Chapter 299 - Right to Use Loans
The first shot of the China Shipbuilding Corporation to promote reform was fired in this way. A number of key leaders of the company's headquarters and subordinate shipyards were placed under house arrest in Japan, and a nominal "Shipbuilding Industry Friendship Association" was formed. In fact, they were exiled for a year for the reason that they had all their passports detained and were "studied" at an affiliated company of Ishikawashima Harima Heavy Industries.
Of course, they are all their own comrades, and it doesn't mean that they just give up. In this year, if some people can change their thinking, put down their burdens, really learn Japanese technology seriously, and understand the original intention of the head office's arrangement, they will not have the opportunity to re-enter the leadership position in the future. Or rather, if they really take advantage of this year's learning opportunities, there will be opportunities for them to get back on the stage and achieve more in the next ten years.
But in any case, the top management of China Shipbuilding Corporation took advantage of this shareholder wind to simultaneously set off a drastic reform in China. A group of young and knowledgeable low-level highly educated workers took up leadership positions ahead of schedule, some engineers with aging knowledge structures were successively arranged to come to Japan for exchange and study, and one-third of the positions of the middle-level leaders of the headquarters were replaced, some of them were enriched to the departments of guilds and veteran cadres, and the other part was simply thrown into the tertiary industry departments that were about to be separated.
According to the meaning of the senior management of China Shipbuilding Corporation, they didn't want to be so ruthless. There are many "idle posts" within the CSSC, and most of them have always been used to arrange these leading cadres who need to be eliminated. But after Hu Wenhai heard Chai Lao's plan by chance, he reacted quite strongly and threw these people out of the propaganda and education mouth.
CSSC has quite a wealth of propaganda and educational resources, with its own television station, newspapers and magazines, and various educational resources from secondary schools, junior colleges to universities. These positions belong to the marginal area of CSSC, and in the past, they were often used to place middle and high-level people who "pension" and "pension in advance".
However, Hu Wenhai insisted that these people could not be placed in these positions again, and even asked with interest whether the propaganda agency of CSSC had the resources and authority to face the society. After learning that it's not entirely impossible. His interest was noticeably greater.
However, these are all inconspicuous small waves, and the real big thing is that China Shipbuilding Corporation is really with jaw-dropping courage, the first to promote the "labor dispatch" system in China.
This dynasty really set off a monstrous wave in the tide of reform in China.
Of course, this also made Hu Wenhai a little dumbfounded. Although he began to promote the labor dispatch system in Xiucheng in order to show the way for the reform of domestic state-owned enterprises, he never imagined that he would see a different process from history so quickly.
CSSC dared to promote labor dispatch in the political climate of the eighties. It really shocked him at Chai Lao's courage and discernment.
Even if he doesn't have much time left in his own political life, such a determination is not so easy to make, after all, at his stage and level, he will cherish his feathers even more.
But on the other hand, history is really here because of Hu Wenhai, a completely different scenery.
It is different from the F-14 entering China, different from the advent of the little blue pill, and different from these achievements made by Xinke. This is the reform of state-owned enterprises and the initiative to promote political change, which is something that Hu Wenhai has never thought about.
This is the first time that Hu Wenhai has taken the initiative to promote China's political process. While he's had enough firsts and there will be more to come, it still excites him. Because although it is only a labor dispatch reform, it means that he does not need to wait passively, and China's upper echelons are not inviolable.
In his mind, the purpose of these efforts he had made before was to make achievements in Xiucheng first, and then he could have a reference when the above decided what policies to promote. It's good to have an inspiration and a ready-made success experience. The initiative is on top. And not in his hands.
For example, labor dispatch will not become important until the end of the 90s when the state-owned enterprise reform is almost sold out, and the state breathes a sigh of relief and intends to manage the little land it has in hand. At that time, the experience of Xiucheng is a ready-made prescription, and the surviving state-owned enterprises will catch the medicine according to the prescription.
But I didn't expect that China Shipbuilding Corporation would have such great determination and courage. Dare to press this shop in the mid-eighties.
