Chapter 7 You can attack jade
The Tata China joint venture factory in India's Sanand Industrial Park is about to open, and the first phase of the joint venture project was completed in 18 months under the impetus of India's powerful politician Modi, known as the speed of the Indian Ocean cyclone, which has led to the official landing of a production line with a production scale of 600,000 motorcycles and a CKD assembly of 30,000 vehicles.
The backbone of the joint venture factory recruited in India has come to Jiangzhou for training, and they will bring the management experience of Zhonghua Group back to India in the future.
As the largest Sino-Indian joint venture project, Tata's China joint venture plant has received great attention from both the Chinese and Indian governments.
In order to cooperate with the Prime Minister's invitation to visit India in December, the Tata China Project deliberately postponed its opening time, waiting for the two Prime Ministers to cut the ribbon for it, so as to demonstrate the good situation of "win-win situation for the dragon and elephant".
Needless to say, Han Hao will of course accompany the prime minister on his foreign visit as a representative of the business community. It is reported that more than 400 business people will visit India this time, and it is expected that a cooperation agreement of more than 10 billion US dollars will be reached.
Before the visit, in order to facilitate his wife's return to school to open the thesis, Han Hao flew to the capital with Chen Lingxi.
Knowing that Han Hao came to Beijing, his mentor Hu Yiming specially entertained the two newlyweds in the form of a family banquet, which was regarded as a return gift for the banquet in Jiangzhou.
At Hu Yiming's house, Han Hao and him started a conversation again, and the topic was obviously much more in-depth and touched on many in-depth discussions.
"I already know what the fourth wave of dividends you are talking about, and the capital is the dividends that I can control in the future!"
At the beginning in Jiangzhou, Hu Yiming threw the question of the fourth wave of dividends to Han Hao to think about himself, and now it is time to read the papers.
"You're smart, capital is really what I think is the fourth wave of dividends. After looking at what you've done lately, I know you have the answer. β
When Han Hao set up an investment fund, Hu Yiming knew that his question had an answer.
With the answer of capital as a premise, Hu Yiming's discussion today will be much more in-depth.
"Then tell me again, what kind of country does our country belong to?"
From a teaching background, Hu Yiming likes the enlightening teaching mode, he looked at his proud protΓ©gΓ© and asked with a smile.
"Socialist country?"
Such a simple question, Han Hao was a little unsure of the answer.
"That's right, but there are still questions that haven't been answered correctly, combined with the fourth bonus you just talked about, think about it again. β
Picking up the teacup and taking a sip, Hu Yiming continued to speak patiently.
"A socialist country with a market economy with Chinese characteristics?"
Han Hao hesitantly gave the second answer, he found that Hu Yiming's expression had not changed, and it was estimated that this answer still could not satisfy him.
"Judging from the proportion of our country's state-owned economy and the strength of the state's control over the lifeline of the economy, we should now belong to a state capitalist society!"
Unlike the last time, Hu Yiming directly gave an answer that surprised Han Hao.
"State capitalist society" is very different from my own perception of it, after all, Chinese characteristics can explain many problems.
"Capitalism and socialism are not in opposition to each other, and pitting them against each other is an inherent idea of the Cold War mentality. Capitalist countries can also introduce socialism, just like in the United States in the 30s, when the Great Depression in the United States was in the 30s, Roosevelt's New Deal put many ideas and propositions of socialism into practice, opening the door for state intervention in the free market economy.
In the same way, our socialist countries can adopt the idea of capitalism, so that resources can be more rationally distributed throughout society. Nowadays, if you want to do something, you must always have money in your hands. Even if a country is as big as it is to realize its own governance initiatives, it needs to have money in its treasury pocket.
When we introduced a market economy, we were in fact acknowledging that capital plays a key role in the country's economy. β
Hu Yiming simply explained to Han Hao where his conclusion came from, and he actually had a deeper meaning.
"Our country's banking and financial industry is almost 100% controlled by the state, and PetroChina, Sinopec and the State Grid monopolize the country's basic energy, not to mention railways, highways, airports and terminals, all of which are controlled by state-owned capital.
Therefore, in our country, in fact, the right to speak economically is firmly in the hands of state-owned capital.
China Construction Bank, which was listed in Hong Kong not long ago, raised more than 70 billion yuan, with an overall market value of nearly 500 billion yuan. The 70 billion funds raised alone will almost buy your Zhonghua Group. How about it, have you seen the power of China's state-owned capital?"
After saying a few words, Han Hao understood a few points, although he has always been called the richest man in the mainland, he is not worth mentioning in front of the national capital.
"What do you think of the current Japan-A economy?"
Without waiting for Han Hao to react, Hu Yiming threw out another somewhat irrelevant question.
Fortunately, Han Hao usually pays attention to the international economic situation and knows what problems are encountered by the economic powers of his neighbors today.
"After the Hiroshima Agreement, Japan's economy was in a huge bubble, and now it is going through a lost decade, and the domestic GDP has been stagnant. β
Although Japan's GDP has been in the second place in the world, it is almost in the predicament of zero growth, and at this rate of development, it is likely to be replaced by Germany, the third oldest, not to mention China, which has rushed to the fifth place in the world in 2005, is likely to catch up.
