In 2008 full-blown global economic crisis and the background of mountains and rolling hillsides, "4000000000000" The introduction of fiscal stimulus, to show the world the Chinese government about the situation of the courage and determination to re-let countries know the potential and the Eastern Dragon strength.

Despite the strong national regulation of such practices from the beginning been controversial: the source of funds on the 4 trillion, about 4 trillion of investment flows, on the duplication and waste of resources, concerns, or even possible on the implementation of the process of corruption ... ...

However, to date, no one can deny, "4000000000000" to the nation into confidence and passion, especially in this "confidence is more important than gold," the period of such an ambitious investment Imagination, enough to support the Chinese nation to join hands to overcome the crisis eventually break through this difficult period.

"Two years 4000000000000" program nowadays has more than half, from the fourth quarter of 2008 to the third quarter of 2009, the central government has pledged 1.18 trillion yuan investment has issued four batches of 380 billion yuan. The economic recovery has become a trend in 2010 - this or that can be called Hou 4 trillion in the era of the Chinese macro-Tiaokongfangzhen Ruhe to rural fiscal investment direction on how Zhuan Bian, market financing subject to conversion, the Chinese economy has inspired Haishidigu wandering, etc. These issues will be answered.

Indeed, the central government's expectations, the "4 trillion" is a good way to support within the tune, not only at immediate excitement of fast needle. Therefore, since it is more of a side edge of the process of governance, then the change ill and need to constantly adjust to change treatment.

9.7 trillion yuan huge loans to digest, the shadow of overcapacity predictable, stimulating economic growth, "Troika," a serious imbalance ... ... "4000000000000" The new issue has caused the central government attached great importance.

Early December 2009, the annual Central Economic Work Conference, set the tone for the coming year's economic work guidelines. "More emphasis on ways to promote economic development in transition and economic restructuring", which is central to the height of the 2010 general development trend.
"4000000000000" Who is crazy to
Embattled status of the world economy, the central government for two years 4 trillion yuan of fiscal stimulus program, beginning the construction of China's largest ever investment in the prologue.
"4000000000000" fiscal stimulus soon as he was introduced, immediately triggered a wave of local government 18 trillion of investment.

This is a popular investment community a real conversation - 2008 year, Running over to Beijing for approval by, jam Sanlihe central ministries in Beijing office. From 10 months, where the restaurant is always crowded, difficult to get rooms, casual seat diners are talking about tens of billions of dollars in the project approval, this spectacular event not seen in years, so earlier because of business bad and shut down the restaurant owner jealous endless.

This unique landscape of the reason appears simple. 4 trillion yuan from the State Department announced fiscal stimulus since the central ministries and local provinces and cities have stand up. To the end of November 2008, the country's 24 provinces have announced investment plans total over 18 trillion yuan. Although these plans can not be granted, but so amazing impulse to invest, including more unrealistic bubble.

Followed by local governments, banks also followed up crazy - as with the State Department, "4000000000000" plan, engineering, agriculture, in construction and other banks to support the rapid implementation of the national credit plan to expand domestic demand, the end result is the 2009 year of 9.7 trillion yuan in the day the scale of the amount of credit over the two years 2007 and 2008, and credit.

The course of economic growth and asset price inflation process, credit risk may be covered up, but if excess capacity and asset prices, credit risk exposure will be immediately, so as the scale of credit expansion, credit risk of the banking system can not be ignored.

In this loose liquidity stimulated the most sensitive nature of capital markets could not escape the attacks crazy. China's stock market in 2009 led the unprecedented performance of the global capital markets - more than 1,800 points from the beginning of the year started, the Shanghai index rose to 3478 points at one time during the year, or nearly doubled, while in 1581 the shares tradable, the cumulative rose more than 200% of the shares are more than 500, or more than 100% of the up to 1281. This is clearly beyond the most professional organizations is expected in the early Conservative.

China's property market in 2009, can use the "contrarian shot up" to describe the impact of economic crisis were not the slightest, but ushered in the development of the strongest year in history. Looking at the real estate market in 2009, the superheat is almost no one denied even the crazy performance.

Hangzhou reproduction room number of the wonders of speculation, seven or eight thousand people fighting for more than 200 a house, a room number is low then the high hundreds of thousands of thousands; Beijing rings Kai Wai's real estate sale price of up to 17,000 / m ... ... a hit television show, describing the scene staged in reality 11.

Above all the madness of all such initiatives, and the real economy does not match the real development, so the process of economic recovery will inevitably hamper the breeding of a lot of economic recovery in 2010 and steady growth of a variety of risks - across the "big , dry, fast, on the "blind construction, many key industry overcapacity, pressure on banks carrying huge credit, capital markets, property market, the bubble grows bigger and bigger and so had to arouse our vigilance.

2010 Economic Key words: "structural adjustment"

If a year ago, everyone on the global financial crisis China's economy can maintain the growth rate of 8% had doubts, then a year later, in 2009, "Paul 8," the general trend has been set, many people have started optimistic estimates of economic growth in 2010, journalists present to hear the most exciting targets of 10%.

Can be seen hanging in the oral compared to the "attention" and build a fair market environment and provide a good platform to break the monopoly of smoke as soon as possible, lower the threshold, and for enterprises, especially private enterprises relaxed, more to the enterprise development space, etc. policy formulation and effective implementation, is an effective means to start private investment

However, as many economists have repeatedly called for, we must focus not only GDP growth rate, but also the composition of GDP and quality of care. At the same time, have some analysts are concerned that, should Zhuyi high economic growth rate may give ecology, environment, resources, and to bring about a greater pressure, led to the Chinese economy in sustainable development, there is worry.
Facts have proved that the central government not only has the courage to turn the tide, even the wisdom of the road between the transformation lineup.

In early December 2009 the economic work conference, "increase the economic structural adjustment, improve quality and efficiency of economic development" was placed in a prominent position, this has all passed out an important signal - "to promote change, the structure" will be the economic work in 2010.
Should be seen, the central government the proposed "to promote change, the structure" the content is extremely rich.

The hardest hit are industrial restructuring. Although the industrial revitalization plan in 2009 will continue, but to stimulate investment and growth-oriented revitalization plan is different is that the rational distribution of industry and standardize market order to be valued more. Promote the traditional industries to production, promotion of more competitive, innovative enterprises become the focus of the 2010 policy, new energy, new materials, information industry, new medicines, bio-breeding, energy saving and environmental protection, electric car seven Strategic stimulus package of new industries will be next year's "opening act."

