TRADE Co., Ltd., solid background. The company is an integrated distribution companies. Founded in 2000, 3 month, by the Ministry of Foreign Trade, Ministry of Commerce approved the establishment of an international freight forwarding and import and export management rights business enterprises. the company profitable for six consecutive years, steady growth in annual profit turnover .2005 1.538 billion yuan, import and export total of $ 96,000,000. agent import and export of 11 million TEUs containers, 3,000 tons of international air cargo agents, international express mail 920 tons, the domestic scale of 60 million tons of coal. the company topped the list of China International Freight Forwarding hundred 35th overall strength . the Commerce Department in 2005, ranking China's foreign trade, the company topped the The company is also actively seek listing. before it is not listed, it will bring stability to return to the 177, if listed, 177 will be a substantial amount of revenue growth.
10, the Hangzhou Bay Bridge
177 in his investment is seldom mentioned in public information of Hangzhou Bay Bridge, at the beginning, its 45% investment in total investment, but later sold a majority share of it, and finally only 4.5% of investment. the information from public inspection no reason why this change occurs. Some analysts say this may be because the investment environment was key national infrastructure, private investment has been limited, 177 for unsuccessful, and that makes the most of the shares, but no credible information able to confirm this view. I do have another view, the latter in combination with other circumstances I will present my reasoning. but in any case, can have such influence in the national infrastructure occupies a certain share, which itself is a success is the performance of a unique vision. The bridge closure is now expected to open to traffic in 2008. It was estimated that the passage of time per vehicle fee is 80 yuan. It appears that this investment will bring certain benefits 177. Although long duration, the amount is limited, but it is very stable.
11, Tianyi Securities, the investment of a conflicting message
This is a contradictory message for individual investors for investment projects.
a information that, in the brokerage field, 177 in addition to investment in CITIC Securities, also invested in local, Ningbo City, Ningbo Tianyi Securities with 177 mm, Intime, Vico and other business enterprises established Tianyi Securities. which hold 177 to 150 million 15,000 million, total equity of 14.97%. This is certainly IPO. Previously, there was a rumor Tianyi Securities and Everbright Securities to reorganize and achieve backdoor listing. So some people say: Younger once again enjoy the type of brokerage CITIC feast would not dream of wealth. the color of the securities companies to shift business development to the country. It was moved to Shanghai in 2002 and achieved all Comprehensive brokerage business qualification, is the largest brokerage firms in Zhejiang Province, consists of four large regional headquarters, sales offices and 4 20 securities service department, and the holding element combined fund management company. the company stable, the pursuit of the sun profits, the profit out of the brokerage in 2001 20th, 12th in per capita profit of the column, the total profit compared with the value of the column 3; 2002 The total assets of 3.8 billion, net assets of 1.1 billion, at the time securities industry-wide loss of a net profit, net income and net capital gains rate index moved up to the industry 4. In the current market environment , we can imagine to enhance its profitability, you can also get to see how much revenue from 177.
However, all this might have nothing to do with the 177 because the other one the information that the transfer of 177 has Tianyi Securities and receive a transfer of money, has also been approved by the SFC, but there are procedures for business registration is not the end of the above. allegedly in July 2006 by the 177 shares of securities to answer questions to answer, with considerable reliability. but asked the transfer of to whom the information provider is unable to speak.
177 shares, but they love, especially small retail investors who do not know or do not believe this information, many people insist that the 177 still held Tianyi Securities stake reason is that so far in such a large financial sites such as the difficult to determine, 177 should be made open and transparent explanation.
12, has not yet announced the online circulation of the western investment
westbound on the 177 news executives, the most popular is a hot forehead Jiaoren words: With 100 billion to find items. Younger investors have signed an agreement in Chongqing Tea Garden District. Under the agreement, 177 will be invested in Chongqing, western clothing production base, and the base to become the western hub of radiation. But the fact is clear that the stakeholders are not so simple, most likely 177 in the west to invest in the name of the enclosure. According to media reports in Chongqing, 177 Chinese and the western market, will invest 500 million yuan in Chongqing. However, such information 177 is not a major announcement. said the company, said Deputy General Manager Liu Xinyu , Chongqing, local reports there may be some misunderstanding, because the current process of setting up Youngor are two companies in Chongqing, the registered capital is ten million yuan, the future will come on stream by the two companies, will invest 500 million yuan is not a sudden . It has been revealed, will invest 100 million yuan construction of 177 118 acres of western clothing base, 100 million yuan perfect marketing network in Western and another 300 million yuan was invested in real estate. It appears that real estate will be the 177's main industry, at least One of the main industry. there insiders have revealed that the hands of 177 laps from the Nan'an District to 1000 acres of land. Clearly, the construction of 177 decided to invest in Chongqing is not just fancy clothes behind the base of Chongqing and western apparel market, but also Chongqing side reciprocated inseparable. Currently, the price of 177 is how to get to, and relevant departments have not made public. According to the National Development and Reform Commission and National Bureau of Statistics reported that the third quarter of 2006, when the national drop in home prices, Chongqing prices are up 6% against the market trend. It is clear that house prices continued to rise in order to stimulate the construction of 177 to enter the name of the real estate of Chongqing.
