[ Lang ] Economic Trends 2010

 Today and talk to you about the 2010 outlook, but I'll read some news you may hear.

2009 年 8 月 26, Wen Jiabao chaired a State Council executive session, steel, wind power, and so industry overcapacity. Spring of this year, Jan. 20, also made the top ten industry may still be excess capacity, including electricity, coal, coke, non-ferrous metals, building materials, light industry, textile and other top ten industries. In our imaginary process of economic recovery and how this outcome it? Please think about the guests.

As of noon today, the news of the Beijing real estate transactions in January fell 70% a few, several Shanghai fell 50%, the average price fell 3% to 4%. Of course, I must admit that January is always the off-season, but the decline is too great. What does that mean?

warmer throughout the course of last year, we recognize some interesting fact that China's stock market began in November 2008 has been warmer for four consecutive months, the Chinese property market in the last of the year the situation in the world under extreme depression, is the world's only growth industry market trends, of course, to the January start callback. Car sales? Production around the world plunged more than 46% of our growth, in addition to luxury and so on. Please recall the joy we pick up this year which is not really as I said two years ago, ran into problems?

fact, I have said before, if the world did not pick up, but only if we pick up, then it would mean that we are not normal. If it is not normal, it all came back to be adjusted, that is why we will pick it?

not really pick up on, but we have a fever. Why is a fever? Because we are sick.

I want to lecture for three hours today, when I put the idea into a story and concentrated you make a communication.

so this little story is told: One of Mr. A that he earned 100 gold digging, he can have two options. The first option: he gave him 10 miners each 1 dollar, 10 × 1 = 10 blocks, he left 90 in your pockets, so he is very wealthy, money is what this one does that mean? This money only enough for subsistence purposes 1. The second option is to give each miner 5 dollars, 5 × 10 = 50 blocks, he was only 50 in your pockets.

but once made a second choice, miners spent a dollar just enough food and clothing, he also left four dollars, while the four dollars he will take them a hundred dollars to buy luxury goods, such as handbags, sportswear, sports shoes ... ... A President suddenly found his one more investment opportunities, he can open a shopping mall, specializing in selling these things, such as handbags and so on.

to sell these products, he had to employ 10 women's assistant, the 10 male miners and 10 girl to get married, have kids. Then they need to buy baby products, but also to spend a dollar to buy baby supplies. Mr. A found this time, he invested more than a second chance, that is, production of baby supplies. 3 miners couple has spent the money they have left 2 dollars, and they are ready to shelter a child, A President suddenly found he had a third investment opportunity, that is, real estate development, how much does a house? 2 dollars! Mr. A gold digging until finished, the natural formation of a small town, naturally grown.

second option we have to give him a term: possession of wealth among the people.

but the first choice?

10 miners each person only got a dollar, then I ask you, how to do after completion gold digging? 10 miners immediately unemployed. Cause serious social problems, A last resort and Mr. 40 dollars out of his pocket again, the construction of highways. Then the 10 miners and employment, when construction workers, then the highway once Once created how to do? 10 miners and unemployed.

this time, Mr. A suddenly found that when he made the first choice, he immediately faced two difficulties: The first dilemma was both unable to open hypermarkets, nor the production of baby products, but also can not do real estate development business, because people are too poor. So he called the first dilemma: the overall deterioration of investment environment. But he also faced a second dilemma, please think about it, in such a poor community which built the highway you have no car ran on top? Basically no, no cars running on the highway called the highway of excess capacity, so Mr. A once made the first selection, will be faced with another problem: a serious overcapacity.

he had two sick, because he had two sick, he looked at the vast land, have left 10 miners, an uninhabited place, only one dazzling highway, above not have a car run. He is facing industrial environmental deterioration, excess capacity, then he hands the rest of the 50 can you do? He built a luxurious villa is only 50 dollars one.

This is the first choice to do the inevitable result, and the house of your death, and other products will be very expensive.

This simple story will run through the entire speech, you will find the current situation in China is because we have done the first option, called? Called Eight of the results will result in preserving the two difficulties, the two dilemmas you will find out after the entrepreneurs have no place to vote, only speculation, stocks, resulting in last year's warmer.

and I began to speak, read to you listen to Wen's remarks have to say that excess capacity, and this is an example of this to tell you the results. As you all know that our investment environment is deteriorating, the two diseases are out. So today I was talking about a long speech, I am now the basis of this preface, I and friends to talk about the theme of my speech today.

officially began the following speech.

the United States against Iraq, Afghanistan, or the future of Yemen is a traditional war, but against all Asian countries, the exchange rate war.

such as Japan, in 1985, that time is particularly rampant in Japan, said Japan GDP to surpass the United States, even Japan has threatened to buy American, good arrogance. In fact, they've bought 2 / 3 of the Hawaii real estate, and even Japan, the United States said we can also say no.

1985, the U.S. war against Japan, the exchange rate immediately start. United were in Germany, France, the United Kingdom a total of 4 countries, oppression, Japan signed the The agreement calls for yen appreciation. From 1985 to 1987 yen appreciation has doubled, serious blow to the Japanese trading company.

to the end of 1987, the United States once again dropped the second bomb that forced Japan to lower interest rates, then fell to the lowest interest rates in Japan. The bomb is horrible, because two years from 1985 to 1987 between the yen, major Japanese trading company was a major dilemma. By 1987, after the second bomb dropped so low that the interest rate, the major Japanese trading companies began to borrow from the bank stock speculation.

