740 sued Sisai
"China's Hanhua Heavy Industries will sue U.S. President Cisai in the United States!" γ
An explosive news message issued by Song Ying, a reporter from Jiangnan Daily, shocked the world and became one of the most popular hot topics in 2011.
Speaking of which, it is not new for the president of the United States to be prosecuted. In the United States, there are always some well-wishers who have come up with a lawsuit against the president under the guise of a lawsuit, and their purpose is more just to attract attention. Internationally, there are also some civil rights activists or countries with which the United States has a discord with the United States will sue the president of the United States in an international tribunal, again with the intention of building momentum and drawing attention to a certain event or a certain voice.
But this time, Hanhua's lawsuit against Sisai is different. For the first time in U.S. history, a Chinese company is suing the U.S. government. As a matter of fact, it is rare for foreign companies to sue the US government in the United States, not to mention Chinese companies, which have always been known for their low-key style.
The news from Jiangnan Daily was relayed by media around the world as soon as possible, and countless reporters flocked to CFIUS and the headquarters of the Hanhua Group, which lives in Xunyang, China, to learn the details of the incident. Commentators went shirtless and hyped up the event, such as the Financial Times, which pointed out that this is a war between new powers against old ones, and the result of the war will be the collapse of the United States and the sudden rise of China.
China's Ministry of Commerce held a special press conference to answer questions from reporters on Hanhua's lawsuit against Xisai. A spokesman for the Ministry of Commerce said: The Chinese government actively encourages Chinese companies to invest overseas. Chinese enterprises are also required to comply with the relevant laws of the countries in which they invest. At the same time, the Chinese government also requires governments to adopt non-discriminatory and non-discriminatory policies towards Chinese companies. Stop all restrictive policies with a Cold War mentality.
"Mr. Spokesman, I may ask. Do you think the ban issued by the U.S. government on the Asagiyama wind power plant, which is indirectly invested by Hanhua Heavy Industries, is discriminatory? A reporter asked at the press conference.
"Yes, we believe that this ban is discriminatory. In fact, we looked at all the wind farm sites currently under construction in the U.S. and found that at least 20 of them are adjacent to U.S. military bases, but none of them have received the same ban. β
"If GCA loses the lawsuit this time. What will the Chinese government do? The reporter continued to ask.
"We believe in the impartiality of justice in the United States," the spokesman said. However, if the U.S. judiciary is administratively interfered with and a judgment is clearly unfavorable to Chinese companies, we will not rule out retaliatory measures against U.S. investment in China. β
As soon as these words came out, the audience was in an uproar. In the impression of journalists. Chinese government officials have always been accustomed to using diplomatic rhetoric, especially when it comes to conflicts between countries, where they are always vague, saying half and leaving half. And this time, the spokesman of the Ministry of Commerce did not even express it tactfully, and directly threatened to retaliate.
This is not scientific! Many journalists shouted in their hearts. But when they thought about it, they understood that this is the so-called time passing.
In the past, China has been a weaker player in the international economic arena. China needs to import technology and equipment from abroad, and needs foreign countries to provide product markets, and if the other side adopts trade protection measures, China's export-oriented economy will suffer a serious setback. Under such circumstances, China's approach to trade frictions can only be to swallow its anger and be at the mercy of others.
Today, the situation is very different. After 30 years of development, China has accumulated $3 trillion in foreign exchange reserves. It is no longer the country with a shortage of foreign exchange that begged others to buy things in the past. Beginning in 2009, the subprime mortgage crisis in the United States escalated into a full-blown financial crisis, which spread to Japan and Europe, which were already mired in the quagmire, making the economies of these two regions even worse. β¦,
At this time, China became the only bright spot in the global economy, holding a large amount of foreign exchange. All countries are counting on borrowing some money from China to keep their economies from collapsing. Even the United States, the world's leading power, is in financial crisis, and if China announces that it will reduce its holdings of US Treasury bonds, the US finances may not be able to support it for even a week.
Considering such a balance of power, it is completely understandable that the Chinese side dares to make harsh remarks. Whether it wants to engage in a trade war or a financial war, how can the United States, which is in crisis, still have the strength to confront China?
When China's Ministry of Commerce issued an ultimatum to the United States, Lin Zhenhua, Huang Gang, Chen Tian, and others also arrived in the United States to join He Lan and prepare to go to court with the United States.