I think, for such a huge investment and not send a notice is clearly contrary to capital market rules. and this is exactly what we judge important aspects of risk 177. of course, can be judged, it may not yet issued a statement to the needs of the stage, I hope so.
However, the situation from the westbound 177, 177 There may be other investment and layout, and scale of the project may be beyond our imagination. but these can only guess. The stock market needs to be transparent, but the stock market forever blurred. but we guess a company's investment, not speculation, a the company's debt. two compared to the former course, is reassuring. But 177 of the boss and the entire team note that the management again and again as stocks, you should be the same education: market risk, investment should be cautious. < br> IV into two read more than 177 177
sum investment and operation of the whole, 177 of investment not only in the classic CITIC Securities, or even 177 itself can be said that the property has a capital of predators. The so-called capital markets do an eagle.
One thing is worth mentioning that, the company boss Lee, such requirements in the executive meeting held shares of the company executives not to sell stocks, this should be seen as confidence in the company, because He himself holds 95 million shares of company stock, and his brother, company Vice Chairman Li Long Li Rugang holds 45 million shares. General Lee on the requirements of executives, but also to the secondary market to purchase shares of the company holding investors with confidence.
, of course, on the 177 I still have some additional views.
I think the goal of 177 more, to embrace a broader way, it is like to step into the world capital of predators figure field, it will not be satisfied with the expansion in the country. Although I did not find any big 177 in action abroad, but it is reduced to the Hangzhou Bay Bridge, the investment share (if not the words of the foregoing), from the rumored intention 177 Tianyi Securities sold equity holdings from CITIC Securities 177 action, it seems no accident. All this occurred in the westbound after the fact, rather than move to raise funds for the westbound outside the mass as a .177 funds to find items, to solve, that is, ...
reproduced: (reproduced Note: To be Director to provide its network name, then re-marked eye-catching way to your screen name!)
One of The Manniu mm I understand and Opinion
600,177 fundamentals as I am not a smart man, but also because I am senile, so helpless in the stocks have an obsession. I think that a more in-depth understanding from the fundamentals of 600,177 after , began a little bit of my spare cash for Jiancang, and now 117 has become my silent disease (Alzheimer's syndrome), I entered the ; so not a true investment philosophy of these people's narcissism, and even take a lot of abuse and, as to the real fundamentals of the post 177 can be described as rare. I want to quit; but are here, should be their own knowledge and ideas written, and even if criticism, as long as honest, regardless of the No, I will be grateful; if the verbal abuse, then I would think that criticizing his father, because my age is larger than its parents.
First, 600,177 how to accomplish what a business?
cursory view, the 177 is a textile and garment industry, which is its done a lot of efforts in this area, and even occupy the leading position in the field, using many new technologies, the development of many new materials such as nano and so on, made a lot of patents, received a lot of honor, and thus higher levels of transformation and the implementation of the The brand strategy .177 in textile and apparel industry achievements and performance, reporting and analysis can be described as the amount of vehicle fighting here is not to say, I want to talk about another aspect.
1990, the original English name of youth clothing factory youngor name, the Chinese translation for the Younger. For the Younger's trademark, what people want from roots in traditional Chinese culture, dragon is said to have nine children, the seventh child is dressed charge of the whole world, Tuomeng to the Younger, from elegant Al Gore to the Dragon King of the seventh son of LOGOL as their trademark. Later, in the country's reform and opening up policy environment, as business enterprises have developed rapidly. According to statistics, at present, annual sales reached 160 Youngor billion, enterprises are mainly involved in the field of textile, clothing, and foreign trade, and real estate. It's men's shirts, as the Younger traditional flagship product, the profit for 2007 is estimated to reach 1 billion. Youngor value the creation of its culture and art, new materials, new technology. modern logistics information technology and modern marketing combination is required for Younger chain integration and information marketing channel construction project results. Because of this, Youngor chasing the fashion industry can do, play the leading role.