Promoting changes in China's politics is a "great achievement" that Hu Wenhai never thought of.
Not only did Hu Wenhai not expect it, but the major shipyards under the China Shipbuilding Corporation did not expect it, and almost everyone in the whole society did not expect that the original workers' "iron rice bowl" could still play like this.
Time. Workers in almost all of society are at risk.
There is a lot of talk in the newspapers about labor dispatch, and no, or should I say that the vast majority of the media are criticizing this policy.
Today it is the workers of the shipyard, and who knows if tomorrow all the workers of state-owned enterprises will have to face this possibility. Wouldn't the workers who were originally the "masters" of the factory, the workers who were originally the "iron rice bowls", rise to a precarious situation under the banner of labor dispatch?
In this boiling discussion, a series of other reforms of CSSC were finally quietly promoted. The implementation of the factory director responsibility system, the change of the salary structure, the change of the leadership appointment process, and of course, the "black circulation" that is quietly advancing steadily.
"Until the 80s, the Japanese had a plan to promote the black circulation. They should also understand that such a long-term trade surplus with China is ultimately not the most beneficial way to trade for both sides. Aside from making a quick buck, it doesn't do much good for the sustainability of trade between the two countries. In order to seize this opportunity period, as early as last year, there were voices in the Japanese government proposing a plan for the circulation of black letters......"
Hu Wenhai forcibly suppressed the complicated emotions in his heart and quietly listened to the eloquent talk of the deputy director of the Economic Commission in front of him. As a Northeasterner, a Northeasterner who worked in the eighties and nineties, I am afraid that few people will not know the person in front of him.
As for the right and wrong of history, it should not be commented on by the contemporaries, but can only be left to future generations at least one or two hundred years later to look at it calmly.
It's not wrong that history is a little girl who dresses up at will, but no matter how you apply grease and powder when you are a child, you will grow up after all. When you grow up, you can look back at the past growth experience, so that you can absorb enough nutrients and mature in the process of growing up.
Or back to the present. The so-called "black circulation" is a plan introduced by the Japanese in the 80s. The aim is to make Japan's trade "black" -- the trade deficit is a deficit, and the trade surplus is a black word, so that a large foreign trade surplus can return to the trade deficit countries through the "circulation."
Needless to say, in the eighties and nineties Japan had a serious surplus with China. In other words, China has a serious deficit with Japan.
Of course not, Japan's black-letter circulation returns trade surpluses to deficit countries in the form of loans, and this is often accompanied by strict terms. One of the most important terms is that these loans must purchase products produced by Japanese companies.
It is precisely with such conditions that the black circulation has greatly promoted the market development of Japanese products in China, a large number of Japanese capital has entered China, and a large number of Japanese companies have greatly consolidated their market position in China with this plan. It is often European and American companies that are better than Japan in terms of technology and after-sales service, but they have taken the Chinese projects of black circulation. In the bidding meeting for the purchase of equipment, only Japanese companies can bid, and enterprises with more advanced technology such as Europe and the United States are all excluded.
Of course, we cannot say without conscience that this is a "conspiracy" of the Japanese or that there are "traitors" who have betrayed the country. In essence, the black circulation has indeed promoted the development and progress of the Chinese market and saved the hungry capital in the process of China's reform. No matter how harsh the conditions are, no one will force anyone to borrow this money with a gun.
Essentially, this is an acceptable option. The annual loans of hundreds of billions of yen have indeed accelerated the process of China's reform and opening up.
It's just that there is a small part of this money. It's just used to "pay for tuition".
"At the moment, it seems that although this loan cannot be considered part of the black circulation. But there are great similarities between the two projects. One billion dollars pledged one trillion yen, which is equivalent to a four- to five-fold increase in the current market value. Normally, it would not be possible for a bank to do this. Of course, if there is a sovereign guarantee of a country, in fact, it can be loaned out without collateral. But then the nature is different, there is no mortgage. Perhaps we will have to pay some loss of political power, and I think this is a good idea to take private loans as the main body. At the same time, this loan is also required to be used for procurement to Japan, but at present, it seems that the procurement power is firmly in our hands, and this model is worth learning from......"
