Although Mr. Hu still made up his mind to dig a hole for the Yankees, this time he really wanted to come up with something real.

The eyes of the financial consortium behind Hills are already red, and China has rolled up almost $200 billion in profits in the oil futures market. It doesn't take much foresight to know that China's economy will definitely be driven by this huge wave of benefits in two or three years.

Well, I, Wall Street, am willing to gamble and abide by the rules of the game. Since you have won money in the market, it is not good to grab it back so directly.

But since we are taking food from my rice Lijian, we can't eat it alone, right? The rabbit is unwilling to pay back, and he is unwilling to die, and we are also very embarrassed.

Of course, Ameriken of the Lighthouse is not without giving the rabbit a way to live. Come on, come on, as long as we press a handprint here, our debt will be written off! But after signing, Xi'er will be gone.

And the rabbit was reluctant to be happy, and he couldn't beat Huang Shiren for the time being, so he wanted to discuss with the landlord's family.

It is impossible to repay the money, and it is impossible to repay the money in this life. I can't do finance or anything, it's just digging a hole to maintain the way I live. Being a developing country is like going home, and the brothers in the third world countries are all talents, and they speak well, and they like TO very much!

It's just such a thing as digging a pit and pit eagle, and now the bald eagle is also proficient. has been pitted a few times, and it is already the rhythm of not seeing rabbits and not scattering eagles. So this time I wanted to invite the eagle into the pit, and the rabbit had to take out some small rabbits to put on the altar.

The negotiations are not going well, and the Americans, of course, hope that China will open its doors to the country immediately, and then the international hot money will flood in. After a few years, China spent all these 200 billion dollars, and everyone peeled off the rabbit skin to make gloves just like they did in 97 harvesting Southeast Asia.

If Tong Guangzhi's answer is not to agree, then everyone will be amazed and stared. The United States imposed trade sanctions, and China's economy collapsed.

But the Chinese threw out such a 15-year plan, but it made Hills and the old guys behind it feel that the Chinese are sincere. Yes, China's reluctance to carry out a 15-year plan has made the Americans feel that there is a drama in this matter.

Relations between countries are probably not much different from those of rural neighbors. If China believes that it is impossible to open up the financial sector, then simply refuse. The 15-year plan shows that there is talk of opening up the financial sector. As long as it can be discussed, it is a price code problem, and it is possible to solve it.

And China has indeed thrown its own asking price, and the premise of opening up the financial sector is that China becomes the founding country of TO. It not only demanded strong support from the United States, but also insisted on receiving universal treatment as a developing country.

Shears and the U.S. side bled up their spirits, and the two sides engaged in a fierce hand-to-hand fight over the specific treatment of China after joining the TO. The rhetoric was staged in turn, and the small conference room was in full swing.

"Since China wants to become the founding country of TO, it should shoulder the corresponding responsibility. Even developing countries will not be able to open up their financial sector in 15 years. The GATT negotiations on trade in services are now under way in the Paraguay Round, and this part of the outcome will certainly become the rule of the TO. Is it fair for other countries to come up with a fifteen-year timeline now?"

Miss Hills glared, and she almost slapped the table and pulled out an Italian cannon. Since China itself is not a member of the GATT and wants to become a founding member of the TO, it can be said that it will suffer a relatively loss because it cannot participate in the formulation of some rules inherited from the GATT to the TO. Seizing this, the attack of the US negotiating team was quite fierce.

"China is a developing country, especially since the market system has been established for a short time. We have put forward this 15-year plan with a pragmatic attitude. Tong Guangzhi let the spit on the other side spray his face, and said calmly: "Actually, I think this is very fair, since China did not participate in the GATT negotiations on trade in services, then we did not sign these agreements." Since China has not signed the treaty, it naturally has no power to regulate our side. ”

……

Ms. Hills realized that she had a difficult opponent, and Tong Guangzhi knew not only the rules of international trade, but also all the rules and regulations of the GATT. His thinking is very clear, and some idle language traps and negotiation skills are basically ineffective for him, while on the contrary, he can often use the rules of the GATT to refute the US side is speechless.

It is obvious that it will not work to subdue the Chinese side purely on the basis of theory and rules.

Realizing this, Ms. Hills immediately changed her negotiation strategy. Shift from vague theories and rules to specific policies.

