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Chapter [-]: Provoking the "Defective" Crisis

A few people said a few polite words, but then they talked about business. 【

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The two presidents also knew that Lan Heng had brought a few students to gain insight, so they didn't avoid it, but said directly, "Old Lan, Morgan's banquet today is not a good one, maybe it will be a big one soon. Open the exchange rate dispute."

After the President Li of the Industrial and Commercial Bank finished speaking, the "President Liu" of CCB took over the words, "It's just that we have to argue with them at this banquet. We are not afraid of Lao Lan and other economic masters. But, according to the news The representative Morgan sent this time may be a young generation of wizards, and when the time comes, Old Lan and us..."

Chen Jiayi and the others naturally understood the meaning of these words.It must be that they met those representatives of the younger generation in the United States. They, the older generation, should not use the big to bully the small.It's just that the education in the United States and China is different.The younger generation has always been in the process of experience and has not yet grown up.On the other side of the United States, they are more concerned about some wizards... Therefore, we can see that there are so many wizards in the younger generation in American education.And in China, even if there is one, it is difficult to show up when you are young. Only when it is a matter of course, at the age of some of their presidents, can they show their momentum.

In this way, it is naturally difficult for the young representatives of the domestic side to be hostile to the young talents of the United States.

"Well, did the two presidents make any arrangements before?"

"There are arrangements. After all, we have trained a few good young people. Alas, Mr. Wen, if "He Chong" is here, maybe we can rest assured."

Of course Chen Jiayi knew who "He Chong" was.

That was "Lan Heng"'s most proud protégé before, and he had been working in a large domestic investment bank before.Later, I don't know what happened, but I went to the United States.At present, he has taken an important position in the Tang Dynasty Quantum Fund.Afterwards, He Chong became more and more famous under this fund.I heard that "He Chong" often appeared in several large-scale financial sniper battles in the world.

However, for now, among the disciples, Lan Heng's most important thing has been transferred to Chen Jiayi.After President Liu finished speaking, Lan Heng took a look at Chen Jiayi.But he shook his head in his heart, and thought to himself, "Although Qingyun is very talented, but he has only studied economics for two years, and the time is still short, and he still needs some time." Looking at the few people around him, Qin Keyu performed the best, but his talent is limited... It doesn't work either.

"coming."

Several people chatted here for a while, and several people from Morgan Stanley had arrived.

"Welcome everyone to come to this banquet..."

This time the banquet was hosted by Morgan Stanley.So, Morgan Stanley served as the host of the banquet.The first person to speak at the front desk was "Jackson", the vice president of Morgan Stanley.

"It's the first time I've come to beautiful China. The development here is amazing, it's a miracle in the world..."

Jackson does not speak Chinese, he uses English.However, the people who come here are not celebrities in the society. Even if there are high-ranking officials who don't understand English, there will be simultaneous translation by their side.Of course, students like Chen Jiayi, as students of Tsinghua University, are not bad at English, and it doesn't sound like a hindrance.

"It's just that I feel that the policies here are too tight, and many of our investments cannot be carried out smoothly."

China has relatively strict controls on foreign exchange, and many capitals have to go through approval if they want to enter China.On the one hand, although this restricts the development of capital, on the other hand, it guarantees the domestic economic security.Otherwise, financial investors all over the world will see the booming economy in China, coupled with the current climax of RMB appreciation.I am afraid that all the hot money will be rolled over to China to experience the benefits brought about by the appreciation of the renminbi.

There is a joke in later generations that a foreigner brought 10,000+ US dollars to travel to China, and then spent tens of thousands of dollars in China.Finally, because of the appreciation of the renminbi, when returning home, I exchanged the renminbi in my hand back to the US dollar again.As a result, he suddenly discovered that not only did he not lose money when he traveled to China, but he made a profit of [-] to [-] U.S. dollars.

This is of course a joke, the appreciation of the renminbi is not so serious.Even if it is so serious, it is impossible to appreciate so much in a short period of time.However, the harm of the appreciation of the renminbi to the Chinese people and the economy is undoubtedly huge.Just like why during the economic crisis, a large number of currencies have to be flat.Because flat value is conducive to export, and export is conducive to economic recovery.

"Today, I very much hope to talk about the rise of China's economy in the future with some Chinese celebrities here."

After Jackson finished speaking, he raised his wine glass to pay tribute to the guests present.

This banquet is not a formal banquet, and everyone can walk freely while toasting.After Jackson finished speaking, everyone exchanged a few words. Five minutes later, Jackson spoke again, "The wines here are the same as those in the United States, and the taste is very good. I think China should also be the same as the United States. Friends, I would like to introduce a friend, Alvin."

At this moment, a young man with blond hair and blue eyes stepped out from the side.

"This young guy is simply amazing, I like him very much. Yes, today, he seems to be talking to friends about the Shanghai issue of global exchange rates. I know that everyone here is an expert on exchange rates. We You are welcome to discuss with us.”

Afterwards, Jackson handed over the topic to Alvin.

