On the agenda of the second day of the second annual meeting of the Huayin Consortium in 2010, Xu Teng's opinion finally became the mainstream voting result. Pen % fun % Pavilion www.biquge.info

Nothing is impossible in this world.

In China in the 80s, who would have thought that the world's top high-quality enterprises such as Panasonic and Toshiba would face the crisis of bankruptcy? Who would have thought that Sony would eventually become a civil construction developer and shrink into the real estate industry in Japan?

Therefore, starting in 2010, it is really hard to say whether Boeing and Airbus will collapse in 30 years.

Xu Teng's goal is still very realistic, starting from the ARJ21 regional airliner, business jet and C919 100-seat large passenger aircraft market, one step at a time, Huayin Consortium to preside over the overall situation, then it will not be like state-owned enterprises only poaching people from Ukraine.

He poached people from Europe, Canada, Embraer, the United States, Gulfstream, the whole team, global design companies, and even direct mergers and acquisitions of European and American companies with mature products and technologies, occupying a market position in an initial stage.

The Huayin consortium injected 22 billion yuan to account for 55% of the total share capital, and the state-owned shares accounted for 45%, and it was listed five years later, listed on the GEM, and the stock price increased tenfold.

Many of the joint partners were originally worried, but after hearing that Xu Teng's main goal was to be listed on the GEM, they immediately voted to approve this wonderful business plan.

Therefore, a private enterprise is a private enterprise after all, and the listing circle makes money, and then we will make a fortune first.

Xu Teng is also a red heart and is ready with both hands, if AVIC and Huzhou do not agree to the long-term holding of Huayin Consortium, he will not do this business, and concentrate capital advantages to do the industry that Huayin Consortium can do well.

After all, the large aircraft industry is not so easy to do, and the 15 billion funds provided by the government, plus the 22 billion that the Huayin consortium is willing to provide, are all RMB, which will not be able to make a profit at all.

If you don't expand the aircraft industry, it will be enough to continue to inject these funds into the machine tool industry.

According to most of the consortium's industrial planning ideas, it can basically be described as "self-tax reduction", engaging in "complete machine" enterprises in China, merging and approving supporting enterprises in Europe and the United States, and gradually moving the registered places of supporting enterprises to Belgium, Switzerland, the United Kingdom, Ireland and Luxembourg...... In the United States, European countries with lower corporate taxes take advantage of the different preferential tax terms of each state government, as well as special free trade agreements between the United States and its allies.

In short, profits should be transferred to European and American countries and regions with lower corporate taxes as much as possible, which is similar to most foreign-funded enterprises and multinational giants, and the burden of paying taxes will be handed over to central enterprises and state-owned enterprises.

The advantage of this is actually conducive to the balance of international trade, at least on paper.

In recent years, domestic enterprises have been keen on mergers and acquisitions of overseas supporting enterprises, in fact, more or less have this idea, first acquire, and then transfer registration, do more, Europe will not be happy, especially Germany.

Now, the Europeans have not fully woken up, the resistance to Chinese acquisitions is not very large, Huayin consortium in 2007-2009 in Europe in the total acquisition of up to 40 billion US dollars, all of which are a variety of small and medium-sized high-quality enterprises that do not attract attention, to Huateng Automobile, Sino Soar Group, Huateng Heavy Industry, Huateng Electronics, Huateng Hi-Tech, Shenzhou Electric Group...... To do supporting small enterprises, now we must continue to acquire a number of small and medium-sized high-quality enterprises to Huateng CNC Group.

On the books, the scale of Huayin Consortium's imports from Europe is very high, in fact, it is left-handed to right-handed.

Since 2002, the Huayin Consortium has paid special attention to the acquisition of high-quality small and medium-sized enterprises in Europe when Mr. Xu was the chairman of the board.

In the past two years, because the general environment in Europe is too poor, the speed of acquisition has accelerated several times, and 90% of the enterprises are traditional manufacturing industries with technological advantages in Europe.

