On the morning of the next day, Mr. Deng attended the ribbon-cutting ceremony for the inauguration of the Fei Hung Building, and when he shook hands with Lin Yuhao, he once again said that the central government's policy on the introduction of foreign capital, especially Hong Kong capital, is "welcome investment and come and go freely".

Later, Mr. Deng held a forum with representatives of some Hong Kong businessmen who had invested in the Special Administrative Region at the conference hall of the Lam Hotel Group. In a firm tone, he said that the central government's decision to take back Hong Kong in 1997 was beyond doubt. The central government is willing to listen to the demands of Hong Kong compatriots, adopt "one country, two systems", and maintain Hong Kong's current system "unwaveringly" for 50 years!

Finally, Deng Lao also climbed to the top floor of the Feihong Building, overlooking the Luohu New Town, which is under construction. The old man looked at the surrounding more than 60 high-rise buildings with more than 18 floors under construction, and there were long giant arms stretched out by cranes everywhere, a busy scene. He couldn't help but say: "I can see everything I should see clearly, and the impression I have of the Deep Sea Special Zone is that it is a prosperous area!"

In the afternoon, Deng Lao came to Shekou Industrial Zone and visited RCA Asia Picture Tube Company, which was in intensive production. As the chairman of the Oriental Group and the owner of RCA, Li Xuan was personally responsible for accompanying Deng Lao on the visit. This is also the first time that Deng Lao officially met Li Xuan after arriving in Shenzhen.

Subsequently, the relevant comrades of Shekou Industrial Zone made a work report to Deng Lao, and Li Xuan did not go to join in the fun. In this report, the slogan of "time is money, efficiency is life", which later resounded all over the country, will be the first time that the mouth of Deng Lao has been corrected!

There is a 9-storey high, 168-meter-long, 21-meter-wide ship with a displacement of 14,000 tons. This was originally a luxury cruise ship in France. Because the service life is close to scrapping, it was bought by Hong Kong Lai Heen Hotel Services Co., Ltd. It has now been transformed into a comprehensive service center that includes a hotel, a French restaurant, a Cantonese seafood restaurant, a theme bar and a karaoke hall.

After the completion of the development of the first, second and third phases of Shekou Industrial Zone. Hundreds of foreign-funded enterprises have been introduced, and a number of industrial plants have been established throughout the Shekou Peninsula. However, Shekou is quite a distance from the deep-sea urban area. The basic service facilities, especially the entertainment facilities, are far less complete than those in the deep-sea urban area, and there is not even a decent hotel.

Li Zhi saw this point before and spent 1 million US dollars to buy this 10,000-ton luxury cruise ship at the price of scrap iron. After a simple internal renovation, it has become a comprehensive service center integrating catering, accommodation and entertainment. The luxury cruise ship, renamed Sea World, became an instant hit in Shekou Industrial Zone, with an occupancy rate of more than 85% of the hotels on board.

A large number of bosses who travel between Shekou Industrial Zone and Hong Kong no longer need reporters to catch the ferry and return to Hong Kong on the same day. Instead, you can choose to stay in a Deluxe Room at Sea World, giving you more freedom to schedule your time.

The two restaurants on the tanker have become the factories in the Shekou Industrial Zone, the first choice for banquets for VIPs, and they often need to book in advance. Bars and karaoke halls have become the favorite places for Hong Kong executives from various factories in the Shekou industrial area to relax after work.

This investment has also become one of the most successful investments of Lizhi in Shenhai City. In order to add icing on the cake to the career of his beloved woman, Li Xuan specially invited Deng Lao and several other central leaders to dinner in the Cantonese seafood restaurant in Sea World.

Li Zhi was raising a baby in Hong Kong at this time. Moreover, the unclear relationship between her and Li Xuan is not suitable for such an occasion. So she simply stayed in Hong Kong and didn't come back, Li Xuan asked the person in charge of the sea world to prepare pen, ink, paper and inkstone in advance. After preparing dinner, let Deng Lao leave a copy of the ink treasure, which will be the best talisman for this cruise project in the next two or three decades!

After dinner, it was a private meeting time between Li Xuan and Deng Lao. Li Xuan was also the first guest Deng Lao met alone on his southern tour. Although Mr. Deng is also in his eighties, he is still in good spirits. He speaks with a sense of humor and is very relatable!

Before on the train. When listening to the report of Liang Linguang, governor of eastern Guangdong, Deng Lao emphatically mentioned Li Xuan's idea of preparing to build a large-scale manufacturing base with an annual output of 10 million television sets in the deep-sea special zone. But when the two were talking tonight, they didn't take the initiative to touch on this issue.

The first question Deng Lao asked Li Xuan was that he hoped that he could talk about his views on the development of high-tech industries in China!

This is a very big proposition, Li Xuan pondered for a moment, organized the language, and then said: "Science and technology are the primary productive forces, and I have always firmly believed in this viewpoint! High-tech industry is a concept with a wide range, such as aviation, aerospace, nuclear power, biopharmaceutical, semiconductor, and other fields can be called high-tech industries!"

An obvious feature of the high-tech industry is that the entry threshold is high, and sufficient technical reserves are required! Because of this, in my opinion, the model of doing big work and doing fast dry is not necessarily suitable for these industries!

Taking the semiconductor industry involved in our Eastern Group as an example, it is now necessary to invest tens of millions of dollars to build a wafer factory with the latest technology! And Chinese mainland due to various reasons, even if it introduces relatively backward technology from abroad, the price it needs to pay will never be cheap!

However, the semiconductor industry is also an industry with rapid technological upgrading, and the golden life cycle of a technology is usually only three to five years, after which it will depreciate rapidly until it is quickly eliminated!

Under such unfavorable conditions, the reason that supports the continued rapid development of the semiconductor industry is its high added value! The profit margin of the ordinary electronics industry is usually about 10 percent, but in the semiconductor field, it is common for a new chip to be listed and obtain a profit of several hundred percent!

It is precisely because of high pricing and high profits that semiconductor companies can quickly recover their huge expenditures on R&D and factory construction! In the San Francisco area of the United States, it only took twenty or thirty years from the beginning of Fairchild's settlement to the development of the famous Silicon Valley now!

This process did not cost the US and California governments a penny, relying on the attractive profitability of the semiconductor industry, which attracted more and more venture capital to participate in the risk! But in China, the current planned economic system makes factories have no independent pricing power for their products!

The relevant state departments headed by the Planning Commission and others will set prices from the angle of overall planning! This is absolutely a disaster for modern semiconductor enterprises! Because it is a real profiteering industry, only by making huge profits can we accumulate enough funds for the next round of R&D to burn money!

However, in today's China, state-owned enterprises not only do not have the right to set prices for their products, but they also do not have absolute autonomy in the distribution of their own profits! What confidence does this give enterprises to continuously invest in scientific research and purchase the latest equipment one after another?

In my opinion, what the deep-sea microelectronics company has gained is just a wafer factory that is about to continue to depreciate! Whether the Ministry of Electronics Industry can continue to provide a large amount of funds to support its equipment technological transformation and new product research and development directly determines the future development potential of deep-sea microelectronics!" (To be continued......