"My name is Alvin. If it is translated into Chinese, it is everyone's favorite friend."

Alvin didn't use English, but fluent Chinese, and even spoke Chinese better than some Chinese, which surprised the guests here a little.However, all the people sitting here are famous people, this little surprise is just fleeting.

"I think the exchange rate is a sensitive term. I am afraid that any point mentioned casually is related to the economies of various countries. However, what I want to say is that in a world where the global economy is integrated, the exchange rate of each country is important to him. A relatively reasonable valuation should be maintained, which is conducive to the balance between the economies of various countries. My hometown is a small town in the United States. Although it is a small town. However, I found that many of the commodities in the supermarket are from China Manufacturing. I used to go to a factory that I admired very much when I was a child. At that time, I thought, when I grow up, I also want to own such a factory. But now, the people there tell me. The factory closed down because the Chinese The stuff is too cheap, so they can only go out of business..."

"Alvin" really deserves to be a business wizard.

A deep exchange rate problem is fully expressed in one of his short stories.Then, in the story, I told everyone clearly.Why factories will close down, the contradiction points to the severe undervaluation of China's renminbi.A lot of super cheap goods were sold all over the world.In this way, those localized enterprises had to close down.

"I don't know what your opinions are?"

After Alvin finished speaking, he took a sip of wine casually, and then looked at some guests who came.Here, they are all Chinese upper-class celebrities.Everyone who goes out is an object that others look up to.

"No, Mr. Alvin, I think you are wrong."

After Alvin finished speaking, he was immediately denied by the representative of China.

"Who is this?"

Chen Jia asked in a low voice.

"This is "Yue Wenhua", a strategic analyst at CICC, who graduated from the Economics and Management Department of Peking University a few years ago."

Qin Keyu was several years older than Chen Jia. When she was a freshman, she had heard of the name "Yue Wenhua". Back then, she should have been a famous figure in Peking University.

"Oh."

Chen Jia nodded and waited to see what he had to say.

However, the melons and fruits on the table were too tempting, and for a while, Chen Jiayi was intoxicated by the sweetness of the melons and fruits again.

"Uh, I didn't have enough for lunch..."

Seeing Qin Keyu's gaze, Chen Jiayi smiled, and continued eating without feeling embarrassed.

"The global economy is interconnected, and competitive products will naturally be favored by others. As for the situation Mr. Alvin saw, I am afraid that the factory's products are not competitive enough, which is why it finally closed down."

"Okay, the competitiveness you mentioned is very good, let's talk about competitiveness. In recent years, China has developed very fast, very fast, just like a high-speed train. Many well-known products from all over the world can now be sold in Appeared in China. For example, many luxury goods in France, and Japanese cars... I think these products are very competitive. However, I found in China that many rich people say that foreign cars are too expensive. It's expensive, and you can't afford it... This is not a good phenomenon. I think that in a country like China, every family should have a car. If the exchange rate is raised accordingly, I think you will find , these cars, these world commodities, how cheap it should be."

Even though Alvin didn't mention economic terms at all, everyone knows Alvin's understanding of economics.

One story after another directly points to the fact that the renminbi is undervalued.

"This……"

Such stories are concise and easy to understand, even for some friends who do not understand exchange rates.Hearing this, I also greatly agree.This is much more practical than conceptual analysis and technical analysis.Once a story comes out, it will destroy all your reasons.If you want to refute, if you only use economic terms, then the combat effectiveness is only a little bit, which is not worth mentioning at all.

"Haha, everyone, in fact, you also feel that the RMB is seriously undervalued."

Alvin looked at some of the guests below, and it seemed that a lot of people were talking silently.

"This kid, you can trick us with a little trick, hum..."

At this time, President Liu was about to speak.

"Old Liu, forget it, this is not a formal banquet, and such a sneaky change of concept will not be put on the table."

Lan Heng was calm and relaxed, smiling lightly all the time.

"Ke Yu, if it were you, how would you answer?"

"Teacher, in fact, he is completely subverting the concept, making partial generalizations, and ignoring factors such as productivity and consumption power."

Qin Keyu replied.

"I know, but if it were you, how would you answer?"

"I……"

Although he secretly changed the concept, it cannot be considered technical at all.

"Well, it's hard for you."

Lan Heng nodded, he was not disappointed with his students.After all, this kind of economics must be connected with reality.Moreover, there must be a very strong ability to adapt to changing circumstances.Otherwise, even if you can see through the opponent's strategy, you still cannot defeat him with words.After all, when hyping the economics war, you can't talk about such advanced economics every day in the media.

You can only explain the exchange rate issue and the appreciation of the renminbi to people in plain language.

"Haha, it seems that I should change the subject."

Alvin laughed, he didn't want to embarrass those sitting here too much.In the first match, it was enough for him to gain momentum.Although, he knew that a large group of economists in China loved to be friendly and didn't want to talk about it with him, a junior.

And just when he was about to change the subject, at this moment, an abrupt voice sounded, which felt very weird.

