Chapter 942: The Eve of Capital Plunder

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After the formation of blood relations by capital, those multinational companies have successively obtained the qualification to enter China's refined oil market. BP Group has been approved to build 5oo gas stations in Guangdong Province and Zhejiang Province in joint ventures with PetroChina and Sinopec, and ExxonMobil and Shell have been approved to build 5OO gas stations in Guangdong Province and Jiangsu Province with Sinopec respectively. Since then, BP has signed an agreement with PetroChina to set up 8oo joint venture gas stations in Fujian, while Sinopec has also signed an agreement with ExxonMobil to set up 6oo gas stations in Fujian.

It is precisely after this series of very strong, planned and efficient strategic adjustments that the two major state-owned oil companies have been revitalized, and as global energy prices continue to rise, they have become "China's most profitable enterprises".

The first is "monopolizing in the name of the state and making profits in the market", forming an "internal competition pattern" between state-owned enterprises in the resource industry, and the private sector! Ben was completely excluded from the game; The second is to speed up the capitalization operation under the premise of monopoly and the combination with oligopoly transnational capital.

Such a "China story" continues to be born in all monopoly industries controlled by state-owned capital, and the so-called "first brings efficiency, and monopoly produces benefits".

Fan Heng's idea is obviously contrary to this policy, he hopes that the two major oil companies will be reborn, not just rely on the monopoly of the terminal market, put on a high-efficiency and high-efficiency painting, continue to exploit ordinary people, and achieve superficial economic prosperity by increasing social affordability.

To change, it is necessary to change in substance, and not to change one monopoly into another, resulting in a false prosperity at the expense of the interests of the common people.

However, in order to achieve this goal, it is inevitable that the interests of many people will be touched, and it will be quite difficult.

Recently, around the time of China's accession to To, predicting China's future and direction has become the hottest topic in the global economic circle. Japan's Ministry of International Trade and Industry mentioned in a white paper that China has become the world's factory, and made in China has ranked first in the world market share in color TVs, washing machines, refrigerators, air conditioners, microwave ovens, motorcycles and other products.

Economists go on to believe that Chinese companies will begin their journey to conquer the world, just like Japan did in the eighties. In connection with this, the theory of the China threat is also quietly emerging.

Of course, there are voices that are completely different from the above views.

Some scholars predict that with the gradual opening up of the market and the influx of transnational capital, the already crumbling state-owned economic system will be vulnerable, and those old and invigorated state-owned enterprises will soon be expelled from the market, which will affect the macroeconomic stability and sustained development of China's economy.

A Chinese-American lawyer has also published a book, "China's Imminent Collapse," in which he claims that China's economic boom is a sham, and that China's current political and economic system will only last for five years at most under the strong onslaught of joining the To. Investment bank Solomon Smith Barney predicts that 40 million people will lose their jobs in the first five years of China's accession to To, and severe employment pressures will crush the country sooner or later.

A similar argument is that China's economic growth model, characterized by high input and low output, and an exhibition model based on cheap labor and huge energy consumption, is reaching a dead end, and that China's nearly two decades of high growth will not be sustainable.

Of course, Fan himself is well aware that in a few years' time it will turn out that all of the above predictions have not fulfilled themselves, and that China's economy and business growth are still moving forward according to their own logic, regardless of those overly optimistic or pessimistic conjectures.

In fact, since Fairbank's death in 1991, there has not been a second observer in the mainstream Western world who has an objective and sober understanding of China. The Financial Times said that after the 90s of the 20 th century, a sign of China's economic vitality was that almost every few years, Chinese and foreign economists had to change their thinking and adopt new language or concepts to describe and analyze China's new economic phenomena. The fate of China's economy is slowly reborn in the transformation of these frameworks and concepts, and the common language of the rules of the game is increasingly speculative and gradually convergent.

For China, the impact on China is a long process, and in a country of gradual change, no change has ever been made overnight.

As a matter of fact, the "retreat of the state and the advancement of the people" that began in 1998 was a major strategic decision to cope with this changing situation, and the advance, retreat, and reorganization of the state-owned capital groups were all formulated in accordance with the timetable for the opening up of the To market.

For another interest group... For multinationals, China's accession to TO also represents a major strategic adjustment.

First, there has been a subtle shift in the choice of industries for TNCs, which have begun to move from the competitive realm to the monopoly or quasi-monopoly realm.

Generally speaking, multinational companies entering the developing countries tend to choose resource-based, closely related to the government, and have a large capital investment, such as energy, finance, telecommunications, etc., but their strategies in China are completely different.

In the early and middle stages of the reform and opening up, the vast majority of multinational companies entering China were in perfectly competitive markets, with the most successful being Coca-Cola, which produced beverages, Procter & Gamble, which produced laundry, and Japanese companies in the home appliance industry.

Many European and American economists are quite puzzled by this, and the general explanation is that multinational companies imagine the Chinese market in terms of population at the beginning, while domestic companies are vulnerable; Second, these foreigners do not even know how to build relationships with government officials in the planning system, nor do they know how to gain advantage by influencing central policies.

But more than a decade later, the situation has changed radically, and multinational companies that have been inseparable from China's emerging companies in the consumer goods sector are likely to be wiped out if it were not for the fatal mistakes made by local companies, so they have begun to move into resource-based industries and have been given priority investment and cooperation rights.

One of the most telling examples is the strategic shift of General Electric, a major company that entered China in 1992 and has had a rough run of light bulbs. Recently, they have shifted the focus of investment from civilian products to more technical infrastructure projects, and GE's investment in industrial lighting, medical beryllium equipment, gas turbines, fans, hydropower and electrical equipment, aircraft engines, and power transmission of industrial groups has achieved good returns in China, and the vast majority of these fields are privately owned! Ben's forbidden zone, but now it's gradually opening.

