The reason why the head of the headquarters is so irritable is that there is no other reason why the 6.5 billion US dollars in research and development costs will make the old man crazy.

Although the impact of last year's Asian financial crisis on the country was not as great as that of Southeast Asian countries, it dealt a very huge blow to the domestic exports on which it depended.

Take Zhuang Jianye's old brother, Luan Heping's semiconductor production plant, for example, exports increased by 16.7% in 1996, and fell by 36.9% in 1997.

There is also Ning Xiaodong's Qiongzhou Airlines, which was directly cut in half, but this is not Ning Xiaodong's biggest loss of business, his two import and export companies and an investment company on Hong Kong Island were devastated, and they were directly closed.

After more than ten years of hard work, once they returned to the pre-liberation period, it was a true portrayal of the two of them, and in desperation, the two could only raise money everywhere and stabilize the basic situation first.

Thanks to Zhuang Jianye, Tengfei Group invested in China Merchants Bank in the early years, and with financial support, it was able to provide credit to the two and provide loans to alleviate the shortage of funds.

However, although Tengfei Group did not suffer as much as Luan Heping and Ning Xiaodong's corporate losses, the aftermath of the Asian financial crisis inevitably affected Tengfei Group.

The biggest piece is that airlines have suffered a major blow, resulting in airlines that originally booked and leased TRJ-500\\ERJ-140 series regional airliners have canceled and terminated their contracts, thereby reducing the overall operating costs of airlines.

This alone led to an annual loss of 3.8 billion yuan in 1997.

Combined with the heavy blow to the export of medical products and the weakness of other processing and manufacturing businesses, the annual loss for the whole of 1997 exceeded 8 billion yuan, reaching 8.42 billion yuan.

This is still Zhuang Jianye's foresight to avoid the losses encountered in the troubled waters of Southeast Asia, otherwise, just deeply involved in the follow-up development of the Royal Thai Aviation Industry Group, it is possible to lose the bottom pants of the Tengfei Group.

Fortunately, in mid-1996, Ascendas Group transferred the remaining shares of Royal Thai Aviation Industries Group to Honda of Japan, so that this Japanese car with the dream of building airplanes finally had the opportunity to touch the sky above the car.

The excitement was palpable, not only did it pay for the $3.2 billion acquisition of Ascendas, but it spent another $6.6 billion to acquire 55% of Royal Thai Aviation Industry Group in six months.

Just when Honda was ambitiously preparing to rely on Thai Aerospace Manufacturing Company to realize the ultimate fantasy of the car to the sky, the financial giant crocodile's bloody mouth directly bit off Thailand's backbone, and then swept Southeast Asia.

Honda's nearly $10 billion Royal Thai Aerospace Industry Group's market value evaporated by 85% six months ago, leaving less than $1.5 billion.

Subsequently, Royal Thai Aviation Industries Group announced bankruptcy reorganization? Honda's last hope was dashed in an instant? The ultimate dream of a car to the sky is still the unattainable ultimate.

Thanks to Honda's $3.2 billion equity transfer fee? And the cash reserves of Zhuang Jianye in recent years, intentionally or unintentionally? This is what makes Tengfei Group proud to resist the risk in the face of huge losses. It can also take the initiative to uproot the Daewoo Group's aviation manufacturing industry, which is close at hand.

So the fate of an enterprise is closely related to the fortune of the country? Although the impact of the Asian financial crisis was huge? However, it did not cause much damage to the Daewoo Group, thinking that it could survive this crisis, and then seize the opportunity to achieve a counterattack beyond the European and American industrial giants.

But I forgot the extent to which the people of the whole of South Korea have to give up their gold and silver jewelry to continue the life of the country because of this crisis.

Without the protection of the state, the sturdy Daewoo Group is a big fat pig with no resistance? Just a little ability? With a knife, you can cut off a piece of fat on it.

Of course, Daewoo Group was a little unlucky, and met Tengfei, Airbus and Boeing, three who did not speak of martial arts, and the latter two were crazy in the capital market, and Daewoo's leeks were cut over and over again? As for Tengfei Group, don't have such good financial skills? So he simply stared at the leek root planing, and directly took away the hard-core equipment of aviation manufacturing that Daewoo Group had high hopes for.

Worth a lot of money? But it is not liquid living money, so the book assets of Tengfei Group are inflated? But the progress of the capital chain is still not any relief? After all, the killer plan in the hands of the Ascendas Group, the high-end materials of the next generation of combat aircraft, the new generation of regional airliners, and the medium-thrust vectoring engine derived from the third-generation core aircraft? Which is not a gold-swallowing behemoth.

In particular, the vector engine project, as the core power plant of the next generation of combat aircraft, is a technical verification trial model, and its success or failure is related to whether the domestic next-generation fighter can be born smoothly and whether it can achieve the design goals set by the headquarters.

It can be said to be one of the most critical areas for the various subsystems of the next-generation combat aircraft.

Since it is critical, it means that the funds are burning fast.

Before the Asian financial crisis, the headquarters and Tengfei Group seven or three open, despite the technical difficulty, but under the crazy investment, the vector engine is still making a lot of progress.

However, as soon as the Asian financial crisis came, the overall export declined, the foreign exchange surplus fell sharply, and the state finances were taken aback, and the funds in the hands of the headquarters were somewhat stretched.

The key is that at the beginning of this year, the higher authorities demanded that the troops withdraw from commercial activities as a whole.

Although the country will increase military spending from next year and prepare a scientific research budget to support the research and development of major projects such as vector engines, the problem is that it will have to wait until next year.

What to do this year?

In the face of a huge funding gap, the head of the headquarters sighed and sighed that his hair was about to turn white, and as a result, Zhuang Jianye took a "future fighter concept model" produced by the Tengfei Group Aviation Model Factory and went out for a walk around to get back $6.5 billion in funds.

I'm working hard here, for a penny of funds and the leaders in charge of various parts are arguing like aunts in the vegetable market, so I almost scratch each other's faces, you Zhuang Jianye take a toy model to fool so much money, dare to be full TM is a waste of feelings!

Carrying a forty-meter machete to chase around the capital is simply a normal operation in normal operation.

Of course, at this time, Zhuang Jianye didn't have time to consider the feelings of the head of the headquarters, what he has to do now is very important, the ticket money of 6.5 billion US dollars can not be wasted, how to let a few local tyrants send the money as soon as possible is the key, after all, today's Tengfei Group is short of money and is about to eat the soil.

So he looked at Zarif who was expectant, then at Mahmoud, who was very sincere, and finally swept Abdullah with a calm face, and swallowed helplessly: "You guys are making me commit a crime, or not, whoever asked me Zhuang Jianye to stick a knife in the ribs for my friend, I will be punished when I return to China!"

As he spoke, he opened the briefcase, took out the model of the airplane, and said in an open tone: "This is the JZB-119 ultimate form, we will name it the real dragon MAX!"