On the night of a short stay at Mahler Villa in Huzhou, and the night of negotiating the "Oil State Massacre" with Li Daxiao, Mei Jiali, and Wellens-Wotander, Xia Li and Jiang Yingyu will also usher in the fourth elimination round of "The Singer". Pen ~ fun ~ pavilion www.biquge.info

Xu Teng deliberately set the alarm clock to 3 o'clock in the morning before going to bed, got up after sleeping for less than 4 hours, and took the initiative to call Xia Li to ask about the situation, and the result was okay, although the new opera + folk + heart-to-heart strategy did not regain the first and second, but it was also the third, and there was no crisis of elimination.

Xia Li doesn't care about the first or second, she is already an old-timer in the music world, a teacher-level existence, everyone has to call her "Sister Lily" and "Niangniang" no matter how early or late she debuts, and even the director has to call her "Niangniang".

It is impossible for her to make a comeback on the catwalk, at most she is to make an endorsement for her favorite Katia jewelry and Chanel, a pure play temperament queen mother, it doesn't matter if she is first, second or third, she will not be eliminated, she will not lose too much shame, just hold on to the finals.

In other words, Niangniang is really the head of the Jade Girl Sect, bidding farewell to the music industry for ten years, the mother of three children, is still young and beautiful, with a pure temperament, as cool and elegant as ice water.

Xia Li does not hide it, every appearance, from the performance costumes to the jewelry, all are designed separately in France, and once a week are airlifted to China, basically the most noble model in China, each set of jewelry has no quotation of less than five million US dollars, the second phase of the Steinmetz pink diamond necklace was given to her by Xu's mother, worth 78 million US dollars, just to match a set of pink dresses, after the show was broadcast last week, it immediately set off a frenzy of reports in China.

To be honest, she doesn't really care about these things, even if this necklace is regarded by the Xu family as a heirloom of the entire family.

You just compliment her again, she is the sentence "If you like it", or she is very NICE and smiles with you, there is nothing to say, and there is nothing arrogant and pretentious.

Xu Teng has long said that Xia Li's shelf is really big, a level that ordinary people have never seen, she is not like a star, how many assistants, how many security guards, how good a dressing room, these are all small things she doesn't care about.

At this time, Xia Li had just finished the recording of the game, had just taken a shower, and was very tired, chatting with Xu Teng and then became silent, probably asleep.

This is fortunate that she was prepared in advance, and stayed at the Hyatt Regency Hotel in Tanzhou for the entire competition cycle, otherwise if she went back and forth, it would be a trivial matter to be in poor condition, and it would be troublesome to catch a cold and get sick.

Xu Teng hung up the phone, thought about it, and was about to sleep for a while, when Dr. Lu saw that he woke up, so he reminded him that there was a new important email.

When he opened the mailbox, he was still a little surprised, but he didn't expect it to be a presidential letter from the White House.

This is a novelty.

In the past two years, the relationship between Xu Teng and President Obma has not been so simple, but very poor, and the root cause is that the competitive pressure between China and the United States has been expanding.

In the past, Sino-US trade has always been a "deficit in China, profits in Europe, the United States, Japan and South Korea" pattern, in the field of high-tech and semiconductors, high-end services, the United States still maintains an absolute advantage, but since 2012, this pattern and this advantage is rapidly collapsing.

Huayin Consortium!

The value of a super-consortium to the country's economy is truly exceptional.

In the fields of big data, database, cloud computing, artificial intelligence, security soft, network technology, new energy, electrical equipment and automation control, etc., the Huayin Consortium has always been a strong presence in China and the United States, and has not only indirect investment but also large-scale direct investment in the United States.

On the one hand, the Huayin Consortium is indeed the glue of the Sino-US economy and is important to both sides, on the other hand, the Huayin Consortium has also greatly narrowed the gap between China and the United States in high-end industries, even including the financial industry, and the American AIG Group, the Big Five of Wall Street, is itself an absolute holding subsidiary of the Huayin Consortium.

In China, the Huayin Consortium also has the financial strength and management level to rival the Big Five, and in Europe, the Huayin Consortium also has subsidiaries such as Fortrust and many cooperative institutions.

It is precisely because of the existence and role of the Huayin Consortium that a new situation of "deficit in China, profits are also transferred to China by a larger margin" is taking shape.

This time, when Xu Teng invested in the construction of a 12-inch wafer factory with a 20nm process in Huzhou, he was almost unable to introduce equipment due to the intervention of the United States, but in the end, he also took advantage of the exchange of high-level visits between China and Europe to reach an agreement to import major equipment from the Dutch company ASML.