Therefore, the manufacturing industry group under the Huayin consortium has been under great pressure in the past two years, and while overseas acquisitions, technology, and brands are obtained, they must also share the loss pressure of others.

If someone else doesn't lose money, they may not sell it to you.

At the second annual meeting in 2010, the agenda of the next few days was devoted to discussing these issues, and the balance between profit transfer and loss control should be as much as possible.

For example, whether the factory in Germany can be transferred to Hungary and Romania, and the R&D center can be divided into two or even five, and the main work will be carried out in China.

If the German government and trade unions do not allow it, then how to negotiate a deal to achieve a win-win situation, such as increasing investment in Germany's financial and network technology industries, and increasing jobs and investments in automotive research and development centers.

This is international free trade.

The multinational consortium can make perfect use of the different industrial policies and talent advantages of various countries to maximize benefits, and the Huayin consortium has 12 operation centers in the European Union, employing more than 2,000 policy consultants, investment consultants, legal advisers, lawyers and senior accountants, which are dedicated to dealing with these messy matters.

In particular, Huateng Company, the backbone of the Huayin Consortium, has an international employee ratio of more than 2/5, and 1,500 of the 3,700 employees are overseas employees, working overseas, with branches in G20 countries around the world, close cooperation with public relations and lobbying firms, and close contacts with more than 100 international NGOs.

From this point of view, the Huayin consortium and all the enterprises in China are not at the same level, the degree of internationalization is very high, the progress in the global free trade system is rapid, and all kinds of means have been played perfectly, shameless to the point of not feeling shameless, which can be called a well-deserved multinational consortium.

This is the reason why in today's highly information-based society, the Huayin Consortium also holds annual meetings twice a year, and many things are not suitable for discussion in video calls, and can only be discussed and voted on internally through closed-door meetings.

Although each annual meeting is held in China, anti-investigation and anti-eavesdropping work are the first priority, and no record will be kept of what each associate partner says about some special and important matters.

There are many things that Xu Teng and a certain co-partner, or a senior partner know, and other people may know in their hearts, but they can only be regarded as not knowing, don't think that investing overseas will not involve corruption and moral issues, even in the European Union and the United States, these problems still exist, but other people's systems are more "reasonable".

In this world, if power does not bring benefits, there will be at least half the number of politicians in the world, and half the bureaucrats in the EU Parliament.

Xu Teng said unceremoniously that among the current developed economies, the most bureaucratic and stiffest is Europe, from the European Union to various member states, and more than a dozen commissioners can have real power to mix in a big matter.

Especially in the European Union, when a meeting is held, at least a few thousand people, from parliamentarians to staff and assistants, circle around the meeting, and there are all kinds of chaotic meetings from morning to night.

Why the European debt crisis has not been resolved for a long time, and it is becoming more and more intractable, if Xu Teng wants to say, it is a system problem.

The scale of the assets of the Huayin consortium in the EU is so large, then there must be no negligence in all links, these people are typical of insufficient success, more than failure, they can't help you, but they can destroy you, any one has a way to destroy you.

Therefore, for the Huayin Consortium, the domestic investment environment is absolutely the best, and the domestic system is indeed conducive to large enterprises, the larger the enterprises, the larger the Huayin Consortium, the benefits are really difficult to measure.

Even if it is now in 2010, the Huayin consortium wants to invest in a factory in which province or city in China, the land is basically free of money, lack of roads to build roads, lack of water and water supply, the tax policy in the first five years is halved, the first three years are tax-free, and the next five years are halved.

Small businesses, then ask for more blessings.

At the end of the second annual meeting in 2010, most of the joint partners went directly south to Boao to participate in this year's China Enterprise Summit, while Xu Teng went north alone to negotiate with the central enterprises and the State-owned Assets Supervision and Administration Commission.

The matter of the large aircraft industry, before and after more than a dozen rounds of talks, Xu Teng came back before the agreement is to inject 20 billion yuan, temporarily hold 51% of the equity, 30% of the equity is held on behalf of the company, as long as the Huayin consortium will operate the large aircraft industry to be listed, the AICC Group, which is mainly engaged in the domestic aviation industry, can repurchase at any time according to the stock price and get back the controlling stake.

