Chapter 601: Repairing the Slave

On the 23rd, Sun Jingxiang, Jiang Daier, Xu Wei and his group ended in Taiwan. The Malaysian album promotion returned to Hong Kong. They were going to Haizhou to shoot commercials for Ida's first digital mobile phone product. Xu Si also followed them back to Haizhou to stay for a few days this time.

From the 25th, the typhoon front swept across Hong Kong. In those days, there were heavy rainstorms in Hong Kong, as if the whole city was soaked in rain. The sultry heat of Hong Kong in summer was swept away, and the air was filled with the smell of the ocean.

These days, the winds and storms are surging and the rainstorms are endless. I can no longer go to the beach to learn surfing, so Zhang Ke could only lock himself in a narrow room to do some business.

Most of the flights at Kai Tak Airport were closed in those days. Wang Weijun first took a plane to Guangzhou and transferred from Guangzhou to Hong Kong.

Guo Songyan, the original initiator of the fab investment plan, also flew to Hong Kong on the same day.

As Malaysia's second largest Chinese group, Guo Yunyuan Group went to the mainland to invest in the early 1990s, and invested in and built an oil and grease company in Jianye in 1995; Guo Songyan was very familiar with the increasingly developed market environment in the mainland.

Affected by the financial crisis, the assets of the Guo family have dropped sharply from US$4.1 billion to less than US$3 billion, and the financial crisis will continue to spread further.

Guo Songyan initially planned to spend $300 million to support building a wafer factory in Kuala Lumpur. Although he did not completely give up the plan, his personal investment scale had dropped to $60 million. He must ensure that the Guo family business can successfully overcome this sudden financial crisis. Everyone knows that the financial crisis is just the beginning, and no one knows how long the economic recession caused by the financial crisis will last.

Liu Zhicheng also knew in his heart that the economic situation had further deteriorated, and it was no longer realistic to continue to insist on building the wafer fab into Malaysia.

The Jianye Municipal Government also showed considerable sincerity. Wang Weijun rushed over this time to invite Guo Songyan and Liu Zhicheng to Jianye to inspect the investment environment. In order to avoid arousing the vigilance of TSMC and the Taiwan authorities, the invitation and reception was not directly in the name of the Jianye Municipal Government, but Chen Xinsheng officially faxed the invitation letter to the headquarters of TSMC in the name of Ida Group.

The encounter between Chen Xinsheng and Liu Zhicheng in Hong Kong seems to have become a coincidence.

In the past two years, Ida Group has rapidly risen to become a leading company in the mainland disc machine industry. Now it holds one of the first four mobile phone production licenses in the mainland. Although the other three companies, Lianxin, Lianxun, and Dongxing have quickly launched their own products after obtaining mobile phone production licenses, Ida is still preparing for the production stage. No one knows when Ida will launch its first mobile phone product, but Ida has become an electronics company that any overseas manufacturer cannot ignore if it wants to expand the mainland market.

The Liaison Office of the Central Committee of the Communist Party of China naturally actively encouraged Guo Songyan and Liu Zhicheng to go to Jianye for inspection. Before the 26th, all entry procedures were completed for them. Wang Wei stayed in Hong Kong for one day. On the 28th, accompanied by Sun Shangyi, Chen Xinsheng and others, Guo Songyan and Liu Zhicheng turned to Guangzhou to take back Jianye.

Zhang Ke and Du Fei also traveled back to Jianye with him.

On the night of the 28th, Luo Jun, Secretary of the Jianye Municipal Party Committee, and Xiao Mingjian, Mayor, attended the reception for Guo Songyan and Liu Zhicheng at the Jianye Hotel.

After the reception, Zhang Ke accompanied Luo Jun to meet Li Yuanhu.

I haven't arrived in Xinmeiyuan for a long time. Xu Xuepingyuan's residence in Xinmeiyuan was dark and no one moved in yet. No matter what, Xu Xueping could not return to the East China Sea, except for completely retreating and settled in the East China Sea.

Luo Jun followed Zhang Ke's gaze and glanced at the villa that gave the dim street lights but did not light up inside. He had just been transferred to Jianye to serve as the secretary of the municipal party committee, and Xu Xueping was transferred out of the East China Sea. He had little contact with Xu Xueping, but he knew that Xu Xueping was an official with a distinct personality, and his personality seemed a little out of place with the surrounding environment.

The car stopped in front of Li Yuanhu's house, and Gao Zhen came out to open the door. Zhang Ke naturally had no good feelings for Li Yuanhu, the secretary who had close contact with the Xie family, but just greeted Luo Jun calmly; Li Yuanhu stood in the living room downstairs to welcome the arrival of Zhang Ke and Luo Jun.

This was the first time Zhang Ke entered Li Yuanhu's residence in Xinmeiyuan. After all, it was the province invested in the late 1980s to build a residential area for senior officials. The architectural style was still old-fashioned, so it would not look too luxurious. Instead, Li Yuanhu's study where he worked at home was more elegant and unique.

When he walked into Li Yuanhu's study, Luo Jun was not particularly polite. He narrowed his eyes slightly and had to wait for Gao Zhen to go out before he was willing to speak. Zhang Ke naturally kept his voice down and refused to speak. It was obvious that Luo Jun didn't like Li Yuanhu's secretary either.

