Chapter 299: Trillions
"Do you think our country can cope with this financial crisis?" said Xi learned a lot from Zhou Shi's conversation.
"This financial crisis has little to do with us, and although the country's closed financial system has many drawbacks, it is difficult for the external harm to affect the country. Zhou Shi replied with a reason that everyone knew.
"But the country's economic growth rate is falling rapidly, exports are likely to show negative growth, a large number of migrant workers return to their hometowns, and our economy is facing the risk of a hard landing. "Big Xi
"China is an export-oriented economy, and it is an inevitable consequence of facing this situation under the global financial crisis. Zhou Shi has seen a lot of these and just understands a little.
"Is it inevitable? If there's anything you can do to fix it?"
"I can only do what I can. Zhou Shi was a little nervous
"What did you do?"
"We have an Internet branding plan within Time, using the huge traffic resources of Time and Friends, selecting several excellent companies to cooperate, deeply participating in their operations, and using the power of social networks to promote some high-quality corporate brands!"
"???" the question mark on the face of the big man Xi.
For example, Huang Huainan, the former CEO of Friends.com, went to Yangcheng to cooperate with foreign trade enterprises in Guangdong Province to push their foreign trade tail orders to our website, and sold them in the mode of "brand-name discount + time-limited rush purchase + genuine product guarantee". Although it has only just started, the website now has more than a billion transactions. Zhou Shi and Huang Huainan have been communicating on the phone for a long time, and he is now using the model of Vipshop, the website is called Time Youpin, and he is also preparing to set up a company to use the model of NetEase Youpin to promote Internet brands, and the website is called Time Youpin. The latter has already contacted the Blue Dragon Fund, that is, Li Ying, and in the future, Li Ying will give priority to investing in enterprises that have a cooperative relationship with Time. As for Lehman's venture capital assets in China, he is negotiating with Lehman, and Zhou Shi is also ready to give it to Li Ying after getting it, after all, there are several high-quality assets in it, namely Friends.com, where to go and Sunac Huaxia's shares.
"Are you going to solve domestic problems through the Internet model?
"I think the Internet and mobile communications are the infrastructure of the future, and like companies like water, electricity and gas, it can be said that it is very important, or it can be said that it is not important, the key is to see how to use these infrastructures well. They can greatly improve the productivity of society and enterprises. For example, we sponsor ImageNet, an artificial intelligence research project at Stanford University, which is a large visual database for the study of visual recognition software. It would take 1 billion images to sift, classify, sort, and tag, and if the lab hired its own undergraduates to do it, it would cost $10 an hour, and it would take 90 years. But after partnering with Friends' turnkey platform, they have hired more than 60,000 people around the world to serve the project, and expect to have 15 million annotated images by early next year. This will give a huge boost to the development of artificial intelligence!"
"Artificial intelligence, make machines think like humans?"
"Well, almost, artificial intelligence is the study of robots, language recognition, image recognition, natural language processing and expert systems, etc., his application is very wide, in robots, economic and political decision-making, control systems, simulation systems can be applied, as far as I know, the US military is also working on an intelligent assistant, which can be controlled by voice communication, and can also answer some common sense questions like an encyclopedia, calculate some complex questions. It can also help them answer questions such as how many days from a certain day ten years ago is now, what happened, and so on. In the future, you can also remind him of some important time nodes, help him buy things, book tickets, play music, etc., and even control the household appliances at home in the future!" Zhou Shi
"So powerful?"
"That's the goal, and I don't know exactly how they're going. Time Lab has begun cutting-edge research in this area, but to achieve this level, the demand for mobile wireless network speed is very high, and the domestic Internet and mobile data network have a great limiting effect on us. "Zhou Shi
"I'm afraid it's not just the limit of network speed, right?" Boss Xi is not easy to fool, although he doesn't understand this technology, but he must know basic common sense.
"There are too many directions involved in artificial intelligence, this is a future technology, it will take about 5 years to really bring it to the market, and it will take 10 years for the initial maturity, and there will be hardware in between, such as high-performance CPUs and graphics processing units GPU!" Zhou Shi didn't care about his doubts.
"Hey, I've been led astray by you while I'm talking, what I want to ask is what do you think about how to deal with this financial crisis in China?"
"What can I think, if I am not in his position and do not seek his own government, is it the state going to introduce any policies?" Zhou Shi asked curiously.
"I have an idea, but I still have to listen to the opinions of all parties, and what you said is very valuable. "Big Xi
"Is the country going to open the floodgates?" Zhou Shi thought of the fact that the U.S. senator had recently approved an $850 billion investment plan to acquire distressed mortgage assets (i.e., subprime assets). The United States has also injected more than $1 trillion into the market by creating a consistent $300 billion mortgage insurance fund, providing billions of dollars in funding to homeowners and then cutting interest rates. Then the US dollar was forcibly depreciated, and the exchange rate of the soft sister currency against the US dollar has now appreciated from 8.2 all the way to 6.8, which has brought a greater blow to domestic foreign trade enterprises. Then the famous "four trillion # billion" was introduced in China, first of all, it shows that there is absolutely nothing wrong with the four trillion # billion water injection, the whole world is opening the floodgates to release water, if only Huaxia has the courage to assume the responsibility of the world, resolutely do not inject water into the market, let the soft sister currency appreciate, and let domestic enterprises go bankrupt because of cash flow problems, that is the saddest.
There is nothing wrong with "four trillion # billion" water injection, what is wrong is the direction of the entire "four trillion # billion" water injection. According to the plan, in addition to the post-disaster reconstruction (mainly real estate) of 1 trillion yuan, the largest investment is low-rent housing, shantytown renovation and other affordable housing (in fact, real estate), 400 billion yuan in this regard, rural hydropower, railways, highways and airports and other infrastructure construction investment of 520 billion. I don't know whether they borrowed from Keynesianism or Roosevelt's New Deal, and they invested wherever the false fire rose, and the negative impact did not end after ten years, and the domestic housing prices that never fell are the most obvious example. This is the cash experience of China that is "ahead" of other countries for a century, why does housing prices not fall? Why is real estate information not networked nationwide? Why is it forbidden to check people by house? Who loses the most except the bank? The answer is unknown!
"The country is ready to invest 40,000 # 100 million ......" As soon as Big Guy Xi spoke, Zhou Shi knew that the world was still the same world, and nothing had changed. No, what has changed is his strength, how could he have the ability and opportunity to meet with Big Guy Xi in his previous life.
"So is there any investment in industrial upgrading and transformation and the construction of infrastructure such as the Internet and mobile communications?" Zhou Shi couldn't help but ask.
(End of chapter)