industrial overlord

Chapter 728 Sue Xi Sai
"China Hanhua Heavy Industry will sue US President Sisay in the United States! "

An explosive news released by Jiangnan Daily reporter Song Ying shocked the whole world and became one of the hottest topics in 2011.

Speaking of which, it is nothing new for the president of the United States to be prosecuted.In the United States, there are always some good-for-nothings who make up a clever name to file a lawsuit against the president, and their purpose is more just to attract attention.In the international arena, some civil rights activists or countries that have disagreements with the United States will sue the President of the United States in international courts. The purpose is also just to build momentum and to arouse people's attention to a certain event or a certain voice.

But this time Hanhua's lawsuit against Xisai is different.It is a Chinese company suing the US government, which is the first time in US history.In fact, there are very few cases of foreign companies suing the U.S. government in the United States, let alone Chinese companies that have always been known for their low-key style.

Global media immediately reposted the news from Jiangnan Daily, and countless reporters flocked to CFIUS and the Hanhua Group headquarters in Xunyang, China to learn more about the incident.Commentators went shirtless and exaggerated this incident. For example, commentators from the British Financial Times pointed out: This is a war in which emerging powers challenge old powers. The result of the war will be the collapse of the United States and the sudden rise of China.

The Ministry of Commerce of the People's Republic of China held a special press conference to answer reporters' questions about Hanhua's lawsuit against Xisai.The spokesperson of the Ministry of Commerce said: The Chinese government actively encourages Chinese enterprises to invest overseas and requires Chinese enterprises to abide by the relevant laws of the country where the investment is located.At the same time, the Chinese government also requires all governments to adopt non-discriminatory and non-discriminatory policies to treat Chinese-funded enterprises, and to stop all restrictive policies with a Cold War mentality.

"Mr. Spokesperson, may I ask, do you think the US government's ban on the shallow mountain wind power plant that Hanhua Heavy Industries indirectly invested in this time is discriminatory?" a reporter asked at the press conference.

The spokesperson said: "Yes, we believe this ban is discriminatory. In fact, we have studied all the wind farm sites currently under construction in the United States and found that at least 20 of them are adjacent to US military bases, but None of them received the same ban."

"If Hanhua loses the lawsuit this time, what measures will the Chinese government take?" the reporter continued to ask.

The spokesperson said: "We believe in the fairness of the US judiciary. However, if the US judiciary is subject to administrative interference and a judgment is clearly unfavorable to Chinese-funded enterprises, we will not rule out taking retaliatory measures against US investment in China."

As soon as this remark came out, the audience was in an uproar.In the impression of the reporters, Chinese government officials have always been accustomed to using diplomatic rhetoric, especially when it comes to conflicts between countries, they are always vague, saying half and leaving half.But this time, the spokesperson of the Ministry of Commerce didn't even make a tactful statement, and directly threatened to retaliate.

This is not scientific!Many reporters shouted in their hearts.But when they thought about it, they realized that this was the so-called passage of time.

In the past, China has always been a weak player on the international economic stage. China needs to import technology and equipment from abroad, and needs foreign countries to provide product markets. If the other party adopts trade protection measures, China's export-oriented economy will suffer serious setbacks.Under such circumstances, China's way of dealing with trade frictions can only be to swallow its anger and let others manipulate it.

Today, things are very different.After 30 years of development, China has accumulated a foreign exchange reserve of 3 trillion U.S. dollars. It is no longer the foreign exchange-short country that begged others to buy things in the past. Beginning in 2009, the subprime mortgage crisis in the United States escalated into a full-scale financial crisis, and spread to Japan and Europe, which had already been mired in the quagmire, making the economies of these two regions even worse.

At this time, China has become the only bright spot in the global economy, holding a large amount of foreign exchange.All countries are counting on borrowing some funds from China to keep their economies from collapsing.Even the United States, the world's most powerful country, is facing financial crises. If China announces that it will reduce its holdings of US treasury bonds, the US's finances may not be able to survive for a week.

Considering such a balance of power, it is completely understandable for China to dare to speak harsh words.Whether it wants to engage in a trade war or a financial war, how can the United States, which is in crisis, have the strength to compete with China?
When the Chinese Ministry of Commerce issued an ultimatum to the United States, Lin Zhenhua, Huang Gang, Chen Tian and others also arrived in the United States, joined He Lan, and prepared to confront the US government in court.

