Chapter 918: The Westeros Effect 2.0
Early in the morning on April 20, the eyes of the world were focused on the Westeros system.
At 10 a.m., two Boeing 767 private jets and three Boeing 747 business jets took off from Los Angeles International Airport in turn.
Target: Beijing, China.
Now that the matter has been made public, and the Westeros system is no longer concealed, relevant TV and Internet media platforms immediately issued press releases, and major media in North America, Asia, and Europe quickly began to follow suit.
The Westeros Senior Management Team, led by Simon Westeros and his wife, will undertake a two-day official visit to China on April 22 and April 23, accompanied by a government delegation led by new U.S. Secretary of Commerce Mickey Kanter.
The first thing the media noticed was the sheer scale of the visit.
Among them, there are a total of 27 people in the core of the Westeros system, including Simon Westeros and his wife, Westeros President James Raybould and his wife, Jeff Bezos, CEO of Eaglerett, John Chambers, CEO of Cisco, John Chambers, CEO of Cisco, Raymond Smith, CEO of Verizon Telecommunications, Ella Deutchman, President of Gorgate Pictures, Leon Black, CEO of Apollo Management, Francis Levisson, CEO of Levison Group, and Joma Lee, Chairman and CEO of Nokia. Ollila and so on.
In terms of the government team, led by Commerce Secretary Mickey Kanter, there are a total of 19 officials, large and small.
In addition, there are assistants, security guards, service and other peripheral members around the periphery of the core team, with a total of more than 400 people.
Finally, there are more than 300 reporters from newspapers, television, Internet and other platforms from all parties in the United States. The main consideration is that rather than leaving the North American media free to play in such an important news event, it is better to take the initiative to guide it.
All things considered, the total number of visiting groups is close to 800.
As for why the outside world noticed this for the first time and caused heated discussions, a simple set of comparisons is enough to understand.
Since 1972, successive US presidents have visited China, with Richard Nixon visiting a team of 300 people, Gerald Ford 450, Ronald Reagan 600, and George Bush 500.
Some people may question how Simon Westeros is just a businessman after all, how can he be compared to the president of the United States?
However, recent official statements from the Chinese side and the preparations made by the Chinese capital region in preparation for Simon Westeros' visit suggest that the country is responding to the visit in full compliance with the highest standards at the level of heads of state.
Anyone with a little insight understands that with the current strong influence of the Westeros system, Simon Westeros is more than worthy of such a reception.
After all, Simon Westeros' current personal net worth of more than $1 trillion is higher than China's annual GDP of $730 billion in 1995, and the entire Westeros system, in terms of size, is equivalent to the world's third-largest economy after the United States and Japan.
13 hours later.
At 23 o'clock in the evening of Western time, at 2 p.m. local time on Sunday, Simon Westeros's landline first landed at the Capital International Airport.
Because according to diplomatic etiquette, the reception at the head of state, such as the United States, will be received by the vice president on behalf of the president, and the same is true for other countries.
For Simon Westeros, the Chinese side really gave such specifications.
Globally, the more formal media are shocked, shocked by the height that a 28-year-old has unknowingly reached. The unscrupulous media questioned in an uproar, how does Simon Westeros have the qualifications to do this, is he the real president of the United States?
Then, during the two days of the official visit, more than 6,000 journalists from all over the world gathered in the Chinese capital to witness the grand scale of the visit.
April 22nd.
In the morning, a welcoming ceremony was held in the General Assembly Hall and talks. In the afternoon, visit the Forbidden City together. In the evening, the state banquet.
April 23rd.
In the morning, a large-scale business cooperation agreement was signed, involving real estate, science and technology, finance and other aspects. In the afternoon, a symposium between the political and business circles. In the evening, there is a cultural performance.
The two-day schedule continued, and the media found that the only difference in the entire reception process of Simon Westeros's visit compared to the reception of the head of state was that the three armed services did not review the honor guard together, after all, it is a formal diplomatic etiquette between countries.
However, except for a few media outlets that are still clamoring, there is not much hype at this time.
Because.
The impact of Simon Westeros' visit was almost immediate.
The Westeros Effect.
That's right, it's the Westeros effect that has scared Japan every time after all these years.
And this time, not only Japan, but most of the countries in Asia except China were not spared.