Hearing that Lin Zhenhua had come to the United States, Ford made an urgent appointment with him. Instead of meeting in Ford's office at the U.S. Department of Commerce, the two men found a secluded cafΓ© because some of the words between them were not suitable for official communication.
"Mr. Lin, you guys made too much trouble this time, and Xisai can't get off the stage a little." Ford said to Lin Zhenhua straight to the point. This secretary of the US Department of Commerce has some people in Cao Ying's heart, and he does not intend to betray the country, but he just has some disdain for the policy of Sisai.
Lin Zhenhua said: "No way, this is what Xisai forced me." He bullied us, and if we don't fight back, he won't put his nose on the face in the future? β
"Nose on the face......" Ford said the Chinese proverb in English, and couldn't help laughing, "Lin, you know, Sisai is a bit idealistic. Regarding the Asama Wind Farm, I gave him some advice from the standpoint of the Ministry of Commerce, asking him to veto the CFIUS ban. But he was kidnapped by someone from the Department of Energy and ended up making the opposite decision. β
Lin Zhenhua said: "Sisai and your Department of Energy think that through such a method, they can save the wind turbine industry in the United States, which is a very naΓ―ve idea. The crux of the U.S. wind turbine industry lies not in China's competition, but in their own slackness. We have invested hundreds of billions of dollars in the research and development of wind power technology, and currently we produce motors, gearboxes, blades and other components. have reached the highest level in the world, while your wind turbine manufacturers are lying on the technology of the past and eating the old money.
In the past two years. Half of the technology patents in the wind turbine field are filed by Chinese companies, and less than 20% are accounted for by American companies. Your production costs are already much higher than those in China. Now that we can't even maintain our technological superiority, can we solve the problem by relying on trade protection? β
Ford nodded again and again: "That's true, by the way, Lin, do you have any more detailed information about these situations you mentioned?" If you can provide me with this detailed information. I might be able to say more in front of Sisay. β
Lin Zhenhua smiled, took out a stack of materials from his briefcase and handed it to Ford, and said, "I've prepared it for you." We also plan to provide these materials to the mainstream media in the United States, so that the media can expose the old background of American wind turbine companies. I think that way, the American public will not support the CFIUS ban. β
"Those wind tycoons are going to hate you." Ford said with a smile, obviously, he still agreed with Lin Zhenhua's idea.
With these things said, Ford turned the subject to his own most concern, and he asked: "By the way, Lin, I also want to ask you about the fact that the spokesman of China's Ministry of Commerce made a strongly worded speech the other day. I would like to know if this speech really represents the intentions of the Chinese government. β
"Of course, the speech of the government spokesman, of course, represents the intention of the government." Lin Zhenhua deliberately replied, of course he knew what Ford wanted to ask, but he always had to sell it. β¦,
"That's not what I meant." Ford rubbed his hands together, not knowing how to express it, "I mean, is the Chinese government really ready to retaliate against the United States for trade." Therefore. After all, the matter of the Asama Wind Farm is just a trivial matter, and it only involves tens of millions of dollars, will the Chinese government initiate a government-level retaliation for these tens of millions of dollars? β
Lin Zhenhua said: "Ford, you are wrong. There is a saying in China that you can see the whole leopard at a glance. The U.S. government's ban on the Asagima Wind Farm actually represents the U.S. government's attitude toward all Chinese investments in the United States. Previously, the U.S. government had vetoed a merger of a Chinese oil company in the United States, as well as a Chinese electronics company's acquisition in the United States, on the same grounds. This time, if we still take a concessional attitude, similar things will only increase in the future. β
"Oh......" Ford gasped as if he had a toothache and asked, "What would you choose if you retaliated for trade?" β
It seems very inappropriate for Ford to raise this question, because if the Chinese Ministry of Commerce wants to take any retaliatory measures, this is a matter of state secrets, how can it be disclosed to the officials of the US Department of Commerce in advance? But in fact, before this kind of thing happens, both parties often have to communicate, either in a formal way, or in a private way.
Trade retaliation is a nuclear weapon in the economic sphere. The power of nuclear weapons lies not in their use, but in their existence. When the time really comes to use nuclear weapons, the two sides will have no room for manoeuvre, and then it will be a lose-lose outcome.