Second, the financial investment of multinational companies has increased significantly, and before that, it was difficult for them to find opportunities to cut into the independence of China's HSBC system. For example, in 1998, Soros's Quantum Fund sniped at Hong Kong, which proved to be a failed experiment.

After China's accession to To, the opening of the financial market was put on the schedule, and the major multinational gold medal institutions significantly accelerated their business layout in China, and banks such as HSBC, Citigroup, AIA, and Standard Chartered successively moved their regional headquarters from Singapore or Hong Kong to Shanghai.

As early as six years ago, Morgan Stanley and China Construction Bank and others formed the China International Finance Corporation, and held more than one-third of the shares.

In the past few years, almost all of the large state-owned monopolies have been recapitalized, including China Telecom, PetroChina, China Unicom, and China Mobile, which have raised nearly US$20 billion in international capital markets, and have also issued 5 billion yuan in corporate bonds for the State Power Corporation and the China Three Gorges Project Development Corporation.

While Morgan Stanley shares the huge profits of Chinese enterprises in financing at home and abroad, it is also envied and envied by countless peers. Like most of the time! Enterprises are the same, but the opening of the capital market is more sensitive and cautious.

Third, the trend of monopoly of multinational enterprises is becoming more and more obvious, in the past, many foreign-funded factories must have a joint venture partner in China, such as Coca-Cola, Pepsi Cola's canning plants in various places must be combined with state-owned grain and oil companies! Procter & Gamble's partners are designated as local state-owned daily chemical plants.

Now that this restriction has been gradually lifted, some multinational state-owned enterprises (SOEs41) that have already established joint ventures have decided to force back Chinese investors through various means.

Recently, Japan's Panasonic confirmed to the media that the 50 Panasonic joint ventures they set up in China will seek sole proprietorship, and the American Motorola company, which produces mobile phones, has also made such a decision. A natural choice for companies.

Motorola's largest partnership in China! The company is Dongfang Communications in Zhejiang, and the United States proposed to the Chinese chairman that either the Chinese side will sell its shares or the United States will withdraw from the joint venture. Dongfang Telecom chose the second option, and Motorola immediately withdrew and stopped all technical support.

Pepsi has set up 15 joint venture factories in China, and Pepsi has also tried to force back its Chinese partners in Chengdu, Sichuan, and in the event of unsatisfactory negotiations, the US side announced a significant increase in the price of concentrates and did not approve Sichuan Pepsi to produce more brands of beverages.

The tough stance of the US side has aroused the cooperation of the Chinese side. Collective revolt and resistance from canning plants.

The essence of such a thing is that the transnational people took advantage of China's accession to the TO network, took advantage of the vacuum in China's laws and management, and carried out predatory expansion.

"Are you and Dad thinking too much? There are some things that cannot be controlled by a few people. Shen Ying was worried about Fan Wuxi's worries, and had some disagreeing opinions.

Fan Wuxian scratched his head and said, "I also know that I am a little worried, but there are some things that Qian will always feel a little uncomfortable when he sees it, as for those who are in his position like my father, they naturally have to seek their own policies, and they must do a better job to live up to everyone's trust." If it's to make a living, why should he work so hard? It's easy for us to build dozens of pension villas for them anywhere, right? ”

"But what can you do?" Shen Ying asked rhetorically.

For the current domestic enterprises to cooperate with foreign capital on a large scale, it is not easy for ordinary people to understand, but Fan Wuxian and Shen Ying are naturally well aware of such figures, the most important point is that once foreign capital is introduced, the salary of the entire management can keep up with the international situation, the annual salary of more than one million is just a drizzle, and more than 10 million can only be regarded as a general level, so that everyone's enthusiasm is naturally very high, and they have the courage to use their own relationships and connections to promote the privatization process. The director and manager of the factory can become the chairman of the board of directors, and this part of the shares is effortless.

As for how many real state-owned enterprises will remain, it is difficult to say, at least now is the best time for foreign investment to intervene in monopolistic industries, especially those industries that were not open to the outside world before, and are even more sought-after.

But there is also a very strange thing in this, that is, some industries are obviously open to foreign investment, but they are unwilling to open to domestic private capital, which cannot help but make people feel a little unbelievable, but if you think about it carefully, it is not difficult to show the key points.

It is said that political and economic history influence each other, and after joining private enterprises and entering some key industries, it is very likely that a new situation will arise, that is, they will begin to exert influence on political activities through economic control, which is unacceptable to the government.

And the joint venture of foreigners, there is no such concern, because they are also foreigners, no matter how they say it, they have no right to vote and no right to be elected, and they have no chance to interfere in domestic political activities, because even if foreign capital controls a considerable part of the equity of state-owned enterprises, it is just to collect some dividends, and the impact on the political situation can be said to be minimal, and there is no problem of political risk, which is the most reassuring for everyone.

"Anyway, this time my dad has intervened in the grass reform of the two major oil companies, and he has also gained some initiative, which is very good." Fan Wuxian said to Shen Ying, "As for the rest, I can only take one step at a time." ”

Shen Ying nodded, helped Fan Wuxian pack his bags, and then asked, "Actually, Russia is also quite fun, I've always wanted to go and see, this time President Putin invited us over, can we take a few days to relax?" ”

"Of course, it's okay to be distracted, but I think Putin invited us over this time, not necessarily just to express gratitude." Fan Wuxian always felt that this time Putin invited him to visit Russia, he had some plans.

However, this is not a big deal, after all, the economic situation in Russia is not good now, and he is a well-known expert in national salvation! There are no pop-ups