According to this agreement, Xu Teng will definitely not lose money, of course, it is impossible for AVIC to let him make too much, and it is impossible to wait until the stock price increases five times before buyback.

Xu Teng's mind has changed now, he is really ready to invest in the aviation industry for a long time, he estimated that it will not be easy to hold new negotiations, but he did not expect that the conditions of AICC Group are very simple, the factory and design center must be kept in Huzhou.

Because AICC Group and Huzhou have reached an agreement, the core is "land", a lot of land, some in urban areas and some in suburbs.

What else can Xu Teng say, no wonder everyone says that AICC Group is a real estate company.

To tell the truth, when Chairman Tang of AICC offered this condition, Xu Teng really looked loveless, and really wanted to pinch the other party's cheek and remind the other party loudly, you should do a promising industry like aviation, if you don't learn from the good, you can learn from the bad, and you actually learn from us to engage in real estate development?

Chairman Tang is still reasonable, knowing that AICC has no place in the real estate industry in Shanghai, and there is also a lack of high-end talents in this area, and is ready to cooperate with Huateng Land Group, a subsidiary of Huayin Consortium, to develop.

To put it simply, AICC Group does not pay a penny, only responsible for the land, and Huateng Land Group is responsible for the money, development and operation, and the profit is divided in half.

Although AICC Group is one of the top ten military industrial groups, it has land reserves in many important cities across the country, and it still lacks experience in capital and real estate operation, so it actually wants to make friends with the Huayin Consortium.

AICC Group also has a lot of listed companies, the recent GEM is about to open, people also have a few IPO quotas, I really want to deepen the cooperative relationship with the Huayin consortium, quickly and conveniently to achieve the preservation and appreciation of state-owned assets.

Aviation port, AICC is the boss.

How to say it, Lang is affectionate, the concubine is intentional, and it is a good match.

Xu Teng didn't expect the negotiation to be so smooth, since there is no controversy about the long-term handover of the Huayin consortium to control the commercial aircraft industry, let's talk about the following matters, which famous enterprise in the international aerospace industry to acquire, one step in place, first occupy a part of the international business jet market.

Gulfstream, Cessna, Diamond, Bombardier ...... As long as the bargaining chips for the transaction are in place, it is possible, depending on Xu Tengshe's reluctance, and Cessna is more likely, because Cessna's main controlling parties are General Dynamics and Gruss Trust...... Both are also shareholders of the AIG Group.

Gulfstream is too important for General Dynamics and United Technologies, and Bombardier's iconic position in Canada makes these two acquisition targets unrealistic.

The AICC Group has no opinion on its part, and in their opinion, the acquisition of Cessna Space is already very powerful, and it is definitely a first-class performance.

Xu Teng talked in the capital for four days, and basically negotiated these things, and then flew to Boao with Chairman Tang of AICC.

He has not attended the Boao China Enterprise Summit for two years, and it is definitely unreasonable for him not to go this year, because the Huayin Consortium is one of the organizers of the Boao China Enterprise Summit.

This year, there is also a very heavyweight leader to attend the opening ceremony, so Xu Teng must be present, and there is an opportunity to meet and talk in the middle, which is estimated to be about half an hour.

Half an hour is also quite remarkable.

Because of the big policy of 4 trillion yuan, the development of China's economy in 08 and 09 is at the speed of light...... As we all know, stimulated by the country's ultra-loose financial policy, the scale of investment released by the private sector is more than 4 trillion, and the total debt of local governments at all levels alone has exceeded 20 trillion, of which 40% has surged in 08 and 09.

At this stage in November 2010, things started to go wrong, with overseas exports continuing to decline, global commodity costs and prices remaining high, and domestic overcapacity causing downward pressure on prices.

