Go back in time and be a chaebol

Chapter 1321 There is no poverty in Nanyang (rd update, please subscribe)

In the early morning, when the sun jumped out from the Pacific Ocean, Morgan had already woken up. Sitting on the balcony of the hotel, he looked at the sun and the sea in the distance. He took a sip of coffee with a cup in his hand and said softly:

“This is the hotel!”

The location and environment of this hotel are very good. Facing the sea, the vast ocean is outside the window. It is basically a scenic spot with excellent scenery. For Morgan who wants to invest in Southeast Asia... this is his first investment target.

Buy this hotel!

"If something unexpected happens, there will be a lot of Americans living here for a long time in the future, just like..."

Looking at the city waking up in the sun below the mountain and the densely populated residential areas, Morgan said to himself:
“Live here just like the people of Nanyang!”

Live like a Nanyang person!

When this thought came to Morgan's mind, an idea suddenly popped up in his mind - to go and see where the Nanyang people live.

That morning, Morgan took a car to a nearby residential area. Looking at the neat residential area, Morgan was stunned for a long time before he said:
"Cheng, is this a slum?"

"here……"

Cheng Jinlun replied somewhat proudly:
"Mr. Morgan, there are no slums in Nanyang. In Nanyang, everyone lives in houses like this. As long as you are a Nanyang person, you can move into such a house after you get married, and you only need to pay a small rent every month."

This is Nanyang, the most desirable place in Nanyang. Of course, it is also the pride of Nanyang people, especially for people like Cheng Jinlun, who have been to many countries and know more clearly how desirable the life of Nanyang people is through comparison.

"Uh……"

Morgan was not an uninformed person. He certainly knew about Nanyang’s “public housing policy” and they even invested in some Nanyang companies because of it. However, the feeling of being there in person was completely different from looking at photos.

Facing the renovated community before him, the two-and-a-half-story houses, neat lawns, and smooth roads, everything reminded him that this was a typical middle-class community.

So he specifically asked:
"Does everyone in Nanyang live in a place like this?"

"Yes, everyone!"

Cheng Jinlun emphasized:

“So, there are no slums in Nanyang, not even poverty!”

As a Nanyang native, even in front of the boss, Cheng Jinlun couldn't help showing off and said:
"In the United States, since Eisenhower, we have been committed to eliminating poverty. In Southeast Asia, you have said no to poverty from the very beginning. Through wages, social security and other aspects of protection, you ensure that every Southeast Asian will not fall into poverty, even..."

Cheng Jinlun emphasized:

"The ranch we visited yesterday, those speculators who failed in speculation, they are also well taken care of. They can live in apartments, find jobs, and still live a good life. Although not as good as before, they will definitely not end up on the streets!"

Looking at Cheng Jinlun, whose expression was full of pride, Morgan nodded. Even if he were in her place, he would be proud of these things.

"You have truly accomplished what mankind has always dreamed of achieving!"

While expressing his feelings, Morgan saw a family in the distance and said:

"Can we go over there and take a look?"

Morgan made this suggestion because he wanted to understand the lives of ordinary people in Southeast Asia, so he came to a family.

After knocking on the door, the lady who came into view was actually a young woman with southern European appearance. She looked at the group of people in front of her and asked with some confusion.

"What's wrong with you?"

Cheng Jinlun said quickly.

"Ma'am, we are tourists here. Can we visit your home?"

"visit?"

The woman holding the child was a little confused, but still warmly invited them into the house.

After obtaining the owner's consent and entering the house, Morgan found that the home decoration of Nanyang people was simpler than that of Americans. There were no decorations such as carpets. It looked very simple but very tidy.

This place looks no different from an American middle-class home, with various household appliances such as a telephone, television and refrigerator.

“It doesn’t seem to make any difference.”

Such an idea popped up in Morgan's mind. The evidence was not only the home decoration, but also the food in the refrigerator. After opening the refrigerator, there were not only a lot of fruits in the refrigerator, but also milk, Fanta, beer and other beverages, and there were large pieces of meat in the freezer.

"Their living standards should be far higher than those of Europeans."

Morgan's judgment was correct. Whether in terms of per capita income or living standards, Nanyang has far surpassed Europe. In fact, Nanyang's attraction to Europeans has always been its stable situation, good income, and of course abundant material supplies.

In the years just after the end of World War II, countless Europeans left Europe and came to Southeast Asia for bread and milk.

It is thanks to the intellectual resources of Europe that Nanyang has achieved its current prosperity. Even many European women married to Nanyang just for the sake of bread.

