/PRNewswire/ Game technology has become an important concept in the digital economy. From Microsoft s announcement of its intent to acquire video game giant.
The 11th National Conference on Fictitious Economy and Cheng Siwei Global Award Presentation Ceremony took place in Beijing on Saturday, with many well-known experts, scholars, entrepreneurs and students from the fields of fictitious economy, capital market and finance attending the meeting offline and online.
China’s Fictitious Economy and Real Economy Are Seriously Out of Balance
Commentary
China’s economy has gone beyond a reasonable balance between a real economy and a fictitious economy. As Sinopec Chairman Fu Chengyu once said, China’s finance is not going toward a fictitious economy but becoming one. Consequently, it has greatly hindered the sustainable long-term development of China’s economy.
Selling 2 Real Estates to Secure a Public Shell Company
To discuss how China’s economy has gone from real to fictitious, let us first look at an example. In 2016, Beijing-listed company ST Ningtong B, which manufactures communication equipment, suffered losses for two consecutive years and faced the risk of delisting. The company reversed its losses by selling two properties it had owned in the Beijing school district at massive profits. Suddenly, comments such as “go for real estate, forget about starting a business, forget about getting listed, forget about the industry”