Since the leader of Jiangnan Province has arrived in Jiangzhou, it is impossible for Xu Teng to refuse the leader's request for a meeting, although he knows very well that the other party is a lobbyist for TSMC, and it is not possible to be the same as the last time he knelt in Taiwan, so that Xu Teng should think about the overall situation and not be too tight on Taiwan's semiconductor industry. Pen % fun % Pavilion www.biquge.info

It was in May 2012, when Xu Teng went to Beijing to lobby for the Shenzhen-Zhongshan Channel.

In the past two years, various Taiwan businessmen's groups headed by Chairman Guo of the Haihong Group have lobbied on the mainland with an astonishing intensity and frequency, saying a thousand words and saying a word to stop the Huayin Consortium from continuing to undermine cross-strait relations.

Neuropathy!

How can China give up food because of choking?

All this, in the end, there was Xu Teng's astonishing move, to reveal the truth, starving Taiwan to death is the best policy, and giving profits is the middle and lower policy.

From the beginning of the reform and opening up, the economic development of Jiangnan Province in the past 20 years has a great relationship with Taiwanese businessmen, and has always been the center of Taiwanese investment in the mainland.

Xu Teng's political sensitivity in this regard is very high, and he really guessed correctly.

Leader Jiang is a lobbyist for TSMC and Haihong Group, and whether it is Zhang Dong or Guo Dong, their attitude is now quite friendly, and they have put forward a new idea -- cross-strait semiconductor industry cooperation.

Where there is collaboration, there must be integration, and where there is integration, there must be division of labor.

TSMC's idea has basically not changed, and it does not require Huateng Electronics Group to give up the chip foundry industry, and the two sides will cooperate, TSMC will maintain high-end business, and Huateng Electronics will maintain low-end business.

TSMC is not a fool's dream, let alone an empty glove white wolf, with TSMC's weight and technical strength, it really wants to reach an integration agreement with Huateng Electronics and the mainland semiconductor industry, which can indeed play a strong role in the development of the mainland semiconductor industry, just like installing a turbocharger for the mainland semiconductor industry.

Xu Teng has always been an elegant wolf, very patient, and listened to Leader Jiang for more than ten minutes gently, barely interjecting a sentence in the middle, listening to the other party's lobbying.

At this time, Jiang was very enthusiastic and enthusiastically recommended Xu Teng to cooperate with TSMC to fully explain the various benefits.

Xu Teng can see that this leader has been preparing for a long time in advance, spent a lot of thought, and said a lot of professional terms in one breath today, and his judgment of the global semiconductor situation is also very accurate.

In March and April, Jiangzhou, sandwiched between winter snow and rainy season, always has a wonderful sunshine, especially in the afternoon.

Xu Teng knew very well that this was a long, boring, and meaningless meeting, so he deliberately chose to receive Leader Jiang by the floor-to-ceiling window of the office in this sea-blue sofa café.

Xu Teng has always been a playful boss, and after gradually getting tired of the Mediterranean magic decoration style of the chairman's office, he added a small oak tree next to the café, so that the canopy just shrouded the sofa and coffee table, adding a wisp of nature.

He sat on the sofa, in a suit and leather shoes, crossed his legs, listening slowly, drinking a cup of Ethiopian charcoal-roasted coffee, tasting the rich sour taste.

As for what Leader Jiang said, just listen to it.

What should be said, Leader Jiang said it, and after waiting for a few minutes, he still didn't hear Xu Teng's answer, and he always couldn't help but ask, "Chairman, what do you think of the conditions on TSMC and Haihong Group?"

Leader Jiang tried his best to act like he was on Xu Teng's side, and everything was for the sake of Xu Teng and the Huayin Foundation.

Xu Teng's recent series of measures are completely aimed at the cooperation between Jiangnan Province and TSMC, and it is clear that Taiwan-funded giants such as TSMC, Chimei, and ASE will start a new loss-making business from the day they settle in Ningzhou.

