She is a woman like no other, standing out in a male-dominated business world, relying on her wisdom and vision to grow from a girl with nothing to a strong woman with an annual income of 7 billion.
Not only did she prove that women can make a name for themselves in business, but she also contributed to environmental protection.
However, as China's environmental standards improved, her business faced adjustments, and she herself chose to move abroad. This series of events has caused huge repercussions in society, and people have mixed opinions and debates about her.
At the end of the 50s of the 20th century, under the background of the establishment of New China, Zhang Yin was born in an ordinary family in Guangdong.
Her father named her "Yin", which means that she can be as tenacious and full of vitality as grass. At that time, the whole country had just gotten rid of the war, and Zhang Yin's family was barely able to maintain food and clothing.
When she was 15 years old, Zhang Yin's father unfortunately passed away, and she shouldered the burden of the family at a young age.
In order to take care of her younger siblings, she had to drop out of school to earn a living. At first, she searched everywhere for work, but she hit a wall at every turn – no skills, and no one wanted a 15-year-old girl.
In the rush, Zhang Yin gradually learned to deal with people and accumulated work experience. Finally, in a Taiwanese-funded company, Zhang Yin got an accounting job.
At that time, Zhang Yin was undoubtedly a big deal to be an accountant. She got a decent job and a relatively stable income**.
I thought that the days would pass like this, until one day, she ushered in a turning point in her life.
It was the early 80s of the 20th century, and Zhang Yin was sent to Hong Kong on business. When she walks the streets of Hong Kong, the first thing that catches her eye is the waste paper flying everywhere.
She noticed that the waste paper was often cleaned up quickly, rather than littering the mainland. This inspired her: it turns out that waste paper is a treasure, and it can be turned into a treasure!
So, Zhang Yin resolutely resigned from her stable accounting job and came to Hong Kong, which had not yet returned to the motherland at that time.
Here, she rented a room of only a few square meters and started her own business. To save money, her first tool is a beat-up tricycle, followed by a simple meal of steamed buns and pickles.
She began to act like the city's cleaners, collecting waste paper. In the days of difficult starts, she was looked down upon and intimidated again and again. However, the resolute Zhang Yin did not flinch, she did what she had to do wholeheartedly.
Gradually, Zhang Yin's waste paper ** station has a small-scale operation. The income is also a little more than before, at least to make ends meet.
But Zhang Yin's ambitions go far beyond that. Over the years, she found that a large amount of waste paper was shipped to the mainland for reproduction.
Determined to make a fortune, she immediately realized that she could completely seize this industrial chain!
In 1988, Zhang Yin established her first paper mill in Dongguan and officially set foot in the manufacturing industry. In the beginning, due to limited funds, her factory was located in a remote suburb and the equipment was the worst old machine.
But with the connections she had made with the paper mill owner, Zhang Yin's factory was soon up and running.
The raw materials are obtained from its own waste paper station, and the finished products are sold to cooperative manufacturers, and this industrial chain has brought the first pot of gold to Zhang Yin.
After the development, Zhang Yin began to turn her attention overseas. She came to the United States with her husband and founded a scrap company.
Although she was still impoverished and had to live in the same small apartment with her husband, the overseas market presented her with huge business opportunities.
She scavenged waste paper from the United States and shipped it back to her factory in the mainland, making a lot of money.
The huge profits gave Zhang Yin the capital to continue to expand. By the mid-90s, she was a powerful entrepreneur.
She readjusted the industrial layout and founded Nine Dragons Paper, which specializes in producing high-quality paper products for export abroad. With the advantages of a strong raw material supply chain, Nine Dragons Paper has achieved great success, making Zhang Yin the most famous waste paper tycoon in China, with a net worth of billions.
Zhang Yin's success is not easy to come by, and she has spent more than 20 years from a Guangdong girl who has nothing to become the richest man in Hong Kong.
In 2008, Zhang Yin was invited to attend the CPPCC meeting. In several of her proposals, she called for lower taxes on the wealthy, causing controversy.
The proposal seems to speak for a specific class, and Zhang Yin explained that it is about the overall economic development. However, the explanation is difficult to accept, and the label of "for the rich is not benevolent" has been stamped. Soon after, a Hong Kong report accused Nine Dragons of being a "sweatshop", and Zhang Yin was again slammed.