Many small and medium-sized enterprises in this period, has a lot of pressure, inventory pressure, financial pressure, all aspects are tightening, one of the most obvious characteristics is that real estate developers began to run away, in many three or four cities, there is constantly news that real estate developers run away.

The government has not contracted monetary policy, however, the lending and money supply in the market is still tightening across the board, and local governments are forced to borrow money from various private equity funds.

Even a multinational financial consortium such as the Bank of China Consortium has to change its lending policy in the domestic market and give priority to ensuring the flow of funds of the consortium itself, which shows how tight the entire market is.

At this stage, China's economy is facing four problems -- huge investment and debt, huge inventories and production capacity, but the country's total consumption has not surged, and the growth of foreign exports has completely stagnated.

Borrowed a lot of debt, invested in a lot of production lines, produced a lot of goods, and couldn't sell them.

This is a national issue of financial flows.

Therefore, at the previous second annual meeting of the Huayin Consortium, everyone complained about Xu Teng - especially the joint partners who did business, the pressure was too great, things were sold, the accounts could not be recovered, or even could not be sold at all, the inventory pressure surged, and overseas orders continued to shrink and default.

Commodity and raw material suppliers are still raising prices, and Rio Tinto, BHP Billiton, and Vale are killing chickens and eggs, and are still clamoring to raise the price of high-speed rail ore.

Li Dongsheng told Xu Teng the truth a week ago, he has been in the home appliance industry for 25 years, except for 94 and 95 years, he has basically never seen a more dangerous situation than today.

Of course, Li Dongsheng is now mainly worried that there will be problems in the supply chain of Shenzhou Electric Group, such as the supply of upstream parts, and problems with downstream sales agents.

Because the backward production capacity of the Huayin consortium is very low, its manufacturing industry is basically capital and technology-intensive, which basically represents the best manufacturing industry in China.

At this year's Boao China Enterprise Summit, almost half of the top 500 Chinese enterprises were listed, and many of these companies may not be as lucky as the Huayin Consortium.

Sure enough, during the symposium visit on the day of the opening ceremony, many enterprises clearly asked the government to introduce policies to limit backward production capacity, introduce new monetary policies, and increase the flow rate of domestic funds.

There are many leaders who came to participate in the summit this time, and the leaders of the central bank and the National Development and Reform Commission have basically arrived, and they also want to use this summit to listen to the opinions of enterprises.

As a result, unexpectedly, the opinions of the Chinese business community were fierce.

This is the 7th China Enterprise Summit, or is it about the same as usual, for a week, the main agenda and heavyweight interviews and speeches are concentrated in the first three days, and on the evening of the third day, Xu Teng made an appointment with a few friends Mei Jiali, Chen Jian and Xing Huiyun to prepare for a pot of tea in the evening.

As soon as the tea was brewed, Xu Teng received a text message that Qiu leaders from the National Development and Reform Commission invited him to the conference room on the 4th floor of the Boao International Conference Center, and there were leaders who wanted to talk.

The leadership of Qiu's leadership, that's incredible.

Xu Teng didn't dare to delay, fortunately it was nearby, and immediately took the car back to the conference center, and entered the conference room to see that Bank of China, China Construction Bank, and Industrial and Commercial Bank of China were ...... The chairmen of the four major banks and the four small banks are all there, and two of them are joint partners of the Huayin Consortium.

In addition to the banking system, the Federation of Industry and Commerce, the National Development and Reform Commission, the central bank and some representatives of entrepreneurs from other industries are also there, including 7 co-partners of the Huayin Consortium alone, plus Xu Teng is 8.

Xu Teng came a little late.

Leader Qiu beckoned slightly, motioning for Xu Teng to sit down at the seat opposite the symposium table.

Dizzy.

Sit across from the big leader!

Xu Teng was very weak-hearted, but he still had to sit, try to be steady, and listen to the leader's speech.

The requirements of the leaders are very clear: the banking system must ensure the supply of funds in a quantitative manner, new loans can be stopped, loans for steel, real estate, and engineering projects can be stopped, and the flow of funds for manufacturing and important industries must be guaranteed.

