Chapter 394: Provoking the "Defective Goods" Crisis
A few people exchanged a few polite words, but then got down to business.
The two leaders also knew that Lan Heng had brought a few students to have a long experience, so they didn't avoid it, but said directly, "Lan Lao, today's banquet at Morgan is not a good banquet, maybe there will be a big exchange rate battle in a while." β
After the industrial and commercial chief Li Xingcheng finished speaking, the "Liu Xingcheng chief" of the CCB took over, "It's just that this banquet has to fight with them, and there are Lan Lao and all the economic masters, and we are not afraid." Only, according to the message. The representative sent by Morgan this time may be a wizard of the younger generation, and when the time comes, Lan Lao and we will ....... β
The meaning of these words, Chen Jiayi and others naturally understood it as soon as they heard it. It is nothing more than that they have met a few representatives of the younger generation in the United States, and they of the older generation are not good at bullying the small. It's just that education in the United States and China is not the same. The younger generation has always been in the process of training and has not yet grown up. On the American side, there is a ...... that is doubly concerned about doing some wizards, so we see that there are many wizards of the younger generation in American education. And China, even if there is, it is difficult to show up when it is young, and only when it is a matter of course, such as the age of some of them, can they show momentum.
As a result, it is naturally difficult for the young representatives of the domestic side to be hostile to the young talents of the United States.
"Well, did the two leaders make any arrangements before?"
"There is an arrangement, after all, the young generation we have cultivated also has a few good ones. Alas, Elder Wen, if "He Chong" is here, maybe, we will rest assured. β
Who "He Chong" is, of course Chen Jiayi knows.
That was the most proud protΓ©gΓ© of "Lan Heng" before, and he had been working in a large domestic investment bank. Later, I don't know what happened to me, but I actually went to the United States. At present, he has played an important role in the Tang Dynasty's quantum base gold. Subsequently, He Chong became more and more famous under this foundation. I heard that in several large-scale financial sniper wars in the world, "He Chong" often appeared.
However, for now, among the younger brothers, Lan Heng's most important thing has shifted to Chen Jiayi. After hearing Liu Xing's words, Lan Heng glanced at Chen Jiayi. But he shook his head in his heart, and said secretly, "Although Qingyun is talented, the economy has only been studied for two years, and the time is still short, and there is still some time to owe." "Looking at the few people around him, Qin Keyu has the best performance, but he is talented and educated... No, it doesn't
"Here we are."
A few people chatted here for a while, and a few Morgan Stanley people arrived.
"Welcome to this feast..."
This banquet was a Morgan Stanley banquet.
So, Morgan Stanley acted as the host of the banquet. The first person to come to the front desk to speak was Morgan Stanley's vice president "Jack Chop""
"Beautiful China, this is the first time I have come here. The development here is fantastic, it's a wonder of the world..."
Jackson doesn't speak Chinese, he speaks English. However, all of the people who come here are celebrities from the social association, and even if there are high-ranking officials who do not understand English, there are also people who interpret simultaneously next to them. Of course, like Chen Jiayi and others, as students of Tsinghua University, they are not bad at English, and they don't sound bad.
"It's just that I feel that the policies here are too waiting, and many of our investments can't be carried out smoothly."
China has a relatively strict control system on foreign exchange, and a lot of capital that wants to enter China has to go through approval. On the one hand, although this restricts the development of capital, on the other hand, it ensures the economic security of the country. Otherwise, financial investors all over the world will see that China's domestic economy is booming, and now the high tide of appreciation of the people's currency is constantly ringing. I am afraid that countless hot money will be rolled over to China to experience the benefits brought by the appreciation of the people's currency.
There was a joke in later generations that there was a foreigner who brought more than 100,000 US dollars to China for a tour, and then spent tens of thousands of US dollars in China. In the end, because of the appreciation of the renmin currency, when he returned to China, he exchanged the renmin currency in his hand back to US dollars again. As a result, he suddenly found that he not only did not lose money when he traveled to China, but made one or two thousand dollars.
Of course, this is a joke, and the appreciation of the people's currency is not so serious. Even if it is so serious, it is impossible to appreciate so much in a short period of time. However, the harm of the appreciation of the people's currency to the Chinese people and the economy is undoubtedly huge. Just as why when the economy is in crisis, a large number of currencies have to be flattened, because the flattening is conducive to exports, and exports are conducive to restoring economic strength, "Today, I hope to talk here with some celebrities in China about the rise of China's economy in the future." β
After Jackson finished speaking, he raised his glass and saluted the guests at the scene.
This banquet is not a formal banquet, and everyone can walk freely between toasts. After Jackson finished speaking, everyone talked a little. Five minutes later, Jackson spoke again, "The wines here are the same as those in the United States, and they taste good." I think China should be the same as the United States. Friends, I would like to introduce you to a friend, Alvin. β
At this moment, a young man with golden hair and blue eyes walked out.
"This young lad is simply fantastic, I like him a lot. Yes, today, it seems that he wants to talk to his friends about the issue of the rise of the global exchange rate. I know that all the people here are experts in exchange rates, and we welcome everyone to discuss B."
