Chapter 242: It's Not Worth It

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It's a trivial matter to do an old classmate a favor, it's also a trivial matter to let Lao Zhang put a favor, and even persuading Wanwan to go to the United States to study in a preparatory department is also a trivial matter??? .??

After chatting with Wang Tie in Hong Kong for an afternoon, Tony immediately came to the capital and told the boss about Wang Tie's inconvenience to talk to his old classmates, which startled Li Jiaming. Li Jiaming, who thought this was a trivial matter, never expected that Wang Tie's hand was far bigger than he imagined, and he didn't expect a new business type to be placed in front of the National Bank.

Unlike those state-owned banks and semi-state-owned banks dressed as private banks, the National Bank run by Li Jiaming and his team is completely private, and he himself has a very good reputation and prestige in the business community. People like Wang Tie and others have few friends who can be fully trusted, even if they don't fully trust Li Jiaming, but they believe that Li Jiaming's bank can help them transfer assets safely.

The reason is simple, because GCA's cash flow is very scary, and now GCA can sell nearly 6 million iPhones a month, and the cash flow alone is as high as 3 billion US dollars. Coupled with patent fees and the like, except for Li Jiaming and Hanhua's senior management who know the specific figures, the outside world can only estimate and speculate.

With such a large cash flow, and no matter how much tax revenue is created for the country, such a huge cash flow alone can be very convenient for miscellaneous goods, and through Hanhua's own offshore company, Wang Tie and his money can be completely laundered, and those professional money laundering agencies can be eliminated.

Staring at the working anti-eavesdropping device in the bookcase for a while, Li Jiaming, who had made up his mind, asked rhetorically: "Tony, what does this mean, do you know?"

Tony certainly knew that he wouldn't have turned on the bugging device as soon as he walked through the door, but he knew better that this was an opportunity to address the lack of cash liquidity of the GCA Group. After telling the plan in detail and in the form of storytelling, Tony looked at Li Jiaming eagerly, expecting the boss to nod his head.

Funds need to flow in order to make a profit, such a large cash flow of Hanhua and the three major e-commerce companies need to flow, and after overseas institutions help people like Wang Tie wash the funds, they will lend them a huge amount of money to expand, which not only solves the funds needed by the other party for expansion, but also solves the problem of insufficient cash flow for Hanhua.

And all this, GCA Group and National Bank do not need to take risks, because they are not involved in any illegal activities, but only give loans to those resource-based enterprises. If the operation is done well, you can also turn the loan into shares, and when those companies go public, you can make a big profit.

But Li Jiaming did not nod his head in the end, because it was too risky, and because he knew that the future policy would be a miracle of the state buying private energy companies when coal prices reached their peak. What is even more ridiculous is that when the state ransomes those enterprises, none of the business owners dared to resist. Of course, no one would have imagined that the government had just forcibly driven private funds out of the coal industry, and the price of coal, which had been in short supply, had plummeted, forcing the governor of Jin Province to sell high-quality coal that had previously been in short supply.

“hy?”

In his eagerness, Tony questioned his boss's respect for him, but won Li Jiaming's respect. It is subordinates who are most needed to do business, not loyal subordinates, and if they see that what seems to be a very correct opinion is rejected and do not argue, such a person is only suitable to be a subordinate who carries out the decision. But it is much more difficult for Li Jiaming to persuade his subordinates than it is to order his subordinates, he has to use reason to persuade and bear possible decision-making mistakes, rather than letting his subordinates deviate from morality and be stubborn. This is important, decision-making mistakes can be tolerated, but ignoring the opinions of subordinates will not be possible to get their opinions in the future.

After pondering for a long time, Li Jiaming organized his rhetoric, "Tony, the cold winter is coming."

“hat?”

If you want to talk about this issue clearly, it will be a long story, but Tony is a doctor from Stanford, and Li Jiaming only needs to explain two things clearly, one is the political system of China. After the reform and opening up, the Chinese government positioned its most important work as economic construction, that is, it is often said that "taking economic construction as the center, persisting in reform and opening up, and adhering to the four cardinal principles."

Consumption, investment, and net exports are the troika that drives the economy. If any one of these three variables changes, aggregate demand and GDP will change with it. From the perspective of the troika that drives the economy, the expansion of consumption depends on consumers, and the expansion of net exports depends on external demand, which the government cannot directly control, but investment is different, and the government can use the power in its hands and the resources at its disposal to directly invest in a large amount, thereby driving rapid GDP growth. Investment originally referred to private investment, and if the government wants to expand investment, it can only use fiscal and monetary policies to stimulate investment demand, but in China, the government has always regarded investment as its important function in addition to private investment. It is precisely with a round of larger investment that the government has stimulated the rapid growth of China's GDP.

Continuing to use the method of expanding investment to stimulate GDP growth will inevitably lead to a relative contraction of consumer demand in aggregate demand. If we do not want to reduce the scale of investment, the only way is to use external demand to balance the gap of insufficient domestic consumption. In this way, export-oriented is the only choice for the government. As a result, under the leadership of the government, China has formed an economic growth model driven by both investment and exports, and its essence is more investment-driven.

What if, then, external demand shrinks sharply?

For a centralized government like China, it is nothing more than to launch a strong stimulus plan, using fiscal policy and monetary policy to strongly stimulate the economy and suspend the effect of downward pressure on the economy, but it also makes the inherent drawbacks in China's economy and the problem of financial debt risks more serious.

What will happen when it reaches a certain level of seriousness? This does not need to be explained by Li Jiaming, it is in Stanford's textbooks, but the question is whether there is something wrong with the economies of Europe and the United States, which will affect China's exports. To be precise, it should be whether something is wrong with the US economy.

Did something go wrong?

Of course, something went wrong, and New Century Finance Corporation (NCFC), the second-largest subprime mortgage provider in the United States, filed for bankruptcy protection in the face of a $17.4 billion forced debt from Wall Street, followed by the U.S. Residential Mortgage Investment Corporation (AHM). If this is not a sign that something is wrong with the US economy, when will it be judged?

But Li Jiaming's explanation confirmed Wang Tie's judgment, but because of his high prestige in the economic circles, Tony, who was from the same school, hesitated for a long time before retorting: "Ming, it is precisely because your country will strongly stimulate the economy that there will be a great demand for energy and minerals, which will drive the price of energy and minerals up!"

Yes, the truth is true, but no one would have thought that the state would make a decision to drive away private capital. It's ridiculous to think about it, but after a piece of paper, those coal mines that were originally in private names were forcibly taken back by the government, but no one dared to resist.

Why?

Those business owners, like Wang Tie, have a pile of shit on their buttocks, and the procedures and channels through which they obtain resources are themselves illegal! If it were not for the fact that the law does not hold the people accountable, and because there are too many crackdowns, for fear of affecting the stability of the entire society, the government would not even need to buy them, but only need to send those bureaucrats who are up and down to prison, and those mines would have been taken back to state ownership without paying a dime.

"No, you have all overlooked another thing, our country's constitution does have a clause for the protection of private property, but it stipulates that the state may, in accordance with the law, expropriate or expropriate the private property of citizens and compensate for the needs of the public interest. ”

Li Jiaming, who was explaining on the side, suddenly understood something, and hurriedly called Chen Tong and Wen Jin of Sohu, wanting to ask about the luxurious wedding. But after the phone was called, Li Jiaming talked about other things, and finally only asked the old subordinates he brought out to sniff in for dinner. (To be continued.) If you like this work, you are welcome to come to the starting point () to vote for recommendation, monthly pass, your support, is my biggest motivation. For mobile phone users, please go to M. to read. )

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