1990 年 1 since January, the United States dropped the third bomb, blow up the Japanese asset bubble, the Japanese into a depression more than 20 years.

remember our friends, the exchange rate with the war must have the effect of asset bubbles, do not know you hear me say these words in mind there is no trace of fear? Because we already have asset bubble.

1997 have four little dragons in Asia, there are four tigers, the eight countries and regions are also incredibly arrogant. We did not, that is a bit of money, the results of the United States began taking advantage of the 95 Asian asset bubbles godsend, 1995 attacks on Asian currencies, a depreciation of half, destroying the foam, the results of killing four Tigers, killing the two dragons. If it were not shot in 1997 to rescue the Chinese compatriots in Hong Kong Government, Hong Kong now or depression, but other countries and regions are not so lucky.

to 2008, there are an emerging socialist countries of Asia rising in Vietnam, the United States took advantage of the Vietnamese in 2005 the opportunity to asset bubbles, destroying the asset bubble in Vietnam, so that a comprehensive caught anywhere in Vietnam the brink of collapse, how can I resist a little Vietnam war had ransacked the U.S. exchange rate?

do not know my friends remember a word I said, I said last 4,5 month according to my understanding of the United States, I have 30% certainty, the United States will expand the exchange rate at the end of World War II China. Unfortunately, to tell my friend, I said yes.

2009 年 9 20 March, the U.S. exchange rate war officially ended their completion, our national leaders summit in New York, we always express to the world of free trade goodwill. Obama to speak, he at the very start one: the RMB exchange rate to appreciate, exports must be reduced.

9 月 20 号 Obama Zhang Hongbao, the world response to the Quartet. November 13, the APEC leaders meeting in front of our face to revalue its currency, on November 30 last bastion of the fall of the yuan appreciation.

throughout December we do not have any movement, we exchange rate remains at 6.82 level. But I would like to remind our friends, all countries in human history, a country's exchange rate is so hostile, it is never happened before. Against Japan in 1985, but four countries, this time in the world outside Africa in addition to the United States against China. So when my speech, I am very concerned about our situation, our leaders, I also sympathize with the pressure, because this is history has never been seen before. December we have resisted the pressure to the appreciation of the RMB exchange rate is not the West did not seem to reflect the reason for this? Christmas is coming.

I am worried that pressure will come one after another after Christmas, on December 31 sent his number one pawn of the United States, 2008 Nobel laureate in economics in the He said: China is not manipulating the RMB exchange rate appreciation, he used the sentence in English: China's exploitation of the world. Ah damn good! I do not know who is exploiting whom. But we have no voice, voice control in the West hand. He said that if the yuan does not appreciate, it is recommended to start the second war the United States: trade war.

According to my understanding, the exchange rate war and trade war will form the two front claws, cut your throat. To London in January this year,

to January, said the first time China overtook Germany to become the world's largest exporter, we see this news triumphantly Deyizhiyu been fooled, and Europe is the thought: the European people, ah, why is our unemployment so serious? Are Chinese people's fault, because the Chinese exports than Germany.

China reduced its export-led by the unemployment rate, but the Europeans have to pay a painful price, so the unemployment rate in Europe and America more than 10%. They asked why China exports rose? Because manipulation of its currency, which is nonsense, but we do not have the right to speak. After a series of reports is to make the people against the common enemy in Europe and America, Europe and the United States led to the unemployment problem, particularly the problem of unemployment caused by the financial tsunami actually pushed to fall into our heads, so hateful.

to January 20, the Group of Seven expressed through the media, February 5 summit in Canada, the Group of Seven will again put pressure on the yuan to revalue its currency. And our Vice Premier Li Keqiang on January 20 clearly express our commitment to the world, he said that the RMB exchange rate remained stable for the whole world is beneficial. Li Keqiang, of course, such a speech

I certainly support him, but I am worried about our choices limited. We have only two choices, the first one yuan insist on not appreciate, we will become enemies with the world, they will use the trade war against us; second option comply with the requirements of the world, after the Spring Festival RMB appreciation of 3% to 5 %, again within two or three years the appreciation of 20% to 30%.

As for what we do choose, after the New Year will be very clear, but two choices are very tough choices. 2010 is a very complicated year, and this complex is the reform and opening up the first time in 30 years. I hope that entrepreneurs, the Government will work hard times, but all this is not our choice, because the four major gifts have been ready, interlocking ready.

next step is to trade war, when the war ended their trade done? In fact, some can not be defeated by war, some war, but also should not be defeated. Last Sept. 12, Obama signed the tires safeguard trade war by the United States is an important piece of cloth. It is not lost, but we lost the so miserable, let us follow the aftermath of the waves unbearable.