Jackson then turned the conversation to Alvin.
"My name is Alvin, and when translated into Chinese, I am everyone's favorite friend."
Alvin did not use English, but spoke fluent Chinese, and even spoke Chinese better than some Chinese, which surprised the guests who came here. However, all the people sitting here were famous people, and this little surprise was just a flash.
"I think that the exchange rate is three sensitive words, and I am afraid that one point that is casually mentioned is related to the economies of various countries. I'm going to say that, though. In a world where the global economy is integrated, the exchange rate of each country should maintain a relatively reasonable valuation, which is conducive to the balance between the economies of various countries. My hometown is a small town in the United States. Despite being a small town. However, I found that many of the products in the supermarket were made in China. I once went to a factory that I was envious of when I was a child, and I thought, when I grow up, I want to have such a factory. But now, they're telling me. The factory closed down because the Chinese things were too cheap, so they had to close down ....... β
"Alvin" is indeed a wizard in business.
A deep exchange rate problem is fully expressed in one of his short stories. Then, in the story, I told everyone clearly. Why the factory will be closed, the contradiction directly points to the serious undervaluation of the Chinese people's currency. So that a lot of super cheap goods, all sold all over the world. In this way, some localized enterprises had to go out of business.
"I wonder what your opinions are?"
Alvin took a casual sip of wine, and then looked at some of the guests who came. Here, they are all Chinese upper-class celebrities. Every person who goes out is the object of others looking up.
"M, Mr. Alvin, I think you're wrong."
After Alvin finished speaking, he was immediately denied by the representative of the Chinese side.
"Who is this?"
Chen Jiayi asked in a low voice.
"This is a strategic analyst at CICC," Yue Wenhua. "I graduated from the Department of Economics and Management of Peking University in the previous years."
Qin Keyu is several years older than Chen Jia, and when she was a freshman, she heard the name of "Yue Wenhua", which should be the figure of Peking University back then.
"Oh."
Chen Jia nodded, and saw what he said.
However, a few melons and fruits on the table were too tempting, and for a while, Chen Jiayi was intoxicated by the sweetness of melons and fruits.
"I didn't eat him at noon..."
Seeing Qin Keyu's gaze, Chen Jia smiled, and he didn't feel embarrassed, and continued to eat wildly.
"The global economy is interconnected, and competitive commodities are naturally favored by others. And the situation that Mr. Alvin saw was probably because the factory's products were not competitive enough, so it was finally closed. β
"Okay, you're talking about competitiveness, well, let's talk about competitiveness. In recent years, China has developed very fast, very fast, almost like a high-speed train.
Many well-known products from all over the world can now appear in China. For example, many luxury goods in France, such as Japanese car ......, I think these products are very competitive. However, I found that many rich people in China, they all said that foreign cars are too expensive, and they can't buy them... This is not a good sign. I think that in a country like China, every family should have a car. If the exchange rate is increased accordingly. I think you'll find out how cheap these cars, these world goods, must be. β
Don't look at Alvin doesn't mention economic terms at all, but everyone knows Alvin's understanding of economics. , one short story after another, pointing to the fact that people's coins are undervalued.
"This .........
Such a story is concise and easy to understand, even for some friends who don't understand the exchange rate. When I heard this, I also greatly agreed. This is much more practical than concept analysis, technical analysis. When a story comes out, it simply destroys all your reasons. If you want to refute, if you use only economic terms, then the combat power is only a little bit, and it is not enough at all.
"Haha, everyone, actually, you also think that the Renmin currency is seriously undervalued."
Alvin looked at some of the guests below, and it seemed that a large number of people were silent.
"This kid, a little trick, can also trick us, hum ......."
At this time, that Liu Xingqian was about to speak.
"Lao Liu, forget it, this is not a formal banquet, and it is not possible to change the idea from a distance."
Lan Heng was calm and relaxed, and he always smiled faintly.
"Ke Yu, if it were you, how would you answer?"
"Teacher, in fact, he is completely stealing and changing the idea of generalization, generalizing the whole, and ignoring factors such as productivity and consumption power."
Qin Keyu replied.
"I know, but if it were you, how would you answer?"
"I ......."
Although he is secretly exchanging the idea of changing the idea, this cannot be discussed in terms of technology at all.
"Well, it's hard for you."
Lan Heng nodded, he was not disappointed in his students. After all, this kind of economics must be linked to reality. Moreover, it is necessary to have a very strong ability to adapt to changes. Otherwise, even if you can see through the other party's plan, you will not be able to defeat him with words. After all, when you hype up the economics war, you can't talk about such advanced economics in the media every day.
You can only explain the exchange rate in plain language, and explain the appreciation of the Chinese currency like people.
"Haha, it looks like I should change the subject."
Alvin laughed, he didn't want to embarrass the few people sitting in the room. In the first game, he was able to win a momentum. Although, he knows, a large number of Chinese economists love affection and don't want to talk about it with a junior like him.
And just as he was about to change the subject, an abrupt voice sounded, which felt very weird.