Xu Teng would rather invest in a new factory in Huzhou than invest a penny in Jiangnan Province, this is his attitude, this is his answer.

Jiangnan Province was very angry, very angry, held several leadership meetings, and finally came to a conclusion that Xu Teng was more angry and angry than them, which was really fatal.

"Their conditions are very good, but unfortunately, in fact, you know, I have negotiated. What I'm going to say to you now, I believe that you won't tell TSMC and Chairman Guo either, right?" Xu Teng put the coffee cup back on the coffee table, leaned on the sofa, and tilted his face slightly, his momentum was still very proud.

After all, the Jiang leader on the opposite side is a deputy provincial level, and Xu Teng's posture is somewhat arrogant.

But what about arrogance?

"Of course I won't tell them, chairman, what do you have to say, but it's okay to say it, my old Jiang listens to it. "Leader Jiang's actual task this time is not only to be a lobbyist for TSMC, but also to find a way to make Xu Teng not be so angry and not so murderous.

After so many years, the cooperation between Jiangnan Province and Huayin Consortium is still good, and it is so unpleasant to make trouble for such a trivial matter, everyone feels that it is a little worthless.

"China is not Europe, not the United States, not Japan, South Korea, how many people we have, you know very well, theoretically speaking, except for resources and minerals and agricultural and animal husbandry products, we do not need to import any products, and we do not need to engage in industrial integration with any country or region. I am very clear with what I said above, give me four years, I am TSMC + Qualcomm + Samsung, if it were not for Jiangnan Province to toss the Huayin consortium so much, I could have made money while solving all the problems, there is no need to thank these 7 billion dollars at all. ”

That's all Xu Teng wanted to say, his hands crossed, resting on his right leg, looking at Leader Jiang calmly, and clearly telling Leader Jiang that he had gone to the capital to complain.

There was no way he would not sue.

"Xiao Xu, you ...... You really don't need this!" Jiang leaders don't know where to start, in fact, the requirements of Jiangnan Province are really not high, and the layout of Huayin Consortium in Jiangning is a little more balanced, for example, the center of gravity of Huateng Seiko Group can be moved to Jiangnan Province.

As long as the Huayin Consortium is a little more balanced, let alone half a year, it will take a year, and Jiangnan Province can also fight for it, that is, let TSMC invest in Xizhou and Wuzhou, and avoid the nest of the Huayin Consortium, then there is no problem.

This one...... Don't talk about it, and if you don't agree with it, you will go to complain, it's too hurtful!

"The game between Chinese and American semiconductors and the entire IT industry has entered a white-hot stage, what is the attitude of the United States towards Huateng Electronics Group now, whether to release water behind the scenes, let TSMC introduce 16nm technology to the mainland, I am afraid we don't need to painstakingly collect intelligence, but also roughly guess. Xu Teng can still be reasonable, and analyze the other party's mistakes with Jiang Leader one by one, "As for Taiwan, what is my attitude towards Taiwan's economy, and what is the attitude of the general level now, it is impossible for the province not to be clear, what do you think I need to say, does the province really think that I have had a very easy time these years? Does the province feel that I still have the spare energy to consider the question of which is better or worse in Jiangnan and Jiangbei, Jianghuai and Jiangxi, and which is more important?"

"This ...... Xiao Xu, in fact, we all know that you are working hard, and we all know that you are under a lot of pressure now, but you touch your conscience and think about it for us, and we are also under a lot of pressure to be leaders. Now you young people are saying that there is no harm if there is no comparison, and your Jiangzhou has been so high-profile in recent years, and it has done great harm to our province. "Leader Jiang is talking from the bottom of his heart, from the bottom of his heart, don't say that he thinks about it back then, it was the year he just mentioned the deputy provincial level, and there is still a big gap between Jiangzhou and Ningzhou.

It's only been a few years, four years, Jiangzhou is already one of the top five and six first-tier cities in the country, the housing prices are only about the same as Ningzhou, or even a little lower, the subway, light rail are more than Ningzhou, the repair is fast, and the people have great opinions.