The problem is too important, so necessary at this time and all our friends to talk about a trade war is all about.

fact, things faster, the trade war called the tires and the beginning of the case, this is the seventh U.S. unions safeguard, the former U.S. president six have been rejected, even by the seventh , that is terrible, by itself is a carefully planned national strategy.

the beginning of all this comes from the U.S. steel unions safeguard the tires, I investigated a bit, I suddenly found that our translation is wrong, this union should be the name of the original steel, rubber, paper, forestry , energy, manufacturing, service, and so many sectors of the United Federation of Trade Unions of the Americas, how do we translate it? We look up, first check the first word that immediately write down the steel, and then again a look there are dozens of words is not checked, even made for the steel industry, how can you so sloppy you undefeated, he Obama's hardcore brother, as you know do not know how terrible this union?

2008 presidential election, when Obama and Hillary Clinton locked in killing time, is come out of this trade union support for Obama, making Obama Mamai on the president's throne, so President Obama and the ambiguous relationship between trade unions, this is your unthinkable. Such a major competitor, we can actually translate it wrong, so terrible trade unions, I believe he was later to benefit.

two conclusions after investigation, the conclusion of a 2004 to 2008, China's tire exports to the U.S. market share rose by 12%. Conclusion Second, the same period, the United States tire company's market share fell just 12%, due to the rise of China is just down the United States, so the judge China's guilty.

in this crisis-ridden international negotiations, we are sending to the dignified Comrade Xu Ying trade negotiators did not speak English. She shouted abuse at the time the United States International Trade Association, the roar courtroom, it is defamatory to China. Wen-Ying Xu said, you dare to sanction our Chinese American tire, we will not export cheap Chinese tires for you, so the Americans can not afford to change tires, and if Americans can not afford to change tires, highway accidents increases. This is the answer to our trade negotiators, can you imagine? After she finished, the audience was laughter.

United States International Trade Association, with her reply was given to two conclusions on the president, Obama signed the tires and the case immediately, thus completing the second root of a pair of pliers claws.

signing is completed, under the operation in the United States, South America, Brazil, Argentina, India, initiated safeguard action immediately, the German solar electromagnetic launch anti-dumping cases initiated by European and American footwear, aluminum, seamless steel anti-dumping case, the United States launched nine inch steel pipe, pipeline, phosphate, and so anti-dumping cases.

in this pressure, Rain Comes from Wind, China's largest trade union of the three export, including textiles, electrical machinery and light industrial products in the United States one month before the board for a CNN Chinese-made 30-second ad. They want to appeal through the flexible, moving the American people in the hope that the U.S. government let them go.

But I ask you friends, if the U.S. decided to impose sanctions on our three main export industry, then what is the result? If coupled with the first World War, if the 20% appreciation of the RMB exchange rate, you know we have to back many years?

But unfortunately, tell you friends, this ad is invalid, and this year in January, the U.S. has three products for our anti-dumping, the first drill pipe is called, the second tray made of metal mesh, There are electric blankets, trays and electric blankets are our light industrial textile and electronics industries, the U.S. has begun to sanctions.

I talked about here, I do not know what the consequences will be, because of my limited ability, but I was very worried. The slightest mistake lead to disastrous consequences. Can you imagine how the situation in crisis today, this time requires great wisdom, need effort. And this time the Ministry of Commerce is very sloppy, you have absolutely not ready, you're underestimate the enemy, imprudent, how can you undefeated?

and we also have to consider retaliation against the United States, and of course I have our revenge the Chinese government has always been my support, but the question is what you want revenge? You may want to retaliate against U.S. chicken.

I do not know the chicken with the U.S. What is the relationship of China's tire, but you want to know further retaliation. First, in the United States to build the chicken coop, the cost certainly better than China's low; Second, labor employed in the United States than the Chinese chicken costs low? Not. Third, the U.S. will not be hatching chicks cost lower than China; Fourth, the United States is the humane chicken, China is inhumane chicken, cooking chicken in the United States is very interesting. China to die, you look at a chicken farm in China, China's chicken with no distance between the chicken, so chicken that the Chinese do not squat down over a lifetime. Life in China is difficult, more difficult to cooking chicken.

to these four points of view, the United States is not cheap chicken to the truth, we want to know why so cheap American chickens?

as special cheap feed, feed, why the special cheaper? Because corn cheaper. Why corn Special cheaper? Because the U.S. government subsidies in the past decade a total of 290 billion dollars, equivalent to two hundred billion yuan in cash subsidies. A country could be so much a product of cash subsidies, many countries including our country can not do. You want to revenge U.S. chicken, you are wrong, the object of revenge, retaliation is not the American you want the chicken, but behind the corn. U.S. corn is about to launch World War II, that is, the cost of war.

tires safeguard we should not be defeated. So we should answer: First of all, I admit that the U.S. national trade association of law enforcement right, I admit you two findings. However, I remind Americans of the following two facts: first, you know 2004 to 2008 the share of the United States decreased by 12 percentage points Why exactly? You do not know, I know. Because you tire of the four U.S. companies, including Tesco solid, Michelin's plants they just turn off the United States, so drop by 12%. Then they went to China, the use of cheaper Chinese production of cheap labor, all the tires back to the U.S., so we just share in China increased by 12 percentage points. All four companies are American you do, and we have nothing to do in China.

Second, if you sanction us, you will go to four U.S. companies in Indonesia and Thailand, where labor is not only low, more importantly, they produce rubber, so they can continue back to the cheaper cost of sales America, you will be the 12 or more points. You just answer truthfully using the actual data, this war will not be defeated, as long as this war, then undefeated, Obama can not build a trade war. As long as the lack of a World War II, the U.S. exchange rate war will not work. Unfortunately we are disgrace to let us into a passive to an unprecedented situation.

