readx;? Chapter 577 Asian Financial Turmoil

George thought for a moment and continued, "The financial markets of the whole of Asia are in a very strong financial bubble, and it may not take long. Pen ~ Fun ~ Pavilion www.biquge.info"

In his memory of his previous life, the Asian financial crisis occurred in 1997, when the bubble burst completely. But before 97 again, the bubble was already accumulating and expanding, and the risks were accumulating at an accelerated pace.

In fact, just now, the rent-to-sale ratio of housing prices in Hong Kong has far exceeded the level of normal countries. In order to control house prices, do not skyrocket in the short term, so as not to cause more problems and even trigger a chain reaction. The Hong Kong government, some time ago, also issued some regulations on housing price control.

However, these weak and powerless regulations will not change the general trend after all. The Hong Kong government's policy has always been to hope that housing prices will rise slowly, rather than really planning to control housing prices, and not really want housing prices to return to a level that the manufacturing industry can adapt to.

Whether in a previous life or in this life, the Hong Kong government does not have the courage to puncture the bubble after all. As long as the Hong Kong government does not have the courage to puncture the bubble and try to make a fortune in this bubble, there will be a steady flow of money.

When the bubble is in the final stage, these big capitalists will sell the bubble in their hands to the common people in a beautiful package.

Once that time comes, all newspapers and media, magazines and television, and even senior officials of the Hong Kong government will come out to endorse and guarantee these big capitals with strong strength.

At that time, all public opinion will collectively endorse high housing prices, prove in various ways that housing prices will always rise, and force everyone to hurry up and get on the bus.

It wasn't until those people who realized it later bought these sky-high bubbles that the bubble collapsed, leaving the last people to take over for a lifetime.

George continued, "In Beijing, the exchange rate of the renminbi depreciated sharply in '93, from 5.5 to 8.3. In the past two years, with the sharp depreciation of the renminbi, Beijing has received a large amount of foreign investment in the coastal areas, and a large number of factories have risen in the coastal areas. ”

"In this case, the manufacturing industry in Southeast Asia as a whole is being swallowed up by the capital. ”

He continued, "Southeast Asia has lost its manufacturing industry, but it has not thought about improving its manufacturing environment in the past two years. They have taken an even more radical approach than Hong Kong, and countries in Southeast Asia have not only failed to cut taxes when manufacturing is in recession. ”

"On the contrary, in order to maintain high taxes, they borrowed heavily from international capital, and with the borrowed funds, they pushed up the real estate and stock markets. Create false prosperity as a way to preserve their taxes and a life of luxury. ”

"Once international capital becomes unprofitable, the fleeing capital will instantly destroy the financial order in Southeast Asia," he emphasized. Judging from the current flow of funds, the time of the Asian financial crisis is not far off, just within these two years. ”

Everyone else is shocked that there will be a financial crisis in two years, which is big news. However, even economists can't judge this kind of thing, can the chairman in front of him really judge accurately?

Xu Wenbiao sighed and said, "In two years, I don't know how much of those manufacturing industries will be left." ”

He hesitated for a moment, then plucked up the courage to continue, "Chairman, at the current price, it is still profitable for us to buy those manufacturing industries. ”

"If there is a financial crisis in two years, we should buy those manufacturing industries. At that point, the real estate bubble bursts, and having some manufacturing will make things a little better. ”

If possible, he hopes to help entrepreneurs in the manufacturing industry, who employ a large number of workers and provide familiar goods to Hong Kong people.

However, in the process of skyrocketing real estate, these hard-working people have not received their due remuneration, and they have become poorer and poorer under the skyrocketing housing prices, which is difficult to maintain.

Eventually, the entrepreneurs were planning to shut down their factories and leave Hong Kong altogether. And those workers who stay, they will lose their jobs, they will be laid off, and they will have nothing to rely on.

George looked at Xu Wenbiao and said in a gentle tone, "Manager Xu, you are a person with great ideas and ideals. I love working with people like you, but sometimes, when it comes to business, you can't just rely on ideals. The decline of Hong Kong's manufacturing industry and the slow hollowing out are the general trend, and it is not something that can be changed by just two people. ”

In an encouraging tone, he said, "Although it is easy to make money compared to real estate investment, I actually prefer manufacturing. Manufacturing is the foundation of other industries and the foundation of wealth creation. ”

"But I'm not going to invest in manufacturing in a place that doesn't fit into manufacturing. If you are really interested in manufacturing, you will be welcome in both Europe and the Americas. ”

George hesitated for a moment, and said slowly, "Or, if you don't want to go that far, I can consider letting you set up a related company in Guangzhou or Shenzhen." After all, compared with the cheap manpower on the other side of the strait and the land given away for free, Hong Kong has no possibility of turning around in the manufacturing industry. ”

For Xu Wenbiao's ideals, George still likes it very much, after people become rich, they will inevitably have a lot of ideas. Just spending a small amount of money, if it can contribute to the rise of a talent, he is still very happy to see.

Seeing Xu Wenbiao's hesitation, George continued, "You can also persuade those merchants who plan to sell the factory to sell the factory instead of selling the factory cheaply and watching their hard work being dismantled and sold by others. ”

"It's better to move the factory as a whole, the other side is attracting investment on a large scale at this time, and if they are willing to go, they will get a lot of preferential treatment. Maybe we can catch up with a good time and do something big. ”

Xu Wenbiao said hesitantly, "Is the chairman very optimistic about the economic development of the other side?"

He already believed in the things analyzed by the chairman, and listened to the chairman say that he was willing to provide financial support. He also has some thoughts and ideas, and he believes that the hard work of Hong Kong people is not lost to people from other places.

As long as there is a suitable place, Hong Kong's manufacturing industry can also develop.

"Of course. "There has never been a country in East Asia that has not achieved tremendous economic development after deciding to open up." ”

"Think about Japan, think about South Korea, the other side chooses to follow this path, even if the development is the worst, it will not become a developed country. With the size of the other side, it is enough to create a shocking wealth beast. ”

(To be continued.) )