28nm and 20nm are actually the same generation of technology, but it is necessary to purchase two sets of exposure machines to use the double exposure process, and before that, Intel and Samsung announced that the investment standard for 12-inch wafer factories in China is already 22nm technology.

Samsung's 22nm technology is still immature, and it was temporarily changed to the 20nmHPM technology system shared by GF, Samsung and Huateng.

As a result, the United States tried to ban the Huayin Consortium separately on the issue of suspected military production capacity, but in fact, the United States also knew that it was really urgent, which was not a good thing for both sides, and the goal was to let Xu Teng go to the United States for negotiations.

Xu Teng did not, because in 2013 China and Europe high-level visits were more frequent, the matter was solved in the middle, of course, the United States is not wrong, this 20nm process of 12-inch wafer factory will definitely involve military-grade chips and components, the simplest application is the domestic supercomputing center and high-end server market.

Anyway, the United States is really in a hurry, and the relationship between Xu Teng and the White House has been in a special stage of a big trough in the past two years.

On the day when the 12-inch wafer factory in Huzhou was officially put into operation, Xu Teng suddenly received a letter from the White House from President Obma, which was quite unexpected.

Xu Teng turned on the bedside lamp, sat on the bed, and browsed the email with the tablet PC next to him, but there was nothing to say.

Pretending to be forced.

Obviously, it was the domestic political forces that pushed the EU to approve the purchase of this set of equipment, but President Obma claimed that it was the goodwill of the United States, and talked a lot of nonsense, and finally got back to the point, believing that Sino-US trade is in a state of complete imbalance, and the United States must give a comprehensive stop to the bad competition behavior of various non-market means adopted by China, and hopes that Xu Teng, on behalf of the Huayin consortium and the just and kind global economic order, will propose the necessary self-restraint to the Chinese side.

Well.

The word OBMA is to stop, not to "sanction".

Xu Teng believes that Obma knows very well that this letter is useless, but he just wants Xu Teng to be careful, the White House will impose real sanctions on the Huayin consortium at any time, but he has not found a suitable reason for the time being.

In the words of the Chinese, this is the first salute and then the soldier, in view of the once good personal relationship between the two sides, I have already reminded you, either mix with me, or wait for my sanctions, if you don't listen, don't let me turn my face and be ruthless.

What kind of face, no emotion.

Sluggish B!

Xu Teng is now almost certain that Obma will not fully investigate all of The-ShunFamliy's assets in the United States during his tenure, and if you don't file a case and sign a formal executive order, the scale will be very small after all.

What can be found out?

Once the case is filed, a special prosecutor is assigned to the Ministry of Justice, and if it is found out that The-ShunFamliy has donated money to you, the amount is still hundreds of millions of dollars, you will be waiting to eat...... SHI Go!

In the first few years of Obma's tenure, there was still a chance to find out, but the result was again and again, and he was scared twice, but now he really can't find out.

Because of tax avoidance and secrecy, most of the Xu family's family trusts in the United States were first registered in Nevada, and there was a real opportunity to find out at that time, and now it has been split into more than 4,000 people, scattered in various counties in Nevada, Montana, Wyming, Delaware and New York, with more than 20 different law firms acting as agents, and then dispersed to dozens of asset custody companies and hedge funds through the full-time asset management lawyers of the law firms.

Take 10,000 steps back, even if the U.S. Department of Justice, NSA, and the Federal Tax Service work together to investigate and find out these trust funds, the final source can only be traced back to various offshore centers around the world, and at most, the information is directed to the City of London.

What does this mean?

What's more, Mr. Xu and Xu's mother have all become naturalized in the UK, and the mutual investment protection agreement between the UK and the United States is another set of international standards, what else can be done?

Anyway, as far as Xu Teng knows, after it was believed that Mr. Xu's mother had become a British naturalized, the White House's internal evaluation investigation of The-ShunFamliy's assets in the United States was temporarily suspended, and it has not been restarted so far.

On the one hand, the scale of investment in the United States by the Xu family and the Huayin consortium is very large, and it is easy not to stimulate each other, otherwise it will not be a simple Sino-US issue, including the employment rate in the United States, the scale of attracting foreign investment, the safety of international capital investment in the United States, and even the energy supply, financial market, and technology investment in the United States.

On the other hand, the economy determines politics, and Xu Teng's influence on the political, economic, and social media within the United States is too great, which is very inconsistent with the interests and needs of the United States.

