Return to the exciting era of 1999

Chapter 2187 Bankruptcy Year

"Notify Mr. Xin to reduce all investments in South Asia and convert them all into US dollars or domestic assets, especially the US dollars in Vietnam, Bangladesh, Sri Lanka, and Pakistan. You must confirm this immediately!"

Looking at the scene in full swing in front of him, Ji Donglai took out his notebook and looked at his records. In the last meeting, Ji Donglai asked Xin Li and others to withdraw all their investments in South Asia.

We are now making every effort to conquer the Central Asian market. If the US dollar interest rate hikes this year as expected, the dollar liquidity in the world will become very weak, and many people, including Chinese businessmen, will be short of dollars.

These weak economies will soon face a wave of bankruptcies, which is the direct effect of the dollar tide. The 1998 East Asian economic crisis was a concentrated manifestation of this, and the whole world followed suit to pay the bill. Ji Donglai took advantage of the restriction on payment and exchanged all the dollars.

"We have already withdrawn. Sri Lanka has also started to fall into chaos. In addition, we may have difficulty recovering some of the funds we invested in Pakistan. Some industries in Bangladesh were transferred to our domestic businessmen, and now they have taken over. As for Vietnam..."

Hu Xinyu hesitated for a moment when she spoke, and Ji Donglai glanced at her.

"On Philip's side?"

All the chips made by Yiyuan Zhizao are now in FT. Philip uses all kinds of relationships to promote products throughout ASEAN. Now the entire Indochina Peninsula and the ocean are all Yiyuan Zhizao's customers. These people don't have much liquidity, and their ability to pay is just limited.

Because of the restrictions, Philip is now having a hard time working and is getting less and less help.

"Vietnam has started to impose foreign exchange controls. Philip is still trying to find out the specific reasons. The chip orders for many electronic products produced locally are not small. This year's mask incident and some other reasons have made Philip unsure."

When it comes to FT Mechanical and Electrical, Hu Xinyu is also confused.

Xin Li is now communicating with various parties, especially the banks in Vietnam. Now every bank is very secretive about foreign exchange matters.

"Go find this person and ask her to exchange foreign currency for us. If she doesn't, we will report her to the money exchange bureau and do it immediately!"

Ji Donglai knew very well what was happening in Vietnam. He asked Xin Li and others to do it just to test his company's execution ability in the whole South Asia. Now it seems that after the restriction order came down, Xin Li and others were greatly restricted.

Hu Xinyu was skeptical and edited Ji Donglai's information directly and gave it to Xin Li.

Xin Li couldn't help but frown when she saw the message. Xin Li knew this person and had had dinner together a few days ago.

The other party is the richest woman in Vietnam, and her real estate projects are spread all over Vietnam. The construction project of FT Electromechanical was undertaken by the other party, and the cooperation between the two parties is quite pleasant.

Ji Donglai asked Xin Li to go to the other party to exchange foreign currency. Xin Li was a little confused, but Ji Donglai never said that he was not sure, so Xin Li called Miss Yang directly.

Upon hearing that Yiyuan Zhizao wanted to invite him, the other party happily accepted the invitation.

"Exchange foreign currency? Mr. Xin, are you sure? We are looking for the gold exchange bureau, why are you looking for me?"

Stunned by Xin Li's request, Miss Yang frowned.

"Someone said that if we are short of foreign currency, we should find Miss Yang and she will definitely get it. If we can't get it, then we should take Miss Yang to the Economic Crime Investigation Division of the Financial Bureau. Miss Yang is very capable and will definitely know what that means!"

Xin Li took out a file bag, which was five centimeters thick, and placed it on the table. At this time, Miss Yang was stunned.

The other person stared at Xin Li, then looked at the file bag.

As the richest man in the area, the other party knew exactly what Xin Li meant, but he just didn't understand how the other party knew so much about his affairs.

Now most of the country's foreign exchange is held by Miss Yang. The circumstances are very complicated, but one thing is certain: Miss Yang will not release it easily.

Now that the US dollar interest rate hike has begun, as the richest man in the local area, I have already been informed that on a first-come, first-served basis, the funds can be deposited in fixed periods according to real-time interest rates.

As soon as the Federal Reserve announced an interest rate hike, Ms. Yang would immediately transfer all of her funds out.

At present, at least ten banks in Vietnam have had their US dollars withdrawn by the other party. The other party's methods are not new, fabricating financial data, false transactions, multiple land transactions, and various loans.

The Vietnamese dong is like waste paper both in Vietnam and in the rest of the world. Ordinary people treat foreign currency as if it were their lover.

Vietnamese people living near the Chinese border prefer to hold RMB even when spending in Vietnam. As for the US dollar, although it is not circulated among the people, it can still be used as a storage currency.

"Mr. Xin, you know who you are talking to. It's not good to know too much about some things!" Miss Yang put away her usual smiling face and her eyes were cold. Xin Li felt relieved at this moment and put away the file bag in her hand and handed it to the assistant.

