"Mr. Jiang, do we take it step by step, choose a breakthrough among chips, motherboards and storage, and then enter other fields?", Zhu Zhengfeng gave his own opinions in a timely manner for Jiang Hui's aggressive investment strategy.

As the deputy general manager in charge of R&D of Guanghui Mobile Phone, Zhu Zhengfeng naturally hopes that Jiang Hui will invest more funds in R&D, but after launching three high-tech projects, Zhu Zhengfeng is really worried that his teeth are not so good, and it will be miserable if he gets a puncture.

At that time, the money wasted will not be millions, tens of millions, or even billions, but tens of billions, hundreds of billions.

This pressure is not something that ordinary people hold.

"If we were born in the United States, then I will definitely support your step-by-step plan, after all, this is more secure, but we must take into account the special national conditions of the Celestial Empire.

Since 92, the economy of the Celestial Empire has been developing in a relatively good environment for 16 years, especially in the past few years after joining TO, the economy has grown by double digits, and one of the reasons for this may be that many people do not realize", Jiang Hui looked at Zhu Zhengfeng and said.

"What is the reason?", Zhu Zhengfeng and Dai Fuqian asked curiously at the same time.

"On 10 December 1991, the European Community Summit adopted the Treaty on European Union, deciding to rename the European Community the European Union. The treaty stipulates that, by 1 January 1999, at the latest, the European Council will confirm that the implementation of a single currency will begin if more than seven member States meet the convergence criteria.

The Treaty on European Union entered into force in November 1993.

On 15 December 1994, the Madrid Summit decided to replace the European single currency with the name of the euro.

In December 1995, it was decided that the unified currency would be the euro." Jiang Hui did not directly answer Zhu Zhengfeng and Dai Fuqian's questions, but started with a seemingly unrelated euro.

"As a newly established currency, the euro has its own halo from the beginning, and it is aiming to challenge the status of the dollar. The dollar is an important tool for the United States to maintain global hegemony, and of course it will not let the euro easily shake its position, so you will find that basically the entire era is the United States' vision in Europe. The US-led NATO has wantonly and indiscriminately bombed the Federal Republic of Yugoslavia, and its important purpose is to hit the euro. During this period, the United States did not interfere too much in the development of the Celestial Empire."

"For more than ten years before that, everyone knew that the Yankees were fighting to the death with the Soviet Union, and they were even more courting the Celestial Empire. When the Yankees got down to the Soviet Union and repaired Europe, the Yankees found that the development of the Celestial Empire was really not fast, and the theory of the collapse of the Celestial Empire, which had been shouted for decades, had not been realized, so they prepared to deal with the Celestial Empire."

But at this time, there was a major event that has affected this day, that is, the 911 attacks, and the focus of the United States quickly shifted to counterterrorism. Since counter-terrorism requires the cooperation of the Celestial Empire, the United States has basically not carried out much of its measures against the Celestial Empire during this period."

Dai Fuqian and Zhu Zhengfeng had heard of Jiang Hui's point of view for the first time, and they listened very carefully.

When the boss speaks, even if he has heard it, he should pretend that he has not heard it.

Everyone's not stupid kids anymore!

"By now, the U.S. anti-terrorism mission has almost come to an end, and the rest is some daily anti-terrorism work, and the United States is ready to start dealing with the Celestial Empire again, but the subprime mortgage crisis has happened. Don't look at the current crisis, thanks to the efforts of the Federal Reserve and other central banks, it seems to have passed, this is the calm before the storm."

"The calm before the storm?I think the impact of this crisis is already very bad, will there be worse things happening?" asked Zhu Zhengfeng.

"You'll see. This crisis is destined to be a major financial crisis that will affect history, and although it may not last as long as the crisis of 1929, its effects will not necessarily be worse than that of 1929," Jiang Hui continued.

However, in fact, every international financial crisis has an intrinsic logical relationship with changes in the world economic pattern, and mankind always seems to be able to find new solutions from the crisis.

For example, the establishment of an international financial and monetary system dominated by the US dollar after the Great Depression, or the 1997 Asian financial crisis, which changed the traditional pattern of regional division of labor in East Asia characterized by the "wild goose pattern", and promoted the process of ASEAN economic integration."

The global financial crisis will also have a broad and far-reaching impact on the global economic growth pattern and development path.

In the new century, the overall strength of emerging market countries has risen, and the world's multipolarization has developed in depth. The rapid rise of emerging countries is impacting the global power structure led by the United States, and the center of gravity of the global economy and trade is shifting from west to east."

"The pattern of global economic imbalance is unsustainable, but the pace of adjustment is extremely difficult, the resolution of the deep-seated contradictions of global economic imbalance is difficult to make substantial progress in the short term, and the complexity of the multipolar game pattern will make the world economy return to the track of steady growth facing huge challenges."

"First, the world division of labor system, which is structured by demand and supply, is facing the problem of a huge imbalance in the distribution of interests. On the one hand, some advanced economies that have "borrowed to promote development and consumption to promote prosperity" have shifted manufacturing services to developing countries with higher returns on a large scale while spending ahead of time.

As a result, capital is overdrawn and industries are hollowed out.

On the other hand, the Asian economies, which are supposed to "develop manufacturing and expand reproduction through accumulation," are dependent on the markets of the developed countries for economic development, and have borne the capital burden brought about by trade surpluses, so that their economic accumulation has been burdened by the capital debt of the developed countries.

Second, the disconnection between the global virtual economy and the real economy is becoming more and more serious, and the manufacturing center is gradually shifting from developed countries to emerging market countries, but the monetary and financial centers are still in developed countries, the financial markets of developing countries are underdeveloped, and the financial system is relatively fragile.

"In the context of the financial crisis, no country will jump out to make trouble in a short period of time, but in a few years, when the problem becomes more and more serious, the United States will definitely have various actions to deal with its biggest opponent - the Celestial Empire."

"The United States, as the world's most technologically advanced country, does not have one, to deal with the Celestial Empire, there are too many means, just to give an example, when people in order to reduce the trade deficit, do not agree with American companies to export chips to Guanghui mobile phones, then what should we do?", Jiang Hui raised a very acute question.

(End of chapter)