Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Historic -> Red Alert Greater China 1985

Volume 1 033 Swindling money from financial oligarchs

Previous page        Return to Catalog        Next page

    Coming to Wall Street, which can be said to be the true center of the United States, Qi Yiming, under the leadership of Jacqueline Morgan, worked with Citibank, Morgan Stanley Bank, JP Morgan Bank, Bear Stearns Bank, Lehman Brothers, etc.  The bankers who stomped the earth for a few seconds met.

    The person who hosted the meeting was still an official representative of the United States. He first told Qi Yiming: "After careful consideration by Congress and the government, the United States will provide China with a low-interest loan of US$20 million"

    Qi Yiming is a civilized man. If he still had the temperament of an angry youth at this moment, he would have punched this American official in the face. He spent 20 million US dollars to send a beggar.  Compared with the aid of hundreds of millions of dollars when the United States was wealthy, twenty million dollars is indeed a drop in the bucket, not to mention that Qi Yiming came with a "heart-breaking" gift package.

    The official also knew that it was a bit embarrassing and compensated: "This loan is a long-term aid loan with a low interest rate that is far lower than the world's aid level. Generally speaking, the conditions are good. At the same time, we encourage China to apply to some commercial banks in our country."  For a certain amount of normal loan business, the interest rates are easy to negotiate.¡±

    Low-interest, long-term loans also have a certain nature of aid, but normal loans are simply giving money to American bankers.  Even though these bankers are sitting here so solemnly and look so gentlemanly, Qi Yiming knows very well that these people are actually a bunch of hungry wolves.

    The United States experienced an economic recession in the 1970s and early 1980s. Until September this year, the finance ministers and central bank governors of the United States, Japan, West Germany, France and the United Kingdom held a meeting at the Plaza Hotel in New York and reached a five-year plan.  The U.S. government jointly intervened in the foreign exchange market to induce an orderly depreciation of the U.S. dollar's exchange rate against several major international currencies in order to resolve the U.S.'s huge trade deficit.  This was the Plaza Accord that had an impact on the world.

    Many Japanese people say that the Plaza Accord is the main culprit for Japan¡¯s two decades of decline. The United States also relied on the Plaza Accord to stabilize its position as the world¡¯s economic hegemon and hindered Japan¡¯s development.  As someone who studies economics and business, Qi Yiming has never felt this way, or he does not think that Japan's two decades of decline and the U.S.'s economic recovery are entirely due to the Plaza Accord, which improved U.S. export competitiveness.

    In fact, the main reason for the U.S. economic recession in the 1970s was that the traditional economy was coming to an end. After the war, the U.S. lost its expansionary production demand, causing the economy to fall into stagflation.  The most fundamental way to solve this problem is the third technological revolution. The rapid rise of emerging industries, including PC, microelectronics and other industries, has directly injected new vitality into the US economy, thus further protecting its international economic status.

    At the same time, Japan has also gained strong purchasing power of international resources due to the appreciation of the yen, and has internationalized its products and carried out a new round of industrial adjustment.  To say that it is a loss is not entirely a loss. For a long time, Japan's economy has been ranked second in the world, its products are sold around the world, and its national income continues to increase.  To say that it is lost is just compared to the crazy development in the 1960s and 1970s, and the seemingly surpassing the United States.

    ??????????????????????????????????????????????????????????????????????????¡ªThe U.S. military is standing on Japanese soil, how could Japan rely on its strong economy to drive away the Americans and become number one in the world?

    No matter what, before the effects of the Plaza Accord and the third technological revolution were fully catalyzed, the United States had a serious fiscal deficit and seemed to be too busy to take care of itself. How could it be that it could benefit Qi Yiming and China in vain?  On the other hand, there are other advantages in this situation. The United States' typical crime tactic is to stir up chaos in the world during the economic crisis and take advantage of the opportunity to sell arms.  Arms exports have become a pillar industry in the United States.  The Rabbit family is now coming to the door to ask for the Tomcat. This is a very lucrative and big deal. Naturally, the Americans cannot give up easily, so the possibility of passing it has also increased.

    Qi Yiming could only comfort himself. Originally, he came to the United States to engage in Tomcats.