After leaving the family, Morgan said:

“There seem to be a lot of Europeans here.”

"There aren't many Europeans in Tungning, only about a few hundred thousand. There are more Europeans on the main island of Borneo, more than a million of them."

Cheng Jinlun's answer made Morgan nod and say.

"This is good. At least Europeans are not considered outliers here."

Even Morgan was worried about being discriminated against here. After all, in the United States, those who understand will understand.

"Mr. Morgan, where are we going next?"

"Let's go to Dongning Steel Company."

Morgan said without hesitation.

"That steel company is our biggest competitor."

The reason he said this was because the Morgan family itself was a shareholder of U.S. Steel and several other steel companies.

In the early days, Nanyang would import a large amount of steel from the United States. Now they have not only achieved self-sufficiency in steel, but also export it back to the United States.

There is competition between the products of the West Coast and U.S. Steel, and while this competition is acceptable, who knows what the future holds?
Although they were competitors, when Da Morgan proposed to visit Dongning Steel Company, the senior management of Dongning Steel Company naturally did not refuse. Instead, they warmly received the other party and showed them the most advanced equipment of Dongning Steel.

"…Now we are looking at the company's No. 7 blast furnace, which has an effective furnace capacity of 5600 cubic meters and a designed annual output of more than 400 million tons of molten iron. It is currently the largest boiler in the world and also the most modern. It uses the company's designed high-efficiency, low-consumption, super-large blast furnace technology, as well as high-temperature top-fired hot blast furnaces, gas dry dust removal, slag drums, high-precision coal injection, high-efficiency environmental dust removal and other equipment…"

It doesn't even need a special introduction. Just hearing the annual output of 400 million tons will make people fall silent.

The output of this blast furnace even exceeds that of most steel mills in the United States - U.S. Steel is the largest steel company in the world, but it is a consortium of several steel companies, and it is certain that the output of no single plant can compare with that of this blast furnace.

And what is even more shocking?
It is the automated production line that appears before our eyes.

In the steaming steel rolling workshop, Morgan looked at the steel constantly pouring out in front of him, and his eyes became more and more solemn.

"After the blast furnace taps iron, the molten steel is sent from the ladle furnace to the oxygen top-blown converter to be smelted into molten steel, and then made into billets, which are directly sent to the rolling workshop. The automatic continuous rolling mill continues to process it and makes various steel products according to different production lines. During this process, the billets do not need to be heated again, which saves a lot of materials and naturally reduces costs."

Following the introduction by the manager of the Donning Steel Company, Morgan's heart could not calm down for a long time, because he knew very well that compared with the Donning Steel Company, the equipment level of the American Steel Company was still in the 30s. Although many of the technological levels were at the level of the 50s, in fact the main part was at the level of the 30s.

But the steel company now before his eyes is a modern steel company. Even their blast furnace is controlled by a computer. Everything seems so incredible, but it is natural.

After all, this steel company was newly built after the war, so they would naturally use the most advanced equipment in the world.

"This is a very normal thing. In the future, U.S. Steel will also update its equipment."

On the way back to the hotel after leaving the Dongning Steel Company, when this thought came to Morgan's mind, he didn't know that just over 20 years later, the American steel industry had become a thing of the past, and they were actually heading towards their end little by little.

But for Morgan, at least for now, he still holds on to traditional ideas and still believes that industry is the foundation of everything.

Morgan did not just visit Dongning in a cursory manner. He not only visited many factories, but also delved into every aspect of the city.

I visited those residential areas more than once, learned about the lives of locals in their homes, and learned about the unknown details of the city.

Why visit residential areas? Because only through the lives of ordinary people can we determine the future order here.

This place is obviously extremely suitable for living. Everyone is enjoying the present life very much. Everyone seems to be very happy. That is why they all have smiles on their faces that come from the heart.

Recalling the lives of the Nanyang people he had witnessed over the past few days, and feeling the serenity and calmness in their expressions, Morgan said to himself:
“This is indeed a very nice place…”

Although from a financial perspective, Dongning is not the financial center of Nanyang, Morgan chose it for his own considerations. The most important consideration is... compared to the main island of Nanyang, it is safer here. After all, if a war really breaks out, the Soviets will definitely pay special attention to the main island.

As for Dongning...it is an outer island and relatively safer. After all, the main reason for investing in Southeast Asia is for safety and risk aversion.

Staring at the sea and thinking of the thrilling crisis before, Morgan couldn't help but sigh:

“It’s so good to be alive!”

(End of this chapter)