But even more terrible war yet to come. That is the third war, the cost of war, and climatic battle, if you're brave enough, you dare to hear, rest for 15 minutes back to talk about.

2000, the U.S. company Monsanto visited the Institute of Biology, Chinese Academy of Agricultural Sciences, gave the occasion of his departure, a soybean Academy of Agricultural Sciences. Monsanto's understanding of the habits of the Chinese people more than anything else in place, he knows we are a country like the stress on the other, he gave us hope that we will rebate a soybean after soybean, soybean our Academy is really a rebate. What we really confidential? Is soybeans. Because we control the Chinese people around the world 90% of the wild soybean seeds.

Monsanto get, if soybeans Fengyun treasures, immediately flew back to the United States, isolated prolific gene and antiviral genes, the United States already have the oil control genes. Thanked the Chinese Academy of Agricultural Sciences, Monsanto then 131 countries in the world 63 patents registered in 2003, this grandson of a soybean future generations grow up, they decided to invade China. We are really open to imports of soybeans, and soybean have been officially eliminated Northeast.

2003 年 8 months, in lower soybean stocks, from August 2003 Scoop April 2004, up 4,400 yuan / ton. And for the previous month, China's total imports of oil crushing plant more than 800 million tonnes of soybeans. May soybean futures began on Wall Street fierce throw, hit 2,000 / ton. 70% of the final-round collapse of China's oil pressing, grain merchants to enter China after the acquisition of four of these factories closed down, making the whole of China in 2009 more than 85% of grain and oil control in foreign hands. Jinlong Yu, Lu Hua, Fortune, and so are the four companies holding the pricing power of the Chinese Cereals and Oils in the United States hand over Wall Street, Wall Street control the price at this time.

Nanjing friends at home a plate of fried vegetables - green pepper pork, green pepper pork dish is this who is going to control the price? Cooking pork to cut it, cut pork it, who controls the price of pork in China? Bo Xilai has recently caught the pig underworld gangsters, he was a person to develop the pigs can eat for two days of national people, the past two days alone, he can control the price of pork in China. He is a gangster, but not in the underworld behind him and a super-master, his name is Wall Street's Goldman Sachs.

Goldman Sachs in 2004, the first acquisition of Yurun Group, part of the shares, get the pork downstream processing. 2006, then to 20 billion acquisition of Henan Shuanghui, get out after the upper reaches of the downstream. 2008 to 3 billion acquisition of Hunan, Fujian, dozens of pig factory.

rogue pig pig pig far less than Goldman Sachs, because only the control of swine Pa Chongqing, and Goldman Sachs control of two provinces, so Goldman Sachs is the only one in control of almost the whole pig industry chain on the middle and lower reaches of the enterprise. He took control of the industrial chain from Fujian to Hunan, Jiangsu and to Henan, a whole industrial chain. What is his pig level of Pa? He really manipulated the price of pork in China, I still remember a month or two before the lecture in Shanghai for some leadership. Shanghai Brilliance Group, chairman of very mixed feelings after listening to ask me, Lang, Professor of Shanghai Brilliance Group of large, when we talk about the grain and pork supplier prices, they are not birds, our birds, only today know why the original Wall Street.

heavy snow in northern China one month before the price of vegetables, resulting in huge fluctuations, fluctuations are only short-term fluctuations, please ladies and gentlemen, guess who controls China's benchmark price of vegetables? We stole Monsanto soybean controlled. China, a company he controls 50% of the vegetable seeds. To control long-term benchmark prices of vegetables. Course, which should include green peppers. If even a green pepper fried pork prices are determined on Wall Street, not to mention oil, iron ore?

any relation between these companies? Please listen carefully, Wall Street, Monsanto and the four grain merchants, known as the modern East India Company. Pork with green pepper, for example, friends should be able to give you a warning, you do not think Americans are just manipulating the international market prices, even you can manipulate the price of Nanjing, this is the powerful United States.

a while ago, we staged a spy Rio Tinto doors you remember? We Rio Tinto Steel Union negotiations, two years down the negotiations so that we lost 700 billion, and why? And vegetable prices because of the same, and agricultural prices, as pricing is not controlled by us.

who controlled the iron ore pricing?

Steel Association last year, I remember the negotiations, Rio Tinto only agree to a reduction of 33%. We talk about the Steel Association, how can you talk about? Xiao did not know you for your loss we had seven thousand million, and why? Because you do not know the pricing of iron ore, rules of the game. Then you ask me, given how the price of iron ore? I usually do not speak of

. However, the bank that you do, you talk about has nothing to do with the iron ore price is not Steel Association to negotiate. Depends on two prices for iron ore prices, the first oil price, the second Baltic Dry Index, which is the freight index. As long as the two rose, iron ore to rise, the two fell, after the iron ore to fall, that iron ore prices are top of the Baltic index and oil prices up. Then I ask you, oil prices, the Baltic index who manipulated? Wall Street! Who is behind Wall Street? United States Government! So, you really negotiating partner is Wall Street, that is, the U.S. government, the United States Government, through the manipulation of oil prices, Wall Street, manipulating the Baltic index, indirect control of iron ore.

give you an example, in July 2008, I am speaking in Shunde, Guangdong, site visitors are traders of steel, I Tingyou influence in Guangdong, which is one of them told me on the spot them, and steel prices will plunge and became a hit, how I know?

