Rebirth 1984: Starting from the development of Hanka

Chapter 273: Bearish on Southeast Asian Economy

More than a month later, Galaxy Agricultural Company is almost on track. As for when the research and development results will be released, it depends on luck.

Zhao Yeye couldn't always focus on Galaxy Agriculture Company. With Zhou Yue as CEO helping to manage the company, Zhao Ye felt relieved.

Next year will be 1997, and the Asian financial crisis will soon break out.

Zhao Ye is currently busy disposing of Asia's industries.

At the same time, we must start to quietly make plans and take advantage of the financial crisis to make a fortune.

Soros has quietly begun to make plans at this moment. Around the time the Federal Reserve raises interest rates in March next year, Soros will join forces with hedge funds to launch an attack on Southeast Asian financial markets.Starting in Thailand, a financial crisis swept across Southeast Asia and further evolved into the Asian financial crisis.

As early as the beginning of 1996, Wujiang Group had been gradually selling off some of its Asian properties and cashing out a large amount of funds. There was an endless stream of takeovers from all walks of life, scrambling for it, without even realizing that the crisis was coming.

This Asian financial crisis will definitely be more serious than in the previous life. Many well-known companies in the previous life may find it difficult to survive.

However, this happens to be an opportunity for Wujiang Group.

At that time, Wujiang Group can appear as a savior and acquire their businesses.

The Internet, retail, automobile, telecommunications, energy, real estate, tourism, food and other industries in Southeast Asia are all valued by Zhao Ye.

Winning these industries will provide unimaginable help to the internationalization of the RMB.

Trade, tourism consumption, etc. between China and Southeast Asian countries can all be settled in RMB.

Country M likes to frantically print U.S. dollars to cut leeks all over the world. Who is not afraid?
Especially during the Asian financial crisis, many countries have experienced economic crises because of the US dollar's foreign exchange problems. If the foreign exchange reserves contained RMB, perhaps the economic crisis would not have broken out.

Everyone knows that eggs cannot be put in one basket.

Therefore, the Asian financial crisis in 1997 was conducive to the internationalization of the RMB in Southeast Asia to a certain extent.

In previous lives, due to China's relatively low economic scale and poor technological level, it was difficult for the RMB to be recognized by Southeast Asian countries.

But this life is different. China's GDP is only slightly less than that of Country M, and China's technological products are very advanced.Southeast Asian countries can purchase machinery and equipment, electronic and electrical products, and more various light industrial products directly from China.

The tropical climate and suitable soil conditions in Southeast Asian countries enable them to produce various tropical crops, such as rice, coconuts, palm oil, coffee, fruits and other agricultural products that China needs.

Of course, Southeast Asia also has oil and other minerals, which can also be exported to China.

Then earn RMB and buy Chinese goods to achieve a win-win situation.

……

"Mr. Zhao, we have sold a large number of non-core industries. Up to now, we have cashed out 285 billion US dollars. Southeast Asian countries have developed very fast in the past ten years, and many people have fallen into this false prosperity. Therefore, The process of our cashing out was relatively smooth. However, some people were alerted, and not everyone was hotheaded." Qing Qianshuang, the financial director of Wujiang Group, said while handing the documents to Zhao Ye.

Zhao Ye took the document and placed it on the table without looking through it immediately.

"Well, I understand, but we must speed up the cash-out of assets. Time is already very tight!"

"Okay, Director Zhao!"

Zhao Ye pondered for a while, and then ordered: "Then, collect information on Southeast Asian farms, plantations, seed companies, grain and oil companies, and large food processing plants. Once the Asian financial crisis breaks out, these industries will inevitably be greatly affected. , then let Galaxy Agricultural Company come forward to acquire these industries!"

China will still import a large amount of food in 2023, let alone China in the 90s.Instead of purchasing food from foreign companies, Galaxy Agriculture Company could grow its own food abroad and then transport the food back to China.

In fact, despite China's large area, its cultivated land area is small, accounting for only 12.68%, which is about 20 billion acres. There are more grasslands, construction land, deserts, rocky mountains, permanent glaciers, and land that is difficult to use.

Moreover, with the development of our country's economy, cultivated land is occupied to build the country, to occupy rural homesteads, and to build development zones. The area of ​​cultivated land in our country has been reduced by almost 1.13 million acres every ten years.

Although the country of India is smaller than China, it has much more cultivated land than China. Moreover, India is located in the South Asian subcontinent and is blessed with fertile soil.

This is really enviable. Unless China can turn desert waste into treasure and grow food, it will no longer need to import food from abroad.

Therefore, Zhao Ye had no choice but to let Galaxy Agriculture Company acquire more farms or plantations abroad and produce food on its own.

Southeast Asia is located in the tropics, and many crops are harvested three times a year. However, the local agricultural technology is relatively backward and the food output is relatively low. But even so, they can export a large amount of food.

Southeast Asia can completely become China's granary, and China does not have to look at the face of country M to buy soybeans, corn and other crops from country M.

In addition, Southeast Asian countries are close to China. With China's great rejuvenation, the deterrence will become stronger and stronger, and Galaxy Agricultural Company's industries in Southeast Asian countries can be protected.

Therefore, Zhao Ye is more inclined to buy farms and plantations in Southeast Asian countries.

If you buy a farm in country M, the government of country M only needs a simple ban, and no matter how much food you grow, you will not be able to transport it out.

Qing Qianshuang, the group's financial director, was very clear about Zhao Ye's strategic layout. She nodded to express her understanding.

Yinhe Agricultural Company received great support from Zhao Ye at the beginning of its establishment. This company will definitely become one of the core industries of the group in the future.

"Boss, if there's nothing else, I'll take my leave." Qing Qianshuang said at this time, preparing to leave.

"Well, go ahead and do your work." Zhao Ye nodded towards her.

……

As time went by, as many properties of the Wujiang Group were sold, the fire could not be contained, which naturally caused a huge shock in Southeast Asia.

Major media outlets in Southeast Asia rushed to report on it.

On the morning of December 1996, 12, an article titled "Wujiang Group is cashing out like crazy, is it negative for Southeast Asia's economy?" "The article was forwarded among major media outlets in Southeast Asia, causing an uproar.

Immediately afterwards, countless economic experts or scholars conducted heated discussions.

Many reporters at home and abroad came to Wujiang Group and blocked the building below the company, wanting to ask Zhao Ye why he wanted to sell Wujiang Group's properties in Southeast Asia.

Zhao Ye stood in front of the floor-to-ceiling window of the office and looked at the countless reporters below the building, suddenly smiling bitterly.

"This is good, the Asian financial crisis may break out early."

"Soros and Quantum Fund will never sit back and let Southeast Asian countries have enough time to prepare."

"However, Wujiang Group's negative outlook on Southeast Asia's economy may be even more serious..."

"I'd better say nothing..."

(End of this chapter)