Fast forward to 1998, and the Asian economy did not end as those economists optimistically predicted, but continued to ferment.

At the beginning of the year, Indonesia's financial turmoil resumed, and in the face of the worst recession in history, the IMF's prescription for Indonesia failed to achieve the desired effect. On February 11, the Indonesian government announced that it would implement a linked exchange rate system in which the rupiah is fixed with the US dollar in order to stabilize the rupiah.

As soon as Indonesia's move came out, it was immediately opposed by the International Monetary Fund, the United States, and Western Europe. The International Monetary Fund has threatened to withdraw aid to Indonesia, plunging Indonesia into a major political and economic crisis. On February 16, the rupiah fell below 10,000:1 against the US dollar.

Affected by it, the foreign exchange market in Southeast Asia has made waves again, with the Singapore dollar, ringgit, Thai ringgit, Philippine peso, etc. falling one after another. It wasn't until April 8 that Indonesia reached an agreement with the International Monetary Fund on a new economic restructuring package that Southeast Asia's currency markets calmed down for the time being.

The continuous outbreak of the Southeast Asian financial crisis has put the Japanese economy, which is closely related to it, into a difficult situation. The exchange rate of the yen against the dollar fell sharply all the way, and by the beginning of April '98, it fell to the mark of 200 yen to 1 dollar" Time entered May, the yen exchange rate fell unabated, and once approached the 300 yen to 1 dollar mark.

Time has once again confirmed Qin Zihe's foresight on the Asian economic crisis, which has made many economists fall through their glasses. Qin Zihe has been paying attention to the trend of the yen, because Tongjiang Iron and Steel Co., Ltd.'s 3-year yen loan is about to expire, "history is still running according to the original trajectory, and when the loan is repaid in June, the yen will fall to the lowest point in history, and Tongjiang Iron and Steel will make a profit of more than 500 million yuan from this loan" This is definitely a major victory!

Tong Iron and Steel General Manager Tao Faqiang has been in a good mood suddenly nervous, Tong Iron and Steel economic and technological upgrading of equipment transformation, has already lost the loss of the hat, production capacity has also reached the design of an annual output of 6 million tons, "in the case of the domestic construction market, the company's production of various steel is in short supply" 97 years to obtain net profits, more than 100 million, although still owed the bank 500 million, and the government 600 million loans, but he has no pressure at all" In the second half of '96, I have got a net profit of 150 million plus the profit of the first 5 months of '98, and there is no problem with the government's due loans, and the bank is now coming to the door to give loans, "They don't lend 150 million loans due in 96 and 230 million loans due in 97, the company originally wanted to repay the bank, and the bank was afraid that they would not lend after recovering the loan, so they came to them to apply for a deferred loan, which was 5 years."

What Tao Faqiang has always wondered about is why Qin Zihe asked him to only apply for a three-year short-term loan from the Japanese government, "although it is low-interest", after all, it is interest-oriented, rather than a long-term interest-free loan of 30 years or 50 years. He has considered all of this, but Qin Zihe pushed him to the top and tried to help him solve his predicament, Qin Zihe listened to whatever he said, and in terms of economy, he was very confident in Qin Zihe!

With the outbreak and continuation of the Asian economic crisis, the yen has fallen all the way, which makes Tao Faqiang have a hazy understanding of Qin Zihe's approach, and the yen loan is clearly borrowed in yen, and the repayment is also in yen, and how much yen is borrowed and how much yen is repaid" is not linked to the exchange rate at that time.

With this discovery, Tao Faqiang suddenly became concerned about the exchange rate of the yen, and has been paying attention to the changes in the yen exchange rate, in April, "when the yen fell below the 200 yen and the dollar mark, Tao Faqiang's heart jumped out, obediently, if the repayment at this time is good, Lao Tzu will earn more than 300 million yuan out of thin air!"

However, there are still nearly 2 months before the time of repayment, which makes Tao Faqiang nervous all of a sudden, he is afraid that in these two times, what policy will the government promulgate, and then raise the exchange rate of the yen at once, won't it be empty of joy? He was so anxious that he went around the office, and finally couldn't help but pick up the phone and call Qin Zihe.

Hearing Qin Zihe answer the phone, Tao Faqiang hurriedly said, "Mayor Qin, I'm Tao Faqiang" Do you have time now, I have something important to tell you. "Although Tao Faqiang used to be the leader of Qin Zihe, even Qin Zihe called him a brother after he became the secretary of the Huihe Municipal Party Committee, but since Qin Zihe promoted him to be the general manager of Tonggang, he unconsciously regarded himself as his subordinate, and he no longer called Qin Zihe brother in private, and called him Mayor Qin very respectfully, and your word was unconsciously changed to your word!

As soon as Qin Zihe heard that Tao Faqiang had something, he said, "I just have time now, you can say it." ”

Tao Faqiang said: "Mayor Qin, isn't our company's yen loan about to expire, I didn't know why you asked me to apply for a three-year short-term loan, but now I understand that you have long expected the yen to depreciate" If you repay the money now, it is equivalent to the company taking 300 million yuan in the hands of the Japanese government!" ”

Qin Zihe heard Tao Faqiang say about the yen loan, smiled and said: "I have such a magical ability, I can predict what will happen in 3 years" It's just that I studied economics, and I have been in the United States for so many years, I know that the exchange rate of the yen has not been very stable, when your company applied for a loan from the Japanese government, I found that the yen was very strong at that time, according to the law of the Japanese economy, this situation did not last long" So I asked you to apply for a short-term loan, not thinking that you could make some money, Who knew that the depreciation of the "day" was worth so much now! "Mayor Qin, now there are less than two months before our company repays the loan to the Japanese government, you say, will the exchange rate of the yen rise back then?" After Tao Faqiang swallowed a mouthful of saliva, he finally said the words that he had held in his heart.

Qin Zihe couldn't help but laugh when he heard that Tao Faqiang was worried about this matter, he said: "Brother Tao", you can rest assured "Now that the Asian economic crisis is still continuing, according to my estimates, it will be difficult for the Japanese government to come up with a plan to solve the crisis in a short period of time" The yen will fall, and when it comes to repayment, maybe you will earn more!" Tao Faqiang listened to Qin Zihe's words like taking a reassuring pill, his heart was not panicked, and his nervous mood was relaxed, he said excitedly: "Mayor Qin, borrow your auspicious words, the company will make money at that time, I will invite you to a big meal!" ”！ ~！