On the surface, Xu Teng only strongly suggested that the American business community support progressivism, but behind the scenes, the progressive political group of the Democratic Party and the oil wing of the Republican Party really supported it.

President Obma is 100% sure that Xu Teng has given out the money, but the way of funding is extremely clever, and it will not violate any legal rules and will not leave the charge of money laundering, just as Xu Teng supported his election back then.

One of the most important means of Xu Teng's capital contribution is to lobby the capitalist alliance within the United States, the other means is to use the dividend rights of the holding companies, the third means is to help American companies make profits in the Chinese market, and the fourth means is to transfer profits through international trade to help American companies avoid taxes.

President Obma was so lame in his second term that the Republicans won a majority in both the House and Senate, and the Democratic Party split into two factions...... Without the support of Xu Teng and The-ShunFamliy, he would not have believed it.

Therefore, Obma wrote such a letter at the moment when Xu Teng's Huzhou wafer factory was officially put into production, and the internal subtext was very sinister, but every wording was very elegant, a very decent compliment and congratulations, and there was still a negotiable meaning.

Obma's current requirements are estimated to have dropped to a new level, the Sino-US trade deficit is left alone, you first hand over profits and taxes to the United States, don't force me to be rude.

This is really what Obma has been particularly urgent in the past year, from Silicon Valley to Wall Street, from Apple to AIG Group in the United States, profits have gone overseas, and taxes have also gone overseas.

Why?

Because the corporate tax in the United States has been raised from 28% in the 90s to 35% step by step, whom, who can afford it?

Even if they can, no one will, right?

In the middle of the night, Xu Teng couldn't sleep, read Obma's letter many times, guessed a few times, and estimated that Obma felt that it was difficult to knock out the profits and taxes transferred overseas by those giant companies in the United States, and it might be easier to start with the Huayin Consortium and the Xu family.

At the same time, it can also weaken the strength of the Huayin consortium.

You see, that's the disadvantage of a lawyer being president, human rights, environmental protection, freedom...... All kinds of political correctness are blowing, but they don't understand the essential problems of the global economy.

Xu Teng quickly drafted a reply, quickly using a lot of the data and arguments provided by Dr. Lu, basically, he proposed a few topics, and the rest were excerpted from dozens of templates provided by Dr. Lu.

Xu Teng's meaning is very simple, the current difficulties of the US economy are the double superposition of global free trade and the United States' own problems, do not get sick yourself, force others to take medicine, the competition between global multinational companies is fierce, there will inevitably be the problem of profit transfer and tax avoidance.

This is not a problem of the United States, nor is it a problem of China, but a problem that all countries face.

Every country's fiscal revenue is mainly dependent on small and medium-sized enterprises, and the multinational giants are actually only to ensure the competitiveness of the national economy and ensure the birth of a steady stream of small and medium-sized enterprises.

If these multinational giants are forced to pay 35% corporate tax, sooner or later they will be forced to collapse these fierce multinational companies, and finally the entire national economy will collapse.

Xu Teng said objectively that the scale of Huayin Consortium's investment in the manufacturing industry in the United States is not small, but it does not make much money at all, and without various tax cuts and subsidies from the state government, it would have run away a long time ago.

Most of the investments made by the Huayin Consortium in the high-tech industries in the United States are venture capital and financial investments, and the decision on profit distribution is not in the hands of the Huayin Consortium.

Xu Teng's wording is also very civilized, serious and reasonable, and very elegantly replied to President Obma, the Huayin Consortium is a very responsible and high-quality multinational consortium, and its investments in China, the United States, and Europe are focused on improving the national competitiveness of the markets in which they are located, and actively cooperate with the established policies of various governments.

The implication is that if you want to collect taxes in a real way, I will sell the investment flash, I can't afford to provoke you, I can afford to hide, the countries that warmly welcome me to invest in the world are lined up with two battalions, and I am afraid that you will force taxes!

I will not only withdraw high-tech investment, but also withdraw from the manufacturing industry, and slap your old face of "manufacturing is accelerating its return to the United States" every minute.

It took Xu Teng 20 minutes to get the reply and send it directly, and he was ready to sleep, but he received a new reply before he slept for a few minutes.

"It's supposed to be 4 a.m. in China, and you haven't slept yet?" a very short letter, still from the White House.

"When I woke up, if Mr. President felt that there was something to discuss, you could always ask my staff to call me, you know, I was open-minded, responsible, and always open to consultation on all issues. Xu Teng really thinks that Obma should download a WeChat, so that it is more convenient to connect.