I have not spoken with others, to tell you today, forget it. All this thanks to our Shenzhen Nanshan Power's leadership, we Guangdong Shenzhen Nanshan than 100 U.S. dollars a barrel in oil prices and Wall Street's Goldman Sachs, when signing the contract on the bet, how much money on stocks? 62 dollars, if the oil price above USD 62 per month Goldman Sachs, 30 million dollars paid to Shenzhen Nanshan, if oil prices fell below $ 62, fell below the day of Shenzhen Nanshan Power paid 80 million dollars of Goldman Sachs, or a dollar for every subsequent re- to pay 40 million dollars, please calculate each state-owned enterprises for the people of this loss, how much? About ten million dollars or more.

I just saw this deal, so I know the price of oil fell below 62 dollars a certain, or Goldman Sachs would not sign with you. As long as oil prices fall, the Baltic index must be dropped, this is the law. So first, the Baltic index fell, oil prices fall further, then iron ore fall further, so this is what I said, so sure of the reason is because of the deal. If your investment is to attract such firms Goldman Sachs, you're in trouble.

any acquired businesses is just a pawn on the international chessboard, they are of any benefit to U.S. interests as a precondition. U.S. manipulation of the agricultural and mineral raw material prices, manipulate the pricing, the cost of war as long as the United States is willing to fight, that is, the right to control inflation in China has been through various methods of speaking in front of me hand over to the Americans.

I believe I mentioned here, each and every friend should have a very serious sense of crisis. If the United States would like to make the cost of war, the result is terrible. He not only capable, more importantly, he has the strength to make any point he wants to do, too terrible.

war if it took place on the first three games how to do? Of course, I do not think he will occur together, but we think the worst case, if the exchange-rate appreciation, our main export is the sanctions, the outbreak of inflation and how to do? Of course, I do not want it to happen, and planned by the United States at the back, as you know do not know how complex the situation, this is what I've been telling my friends, we need government, business, media, people work together to defuse the crisis with great wisdom.

but to defuse the crisis with great wisdom have to talk about a fourth war: Climate war.

remember the last December's Copenhagen meeting?

I think the events are arranged in a drama, the beginning of the meeting is to come in several Pacific island countries cry and kick the people that their homes were submerged, and their government wants to bring oxygen barrels to water the office.

former U.S. Vice President Al Gore and then shoot a documentary in which a picture is going to melt the ice above the sad face of a polar bear stood looking at the east. Seem to be our fault, but I tell you once again through the speech, I hope that we can use the great wisdom to resolve this crisis. What is great wisdom? Guangdong TV early November, I said something to the time: I do not believe it. Why do I dare say so arrogant: I do not believe?

I said, warming five-stream data is provided by the University UK, and his name is University of East Anglia, I have so many schools taught the world the book, my students, teachers, friends all over the the world, I heard this I shall have the name of this university. I suspect that four other universities. Relying on this, I said I do not believe, this is my TV shows and programs in Guangdong speak.

2009 年 11 月 17, thanked the Russian hackers penetrated the computer professor at the University of East Anglia. Finally found to be a big hoax, which almost all fabrications of data.

warming climate there? There is no cold?

there! Earth's warming climate often, and often cold. 11 to 14 century AD, when the temperature ten degrees higher than now, that is the world's Nuanshi period, when the polar bears that come ashore, and went to Siberia and northern Canada, Alaska, they are alive and well. Before the 18th century is the Little Ice Age, so cold, oh.

climate is warming, but also cold, but it has nothing to do with carbon dioxide. Harvard professor with the Massachusetts Institute of Technology is very difficult to be bought, professor of East Anglia, it is easy to buy. Do you think you have the ability to change the climate it? The presence of the bank you are doing, I just ask you one word, you know how much human emissions of carbon dioxide? 6.5 billion tons, you know the number of bacteria discharged? 150 billion tons. We are 6.5 billion tons

only a fraction of bacteria in it. And because of our human-made modern industrialization is the fraction of a fraction of carbon dioxide, you do not have influence, but the bacteria and the carbon dioxide humans put together all of the atmosphere inside, but 0.054. So in the end what

affect the climate?

sun! That is why the warming Earth? Because of increased solar activity, sunspots increase the sun's surface, climate, Why cold? Because fewer solar activity, sunspots on the solar surface decreased. This is the conclusion in January of this year.

Western countries want to achieve the purpose of launching the climate war. After all friends, your customers, products, export products, but also pay, because the manufacture of carbon dioxide. For example, 1 ton of steel produced 1.8 tons of carbon. 1 ton of cement produces 1 ton of carbon, a piece of clothing produced five kilograms of carbon.

how much money to pay it? Americans told us the price up to close 70 U.S. dollars a ton of carbon, so the next time we want to export, pay, called carbon tariffs, are you afraid to pay carbon tax it? It does not matter, you can import to Europe and the United States to reduce carbon technology, So now he fabricated using carbon dioxide to do to close the developing countries led by China, carbon tariffs.

what purpose?

pulling in this way is to use the economic development of their countries, the second objective, comprehensive obstruct China's economic development, including national policy recently, companies have resorted to carbon emission reduction strategies as the main aspirations.