The most criticized point of the black character circulation lies in this, taking people short. Only Japanese companies bid, and people surround a bid behind their backs, and the bidder can only pinch his nose and admit how many numbers he reports. Although the trillion-yen loan promoted by Hu Wenhai this time will also be used for procurement from Japan, in the shipbuilding industry, Japan has the motivation to support China and "join forces with China to resist South Korea," and this initiative is in China's hands. At the same time, because the purpose of this money is clear, it has attracted the attention of several top Japanese consortia, and the interests are huge, and it is difficult to cause bid-rigging results under the multi-party game.
Hu Wenhai believes that with his demonstration, the Japanese will officially propose the black-letter circulation plan next year, and China should not have to pay so much tuition as it did in history.
"To sum up, I think this plan is acceptable. The only thing that needs to be discussed is how the money is spent......"
Hu Wenhai lowered his head and pondered for a moment, raised his head to look at the deputy director of the Economic Commission, and nodded calmly.
With the promotion of Mitsubishi and Mitsui consortia, and there have always been voices in the Japanese government such as black circulation, as long as the country is willing to provide guarantees for this loan, this trillion yen loan is not too difficult. The real difficulty is not how to get the money, but how to spend it.
The China Shipbuilding Corporation dared to cut off the rotten parts of its body with a big axe, and dared to push forward labor dispatch and a series of reforms in the face of the world's condemnation. On the contrary, domestic officials may have a lack of common sense or bureaucratic habits, but how can they be stupid?
The purpose of this series of actions made by the China Shipbuilding Corporation is actually very simple, that is, it hopes to grasp the right to use this trillion yen.
At present, the reform courage shown by the China Shipbuilding Corporation is, to put it bluntly, nothing more than a certificate of nomination, and a ticket to prove that it is qualified to use this money.
Hu Wenhai will definitely be counted as a vote for those who can express their opinions on the whereabouts of this money, the State Economic Commission, the Planning Commission, and the Central Bank. These affirmations that provide policies and guarantees can also be counted as a vote. Other departments in the ****** are all to be eyed by, after the reform of the Ministry of Shipbuilding, at most a central enterprise, the right to speak is greatly reduced.
Although the China Shipbuilding Corporation will definitely be able to share a piece of meat, it will be more than a trillion yen. A fluctuation of 1% is enough for a year.
For this money, the China Shipbuilding Corporation can be regarded as rushing to the front. When Hu Wenhai came here, how to use the money was also something that had to be put on the table.
At the same time, it is also a critical moment for whether the "embroidery city model" can be promoted.
"In terms of the use of money, if we can ensure that most of it can be used for the upgrading of China's shipbuilding industry......"
Hu Wenhai let out a sigh of relief, "Then I can obey the country's arrangement, but I have one more requirement, that is, there is a project first and then it will be introduced." It is not only necessary to introduce equipment. It is also necessary to introduce technology and management. β
Hu Wenhai's purpose is very simple, and the method has not changed, it is still the idea of playing the project pull.
The trillion yen loan is earmarked for internal digestion in the shipbuilding industry, otherwise Mitsubishi and Mitsui would not have been so actively promoted. Trillion yen doesn't seem like a lot, but there is still a lot to do to comprehensively upgrade China's shipbuilding capacity.
It is impossible to sprinkle this money like peppercorns, and you and I will wipe it out in the ship system. After all, the shipbuilding industry is not just a shipyard, just like the Bohai Shipyard, which itself has a large scale. But in order to support such a shipyard, it is surrounded by a city of enterprises supporting it.
Marine valves, marine instruments, marine plates, marine glass, marine paints, marine engines, marine pipes......
Millions of parts on one ship. It's the whole heavy industry system that is involved. It is impossible for shipyards to produce all these parts, most of them are purchased within the system, and they are more of an assembly role. If we want to share 1 trillion yen in the row, it will not only be possible to divide it not only for shipyards, but also for upstream and downstream enterprises and affiliated enterprises, which is equivalent to upgrading China's entire heavy industry system. A trillion yen thrown into it will not even make a splash.
