Chen Qiaoshan is not interested in Goldman Sachs' internship opportunities, but Yan Xiaoqin is very concerned about it.

"So, can you go to Goldman Sachs for an internship during the summer vacation?" Chen Qiaoshan mentioned casually while having lunch at the cafeteria, and Yan Xiaoqin immediately asked about the details.

"It's a matter of no shadow, and I still have to interview it. I don't know if I can be selected."

"You will definitely be able to choose." Yan Xiaoqin was full of confidence in him. After a while, she asked again: "I have read the notification from Goldman Sachs interns. Isn't it only recruiting sophomore students? How can I notify you to go for an interview?"

"I don't know the specifics, it should be Paulson's reason." Chen Qiaoshan expressed his guess.

"Isn't he the president of Goldman Sachs? He recommends it himself and has to have an interview?"

Chen Qiaoshan explained: "This is a difference in company culture. To put it simply, Paulson has the right to recommend it, but whether to accept it or not is within his function."

Yan Xiaoqin didn't ask anything else. After thinking about it, she put down the chopsticks in her hand, took out a note from the bag on the side and handed it over.

Chen Qiaoshan took it and asked, "What is this?"

"Course notes, economics and probability theory, I'll take note of the key points for you."

"Have you gone to Guanghua's finance class?"

Yan Xiaoqin glanced at him without saying a word. Chen Qiaoshan felt a little moved, but said, "Don't go in the future. I'll just borrow my classmates' notes and read them. You have a lot of professional courses."

"You'd better spend more time reviewing. Goldman Sachs' internship is rare."

Chen Qiaoshan didn't say anything else. He flipped through it casually. Yan Xiaoqin was very careful and had very detailed notes. Suddenly, he pointed to one of the contents and asked, "What is this?"

Yan Xiaoqin glanced at him and explained: "This is an economics homework. Professor Wang said in class that the government is negotiating with Americans. The domestic plan to impose a quantitative tax on textile exports, and we have to analyze the pros and cons."

Chen Qiaoshan nodded. This is normal. The Sino-US trade dispute has not stopped.

The so-called quantity tax means that the goods are taxed in units of measurement regardless of their quality or inferiority. For example, quality or volume is not distinguished from the quality and price differences of goods, and the tax adjustment mechanism is lost.

Fundamentally speaking, quantity tax is beneficial to developed countries because it increases the cost of cheap products. The higher the added value of the product, the less affected it will be, which requires exporters to improve product quality in disguise.

Is the truth really that simple? Not necessarily.

This involves industrial economics, which is very troublesome to explain, but it is easy to understand when it comes to international trade disputes.

The price is too low, and the United States sues you for predatory pricing, and the price is too high. You are monopoly and monopolistic. The price is the same as that of American companies. They can also sue you for price conspiracy. In short, for the sake of profit, the US government can do anything.

According to the provisions of the WTO Agreement, from January 1 next year, China's textile garment exports will be lifted, which is undoubtedly a major benefit. However, Americans will not submit easily and have been putting pressure on China to restrict textile exports, which has led to the theory of levying quantity tax.

Any policy that restricts international trade is contrary to the WTO Agreement, but for the US government, international conventions are basically equivalent to chamber pots. They are used when needed, and kick them aside if they don’t need them.

Chen Qiaoshan was engaged in foreign trade in his previous life. He knew the ending of the matter. As a veteran, he felt that he had an obligation to do something.

It is not so easy to uncover the lid. The personal influence between countries can be basically negligible. Chen Qiaoshan thought about it for a long time and finally found a solution that was not a solution.

All the website matters were thrown to Wang Sifeng, and Chen Qiaoshan once again fucked the library.

Although the theory of quantity and tax is very simple, those who study economics will basically be exposed to it at the beginning of their freshman year, the simpler the theory, the more complicated the involvement behind it. Chen Qiaoshan doesn't want to make a joke.

On February 25, Sohu Finance published a news report, "Can the levy tax be used to improve the quality of corporate textiles?" The article was signed by Chen Qiaoshan.

Compared to the last time, this time the post was much simpler, with basically no twists and turns. Chen Qiaoshan simply contacted Jia Yinan, sent the manuscript, and it was on the financial page the next day.

Like last time, this article was basically ignored. Ordinary people didn't know what export tax was, so naturally no one cared about Chen Qiaoshan's theory. He was not in a hurry. The bait was thrown down, and it was not up to him to decide whether he could catch fish.

According to the general understanding, the implementation of undifferentiated taxation from quantity taxation has reduced the profit margin of goods in disguise.

For low-value-added products, enterprises can only increase the selling price to spread the cost. However, at the same price, quality becomes the main competitive factor. Therefore, the quantity tax has the effect of curbing export growth and improving product quality.

Chen Qiaoshan directly gave a negative opinion. He believed that quantity tax will not prompt textile companies to improve product quality, but will instead expand exports.

Isn’t this a joke to question the economic theory that is generally recognized by the academic community?

Not long after, this article attracted the attention of economic people. After reading it, most people sneered. The key is that there is no tangible evidence in his theory, and no one is even willing to stand up and refute him. It is too much of a loss when he is calculating with a student.

The matter spread quickly, but there was nothing good to say. The reply to refute Professor Li Daokui's good reputation directly made Chen Qiaoshan defeated him. He waited patiently for two days without any movement. He hesitated. I was quite stocked with bait, so why didn't anyone bite the hook?

It didn't take long for Chen Qiaoshan to understand the reason. He was too light, so Associate Professor Wang Zhicheng also came to him.

"Did I teach economics?" As soon as we met, Professor Wang said this.

Chen Qiaoshan was a little confused and asked, "Professor Wang, I am your student, so you naturally teach economics."

"Then you learned this theory from me?" Professor Wang was obviously a little angry.

Chen Qiaoshan understood that he didn't catch the fish, so he got involved with this person, but he still insisted on his own point of view, "Professor Wang, I stick to this theory."

"You are obviously a fallacy. From the fact that quantity and tax belong to a cost constraint mechanism, if the cost rises, the profit margin will naturally drop. Do you still need to repeat this? High school students understand the truth." Professor Wang was obviously angry and said very rudely.

Chen Qiaoshan couldn't help laughing when he heard this, "Professor Wang, are there any constraints in all economic theories?"

Wang Zhicheng stared at him, his eyes hesitant, he was a little unsure of what the student was thinking, "It's good to have constraints, but does it have anything to do with the current problem?"

Chen Qiaoshan asked leisurely: "Professor Wang, what is the purpose of collecting taxes this time?"

"Encourage enterprises to increase the added value of textile exports while reducing export share."

This is no secret. The requirement of imposing a quantity tax is the Americans. The government is vague. Although it has not made a clear statement, Wang Zhicheng must have solicited the opinions of experts and has reached a consensus conclusion.

"Professor Wang, if I were a business owner, I would definitely not improve the quality of the product."

"Why?"

"Do you think the European and American markets are free markets?"

This question is very sharp. Wang Zhicheng glanced at Chen Qiaoshan with complicated eyes, "This is a trade compromise."

After joining WTO, China's exports to the United States increased explosively, resulting in a surge in the US deficit with China. The United States regularly put pressure on it. China made almost all concessions, reducing tariffs, reducing subsidies, reducing the share of state-owned enterprises, and eliminating investment barriers. This is the so-called trade compromise.
Chapter completed!