In addition, the central fiscal policy adjustment is occurring. 2009 key investment areas of central funds, "Rail-based" (railway, highway, infrastructure) will be out of favor, replaced will be the people's livelihood, consumption and social undertakings, at the same time, changes in the structure of economic growth has also been continuously mentioned. And last year's general "domestic demand to promote the" different is that the "coordinated development of exports of consumption and investment" policy statement, showing the structure of economic growth will drive a fundamental change in policy will focus on promoting growth in consumption-based economic growth, the transfer of this growth may bear fruit next year.

With the economic restructuring, the credit structure, too, are changing - credit support from the extremely liberal credit to focus on speed, focus, emphasis on the orientation and flexibility, and control of high energy consumption, high emission industries and industries with excess production capacity loans.

In addition, the economic work conference, the economy of urbanization is different from the previous meeting a key words, "actively and steadily promote urbanization to enhance the quality and level of urban development" will be the next to increase consumption, expanding domestic demand, adjust the economic structure An important emphasis.

The farmers into urban residents, by increasing the proportion of tertiary industry, digest and absorb into the population in rural areas and small cities and towns to relax the restrictions on residence, socio-economic development in 2010 the biggest bright spot. "If the urban population to double if you have excess capacity?" Some experts such comment.
Starting the great wisdom of investment

We can see that China's rapid economic rise over the past year, the most important drivers of investment in particular, government investment. "The current economic stabilization is not due mainly to the good external demand and domestic demand, but mainly due to smoke caused by the Government's investment." Macro-Economic Research Institute researcher Han-sub, said investment, the sustainability of this improvement in the situation not smoke look at how the investment can adhere to, but how much depends on government investment to stimulate private investment.

"China's investment growth in 2010 will present the state-owned capital and private capital, the situation together, rather than country people do not enter into the state." Zuo Xiaolei, chief economist at Galaxy Securities analysts believe that the focus of the policy may be more up in the promotion of private capital investment, the promotion of state-owned capital is more effective and more competitive investments. "Pull private investment, should be next year's key words." Then, on the importance of private investment has become a consensus, how to become a test of driving ability of the government test questions.

Can be seen hanging in the oral compared to the "attention" and build a fair market environment and provide a good platform to break the monopoly of smoke as soon as possible, lower the threshold, and for enterprises, especially private enterprises relaxed, more to the enterprise development space, etc. policy development and effective implementation, is an effective means to start private investment.
It is gratifying that this progress has taken shape.

It is reported that the development led by the National Development and Reform Commission, was reported in early August 2009 the State Council's "further encourage and promote private investment in a number of opinions" is stepping up development in the "Opinions" also known as "private investment 20 . "

2009, 12 months, involved in the formulation of the policy, a person said, is currently developing a policy more than the refined version in August, "down to the individual to relax the monopoly industries access threshold scale, as well as clean up, remove various restrictions and other discriminatory provisions. "However, in some significant areas of industry within the industry surplus and depressed prices of competing in a fierce competition, this vicious cycle will be a great blow to the enthusiasm of private capital investment.
In view of this, get rid of private capital investment barriers, in addition to a more relaxed environment for enterprises, but also the government macro-control means through strong support and positive guidance.

It is understood, is developing policies to promote private investment, encourage and support on specific information into the public infrastructure, public utilities, financial services and social enterprise sectors while accelerating the railway, electricity, municipal utilities, reform of monopoly industries.

The central economic work conference set the tone, the major commercial banks are following suit, have started to adjust credit structure for next year, one of the highlights of the credit policy to increase support for SMEs. Among them, Bank of China, Construction Bank made it clear that will continue to strengthen the national key projects, small and medium-income housing, a major science and technology projects, energy conservation projects and credit support. Industrial and Commercial Bank of China is required, the SME loan growth is higher than the bank's loan growth.

2010: can not miss the historical point in time
2010 was such a natural history pushed to the cusp.

The face of the upcoming series of structural adjustment measures, many may have to face the pressure of even short-term pain, bear the brunt of that cost control has been for the competitiveness of Chinese enterprises. But for the Chinese economy, this pain is the Line
Required before. Needless to say, change the economic growth situation of over-reliance on resource consumption, while the alternative to improve management, improve the quality of workers for economic growth, which continued long-term health of China's economic development boost.

And the global recession in 2009 a big difference, in 2010 the international economy will enter a slow recovery. China's international trade in the face of external demand market, will also be greatly improved. According to optimistic estimates, in 2010 China's import and export, respectively, 12% -14% and 14% -15% growth, surplus growth will resume the contribution of exports to economic growth.
Relative to the pressure of the major economic subjects, the people in 2010 should feel more "protected."

Central Economic Work Conference that the 2010 should improve the livelihood of the people, the development of social undertakings as to expand domestic demand, adjust the economic structure, focus, determined to push forward, and clearly put forward the employment, social security, education and culture as the focus of promoting .

"Country people first." Security and livelihood is the ultimate goal of economic development, but also our strategy of expanding domestic demand and promote economic development means a major change initiatives. Weaving a tight social security "safety net" can not only effectively improve the population quality of life, to solve people's worries, you can also stimulate consumption and sustained economic growth momentum.

We take a closer look at reality from 2009 has started weaving this "safety net": the social security system, improve the level of social security. Helping to increase assistance to low-income people's efforts to step up the implementation of the country to formulate a unified social insurance transfer connection measures, make the new rural social pension insurance pilot work.

The next three years, all levels of government will invest 850 billion yuan added to ease the people see a doctor to focus on your problems, focus on promoting the building of the basic medical insurance system reform, including the five.

Adhere to a more active employment policies to guide and promote labor-intensive enterprises, SMEs, private economy, accelerate the development of a variety of services to encourage college graduates to urban and rural grass-roots level, the central and western regions, small and medium enterprises and self-employment venture.
Increase the supply of common commercial housing and support of the residents own homes and improve housing demand.
Meanwhile, low-cost housing will also strengthen the construction of affordable housing in support of shantytowns, inhibition of speculative buyers, and promote the healthy development of real estate.
Starting from the fall semester of 2009, on the public secondary school students in vocational school full-time students from poor families in rural areas and agriculture students to gradually remove the fees.
Increase the national income distribution adjustment of the residents, especially low-income people increased spending power ... ... ...