    However, Qi Yiming will still fight for what should be fought for. He said to the bankers in front of him: "Gentlemen, thank you for taking the time to come to this meeting. I personally brought  It comes with extremely high sincerity. As you know, the current Republic lacks the funds needed for development, but it has great potential for development. I hope to get it from Plutus (the god of wealth in Greek mythology).  Some significant funding.¡±

    An executive from Lehman Brothers Bank said: "We are also very interested in helping China with its economic construction. Effective financing models and a sound banking system are conducive to rapid economic expansion. The United States itself is a good example.  I think if China can open up its financial industry and allow American banks like us to enter the Chinese market, it will be of great significance to activate the market to a greater extent. "

    Qi Yiming regarded this man's words as farts. He seemed to be talking in a decent way, but in fact, this group of cannibals?The harm caused by entering the country is far greater than the benefits. How could he let go easily? He could only pretend to be helpless and said: "I'm sorry everyone, I also hope that everyone can enter the Chinese market and help us with financing, but I don't  We have no say in this aspect, let alone decision-making power. But the good news is that our country is working hard to join the General Agreement on Tariffs and Trade, and will have a long-term development plan for the financial industry. One day we will be open to foreign banks.  Well, I can reveal some inside information here, and I hope you don¡¯t spread it outside. If our entry process goes smoothly, we will try to open up a certain amount of foreign capital to obtain a share of our local bank, of course, this kind of shares cannot be too much.  But I think it¡¯s also very valuable to you.¡±

    This makes the piranhas¡¯ eyes light up. It is true that this model makes it impossible for them to make so much fun, but it is much better to make money than not.

    Morgan Stanley asked: "How many open quotas are there? What is the maximum number of equity shares that can be obtained?"

    Qi Yiming smiled and said: "This still needs to be operated later. We are still weighing it. What I can assure you is that this matter is real, but the degree of openness will not be too much, so we cannot guarantee that everyone here will  Anyone can enter. As for who gets this benefit, of course we will give priority to companies with better qualifications and friendliness to China.¡±

    His words basically completely destroyed the atmosphere of unity among the piranhas. China is poor, but China is a country with a traditional high savings rate, and a high savings rate is the favorite thing of bankers. They  A large amount of capital can be mobilized to lend or invest, and then attract money like a magnet.  Coupled with the population of one billion, emerging markets are booming. It can be said bluntly that Chinese banks may make more money than American banks in the future.

    According to a report by "The Banker" magazine, in 2011, 29.3% of the World Bank's profits were made by Chinese banks. ICBC, China Construction Bank, and Bank of China ranked the top three, and JP Morgan ranked fourth.  Of course, these banks in China are no less hateful than those on Wall Street in the United States. Their extremely high profitability has almost completely scratched the surface of the real economy. After 2013, this situation began to be intensively rectified, and the country tightened monetary policy and strengthened governance.  Only then has there been some improvement.

    Although the prospects are still uncertain at this time, bankers can roughly guess how attractive the Chinese cake is, so everyone wants to grab a share, and the sooner they do it, the better.  What to do if the number of places is limited? Then do a good job in public relations with people in China!

    Sure enough, Citibank said immediately: "Our bank has always been committed to developing foreign customers, especially paying special attention to potential customers. We will consider providing a low-interest assistance loan to the Chinese government, but we also hope that China can allow us  The bank has set up branches in China and operates part of its business.¡±

    "We extremely welcome Citibank's assistance loan. It is possible to set up a branch, but it is impossible to operate too many businesses. I prefer to use FDI for financial cooperation. I think to a certain extent, direct investment is better than ordinary investment."  The commercial credit is more valuable, but of course this is also limited. I need to go back and report it to the Party Central Committee for further demonstration and research. "

    FDI cannot be said to be all good and all bad. The good aspects promote development, while the bad aspects threaten the country's balance of international payments.  But now China is covered in scabies and is a bachelor and a poor man. What is there to choose? It is obvious that the benefits of FDI outweigh the disadvantages.

    Bankers can't say they like this model very much, but at least it is a profitable thing. Qi Yiming provoked it a little, and finally when he left Wall Street, in addition to getting 20 million US dollars from the United States, he also got some money from this model.  A group of bankers tapped into the pockets of US$110 million in low-interest loans.

    In the mid-1980s, the country no longer regarded having no domestic debt or foreign debt as something to be proud of. A large number of applications for ODA from Japan, and later loans from international organizations such as the World Bank, were all necessary for economic construction.  way.

    Back to the manor where they were staying, several people from the commercial department were shocked when they learned that this troublesome old man had brought back 130 million just after leaving the house.

    "It doesn't matter that the superiors asked us to listen to Comrade Qi's command. They stayed in the United States for a few days and just re-explained what we originally planned. The Americans were all ready to give us money." A person from the Ministry of Commerce  sighed.

    Person B also said: "Sure enough, different people have different fates, but when we go out with Comrade Qi, we can not only make a mark in the credit book, but also bring some foreign exchange to buy some home appliances for the country."

    ??????????????????????????????????????????????????????????? ¡° When our trade is liberalized, it will not be so difficult to buy domestic appliances in the future, and there will be no need to bring them.¡±

    Suddenly Qi Yiming stuck his head out from nowhere: "I'll look for you later."Our affiliated home appliance factories will give you whatever home appliances you want at a low price, and the central ministries and commissions will give you priority in supplying them.  "
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report