Therefore, this trillion yen can only be allocated and upgraded. Who's the point, ahem, isn't it just who has the project?
At present, in whose hands are all the domestic shipbuilding projects in their hands? Naturally, it is in the hands of Hu Wenhai, who has already signed the intention to sign.
To put it bluntly, Hu Wenhai's request was translated. That is to say, to whom I give the project, the state can issue loans to which shipyard.
If you don't meet the requirements and can't get the shipyard of my project, then go and watch others get rich!
The other side frowned unexpectedly, the meaning of Hu Wenhai's words is not vague, as long as people have a clear understanding of the current situation, they can taste the taste. In doing so, although he left room for manipulation above, it was much more troublesome to do. If you want to plan this money like allocating your own funds, you can't avoid Hu Wenhai no matter what. This is something that the Economic Commission or the central bank is not willing to accept.
"I need to communicate with the country about this request......
"I understand that. Hu Wenhai nodded with a smile, as if he didn't care, and said: "But after all, I want to pay back this money, and I hope the country can still give me a little thin noodles." β
"What does Mr. Hu mean that the money will be repaid by Xinke?" the other side listened to his words, but showed a rare look of surprise.
"Of course. Hu Wenhai said as a matter of course: "This money is at least nominally borrowed in the name of Xinke Company, unless I, the debtor, run away, who else can repay this money?"
"Thisβ"
The person opposite Hu Wenhai showed a tangled and happy look, and he didn't know what expression and mood to use to face this matter for a while.
In the original expectation, since the central government wanted to take the trillion yen loan that Hu Wenhai made, the central government was of course responsible for repaying the money in the end. Of course, Hu Wenhai did a great thing, but no one thought that he could carry this matter down. In the end, I am afraid that it is the same as the F-14 entering China, with a layer of folk skin on the surface, but in fact, it is just a white glove on the official face.
But the person opposite Hu Wenhai didn't expect it, or everyone else didn't expect it, that he never thought that the state would organize the repayment of this money?
This is a loan of 1 trillion yen, which can be repaid by one person -- in fact, it is not right, if you want to repay the money, Hu Wenhai really has the ability. Don't say anything else. The little blue pill is already on the market this year. The feedback from the U.S. market, and even the world's market, to the little blue pill has simply shattered both Grumman and China's glasses.
Grumman, a well-known arms company, has even begun to consider whether to really switch careers to the biopharmaceutical industry.
Historically, Pfizer has spent between $5 and $1 billion a year on new drug development, before the invention of the little blue pill. After that, Pfizer tasted the sweetness, and the annual expenditure on research and development was more than one billion. In the twenty-first century. Pfizer invests at least $5 billion a year in the development of new drugs, and no other company in the world can match its R&D investment in biopharmaceuticals.
Historically, until Pfizer hit the cash cow of the little blue pill, it invested at least $10 billion in R&D spending. The little blue pill provides Pfizer with at least hundreds of billions of dollars in market value growth during the patent period.
Even with such a large investment, the profit is still ten or a hundred times the scale.
But unlike the historical Pfizer pharmaceutical, Grumman is equivalent to "picking up" the cash cow of the little blue pill. Its investment is nothing more than the acquisition of distribution channels and pharmaceutical companies, the organization of production and the opening of listing channels, and then they can sit and wait for the sky to fall gold. Gee. It's not even uncommon for Grimman to drop gold from the sky now, how can gold be worth as little blue pills?
In 1985, the US dollar was about 10 US dollars for 1g of gold, and 200 US dollars was enough for 20g of gold. The effective dose of the blue pill is in mg......
Since April 1986, when the FDA approved the marketing of the little blue pill at the fastest speed in history, in just half a year, excluding the "insignificant" promotion expenses and production and sales expenses, the little blue pill has brought at least $2.6 billion in revenue to Grumman.
What? Is this a lot of money? Wrong, very wrong! In the beginning, the price of the little blue pill was two hundred dollars. Flat price, no two prices!