Hearing that Lin Zhenhua had come to the United States, Ford urgently made an appointment with him.The two did not choose to meet in Ford's office of the U.S. Department of Commerce, but found a secluded coffee shop, because some of the conversations between them were not suitable for communication on official occasions.

"Mr. Lin, you guys have made too much noise this time, and Sissey is a little bit stuck." Ford said to Lin Zhenhua straight to the point.The Minister of Commerce of the United States seemed to think that Cao Ying had his heart in Han. He didn't intend to betray the country, but he just had some disdain for Sisai's policies.

Lin Zhenhua said: "I can't help it. This is what Xi Sai forced me to do. He bullied us. If we don't fight back, he won't show his face anymore?"

"Put your face on your nose..." Ford said this Chinese proverb in English, and couldn't help laughing, "Lin, you must know that Xi Sai is a bit idealistic. Regarding the shallow mountain wind farm, I He was given some advice from the Department of Commerce’s position, asking him to veto the CFIUS ban. But he was kidnapped by someone from the Department of Energy and finally made the opposite decision.”

Lin Zhenhua said: "Sisai and your Ministry of Energy believe that the US wind turbine industry can be saved through such a method. This is a very naive idea. The crux of the US wind turbine industry does not lie in China's competition, but in their own slackness. We have invested hundreds of billions of dollars in the research and development of wind power technology. At present, the motors, gearboxes, blades and other components we produce have reached the highest level in the world, while your wind turbine manufacturers are lying on the past technology Live on your laurels.

In the past two years, half of the technical patents in the field of wind turbines were applied by Chinese companies, and American companies accounted for less than 20%.Your production costs are already much higher than those in China, and now you can't even maintain your technological advantages. Can trade protection solve the problem? "

Ford nodded again and again: "That's true, by the way, Lin, do you have more detailed information about the situation you mentioned? If you can provide me with these detailed information, I may be able to say more in front of Sisai .”

Lin Zhenhua chuckled, took out a stack of documents from his briefcase and handed them to Ford, and said, "I've prepared them for you. We also plan to provide these documents to the mainstream media in the United States, so that the media can expose the facts of American wind turbine companies. Boss, I think that way, the American public won’t support the CFIUS ban.”

"Those fan tycoons will hate you to death." Ford said with a smile. Obviously, he quite agrees with Lin Zhenhua's idea.

After talking about these things, Ford turned the topic to the issue he was most concerned about. He asked: "By the way, Lin, I would like to ask you again. I want to know whether this speech really represents the intention of the Chinese government?"

"Of course, the government spokesperson's speech certainly represents the government's intentions." Lin Zhenhua replied deliberately. Of course he knew what Ford wanted to ask, but he must keep it secret.

"That's not what I mean." Ford rubbed his hands, not knowing how to express it. "I mean, is the Chinese government really ready to retaliate against the United States in trade? Therefore, the matter of the Qianshan Wind Farm is, after all, just a A small matter involving only tens of millions of dollars, will the Chinese government launch a government-level retaliation for this small matter of tens of millions of dollars?"

Lin Zhenhua said: "Ford, you are wrong. There is a saying in China that you can see the whole leopard from one spot. The US government's ban on the shallow mountain wind farm actually represents the US government's attitude towards all Chinese investment in the United States. Previously, the US government For the same reason, we have also rejected the acquisition of Chinese oil companies in the United States, as well as the acquisition of Chinese electronics companies in the United States. This time, if we still take a concession attitude, there will only be more and more similar things in the future of."

"Oh..." Ford took a breath like a toothache, and then asked, "If you take trade retaliation, which fields will you choose?"

It seems inappropriate for Ford to raise this question, because if the Chinese Ministry of Commerce wants to take any retaliatory measures, it is a state secret. How could it be possible to disclose it to officials of the US Ministry of Commerce in advance?But in fact, before this kind of thing happens, both parties often need to communicate, either in a formal way or in a private way.

Trade retaliation belongs to nuclear weapons in the economic field.The power of nuclear weapons lies not in their use, but in their existence.When it comes to the use of nuclear weapons, the two sides have no room for maneuver, and then it will be a result of mutual losses.

