Perfection of Rebirth

Chapter 828 Wild Hope (Part [-])
"Mr. Jiang, shall we take it one step at a time, first select a breakthrough among chips, motherboards and storage, and then enter other fields?" Regarding Jiang Hui's aggressive investment strategy, Zhu Zhengfeng gave a timely answer. own opinion.

As the deputy general manager in charge of research and development of Guanghui Mobile, Zhu Zhengfeng naturally hopes that Jiang Hui will invest more funds in research and development. It will be miserable if it gets stuck.

At that time, the money wasted will not be millions or tens of millions, or even hundreds of millions or billions, but tens of billions or hundreds of billions.

This pressure is not something ordinary people can hold.

"If we were born in the United States, then I definitely support your step-by-step plan. After all, this is the safer way, but we must take into account the special national conditions of the Celestial Dynasty.

Since 92, China's economy has developed in a relatively good environment for 16 years, especially in the past few years after joining the WTO, the economy has grown by double digits. One of the reasons for this may be that many people do not have I realized it," Jiang Hui said, looking at Zhu Zhengfeng.

"What's the reason?" Zhu Zhengfeng and Dai Fuqian asked curiously at the same time.

"On December 1991, 12, the European Community Summit adopted the "European Union Treaty" and decided to change the name of the European Community to the European Union. If more than 10 member states meet the convergence criteria, the single currency can be implemented.

In November 1993, the Treaty on European Union entered into force.

On December 1994, 12, the Madrid summit decided to name the European single currency the euro, replacing the Ecu.

In December 1995, the unified currency was determined to be the euro." Jiang Hui did not directly answer the questions of Zhu Zhengfeng and Dai Fugan, but started with a seemingly unrelated euro.

"As a newly established currency, the euro has its own halo from the very beginning, aimed at challenging the status of the US dollar. The US dollar is an important tool for the United States to maintain global hegemony. Of course, the euro will not easily shake its position, so everyone will find , basically the whole time, the eyes of the United States were on Europe. NATO, headed by the United States, bombarded Yugoslavia indiscriminately, and its main purpose was to attack the euro. During this period, the United States did not have much concern for the development of China. put one's oar in".

"In the past ten years or so, everyone knew that the Yankees were fighting the Soviet Union, and they adopted a strategy of wooing China. When the Yankees fell to the Soviet Union and repaired Europe, the Yankees discovered how China developed. It’s not too soon, the theory of the collapse of the Celestial Empire that has been shouted for decades has not been realized, so I am ready to deal with the Celestial Empire.”

"But at this time, there was a major event that has affected the present, that is, the 911 attacks, and the focus of the United States quickly shifted to counter-terrorism. Since anti-terrorism requires the cooperation of China, the United States basically did not take any measures against China during this period. unfold."

It was the first time Dai Fuqian and Zhu Zhengfeng had heard of Jiang Hui's point of view, and they listened carefully.

When the boss speaks, even if he has heard of it, he must pretend that he has not heard it.

Everyone is no longer a stupid kid!
"Until now, the anti-terrorism mission of the United States has almost come to an end. What follows is some daily anti-terrorism work. The United States is ready to start dealing with China again, but the subprime mortgage crisis happened. Don't look at the current crisis in the Federal Reserve and other countries. Thanks to the efforts of the central bank, it seems to have passed, this is the calm before the storm."

"The calm before the storm? I think the impact of this crisis is already very bad. Will something worse happen?" Zhu Zhengfeng asked.

"Just wait and see. This crisis is destined to be a major financial crisis that will affect history. Although the duration may not be as long as the crisis in 1929, its various impacts may not be longer than those in 1929. Worse this time," Jiang Hui continued to introduce his point of view.

"However, in fact, every international financial crisis has an inherent logical relationship with changes in the world economic structure, and human beings always seem to be able to find new solutions from crises.

For example, after the Great Depression, the US dollar-dominated international financial and monetary system was established, or the Asian financial crisis in 1997 changed the traditional East Asian regional division of labor characterized by the "geese pattern" and promoted the process of ASEAN economic integration.

"The global financial crisis will also have a wide-ranging and far-reaching impact on the growth pattern and development path of the global economy.

Entering the new century, the overall strength of emerging market countries has risen, and the world's multi-polarization has developed in depth.The rapid rise of emerging countries is impacting the global power structure headed by the United States, and the center of gravity of the global economy and trade is shifting from west to east.”

"The global economic imbalance is unsustainable, but the pace of adjustment is extremely difficult. It is difficult to achieve substantive progress in the short term to resolve the deep-seated contradictions of the global economic imbalance. The complexity of the multi-polar game pattern will bring the world economy back to the track of steady growth. face enormous challenges."

"First, the world division of labor system structured by demand and supply is facing a huge imbalance in the distribution of benefits. On the one hand, some developed economies that "lending to promote development and consumption to promote prosperity", while leading consumption, manufacturing services large-scale transfer of industries to developing countries where returns are higher.

The result was a capital overdraft, hollowing out industries.

On the other hand, the Asian economies that "develop manufacturing industry and expand reproduction through accumulation" rely on the developed countries' markets for economic development and bear the capital burden brought by the trade surplus, so that their economic accumulation is overwhelmed by those of developed countries. capital debt.

Second, the disconnection between the global virtual economy and the real economy is becoming more serious. The manufacturing center is gradually shifting from developed countries to emerging market countries, but the monetary and financial centers are still developed countries. The financial markets of developing countries are underdeveloped and the financial systems are relatively fragile. Long-term reliance on reserve currencies for pricing, settlement, lending, and investment, the exchange rate and asset risks brought about by currency mismatches are inevitable, and the risks will increasingly be borne by emerging market countries.”

"In the context of the financial crisis, no country will jump out to make troubles in a short period of time, but in a few years, when the problems become more and more serious, the United States will definitely take various actions to deal with its biggest opponent ——The Celestial Dynasty".

"As the most technologically advanced country in the world, the U.S. has too many means to deal with the Celestial Empire. Just to give you an example, when the time comes to reduce the trade deficit and refuse to allow U.S. companies to export chips to Guanghui mobile phones, then we What should I do?" Jiang Hui asked a very sharp question.

(End of this chapter)