The same debt shows the story behind it. The contrast between Evergrande and Guizhou highlights the two different economic attitudes and hard work.
First, lets take a look at the huge debt faced by Evergrande. As a giant in Chinas real estate industry, long-term known for high leverage and high debt business model .The characteristics of the real estate industry determine that this is a densely funded industry. Land purchase, development, marketing, etc. all require a lot of financial support. In order to quickly expand the business landscape, Evergrande has continuously purchased land and financing leverage to allow enterprises to achieve rapid development. However, this high -risk and high leverage business model is also accompanied by huge debt pressure. financial report shows that as of the first half of 2023, Evergrande Groups liabilities were as high as 2.4 trillion , which is equivalent to a large -scale city.What is even more worrying is that a large part of this huge debt belongs to payable and contract debts, showing Evergrandes high arrears in land purchase and construction.In addition, the Xu Jiayin family has taken away the dividend amount from the listed company in the past ten years. Although it is in line with regulations, has caused public opinion in the case of huge debt in the company.
In contrast, Guizhous debt of 1.2 trillion And the method of solving debt problems shows different spiritual and attitudes. Guizhou is a province with relatively scarce resources. The economic development is relatively lagging, but Guizhou people have not discouraged.Instead, he actively explores a new path of economic development with the spirit of hard work and forge. The Guizhou Provincial Government uses infrastructure construction, such as to build a large number of bridges and roads, connecting traffic between urban and rural areas, and promoting the economic take -off. At the same time, Guizhou people actively promote industrial upgrading and transformation, diversify the economy, so that Guizhous economy is more dynamic and sustainable .With the spirit of hard work, Guizhou people turned their debt into the motivation for economic development, and strived to realize the foundation of their dreams and economy.
Guizhou Province has brought surprises to the world in the hard work in the past decade, bringing pride to the Chinese people .Facing the reality of lack of resources, Guizhou people pushed Guizhous economic development to a new height with their own efforts and wisdom. Whether in the construction of transportation infrastructure or in the upgrading of economic and industrial, Guizhou people have proved their courage and determination with practical actions.
Guizhou is a banner of Chinas development, and it is worthy of being proud of each of us Chinese.Their spiritual spirit and attitude are examples worth learning. Faced with debt problems, we need to face up and solve, and Guizhou people show a positive, optimistic and brave attitude with their own hard work economic practice.
However, to achieve sustainable economic development, not only the hard work of individual places, but also require all parts of the country to require all parts of the country.Collaboration and joint efforts. Governments at all levels need to formulate scientific and reasonable development plans, guide enterprises to rational financing, optimize the industrial structure, and avoid excessive relying on the risks brought by high leverage financing. At the same time, the whole society should also strengthen risk awareness and reasonable debt management to promote the sustainable development of Chinas economy.
The hard work economy in Guizhou has made us see the power of the courage to move forward, let us strengthen our confidence, work together, and contribute our own strength to the prosperity and development of the Chinese economy. Only in this way can we create a better future and let the whole society share the results of development. Let us proud of have such a hard and hard -working land , pride for the wisdom and courage of the Chinese people, and proud of the development potential of the Chinese economy!
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