"Your so-called fifteen-year plan has no sincerity at all. We will not tolerate the implementation of this plan, which began in 1995 and the opening up of the financial sector until 2010. ”

Tong Guangzhi simply retorted: "TO will not be established until 1995 at the earliest, and China will not become the founding country of TO, so why should we abide by the rules of TO?"

"We're talking about China and the U.S. opening up the financial sector to each other, and it has nothing to do with the TO organization. Unless the Chinese side can equally accept that the next two decades, from 1995 to 2010, will be used to implement the terms of this deal between China and the United States. ”

Tong Guangzhi frowned slightly, of course this is unacceptable. Wait 20 years to receive the technology introduction, transfer, and authorization of this Sino-US trade, and maybe better products and technologies can be brought out in China.

It seems that we can't help but come up with a little dry goods.

"Since we are talking about the issue between China and the United States, can I understand that this is not bound by the GATT rules? Can I think that American companies that are open to entering China in the financial sector are only bound by Chinese law, and China has no obligations under the GATT?"

The two "do I" questions immediately knocked Ms. Hills down. This Chinese is really difficult to deal with.

Taking advantage of this opportunity for the other party to retreat, Tong Guangzhi eased the atmosphere and showed a gentle smile.

"Before China joins the TO, presumably the US side should be concerned about policy risks, right? China is not a country that eats old times, but the two sides of the Pacific Ocean have been separated for 30 years, and it always takes some time to get acquainted with each other.

Tong Guangzhi may not have thought that his analogy was later turned up by some economists who advocated the G2 group, and used it as an argument that the top leaders of China and the United States had already shown signs of convergence. At the time, it was really just a way to lighten the mood.

"In fact, we can allow major U.S. banks to set up branches in a few open cities along China's coast, with operations ranging from foreign exchange to interbank lending and credit card issuance, as well as safe deposit box management, bill discounting, and collection and payment. ”

Ms. Hills still stubbornly shook her head at Tong Guangzhi's reluctance: "Tong, your level of openness is meaningless. You know, what we're asking for is the opening of the three areas of credit, securities and insurance. What you said is no different from what American financial companies can do in China. ”

"No, there are differences. ”

Tong Guangzhi said: "From now until 1995, if China can successfully become the founding country of TO, then I can guarantee that after joining TO, these American companies will have a huge first-mover advantage." As soon as China joins the TO, these enterprises can immediately obtain the qualification to set up a wholly-owned insurance subsidiary in China. You know, even if countries open up their financial markets, it's impossible not to regulate insurance companies. At that time, there will inevitably be a place for foreign-funded enterprises that can obtain China's insurance license. ”

"This ...... That's good news, but it's not enough. Hills still shook his head, but his tone was starting to waver.

"Of course, the credit business can also be discussed. Tong Guangzhi then added chips to the scale: "The Chinese government has pledged to purchase five billion dollars of cars in the United States, some of which will be used as official vehicles for the Chinese government." At this stage, U.S. banks entering China can start by operating auto consumer loans. ”

"This business is good, so when will Bank of America enter China's corporate credit space?" Shears grasped the key to the problem, and it was these two businesses that Wall Street was obsessed with. Corporate credit and securities investment are the weapons that suck blood.

Of course, a $5 billion auto consumer loan is also a good fat meat. According to the prevailing 30% down payment, the US bank will win this part, which is a big business of tens of billions of dollars.

When it comes to the core content, Tong Guangzhi has to start talking about him left and right.

"For the time being, U.S. banks can enter the credit field of Chinese foreign-funded enterprises first. ”

"......" Shears was speechless about this, and you made a good point. When a foreign-funded enterprise obtains a loan from a US bank, what else does it need from the Chinese government? Tong Guangzhi's remark really has the true essence of the technique of "saying what is equal to not saying it."

"Ahem—"

Tong Guangzhi cleared his throat and took out the rhetoric he had prepared a long time ago to start a counterattack.

"As the so-called reciprocity of rights and obligations, we have opened up so many financial businesses to the United States. So I think China has an obligation to urge the US side to carry out reform and opening up as soon as possible?"

"Huh?"

"We require that a wholly-owned subsidiary of a Chinese investment bank in the United States should have the same legal status and treatment as similar banks in the United States. The US side should earnestly ensure that Chinese capital entering the US will not be illegally discriminated against, excluded or suppressed. ”

Hills looked at Tong Guangzhi as if he were looking at a neurotic.