However, the 177 gives the impression that it do anything, what topics are especially good at brokerage firms, listed companies and the proposed investment in listed companies, real estate also in full swing, hit out, Octagon hand, dazzling. To find out what it is doing, and it wants to do, that is, it's what long-term goal, it is Pofeizhouzhe.
recently, 177 , chairman of Lee, such in its internal newspaper wrote an article entitled The real goal: So I follow this path once again conducted a review of its fundamentals.
so-called to invest in shares and holding-based, while they rarely show up in the past we say The consortium, often implies aggression and expansion ambitions. Of course, China main role is the so-called consortium, the latter is not characteristic, but it should have the above characteristics and must be available. Now the question is whether 177 has the consortium's property. If you do not have, then as General Lee said, the only Thousands of Chinese A share market is a very rare company. Indeed, it has begun to take One point: I do not agree with many pundits main business for the company performance and light weight gains the habit of other views, when comes to performance of a stock surge, they say it is driven by investment income, and this income has uncertainty, so how come, in short, people feel the return on investment than the main industry proceeds to one dollar, as long as legal income is a dollar. investment income uncertainty, this is, but the main business income to have the certainty it? equally uncertain. just not the kind caused by selling off fixed assets income, should be to the greater. As my grandparents (in his early years in Shanghai,
Second, the 600,177 already beginning to achieve the consortium taking shape
first to admit that 177 has control or intervention to the number of companies, banks and businesses there, but lack of volume and intensity, but did not develop to the overseas expansion of a bit petty and therefore it can only beginning to achieve an objective shape the consortium, still can not shoulder to shoulder with the international consortium, the consortium is not a real. in the future if it could develop into a true sense of the consortium, making it China's Listed Companies wonderful work, we need to present it, with its associated companies, banks and corporate quality, performance and growth analysis, we also need a variety of layout and it is now reasonable inference to draw dynamic and conclusions, of course, look at the ideological level management team and operational perspective.
three, 600,177 holding, shares and a large degree of associated companies, banks and enterprises in the quality of both is excellent or superior
1, Younger home buyers wholly owned company
600177 Youngor home is a real estate company, founded in 1992, around and out, only 177 in 2002 to acquire its way into the listed company, to 2005, the company's total assets reached RMB 4.1 billion people, accounting for the Group's total assets Younger than 1 / 3. from the resource allocation point of view, Younger home buyers have become the mainstay of the company .2005, The company achieved sales of 1.33 billion. in the domestic real estate companies has reached the scale. Companies with accurate market positioning, product planning and design and advanced high-quality property management, and gradually established a good brand image, in the Yangtze River Delta has a high reputation. Some people call it large land reserves and the location of land, which the industry often say block north of Lake Avenue, Lake of money, an area of nearly 11 million square meters; Yuyao Jiangbei New City Block and the eastern block, respectively, over 160,000 square meters area and 90,000 square meters, etc.; 2006 successively in Ningbo, Taizhou purchased a lot of real estate and other areas, including Suzhou, real estate, a total of about 137 million square meters, has been developed and proposed the development of the construction area reached 220 million square meters; Recently, the company is also competing in the West Lake in Hangzhou generous 36,000 square meters of land. so Excellent location large land bank to the company with great development potential, especially in the land is becoming more tense today and for the foreseeable future, the skill and efficiency are to be expected. This also reflects the real estate 177 more open line of sight, and it is possible to the country, even to the world.
a large number of reserves on the basis of land for further enlarge and strengthen the company, the shareholders of the General Assembly has agreed 177 1.8 billion convertible bond issue a period of 3 years, all funds raised to invest in Brilliance Block, Century Garden, the money side of the block and B3 Garden Hubei four real estate projects, plans a total investment of 5.138 billion yuan. this risk is that profits this year, the land cost is too high, if not developed into senior housing, if the price does not reach 2 million per square meter, the profit will be limited, even a loss; the same time, the state regulation of real estate, it has some uncertainty . Of course, the meticulous accounting of the 177, perhaps in this way to expand the influence of Hangzhou, the project probably is not the money. This is another matter.