Ningzhou graduates every year, graduate students, doctoral students, has always been only less than Beijing and Shanghai, in the past they all ran to Wuxi, to Shanghai, but now they are all to Jiangzhou.

If this continues, how will Jiangnan Province develop?

The IT industry, the semiconductor industry, the Huayin consortium should be retained in Jiangzhou, Jiangnan Province has no opinion, steel, shipbuilding, automobiles, machine tools, ...... It's always okay, right? The Huayin Consortium either doesn't do it, or if it does, it doesn't keep it for Jiangnan Province.

Tossed to this day, Jiangnan Province, the second-largest province in the country in terms of GDP, actually accompanies the prince to study, and it is to make industrial support for Jianghuai Province, a medium-sized province with the sixth GDP, which hurts self-esteem!

Hurting self-esteem is not a problem, the question is how much will this situation deteriorate in five years, ten years?

"In the land of two rivers, the population of the two provinces is about the same, and the GDP is 1.72 times that of Jianghuai Province, you are 5.5 trillion yuan, and Jianghuai Province is 3.2 trillion yuan. ”

"There is only one Jiangzhou City in Jianghuai Province, and the other cities are very ordinary third-tier cities, with 300,000 college graduates and 550,000 high school graduates every year, which are all new employee reserves in the bowl of the Huayin Consortium. On the other hand, how big is the area of your urban area and how big is the total area? Even if your province decides to expand the land of Ningzhou, where will it expand? Jiangzhou's 12 districts have an urban area 1.5 times that of Ningzhou and a total area of 1.73 times, all of which are for the service of the Huayin Consortium. ”

Five years ago, we felt that the air was poor, the province moved out the thermal power plant, Jianggang dismantled half of the crude steel production capacity, and all the cement plants from Gyeongju to Jiangbei were demolished, all relying on debt to expand light rail and subway, and fully use electric buses. Our biggest pollution sources in Jiangzhou are two, one is car exhaust, the other is the pollution of Ningzhou, fortunately the northwest wind is the main winter wind, otherwise these sacrifices paid by Jiangzhou are meaningless, the people of Jiangzhou are now most afraid of the northeast wind, this wind blows, Ningzhou's haze is all over. ”

"Jianghuai Province is a relatively weak economic province, which is actually a very special advantage for the Huayin Consortium, and our industrial chain is derived from Huzhou to Yuzhou, and the focus is indeed on dispersing from Jiangning to the west. ”

"Why?" Xu Teng analyzed the situation with Jiang leader one by one, proving that he did not make decisions out of personal feelings, "Because the labor supply is abundant, the salary is low, and it is easy to control, most of the workers are local and stable." Siemens' switch cabinet factory is located in Shanghai, 1/4 of the accessories are imported, and 3/4 of the accessories are from Shanghai and the surrounding areas. The switchgear factory of the Central Control Group is in Ningzhou, however, 1/2 of the accessories come from the central region of Jianghuai Province and the Yangtze River Economic Belt, the last comparison, the same technical standards, a set of low-voltage switchgear of the Central Control Group is more than 25% cheaper than Siemens, the reason is a word, people. ”

"Therefore, Siemens' plant in Huzhou is going to close, ABB and General Electric's domestic plant is also going to close, can't do it, 65% of the market is the central control group, and the remaining 35% of the market share is still competing with various small factories and internal units of the power system. ”

"In the final analysis, they did not take advantage of the Yangtze River Economic Belt, and we used it very well, we can put the unimportant parts factory in the county-level industrial park production, relatively important, the high precision requirements of the parts factory in the municipal industrial park, the highest requirements of the factory in Jiangzhou, Ningzhou is responsible for research and development, assembly and after-sales. ”

"Why don't I put all the industries in Jiangnan Province, because you don't have so many people, many factories are recruiting a large number of workers from other provinces, and after the Chinese New Year, I went to another factory, and cultivated for a year, and the high-precision process is not as good as the factories in Gyeongju and Tongzhou in terms of yield rate. ”

"Doing business, fighting to the end is fighting people, your province has no surplus labor to carry the entire industrial system of the Huayin Consortium, you just want factories and industries, but the result is only to recruit workers from other provinces to contribute to the output value of your province, is this kind of thing really meaningful?" Xu Teng opened all the chatterbox today, and asked the leaders of Jianghuai Province and Jianghuai Province, is this kind of thing meaningful?