What kind of projects can't be stopped, what kind of real estate loans can't be stopped, what kind of real estate loans can't be stopped, real estate loans in first-tier cities can't be stopped, loans for new production expansion and factory expansion should be stopped, and loans to ensure normal production should not be stopped as much as possible.

Although Xu Teng holds the title of banker, he does not hold any position in any bank, not a director, let alone the chairman, president, or director of the National Association of Banks.

For this kind of thing, it is enough to have Li Daxiao, the No. 2 person in the Huayin Consortium, present, and Xu Teng doesn't care about this business.

The superior leader spoke for more than 20 minutes in one breath, and finally took a sip of tea and asked everyone if they had any suggestions and different opinions, and if there were any problems and questions about implementation?

No.

The audience was silent.

"I also invited a lot of entrepreneurs who are engaged in industry to come over this time, just right, let's talk about this issue together, you Huateng entrepreneurs are the most, I will not point one by one. Your chairman is here, come and talk about your judgment on the domestic and foreign economic situation. "The superior leaders are hard, when they took office, their hair was black, but now they are gray and silver.

This is to Xu Teng speak on behalf of the Huayin Consortium, by the way.

"Then I'll say a few words. Xu Teng was a little afraid to look at the leader, holding his cheeks and thinking for a while, "We proposed at the end of 2007 that the 4 trillion policy is too radical, even if we really want to implement 4 trillion yuan, we must strengthen the debt control of local governments and the problem of the surge of backward production capacity in the country." Now it seems that the debt of local governments is basically controllable, and the problem of backward production capacity is not well controlled. In the past two years, many policies have also been introduced to stimulate consumption, and at present, the effect is not very good, the reason is simple, the life pressure of the Chinese people is too great. Children's housing and education expenses basically account for most of the consumption space. In the medium and long term, the economies of Europe and the United States will not improve substantially at all, because both Europe and the United States are in a situation of trade deficit, and both European and American debts are out of control. ”

"What I'm talking about is not the collapse of government debt, but the fact that as a government, whether it is a European country or the United States, it is basically unable to curb the growth of national debt, and can only tear down the east wall to make up for the west wall, and can only continue to borrow more national debt to make up for the shortfall. ”

"The reason is very simple, whether it is Europe or the United States, in global free trade, the overall loser, but the problem of losing more and losing less, and the growth of emerging markets has not made EU countries and the United States the biggest beneficiaries. Before 2007, our global trading system formed a large cycle, in which Asian countries accumulated wealth to buy European and American government bonds, lent money to the United States and Europe to maintain the consumer economy, and thus ensured the export and economic growth of Asian countries. ”

"We can only open a new cycle now, borrow from Asia, Africa and Latin America and emerging markets, ensure China's exports and economic growth, and promote the growth of domestic consumption and the development of the service industry, but I personally do not have too high expectations. ”

"In addition, on the issue of urbanization, I personally do not support the new urbanization idea of the existing county and town model, which is unrealistic. I think that the leading direction of urbanization in China should be the development of prefecture-level cities, and eventually it may be completely weakened at the township level, and the country's population is mainly concentrated in large cities and prefecture-level cities, and then counties. Because of the huge system and scale characteristics of the modern economy, there is no obvious economic ripple effect in a city with a population of 7 or 800,000 in the urban area. ”

"Therefore, my proposal is to prioritize the development of China's urbanization in prefecture-level cities, and to increase the supply of land in prefecture-level cities...... Of course, I'm just talking about it casually, anyway, in the current economic situation at home and abroad, I can only say that the next ten years will be an era when the world will be worse than anyone else, and we just need to be better than other countries. Because with the internationalization of RMB, the original global economic cycle has been substantially broken, this road, we can only advance, can not retreat, then correspondingly, these years must have to suffer a little, anyway, not only China suffers, other countries must be more bitter than us...... For our Huayin Consortium, we have been mentally prepared for this for a long time. Xu Teng finished speaking.

In the conference room, silence continued.