Central 1.18 trillion budget for fiscal input to do the rest of the 800 billion support, if the above objectives can be real, and our social security system can be fully constructed on this basis, further complemented by the flexible and effective if the consumer incentives, and actively activating non-capital to form reasonable industrial structure and product supply and demand structure of society, then we have reason to believe that, in 2010, China will eventually achieve healthy economic growth and development for the whole community to further lay a solid foundation .
2010, destined to become a historical point in time can not be missed.

While in 2009, four major portals has increased in online advertising revenue, but by the rise of other emerging challenges of online media, online advertising-based brand's market share has four doors down. Report data, except Tencent market share remained unchanged, and the remaining three portals online advertising revenue market share showed a decline trend in varying degrees, including Sina, 2008 compared to a decline of 3 percentage points, up 7.5% market share dropped to Sohu 5.9% 1.5% Netease.

IResearch Consulting Ren Wei, four door After the 2008 Olympics after growing strong push by the crisis affecting Chengduxiangdui deeper, some areas rebound Suduburu video and other vertical media Yi Ji Xin Media obvious; the same time, in 2009 search engines advertising market for its high cost and accuracy advantage gained 38.2% year on year growth rate, video and social networking sites and other new media as new entrants, the purchase price is relatively low, its overall market in a limited budget, the advantage in the growth rate significantly faster than the integrated portal.

Data show that in 2009 the Chinese search engine advertising market 6.95 billion, up by 38.2% growth rate to maintain the rapid growth of the overall online advertising market, China's growth in one of the motives. Baidu and Google in which a rapid increase in market share, which Baidu a market share of 21.3%, compared to 2008 increased by 2.5 percentage points, the core of the media market share ranks first; the same time, Google market share of 11.1%, is expected to exceed Sina the core media market share to become the second media.

In addition, the value of the Internet media have been gradually recognized advertisers, video sites, social networking sites and other new media, highlighting the value and the rapid growth of the vertical media advertising in 2009 to become the main force of China online advertising market growth.

It is worth noting in particular, experience intense competition and the first two years the rapid development of video site in terms of user experience or in the profit model exploration, have broken through the early levels just to stay competitive in the capital, especially 2009, Advertisers have the water tested video web media, to a certain extent, confirms the value of its media. Ereli information is expected in 2010, video sites and other new media will be strong growth in overall online advertising market, one of pulling power.
Large-scale activities to build strong media
However, Ereli also noted that since 2010, is a "big event", with the portal's strengths in this area will make it again in 2010 will be "rejuvenated."

Historical experience shows that online advertising in the stimulation of big events, there is often a very significant growth. 2010 World Expo, the Asian Games, Winter Olympics, World Cup and a series of major social, sports events, will enable portals, video sites, community cohesion website popularity surge, and this could bring the whole online advertising market accelerating growth, more than 30 billion yuan.

In this context, with the brand advantages, such as an integrated portal, and the authorized strength of the media, will be particularly outstanding performance. Among them, Tencent as the only network of Shanghai World Expo sponsors, Netease, as the sole sponsor of Guangzhou Asian Games, their advertising revenue is expected to derive significant growth.

March 22, coinciding with two close, Zhongshan University School of Management EMBA centers invited to the Chief Economist and the State Information Center predicted Fan Jianping, director of Zhongshan University School of Management students to interpret the "two sessions of new economic policy adjustment and the economy in 2010 trend. " Fan Jianping said in 2010, although complicated, but the future is bright, very worth the wait. After 2011, China will enter the history of the last round of the demographic dividend of the times - high-speed growth, so rich to as early as possible.
After the reporter two times after the weekly number of hot issues, interviewed Mr. Fan.
Efforts to increase innovation
Die Zeit: This year, the focus of economic work is what?
Fan Jianping: in 2010, the central economic work is to adjust the structure, while still maintain growth, control inflation.

New round of economic recovery in the world is not particularly bright prospects for the context, especially "bungy Four" gave us all a revelation, the policy can not stimulate the economy now out. Now the whole world is anxious waiting for the new energy, new materials, new technology out of these new strategic industry, lower costs, more competitive than the traditional industries, and then into the industrial expansion stage.

However, the beginning of the new world strategic investment in strategic industries, and when we can wait until the beginning of new technologies into large-scale marketing of, and now is hard to say. Based on the new type of strategic investment to be calm, for example wind and solar power, may introduce you to spend the time today to spend the money is ginseng, but after you spend the end of the money is radish.
Die Zeit: the strategic direction of development of new industries is what?

Fan Jianping: This year the focus of investment is to provide a temporary relief, not to icing on the cake. This year's investment to make more money in people's livelihood, the energy spent to support the environment, support independent innovation, to support the construction of backward regions, Xinjiang, Tibet and other ethnic areas intensify support. China's independent innovation must be adopted, occupying the strategic high ground technology.

China is now known as wind generators, those equipment are bought from abroad, with the initial assembly of microwave ovens, refrigerators assembled What is the difference? This is definitely not the direction of strategic development of new industries. So in terms of investment, production capacity investment focus is to invest in high-tech transformation of traditional industries and new strategic industrial projects. China in the past, when the introduction of chip has eaten a lot of losses, and not to engage in independent research and development, with the back of the foreigners simply buy technology, but are backward technology to buy, can never escape the backward situation. In independent innovation, it was a bigger effort to, through the introduction, digestion, absorption, re-innovation, the pace will be faster.

After several years of efforts, China will be higher exports of iron and magnetic and other high-end technologies and products. Because, only these two technologies into China's commercial operation, the technology of these industries will be more practical. Therefore, in the future, China's exports will not only clothes, shoes, hats, lighters these labor-intensive products. This is the only way for China's industrialization.
Foreign exchange reform is not a scourge
Die Zeit: once again face a new round of RMB appreciation pressure for its appreciation of the pros and cons of how to treat?

Fan Jianping: We are most concerned about is the exchange rate policy. Central Economic Work Conference, and two, have stressed to continue improving the RMB exchange rate formation mechanism, and keep the RMB exchange rate at a reasonable and balanced level stable.

The key is to first return to the financial crisis, RMB appreciation rate prior to that, let it rise slowly. RMB appreciation, people buy oil, buy iron ore on the cheap, and our China is a country in great quantities, today to buy things on the cheap imports, and tomorrow the price of exports can not fall down? China now imports as much, and almost all of China's major consumer goods, the world's largest market. RMB exchange rate has an impact on imports and exports, should be comprehensively considered.
Die Zeit: After 1971, the Japanese because of the sharp appreciation of the yen, the Japanese economic recession caused. Foreign exchange reform to avoid repeating the mistakes of Japan do?