Comrades, you have taken, because the fundamental and climate-related reduction of carbon dioxide, water, waste disposal problem in developing countries really need to do this is a new energy, not carbon emissions. Europe through carbon tariff exactions, pillage our dollars outside. Second, through carbon emission reduction issues obstructing China's development, making our waste problems, water problems worse, because we put a lot of resources to engage in carbon reduction.

you can imagine, such a big lie, do you dare to compile out what you can not it? Under such a big lie, to achieve two objectives, the purpose of the first U.S. low-carbon, and the second to block China's economic development goals. Need great wisdom this time to resolve, because these four foreign aggression, the four wars, so your customers from their first this year, exacerbated by disease. Not as good as 2006, but your illness is not a light ah! You have a second disease, remember gold story? The second patient how come? The virus to the financial crisis.

What is grasping building?

that is paving the way for all levels of government through the use of reinforced concrete bridges and a pile of GDP, is not a great year. This is why China's GDP in 2008 to 50% in steel and concrete, consumption was down to 35%. 09 Worse, 60% to 70% are steel and concrete, only 25% of consumption, so that we become a serious shortage of consumer countries.

Second, the investment. The result of strong investment levels of government, making a substantial expansion of production capacity in China. GDP in 2008 up to 70%. The second policy, which became 70% of capacity, the first policy allows only 35% of consumption in 2008. I ask my friends 70% of the capacity to consume only 35% and 35% post-consumer can not be called what?

serious overcapacity!

Why has no problems?

absorbed because the consumption by Americans, and we exported. What is that American consumer? To borrow money to the excessive consumption, referred to as foam consumption. But comrades, as long as the bubble will burst, and we completely lack a sense of crisis over the years, do not even know we export is people pulling the foam consumption.

how the financial crisis going on?

two local government policies that allow us overcapacity absorbed through exports, but exports of financial crisis makes the collapse in November 2008 China's exports for the first time began to turn from positive to negative, becomes -2.22% . December -2.8%. To the entire last year, exports decreased by 16%. Exports fell, the Americans do not consume our excess capacity immediately exposed.

Comrades, you had a second disease, your students the story of these two diseases is the inevitable outcome of gold, because you did the first choice. Two patients had a fever to be, how a fever?

data from last January to see, January exports fell by 17%. Imports actually decreased by 43%. Terrifying. Even the raw materials other than crude oil decreased by 50%, imports of machinery fell 40%, meaning that there is nothing to fear? China's manufacturing industry is simply that we import raw materials, primary processing machinery and equipment imports, if imports of raw materials fell in January last year, half, imported machinery and equipment fell into four, you know what this is terrible meaning?

that two patients in front of us does not resolve the circumstances, our entrepreneurs have not done so before imports plummeted, the result of deciding not to do is repeat the mistakes of 2006, everyone speculation, stocks, fried to a car, resulting in fever. How do you deal with? You have the right medicine to solve the problem, if you used the wrong medicines? That fever is more serious.

we talk one by one. First, the first prescription

: agricultural reform, I want to tell you that the ultimate profit of agricultural reform, the East India Company.

second reform: medical reform, medical reform is difficult to promote!

both prescription no medical treatment, and now the rest of the four prescriptions:

first four trillion investment;

the second, ten industrial revitalization program;

third car home appliances;

fourth last year, 7.37 trillion in the first half of bank credit.

Is this the essence of the four prescription what is the meaning?

you see everything in the media reports, including stimulating domestic demand, eight, and promote growth in all surface phenomena, and today the largest problem? Essence is the use of excess capacity tomorrow excess capacity to digest today.

example, where the construction of four trillion? Not Jiangsu, is in the Midwest. Highways built in the Midwest have no car to run on it? Little! Not have a car running after completing all the highway construction is called excess capacity. However, when the use of steel in construction, cement, steel market today so it can digest the cement market overcapacity. Once created the problem is how to do? Once created highway is excess capacity, because not steel, not cement, and immediately they show their colors: overcapacity.

So comrades! I started speaking to tell you a news, August 26, 2009 the State Department said the seven industry overcapacity, and January 28 this year on the light industry, textile, coal, electricity and other industries that have excess capacity. Solve the first six prescriptions disease? Not been resolved, the second disease of excess capacity it? More serious!

been sick tell me, did not address if the first patient, a second more serious illness, fever, of course, more serious. How does a fever? That is 7.37 trillion into the rest of the four to whom?

mainly state-owned enterprises Short-term financing.

then I ask you, after so much money to get state-owned investment entities, dare it? Not! Why not? The first patient did not resolve, the second more serious disease. It took a lot of money to state-owned land speculation went, this is simply a fever, released last year, 9.59 trillion of credit, ah, the first month of the year is 1.6 trillion, daring big ah! Dare to put ten trillion a year to the end of January into a 11 trillion, you are not afraid of inflation, ah? !

to make money, not lose, do you dare to vote in the real economy? Not! The first patient did not resolve, the second more serious disease, you will be doing? A large number of hedge funds to avoid inflation, the stock market and property markets. Therefore, the whole of last year, three sum into the stock market, the first two patients did not solve the industry in first, second tranche of credit funds into the stock market. Two-sum property: manufacturing funds, hedge funds, and from these two funds as speculative funds, often from these two funds is the high-end real estate investment.

you know why the developer to make money earned last year is-ism?

a fever because he earned the money, and high-end real estate last year, mid-range real estate, office rentals continued to decline, the high demand for real estate equivalent to the rigidity of society, why do prices rise over last year? Because the two diseases have not been resolved, the settlement of two financial shocks, in the middle is a bubble.

property market bubble, the stock market bubble, the bubble car together so that you meet this year's crisis.

first crisis called asset bubbles.