"I believe you're right, the responsibilities of multinational corporations and ordinary taxpayers are different, but under the principle of the law, we have to ensure fairness, which is why we are pushing for the TPP. I believe you should lobby China to better comply with international trade rules. "The lawyer president, always, says as if he himself believes this nonsense.

"The Huayin consortium applies the same standards globally, and even in Africa and Mexico, we have never compromised on our environmental and social responsibilities. We provide the best treatment and benefits to our employees, treat everyone fairly, and ensure that the most diligent employees can become shareholders of the company. This is who we are, the Huayin Consortium. In the U.S., all of our subsidiaries are taxed like other homegrown businesses, which is our social responsibility. But I'm sorry, I'm a businessman, not a politician, and I never lobby what the United States should do, and I never lobby China for what it should do. At the same time, it is my duty to remind you that at different stages of development, there must be different characteristics within the economy of each country, and that it is essentially immoral for each developed country to try to prevent other developing countries from becoming developed countries and prevent the people of other countries from becoming richer by formulating trade rules, completely ignoring the realities of developing countries. ”

"I know that the conflict between China and the United States, especially in the economic and trade fields, is becoming more complicated, but I am still optimistic about the long-term trend of the US economy, and my judgment principle is always the same, and the economy of each country is essentially determined by the total amount and quality of the labor force. Xu Teng had little to do with the White House but poured chicken soup for the soul and encouraged President Obma to continue to absorb illegal immigrants from Mexico.

In fact, without these illegal immigrants, the fundamentals of the U.S. economy are absolutely negative.

The United States is now ultra-ultra-loose monetary policy + millions of illegal immigrants every year, and it is forced to maintain the growth rate of the American economy at about 1.5%, which is the limit.

The rise of the Huayin consortium has promoted the rapid upgrading and transformation of China's economy, but has not caused fatal trauma to the U.S. economy and has no major impact on the annual growth rate of the U.S. economy.

Of course, this effect is definitely there, but the US economy itself has a strong ability to self-regulate, and when exports in the semiconductor field are reduced, the unemployed will go in search of new jobs, and investment will be transferred to other areas, creating new companies.

What is the real headache for the United States right now?

In the past, the United States exported chips and application devices to China, assembled them into various spare parts and complete sets of equipment in China, and then exported them to the United States, such as automotive systems, electronic systems, and LED lights.

Now it's troublesome, China doesn't import anymore, pure exports.

!

This is really scaring the United States.

The United States was aware of this problem in 2012, and in the first quarter of 2014, this problem was a bit outrageous.

The supporting enterprises of the United States and South Korea in these two fields have basically fallen down, and South Korea is directly admitting it, anyway, the scale of exports to South Korea is not large, and the United States cannot admit it, and has recently been preparing to sue for dumping.

This accusation itself is still quite troublesome, because the life of the US auto industry is not easy, and if the White House plays this hand again, something will not happen.

There are two biggest problems: first, the Huayin consortium has such supporting plants in the United States, Mexico, and Costa Rica, and the main production capacity is concentrated in China and Costa Rica...... GM's main production capacity is also in Mexico.

This is only a small part of the competition between China and the United States in the semiconductor industry, it only shows how fast the development trend of China's semiconductor industry is, and only shows how important the position of the Huayin consortium in China's semiconductor industry is.

4 p.m. in Washington, D.C., 5 a.m. Shanghai time.

For the first time, President Obma haggled with Xu Teng through email, and finally reached a small agreement...... Xu Teng agreed to transfer 35% of the production capacity of the company's automotive electronic systems to the United States, basically BMW, Audi, Ford, Falten, and Scania, which are sold in the United States...... They all use U.S.-made automotive electronic systems.

However, chips and basic application devices are still produced in China, because they are cheap, they can be shipped to the United States for assembly, and 70% of the work is still completed by mechanical automation.

As for Xu Teng's transfer of the profits of the entire Bowford Automobile Alliance to the Cayman Islands or Ireland, the White House doesn't care, and it can't be managed, there are holes everywhere, and there are gun holes all over the body, and it doesn't care about this one.

As Xu Teng said, China is the same anyway, and the EU is even worse, what are you anxious about, where is your corporate tax standard, who dares to put profits into the United States to pay taxes?

Montana's taxes are low, damn, there are no people, even if it is placed in Montana, it is still not as good as the Cayman Islands.

With the development of global trade to this day, for every country, multinational enterprises are not responsible for supporting national finances, and there must be a lot of taxes that cannot be avoided, and you will not receive any taxes that can be avoided.

