Chapter 811: Confidence
Since the Guanghui mobile phone has been on the right track, the Guanghui Group has begun to enter a state of not being bad for money.
On that day, this kind of money is also relative, if you let the Guanghui Group acquire a large enterprise such as the largest bank in the universe, that money will definitely not be enough.
However, the net profit of billions of Guanghui mobile phones a month is still enough for Jiang Hui to do many things.
Besides, in addition to Guanghui mobile phones, Guanghui Group also has Guanghui Games and Guanghui Investment and Finance Department, two big money-makers.
The latter, in particular, now holds more than $10 billion in funds.
Few people except Jiang Hui know about this data, otherwise it will definitely scare everyone.
This is still not the time when the financial crisis is at its worst, and the collapse of the US stock market has not really begun, and by the end of the year, the glorious investment in the welfare of the international economic and financial market has been reaped, not to mention the multiplicity of assets, and the capital has exceeded 20 billion US dollars, there is no problem at all.
The $20 billion in 2008 was still enough for Jiang Hui to do a lot of things, which is where Jiang Hui's confidence lies.
Besides, so many banks in China are selling low-interest loans to the Guanghui Group, and if Jiang Hui feels that 20 billion US dollars is not enough, he can still borrow tens of billions of yuan for one use.
"Mr. Jiang, now that the price of assets in the international market is falling rapidly, we are rushing in to buy the company now, will it become a high-level takeover?", after hearing Jiang Hui arrange for Liao Yun to manage Weidong to acquire foreign companies several times, Pi Wei said a little worriedly.
As a mixture of decades in the United States, Pi Wei has a full understanding of the risks of investment. Pi Wei is very satisfied with his current job, and it is only in the Celestial Empire that it is possible to build a new automobile factory on a large scale, and it is possible to give such a professional manager such a professional manager such a large authority.
Pi Wei didn't want the Guanghui Group to break the capital chain because of Jiang Hui's continuous buying, buying, buying.
How much money is burned in the automobile industry, Pi Wei is very clear, if the capital chain breaks during the construction, it will be funny.
"The decline in assets is also limited, in the first half of this year, I think it will continue to fall, but in the second half of the year it will slowly remain stable, and then adjust for a period of time will re-enter the rise, we are now beginning to pay attention, lock the target and then talk to others, almost in the second half of the year, just the best time for the acquisition", the development of Guanghui Automobile has to rely on Pi Wei These executives, so Jiang Hui in order to dispel their concerns, or patiently explained his thoughts.
"I've heard from friends in the United States that the subprime mortgage crisis seems to be getting worse," Pi Wei said, still a little worried.
On February 1, 2008, non-farm payrolls in the United States fell by 18,000 in January, the first decline since 2004.
On February 9, 2008, the G7 Finance Ministers and Central Bank Governors Meeting stated in a statement that the impact of the subprime mortgage crisis had intensified.
On February 12, 2008, the six major U.S. mortgage banks announced a "lifeline" plan to prevent foreclosures, and Warren Buffett was willing to reinsurance $80 billion of U.S. municipal bonds.
On February 14, 2008, FGIC, the fourth-largest bond underwriter in the United States, announced its willingness to spin off its business.
……
All sorts of news have made people of insight realize that this crisis may be more serious than everyone thinks.
Pi Wei, as a former person who studied in the United States, must have made friends with a group of high-end people, and it is normal for him to have a more accurate understanding of the subprime mortgage crisis.
"Yes, I think it's a bit of a storm now, and the real crisis hasn't come yet," Jiang Hui said.
"At this time, Mr. Jiang, you continue to expand your investment and enter the international market to acquire enterprises, isn't the risk even greater?"
"Mr. Pi, you have been in the United States for so many years, I think you should be very clear about how Western countries view the Celestial Empire and our enterprises. If it is when the wind is calm and the economic situation is very good, do you think people will sell the company that has mastered this core technology to the Celestial Empire enterprise?", Jiang Hui did not directly answer Pi Wei's question.
When Pi Wei heard Jiang Hui say this, he also frowned, looking a little helpless.
For a long time, Western countries did not want the Celestial Empire to develop high-end manufacturing industries, and the ideal Celestial Empire in their hearts should be a large agricultural country, a country that depends on them in the eyes of science and technology, and a country where they can exchange 100 million shirts for a single plane.
The most obvious is "Batumi" in the early years.
Although Batumi is not a formal international organization, its special status as a member of the country makes it far from being an ordinary informal international institution.
The establishment of Batumi has given the United States a new tool in pursuing its Cold War strategy.
There are about 30 countries, including a number of nationalist countries, that are subject to the embargo by "Batumi". Batumi has developed an "International Security List", which includes 144 items in the "US Security List" 1A in the scope of the embargo.
The elaboration of the embargo list for implementation by States is the main means of the "Batumi" embargo. Batumi's list consists of three categories, namely, the International Atomic Energy List, the International Military Goods List and the Industrial List, which covers tens of thousands of strategically important goods and technologies, including military weapons and equipment, cutting-edge technological products and rare materials.
According to the Batumi regulations, when a member state is ready to export controlled goods and technologies to a restricted country, it must apply to Batumi, and the government of the exporting country can issue an export license for the country only after the unanimous consent of the governments of all the member states of Batumi.
According to the understanding of ordinary people, it is relatively easy to understand that you embargo military weapons and equipment, but for some industrial technologies and equipment are also embargoed, there is a clear target.
In particular, after the organization announced its formal dissolution on 1 April 1994, the United States and other countries continued to restrict the inflow and transfer of high and new technology to China through various means.
In his previous life, Jiang Hui once contacted a friend of a multinational company, their company has a high-precision five-axis CNC machine tool, which is used to process molds for hot stamping parts, and this machine tool can be transported to the Celestial Empire because the company that uses it is a purely American-funded enterprise, and every once in a while it needs to explain the use of the machine tool to the affiliated institutions in the United States.
In other words, this high-end machine tool, although it was able to enter the Celestial Empire twenty years after the dissolution of Batumi, is still monitored and cannot really be purchased and used freely.
Under such circumstances, the United States and other countries are clamoring to reduce their trade deficits on the one hand, and on the other hand, they are unwilling to lend money for high-tech exports.
Could it be that the Celestial Empire had to import a large amount of ordinary steel and clothes from the United States without any technical content to reduce the trade deficit?
I want to import steel for the deck of an aircraft carrier, and you won't!
I want to import astronaut costumes, but you won't!
If I want to import aero engine technology, you are even more reluctant!
(End of chapter)