Rebirth: Super Banking System - Chapter 2539 - 2377: A Blow to the Head
Chapter 2539: Chapter 2377: A Blow to the Head
Ninth Day.
Morning.
Beijing International Trade Hotel.
Annual event.
Gathering again. Although a bit formulaic, everyone wasn’t really here for the meeting; rather, it’s an opportunity to communicate and strengthen relationships.
Businesspeople.
Scholars.
Officials.
Gathered together.
Similarly.
Tang Qing’s entry was like the most dazzling star, a man single-handedly doubling the average wealth of those on the Hurun list.
One word.
Respect!
Moreover.
It’s been two months since the Hurun release. The Euro’s sharp decline led to a massive capital influx into the United States and Myanmar’s stock market, increasing Tang Qing’s net worth once again.
Estimated.
At this pace.
Next year’s Forbes list could see Tang Qing reaching the historic high of 900 billion USD. Just a few steps away from a trillion USD.
Considering this.
You have to be impressed.
One trillion.
And in USD, it would make them crane their necks in reverence.
At the same time.
It’s also frustrating.
Tang Qing’s company benefits are incredibly high. In comparison, they seem like heartless bosses, leading to countless complaints.
Heartache!
A person who doesn’t seem greedy can still amass such fortune.
Even more frustrating.
Just thinking about it.
It’s enviable enough to make eyes turn red; from mid-April until now, almost eight months, that Myanmar gold mine alone made Tang Qing over 10 billion RMB.
Pure profit!
Outshining 99% of companies present.
Moreover.
This year, with the orders for offshore drilling platforms, Qingyuan Technology’s sales will surely reach a massive figure, setting a new height for private enterprises.
…
Soon.
The opening ceremony began.
Soon after.
It was Tang Qing’s turn to take the stage.
Rambling east.
Rambling west.
End!
Primarily just to make an appearance, but the businesspeople on-site listened intently, whereas with others, audiences would lose focus after a few sentences.
But Tang Qing was different.
Vision.
Ability.
Knowledge.
All were extraordinary. Every word might contain business opportunities or indicate the next move. In the private enterprise sector, Tang Qing is a legendary figure.
…
This year’s annual meeting, compared to last year, was filled with more laughter, as business was good; even though there was a global economic crisis, Huaxia was unaffected.
Exports.
Infrastructure.
Domestic trade.
…
All developed orderly.
Especially the new African market, which provided many companies with new growth points, following the trend. One could say this year was good for everyone.
For the coming year.
Filled with expectations.
…
Twelfth Day.
Morning.
The annual meeting ended, and Tang Qing left Beijing, strolling around various places. Mainly visiting large branches of subsidiary companies, like the other industrial parks.
Six major parks.
This year.
Even if you include Beijing, Tang Qing only visited two. There are still four more; it wouldn’t be fair to favor some over others. Taking advantage of the end-of-year free time, he made an appearance.
Twentieth Day.
Last stop.
Hainan Province.
Testing Base.
At this time.
This testing base, assembled with the floating platform, was busier than before. An entire nearshore area, nearly ten kilometers long, had become a construction zone.
Can’t help it.
Too big.
No dock could accommodate it, so this place had to serve as the assembly area. Every day large quantities of parts and assembled modules were transported here.
Welding.
Construction.
Progressing in an orderly manner.
These constructions.
Of course, weren’t handled by Qingyuan Technology but by the country’s major shipyards, which took on the project contract; Qingyuan Technology was responsible for design and management.
Material allocation.
The top ten domestic shipyards gathered here, taking this major project very seriously, not just for the profits but also for the reputation it brings.
To this end.
Deploying a large number of elite forces, working non-stop day and night.
After all, it’s remote.
There are no disturbances to residents.
The profits given by Qingyuan Technology were adequate, and with the tight schedule, labor costs weren’t a concern, resulting in thousands of workers busily engaged here.
Clanging and banging.
Quite lively.
“Chairman, the main construction of the first three drilling platforms, which started earliest, is already more than halfway done. If all goes well, they can start being delivered by April next year.”
“As for the rest, none will be delivered later than the end of next year.”
“…”
The site manager explained.
Happy inside.
At first.
He was also the on-site manager for the floating platform, and later continued to manage subsequent major projects; although under unified management, there weren’t any extra perks.
However.
The performance bonuses were high!
Needless to say, it’s a multi-billion-dollar order.
Bonuses of two or three million are certain. In one go, earning money that one thought would take ten or twenty years to make brings genuine happiness.
…
December.
Passed quickly, and to say the global focus still lay with Eurozone issues. At the beginning of the month, Portugal announced its referendum, starting on the 25th.
Thirtieth Day.
Results out.
— Withdrawing from the group.
With this result, large demonstrations erupted on the streets of various Eurozone countries, seeing it as a ’victory for democracy.’
Upon seeing this.
France and Germany sighed in relief.
It seems.
Quite effective, giving them some breathing room to handle issues outside the Eurozone. Seeing the Euro now caused them heartache.
October.
November.
In two months, it plummeted nearly 20%.
December.
Throughout the month.
Dropped another nearly 8%. If it weren’t for the rescue efforts, it would’ve likely been cut in half by now compared to the start of the year. Terrifying!
At the beginning of the year.
One Euro could still exchange for about eight RMB.
Now.
It can only exchange for a little over five, and if converted to Asia Dollars, just over three. From a currency perspective, devaluation benefits the export industry.
But this kind of ’benefit,’ they don’t want it.
Aren’t they selling well enough?
Why bother?
Technology.
Luxury.
Travel.
The economic drivers of the three major Eurozone countries have pricing control, selling high-value-added products, with weak end-market bargaining power.
Therefore.
They hardly wish for currency depreciation.
…
Early January.
Just as Portugal began exit negotiations, with France and Germany thinking internal public opinion would settle down and start reconstructing the Euro’s position externally.
The situation.
Slammed them with a heavy blow.
“Italy, withdrawing!”
Street.
The recently quiet crowds took to the streets again, targeting the last high-debt country in the Eurozone.
— Italy.
Greece.
Portugal.
Italy.
The three major debtor countries in the Eurozone, with public debt exceeding 100% of each nation’s annual GDP. Thus, Italy was the third to be hit.
Previously.
Why wasn’t Italy targeted?
Very simple.
High GDP base.
Although.
By the start of last year, Italy’s public debt had exceeded 1.8 trillion Euros. Several times Greece’s debt, but its economic volume was much higher.
That’s why no immediate crisis emerged.
For a moment.
Italy was dumbfounded.
…
Similarly.
France and Germany were a bit taken aback.
“What’s happening? Why is Italy dragged into this?” Just after filling one pit, another big pothole appears ahead; are they digging graves?