On April 22, the first day of the opening of the new week, since 1996, the Japanese stock market, which had barely broken free from the quagmire of last year's plunge, took a sharp turn after the opening, and the deepest decline on Monday reached 6.3%, and the decline was as high as 4.9% at the close of the day, falling from 16,893 points to 16,065 points.
At the same time, the stock markets of South Korea, Thailand, Singapore, Indonesia and other Asian countries have plummeted, generally falling by about 5%, of which the South Korean stock market has fallen by as much as 7.6%, which is simply miserable.
On April 23, with a large number of urgent statements to stabilize the market, Southeast Asian countries that thought that yesterday's plunge had passed found themselves very wrong. Not only did the expected rebound not come, but with the signing of a series of cooperation agreements between the Westeros delegation and the Chinese side, the stock market curves of Southeast Asian countries did not even have a tendency to rise, and still plunged.
First of all, it is Japan, which is the largest in size.
Throughout the day on Tuesday, the Nikkei 225 index plunged 6.3% again, and had fallen back to 15,053 points at the end of the day, a cumulative decline of 10.9% in two days, according to the current momentum, even if it falls by even 0.5%, the Japanese stock market will fall back to the darkest period after the country's successive Hanshin earthquakes and sarin gas events at the beginning of last year, when the Japanese stock market fell back below 15,000 points for the first time in a decade after hitting 15,000 points in the eighties.
Many people thought that this would not happen again, however, in just two days, the Nikkei 225 index was already hovering around the 15,000 threshold.
South Korea, Thailand, Singapore and other countries have not escaped either, with stocks in the rest of Asia excluding China falling more than 7% throughout Tuesday, even worse than on Monday.
In stark contrast to the rest of Asia, China's stock market is undoubtedly improving.
In two days, China's Shanghai Composite Index has soared 13.6 percent, from 765 points at the opening of Monday to 869 points.
Similarly, in North America, the Dow Jones and Nasdaq both hit new highs, with the Dow Jones rising 3.7% for the second day in a row, from 6,139 to 6,365. The Nasdaq also rose 4.3% in two days, rising from 3,416 to 3,562.
This sudden financial shock caught everyone off guard.
Carefully analyzed, everything is so logical.
The earliest thing can be traced back to the end of World War II, first of all, Japan, with the help of the Korean War and the deliberate support of the United States, relying on a large number of war orders to quickly recover the economy. Then, during the Cold War, the confrontation between the East and the West, out of the need to win over and encircle, Southeast Asian countries received a large amount of economic assistance from the United States and Japan, and their economies developed rapidly, and regional economic giants such as the Asian Tigers and the Asian Tigers appeared successively.
All this until the nineties.
1992 to be exact.
Prior to this, China's opening-up policy had been in a state of vacillation, and despite the rapid economic recovery, overseas capital had been concerned about China's business environment. China, which has been weak for too long, needs the help of a large amount of foreign capital if it wants to develop, so there have been various unprincipled accommodations for foreign capital since the 90s.
Then, in 1992, the tone was completely set, and in 1994, China's "Company Law", "Labor Law", "Intellectual Property Protection Law" and a series of laws and regulations were promulgated, announcing that China had entered the first year of market economy, and the confidence of capital in China's economy was once again enhanced.
However, the negative effects that have accumulated over a long period of time cannot be eliminated immediately. In the original time and space, attracting foreign investment in China was also a relatively slow process, and it was not until after the turn of the millennium that China joined the World Trade Organization (WTO) that it entered another stage.
This time, Simon's visit to China, as well as the large number of cooperation agreements that Westeros has openly signed with the Chinese side, can be said without exaggeration to directly dispel the concerns of international capital about investing in China.
The rapid rise of the Westeros system in a decade is enough to bear such a guarantee.
Putting aside political concerns, if you look at China, with a population of 1 billion, the world's most populous country, it has a vast territory and is quite rich in both human and natural resources. The economy is in a period of rapid growth, all walks of life are full of opportunities, the standard blue ocean market, and there are many preferential policies for foreign investment.
Such a country, of course, can invest without hesitation.
Capital is also limited.
With China's sheer size, when a large amount of capital originally intended to invest in Asia begins to pour in, the rest of Asia will bear the brunt.