177 real estate at least two bright spots. First, the issue of convertible bonds in the current market environment, can be regarded as positive. Although the main associated with the company would take to do more, but no real association with the company's main will be cheaper convertible bonds on a variety of operating methods to suppress price (the price of convertible bonds to 20 days before the announcement of the closing price of 90% of the average). The power of the 177's stock price hedge for a long period of time not necessarily reflect its intrinsic value, but in the long term, when the announcement of convertible bonds, the two forces will converge to create a strong motivation to do more. But it also prompted shares, currently is the best opportunity for bargain hunters . Second, there is news that the company plans to spin-off of 177. This is not confirmed the news, can not serve as the basis for any conclusions, but as a hypothetical analysis, it should be that 177 is possible to implement the plan. If If so, would not be a great good is it? Not long ago, high-level forum in the capital markets, an important person (I can not remember his name) caught my attention to the statement, he said, since allowing the company mergers, of course, the company should be allowed to split. This should have referred to, and 177 real estate spin-off is likely to include them? a great possibility.
177 spin-off if the real estate, according to my estimates and From the analysis of the psychological management, as well as the company's intellectual point of view, is not expected to split the A-share market, which in addition to avoiding possible negative effects, also lies in the company's overall development strategy will inevitably gradually with the trend of outward expansion, the only way to achieve a real goal of the consortium, so it is likely to win in the Hong Kong Stock Exchange, not even out of the United States or other countries stock market. No matter in which markets, 177 would be a great good. If so, the 177 will go to build an excellent platform for the outside world.
2, Suzhou, Suzhou Youngor Youngor
home home company company is also a real estate companies, property companies controlled by the Younger, of course, can be controlled by the 177. In holding this company, Suzhou, Zhejiang keen eye 177 with the performance, because the Suzhou itself is a historical and cultural heritage with deep city . The company was founded in 2004, the registered capital of RMB 2.5 billion people. 177 company based, full advantage of the successful experience of Ningbo Younger home buyers in the north shore of Jinji Lake in Suzhou Industrial Park to build a 50 million square meters tape mm Younger Future City, and advocate the five-star living in Suzhou area. the spirit of innovation, meticulous, realistic, hard-working style, talent, management, innovation, reputation aspects, trying to shape the Younger first-class real estate brands in Suzhou. To support its development, the recent injection of 177 of its 500 million 5 million. from which we can glimpse the real estate industry's ambitions in 177
should be said that occupy the high end of the real estate industry, not only requires vision, but also need strong Capital .177 both, is it filling romantic years. notes, taking off any large country has an early stage in its iron and steel, construction and sea and air transport industry, based on the three stages of development because only the rapid development of these three industries to the economy of the country's long-term development support. China is no exception. real estate in the case of one of the three pillars Moreover, the land is non-renewable resources, such as to occupy an excellent location real estate, it can support the development of a company for decades. To this end, I really admire Mr. Li Rucheng and his team looks. Meanwhile, the long-running high in China in the real estate industry, will bring good to the company and shareholders return.
, of course, talking about the real estate can not help but mention the recent General Lee westbound. maybe a commercial secret, the situation remains largely unknown, and when I heard about the matter, that the goal is to have natural gas, or natural gas services industry, but in fact he is to real estate. As the company has not announced this, I will talk about it on the back.
3, Yi Branch Technology (002036)
listed in the Science and Technology should Section ago, 177 shares of this company will be listed, the appropriate technology is a textile and apparel concept of families, the Department of fund holding, earnings per share of 0.54 yuan in 2006. the secondary market on the recent share price between 20-30 yuan . The company is a leading high-clothes lining, the comprehensive index ranked first in the country, the black carbon lining, interlining, lining the military share of the country accounted for 40%, 30% and 25%, while the first two products the major national standard setters; it with the French co-Xia Japanese group, the company into the international market, is expected to increase sales, increase market share, the prospects for the strategic investors are optimistic. For this company, 177 direct and indirect holds 29.84% stake in its controlling shareholder. 12.84% of the shares which may be regarded as the basic IPO, while the remaining equity purchase price of 12.13 yuan per share, much lower than the current secondary market price. from which we can calculate out of 177 in the company's investment income is the number!
but 177 is not just satisfied with the company's current investment income, in order to cause the development of cooperation in Yunnan Province and its investors to set up a holding company of industrial hemp . On the surface, should Section 51% 40% 177, but the holding should be Section 177, the new set up this company is actually owned by the 177. Recently, the Department has reason should be the possession of 9% stake in Yunnan acquisition, so it seems to have become the new company, a subsidiary of 177 Sun Company.