Leader Jiang was silent, of course this kind of thing is meaningful, the GDP of the Pearl River Delta and Beijing-Tianjin-Hebei is not also piled up by the labor resources of the whole country, but he really can't say this kind of thing in front of Xu Teng.

"I can't let you come in vain, the headquarters of the Central Control Group will continue to stay outside Ningzhou, and some supporting industries can be transferred to the Jiangbei region. In addition, our venture capital in the whole province of Jiangnan can be expanded, and AIG Asia Fund can provide more venture capital financing to entrepreneurial projects in your province, and the key is that you have to have a surplus supply of talent. "The concessions that Xu Teng can make are so big.

As for the things that Jiangnan Province wants, it is hoped that the Huayin Consortium will take action to solve the steel industry and shipbuilding industry in Jiangnan Province, transfer the machine tool industry to Jiangnan Province, and transfer the machine tool industry and semiconductor industry under the Huayin Consortium to Jiangnan Province on a larger scale, which is not possible.

This thing is called greed.

In order to achieve long-term stability and low cost, the manufacturing industry of Huayin Consortium is along the Yangtze River line, and has been continuously implementing the decentralization strategy in the past ten years, taking machine tools, construction machinery, shipbuilding, electrical automation, and semiconductor industries as examples, and basically realizing the large layout from Huzhou, Wuxiyangtai, Ningzhou, Jiangzhou, Qingzhou, Central China, and Sichuan and Chongqing.

In the past ten years, how much economic, political, infrastructure and financial efforts have been made by the Huayin Consortium, how many local protection and rigid policies have been broken, how much lobbying work has been done from the central to the local, how many railways, ports, high-speed and provincial highways have been financed and expanded along the Yangtze River Economic Belt, and how many rivers have been dredged, so as to build a complete "Yangtze River Economic Belt Integration" logistics system with Jiangtai Group as the center, and control the cost of transportation to the minimum.

Jiangnan Province was not satisfied and felt that he had suffered a loss, so he wanted Xu Teng to turn all the tables and relocate these industries back, otherwise, they would start another set of support.

Xu Teng doesn't care.

If you do it brutally, you will vigorously support it, and if you don't crush these new enterprises and new factories supported by your province, he will not be called Xu Teng.

Xu Teng dared to be so tough, and he also had the sword of Shang Fang in his hand, and the idea of the Yangtze River Economic Belt was put forward by him, and it was basically promoted by him.

From top to bottom, from the central government to all the provinces within the economic belt, they are all very satisfied and supportive, and Jiangnan Province is a very small number of complaints, which is understandable, because so far, Jiangnan Province has always belonged to the side that suffers from losses.

One of the most typical examples is Sunshine Cable and Far East Cable, which were originally large financial and tax enterprises in Xizhou, and since 07, 75% of their production capacity has been gradually relocated to the Central China Economic Zone.

In five years, Jiujiang has become the largest cable manufacturing center in Asia.

07 years ago, most of the accessories of the central control group are basically concentrated in Jiangnan Province, to 2012, 75% of the parts system from the entire Yangtze River Economic Belt, in the past, you in Jiangzhou factory, to purchase a circuit breaker from central China, the cost is very high, with the high-speed rail, aviation system is more and more perfect, with the growth of production capacity in central China, the procurement cost continues to drop sharply.

The Huayin consortium has supported one of China's largest, most advanced technical research and productivity in Wuchang, and is also the world's largest circuit breaker manufacturing giant, and now includes ABB, Siemens, and General Electric in the global vacuum circuit breaker, which is also to be purchased from this company, and their own part of their business and technology have been sold.