In view of this, the threat of trade retaliation among countries is more of a sand table deduction. The two sides each show their cards and then calculate the gains and losses of the two sides in the struggle.Once one of the parties decides that it cannot afford such a loss, it will choose to make concessions to avoid a trade war.

Ford's meeting with Lin Zhenhua this time meant that he wanted to know the Chinese government's cards. He would use these cards to report to Xi Sai and persuade Xi Sai to back down.

Lin Zhenhua also understood this point. In fact, among the people who came to the United States this time, there were officials from the Ministry of Commerce. He already knew very clearly about China's hole cards.

"First of all, this incident made us doubt the credibility of the US government, and this concern will have a direct impact on my country's foreign exchange reserve strategy." Lin Zhenhua said leisurely.

"Heh, I think Gaynor's going to go crazy when he hears that," said Ford gloating.

Lin Zhenhua's meaning is very clear. China's first retaliatory measure is to reduce its holdings of US treasury bonds, and US Treasury Secretary Gaynor plans to go to China to sell more treasury bonds.If China refuses to buy more U.S. Treasury bonds, Gaynor may not even be able to guarantee the salary of the White House staff.

"Second point, China has long imported a large amount of food products from the United States, including soybeans, corn and wheat. If we are worried that the United States is hostile to China, we will consider reducing the amount of food from the United States because of food security concerns. Food imports from the United States. Brazil has been trying to persuade the Chinese government to import more Brazilian soybeans, and I think it is time to consider agreeing to the request of the Brazilian government.” Lin Zhenhua continued.

"Sell cakes!" Ford shouted, "Lin, you are killing our Ministry of Commerce! If the members of the Agricultural Association know that trade frictions have led to a decrease in grain exports to China, they will use tractors to drive them away. The door of the Ministry of Commerce is blocked."

"You should suggest that they block the door of the White House." Lin Zhenhua said with a smile.

"They have plenty of tractors," replied Ford.

Lin Zhenhua asked half-jokingly and half-seriously: "Do you suggest that I go and talk to Mr. Radka of the Agricultural Association now and ask him to deliver the tractors in California to Washington?"

Ford said with a wicked smile: "I don't think there is any need to waste these shipping costs. As long as Radka sends photos of the tractors in their hands to Sisay's mailbox, our naive Mr. President will know what he should do. What did you do?"

"I'll do it right away." Lin Zhenhua replied.

Ford's hint was very clear. He hoped that Lin Zhenhua would encourage the Agricultural Association to put pressure on Sisai, so that he, the Minister of Commerce, would have no pressure.Why should he, the Minister of Commerce, wipe his ass when the wind turbine manufacturer himself provoked it?You have the ability to lobby outside the hospital, don't the Agricultural Association not have it?In the entire United States, there are really few politicians who dare to oppose the agricultural association.

Lin Zhenhua and Ford chatted more and more harmoniously, and unknowingly dug a huge hole for Sisai, waiting for Sisai to fall.At the end of the chat, the two were all smiling, not at all like the two parties in a lawsuit.

"By the way, Ford, there is one more thing I want to ask you to inquire about." Lin Zhenhua said.

"What? I hope it's a pleasant thing to do," Ford said.

Lin Zhenhua said: "It is indeed a pleasant thing. I want to do a product advertisement in New York. Can you help me?"

"It's absolutely fine." Ford patted his chest loudly, "What product do you want to show? Is it a machine tool or a car? I don't think you can bring the oil refining equipment here to show it?"

Lin Zhenhua said: "It's a helium turbine. As you know, we are the only company in the world that can manufacture helium turbines."

"Yes, yes, this is indeed an amazing product." Ford said, "Where are you going to show it? Do you want me to rent a venue for you, or find an open-air venue?"

"We intend to show the American public the application of helium turbines in ships, so we plan to drive a ship equipped with helium turbines to New York Harbor for everyone to visit." Lin Zhenhua said.

"Isn't this a bit of a big deal?" Ford said puzzledly. After finishing speaking, he suddenly recalled, "What? You said a ship equipped with helium turbines!"

"Yes." Lin Zhenhua said with a smile, "Currently, there is only one ship in the world equipped with helium turbines, and that is the 10-ton nuclear-powered aircraft carrier newly commissioned by the Chinese Navy. We plan to let it visit New York at the right time." port."

(End of this chapter)