Xu Teng's proposal is of course selfish, because the second annual meeting of the Huayin Consortium in 2010 has just made a new big decision to move industrial capacity to third-tier prefecture-level cities.

China's human resources are very abundant, with a population of 1.4 billion, which provides an infinite impetus for China's economic take-off, but also brings an inevitable negative factor - the real estate bubble.

This is a two-sided problem, inevitable, there must be yang and yin, and there will be advantages and disadvantages.

The experience and experience that the Huayin Consortium has slowly explored over the years is that transferring industrial production capacity to non-first-tier prefecture-level cities is the best choice, which has sufficient urban land resources and labor resources, and the land price is acceptable.

To put it simply, in a factory in a third-tier city, 4,000 can hire very good workers every month, and it is very stable, and most of them are locals.

Prefecture-level cities still have such land and labor resources, including policy resources and loan resources.

If it's to the county, it's more troublesome.

In first-tier cities, the salary is too high, the pressure on employees is also great, the whole enterprise is easy to be in an unstable state, others in your company for ten years can not afford to buy a suite, can not get married, you have to let others 100% dedication, to others enthusiastic research, love the post, cherish the post...... How can it be?

Since 2006, the Huayin Consortium has been slowly adjusted, and this year it is really determined that those who can be relocated will be relocated immediately - because if they don't move now, they will have to move sooner or later, and the land prices in first-tier cities will constitute a hard kill even to the high-end manufacturing and Industry 3.0 system of the Huayin Consortium.

Xu Teng decided to put the core manufacturing industry in Jiangzhou, Ningzhou and Xizhou, and the automobile industry and auto parts industry mainly stayed in Jianghuai Province, which has been considered to have won a lot of buffer time for the Huayin Consortium.

The great thing about the Huayin Consortium is that even if it withdraws to second- and third-tier cities, it can recruit the best talents in the country.

Even if some outstanding employees decide to stay in Beijing, Shanghai, Guangzhou and Shenzhen because of life reasons, the Huayin Consortium can not only retain talents through job transfers within the consortium, but also make up for the loss of talents through new recruitment, which is difficult for other enterprises to do.

This thing was not thought of at a glance, let alone predicted by Xu Teng or any of the joint partners, but an objective law that has been slowly discovered over the years, and with this law, the Huayin Consortium dared to withdraw.

The withdrawal is not to ensure the survival of the enterprise, but to establish a more stable enterprise, a better quality enterprise, and a more profitable enterprise.

"Worthy of being the richest man in the world, the chairman of the Huayin Foundation, the analysis is to the point, it is all the truth, and the advice is also very valuable. The leader also pondered for a few minutes, and finally gave a very positive evaluation of Xu Teng's words just now, "Actually, I want to know how the situation of your Huayin Consortium is now, and is there a crisis?"

"We're fine, we're under pressure, but there's no problem we can't overcome, and we've decided to pull most of our manufacturing out of first-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen. There will be no big changes in profits, but the life pressure of our employees will be much less, and I believe that the internal ecological environment of each company will become a little easier. We have always been very concerned about the life of employees, should be more concerned than most of the current state-owned enterprises, enterprises, people-oriented is not just talking and playing, nonsense and playing enterprises, do not expect to be the best in the world. ”

"So, we are really good now, especially in the current environment that is already worse than bad, our real estate inventory pressure is very small, the non-performing loan ratio and non-performing asset ratio of banks and insurance companies are definitely better than that of state-owned banks, and new forms of business such as financial insurance, credit cards, and electronic payment are much better...... Even in the manufacturing industry, the things we do are relatively less competitive, at least 55% of the product field, our biggest competitors are foreign capital. Now, the most feared competitor of our Chinese enterprises is foreign capital, and the most feared competitors are domestic counterparts. ”

Xu Teng was telling the truth, and only after saying it did he feel that he was a little too arrogant, this kind of opportunity should be a complaint, after thinking about it, he added, "We are good, it does not mean that small and medium-sized enterprises are good, because we stand at the top of China's industrial system, we are great white sharks, if we all have problems, then there will really be big problems." However, if the downstream and supporting small and medium-sized enterprises collapse, we will also collapse. ”

In the conference room, everyone was quite embarrassed, which was too arrogant.

