"The umbrella can't be picked now!" When they saw the news that Evergrande was investigated, many netizens left such messages. Over the years, what Xu Jiayin and Evergrande relied on to make their fortunes, and why they can enjoy a high-quality "umbrella" with high debts, has always been the focus of speculation from the outside world. Now, this layer of window paper has finally been pierced, and people have seen the truth behind it: no company is above the law and morality.
Xu Jiayin has long been regarded as the "umbrella" of China's real estate industry. With its crazy performance and expansion speed, Evergrande has almost won the title of land king in many cities, and even state-owned enterprises and central enterprises have been defeated by it. This sudden momentum is full of legends, and it is also the icing on the cake for Xu Jiayin.
However, we must be soberly aware that the success of any business is not a one-man operation. As one industry insider put it: "Without the umbrella of a hard backstage, it's hard for even Superman to gain a foothold in this industry." "Looking back on the development process of Evergrande, the ambiguity of the relationship between government and business has always haunted people's hearts.
The delicate existence of this relationship also made Xu Jiayin more and more lawless. Evergrande's debt data has been criticized for falsification for many years, but the relevant regulators have turned a blind eye. It wasn't until the bubble was about to burst that Xu Jiayin turned around and threw the mess to shareholders and home buyers.
"The house we bought is unfinished, but he is still spending money everywhere, this is Xu Jiayin!" Nowadays, more and more victimized buyers are coming forward to tell their stories, and the houses they have bought with blood and tears have become a joke in the power game of capital. And those who are on high have not repented yet, and even continue to go their own way.
Such a scene is both sad and reflective. We must understand that economic development is by no means a blind pursuit of speed and scale, and a frenzied leverage, but should be based on fair competition and the rule of law. No one should be an exception to the system and the law.
The Xu Jiayin and Evergrande incidents only reflect a larger problem in the economy as a whole. When power is unconstrained and regulation is lacking, any business will swell to the point where it is difficult to manage. We need to put in place a strong regulatory system so that all market players operate within clear red lines.
More importantly, each of us must always be vigilant and not become another victim of Evergrande. Buying a home is not just an investment, it's a major decision related to family happiness. We must choose carefully and refuse to be imprisoned in the process of capital struggle. Only by treating the real estate market rationally can you spend your hard-earned money on the cutting edge.
Xu Jiayin and Evergrande's umbrella has finally been lifted, but we still need more accountability and reflection. Only by returning to the track of fairness and rule of law can we break the wall of vested interest groups. Let everyone live under the sun and rules, this is the society we yearn for.
However, there are still many practical difficulties to overcome in order to achieve this goal.
The mechanism of checks and balances on power is not yet perfect. In some localities, the relationship between the interests of officials and capitalists is still too complicated and ambiguous, and the independence and authority of the regulatory departments need to be strengthened. This makes it possible for vested interests to still find space to evade justice. We need to establish a mechanism of checks and balances in the power organs, increase the power of the regulatory authorities, and crack down on corruption in accordance with the law.
The rule of law environment needs to be further improved. In some places, the laws and regulations are not perfect, and the law enforcement is not strict, which gives illegal enterprises an opportunity to take advantage of. This requires us to continue to promote the construction of the rule of law, strengthen the supervision and control of enterprises, strictly enforce laws and regulations, and ensure that enterprises operate on the track of the legal system.
Public awareness of the rule of law needs to be improved. Some people do not have a sufficient understanding of power-capital relations and are easily deceived. We need to strengthen publicity and education on the rule of law, raise the awareness of the rule of law among the whole people, make people understand their legitimate rights, dare to defend their rights and interests, and prevent illegal enterprises from taking advantage of them.
The supervisory role of the media should be further developed. The exposure of power-for-money transactions can exert strong public opinion pressure. We need to encourage the media to conduct in-depth investigations and expose shady practices, promote the establishment of log accountability, and form external oversight of the exercise of power.
Civil society also needs to grow. Bottom-up supervision of power can be more powerful. We should support and encourage the development of non-governmental organizations, give full play to their supervisory role in the exercise of power, and form a joint force to restrain power.
Of course, all of this requires a long-term process. However, as long as we adhere to the right direction and strengthen system construction, I believe that the path of socialist rule of law with Chinese characteristics will continue to mature and progress, and eventually let the people truly become the masters of this country and share the fruits of reform and development.
The Xu Jiayin and Evergrande incident is just an eye-catching tumor in this process of progress. Removing a tumor is difficult, but it can make the social organism healthier. We have reason to believe that after this painful "operation" to fight corruption and punish evil, China will move towards a new era of fairness and transparency.
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