200 yuan to start a business!Liu Zhongtian, the richest man in China, was sentenced to 465 years by

Mondo Social Updated on 2024-01-28

As everyone knows, Wang Jianlin is a well-known and wealthy man and a very good person, but there is one who is even better than Wang Jianlin. He used to be the richest man in China, who did he dare to go to war with the United States?

His name is Liu Zhongtian, born in 1964, born in a small mountain village in Liaoning Province, because of his family's poverty, he dropped out of school at the age of 13 to help his parents do farm work.

However, he is not content with staying in the countryside for the rest of his life, he has great ambitions and ambitions. At the age of 17, he borrowed 200 yuan from relatives and embarked on a journey to Zhejiang. In Zhejiang, he started from the most basic worker, and with his own efforts and ingenuity, he was gradually promoted and raised.

In the 80s, Liu Zhongtian started his business from scratch with 200 yuan. In 1984, Liu Zhongtian founded his own company and began the road of entrepreneurship.

The company is mainly engaged in the production and sales of aluminum products. With the rapid development of China's economy and the growing market demand for aluminum products, Liu Zhongtian's company has also made great progress.

He has eaten the dividends of the country's first-class dual-track system, and relied on buying a large number of raw materials at low prices and then saving them quicklyoneBarrels of gold. In China's real estate period, Liu Zhongtian seized the opportunity and increased investment in the building materials industry, and the company was 4500 million** acquisition.

Liu Zhongtian saw the potential of China's industrial aluminum and invested 2 billion yuan to build a factory, enjoyed the national industrial upgrading policy, and became an important infrastructure project after improving the process and products.

In 2009, Liu Zhongtian built the small company into one of Asia's largest aluminum companies and became the richest man in China at the time. As the general manager of Zhongwang Group, Liu Zhongtian's performance grew rapidly in 2001 during China's real estate boom, exceeding 100 million yuan.

Liu Zhongtian's keen business vision and ambition have enabled the company to continue to expand. Zhongwang Group has become the third largest supplier of aluminum products in China, and its brand influence has been enhanced.

In 2002, Liu Zhongtian's company was successfully listed in Hong Kong, and he was very excited. American companies wanted to acquire Zhongwang, but Liu Zhongtian was optimistic about the prospects of China's manufacturing industry and rejected them.

However, Liu Zhongtian is not satisfied with the status quo. He sees rising manufacturing costs in China, while manufacturing costs in the U.S. are relatively low. Liu Zhongtian visited the U.S. aluminum plant and saw the advanced technology.

After returning to China, he began to study China's industrial aluminum market, and found that the domestic market was still blank, so he decided to invest in the manufacture of industrial aluminum profiles.

Friends and shareholders opposed his idea, arguing that it was too risky. However, Liu Zhongtian insisted on his own views and invested more than 2 billion yuan in factory construction and technology introduction.

In order to achieve technological breakthroughs, Liu Zhongtian introduced 6 sets of advanced aluminum extrusion equipment from Germany and sent a technical team to investigate the industry. He worked diligently, exchanging ideas with domestic and foreign experts to learn Xi foreign technologies.

In 2004, when the equipment was not fully in place, Liu Zhongtian Company obtained an order and became the leading supplier of aluminum profiles for the railway system.

In the first half of 2008, the company's turnover reached 112600 million yuan, the world's third, Asia's largest aluminum profile producer.

In 2009, Zhongwang Group was listed in Hong Kong, and Liu Zhongtian became the richest man in China and was known as the "Asian Aluminum King".

After the company's listing, Liu Zhongtian expanded his business and entered the manufacturing and infrastructure sectors.

Since the end of 2008, Zhongwang Group's products have been exported to China's neighboring countries, relying on state subsidies to produce low-cost industrial aluminum profiles, which have been welcomed by customers around the world.

Liu Zhongtian invested in the research and development of new technologies, and Zhongwang became one of the few enterprises in China that has mastered its own core industrial aluminum technology. Over the years, Zhongwang has improved product quality with technological innovation and established a good international reputation.

In 2011, the United States imposed high taxes and countervailing duties on Zhongwang aluminum products, aiming to suppress the development of Chinese private enterprises.

Liu Zhongtian built a factory in Mexico and shipped Chinese-made aluminum to the United States for processing and duty-free shipping back to the United States, successfully circumventing tariffs and enabling Zhongwang to achieve a huge profit increase in 2012-2015.

The United States launched an investigation into Liu's practices and indicted him in 2019 on charges of tax evasion and money laundering, seeking a 465-year prison sentence. Liu Zhongtian defended many times, but could not escape the notoriety of the United States.

In 2021, a U.S. court ordered Liu to pay a $1.8 billion fine, Zhongwang Group was delisted from the Hong Kong Stock Exchange, and Liu's business empire collapsed.

This case is a major tariff criminal case in the history of U.S. justice, but in essence, it is the layout of U.S. political and business groups to suppress China's rising enterprises. Zhongwang Group could not resist the US offensive, but Liu Zhongtian was still fighting to maintain the dignity of Chinese enterprises.

How is Liu Zhongtian doing now after being sentenced?It is understood that Liu Zhongtian is currently serving a prison sentence, and because of his good behavior, he has been allowed to do some work within his capacity in prison.

At the same time, he is also actively involved in public welfare undertakings, contributing to the improvement of the local educational environment and the quality of life of the community.

Although Liu Zhongtian was once one of the richest people in China, his business path was not all smooth sailing. In the face of difficulties and challenges, he is able to respond positively and achieve certain achievements.

Although his life has changed since his sentencing, he still retains his love for life and confidence in the future. The Liu Zhongtian incident tells us that in the face of foreign suppression, the key is to be strong.

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