CHAPTER 1873: CHAPTER 1698: NOT A CENT LESS (NO SUBSCRIPTIONS SPARED)

The next day.

The twenty-sixth.

The Manor.

The small orchard.

Tang Qing was trimming a mandarin orange tree.

"Tangtang, the acquisition of the shipping company is complete." Tang Kai walked over from behind, speaking happily. Initially, because there was no competition, the Sky Eye had begun the acquisition process by the thirteenth.

The thirteenth.

Prepared the materials, submitted the evaluation to the Myanmar Bank Group.

The fourteenth.

The Myanmar Bank Group approved it.

The fifteenth.

The acquisition officially began.

No competition.

Add to that the heavy debts, the shipping company owner was very cooperative, even making significant concessions, reducing the acquisition price to 8.5 billion Asia Dollars, nearly seven hundred million less than expected.

Such a reduction.

Nearly ten percent.

However.

If you add the debts, it’s only about five percent, after all, if a company’s assets are a hundred billion and its debts a hundred billion, theoretically, it can be sold for even a dollar.

The reason for the owner’s generosity.

It’s not due to an urgent need for money.

Nor is there a trap.

Rather, it’s due to the bankruptcy of Lehman Bank. Compared to the previous life, Lehman Brothers Bank went bankrupt three weeks early. Tang Qing wasn’t surprised at all; the Butterfly Effect manifests in every aspect, and he’s long used to it.

For example, this Olympics.

Huaxia won three more gold medals than in the previous life.

The Subprime crisis.

Was intensifying.

Now.

With the bankruptcy of one of Wall Street’s four major investment banks, the resulting Domino Effect is terrifying, shaking the whole of Wall Street and the global financial market. Panic spreads, and many people are frightened.

The financial crisis.

The economic crisis.

Almost inevitably leads to one result---difficulty in cashing out at a high level.

Now.

It’s the prelude to a major crisis, and no one knows how deep the abyss is. The shipping company boss saw this and realized that it wasn’t going to work. To quickly conclude the transaction and avoid Tang Kai suddenly becoming an observer, he made concessions.

A ship is not a house; it depreciates every year from the moment it leaves the factory.

Therefore.

In a crisis.

Houses are more resistant to inflation, but cars or mechanical equipment are not.

"That’s good."

Tang Qing smiled.

Matters like this.

He is always the first to know.

"Saved seven hundred million." Upon mentioning this, Tang Kai laughed happily; saving is earning. "According to the agreement with Sky Eye, ten percent of the final savings on the valuation is the fee."

"Seventy million, not a penny less."

"..."

Tang Qing was helpless.

This second uncle.

He is indeed dear, afraid he might receive a penny less. He specifically added this clause. Other commissions have it too, but they are around two percent, yet Tang Kai insisted on ten percent.

Well.

Since it’s taken, it’s taken.

After speaking.

Tang Kai joined in the pruning.

Gardening flowers.

Planting grass.

Pruning branches.

Feeding fish.

Tang Kai is also somewhat skilled, turning many mundane tasks into pleasures whenever time allows. As for that over seventy million, Tang Kai isn’t worried at all. It doesn’t come from his pocket; it comes from the loan.

Furthermore.

The shipyard application has also been approved.

---Approved.

It’s simply a double blessing.

"Tangtang, where do you think would be a suitable place to build the shipyard?" Tang Kai asked. This project isn’t urgent; he knows Sky Eye has been busy lately and hasn’t urged this project.

"The southern province."

After thinking for a moment.

Tang Qing expressed his thoughts.

"Why?"

Tang Kai asked. That place virtually has no heavy industry, let alone industrial support. His first thought was to choose one of the shipbuilding industry clusters, never considering this tourist province.

"The environment is nice."

"..."

This reason.

So willful.

Tang Qing continued: "Since the target isn’t giant ships, there’s no need to squeeze in, such as yachts, and even submersibles I mentioned to you, which are high-profit products and don’t require much concern about support."

To delve a bit deeper.

There’s also the aspect of face.

"Makes sense."

Tang Kai nodded.

No lack of money.

High profits.

So why bother about support? Do we lack that bit of freight cost?

Moments later.

"The southern province it is." Tang Kai decided. As for whether they will welcome it or not, he isn’t worried. He’s not starting a polluting enterprise but a shipbuilding one with no wastewater or exhaust, matching environmental protection standards.

In recent years.

The southern province has also seen much heavy industry settle.

No obstacles.

Even welcomed with drums and gongs.

"I can’t wait to see the yacht you designed launch." Tang Kai looked eager.

"Very soon."

Tang Qing smiled.

The shipyard.

Is relatively simple to build.

Mainly factory buildings and hoisting equipment, which can all be pre-ordered, made, transported, and installed. Especially small to medium-sized shipyards aren’t tasked with building ocean-going cargo ships hundreds of meters long.

If fast enough.

It could be operational by late next year, with products on the market by year-end.

On the sea.

Under the sea.

Their two major civilian product lines will be the main focus.

"I wonder how long this financial crisis will last."

"Three to five years, at least."

Tang Qing offered a conservative estimate.

"In the coming period, the United States will inevitably bail out its market, and all countries will resort to self-saving measures. For instance, with Huaxia, foreign trade will shrink, the three carriages will halt, and they’ll surely roll out a series of economic stimulus policies."

Tang Qing said while pruning a branch.

In the previous life.

The four trillion from Huaxia was announced in November, and it indeed triggered a new round of RMB expansion, the four trillion causing inflation but having a greater positive impact.

Four trillion.

According to the currency multiplier.

Would create nearly twenty trillion in liquidity.

Thus.

Of course, everything rises.

However.

It also revived a great number of enterprises, despite rising prices, everyone at least had food, otherwise, massive unemployment would have an enormous impact, and price hikes would be less daunting than millions going hungry.

Taking this opportunity.

Huaxia benefitted greatly.

Firstly.

It created jobs, ensuring hundreds of millions continue having food, albeit more expensive, but sustenance nonetheless.

Secondly.

It alleviated the pressure of RMB appreciation; previously, the United States often claimed the RMB was undervalued, clamoring for appreciation, and Huaxia gradually eased from 8 to about 7, as a response.

Now.

Massive overprinting.

Directly absorbed a significant portion of the appreciation pressure; previously, the US made a profit, now, with rampant four trillion issuance, the money lost its value, and calls for appreciation wouldn’t greatly impact Huaxia’s export industries.

Thirdly.

Opportunity for industrial restructuring.

From Made in Huaxia, to Created in Huaxia.

From relying on foreign trade, to domestic demand-driven.

From chasing GDP quantity, to striving for GDP quality.

Fourthly.

It gained numerous ’finished products’.

Highways.

Railways.

Airports.

And the spread of rural roads all benefited, so on the whole, it was a correct choice, and the only correct choice, laying the foundation for prosperity over the next decade.

Beginning this year.

The Asia Dollar will end its one-to-one exchange rate with the RMB.

Although.

Both sides are printing money.

Huaxia with four trillion, Myanmar with less than one trillion, but their objectives differ; the RMB primarily targets the domestic market, allowing domestic inflation, while the Asia Dollar targets the international payment market.

Domestic inflation will be strictly controlled.

Therefore.

Different directions lead to different strategies.