November 26 last year, the World Bank President Robert Zoellick said that as long as China's asset bubble when it burst in 2010 will bring the global economic crisis. So you do not think that the international development of the people all of our positive view of today, and now many of them are negative views.

second crisis of economic stagnation known.

Troika first is consumption, and consumption is the source of deposits and wage income. We take a look at the past deposits, many of our scholars said that China is a saving power, I say you are talking nonsense, vain! Savings per capita is only twenty thousand, and what is more, ah? Then deduct 1% of the wealthy, the per capita savings of less than 1 million, and I ask you how do parents get sick? How do children pay school fees? Do you dare to spend it? Savings per capita less than ten thousand you dare to spend it?

wage income? Hourly wages are lowest in the world of China, 8 cents U.S., Thailand, 2 dollars U.S. dollars, we do not even like Thailand. We are the world's lowest wage income, per capita gross dollar 8 per hour wage income, per capita savings in less than a million consumer ah how do you? So the first game is.

second frame carriage: exports. Once the bubble burst will not return to the original level, so the game is exports, which is why the Government to engage all of the valuable resources of the reinforced concrete. Because only a coach, but all of today's construction is booming and looks to make up for today's overcapacity overcapacity yesterday, after how to do?

I see almost all of the other foods in addition to excess capacity. That the future growth of your points? Please tell me if the whole of China is a big hole in overcapacity, there is no growth, if not, then I tell you the following, the development of China's long-term economic stagnation, it is your second crisis.

third crisis, a hundred thousand billion of bank credit will inevitably lead to inflation.

Therefore asset bubbles, economic stagnation and inflation of technology is that you will encounter this year, the three major crises.

last topic, Comrades, please think, Lang can understand the problem, Obama can not read it?

If Obama knows that we have three major crisis, how do you think Obama will? Do you think he will provide a temporary relief, or will insult to injury?

insult to injury, how did he do?

Do you remember the start I'll tell you the four gifts, remember? Then we come to talk about.

first crisis, asset bubbles.

Obama's first present? Exchange rate war. Japan 1985, Asia in 1997, the exchange rate in 2008 war with Vietnam is on the asset bubble, comrades, you now know what Obama was thinking, right? What is the level of people ah! His war is the exchange rate for your asset bubbles come.

second crisis of economic stagnation.

you have three carriages, one carriage Obama can control where to live? Exports, exchange rate war against exports, a trade war against exports, climate war is to attack our exports. He is bent to give you blow. That is why the September 20, 2009 Obama said China's exports must be reduced, he is the export of the three wars against you.

third crisis, inflation of.

Obama is the cost of the third World War, World War II, Jan. 5, said the World Bank, the world's agricultural and mineral raw material prices likely to rise significantly, and he is behind Wall Street, Wall Street, behind the United States Government, the cost of war is the United States against us in the third crisis: inflation of.

Therefore, China's three major crisis is of our own making, how to create it?

disease does not resolve the two, together with the wrong medicine.

Obama's four gift for?

completely against our three critical events, this is what I tell you the media, and the complexity of 2010 is the year, we must use great wisdom to solve the problem.

no great crisis, the country's most frightening thing is do not know what the crisis, so three hours of speeches today, I tell my friends to what clearly is a crisis, so that we and the government all work together, Thank you friend.

to pose a question: how do you see the real estate bubble?

Lang: should never reach this step, you have such measures will come to this.

originally had two patients, with six prescriptions, and finally cause a fever, fever, resulting in house prices rose, the king around the phenomenon of rising house prices out of this problem is very complicated. If we had listen to me this would not take this step, do not let it fall Gaoyao prices? Unhappy people do not fall, if fall it may cause the crisis, so I do not know how to do, my level is limited.

Moderator: Just one person said, you have to Nanjing in 2007 the question about housing prices, and today they came to Nanjing, Nanjing prices doubled over a generation in 2007, housing prices, then if the fever , want to bring down a fever? Here's the data, second-hand house in January this year, Nanjing volume fell, the bubble will burst? The face of such a complicated year 2010, how people value preservation of assets, how do people have the money on hand?

Lang: also add value to preserve it, this is very bad time, ask me this question.

in 2008 by the end of 2009 beginning of the year, in March 2009 then I will tell you to buy gold. But by February of 2010 this is very bad time, which is to choose, the first bank, the second to buy gold, the third estate, the fourth stock. Now the four options are bad.

fried gold? Fried is not your real gold, real gold is driving Wall Street, according to my sources, the Wall Street cash gold is currently at a high stage, will be mid-high 12 cash, so it is not a good time to buy gold.

real estate is because of his fever, the next step is it?

is the phenomenon of the year in January, stock prices have fallen below two thousand this year, do not know, so the choice is poor, so in February 3rd today, you also blame the organizers, and today the I called a very bad, that is, in February, please I did not answer because my level is not enough, because you give me four options, I choose not, no way, my level is not enough.