"Haha, good wine, good wine......".
I saw a young man holding a wine glass in his hand and taking a sip of wine with his head up, and he was in a frenzy there.
"No, you can get drunk here, and you don't see what kind of place this is?"
At this time, someone whispered.
In fact, this drunken person is none other than Chen Jiayi.
"Chen Qingyun, ...... you, wake up?"
Qin Keyu was in a hurry, and he was very nervous for a while.
However, Chen Jiayi ignored her, continued to hold the wine glass, and was about to come to Alvin.
"Security, security, this gentleman is drunk, please let this gentleman out."
Alvin was still polite and didn't get angry.
After saying that, two security guards immediately stepped forward.
"This gentleman ......."
After that, Chen Jiayi was to be carried out of the banquet.
"No, I'll ask this gentleman, I have one more thing to say."
Somehow, although the two security guards grabbed Chen Jiayi, they were still broken free by Chen Jiayi.
"Mr. Alvin, can you answer a question?"
Chen Jia pretended to be drunk, half-focused, and looked at Alvin.
"Of course, of course."
In order to show his Shinshiness, Alvin nodded.
"How's this wine?"
As he spoke, Chen Jia raised the wine glass in his hand and gestured for the wine in the glass.
"It's great, the taste is pure."
"yes, I think so, I think, your hometown friends, they're going to like it, aren't they?"
"Yes, this wine is very popular in our hometown because it is so cheap, yet so delicious."
As soon as he finished speaking, Alvin's face changed.
"Great, you know, this wine is made in China. I don't think your family wants him to go up. Because for ordinary people, an increase in the price means that they have to drink less of this fine wine.
You say, isn't it? β
"This ......."
Finally, Alvin and Morgan's men learned where this one was a drunken friend. At this time, after the guests present saw Chen Jiayi's witty answer, a large number of people and scholars all applauded.
"Okay."
There were already enthusiastic people in the audience, and the people applauded directly.
"Cheers."
Chen Jiayi was very calm, raised his glass to Alvin, and took a small sip. Then, Chen Jiayi stepped forward again, hugged "Alvin, a picture of two friends who have met for a long time, and said, "For your name, you should be our friend." As a friend, I have to tell you a little story. "In a city, there is a family that goes to work in a factory every day and makes a kind of glove. They work twelve-hour shifts a day and make hundreds of pairs of gloves a day. Then, the exit price of each glove is only 2 yuan. People ask the factory why it's so cheap, you know, you don't make any money at all. The factory owner said that there was no way, it was expensive, and some Americans didn't want it. Until one day, under the intervention of some egg-hurting people, the exchange rate appreciated, and the gloves were very expensive to sell abroad, and in the end, because the Americans would not make such products, customers had to reluctantly buy noble goods ....... β
"My friend, do you want this to happen?"
Alvin didn't say anything about it, and Morgan looked at each other at a high level.
A banquet ended quietly under such circumstances.
"He Chong, how are you doing?"
A few days later, after that banquet, Chen Jiayi carefully analyzed the global economy and the US economy. It's the year of Z, and the world's economy is very good, even in the United States, it is quite impressive. In particular, the U.S. housing prices, which continue to grow, have shown that the economy is very good.
After a long period of consideration, Chen Jiayi made a decision. So, he called "He Chong" with a telegram.
This He Chong is Lan Heng's proud protΓ©gΓ©, and he can also be regarded as Chen Jiayi's brother.
At that time, when Chen Jiayi heard the name of "He Chong" in Tsinghua University, he once saw the side of "He Chong". At that time, He Chong was just a trader in a domestic investment company. In contact with him, Chen Jiayi found that He Chong still had a lot of potential to tap. However, under the constraints of domestic and financial policies, he simply cannot play a role.
So, Chen Jiayi introduced He Chong to the Tang Dynasty quantum base gold. Originally, he only planned to train "He Chong" into an excellent international financial trader, but he did not expect that under the cultivation of the international environment, He Chong's potential continued to rise. Until now, he is already a complete professional financial speculator, and even Soros is full of praise for "He Chong".
It wasn't until later, slowly, that Chen Jiayi handed over half of the affairs of the Tang Dynasty's quantum base gold to He Chong.
"Mr. Chen, recently we have been eyeing oil again." In 2003, the United States launched the Gulf War, sent troops to Iraq, and controlled Iraq's oil production. Since then, the trend of crude oil in the world has been very volatile. Often, when there is a crisis somewhere, the price of oil will rise violently. Especially under the hype of people with intentions, it is even more ferocious.
Moreover, crude oil is the energy source that the world has always relied on for survival, and it is almost irreplaceable. In the world economy, it plays a very crucial role. Countries all over the world, they will participate in oil futures contracts. Therefore, if you see the opportunity for some relatively large economic structures, you can really make a profit among hundreds of national investors.
"Oil has been controlled and controlled by the United States, and at most it can only make a small profit, and the risk is much higher than before, and it will be less done in the future."
"Well, we think so too. It's just that, for now, only oil is a better investment. β
"I have a suggestion that you look at the "subordinate" side of the United States. β