In view of this, the threat of trade retaliation between countries is more of a kind of sand table deduction, in which each side shows its hole cards, and then calculates the gains and losses of both sides in the struggle. Once one of the parties decides that it cannot afford such a loss, it will choose to make concessions in order to avoid a trade war.
Ford made an appointment with Lin Zhenhua this time, that is, he wanted to know the hole cards of the Chinese government, and he wanted to take these hole cards to report to Xisai and persuade Xisai to make concessions.
Lin Zhenhua also understands this, in fact, among the people who came to the United States this time, there are officials from the Ministry of Commerce, and he has long understood very clearly about China's hole cards.
"First of all, this incident has raised doubts about the credibility of the U.S. government, and this concern will have a direct impact on our foreign exchange reserve strategy." Lin Zhenhua said.
"Hehe, I think Gayner will go crazy when he hears that." Ford gloated.
Lin Zhenhua's meaning is very clear, China's first retaliatory measure is to reduce the amount of US Treasury bonds it holds, and US Treasury Secretary Guyner plans to go to China to sell more Treasury bonds. If China refuses to buy more U.S. Treasury bonds, Gaynner may not even be able to guarantee the salaries of White House staff.
"Second, China has long imported large quantities of food products from the United States, including soybeans, corn and wheat. If we are concerned that the United States is hostile to China, then we will consider reducing food imports from the United States out of concern about food security. Brazil has been trying to convince the Chinese government to import more Brazilian soybeans, and I think it's time to consider acceding to the Brazilian government's request. Lin Zhenhua continued.
"Cake seller!" Ford shouted, "Lin, you want the life of our Ministry of Commerce!" If the people in the agricultural association knew that the trade friction problem had led to a decrease in grain exports to China, they would have blocked the door of the Ministry of Commerce with a tractor. β
"You should advise them to block the doors of the White House." Lin Zhenhua said with a smile. β¦,
"They have more than enough tractors." Ford replied.
Lin Zhenhua asked, half-jokingly, half-seriously, "Do you suggest that I go and talk to Mr. Radkar of the Agricultural Association now, and ask him to transport the tractor in California to Washington?" β
Ford smirked, "I don't think there's any need to waste these freight, as long as Radkar sends a picture of their tractor to Sissai's mailbox, and our naΓ―ve Mr. President will know what he's going to do." β
"I'll do it right away." Lin Zhenhua replied.
Ford's hint was already very clear, he hoped that Lin Zhenhua would go and encourage the agricultural association to put pressure on Cisai, so that he, the secretary of commerce, would have no pressure. Why should he, the Minister of Commerce, wipe his ass for the things that the fan manufacturer caused himself? You have the ability to lobby outside the hospital, don't the agricultural associations have it? In the whole of the United States, there are really not a few politicians who dare to oppose agricultural associations.
Lin Zhenhua and Ford chatted more and more harmoniously, and unconsciously dug a huge pit for Xisai, waiting for Xisai to fall. At the end of the chat, the two of them all smiled, not at all like the two sides were in a lawsuit.
"By the way, Ford, there's one more thing I'd like to ask you to inquire about." Lin Zhenhua said.
"What's the matter? I hope it's a pleasant thing to do. Ford said.
Lin Zhenhua said: "It is indeed a pleasant thing, I want to do a physical advertisement of a product in New York, can you help me?" β
"Absolutely." Ford patted his chest, "What do you want to show?" Is it a machine tool, or a car, I don't think you can bring the oil refining equipment to the show, right? β
Lin Zhenhua said: "It's a helium turbine, you know, we are the only company in the world that can manufacture helium turbines. β
"Yes, yes, it's an amazing product indeed." "Where are you going to show it?" Do you need me to rent a venue for you, or do you need to find an open-air venue? β
"We plan to show the American public the use of helium turbines in ships, so we plan to drive a ship equipped with helium turbines to New York Harbor for everyone to see." Lin Zhenhua said.
"Isn't that a bit of a fuss?" Ford said puzzled, and after speaking, he suddenly came back to his senses, "What? You say ships equipped with helium turbines! β
"Yes." Lin Zhenhua said with a smile, "At present, there is only one ship in the world equipped with a helium turbine, and that is the new 100,000-ton nuclear-powered aircraft carrier of the Chinese Navy, and we plan to let it visit New York Harbor at the right time." (To be continued)