One might ask: What is it hemp? what its investment will yield? after I check online to know 177 This is a strategic vision Zhaoqi. Hemp is a new type of textile raw materials, it requires deep processing of high-tech means, and the new company is established for this purpose. Hemp is an important defense finished raw materials, mainly for the production of military uniforms, it is very popular not only China's armed forces, foreign it also fabulous. hemp industry, in a sense is a high-tech fabric industry leap forward. Meanwhile, in addition to hemp other than part of the fiber is also very valuable, and can be used in pharmaceutical and other industries, added value is very high. with Section itself should be lined with the military leadership of view, it is no exaggeration to say that 177 has taken a military concept, it can be said to hide a very deep military stocks. this risk is only a long construction period, nothing more.
4, extensive stock (002103)
extensive listing of shares in the former, 177 shares of the The company .2007 January, extensive listing of shares on the Shenzhen SME Board,UGG boots clearance, which is office paper stationery. The company is licensed for the Olympic Games, if successful, will be a great opportunity .177 is its second largest shareholder, holding There 2,838.80 million shares, representing 14.95% equity. to July 6, 2007 closing price of the shares extensive calculation of 10.37 yuan, 177 in the company's book assets reached 2.9 billion shares end 2006 earnings per share 0.3279 yuan, an increase in earnings guidance and brokerage Shigekura concept of pre-and in the international market place. However, the equivalent of 177 IPO shares.
5, CITIC Securities (600030)
the securities industry in the current market environment, the appreciation of the situation is self-evident, as split share structure reform, a major Chinese stock market system defects are a better solution, and foreign circles think that it would become a barometer of China's economy, while China's economy is still in the early stages of take-off, there will be a longer period of rapid growth, therefore, capital market development and prosperity can be expected. Therefore, the securities of the company's growth and profitability is to be expected. CITIC Securities is a full can bring people Imagine the company. It's total share capital of nearly 30 million shares, the current share price it between 45-60 yuan, 177 is its limited conditions of the third-largest shareholder sold (6.16%), the second largest tradable shareholder ( 5.43%). That year, CITIC Group and other four original shareholders and other 40 enterprises and 177 corporate, Shanghai Yongjunyoushu Foundation four groups and the industry will be a total of 48 corporate sponsors. CITIC Securities Co., Ltd. signed a sponsor agreement, CITIC companies, four of the original shareholders of the original Limited 10 billion of equity shares to subscribe for one billion, 177 corporate and other business groups and industry body will be 1.6 yuan per share subscription .177 3.2 billion investment to subscribe for 2 million shares, accounting for the total shares of CITIC Securities 9.61%, becoming the second largest shareholder tied .2002 December CITIC Securities in Shanghai Stock Exchange issued 400 million A shares of common stock shares, 177 shares in the share increased from 9.61% to 8.06 dilution %. Among the letter after the stock market, the investment rate of return should use the br> This is something the industry as an equity investment in a classic case, the performance of shrewd calculation of 177 teams and exceptional vision.
, of course, 177 in the first quarter of 2006 quarterly reports show that holdings of 30,121,400 of CITIC Securities shares, reduction of price of between 36-38 yuan, currently holds shares of the company 15354.43. Some of the 177 questioned the reduction of CITIC Securities, which I will later in this article make personal judgments
6, Bank of Ningbo (002142)
June 22 this year, Bank of Ningbo, will be succeeded, becoming the first listed domestic city commercial banks. In the current Bank of Ningbo's existing shareholders, the 177 holds 17,900 shares, representing the total share capital prior to listing 8.73%, after the listing of its total share capital of 16% 7 ... from this year several banks to see IPO, Industrial Bank, China CITIC Bank and Bank of the issue price-earnings ratio of 32 times, 60 times and 30.5 times the Bank of Ningbo growth as well, assuming that price-earnings ratio of 35 times the issue, according to Bank of Ningbo 2006 earnings per share is 0.308 yuan, coupled with speculation of new shares of the premium shares, the listing is estimated to 20 yuan. In this way, 177 once more nearly 20 billion in revenue. Of course, since 177 of its shares locked for three years, so according to the requirements of accounting standards, the assets can not be marked to market, but the intrinsic value is obvious.