Fan Jianping: foreign exchange reform is not a scourge. Japan is different is that foreign exchange reform at the beginning we have developed the controllability of the RMB and the principles of independence, these two principles would control a very long time, while Japan's different is that they are not autonomous, but is passive. Controllability is that we do not free-floating exchange rate.
Die Zeit: In recent months, China's large holdings of U.S. Treasury bonds, this how to treat?

Fan Jianping: China's large holdings of U.S. Treasury bonds are a form of strategy. Through the reduction, China is no longer the largest U.S. creditor. However, China's foreign exchange reserves is not a bad thing high, in fact, it has to address the financial risks. The Asian financial [3.04
0.33%] during the crisis, Thailand and other countries because foreign exchange reserves less, but suffered a financial crisis.

Finally, I want to say is that, in 2010 and 2011 is very important to enter the financial crisis began in 2009, 2010 and 2011, is a difficult period, if we adjust the policy, then we in 2011 after demographic dividend will enter the era of the history of the last round of high growth period, after which a rapid growth period, it is impossible if we want to get rich, so rich to be as early as possible, we are the first 20 years of this century, to seize the strategic opportunity to achieve the objective of wealthy and strong country.

Following the January 25 after the acquisition of four IT companies, Xinhua Industrial Group Co., Ltd. are shot again. Yesterday, Xinhua said in Shanghai, Shanghai shares Pentium Electric Co., Ltd. (hereinafter referred to as Pentium electrician), the Xinhua all existing retail, mining, real estate, tourism, IT, beer, medicine and other areas, once again join the appliance manufacturing industry, expansion of its diverse territory.

The shares Pentium electrician, have invested 32 million U.S. dollars, Xinhua, accounting for 19.9% of the shares Pentium electrician, as its second largest shareholder, Tang Jun, president of Xinhua all Pentium as the Board of Directors.

Public information, Pentium Pentium enterprise of Shanghai Electric Group Co., Ltd's core business, its products include electric shavers, household ironing, personal hygiene and other personal care appliances, and other lifestyle Pentium Group Pentium electrical appliances do not fall.

Tang Jun said that the shares of Xinhua all Pentium electrician is extended to private enterprises for investment and the beginning of a future choice of Xinhua are more private enterprises to invest and expand its plate, but before the Tang Jun-led shares of Tsingtao beer, Yunnanbaiyao are state-owned enterprises.

Tang Jun said that his investment criteria are very clear, first of all he will select the people's livelihood-related industries, followed by the investment company must be in the top three companies in the industry, are certainly not holding the last Xinhua, only do two or three shareholders shareholders.

Tang Jun said in the past 6 months, Xinhua Yunnanbaiyao in Tsingtao Brewery and return the two companies have shares of 70% to 90%.

Pentium Liu Jianguo, chairman, said he does not exclude the re-introduction of investment partners, he said that if the electrical and Xinhua all Pentium agreed, will likely continue to introduce strategic investors.

Liu Jianguo said the electrician had Pentium listing, which will promote the introduction of speed to market, Xinhua all. Tang Jun said that he plans to table a Pentium electrician is 3 years later.

Shanghai Expo, many visitors to get a look Hainan pear style furniture, it is packed with Hainan Museum. In Hainan Museum's "vitality of the forest" area, stocked with many of Hainan by the precious works made of pear, including the one made use of the Millennium Hainan pear art should "Kowloon playing with a pearl", and pear Ming armchair so.
From 2 yuan / kg of the way bolted over 10,000

Pear early in the Ming Dynasty had expensive furniture, when the value of a pear-bed 12 taels of silver, while a value of less than 1 maidservants taels of silver. From the Ming Dynasty, the furniture of this material on the highly sought after royal family, most authentic pear produced in Hainan Province, both can do is blindly furniture, herbs, perfume of wood with a pure heart and blood pressure effects, Li Shi Zhen The "Compendium of Materia Medica" in the flavor of this is called "drop Xiang", "Hainan pear" is a civil termed formal title should be "down odorifera."

Panjiayuan in Beijing, a sale at a stall in pear told reporters in Hainan, when I heard the acquisition Pear, 1985 Pear price of only 2 yuan / kg to 1992 years ago before rose to 12 yuan / kg around the year 2000 the prices of upper old material is only 60 yuan / kg, a large number of acquisitions in 2002, the price is only 20,000 yuan / ton.
Now, Hainan wild pear wood prices have climbed to eight million -1000 yuan / ton high, but at present Hainan pear wood resources are extremely scarce, timber trade are basically crossing a wood, a few pieces of wood, the market 10-20 cm in diameter sea Huanglao material, price 4000-7000 yuan / kg, 20-30 cm diameter, the price of 7000-10000 yuan / kg, a greater number of superior quality wood prices in the 10,000 yuan / kg .

"It has been difficult to find of enclosed aniseed pear, and the price prohibitively expensive, can only do some of the sea yellow bracelets, necklaces such a small business." Stall holders told reporters. Panjiayuan reporter saw a bunch of Hainan pear necklace price yuan each, as is not really Hainan pear, difficult to distinguish the ordinary.

Raw material prices naturally lead to the furniture and wood products prices soaring, the case of pears, such as Hainan, Taiwan, the market price in 2002 was only 30,000 yuan, and now the prices have risen to around 700,000 yuan; a yellow Hainan pear in court chair, 2005, the price is 12 million, now has risen to more than 600,000.
Pear artificially raise the price of speculation

Speaking of speculation pear, can not help but think of Beijing in mahogany furniture, antique furniture Co. Henry Yuan, Yang Bo, general manager of the company in 2007, when the plan was a very attention-grabbing events: Gold for wood, Exchange ratio is 1 kg yellow rosewood for 40 grams of gold. Yang Bo in Beijing, "Redwood Daguanlou" put millions of dollars worth of gold bars, to the people collecting the capital of Hainan pear wood, called either a rolling pin or the lame stools, yellow do as long as the sea, can turn into treasure.

Finally, this activity did not change out of a gold bar, but significantly pushed up the price of yellow sea. Industry insiders, in fact, the "golden-for-wood" is just a gimmick, because people Naqu sea change in the wood is not yellow, Yang Bo are the final say, he intended pushed up the price of yellow sea, Yellow sea to the market delivery, "bid was gold "message.
Increasingly popular collection of hot mahogany, has made many people believe that the "gold mahogany priceless" argument.