The capital is very realistic, high quality, low cost, reliable production capacity, why should I produce it myself?

This is a general trend in the development of the Huayin Consortium and its supporting suppliers, with the nine major industrial groups of the Huayin Consortium as the center of 220+ large and medium-sized supporting enterprises, covering the entire Industry 3.0 system, each is constantly expanding production capacity and technical standards, either with the purchaser, or to the origin of materials, or to the talent intensive, or to the logistics hub station, forming a "relatively centralized, regionally dispersed" Yangtze River Economic Belt industrial chain layout.

In fact, the Huayin Consortium is along the Yangtze River from central China to Jianghuai Province, along the middle section of the Yangtze River line of 3 provinces and 9 cities, using the Yangtze River waterway, high-speed rail, railway, highway network, aviation network, to build a Jiangzhou-Hubei Province "Jianghan Economic Zone", make full use of the labor resources, preferential policy space and finance of each province, and then through the integration of Jiangzhou and the "Yangtze River Delta Economic Zone", through the integration of Hubei Province and the "Sichuan-Chongqing Economic Zone", to achieve the entire Yangtze River Economic Belt.

In this way, Jiangnan Province must have suffered a loss, but the Huayin Consortium has definitely earned, and the homeopathic expansion of the real estate and financial industry alone has made the Huayin Consortium gain a lot, and the concept of the Yangtze River Economic Belt is the key operation scope of the Huayin Consortium after 2012.

This is still Xu Teng's experience, many times, making money and doing a career are often two different things, the real money is always a short-term and fast tyrannical game, and doing business is a long-term layout, a long stream.

For the sake of the selfish interests of a province, Jiangnan Province wants to use TSMC to force Xu Teng and the Huayin consortium to comply, which is really too simple.

After Xu Teng made a large-scale strategic adjustment, Jiangnan Province and TSMC were very embarrassed, especially TSMC, it is not possible to invest in the mainland, and it is also painful to invest in the mainland.

Xu Teng's side has already made a perfect layout, just wait for TSMC to come, and as for Jiangnan Province, don't expect to restore the relationship with the Huayin consortium in a short time.

April 2013.

The visit of the Swedish Prime Minister and the Swedish business community to China will not only elevate Sino-Swiss relations to a new level of strategic cooperative partnership, but also launch the first round of formal negotiations on the Sino-Swiss free trade and investment agreement.

Xu Teng ignored the ideas of TSMC and Jiangnan Province for the time being, and flew to the capital two weeks in advance to personally coordinate the negotiations between the Chinese and Swiss business circles behind the scenes.

Although both sides have proposed mergers and acquisitions for Volvo Group's truck and bus business, Xu Teng, as the ultimate boss, considered the long-term development of the Huateng automobile brand and vetoed this proposal.

Liu Junsheng and Li Yifei's proposal is a bit complicated, to merge Volvo's truck, bus and car business at the same time, into the Huateng Automobile Group, first of all, not to talk about the complexity of this asset operation, if the Huateng brand and Audi insert a Volvo, it is also tantamount to limiting the Huateng brand, forcing the Huateng brand can only be limited to the current low-end models.

This is a situation that Xu Teng cannot accept.

As a big boss, Xu Teng's requirements are clear, Audi and Scania occupy the high-end market, Huateng occupies the low-end market of the car business, as well as the mid-to-high-end market of trucks and buses, and finally has to slowly assimilate the Scania brand and product line.

Xu Teng's real interest is Volvo's construction and construction equipment, marine and industrial application power systems business, as well as Volvo Trucks' Mack trucks business in the United States...... To be precise, the Ford Group of the Bowward Automobile Alliance has an interest in the Mack truck business in the United States.

The current global economic situation is actually very bad, and in the long run, it will be difficult to usher in a new economic peak in the next decade, and the global manufacturing industry will have to absorb capacity and shrink employees.

