Investing in China — Understanding Growth in China
Genesis Technology understands China’s growth. The signing of a contract with a major Chinese steel products company, as the fifth partner company in its private-to-public program is an important step.
The profit of China’s iron and steel industry grew 1.2% year over year in the first five months as indicated by the Chinese National Bureau of Statistics.
Statistics retained on 97 large and medium-sized metallurgical enterprises indicate their total industrial output value grew 34.65 percent in the first five months; products sales income grew 35.66 percent; tax and profit, 89.27 percent; and profit, 153.54 percent.
Experts predict that after the slack season for steel consumption (July and August), steel price will rise at the end of September, and listed steel companies may manage a profit growth of over 30 percent this year.
Understanding China’s Growth
It is hard to understand China’s growth. In 1985 the tallest building in Shanghai was 19 stories high and very few cars.
In the last 10 years Shanghai has built 2,000 high-rise buildings between 20 and 108 stories high. At night it looks like Las Vegas.
Twenty years ago the Pudong region was rice paddy fields. The development department has a scale model of Shanghai with every building there and they add a new one every time one is built. They are determined to get to a certain point in the next several years.
For the World Expo in 2011 they are building nine new villages or cities within Shanghai, seventeen new expressways, and six new subway lines. They have a 200-mile-an-hour levitating train that comes in from the airport, which they’re going to be expanding.
They determined that they wanted to build the east side of the river, the Pudong side … and they gave very advantageous tax benefits for companies locating in the Pudong area where they are building a 108 story building which will be the tallest building in the world. They have companies coming in from all over the world that are very anxious to locate there — to form joint ventures, to set up manufacturing facilities and financial facilities. The demand pushes development.
China holds $1.3 trillion U.S. Treasury bonds. Their goals are to get one billion, 300-500 million people educated, clothed, housed and fed. There is unlimited potential but it is crucial to have someone in China that understands where the value for medium sized businesses are.
Genesis Technology Group is searching out these companies and nurturing them to their full potential.
Genesis Technology Group, Inc. Boca Corporate Plaza
7900 Glades Road, Suite 420
Boca Raton, FL 33434
Phone: (561) 988-9880
Fax: (561) 988-9890
Email: General Information: info@genesis-china.net
Investor relations: clinton@genesis-china.net
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