Chapter 467 - Discussing the European Debt Crisis
Unless all the members of the Huaxia Entrepreneur Club join in the large-scale project of tens of billions of dollars and contribute money and efforts, it will still be difficult for a few people to succeed in partnership. It is difficult to unify everyone's opinions, at least Zhou Shi is willing to pay more than $30 billion to buy AIA, others may not be so, and many people are not impressed by this price.
Seeing that it was difficult to reach an agreement, there was no in-depth discussion on this topic, and as he spoke, he talked about the European debt crisis caused by Analysys International and Moody's.
"Hey, you can't be so wronged, the European debt crisis is caused by their own problems, Analysys International and Moody's have discovered this problem at most!" Zhou Shi hurriedly explained, causing a crisis in a country and region, which is a patent of Goldman Sachs. With the outbreak of the Greek debt crisis, more and more insider stories were exposed, and Goldman Sachs became the most representative figure among them, almost no means to make money, without any morality. In China, there has also been extensive coverage of Goldman Sachs' recruitment of second-generation figures, such as Liu Lao's daughter serving as an executive director of Goldman Sachs (Asia) to help Goldman Sachs in unfair competition in China. Goldman Sachs' remarks about raising pigs and pushing up domestic inflation have also been widely circulated in China under the deliberate influence of Zhou Shi and others. What's more important is that inflation has really begun, knowing that at the end of the year, pork prices continued to rise, with the price of live pigs exceeding 12 yuan/kg, and the price of white pork (market retail) in most places approaching 20 yuan/kg.
It's a pity that this is not very useful, for the wealthy class, it is more indicative of his ability, and perhaps he will trust Goldman Sachs more. As a result, a series of state-owned assets such as China Aviation Oil and State Reserve Copper have suffered serious losses in the international financial market, including the fact that Goldman Sachs and Wall Street Hollow God Paulson deceived investors. Finally, it has a huge negative impact at home and abroad. Someone took these results and pushed for an investigation into Goldman Sachs' fraud in the U.S. Congress and filed a lawsuit.
"Hahaha, let's talk about the impact of the European debt crisis on the country!" Ma Yuhua stood up and resolved the embarrassment for Zhou Shi.
By the beginning of December, the other two rating companies, Standard & Poor's and Fitch, had downgraded the credit ratings of the five European pig countries, including Greece, further exacerbating the spread of the crisis, and the country had foreign trade difficulties since '08, and a large number of migrant workers returned to their hometowns. The real economy is facing a huge test, but at this time, the country's four trillion actually has the effect of quantitative easing, and it has also exacerbated the real estate bubble. In the past 30 years of reform and opening up, the wealth of the people has been forcibly transferred, and the real estate and financial industries have absorbed a large amount of social wealth. It has created great difficulties for the development of the real economy and high-tech industries. These negative effects may not be removed in a decade, and high housing prices are like a dammed lake, dangerous but difficult to solve. Of course, many problems have not appeared now, and the Chinese economy has been upward, or simply put, development can cover up all problems, as long as China has maintained high-speed development, then housing prices are not a problem, once one day, the Chinese economy falls into stagflation, all the problems that have been covered up if not solved, will break out at that time. When was that time, Zhou Shi didn't know, anyway, it couldn't be a hundred years later, and he would always have a day to witness.
"Lenovo's days are going to be sad again, and our sales in Europe seem to be going to fall again!" Mr. Liu said pessimistically
"The West is not bright, the East is bright, promoting domestic demand is a top priority, Lenovo's sales in China will continue to improve, and profits may rise." "Zhou Shi
"Yes, we are down, and we won't collapse if we have Liu Lao in Lenovo!" someone flattered
"But the downturn in the European economy is still very unfavorable to our foreign trade exports"
"That's not necessarily, there is no money, high-quality and low-price Chinese goods are an indispensable rigid demand in Europe and the United States! If our companies can improve their quality and expand their own sales channels, they may not be able to beat Japanese and American brands. "Zhou Shi
"When you say that, I suddenly have confidence. "Elder Liu
"That's not how confidence comes from, and it's not something that everyone can seize when they have opportunities. Just like Huaxia is such a big market, not every European and American company that enters Huaxia can succeed. "Zhou Shi
"Lenovo is different, at least there is no problem in the domestic market. "Ma Yuhua
"To our current status and achievements, if Lenovo only wants to be the king in China, it is too childish, according to Lenovo's current talent reserve and development speed, Lenovo will become the first company in the PC market share in a few years. "Zhou Shi
"You're so optimistic about Lenovo?"
Lenovo has too many talents in the field of ICT (IT information and communication) in China, and changes in the market will cause the concentration of the industry, and the Lenovo brand has a high reputation in China, and it is easy to form a winner-takes-all situation. Other PC companies in China are more miserable!" Zhou Shi
"We said that the European debt crisis, how did we get to Lenovo" Ma Yuhua
"It's strange that Zhou Shi habitually changes the subject, and he often does this. "Maali
"I can't say anything else this time, does Analysys have any solution to the European debt crisis?"
"There are some, but it's hard to achieve, and there are some ways that are not the right time now"
"Oh, what do you say?" Ma Yuhua
"The current situation is that the five European pig countries will withdraw from the eurozone, their domestic economies will be hit hard, their national currencies will be issued, they will continue to depreciate, and their national wealth will be looted, which will be the beginning of disaster. In the event of a massive run on the euro in these countries, their banking systems could also collapse. Therefore, the five European pig countries can only be rescued by other countries. Zhou Shi recalled the information he saw at Analysys International and said!
"Then how to save it, Germany, France will not be so stupid!"
"They are not stupid, but they have no choice, or the euro is different. Either the European economy will fail completely, or it will have to be saved!"
"How to save it?" Ma Yuhua
"Quite simply, European economic integration, structural reforms, freer movement of goods and capital within the eurozone to eliminate imbalances between countries, preferably fiscal union, federal state. "Zhou Shi
"This is the best way, but it's a pity that it's ......," Ma Yuhua sighed
Unfortunately, it is not realistic in the short term, which means that the five European pig countries should significantly reduce their domestic wage levels, living standards and welfare levels to enhance their international competitiveness. Advantageous countries such as France and Germany, or countries with trade surpluses, should expand domestic demand, increase imports, and reduce trade surpluses. It can be said that China's long-term trade surplus is actually a kind of harm to the international economy, and the trade war between China and the United States may have been doomed from the beginning of the country's export economy.
"Yes, so Huaxia's opportunity has come!" Zhou Shi
"Hmm~~" When everyone heard this, they all looked at Zhou Shi, an opportunity? is indeed an opportunity, since the European debt crisis, hundreds of billions of euros in China have entered Europe, buying, buying, and sounding the clarion call for China's overseas expansion.
(End of chapter)