That's definitely a lot of money, isn't it? What is the price of such a price? China later introduced a small blue pill, and one pill is also at the level of more than 100 yuan, can a man say no on this issue?
The sales of 2.6 billion US dollars are only 13 million pills, and the key blue pill is not to take it for a lifetime, but to take one pill at a time!
Thirteen million are too few. There are more than 200 million people in the United States. Is there any unspeakable hidden thing that doesn't want to have one, which man doesn't want to last a little longer, strong and a little stronger. It's like a woman is forever missing a piece of clothing in her wardrobe, and a man ......
Ahem, anyway, anyway, in short, probably, almost, about touching, inexplicable. As soon as the little blue pill was launched, it set off a frenzy in the United States, Europe, and even the world. Thirteen million pills are not enough for Americans to share by themselves, and it is simply difficult to find a drug in US dollars.
Those who thought the business was too risky and gave too many benefits to the Chinese side have now all shut up. The future market of the little blue pill can be said to be displayed in front of Grumman at a glance. As for the blackout of Hu Wenhai's patent fees, those who dare to make this proposal will not survive for a second in Grumman.
The black-hearted communist spy arms dealer dares to let all those with crooked minds taste the taste of making a dirt plane -- pay tribute to the great sage Dupont!
The benefits involved in the little blue pill are too great, and everyone can see this.
Grumman dared to default on patent fees on the front foot, and a team of lawyers helped Hu Wenhai recover the patent grant, and then licensed it to other foundations with more background than Grumman.
The worst case scenario is that it can muddy the waters, making the ownership of this patent unclear. And then with the "controversial" hat, it doesn't matter if 3721 is produced first and sold.
The reason why this is not happening now is because the ownership of the little blue pill patent is quite clear and unambiguous, and Grumman can't find fault with the performance of the contract at all.
If it is white, flies can't bite the eggs that are not sewn, but when the eggs are sewn, flies from all over the world will come around.
Therefore, Grumman will never delay Hu Wenhai's patent fee of $1 billion a year, and Grumman will take the initiative to safeguard the validity of his patent even more than Hu Wenhai! With such an income in hand, Hu Wenhai can really afford to repay the "meas" trillion yen.
But of course, this does not mean that when the loan expires, Hu Wenhai will have to use his own money to fill the hole - even if Hu Wenhai has such a high style. The state will never allow him to do so. At least on the bright side, there is no reason for the state to pay back privately. If this example is erected, the credibility and face of the Chinese government will be lost. If you dare to do this once, you will dare to do this ten or a hundred times in the future, and China will not need to carry out any reforms, and no one will dare to make money and make a fortune.
In addition to ****** coming to power, he used the surging public opinion to fight the oligarchs. No P5 dares to do this, and credibility is the foundation of governing the country.
The so-called Hu Wenhai repaying the money himself is to take the state out of the entire process of the loan. In a normal model, since the state is in charge of issuing money, it will naturally have to take care of the payment. The trillion yen is scattered, and after the expiration of the shipyard, the money is returned to the state, and the state is then handed back to the bank group formed by the Japanese consortium, which is a normal black-letter circulation procedure.
As for whether the shipyard has the ability to repay the loan when the loan expires, this risk is not small. China is in this state now. It's all too normal to pay the tuition. The factory director paid the tuition, the section chief paid another tuition, and the director of the headquarters had to pay the tuition. You can't complain yet, after all, paying tuition at least means that people are doing things, right?
Therefore, when the loan expires and the state recovers the loan from the shipyard, there may be a bad debt of several tens of percent, or even a simple merger or cancellation of the unit, which will become a bad debt. There's nowhere to talk about that.
At this time, the state will have to shoulder this account. I paid out of my own pocket to make up for this part and return it to the Japanese bank syndicate.
What Hu Wenhai meant was that I would not be responsible for the state when I returned the money, and that I would carry the bad debts, bad debts, and bad debts myself! Although the loss may not be as big as 1 trillion yuan, it is not surprising that there will definitely be a hole of 180 million yuan, and it is not surprising that this hole simply eats up the $1 billion he has mortgaged.
