No regrets ninety-two

Chapter 756
The plane will arrive in Hong Kong soon.

In this era, the future Hong Kong International Airport was under construction, and Wu Xiaozheng and others arrived at the very famous Kai Tak Airport.

Kai Tak Airport is famous because it is known as one of the most dangerous and exciting airports in the world.

Kai Tak Airport used to be one of the busiest international airports in the world. Its international passenger volume once ranked third in the world, and its cargo volume ranked first in the world.

However, the extremely busy Kai Tak Airport is an airport located in the city center with only one runway, surrounded by high-density buildings, and the space is very small.

When the plane takes off and lands, it must shuttle between tall buildings, and accidents will happen if you are not careful.

It is said that there were 12 flight accidents in Kai Tak, resulting in 270 deaths.

Some planes even rushed directly into the sea when they landed.

Therefore, Ma Li, who was sitting by the porthole, turned pale with fright when the plane landed, and tightly hugged Wu Xiaozheng's arm with both hands.

Now it's all right, Wu Xiaozheng finally tasted the feeling that squeezes always have.

Ma Li seems to be addicted to hugging.

Even after the plane landed and started to move towards the arrival building, she still hugged Wu Xiaozheng's arm tightly.

"Hey, pay attention to your image, you must know that you are a teacher, it's not good to be seen by them!"

Wu Xiaozheng nudged Li Huilan's mother and daughter on the other side with his mouth.

"This poor teacher really doesn't want to be a teacher!"

Mary let go of her hands unwillingly.

Wu Xiaozheng has already realized that traveling with Ma Li this time seems to have to face some temptations again.

"Where do we live tonight?" Ma Li asked in a low voice.

"Stay at the Regal Airport Hotel!"

In this regard, there are not many options.

Wu Xiaozheng and others transferred to Hong Kong, and had no intention of staying here for a long time, the purpose was only to transfer flights.

Therefore, staying at the Regal Airport Hotel became the only option, because this is the only hotel near the airport.

Of course, the standard is five star.

"Seven of us, four men and three women, how do we live?"

"You don't want me to share a room with you, do you?"

Wu Xiaozheng directly exposed Ma Li's desire to tease her again.

This woman is stunned!

"Hee hee, this is the best way, I'm a little scared to sleep alone."

Ma Li smiled slyly, without any sense of shame.

Rotten girls who have experienced human affairs are really hard to mess with!

Wu Xiaozheng was ruthless: "It's simple, open a three-person room for the three of you, and you won't be afraid."

Mary: "..."

You cruel man!

As soon as he got off the plane, Shen Mo immediately went to book a ticket.

As one of the busiest international airports in the world, flights seem to be a little tight now, especially to the United States.

The reason is simple. The Christmas holiday in the United States is about to end, and many people are rushing back to the United States at the same time.

In this era before the Internet, booking tickets is also a very troublesome thing.

After queuing in silence for a while, I finally got a ticket to New York at noon the next day. This was on the premise that I booked a business class ticket, and it was hard to find a ticket for an economy class ticket.

"Those students who returned to China for the winter vacation are basically crowded back to the United States at this time, and it is difficult to buy economy class tickets."

Shen Mo complained while counting the dollars in his hands for change.

He still seems to be distressed by spending more money.

You know, the price of business class is almost three times the price of economy class.

In this era, it is not easy to get some foreign exchange. Even in Zhengjia Plaza, it was Wu Xiaozheng who asked Yu Jun and his mother for help, so he managed to exchange it.

This immediately aroused Wu Xiaozheng's vigilance.

He doesn't care about money.

How to put it, Chef Wu is already able to make a lot of money. If you travel by yourself, you don't need to feel bad about spending such a small amount of money.

He was thinking of another big thing.

RMB depreciation!
Then there is inflation.

He remembered that from the end of 93 to the beginning of 94, the RMB would experience the largest depreciation in history.

According to the official exchange rate, on December 1993, 12, the exchange rate of RMB against the US dollar was still 31, but on January 5.7, 1994, the official exchange rate of RMB and the foreign exchange adjustment price were officially merged, and the price of RMB against the US dollar was 1, a depreciation of 1% compared to the previous year. .

In the next 11 years, the RMB has been stable at around 8.3 until the exchange rate reform again in 2005.

What happened at the same time was the substantial inflation in the country.

The reason for this phenomenon is related to the history of China's reform and opening up.

In 1988, because the decision-makers had the intention of letting go of prices, the early price increases of famous cigarettes and wines constituted a strong signal, which led to a rush to buy goods, and prices rose sharply, up 21.5% that year.

In order to curb rising prices, in October 1988, the decision-makers began to take measures to rectify the economy until 10.

Under the relevant measures, the growth rate of GDP dropped from 1988% in 11.3 to 198% in 9, and only 4.1% in 90.

During this period, there have been well-known sensitive events, which have triggered debates on reform and opening up, and the process of marketization is in danger of being interrupted.

Against such a background, in early 1992, Xiao Ping made a speech on the South Tour, proposing that if reform and opening up were not carried out, there would only be a dead end, and that the economy should develop faster.

This speech played a decisive and positive role in promoting reform and opening up.

Therefore, taking advantage of this momentum, various places desperately borrowed money for large-scale projects.

Under the background of adhering to reform and opening up, domestic GDP began to grow rapidly again. By 1992, the growth rate reached 14.2%. In the following years, the growth rate of GDP has remained above 8%.

But at the same time, the CPI (consumer price index) also followed the rapid growth, and its increase ranged from 1992% in 6.4, to 1993% in 13.7, and then to 1994% in 24.1...

This directly means that prices are rising rapidly.

The rapid rise in prices, the direct consequence is the depreciation of the renminbi.

Since March 1988, my country has implemented the method of adjusting the coexistence of the market exchange rate and the official exchange rate. Among them, the market exchange rate is negotiated by the buyer and the seller according to the supply and demand of foreign exchange.

But at this time, China had not yet entered the customs (later the World Trade Organization), and was still restricted by Western countries in international trade.

Therefore, the country's foreign exchange reserves are still very limited.

By 1993, my country's foreign exchange reserves were only 211 billion yuan.

After that, foreign exchange reserves began to maintain an annual growth rate of 100 billion to 300 to [-] billion.

到2001年加入世贸后，就开始以700亿、上千亿、2千亿、甚至4千亿以上的年增量速度往上攀升了，于是就有了后来3.2万亿高居世界各国之首的外储。

But now in 1993, due to the small amount of foreign exchange reserves, the exchange rate is greatly influenced by the international market. Therefore, the direct manifestation of rising prices is the sharp rise in the market exchange rate. From about 7.4 at the beginning of the year, it rose to about 6 in June. Some places even broke through 10.9 yuan.

After that, if the central government did not start macro-control, the market exchange rate would continue to rise.

Wu Xiaozheng was thinking at this moment, since the market exchange rate and the official exchange rate are about to rise sharply, should he get some US dollars to save?

Also, since inflation is about to start soon, shouldn't the money in Chef Wu's hands be spent as soon as possible?
This is a very important question!
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(End of this chapter)