GTEC Has Found a Sweet Spot – Investing in China — And Showing a Profit!!!
How could they NOT?
Genesis will show a profit for its fiscal year ended September 30, 2007.
Currently, Genesis owns 8.5 million shares in Gold Horse International and 6.7 million shares in Lotus Pharmaceuticals, Inc.
Gold Horse was the second partner company in the trailing nine months to complete the private-to-public program. “Gold Horse’s success should place Genesis in a profitable position for the fiscal year,” predicted management. Genesis maintains an active role in Gold Horse’s management and business activities, including the assignment of Western directors to assist the company in executing its expanded business model.
Gold Horse is located in one of the fastest growing regions in all of China — Western China. We constantly hear about Shankhai and Beijing and these cities have led the growth in China BUT Gold Horse is where the newest construction action is actually taking place in China.
First there was the “Develop the West” policy in the late 1990s, an effort by China to boost growth in its lagging western provinces. Now, foreigners are beginning to invest in western China AND the rural population of China is being encouraged by the government to ‘go urban.’
What we are witnessing is the largest migration of rural residents to urban living the world has ever seen — and Gold Horse is ready to build their homes, their restaurants, their hotels, and their businesses when they arrive.
Western China is experiencing a huge wave of rural workers streaming into its cities in search of work and opportunity. A U.N. report notes more than half of China’s population — now 1.3 billion people — will be living in urban areas within 10 years.
Government officials say an estimated 150 million people moved to China’s cities between 1999 and 2005, providing labor to fuel the country’s breakneck economic growth and this migration will become more intense in the next decade.
“From 1980 to 2030, the population of China will go from being 20 percent urban to almost two-thirds urban. We’re in the middle of that transformation. Within the next 10 years we’ll cross that halfway mark,” said William Ryan, the United Nations Population Fund’s information adviser for Asia and the Pacific region.
The agency’s State of World Population 2007 report says more than half the world’s population will live in cities and towns in 2008, with the number expected to grow to 60 percent, or 5 billion people, by 2030.
Asia is at the forefront of this demographic shift, expected to nearly double its urban population between 2000 and 2030, from 1.4 billion to 2.6 billion.
80 percent of migrant workers in China are under 35 and are employed in the service industry, construction and manufacturing. China’s urbanization is unique in that it stems largely from migration instead of natural population growth.
The Communist government that took control in 1949 imposed residency rules as part of strict controls on where people could live, work or even whom they could marry. It was not until recent years that rising wealth and greater personal freedoms eroded the system, allowing farmers to move to cities.
The UNFPA estimates that, in less than a decade, China will have 83 cities of more than 750,000 people.
Western China contains the second tiered cities of China. These are large cities that are less well-known than Shanghai and Beijing. These cities include places such as Chongqing, Nanjing, Hangzhou, Dalian and Wuhan. The cities are experiencing migration of rural workers to the cities in search of better paying jobs. The urban-rural income divide is clearly illustrated by the government’s figures for annual household income per head: 2005 average urban household income, at Rmb10,493 (US$1,345) per year, was more than three times the equivalent figure for rural households, which stood at Rmb3,255.
At one time workers tended to migrate more towards the coastal cities of Shaghai and Beijing because that’s where the greatest concentration of foreign employers could be found. This higher than average proportion of dynamic private-sector companies and foreign enterprises often paid higher salaries than their Chinese rivals. But the difference has narrowed, as China has developed a tier of domestic firms that are able to compete internationally and as international companies are moving to western China.
China has officially embarked on a program that will encourage more rural people to migrate to cities based on an annual report released by the United Nations Population Fund (UNFPA).
The National Development and Reform Commission has crafted a policy to attract more rural people to cities. The government is actively promoting the reform of the hukou, or permanent residence, system to close the gap between an agricultural and non-agricultural identity registration.
According to the State of World Population Report 2007, released yesterday by the UNFPA, China’s urban population is projected to increase from 560 million in 2005 to 910 million by 2030. Urban people’s share of the population is seen growing from 42 to 64 percent. In 1980, less than 20 percent of the population lived in cities.
Duan Chengrong, a professor at Renmin University of China, said the flood of migration from rural areas is a legacy of the government’s efforts to restrict people’s movements before 1980.
Gold Horse is in a unique position to take steps now to prepare for the needs of future city dwellers and ensure urbanization fulfills its promise of easing poverty and preserving the environment. All these migrants need homes and jobs and entertainment. These citizens are the future middle class and Gold Horse stands ready to build China’s cities of the future.
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
Disclosure: Pentony Enterprises LLC has been compensated $3,600 and 265,000 restricted shares directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.
Forward Looking Statement: Certain sections of this report may contains forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, aircraft production, deliveries and backlog stability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation:
General and international political and economic conditions; All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com.