The first round of contacts between the two sides began in January 2013 and has been held four times, once a month, for five working days each time, and several rounds of negotiations have failed to achieve any results.

The goal of the Huayin consortium is to acquire the Volvo Group's construction and construction machinery and equipment, marine and industrial power systems businesses...... If you think it's an exaggeration, it only means that you are too old and still alive in the 90s of the last century.

Louis Schweiser, chairman of the Volvo Group, is a typical old man who lived in the 90s of the last century, and also lived in the dream era of the top 500 foreign companies in China and the acquisition of high-quality assets.

This person's negotiating opponents are two senior joint partners of the Huayin Consortium, Liang Weigen, chairman of Huateng Heavy Industry Group, and Chen Zhixin, chairman of Huateng Automobile Group.

At this time, Huateng Heavy Industry Group surpassed Hitachi Construction Machinery and Volvo Construction Machinery in 2010 through the integration of XCMG, Jessie Borough and Wirtgen Group of Germany, and its total sales and profit scale were twice that of Volvo Construction, second only to Caterpillar and Japan's Komatsu Group in the global market.

As for the Volvo Group's "marine and industrial application power system business" - diesel engine and power pack system, the global market share is also among the top ten, although there are technical merits, but it is not much better than the French Baudouin power company acquired by Huateng Heavy Industries Group in 2009.

As the saying goes, peers are enemies.

In the end, the two sides not only did not reach any agreement, but also vetoed all asset restructuring and cooperation plans.

In the end, there was no choice, Xu Teng personally came forward to negotiate with seven representatives of the major shareholders of Volvo Group, including Louis Schweizer, chairman of Volvo Group, and Peter Wallenberg, on behalf of Huayin Consortium and Baofuhua Automobile Alliance.

Arriving at the venue, Xu Teng made his meaning very clear, this is the last negotiation on the integration of Volvo Group's truck, construction and ship power businesses, and it is not possible to negotiate in a day, so this matter is not allowed to waste time in the future, and it is not necessary to damage the cooperation framework between the Huayin consortium and the Swedish capital.

The result is really PASS.

Xu Teng and Chairman Louis Schweizer talked face-to-face for two hours, basically listening to each other's real thoughts about the Volvo Group, and then politely asked the other party to leave the venue, turning the page, and never talking about it again, which was a complete waste of time.

Xu Teng personally presided over the negotiations, and the progress of all the negotiation agenda could only be accelerated in an all-round way, except for him, Chairman Peter Wallenberg and four other representatives of the Swedish capital side, the other negotiation teams entered the venue one after another.

Soon, he asked the two groups of negotiation teams of Central Control Group and ABB Group, Shenzhou Electric and Electrolux to go out, and they all went out to reflect on where they went.

At noon, the Swedish capital finally understood what Xu Teng meant in China in the Huayin Consortium, he was not Liang Weigen, not Chen Zhixin, not other co-partners of the Huayin Consortium, and he could change his mind at any time, let alone a day, not an hour would be wasted.

Xu Teng doesn't even care about the Sino-Swiss industrial cooperation framework at the political level, even if this framework is promoted by him.

He doesn't care if this specific offer is $1 billion or $1.2 billion, what exactly do you want, what is the acceptable way of cooperation, to make it clear, he can't accept it, you get up and go out.

His wealth and power are trillions of dollars, he is the tyrant of the entire Chinese economy, everyone is an equal second-class person in his eyes, and all companies are equal small companies in his eyes.

Xu Teng personally presided over the negotiations, and all the negotiation teams of the Huayin consortium and the Swedish capital side went through all of them, and finally reached a formal cooperation framework agreement on the negotiation of the knife industry until more than 9 o'clock in the evening.

Huateng Heavy Industries Group has made up for its shortcomings in the mining sector by acquiring Sandvik Group's mining and construction equipment industry for US$15.5 billion.

