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Volume One: Living in Troubled Times Chapter 40: Internal Causes and External Forces

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    This book is coming to an end, and the new book "Fighting Against the Current" has been uploaded. I sincerely ask my friends to continue to support me. I am very grateful for your continued encouragement. I wish my friends a happy family and a smooth career.

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    The banking crisis in 1965 led to a downturn in other industries. Real estate prices plummeted, many real estate companies closed down, and many factories and enterprises were also in trouble. In that year, more than 400 industrial and commercial enterprises were officially closed and auctioned by the court due to bankruptcy.  .

    The ebb and flow of the business world has created a group of successful people, but there are also many losers who have ended sadly; conversely, the same is true.  There is always gold that starts to shine in the tide, and there are always those who are on the wave standing up proudly.

    After Great Wall Industrial invested in Hang Seng, it began to take advantage of low prices and acquired several potential industrial and commercial enterprises through auctions.  The so-called potential refers to, first, the technology and level of production, and second, whether the location of the enterprise is relatively superior.  This is also the successful experience Meng Youtian borrowed from history. These industrial and commercial enterprises with better geographical locations were relocated to remote places such as Tsuen Wan, Kwai Chung, and Kowloon West, thereby freeing up high-quality land and revitalizing the industrial and commercial enterprises.

    An inventory of Hong Kong¡¯s real estate tycoons shows that most of them took advantage of the situation when the banking crisis and political turmoil broke out in Hong Kong in the 1960s and the real estate industry fell into a low ebb.  Meng Youtian certainly did better than others.  Rather than doing worse than others.  His methods were multi-faceted, and he plagiarized many tricks that others had worked hard to figure out. Together with the background of Hang Seng Bank, it was enough for him to flex his muscles and expand miraculously.

    Under the leadership of Meng Youtian, Great Wall Industrial has not only expanded steadily in real estate, but its other industries have also shown good development momentum, bringing him continuous profits, making his funds more abundant, and his ability to withstand risks has been greatly enhanced.

    ?? Ready-made garments, ties, belts, socks, suspenders, lace, girdle, bow ties, tie clips, cuff buttons, keychains and other products enable Longpai Enterprise to diversify.  After developing and consolidating the Hong Kong market.  It has entered the markets of Southeast Asia, Europe and the United States.  And it has a branch in Singapore.  The number of large customers continues to increase.

    With Barbie as its signature doll, Hua Xiu Toy Company launches new models every year. With patents in hand, it is actively producing new toys.  It is also very profitable.

    The textile factory has undergone technical transformation.  Known for supplying high-quality ring-spun yarn, woven denim, complex shaped knitted pieces and fine-gauge cotton knitwear.  With its closeness to world fashion trends, flexible response to orders, rich expertise and exquisite workmanship, it has prosperous production and sales. It has also set up a branch factory in Singapore, making production costs even lower.

    The title of ¡°Golden Touch¡± is well deserved.  As his wealth expanded, Meng Youtian's reputation gradually became louder, and Shang Hai's undefeated record was even more admirable.  Meng Youtian also has another reputation for being charitable. Great Wall Industrial's employee treatment is quite good. Although this reduces the company's income to a certain extent, Meng Youtian thinks it is worth it.

    Furthermore, Great Wall Industrial also has a preferential policy, that is, employees who have worked for more than eight years can purchase the company's properties at a price much lower than the market price and enjoy ten years of mortgage services.

    ¡° Only when you live in peace can you work and work happily. Meng Youtian wants to create a united and stable group that contributes wholeheartedly to the company, and he doesn¡¯t care about making less money.  This is not only his conscience, but also a long-term plan to lay the foundation for his descendants.

    ¡° Successfully starting a business in Hong Kong does not mean Meng Youtian¡¯s full appreciation.  Precisely because he was there, he would draw more direct impressions and conclusions.  Nothing happens without reason. The role of external forces cannot be ignored, but neither can the internal factors.

    In the early 1960s, with the take-off of Hong Kong's economy, social wealth began to grow rapidly, but the problem of social disparity between rich and poor also became serious.  Because the main beneficiaries of economic development are the boss class, especially the British-owned conglomerates in Hong Kong who enjoy certain privileges.  Economic development and changes have also caused inflation. Although wages in Hong Kong have increased, the burden of living has become increasingly heavier for the working people. It is difficult for a family of several people to maintain a minimum living on the wages of two couples.

    ??The British Hong Kong government still adopts the old-fashioned colonial mentality in its governance.  The Chinese can only do grassroots work in the government and have no say.  Public opinion can only be reflected through a small number of justices of the peace appointed by the British in Hong Kong. Laws and government documents are only in English. The ordinary people neither understand nor can they fight for any rights.  The top law enforcement officials are all white people recruited from the British or other British colonies. Most of them have a very serious attitude of discriminating against the Chinese, and they naturally treat the Chinese with indifference.

    In addition to apartheid-style governance, the British in Hong Kong also followed the model of using China to control China, linking the forces of the Chinese underworld to maintain basic social stability, resulting in serious corruption in the government, and even the British-appointed governor was implicated.?There are no officials who are not corrupt. The police, fire fighters, water and electricity and even medical staff all accept bribes in an organized manner from time to time.

    Therefore, Hong Kong was basically overpopulated in the 1950s and 1960s, and a large number of new immigrants built countless wooden houses to live in the Hong Kong and Kowloon areas.  The sanitary environment in these wooden house areas is poor, and more than a dozen people are crowded into a house of less than 50 square meters, and water and electricity are not necessarily supplied.

    What¡¯s more serious is that some workers have become unemployed and live on the streets without a guaranteed life.  The British Hong Kong authorities only focused on plundering money and transporting it back to their hometowns, but did not pay attention to people's livelihood.  In order to improve their lives and demand higher wages, workers in Hong Kong continue to go on strike.  According to statistics, from 1960 to 1970, there were 193 strikes in Hong Kong.

    The storm is about to come, and the combined effect of internal and external forces will set off a turmoil. Meng Youtian does not want to get involved, nor does he want his family to take risks because of it. After the leftists won the victory in Macau at the end of 1966 with the support of the mainland,  He took his family and quietly left the harbor to escape.

    Regarding the June 7th riots, Meng Youtian's psychology was contradictory. The anti-British and anti-riot movement and the movement to seek fairness were just in purpose and achieved results in practice.  That is to enable the British Hong Kong government to significantly strengthen labor protection, improve communication with citizens at the regional level, and indirectly promote reforms in education, medical care, anti-corruption, housing and other aspects to reduce social inequality.  At the same time, it alleviates citizens¡¯ uneasiness and opposition to the government.

    However, in the later stages of the movement, the masses adopted excessive and violent methods, such as placing real and fake bombs in downtown areas of Hong Kong and Kowloon, attacking passing public transportation from high places with water, and even resorting to assassination in the end, which resulted in the death of innocent citizens.  of casualties.  Meng Youtian was opposed to this.

    Who should bear the responsibility for causing the tragedy? Meng Youtian believes that it is useless to pursue the case, and the important thing is reflection.  The British Hong Kong authorities must reflect, the leaders of the anti-British rebellion must reflect, and everyone must reflect.  (To be continued)
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