"We've heard all kinds of bad news these days, and it's rare to hear a piece of good news, and everyone has to applaud. "The leader doesn't think Xu Teng is arrogant, this is a good thing, if all business owners are so arrogant, that's a real good thing!

As soon as the leader's words fell, the collective applauded warmly, all kinds of envy, jealousy and hatred.

"Chairman Xiao Xu, our leaders have been very worried recently, we can only be happy to see you, the opportunity is rare, we will give you another ten minutes to say a few more good news." I know there's a lot more to your good news. "Leader Qiu is really happy, let Xu Teng come over to report the true situation of the Huayin Consortium, this is his idea, and now it seems to be a good move.

"I basically solved the problem of the introduction of the 22nm production line of the chip industry and the 9th generation line of LCD panels during my time in the United States, but there are many things that cannot be said. Xu Teng continued.

"Okay!" Four or five leaders, big and small, all applauded and applauded warmly.

"In the commercial aircraft business, my plan is to directly acquire Cessna Aircraft Company in the United States, and I have communicated with several major shareholders in the past two days, and it is not too difficult. With Cessna's channels and resources, our product line will be richer, and the communication with international supporting enterprises will be more convenient. In this case, at least it will not be difficult for ARJ21 to pass the FAA. As for C919, I will slowly think of a way, it is impossible for the White House not to pinch, but there is always a way, in addition, I mean to change the number to C180, leaving enough space for subsequent numbering to develop slowly, this is not a hammer deal after all, if you want to do it, you have to do it for a hundred years!"

"Okay, then change to C180. "The leaders here are already impeccable.

"Do you still want to say it?" Xu Teng felt that he had almost said it, and he still had to keep some secrets.

"The general environment is still very tense now, it's rare to find some good news in your Huayin Consortium, that's definitely not too much!" The leaders are very happy, they are all drinking tea, and they are all raising their hands to encourage Xu Teng to blow boldly!

Xu Teng was like that anyway, he didn't have any positive feelings, he was quite calm, his eyes were lowered and he looked at his teacup.

He pondered in his heart, thought about it, and decided to say only one last piece of good news.

"We have actually absolutely controlled ARM and AMD, these two companies are actually headquartered in Ireland, our profits are still transferred, we still have to import high-end chips in trade, and it is even possible to be banned by the United States from selling high-end server chips. Whether it is a general-purpose chip, or a server chip, a mobile phone chip and an embedded chip, we basically do not have a large generational gap in the architecture design, once the 22nm production line arrives in Jiangzhou, around 2014, if the relevant technology is completely broken through, the United States in the field of chips high-tech blockade and ban is their own amusement. It has been 12 years since the Huayin consortium began to intervene in the chip industry in 1998, and in a few years, this problem will be almost 80% solved. 14nm process, the main core equipment, we have to find our own way, especially lithography machine, joint venture, wholly foreign-owned or not, must be engaged in the country, other equipment, in the past few years should be a breakthrough, I estimate that in the next five years, our chip industry, the entire industrial chain will have a comprehensive breakthrough, after all, 12 years, 12 years of hard work, there should always be a good result. ”

"The problem is actually a bit complicated now, this year, our country's total chip imports are 120 billion US dollars, of which 1/2 of the imports are from the United States, and in 2015, the 60 billion US dollars of imports have also been wiped out, whether it is a good thing or a bad thing, I can't say for the time being. Xu Teng finished speaking.

Once again, there was silence.

The U.S. trade deficit with China in 2009 has reached a record of $330 billion, and it will definitely set a record again this year.

In 2015, if progress and breakthroughs were made in all aspects, and the annual U.S. trade deficit with China became $400 billion, Xu Teng could not imagine what kind of situation it would be. (To be continued.) )