Hainan pear astronomical reason why you can possibly believe, the most important factors in their scarcity. Hainan pear because of its high density, diameter 30 cm longer than the trunk take almost a thousand years time, the growth of Bi Hainan pear pear Vietnam faster, but also become useful for more than 500 years.
Vietnam pear prices gone up

A few years ago, Vietnam pear in the eyes of many collectors, just Hainan pear "low prices" alternatives, but now with the soaring price of pears in Hainan, Vietnam, prices also will pear growing.

Now, Vietnam has also become increasingly scarce raw materials pears, lack of resources, Vietnam Vietnam pear wood in addition to relying on imports other than as part of the other by a number of companies and stocks down early collectors made of wood for furniture. The industry people estimate that in 2008 China's imports from Vietnam was only 200 tons of pear wood.
At present, the small diameter of the circle of Vietnamese materials pear ton
600 000 -90 million, lose some of the Sheet Metal and Lumber for the 800 000 -120 yuan per ton, per ton of the finest large sheet metal and up to 1.5 million -220 million. Particularly good aniseed are now only sold in blocks, such as 50 cm in diameter of enclosed aniseed, more than 50,000 yuan per ton in 2003, 2008, rose to the peak of 2.5 million -300 million yuan per ton, was due to financial crisis had collapsed in the impact of the current is returned to a high of 2.6 million yuan.

Vietnam pear three-piece Armchairs (two chairs a few), 2002, 2003, bid only 20,000 -2.5 million in 2007, has been asking for 100,000 yuan. After the financial crisis, the market re-warming, has now returned to each 100 000 -12 million high price.

Trend 1: mobile Internet users increase the size stage

IResearch Consulting of view, WAP mobile Internet users is the composition of the main user groups. Operators reduced tariff WAP mobile Internet users increase the frequency and time, enhance the user experience on the Internet will. At the same time, more support terminal manufacturers release of new mobile phone WAP2.0, WAP site to optimize the user interface and provide a rich application services, promote the use of mobile browsers are largely enhanced mobile Internet user experience. Moreover, with mobile operators to increase access and scope of the concept of propaganda, to provide more preferential tariff packages, mobile Internet more user attention and response. Due to mobile phone hardware and connection speed limit, for most users, access to WAP sites for mobile Internet experience as its initial choice.

IResearch Consulting study found that, from voice to data services in transition to enable operators to focus on the development of mobile Internet. WAP and other mobile operators to launch value-added services for mobile Internet users increase awareness of mobile phone users surfing habits and culture play an important role. In the narrow-band mobile Internet time, the user primarily through GPRS / EDGE 2.5G mobile communication technology to access other WAP sites for information services. In addition to pay-mode users outside Monternet,
Free WAP Web site to provide users with the rapid development of a more diversified choice for the user scale growth.

3G commercial open mobile Internet narrowband to broadband by the evolution of the development process. 3G market is currently training period, 3G network coverage and end-user price is based on the scale of growth. 3G network coverage is low, the terminal expensive and tariff standards for higher scale factors constrained the development of the user. Limited user can not form the scale of business to promote the rapid development of 3G user base. Nevertheless, operators take proactive marketing strategy for the future broadband mobile Internet fully prepared for the competition: on the one hand and adjust the charges by the scale of promotion, market competition for 3G users, on the other hand to guide the user a smooth transition from the 2G to 3G.
As mobile bandwidth restrictions, high tariff to reduce the user experience of 3G networks will. With 3G
LTE's evolution and development, the base station increases bandwidth capacity and carrying capacity increase will lead to a substantial decline in tariff, which reduces the sensitivity of user charges. Course, whether or not restrictions on traffic and affordable monthly rates depends entirely on the operator's marketing strategy. Mobile Internet environment continued to improve and further promote the rapid development of mobile Internet business. Rich, high-quality applications in turn promote the growth of user scale, creating a virtuous cycle of industrial development. Based on 3G
LTE will promote the realization of mobile Internet users increase the size of a breakthrough.

Future 4G mobile broadband will achieve the change the order of magnitude, leading the broadband mobile Internet industry development. Intensification of the network integration, diversification of access methods, terminal integration and business integration will provide users with seamless information services. User-centered model of innovation and a rich application services, will play for mobile Internet users increase the size important role.
Trends: User-centered development of mobile Internet

IResearch Consulting study found that changes in the telecommunications industry through the Internet, IP-based communications technology evolution impact and result of the interaction. The establishment of managed IP network and form the core of the industry value chain control is the operator the direction of long practice. The face of market competition, operators implemented by the voice data services to the strategic restructuring will become the operator of mobile Internet the focus of competition. Mobile Internet is going through a closed to an open process that will develop into the future mobile Internet can provide voice, data and multimedia services, open network. In this process of change, the operator Shang recognize not only provide access to services, more importantly, requires services to meet the demands of users with and continued to create value for the user. This kind of user needs and experience as the core driving force, changing the light service operator re-operation of the old model, remodeling of the operator's business philosophy and values.

The face of the enormous potential value of mobile Internet space, terminal manufacturers and information service providers began actively layout of the mobile Internet. Accurate grasp of user needs and user-centric service innovation, is to promote the terminal vendors and information service providers a key factor in rapid growth. And terminal manufacturers and service providers, operators have to provide users with the advantages of integrated services, including customized terminals, voice and data services, billing and other integrated services to meet customers diverse, individual needs. Open concept development and effective integration of integrated services, determine the application of operators in the mobile Internet services in expression.

Trend 3: Mobile Internet to form three competing patterns

With the evolution of mobile communication technology, mobile Internet value chain continue to evolve. In the past, carriers occupy the entire mobile industry value chain. Into the 2G era, bandwidth and terminal based on mobile enhancements, mobile value-added services bring the mobile Internet. 3G provides users with the arrival of richer mobile Internet services, mobile Internet industry chain is moving in market segments, differentiated competition and personalized service direction. Content service provider, software service providers, chip vendors and more new entrants, split the original operators in the value chain system monopoly.

The face of mobile communications and Internet integration of the enormous value of space, Nokia, Apple, Microsoft, Google, Tencent, etc., and information service providers, terminal manufacturers, the strategic plan into the mobile Internet and market position has already begun. These non-traditional competitors in the telecom industry's traditional core of the carrier status of the formation of a strong challenge.