"You're right, that's what most people know. However, there is one statistic that everyone has intentionally or unintentionally overlooked, that is, the overseas investment of Japanese companies is not included in the domestic GDP consideration. In the case of the country's GDP growth, the income from Japanese overseas investment has been growing at a rate of 3% every year, and in fact, in the lost 10 years, Japanese companies have rebuilt a Japanese economy overseas.
According to incomplete statistics, the total investment of Japanese capital overseas has exceeded the amount of GDP of the country in that year, and this figure is further increasing.
Therefore, even if the domestic GDP does not grow, the livelihood of ordinary Japanese people will not be affected, because the domestic economy will continue to be supported by overseas revenue. β
Today is really a day when Han Hao's three views have been greatly transformed, and Hu Yiming's answers to the two major questions are beyond his cognition.
The influence of Japanese companies does not need to be explained, as can be seen from the Japanese brand billboards scattered all over the World Cup and Olympic Games. In the fields of automobiles, machinery and electronics, Japanese products are the strongest in the competition. Among them, the most successful is the Japanese automobile, whether it is in North America, the world's largest market, or in China, the most potential market, Japanese brands have shown unshakable influence.
Before he came back to his senses, Hu Yiming asked a third question.
"When it comes to China's most well-known and successful entrepreneurs, before you, you must have heard of the saying 'North Rong Nan Huo'. Do you know why the two of them are called the biggest red capitalists in China? What do they have in common, and why can we accommodate private capitalists in a country like ours where state capital dominates?"
The three questions were somewhat unrelated, but Hu Yiming took the trouble to ask Han Hao.
"Beirong" is naturally the Rong family that has been at the forefront of the tide before the rise of Han Hao, while "Nan Huo" is the Hong Kong Huo family who enjoys vice-national political treatment on the other side. The reason why the Rong family is in the first place is because the old man of the Rong family has received the courtesy of a high-ranking official for the first time, and as the nominal deputy of the country, he has achieved the pinnacle existence that an entrepreneur can reach.
"All of them helped the country's development with practical actions with patriotic hearts when the country was in the most difficult time. To a certain extent, they are actually the shadow of the state, doing the affairs of the state in their own name.
On some occasions, the state does not directly intervene, but changes the personal platform, and the matter is easier to succeed.
When China was blockaded by the United States and the Soviet Union, Hong Kong was the only window to the outside world, and the Huo family contributed a lot to it. As for the Rong family, in response to the state's call for public-private partnership in the early days of the founding of the People's Republic of China, it became the representative of the domestic industrial and commercial circles; after the reform and opening up, it took the lead in becoming a bridge between Chinese mainland and overseas capital, and made significant contributions to attracting investment.
To be honest, compared to the two predecessors, I really don't mention it. β
The answer to the third question made Hu Yiming's face show a look of approval, and Han Hao's performance made him very satisfied.
"A person's achievements, in addition to his personal efforts, also depend on the background of the development of the times. The honor of the Ronghuo family is inseparable from the historical process at that time, and you don't have to be arrogant.
On the other hand, it also shows that each historical stage will have different challenges. Times are evolving, and so are challenges. With China's comprehensive reform and opening up, the Ronghuo family has completed their historical task, and now it is the turn of a new generation of talents like you to take over their torch and continue to move forward.
What you can do, they may not be able to do, and that's one of the reasons why you can stand out from the crowd of entrepreneurs. β
These words are very straightforward, and they have already stated Han Hao's intention as the successor of the red capitalists.
"The three questions I asked you just now are actually interrelated factors, and if you think about it, you can understand the relationship between the three and you.
Our country has now formed a world factory, has a huge production capacity, and has a strong impulse to expand externally when meeting domestic demand.
The wave of layoffs in the past few years has disappeared without a trace with us as the world's factory, and it can be said that today's China is more integrated into the world than ever before. Economic stability and security have risen to the level of national strategy, and we can no longer afford the shock wave of tens of millions of layoffs.
In order to ensure economic security, exporting capital and production capacity to foreign countries will be the only way for China's economic development.
With the support of state capitalism, you, as a representative of private capital, actually assume the responsibility of exporting state capital to a certain extent.
The Rong family and the Huo family were samples at the beginning of the founding of the People's Republic of China and the beginning of reform and opening up, and now that the reform and opening up has entered a new stage, you and Zhonghua Group will assume the responsibility of exploring the new era.
In the future, maybe we will be able to create a new China overseas, both small China and big China!"
Hu Yiming's words are still covered by three clouds and mist, and he said it quite clearly but with reservations.
At this time, Han Hao understood his teacher's guidance.
Why did you suddenly get strong support from the state when you went out to invest abroad, why did you get unhindered investment in China, and why did you get a lot of support in terms of political status!
In a word, after the predecessors served as pioneers in the introduction of foreign capital to develop the domestic economy, it is their turn to act as a pathfinder for increasingly powerful Chinese capital to go abroad and enter the world.