novelhk Chapter 811 Low-interest Loan
Chapter 811 Low-interest Loan
Of course, the leaders participating in the meeting also want the people of the country to have enough food and clothing.
But looking at the population of the country, it is too difficult to reach the level that Chen Changan mentioned, so difficult that they dare not even think about it.
Following Chen Changan's resounding answer, many people's eyes lit up.
The leader presiding over the meeting asked impatiently.
"Comrade Chen Changan, tell me your idea. How can we use limited foreign exchange reserves to fulfill your bold words just now?
I'm not saying it will be 100% completed, but as long as I can achieve half of what you just said, I will go and convince my superiors.
It would be worthwhile to spend all the foreign exchange reserves we have.”
Everyone in the conference room looked at Chen Changan, waiting for him to tell them his plan.
"After our country resumed its lawful seat in the United Nations, more and more countries have taken the initiative to restore diplomatic relations with us.
I believe that in the next two years, we will establish diplomatic relations with the vast majority of countries in the world.
We even established diplomatic relations with our former enemies, such as China and the United States.
We cannot deny that, judging from the current situation, their technological level is higher than ours.
Chemical fiber equipment, fertilizer equipment, these are all chemical equipment.
Compared with military equipment, these devices are not as sensitive.
They can also make money by selling equipment and technology. As long as we ask to buy a complete set of equipment, they will definitely agree to it.”
Chen Changan paused for a moment and took a sip of water, also allowing some less knowledgeable leaders to digest what Chen Changan had just said.
“Since we have decided to purchase equipment, we have to talk about the economic system of Western countries.
Most of us don’t know much about Western countries, and we think that even if we want to buy equipment from them, it would be of little use to understand their economic system.
But please listen to me patiently, and you will understand why I want to talk about the Western economic system first.
After all, we don’t have much foreign exchange reserves. Since we are buying things, of course we have to choose things that are good quality and cheap.
Originally, I planned to purchase four sets of new chemical fiber technology equipment and two sets of fertilizer production equipment as our task this year. These equipment may cost our country about $4 million in foreign exchange reserves. "
After hearing what Chen Changan said, everyone gasped. It was really too expensive.
If you want to meet the clothing needs of the entire nation, relying solely on four sets of equipment is clearly a drop in the bucket.
And two sets of fertilizer production equipment may not even meet the needs of half a province.
This alone will cost $400 million in foreign exchange reserves, which is too expensive.
You know, the leader has just said that the country currently has less than 300 million in foreign exchange reserves. If Chen Changan said so, the country would need to use its gold reserves just to purchase equipment in the first year.
If we want to achieve the ambitious goal that Chen Changan mentioned before, I'm afraid it won't be accomplished even with 4 billion US dollars.
For a moment, the entire conference room was filled with discussions about whether it was worthwhile to sacrifice twenty years of foreign exchange reserves in order to build these chemical plants.
“We all know that the United States cannot maintain a fixed exchange rate between the US dollar and gold for a long time due to its long-term fiscal deficit and trade deficit.
In 1971, the US government announced that it would stop exchanging US dollars for gold. The US dollar will continue to depreciate in the next few years.
And with the crisis in the Middle East, a Middle East war will surely break out again within these two years.
With the outbreak of war in important oil-producing areas, oil prices have soared, the dollar has depreciated, and a series of other problems have arisen.
So I think the United States will definitely experience an economic crisis in the last two years.
At this time, there will be a stock market crash, workers will lose their jobs, and the economy will be in recession.
This situation will only allow us to pick up bargains and purchase more equipment at a lower price."
Not everyone can understand what Chen Changan says, but they cannot ignore it.
"Comrade Chen Changan, these words of yours are all your speculations. How can you prove that what you said will definitely come true?"
"Time will tell. We are only discussing the plan now.
Even if a result is reached through discussion, it still requires the approval of superiors.
After that, we will need to visit countries that can produce these devices.
Only by seeing it with your own eyes can we determine whether it is suitable for us and what the cost-effectiveness is.
What is the other party's attitude towards our company? What kind of discount can they give us?
We have even agreed that we don’t have to spend a penny and we can get the equipment back.
According to my estimation, we will see the financial crisis in the United States in two years at most.”
What Chen Changan said made the leader of the unit presiding over the meeting's eyes light up.
"Comrade Chen Changan, can we still bring the equipment back without spending a penny? Please tell me about this in detail."
“This matter needs to be negotiated with other countries.
For example, a low-interest loan, or even an interest-free loan, and then use the loan to buy equipment.
After the equipment is purchased, it can not only meet the clothing and food needs of the people across the country, but also solve the work problems of some people.
In addition, once our textile equipment is in place and the clothing needs of the entire nation are met, it can also be exported to other countries.
After earning the foreign exchange, we will repay the loan. After the loan is repaid, we will find out.
It seems that we have not paid anything, but we have fed the people, clothed them, increased the number of workers, and provided more ways to earn foreign exchange."
The model described by Chen Changan made everyone's eyes light up. This is indeed a very good method.
"How can we ensure that our textiles can be exported abroad?
The world is now seriously polarized, and rich people look down on the clothes we produce.
People without money want to buy but can’t afford it, which puts our products in a mediocre position.”
Chen Changan smiled gently.
"I just said that the United States is about to face a financial crisis.
A large number of workers will be unemployed. Will they buy cheap clothes at this time?
Also, don't underestimate any country. The so-called poverty is just that they don't have money.
Having no money does not mean having no other things, for example, the Middle East can be exchanged for oil, and Africa can be exchanged for minerals.
We don't have to take their money. Sometimes mineral resources are more valuable than money.
With a low-interest loan and a mine, can’t I buy steelmaking equipment?
Steel can still be exported. This model is not only applicable to the textile industry, but also to other areas.”
At this time, the leader who was presiding over the meeting's eyes lit up. According to Chen Changan's statement, although it might be a little difficult to implement, it was not impossible.
Others may not know, but he knows a lot of information because of his position.
The leader of the United States will be arriving soon to discuss the establishment of diplomatic relations between the two sides.
Although this news has not been made public, most countries have received the news.
What followed was that many countries also expressed their intention to establish diplomatic relations, and some countries have even shown goodwill and asked whether they need low-interest loans.
It’s just that the higher-ups are afraid that they won’t have the foreign exchange to repay the loans, which would lead to the same situation as before, where they have to tighten their belts to repay the loans to the northern giant.
But at that time, I was really penniless, but now I have Chen Changan’s previous reminder.
The country has a lot of gold reserves, and with the addition of automobile factories and pharmaceutical factories, there is no need to worry about not being able to repay the loans.