In return for the sincerity of the cooperation, Xu Teng finally agreed to make the concessions that the other party had always wanted in the negotiations on the machine tool and tool industry that the Swedish consortium was bound to win.

He agreed to the cooperation plan of the Swedish side, ended the seven-year special cooperation relationship with the Israeli ISCAR Group, and re-chose to form an alliance with the Swedish tool giant Sandvik.

On this basis, the merger of WORRICK and Seco Group will be the world's No. 1 supplier of machine tool parts and systems, jointly controlled by Huayin Consortium, Yinruida Consortium and Sandvik Group, providing comprehensive system solutions from bed, spindle, transmission, guide rail, tool, operating software and design consulting for global machine tool enterprises and CNC machining centers.

Southern Tungsten Group, a subsidiary of Huayin Consortium, has also absorbed the technology and capital of Hegnas Group and has become an international hard carbide supplier jointly controlled by Huayin Consortium, Minmetals Group and Hegenas Group.

This series of capital operations, in essence, is to make Sweden in the competition with Israel, Germany to the last laugh, can rely on Sandvik, Worrick Shangao, South tungsten this set of precision lineup, occupy China's CNC machine tool system high-end accessories and high-end carbide tools half of the country.

After the negotiations between the Huayin consortium and the Sandvik Group and the Hegnas Group are reached, the business circles of China and Sweden will be able to take a breather and basically not let the Swedish Prime Minister have no substantive achievements on his visit to China.

In the following days, Xu Teng did not directly preside over the negotiations, and let the various negotiation teams of the Huayin consortium and the Swedish capital side continue to negotiate on their own, continuing to waste time.

This incident actually touched Xu Teng very deeply, and he realized more deeply that for Sweden, there are actually only two countries in the world, one is Sweden and the other is a foreign country.

At both the capital level and the political level, China and Sweden have a strong desire to deepen Sino-Swiss economic cooperation and shrink the scope of competition, but when it comes to cooperation negotiations at the enterprise level, serious contradictions and conflicts have repeatedly and frequently arisen, and repeated talks have been defeated.

The Swedish capitalists led by the Yinruida consortium really want to cooperate with the same as in the 90s of the last century, they invest in mergers and acquisitions of Chinese enterprises to eliminate competition, compared with the past, the biggest difference is that they are willing to leave 49% of the shares of Chinese capital.

Even in a relatively poor situation, Swedish capital hopes to achieve a fair integration of 50% and 50% with its own technology, brand, product and customer accumulation, and use the so-called co-holding cooperation framework to devour the advantages of the Huayin consortium in terms of capital, production capacity, cost control, and local and emerging economy markets, which can be used by Swedish enterprises.

It took Xu Teng 4 months to come to this conclusion, unfortunately, he can't tell the Swedish capital layer about the Yinmei plan - there is only one truth, with the nine major industrial groups under the Huayin consortium, as well as dozens of central enterprises such as China Shipbuilding, AVIC, and SINOMACH, as well as other 300+ Chinese high-quality manufacturing enterprises, the Chinese "Huateng Industrial Consortium" formed by the demand for Swedish technology is not as high as the self-righteous Swedish capital circle.

For the "Huateng Industrial Consortium" with the Silver Charm Plan, there are Ericsson, ABB, Volvo, Saab, Sandvik, Hegnass, Copco, TMC, Electrolux...... It is naturally a good thing for these Swedish Fortune 500 companies to join, and it doesn't matter if they don't join.

Although Xu Teng promised to form an alliance with Sandvik and promised to end the special cooperative relationship with Israel's Iscar within three years, this does not mean that he has really made a huge concession to Swedish capital, because the entire "Huateng Industrial Consortium" also controls a set of international tool and hard carbide suppliers mainly based on Manchester Metal + Leitz, which are smaller in scale and have a more complete product line and technology.

With the development of "Manchester Metal + Blues" within the Silver Charm Project, ISCAR's importance to the "Huateng Industrial Complex" has actually been declining, and sooner or later it will decline significantly.