He reached out for a cup of coffee and stirred it with a spoon.

"Ms. Yang, I came here to exchange dollars. We all know why. We are restricted. There is a problem with the electronic currency settlement of the US dollar. Now the bookkeeping requires us to store an equivalent amount of currency so that the other party can perform the corresponding operation."

"You will like what we give you. Many things are just a layer of window paper. We just need to not put in any effort. Besides, doesn't Miss Yang leave herself a way out?"

"The gang behind you are shady. With us here, you have a way out. I don't need to tell you who actually has the final say in Asia. It's a disaster to hold so many dollars in your hands. You will get more of what you need if you exchange them with us."

"Making good connections and repairing the road will definitely be good for you. We have so many restrictions on Yiyuan Intelligent Manufacturing, but so many countries have invited us to invest and build factories. Why? The road is wide enough and our network of contacts is wide enough. If one day Miss Yang can't stay here anymore, we can help her go abroad safely as long as the time is right. What do you think?"

Facing Miss Yang, Xin Li was very calm.

At this time, Miss Yang's face turned red and white. The other party was not sure how much Xin Li knew.

Solved Xin Li? The other party is 100% sure that they can do it, but what about Yiyuan Zhizao behind the other party? How many companies in the world can make the United States dread their existence?

Google’s communications have been cut off, and the other party is able to launch satellites like dumplings. Who would believe it if there is no support behind it?
"Give me a number and I'll have someone give it to you. But Mr. Xin, this is only once! We were friends before, and I hope we can still be friends in the future. Friends should not do things that are not in the interests of friends."

Neither side said anything. Vietnam is now facing a booming economy, and almost all of Southeast Asia is looking at Vietnam. It has taken over a large number of Chinese transferred manufacturing industries and labor-intensive industries in Europe and the United States.

Copy China's homework and take an open-book exam!

Of course, the other party is also following the Chinese real estate economic model, hoping to drive the overall economic growth and complete re-industrialization through this form.

However, the other party did not realize one thing, that China's real estate brokerage will always have a safety net, and the vast central and western regions will be able to take on enough industrial transfer after the real estate brokerage takes root.

Vietnam is long and narrow from north to south, and the Chinese side in the north, which is close to China, has never had the courage to industrialize on a large scale again. The result is that the southern faction has long been in control of Vietnam's political situation.

This will, over time, create a particularly dangerous situation, a cultural, economic and political divide between the North and the South.

Miss Yang and her group saw the trend of the country and united to take out large-scale loans to engage in land economy, and real estate projects were launched one after another.

The mask incident is a huge blow to many real economies, but for Ms. Yang's real estate agency, or more precisely, the shell economy PPT real estate economy, it is a huge benefit.

I can’t start working without masks, and my money can’t stay idle, right? All kinds of flows stimulate the local economy...

So various swaps and transfers were carried out openly, and now most of the US dollars in various banks have been withdrawn by Miss Yang.

Xin Li asked the other party to transfer the funds to her Chinese colleague in Temple Street, and then a large amount of funds began to circulate in the One Yuan Payment System. Simultaneously, Xin Li transferred some of Philip's corporate bonds to Miss Yang, who happened to use these debts to balance the bank's accounts. When the locals came to check the accounts, they found that Miss Yang's company had so many import and export businesses recently, and they became more and more trusting of Miss Yang's real estate projects.

In this way, Ms. Yang continued to lend money to "stimulate the economy", and a steady stream of foreign exchange began to flow overseas. After a while, Ms. Yang simply went directly to Philip to buy the debt, and an invisible capital chain began to form.

At this time in the Tears of the Indian Ocean, a large number of workers began to take to the streets to cause trouble. Almost the same situation as in Nukus occurred locally, burning tires, demolishing the booths of local hat uncles, and throwing various objects at the official residence of the ruling leader.

Without foreign exchange reserves, a lot of local goods could not be sold, bosses stopped working, workers lost their jobs, and farmers had no food to eat. The entire market was in a depression, and the local station of Yiyuan Zhizao was looking at various aerial photos on the interface.

Occasionally, drones were used to take some photos on the streets, and the situation became increasingly out of control.

Finally, the angry people began to attack the Prime Minister's residence and vent their anger in various ways. The scene of robbing Huang Silang's house in "Let the Bullets Fly" was played out in broad daylight.

"The country's economy is small, foreign exchange is not controlled, and a few large companies can hollow out the country. Add to that the corruption of local managers, and it will take ten years to recover!"

"We should find an opportunity to talk to payment companies in their country and see if we can acquire or invest in them to complete digitalization. This is a big opportunity for us."

Ji Donglai has been watching the economic situation in Southeast Asia through videos these days. It is almost exactly the same as in 1998. The liquidity of the US dollar began to tighten, and these small countries collapsed directly.

(End of this chapter)