The economic jurisdiction of Jianye City is not in the province, and Luo Jun doesn't even buy Li Yuanhu's account, so naturally there is no need to pretend to be a color to Li Yuanhu's secretary.

After Gao Zhen walked out of the study, Zhang Ke reported the whole story to Li Yuanhu and said, "...The country has been preparing to build a wafer factory, but without a group of high-level engineering and technical personnel, the wafer factory cannot be built. Although there are still many difficulties in reality, the difficulties in introducing engineering and technical personnel have been actually solved. It should be said that it is a rare opportunity in recent years..."

The introduction of the project will be specifically carried out by the Jianye Municipal Party Committee and Municipal Government, but the province still needs to cooperate and support.

Both provincial and municipal governments have successively proposed new strategies to develop high-tech industries, and there is no possibility of striving for this project.

Investing in building a wafer factory may not be of special importance worldwide, but it is of extraordinary significance to Jianye City, especially to Jianye City's digital corridor concept. With the cooperation of the Oak Garden plan in Jinhu, Jianye City's electronics industry can be unique in China...

Saying Luo Jun, Zhang Ke, and Li Yuanhu stood in the study and looked at the villa with no lights in front of him, recalling the various measures his predecessor took during his two years in office in Donghai Province.

In early July, Thailand was the first to break out in financial crisis. The central government asked all provinces and cities to audit and investigate the financial status of state-owned investment companies at the provincial and municipal levels. This is probably the first time that Ye Zhenmin's view on the Asian economic trend in the Ministry of Foreign Trade and Economic Affairs has gained the upper hand in the central government, and it should also include Ye Zhenmin serving as the deputy director of the Liaison Office of the Central Committee of the Communist Party of China in Hong Kong.

In addition to the direct impact of foreign trade enterprises by the financial crisis, provincial and municipal trust companies at both levels that have always undertaken the heavy responsibility of local governments to provide foreign financing have become a major hidden danger in China that may be affected by the financial crisis.

If you don’t check it, you will be shocked. The scale of short-term US dollar foreign debt in Asia alone has reached as much as 3 billion US dollars. The central government immediately ordered the Guangdong Provincial Government to take immediate measures, and then sent a working group to the provincial state-owned investment companies in various coastal open provinces and cities to check the accounts.

The problem is very serious. National Investment Corporations in various provinces use the convenient conditions provided by the government to borrow externally and lend money internally, and their management is quite chaotic. It is expected that the scale of bad debts accumulated by the National Investment Group in the southeast coastal provinces and cities may reach nearly 10 billion US dollars.

Of course, when Xu Xueping was in charge of the East China Sea, he also used the Provincial Guotou Group to invest heavily in foreign debt. The amount of one-time debt borrowing at the end of last year alone was as high as 2 billion US dollars, but most of them were long-term Japanese yen policy loans and would not be affected by the financial crisis in the short term. Not only would it not be affected, but it would also make a lot of profits from the depreciation of the Japanese yen.

In addition, Xu Shuai cleaned up and rectified international trust investment companies at all levels in Donghai Province since mid-last year. The financial status of Donghai Guotou Group, which is focusing on rectifying, has been greatly improved in one year. In this inspection, it is the best operating status of Guotou Group in various provinces and cities along the southeast coast.

It is said that Xu Xueping will be completely silent after being transferred from the East China Sea. Li Yuanhu looked at the hedge outside the window and smiled faintly. He could also see the shadow of his faint smile reflected on the window glass. He thought to himself: I am afraid Xu Xueping may not be silent.

Zhang Ke received a call from Xu Xueping in Luo Jun's car. It was not convenient to explain in detail, so he hung up the phone after chatting for a few words.

After sending Luo Jun back to his residence, Zhang Ke quickly called Xu Xueping when he returned to the car: "Uncle Xu, what's the important thing?"

"The working group sent by the Audit Bureau to Guangdong returned to Beijing today to report to Vice Premier Zhao Jidong. Vice Premier Zhao asked me to talk to him in the evening. The situation in Guangguotou is not optimistic..." Xu Xueping's voice was heavier. He could judge how serious the situation was from his voice.

In another period of history that happened, Guangguotou has attracted widespread attention as the largest bankruptcy case in history in China and the worst. During the spread of the Asian financial crisis, Guangguotou also unscrupulously launched short-term US dollar foreign debt in Southeast Asia, and uncontrollable domestic debts and unprincipled debts. Guangguotou went bankrupt and was seriously insolvent, and the Guangdong Provincial Government suffered huge losses of 30 to 40 billion yuan.

With the memories of later generations, Zhang Ke is very clear about the situation of Guangguotou. To stop Guangguotou's seemingly crazy debt-raising behavior one day in advance can reduce the losses of over 100 million yuan to local governments. The State Council's intervention at this time is better than being able to delay it after a year.

"Manpower is sometimes poor, it's not too late to fix the dead," Zhang Ke smiled faintly and said, "I only care whether Uncle Xu, will come out to do some practical work this time..."
Chapter completed!