was , why Bank of Ningbo listed, 177 of the shares to be locked for three years? Why do some companies not only locked for a year? I think this is the genius of 177, we must face, but also the lining: face , it locks in favor of Ningbo bank three years of stock market; child speaking from the inside, in fact, Bank of Ningbo, the 177 is a chicken that lays golden eggs, we are still staring at the golden eggs it lays golden eggs staring at it? , laughing, long-term investment philosophy has always been a long-term stock .177, or even a miracle can be said that long-term stock, we can only wait and see, the so-called )
177 shares held together for more than 7 million shares, basically IPO. Brilliance Department of Awkwardness of Fund shares, the recent share price is 16 yuan. UBP held 177 shares of the limited sale of shares, so according to accounting standards , still the original value of the calculation, but the limited sale period is over, it should be a secondary market prices. On the surface this stock for a large Younger nothing, but after all the assets of all shareholders, should also have knowledge to share. We not only want to great enthusiasm to find information, they will not know there is this balance of 177.
8, Shanghai nine hundred (600838)
177 who also holds more than 6 million nine hundred Shanghai IPO. Shanghai nine hundred Although performance is not ideal, but it still has many of the concepts for stock speculation, the current secondary market price is 6 yuan, 177 also is limited to sale of shares held by the scope of the accounting system based upon the original value so calculated, if the limit sales lift, then the equity will increase. though a small, but then less is real money.
9, International Trade and Transportation Corporation (based trade)
177 International Trade and Transportation in Ningbo Younger limited companies accounted for 20% of the shares. the company's other major shareholder of Ningbo City, the largest professional foreign trade company in the BASE NINGBO FOREIGN TRADE Co., Ltd., solid background. The company is an integrated distribution companies. Founded in 2000, 3 month, by the Ministry of Foreign Trade, Ministry of Commerce approved the establishment of an international freight forwarding and import and export management rights business enterprises. the company profitable for six consecutive years, steady growth in annual profit turnover .2005 1.538 billion yuan, import and export total of $ 96,000,000. agent import and export of 11 million TEUs containers, 3,000 tons of international air cargo agents, international express mail 920 tons, the domestic scale of 60 million tons of coal. the company topped the list of China International Freight Forwarding hundred 35th overall strength . the Commerce Department in 2005, ranking China's foreign trade, the company topped the The company is also actively seek listing. before it is not listed, it will bring stability to return to the 177, if listed, 177 will be a substantial amount of revenue growth.
10, the Hangzhou Bay Bridge
177 in his investment is seldom mentioned in public information of Hangzhou Bay Bridge, at the beginning, its 45% investment in total investment, but later sold a majority share of it, and finally only 4.5% of investment. the information from public inspection no reason why this change occurs. Some analysts say this may be because the investment environment was key national infrastructure, private investment has been limited, 177 for unsuccessful, and that makes the most of the shares, but no credible information able to confirm this view. I do have another view, the latter in combination with other circumstances I will present my reasoning. but in any case, can have such influence in the national infrastructure occupies a certain share, which itself is a success is the performance of a unique vision. The bridge closure is now expected to open to traffic in 2008. It was estimated that the passage of time per vehicle fee is 80 yuan. It appears that this investment will bring certain benefits 177. Although long duration, the amount is limited, but it is very stable.
11, Tianyi Securities, the investment of a conflicting message
This is a contradictory message for individual investors for investment projects.
a information that, in the brokerage field, 177 in addition to investment in CITIC Securities, also invested in local, Ningbo City, Ningbo Tianyi Securities with 177 mm, Intime, Vico and other business enterprises established Tianyi Securities. which hold 177 to 150 million 15,000 million, total equity of 14.97%. This is certainly IPO. Previously, there was a rumor Tianyi Securities and Everbright Securities to reorganize and achieve backdoor listing. So some people say: Younger once again enjoy the type of brokerage CITIC feast would not dream of wealth. the color of the securities companies to shift business development to the country. It was moved to Shanghai in 2002 and achieved all Comprehensive brokerage business qualification, is the largest brokerage firms in Zhejiang Province, consists of four large regional headquarters, sales offices and 4 20 securities service department, and the holding element combined fund management company. the company stable, the pursuit of the sun profits, the profit out of the brokerage in 2001 20th, 12th in per capita profit of the column, the total profit compared with the value of the column 3; 2002 The total assets of 3.8 billion, net assets of 1.1 billion, at the time securities industry-wide loss of a net profit, net income and net capital gains rate index moved up to the industry 4. In the current market environment , we can imagine to enhance its profitability, you can also get to see how much revenue from 177.
