Speech By Mr. Guo Fansheng, CEO

Distinguished guests, ladies and gentlemen, I would like to express my heartfelt thanks and warm welcome to all of you.

Yesterday, I was in Shenzhen yesterday. In, we released and promoted a new product of Huicong net in Shenzhen, which is an English B2B e-commerce platform.

Our domain name is Make In China.

We signed up for more than 2 million of a meeting yesterday.

In 1978, I went to college. In the past 78 years, the foreign exchange reserve of the whole People's Republic of China was US $150 million.

Today, our foreign exchange reserves have exceeded 16000 billion US dollars and become the first in the world.

Behind this, it shows that China's economy is growing healthily and rapidly.

Behind this, it is also a sign that millions of people and families are enjoying the wealth and happiness brought about by reform and opening up.

But at the meeting yesterday, at last, when we were discussing, there were some hardware, building materials, electronics, automotive supplies and security questions.

At present, more than 45% of our national income GDP is total import and export volume. If our import and export speed slows down, China's economic growth will have serious problems. But now we can see that the price rise of large scale raw materials in the international scope has reached nearly $100, and the iron ore that we stepped up last year is 72% higher than that of the previous year. All export enterprises say how we should maintain our competitiveness.

Second, the RMB appreciation is constantly increasing. Of course, the depreciation of the renminbi is not a good thing, but the appreciation will not bring pressure to all of you.

If we analyze the RMB and US dollar becoming one to six, can we still live?

I said, you can live and live better than you are now.

Don't be afraid.

First, China's industry will not go down at a low level. We will never give OEM to others forever. The emergence of our own brand will greatly increase our profits and profits.

Second, we must see the advantages of China's team. Why do we talk about the network business circle and do not talk about single network operators? It is because we must see that Chinese businessmen must form a team to be able to self discipline in the world's national forests.

One for the boss said, Guo Zong, we are now relying on our labor force low prices to export us. In a few years, our days are better, and our labor force prices have increased. So Vietnam, Burma, Kampuchea, Africa's developing countries, their human capital and land prices are much cheaper than ours. What will we do then?

This is indeed a huge problem.

China now relies mainly on labor prices and low prices of all production factors.

We rely on the absolute cost to support economic development.

But if this is the case, China's economic growth limit will soon emerge.

Later, I told you that since we have seen these problems, have we seen the advantages we will have?

Premier Wen once said that when a person is a decimal and one billion and three hundred million people become a cardinal number, they become the largest number.

China's one billion and three hundred million people in the same currency, the same law, the same tax rate is a unified market, as long as we develop stability and unity, as long as we use the Internet to open up the demand and supply of the entire one billion and three hundred million population, we are the largest consumer market in the world.

Any export Chinese enterprise, regardless of export appliances, air conditioners, microphones or export shoes, hats and socks, can tell the world that our Chinese market has grown larger than any other country in the world.

This is our first place where the cost is lower than others. It will be lower than others.

Second, the concept of relative cost is the most important.

In Vietnam, in Kampuchea, in any country in black Africa, can they procure 99.9% of the accessories for an air-conditioner?

That's impossible.

In China, one billion and three hundred million of the population B2B has formed such an industrial chain, which ensures that the vast majority of the supply of parts and services of every enterprise can be formed within the mainland.

First, unified currency, second no import tariffs, third, unified language and culture.

As long as we buy this kind of purchase, your labor price can be cheaper than mine, but when your purchase cost is higher than mine, I can still form a lower cost than yours.

Notice that the low cost at this time is not that the wages of our migrant workers' brothers are few, but that the efficiency of our whole people is constantly rising and rising.

Third, the production process of all finished products, for example, I produce screws, it is only for air conditioning and household appliances, I can also tell the world, in China's domestic procurement is 50% of the world's supply, so my amortization and scale is the most reasonable in the world.

What is the realization of all this?

In the past, we relied on the free market and the visible market. What we need in the future is an invisible market, which is a great e-commerce market with one billion and three hundred million population formed by the Internet.

So we say there should be an online business circle. We have 20 million enterprises in China and one billion and three hundred million people in consumption. As long as we use this network business circle to unite the huge market supply of the one billion and three hundred million population, we will build our new the Great Wall.

Last week, the meeting was very good. Let me conclude.

I said, when I was in college, I saw two words in a book. In 80s, when the Japanese were in the ascendant, they said that there must be a way to the front of the mountain. There are TOYOTA cars on the road.

What a great advertising word and language, is this kind of advertisement and language leading the rapid development of Japanese economy.

What are we going to say today?

I said to imitate him, I said two sentences, some people have shops, there are Chinese stores, and China made us lead to prosperity. Thank you!

Host: Thank You Guo.

This session is a gathering of experts and gathering of elites. It can be said that everyone here is the central force in the industry, and a new industry change will soon be heard.

Let us freeze this historic moment of pformation in front of everyone.