There was a steady stream of negative news, and Zhang Yin was depressed, but she quickly cheered up. She examined the employment situation of Nine Dragons, although there were flaws, but it was generally good, and she also reflected on the mistakes of the proposal and was determined to improve the shortcomings.
However, an even greater crisis is yet to come. When the 2008 financial crisis swept the world, Nine Dragons was not immune.
There is a backlog of waste paper products, and Nine Dragons is facing a broken capital chain. Industry insiders believe that Nine Dragons is destined to become a funeral object for this crisis.
The situation was critical, and Zhang Yin responded calmly. She adjusted the sales structure, increased the domestic market development efforts, changed the procurement of raw materials, used a large number of domestic waste paper, and at the same time, strengthened internal management, and reduced the projects involved in expansion.
Under the operation, Nine Dragons turned losses into profits in the first half of the year. The following year, profits increased by more than 400%. Under the steady leadership of Zhang Yin, Nine Dragons Paper has risen against the tide and once again proved her business acumen.
With success comes responsibility. After Yushu in 2010, Zhang Yin generously donated 15 million yuan to help the disaster area.
During the epidemic, she donated another 30 million yuan to support Hubei. Zhang Yan fulfills the social responsibility of successful people, and her good deeds inspire more people to do good to the world.
However, behind the success of Zhang Yin's enterprise lies serious damage to the environment. Her factory uses a large amount of waste paper as raw materials, and a large amount of toxic waste gas and wastewater is produced in the production process, which seriously pollutes the surrounding air, water and soil.
This not only poses a threat to the health of local residents, but also damages the ecological environment.
In the face of increasingly severe environmental problems, ** began to strengthen environmental supervision and take measures to rectify and crack down on polluting enterprises.
This puts Zhang Yin's business under great pressure. In order to escape the environmental punishment, Zhang Yin decided to quietly relocate her factory to the United States. She also renounced her Chinese citizenship and immigrated to the United States as a local citizen. This act has been strongly condemned by all sectors of society.
Zhang Yin's first factory was located in Dongguan, which mainly produced office paper. Due to limited funds, she chose to build a factory in a remote suburb.
The raw materials mainly rely on the waste paper provided by several waste stations** operated by themselves. The quality of these waste papers varies and it is very troublesome to dispose of. A pungent odor is also emitted during processing.
Even in the suburbs, the pollution problem of the factory is often complained about by nearby villagers.
As sales grew, Zhang Yin realized that her own scrap yard alone was far from meeting the demand for raw materials.
At that time, China had not yet formed a standardized waste paper system, and the quality of waste paper was uneven. It's also a hassle to deal with. This gave Zhang Yin a new idea.
It is known that the United States is rich in waste paper resources and has established a perfect first-class system. Zhang Yin decided to go to the United States for development.
She founded Zhongnan Holdings and Nine Dragons Paper in the United States. The former is mainly engaged in waste paper**, and the latter focuses on the production of high-grade printing paper.
The abundance of high-quality raw materials enabled Nine Dragons Paper to rise rapidly, becoming the first papermaking enterprise in China, and also brought huge profits to Zhang Yin.
At the same time, Zhang Yin also began to carry out factory equipment transformation and technology upgrading in China to meet the growing market demand.
Over the years, she has become a leading figure in the paper industry. Although she knew that papermaking was damaging to the environment, she didn't put much effort into it in order to maximize profits.
As environmental problems become more serious, ** has begun to tighten environmental regulatory policies and increase penalties for polluting enterprises.
However, Zhang Yin's Dongguan factory has not been able to effectively control the pollution problem due to limited funds and outdated equipment. This leaves her with a dilemma: either to invest a lot of money in environmental governance, or to face severe penalties.
In the end, Zhang Yin chose the third path - quietly moving the Dongguan factory to the United States. She also became a U.S. citizen, freeing herself from the status of a Chinese citizen.
This behavior immediately drew criticism from all walks of life. Many people believe that she made money by destroying China's environment, and then abandoned her homeland and went to the United States to enjoy happiness. This behavior is extremely irresponsible and immoral.
In 2007, Zhang Yin was named the first richest woman in Forbes. But what she left behind was not only a successful and brilliant business empire, but also a heavily polluted landscape.
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