"Haha, good wine, good wine..."

All I saw was a young man who was holding a wine glass in his hand and took a sip of wine with his head up. He was in a frenzy there.

"No, you can also get drunk here, and don't look at what kind of place it is?"

At this time, someone whispered.

In fact, this alcoholic is none other than Chen Jiayi.

"Chen Qingyun, you...you wake up?"

Qin Keyu was in a hurry, and was very nervous for a while.

However, Chen Jiayi ignored her, continued to hold the wine glass, swayed it, and was about to come to Alvin.

"Security, security, this gentleman is drunk, please ask this gentleman to go out."

Alvin was still very polite and did not get angry.

After speaking, two security guards stepped forward immediately.

"This gentleman..."

After all, Chen Jiayi was about to be carried out of the banquet.

"No, I want to ask this gentleman, I have something to say."

For some reason, although the two security guards grabbed Chen Jiayi, Chen Jiayi still managed to break free.

"Mr. Alvin, can I answer a question?"

Chen Jiayi pretended to be drunk, and looked at Alvin half-eyed.

"Of course, of course."

In order to show his gentlemanly demeanor, Alvin nodded.

"How about the wine?"

As he spoke, Chen Jiayi raised the wine glass in his hand, indicating the fine wine in the glass.

“Great, very pure taste.”

"Yes, I think so, I think, your hometown friends, they will like it, won't they?"

"Yes, this wine is very popular in our hometown because it is so cheap, but so delicious."

As soon as he finished speaking, Alvin's expression changed.

"Great, do you know that this wine is produced in China. I think your family members don't want him to raise the price. Because for ordinary people, raising the price means drinking less wine. A fine wine. You say, don't you?"

"This one……"

Finally, Alvin and Morgan's people, they know, this is a drunk friend.At this time, after the guests present saw Chen Jiayi's witty answer, a large group of people applauded.

"it is good."

There are already excited people in the audience applauding.

"cheers."

Chen Jiayi was very calm, raised his glass to Alvin, and took a small sip.Then, Chen Jiayi stepped forward again, put his arms around "Alvin, like a friend who met after a long absence, and said, "For your name, you should be our friend.As a friend, I have to tell you a little story. "

"In a city, there is a family. They go to work in a factory every day to make a kind of glove. They work twelve hours a day and make hundreds of pairs of gloves a day. Then, the selling price of each glove is only 2 yuan money. People asked that factory why it was sold so cheaply. You know, you don’t make money at all. The factory owner said, no way. In the end, the exchange rate has appreciated, and gloves are very expensive abroad. In the end, because Americans don’t know how to make such products, customers have to reluctantly buy expensive products..."

"My friend, do you wish such a thing to happen?"

Alvin responded, and Morgan's top management looked at each other.

……

A banquet ended quietly under such circumstances.

"He Chong, how are you doing recently?"

In the next few days, after the banquet, Chen Jiayi carefully analyzed the global economy and the US economy.It is now 2003, and the world's economy is very good, even the United States is relatively impressive.Especially in the case of housing prices in the United States, which has continued to grow, it has shown that the economy is very good.

After a long period of consideration, Chen Jiayi made a decision.So, he made a phone call to "He Chong".

This He Chong is Lan Heng's favorite student, and he can also be regarded as Chen Jiayi's senior brother.

At that time, when Chen Jiayi heard about the name of "He Chong" in Tsinghua University, he once saw "He Chong".At that time, He Chong was just a manipulator of a certain domestic investment company.During the contact with him, Chen Jiayi discovered that He Chong still has great potential to be tapped.However, in China, under the constraints of financial policies, he could not perform at all.

Therefore, Chen Jiayi introduced He Chong to Tang Dynasty Quantum Fund.Originally, he only planned to train "He Chong" to be an outstanding international financial operator, but unexpectedly, under the cultivation of the international environment, He Chong's potential continued to rise.Until now, he has been a complete professional financial speculator. Even Soros praised "He Chong".

Until later, slowly, Chen Jiayi also handed over half of the affairs of the Tang Dynasty Quantum Fund to He Chong.

"Mr. Chen, we have recently focused on oil again."

In 2003, the United States launched the Gulf War, sent troops to Iraq, and controlled Iraq's oil.Since then, the trend of crude oil in the world has been fluctuating greatly.Often when a crisis occurs somewhere, the price of oil will rise sharply.Especially under the hype of interested people, the price rose even more fiercely.

Moreover, crude oil is the energy source that the world has been relying on for survival, and it is almost irreplaceable.It plays a very important role in the world economy.All countries in the world will participate in oil futures contracts.Therefore, for some institutions with relatively large economic strength, if they see the opportunity, they can really make a profit in hundreds of countries.

"Oil has been controlled by the United States, and at most it can only make a small profit. The risk is much greater than before, so we will do less in the future."

"Well, we think so too. It's just that, at present, only oil is a better investment."

"I do have a suggestion, you can put your eyes on the "secondary products" of the United States."

【

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