IResearch Consulting analysis, in the past benefited from the rapid development of the telecommunications industry operators throughout the industry value chain, the absolute control. The integration of mobile communications and Internet trends, forcing operators to the value chain, in response to intense competition ready. After rapid growth in their respective fields, new competitors has become the most dynamic and competitive leader. Strong brand influence, large-scale users, efficient product development capabilities, attention to user experience and enhanced understanding of customer needs a new competitor competition.

Operators, terminal manufacturers and information service providers formed the three major forces Game Three competing patterns of mobile Internet. One should include the network operators, terminal and service all areas, including competition, on the other hand in the application services, expanding channels for a wide range of industries in such areas as cooperation.

End-market competition is the competition for future business in fact high ground. More and more terminal manufacturers competitors, Google, Apple and other information service providers and consumer electronics manufacturers have been aggressively entering the terminal market. Mobile phone chip and handset operating systems are the core areas of market competition.

With VoIP, search, e-mail, Web2.0 applications such as the successful practice of rich, flexible business model and the scale of this huge pool of users and other competitive advantages, Internet companies have entered the mobile Internet field, on the one hand an extension of brand influence, and the other the one hand, cross-platform expansion.
Trend 4: revenue sharing to become the mainstream mode of cooperation Mobile Internet

Monternet China Mobile to implement revenue sharing best practice policy. Revenue sharing for connecting the operators, service providers and content providers the value of three common bond. Revenue sharing are mainly embodied in the operational build flat open platform service access platform, products and services produced by the specialized agencies to complete, thus ensuring high quality and low cost products and services. Through revenue sharing incentives, business practitioners to provide quality services to fully mobilize the enthusiasm, enhanced service providers, platform operators involved in the initiative.

In addition to other operators, information service providers are actively exploring revenue-sharing cooperation. Operators and information service providers from the main revenue: user fees and corporate pay. After many years of business operations and customer accumulation, Google, Baidu and other information service providers have a wealth of resources for advertisers and advertising service experience. Based on consumer demand and accurate grasp advertising marketing, information service providers, operators and terminal manufacturers and users of resources and advertisers to effectively integrate resources, revenue sharing and cooperation to achieve win-win.

Documentary:
Rise by Product and Broadcast opportunities

Real media culture born out of the original Shanghai Media Group's documentary channel. Since the Product and Broadcast has been set up alone would make some real Media Limited. As the first and only documentary profit professional channels, the former Documentary Channel in 2008 was 130 million profit.

Although the partners do not want to disclose specific information to be blind, but the real general manager told the media: There is indeed a lot of inside and outside the investment banks and media companies are interested, and in the negotiation and cooperation; "Danzhe round of capital to more from the perspective of sound management, "to be blind," said the company's long-term goal is to stock, and finally the public. "

As a documentary film industry veteran worked hard for 20 years, should be blind that has a unique documentary value of investments. One is: the copyright of the value of the documentary can often last a long time, generally recognized as 5-10 years, some excellent works can last 20 years, or even appreciation; for investors, as long as the subject to judge accurately, a more risky investment small. Second, the documentary regional broader market space is relatively large; Third, China's most underdeveloped documentary is the time of investment.

"Despite the documentary's business model is not mature, but the Product and Broadcast is an opportunity." Frankly should be blind. Homegrown models do not, it is difficult to recover costs, not enough to achieve its investment value. With Product and Broadcast, real media to their own programs to build China's largest documentary class content providers and operators.

Concerned about the cultural industries, a long-term venture, told reporters that that is because it is true the media, is still relying on the Documentary Channel's broadcast platform, and market mechanisms to achieve the Product and Broadcast reform initiative, have strength profitable breakthroughs. However, the current view of the documentary market, industry concentration is not high, more independent producers during project operations, investors need care.

Electric paper books:
Private investment in warm-optimistic

In addition to traditional documentaries attention, to extend the value of traditional culture, the contents of the new media industry, carriers have increasingly recognized by the market and investors. Liu Yingjian Hanwang chairman, said in an interview, its monthly electronic paper book has sold over 10 million, second only to the Amazon to become the second largest vendor. Similarly, the international president of Stern Gang Su also said that the constitution is extremely bullish on electric paper books, that it would become the film, television, computer, cell phone screen after the fifth, the total influence the audience's reading habits.

Su Gang, said the constitution, in today's market competition situation fully under very, very electronic paper book value of investments; and therefore combined with other private equity funds want to invest. Su Gang, said the constitution, electricity and paper books are not beyond the technical threshold of a leap forward in the future, who have better content integration capabilities, will be able to occupy the market.

For this, the start has been made in technological superiority of the Kingship is actively preparing for. December 25, Ying Liu Jian and the Shanghai Century Publishing Group, Shanghai Literature and Art Publishing House and a number of publishers gathered in Zhangjiang copyright cooperation. Prior to this, Kingship has expressed China Publishing Group and other "28 into" the cooperation intention, and with the Chinese line, grand literature, Peking University library partnerships; In addition, the Kingship was also applied to the Press and Publication Administration Internet publishing qualification, is currently being processed. All of these purpose is to cultivate audience with rich content consumption habits, market-share advance to Hanwang absolute advantage.

But there are also investors concern that the strong tradition of publishing group shot digital publishing and terminal development, do not share the contents of the electronic paper book will be integrated in or out of business; In addition, the income of the terminal platform, will face the copyright owner and operators The split pressure.
Su Gang, said the Constitution: the future of 3G will also operate in the power of paper books, to create added value will be higher. Before the industrial pattern forming, private investment has been preheated.

"Finance" special on Wen Lan
Alibaba CEO Jack Ma said, "I learn to die," did not think he's loyal "fans" Shen Jinhua not only did not die, but live more moisture.
December 9, the focus of science and technology (00 231.
SZ) landing in Shenzhen SME Board, become the Alibaba, HC International, Global Sources, NetSun after the fifth visit of the local capital market B2B companies, the date of the opening price as high as 78.55 yuan. Jinhua Shen, head of Focus Technology worth more than 2.9 billion yuan in one fell swoop, this figure even more than Jack Ma (Alibaba listing, Ma only holds 189 million shares to the offer price ceiling prices of about 2.27 billion).
Shen Jinhua harvest not only generous, successful listing of the focus of technology, but also to the domestic industry's first to guide the Fund to bear the fruit.

August 2007, options to change the focus of technology companies, the Shengquan Ji Jin Jiang Su Xinquan venture capital funding on behalf of 4 million yuan, holding 0.8%, while the Shengquan Ji Jin from Suzhou Industrial Park, Jiang Su Xinquan leading venture capital funds and joint ventures set up, the total size of 2.2 billion, of which as a government to guide the Fund's Suzhou Industrial Park, fund of funds holding 23%.