Economically developed Japan, South Korea, Singapore, etc., will not only encounter competition from European and American capital in China, including the export goods of these countries, but also more competition from European and American strong enterprises in China. Countries such as Indonesia, the Philippines, and Malaysia, whose average economic level is stronger than China, and the low-end manufacturing industry, which has a large proportion of industries, will inevitably be hit by China, which has a relatively lower cost, and will fall into recession because of the loss of competitiveness.
As a result, with Simon Westeros' visit to China, the capital market gave the most direct feedback.
In the original time and space, the development of other countries in Asia basically followed this trend.
Japan's lost 20 years may have been due to the internal cause of improper domestic economic policies, but it was not because of the rise of China that took away its national fortunes. As for Southeast Asian countries, they have basically lost their international presence after the Asian economic crisis and the rise of China.
Simon's visit to China is just a direct catalyst for trends in the coming years. As a result, the stock markets of these countries fell across the board.
At the end of the two-day official visit, Simon disappeared from public view.
In the face of media inquiries, the official statement of the Westeros system is that the two have started a private vacation, not wanting to be disturbed, and judging by all sources, the couple is obviously still in China.
This is undoubtedly another big difference.
Freedom.
If it is a real head of state who makes a state visit, how can he disappear as soon as he wants. Even if you briefly avoid the spotlight, no matter where you go, no matter what you do, there will be a special record. Maybe the outside world will envy the scenery, but the insiders understand that this feeling of not having a little personal time is actually not good at all.
With the cooperation of the Chinese side, the couple wanted to avoid the attention of the outside world, as if they only recited a spell and then disappeared.
No one could find it.
This has been a great relief to the rest of Asia.
Sure enough, the Westeros couple avoided public view, and the Westeros effect seemed to disappear, and on Wednesday, after many people's all-nighters, the Japanese stock market finally did not turn around after the opening of the day, and returned to the darkness within 15,000 points, but rebounded, and the stock markets of other Asian countries may have risen and fallen, and the overall is far less tragic than the previous two days.
In order to make sure that this 'goodness' will not be interrupted, and even many people directly contact the Westeros system to probe, the current Japanese Prime Minister Hashimoto Ryutaro also called James Raybould, who is still in China, to inquire about Simon's itinerary, and even directly abandoned the implicit Easters, and very bluntly and earnestly hoped that Mr. Westeros would not appear in public in the near future.
Even in order to show goodwill, he also came up with real benefits.
As long as Simon Westeros does not appear in public in the near future, Japan's Sony, Panasonic and Canon can also abandon the patent infringement lawsuit they are initiating against Tinkobar for digital cameras, digital video cameras and other products, and the two sides can reach a private settlement.
In fact, this is both a favor and a step.
After all, Tinkobar was established for too short a time, and it is not as deeply rooted in the technical layout of Japan's old electronics manufacturers. With the rapid rise of Tinkobar, Sony and other manufacturers feel threatened, and in recent years have begun to use patented weapons to try to suppress them.
Unfortunately, the effect is obviously not great.
After all, the main market for Tinkobar's products is still concentrated in the United States, even if Japanese companies occupy the position, but the US government is crazy, and will follow the wishes of the Japanese to suppress a cutting-edge electronics giant that has grown up in China.
The credibility of the Japanese is still quite good.
Simon didn't plan to show up, but since the other party gave a benefit, he asked James to give a positive answer.
Although Simon went into hiding directly after the official schedule, the huge Westeros system delegation and the U.S. government team did not leave immediately, and are still conducting consultations and exchanges with the Chinese side in various aspects, and according to his personal work arrangement, he is expected to stay for about a week. Even if various agreements have been reached before, after all, the time is too tight, and many details need to be improved.
On the other hand, the impact of Simon's visit on Southeast Asia was 'immediate'. The same is true for China.
China's stock market is still growing second.
In the days that followed, many investment projects under negotiation in various parts of China were generally accelerated, and some investments that were only intended to enter the formal negotiation stage, and many countries in North America, Europe, Latin America, and even Africa began to look for investment delegations to China.
At this point, no one questioned that China's high-profile reception of Simon Westeros was a big fuss.
If you can, even if it's the standard reception of extraterrestrial visitors, it's no problem.
Well.
Except, of course, the rest of Asia, which has just experienced a financial turmoil and is still reeling from it.