Moderator: Some people are interested in a problem, as Mr. Lang how the financial management of your own?

Lang: I'm almost level with you, I just do foreign currency hedge, real estate.

Moderator: Professor Lang told that your alarmist, it proved that economic globalization is a trap?

Lang: Of course, you think of a problem, why globalization?

If you have a right to speak of the country, you are not trying to profit through the globalization of yourself, you will not be a profit through the globalization of others. Why did he globalization? Self-interest is certainly negative, and this is why globalization itself is the benefit of hindsight is an international conspiracy.

Moderator: Someone asked students what is the cause employment difficulties, and how to solve?

Lang: China is a big manufacturing country, according to the concept of globalization, international division of labor you remember?

What is the international division of labor? United States 30 years ago, the chain into two parts, manufacturing on China, the other links on the United States, including product design, raw material procurement, wholesale and retail, and so placed the United States. Why such a high proportion of American college students? Because the real needs of students not to create, is to create outside links, and the U.S. control of these areas, so he needs students, college students do not need to be manufactured? Do not, many factory owners, from the beginning to the security, chairman of a college student might not.

Moderator: Some people asked would not happen this financial crisis similar to the U.S.?

Lang: I hope not, because these are a chain reaction. For example, housing prices fell, land prices will cause a collapse of local government financial difficulties. I put the source of every ill tell you, this does not solve the two patients, six did not solve the prescription, resulting in this situation today, I have to tell you all the problems, you want to solve the problem? In my speech to these details, how to address the first patient, a second disease, I have given a prescription, and to see you do it or not the problem.

Moderator: Hainan how you look at the recent rapid rise in house prices?

Lang: Building tourism in Hainan Island is needed, the question is why the success of Las Vegas can not be copied to Dubai?

please think about a reason for this is that tourism, tourism and real estate development success is inversely proportional to the ratio. The more real estate development, the more it is not easy to succeed, the less the more successful real estate development. You go to Las Vegas do? Usually go to gamble, go to the casino to play around, but you have not seen in the surrounding villas, holiday homes of goods? Not, why not see? United States Government does not allow the U.S. government does not allow free to lift prices, you need to completely under the strict supervision of the U.S. government, a lot of money can only be put to the professional travel industry.

Dubai it? Dubai Why is there a crisis? Engage in real estate development for Dubai, but Dubai's real estate is not expensive, its most expensive thirty thousand yuan only. On the three RMB yuan a square meter property will be able to hit the tourism industry in Dubai, you do not guard against it?

We must understand that this is a very complex in 2010, you want to succeed? It does not depend on the courage, and rely on you to learn other national, regional experience, I think Las Vegas should be our role model. Learning experience more and less roundabout take the point, will our country better.

Moderator: Professor Xie Xielang, he wants you to explore the following question, in varying degrees throughout the conduct of the operation of the city, from the Government departments to economists generally believed that in the foreseeable future The ten to twenty years for the upgrading of China's urbanization level to 50% or more. If China developed into a highly urbanized country, farmers become workers, residents, then who is going to farm the land? The remaining half a billion people, or billions of people to farm the land, can feed the rest of the billions of people? Others believe that as long as some of urbanization can also eliminate the spread of urban disease, do not know whether Professor Lang agree with this view?

Lang: I have always had reservations on urbanization, and you do not think the peasants into the city will be rich. I certainly hope that farmers rich, but only if he had to have a job, and must have a very good job income to wealthy, I do not know where's the logic, then you can off of urbanization, it is superficial.

farmers into the city we want to be on one condition: he can find a job, be able to find a job of higher wages. Let me ask you, who gave the job? After the entrepreneur can hire to do a good farmer, so the surface is called the phenomenon of urbanization, a city of success depends on the ability of the business profitable.

only possible to a profitable enterprise to promote urbanization, if the entrepreneurs do not make money, you do not need the workers, peasants into the city so much that after I ask him what to do? To grasp the essence, how to solve for entrepreneurs to improve the investment environment, improve the excess capacity to allow businesses to grow, grow, make more money, he can hire peasants, farmers have to work, to live and work. Therefore, urbanization

profits of an enterprise must be driven, rather than forcing the city, we must be after the passage of time, after the formation of the enterprise gradually made money as a natural movement to cities like West, rather than Destructive Enthusiasm.

Moderator: The next letter from Jiangsu Xin Investment Guarantee Corporation, and also co-host today, their main service to all types of small and medium companies, choose the right industry is very important that they , how does the current economic overheating, the small and medium industries which develop more likely to survive?

Lang: If you want me to predict the behavior of each person, I am not very good prediction, if the government industrial policy, I do not know, he changed the West become the East, I can not predict.

Moderator: Do you only for one day in February a month to complete the lending limit how do you think?

Lang: This is not the bank itself, in fact, many media have asked, how do you think we should banks do? Banks are passive recipients of social enterprise as long as both are very healthy profit, the bank will be very good, as long as the social enterprise is not xiao shall not make money, banks will not.

therefore depends on the community good, good social order to nurture a good bank.