However, all this might have nothing to do with the 177 because the other one the information that the transfer of 177 has Tianyi Securities and receive a transfer of money, has also been approved by the SFC, but there are procedures for business registration is not the end of the above. allegedly in July 2006 by the 177 shares of securities to answer questions to answer, with considerable reliability. but asked the transfer of to whom the information provider is unable to speak.
177 shares, but they love, especially small retail investors who do not know or do not believe this information, many people insist that the 177 still held Tianyi Securities stake reason is that so far in such a large financial sites such as the difficult to determine, 177 should be made open and transparent explanation.
12, has not yet announced the online circulation of the western investment
westbound on the 177 news executives, the most popular is a hot forehead Jiaoren words: With 100 billion to find items. Younger investors have signed an agreement in Chongqing Tea Garden District. Under the agreement, 177 will be invested in Chongqing, western clothing production base, and the base to become the western hub of radiation. But the fact is clear that the stakeholders are not so simple, most likely 177 in the west to invest in the name of the enclosure. According to media reports in Chongqing, 177 Chinese and the western market, will invest 500 million yuan in Chongqing. However, such information 177 is not a major announcement. said the company, said Deputy General Manager Liu Xinyu , Chongqing, local reports there may be some misunderstanding, because the current process of setting up Youngor are two companies in Chongqing, the registered capital is ten million yuan, the future will come on stream by the two companies, will invest 500 million yuan is not a sudden . It has been revealed, will invest 100 million yuan construction of 177 118 acres of western clothing base, 100 million yuan perfect marketing network in Western and another 300 million yuan was invested in real estate. It appears that real estate will be the 177's main industry, at least One of the main industry. there insiders have revealed that the hands of 177 laps from the Nan'an District to 1000 acres of land. Clearly, the construction of 177 decided to invest in Chongqing is not just fancy clothes behind the base of Chongqing and western apparel market, but also Chongqing side reciprocated inseparable. Currently, the price of 177 is how to get to, and relevant departments have not made public. According to the National Development and Reform Commission and National Bureau of Statistics reported that the third quarter of 2006, when the national drop in home prices, Chongqing prices are up 6% against the market trend. It is clear that house prices continued to rise in order to stimulate the construction of 177 to enter the name of the real estate of Chongqing.
I think, for such a huge investment and not send a notice is clearly contrary to capital market rules. and this is exactly what we judge important aspects of risk 177. of course, can be judged, it may not yet issued a statement to the needs of the stage, I hope so.
However, the situation from the westbound 177, 177 There may be other investment and layout, and scale of the project may be beyond our imagination. but these can only guess. The stock market needs to be transparent, but the stock market forever blurred. but we guess a company's investment, not speculation, a the company's debt. two compared to the former course, is reassuring. But 177 of the boss and the entire team note that the management again and again as stocks, you should be the same education: market risk, investment should be cautious. < br> IV into two read more than 177 177
sum investment and operation of the whole, 177 of investment not only in the classic CITIC Securities, or even 177 itself can be said that the property has a capital of predators. The so-called capital markets do an eagle.
One thing is worth mentioning that, the company boss Lee, such requirements in the executive meeting held shares of the company executives not to sell stocks, this should be seen as confidence in the company, because He himself holds 95 million shares of company stock, and his brother, company Vice Chairman Li Long Li Rugang holds 45 million shares. General Lee on the requirements of executives, but also to the secondary market to purchase shares of the company holding investors with confidence.
, of course, on the 177 I still have some additional views.
I think the goal of 177 more, to embrace a broader way, it is like to step into the world capital of predators figure field, it will not be satisfied with the expansion in the country. Although I did not find any big 177 in action abroad, but it is reduced to the Hangzhou Bay Bridge, the investment share (if not the words of the foregoing), from the rumored intention 177 Tianyi Securities sold equity holdings from CITIC Securities 177 action, it seems no accident. All this occurred in the westbound after the fact, rather than move to raise funds for the westbound outside the mass as a .177 funds to find items, to solve, that is, ...
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