In its first fruit will be born on the eve of the October 30, the National Development and Reform Commission (NDRC), Ministry of Finance in Beijing, Shanghai, Chongqing, Hunan, Anhui, Jilin, Shenzhen and other cities just seven joint set up 20 sub-funds with a total size of more than 9 billion yuan. Widely distributed in the investment industry, medicine, new materials, new energy, integrated circuits, electronic technology, environmental protection, bio-engineering and many other new industries.

"This is the first market to guide the operation of government funds, fund pilot projects to be revealed mature operation mechanism, a large number of fund will be established throughout the follow-up, the next two to three years the total number may reach 200 Fund, fund-raising to more than 100 billion element. "Zhang Xiaoqiang, deputy director of National Development and Reform Commission said.

Government Property guide the Fund launched a large-scale centralized, so that VC are just around the corner. "The government's money who does not get hold of white." Who requested anonymity VC (venture capitalists) partner, told reporters gave away the secret.
Multi-Game

"The government's money not only easy to get, not easy to get. As long as the GP (manager) professional, fund strength, a certain record of performance, getting the money is easy, but most of the GP can not take government money, worried about the local can not find enough, enough good projects. "
Venture investors DFJ Dragon Fund partner Miss King Kai told reporters.

Policies and regulations based on the current reality, the Government Property Fund guide to comply with the principle of diversification, in a sub-fund can invest up to 30% of its total amount. For example, if a local government fund of funds industry and jointly set up a sub-VC fund size of 1.2 billion, of which, the Government Property guide the fund can invest only up to 36 million yuan, less than the rest of Bufen must You VC self. After the sub-fund money into GP then the specific enterprise.
, The Government Fund and the VC industry together to guide the composition of LP (the investor) team, and through the GP market professional teams, the money put into concrete enterprises.

In fact, as a member of the LP industry guide of government funds, and the simple folk LP in nature, namely, that of the GP "control" are very strict, but precisely because of strict control, resulting in the Fund and the Government Property guide VC civil background differences are already beginning in the cooperation started.

Government to guide the Fund's theme of "guidance" to support local economic development as the goal, and VC are always the subject of "profit" to "return" as the ultimate goal, where there are good projects, they go bad.

In the investment stage, the Government hopes to guide the Fund to invest more in early stage companies, aims to support; the VC is more hope in the latter part of the mature investment company, aims to facilitate short-term cash.

In the investment sector, industry, local governments have different policies, such as Xi'an support aerospace-related industries, requires a large proportion of investment fund related projects; while VC requires closely follow the world trend, the most profitable investment in the industry.

Also in the interests of the two demands are essentially different. Government guidance funds not for profit, in order to secure the main principal. To this end, to guide the Fund in terms of fund investments, tend to management fees, performance incentives on the principal amount of back pay after. The GP's management fee for its survival unwilling to compromise, often leading to the two sides finally broke up.

In reality, the Chinese fund management structure and features of the game are often the result of the decision: LP strong intervention, GP accommodate compromise. Although the LP is not involved in the project in principle, specific management, but most folk LP is the business owner himself, has many years of business experience, they tend to be more trust themselves. Therefore, investments, LP hope more involved in GP is responsible for the investment management projects, and even required to have veto power.

With the Government Property guide fund start another boom, the future co-operation with the VC will be more and more closely, together with the Fund have been expanding, GP will not only face the problem of difficulties in financing, will face a "get rich quick," the pressure, so that the Government Property to guide the Fund's long-term investment philosophy will also face challenges. Therefore, the Government guide the fund industry and VC, GP and civil LP, infighting and game will be carried out from a clear delineation of "Chu milky world" is still long way to go.
Administrative detention is still concentrated
As of now, around the size of government to guide the Fund's total nearly 20 billion yuan, in theory, the funds can be leveraging more than 60 billion, could support about 30 medium-yuan fund.

The Oct. 30 debut in Beijing Diaoyutai State Guesthouse of 20 sub-group funds claim to be a country first "market" of the operation of government guidance funds: on the one hand, the Government will no longer, as the Fund's decision-making and operation of the main square, but only as an equity investor (LP) of all funds entrusted to professional investment team (GP) management.

"This is the first time in China. Means that the government guidance funds Youxiang market a step forward that will help guide the policies of government funds and-leveraging, help foster new economic growth point, the development of new strategic industries. "National Development and Reform Commission Zhang Xiaoqiang, deputy director has publicly commented.

In the local industry fund of funds, most funds invest still have a strong administrative color, especially in regions rich colors, they obviously do not want their money is take the matter to other people to lay eggs.

However, the local industry to guide the Fund's administrative constraints, but also restricted its growth and development of sub-funds. Because oral VC and LP fear government restrictions on industry to guide the Fund's administrative and industrial restrictions in particular regions, will artificially increase their investment risk, and therefore not to invest.

Prior to 2007, Suzhou Industrial Park Venture Fund of Funds has with Softbank China and Jiang Su Xinquan VC venture capital and other co-established the five yuan sub-funds, the scale of about 500 million yuan respectively. Among them, the Suzhou Industrial Park to guide the Fund had invested 100 million yuan, the rest of the VC self. Taken in the operation, "a fund + a fund management company," the structure and break Suzhou local area investment restrictions, the government created a domestic market fund industry to guide the operation of precedent.

After that, with the development of market operation, binding upon the government's detention of industry leading fund already has signs of loosening. It is reported that in March this year, the Anhui provincial government, industry and guide the establishment of the Fund, has allowed its investment sub-fund will invest 50% of the capital of Anhui Province outside.

Now, with the focus on the success of technology industries listed and seven provincial and municipal governments to guide the Fund's focus on launching and get rid of the government and industry to guide the operation of administrative detention fund investment the best opportunity in the offing.

December 25, Beijing blue cursor Brand Management Corp. (the blue cursor) released the "IPO and listing on the GEM prospectus (draft report)" (the "draft declaration").
"Draft declaration" shows that a company named Tianjin with the creation of investment Centre (Tianjin Genesis) of the partnership that involved one body.

According to "draft declaration", in June 2008, the blue cursor replenishment of 43.5 million yuan to 9.6667 yuan / share, including Tianjin, to the Genesis account of four venture capitalists additional 450 million shares.