Hu Wenhai took part of the risk at the cost of taking part of the risk. The right to appoint most of the loans really touched the mind of the deputy director of the Economic Commission.
In the final analysis, the money will still have to be distributed by the state, and the money that will flow to the shipbuilding industry will of course be at Hu Wenhai's behalf, but the money that flows to other places will have a lot of room for maneuver. Past that program. The shipyard pays a tuition fee and embezzles a part of it, and the state finally has to pay off the debt, and the beneficiary who intercepts the misappropriation may not remember the good of the people above.
As for this plan, the use of the money is in Hu Wenhai's hands, and in the end, it is the new technology company that will repay the money. Although most of the money cannot be decided, after all, a sum of money can be used to do something that cannot be done without money before. The unit that took the money is equivalent to being pulled out of Hu Wenhai's mouth for them above, so they naturally have to be grateful to Dade.
This deal, not a loss.
In fact, there are two choices, the probability of loss of large risks is quite large, and the basic profit of small risks can make a profit.
Hu Wenhai is also confident that the shipyard's arrears cannot be collected, and that is the state! If he is responsible for the distribution of this loan, how can any shipbuilder dare not repay the money? His plan is also simple, isn't there a huge general section shipbuilding law!
In the early stage, he was ready to roll out the main section of the factory, at most, the four time-honored brands of Dagang, Bochuan, Jiangnan and Hudong can serve as the task of the general section factory. Other shipyards, that is, the location of a sectional plant for the time being.
To put it bluntly, do you dare to owe money to the main section factory? The state may not be able to come up with this money, but the head section factory can definitely get it out. What's more, Hu Wenhai's loan must depend on the effect of the reform and transformation of your shipyard. Assess your profitability and management level, technical level, assets and capital structure, and we will do everything according to business. It is impossible to have so much room for human favor and power manipulation like the state, let alone consider inexplicable reasons such as a bowl of water.
On the issue of turning his face and not recognizing people, Hu Wenhai definitely has no psychological burden.
"If ST can complete the final repayment independently, then I think this condition is not impossible......
In a rather tangled tone, the deputy director of the Economic Commission reluctantly said what Hu Wenhai wanted to hear the most. To be honest, he thinks that this business has been profitable, and one billion dollars will be leveraged into a trillion yen loan, and in the end, there will be a hole in bad debts, and the capital will have been earned back long ago.
The black circulation is generally medium and long-term loans, and if everything goes well with this trillion-dollar loan, Hu Wenhai will definitely insist on getting a repayment period of more than five years, and it will be delayed until Japan's economic bubble bursts in the 90s. When the time comes, how much money will not be able to repay if you sell some Japanese company stocks or real estate short? This loan is clearly just like picking up.
Hu Wenhai's eyes lit up, and he simply stretched out his hand: "Then I will wait for Director Zhu's good news." β
The deputy director of the Economic Commission nodded and stretched out his hand: "But I also have to remind Mr. Hu that the premise of getting the loan and allocating the loan is that the new technology company and Dagang Shipyard can get enough orders at this order meeting." β
β¦β¦
Lee Jae-yong's eyes lit up, he looked at the managers of the other four Korean heavy industries waiting around him, and asked in a deep voice.
"Ladies and gentlemen, are you all ready to break the Japanese blockade in one fell swoop?"
"Manager Li can rest assured that our Samsung has done its best this time!"
"We Daewoo are also ready, this time is a rare big deal!"
"Halla has been shipwrecked, and I believe that Manager Li will not let us down. β
"Although Han Jin's strength is weak, he will not be willing to be left behind. β
"Good!" Li Zaiyong slapped a stack of documents on the table and laughed sharply: "Then we will let the Chinese know and know that this international shipbuilding industry is not something they can come to if they want to!"
"Yes, give them a lesson they will never forget!"
The Koreans in the audience nodded in unison, their eyes full of confidence and a sinister glow. (To be continued.) )