Those central enterprises in China really have no choice, not only to pay taxes, but also to pay dividends.

As for these little tricks of Obma and the White House, Xu Teng can only say that it is really a headache and a pain in the feet, and the so-called long-term strategic planning basically relies on a TPP.

Xu Teng is outside the scope of the surveillance of the US Prism Plan, what he did, the US NSA and CIA really can't find out, he actually doesn't know the final outcome of the TPP, it is estimated that it cannot be stopped, but he still spent a lot of money on propaganda work in the United States, counting on the American people, especially the white right voters of the Republican Party, to stand up and resist.

This propaganda work is still very easy to do, because the TPP is essentially the United States to Japan, Australia, New Zealand, Vietnam, and Malaysia in exchange for joint cooperation and common positions to contain China, because the United States actually has little money in its hands, is heavily indebted, and the only capital that can come up is the market, and the market occupied by China will be ceded to other countries.

The current method of the United States is that it will give more preferential treatment to other countries, hoping that these countries will steal China's market share in the United States, while other countries will open up their financial and information industry markets to the United States.

This opening up itself is comprehensive, not only open to the United States, but also to Japan and Singapore, so Japan is definitely making pure profits, making more money, and Singapore is also making soft money.

Japan does not even have any fundamental concessions, and its domestic finance and automobiles are basically still on the death line, and there is no share of the Americans at all.

Singapore doesn't care if it makes concessions, it doesn't make concessions, it has such a big market, what can the United States get from Singapore?

Xu Teng told the truth, if the United States really wants to engage in the TPP, it will definitely be detrimental to China, but for the United States, in fact, it is only worse, not the worst, of course, this is indeed a good way to contain China.

It is precisely for this reason that it is not difficult to do this job if you want to make a stink of the TPP in the United States.

Xu Teng only estimated that the Democratic Party would be desperate to use the nuclear option in the Senate and force it through, but the good news is that after he and Obma fell out, he really teamed up with the American oil and energy giants and the Koch brothers to export a lot of political donations for the Republican Party.

To tell the truth, the political system of the United States has determined that the United States will never be able to fight outside the country and must first settle the interior, because there is internal fighting.

The Democratic Party's most hated opponent is never China, but the Republican Party, and in the same way, the Republican Party's most hated opponent is not China, but the Democratic Party.

Especially in recent years, the Democratic Party has been constantly amnesty for illegal immigrants, with a scale of several million a year, and these illegal immigrants have basically all voted for the Democratic Party, Virginia, New Hampshire, Nevada, New Mexico, Colorado...... These used to be typical red states, but because the Democratic Party has repeatedly granted amnesty to tens of millions of illegal immigrants in the past ten years, it has completely subverted into a blue state.

The Democrats also like to play policy migration, allowing a large number of Democratic voters and illegal immigrants to move to red states where the Republican Party has no obvious advantage, and Virginia and Nevada have been played by the Democrats as blue states.

The Republican Party is called a hate, and it wants to burn all the presidents of the Democratic Party for generations.

How did the internal division of American politics become what it is today, in fact, it was played alive by the Democrats and turned into a situation of endless fighting between the two parties.

In the end, Xu Teng could not take advantage of this situation to get rid of the TPP, Xu Teng could only try his best to transfer hundreds of millions of dollars for political propaganda, and completely anger the white right class in the United States and the Rust Belt in the Great Lakes region.

This matter is not too difficult for Xu Teng.

In his opinion, Obma's biggest mistake was not that he delayed 8 years, but that he did not hesitate to sacrifice himself to find out how large the Xu family's trust assets in the United States were.

If Obma really wants to find out this scale, it will definitely not negotiate, and it will immediately make trouble, and it can't be delayed at all.

Because the total assets of the Xu family in the United States are not about $100 billion as estimated by Obma and the White House, but ten times the level, there is no pressure to free up $300 million to $500 million a year for political propaganda through various financial techniques.

This is how Xu Teng plays, he does not directly participate in the election of any US federal elector, but guides public opinion through social media, through the Internet, through social activities, and uses super political action committees and various NGOs to block, propagate a certain idea, disseminate a certain thing, disseminate a certain photo, disseminate a certain news, disseminate a commentary, and use his own way to govern others and disrupt American political decision-making.

As long as it is detrimental to his business, he will definitely find a way to sabotage it, and the difficulty and cost of sabotage will always be the lowest, and this is true for China, and even more so for the United States.