January 2009, Tianjin Genesis can not be due to partnership registration in the securities clearing house, then has 75 million shares held by the blue cursor to the other six original transfer to limited partners: Maximization clear, Wuchuan Qing, Guo Huilin, Hu Xing, Chen Fang Asia, Chou Hongchang.

"Securities Act" Section 166 provides: "Investors apply for opening an account, you must hold citizenship or prove that the Chinese legal person status in China's legal documents. State except as otherwise provided."
Meanwhile, the "Securities Depository and Clearing Regulations" Article 19 provides that: "Investors should be opening a securities account to the securities registration and settlement institution to apply."
In fact, the nature of venture capital companies Company mine has a precedent in the GEM.

ChinaNetCenter (300017.SZ) listed on the eve of up to morning venture capital limited partnership owned up to the morning of wealth, will be held ChinaNetCenter 4.209% 285 million dollars over the morning transfer to the Brothers, financial intelligence.
This time, venture capital and owned up to the morning up the morning the letter also invested in financial blue cursor, together hold 5.75% stake, however, the two companies are the corporate shareholders.
Although Genesis and Tianjin over the nature of the morning had to venture capital for companies transfer their ownership, however, A-share market have also been many "exceptions."

Western Mining (601168.SH) prior to listing, there is more than funds, including more than a limited partnership investment; limited partnership Shanghai NewMargin Venture Capital Enterprises has held Goldwind (002202.SZ) 175 million; Invengo 192.4 million shares held, but did not affect the company's sale.
"This should have special trading arrangements to circumvent the law." Vote in the Group Research Manager, Wang Xiaopeng think.

However, on November 20 this year, the Commission has made changes "means the securities registration and settlement management" decisions, and on December 21 shall come into force. Among them, Article 19 is added as the second paragraph: "The term investors, including Chinese citizens, Chinese legal person, partnership and Chinese laws, administrative regulations, rules and regulations of China Securities Regulatory Commission and other investors."
This means that partnership in the securities registration and settlement centers of the account as possible, but not against the law.

"Venture capital company in the form of generally three types: corporate, partnership and trust system in the United States, about 80% of the venture capital firm for the partnership, and China there are 89 percent of corporate venture capital companies, mainly the law may be inadequate, unable to smooth out, the law was amended, then open up the partnership business within the exit channel, a big positive. "Wang Xiaopeng think.

China's production of solar cells and modules and applications began in the early 70 century, but behind its production, manufacturing costs are high, coupled with higher conversion efficiency reasons, in addition to apply some special environment it was hard to promote to the civilian area. Since entering the 21st century, a number of studies students returned, bringing back foreign advanced technology and management, have created a more professional in the country, but also relatively large scale of the company, making China the production of solar cells and modules, whether the quality of on the number or both to a new level. Which was founded in 2001, after years and Suzhou Artus Suntech is very typical. Particularly successful in 2005, Suntech listed on NYSE in the U.S., and more than 400,000,000 U.S. dollars a financing can be said that solar photovoltaic industry in China is a breaking news. Then have another dozen solar companies listed overseas, the financial return billions of dollars of funds is huge, which greatly expand the strength of China's PV industry.

I think the beginning of this century, China's solar cells and modules to the sustainable development of high-speed four main reasons: First, the global fossil energy prices and the continuing rapid deterioration of the Earth's environment to accelerate, driven by governments and peoples of renewable energy eagerly look forward to; two solar photovoltaic technology itself is the tremendous progress made in the laboratory to achieve the original conversion efficiency, is now in mass production can be achieved; Third, financial and stock investors have on the solar PV industry enough confidence to make photovoltaic industry have sufficient financial support; Fourth, the reform and opening up, China has become the world's investment in processing industry park, leading many returnees to return to the smooth development of entrepreneurship.

In recent years, China's solar photovoltaic industry to make the world wonder of the double speed rapid development, in 2006, China's solar cell output was only 380 MW in 2007 to more than 1,000 megawatts, accounting for the global 1 / 4 also , and this is almost the global output in 2004 rather, and will thus become the world's largest solar cell producer. This makes the solar energy industry in China is not only a world first solar thermal products, and optoelectronic products also ranks first in the world. We should be proud of and proud. I said, the solar energy industry is a glorious and light industries, it glorious, because it not only provide energy for mankind, but also provide much environmental value of clean energy; it light, this business is the development of some extremely good future, perhaps in another 23 years, it is the main human sources of energy.

At present, even though we face the global financial turmoil sweeping the serious impact which some solar manufacturers have to take shrinkage and cut approach to overcome the temporary difficulties, I have always believed that solar PV industry will certainly be the fastest the industry through this crisis. It was predicted that the second quarter of 2009 will see the industry's full recovery. Because so far, national economic recovery plan announced by the Government regard the saving and environmental protection on a very important position, the solar energy industry in the spring will soon come, I believe that.

The development of China's solar PV industry is at a critical time, we still have a lot to do.

First of all, we are faced with the problem the grave shortage of high-end, almost all of the PV companies lack a strong R & D team, in the PV industry chain and all links in a large number of technical difficulties, need to tackle key problems, such as how to make silicon do more thin, more economical high-purity silicon material; how to make the battery more than 20% conversion efficiency; how to further improve the service life of components and so on. These things only by a company is difficult to do because it takes a lot of money and a lot of manpower, more important is the need for a leader in high-end talent. So I suggest that the domestic relevant departments come forward to organize robust domestic solar PV Technology Research Institute jointly established companies, which can not only carry out solar energy development and utilization of high-tech research, but also training a number of high-tech talent, that on the sustainable development of China's solar energy industry will be crucial.

Second, in all aspects of PV industry chain, such as high-purity polysilicon, wafers, cells, components of the key production equipment also need to import, the localization of these devices is not high level, also need to put in the necessary financial and human must be developed.

Finally, China's PV market with our photovoltaic manufacturing world is very disproportionate compared to 2007, China produced more than 1,000 megawatts of photovoltaic products, 99% are sold abroad, our own use less than 1%. Therefore, our application of PV products in the promotion of the Government and the public need to redouble our efforts.

In recent years, we are pleased to see that many of our leading solar photovoltaic companies have put forward a clear goal: Suntech made, three to five years, so that the cost of solar power to 1 yuan / kwh; Suzhou Art Williams said that in the next three decades, so that solar energy into millions of households; LDK asked to be world's largest solar wafers, to best quality, lowest cost. If these objectives can be achieved, we will truly become the world on a world full of sunshine.