Although European and American countries collectively sanction China, they have been making small moves, so that foreign trade activities have almost stopped, countries outside Europe and the United States still have normal trade, but the trade volume has dropped by a large margin.

In view of this situation, if the country lets it go, there will be cruel competition among domestic companies.

Because China has a large excess of industrial manufacturing power, the country cannot digest so many industrial products.

Wang Yong proposed to take the lead in the General Administration of Industry and Commerce and join hands with the foreign trade management department to carry out a Chinese famous brand product certification activity.

Only products that have won the title of national famous brand products can be qualified to obtain foreign trade exports. This step alone can stop most export companies.

Yes, Wang Yong’s idea is to take the opportunity to adjust the export structure. The country does not care about how much you sell it, but the quality of your product must not be bad, otherwise you will not be able to obtain foreign trade export rights.

Over time, the bad impression of Chinese products being inferior and cheap will be greatly improved.

Of course it would be difficult to do it before, but after Dolphin Technology provided a large number of ultra-precision machine tools to domestic companies, the precision processing level of domestic companies has been greatly improved. Now the quality of domestic products is no longer comparable.

This requires domestic products to be perfect in order to get the title of famous brand products. In addition to precision craftsmanship, basic materials and appearance design, your products must be better than those of the same level.

Therefore, this famous brand product has a very high value content. Only a limited number of each product can win this honor, and other products can only become provincial and provincial excellent departments.

This is a powerful assistance to industrial upgrading. Major enterprises must work hard to obtain export qualifications.

Reform is bound to suffer pain, and a considerable number of enterprises have been eliminated because they cannot adapt to cruel competition.

Everyone who stays behind is in danger, because the domestic market is only so big, and the strategy of winning by marketing alone is completely unfeasible. The key is to be strong in quality.

After this meeting, the country went through several discussions and widely solicited opinions from all parties. It soon became a resolution and implemented nationwide.

The first thing that is not suitable is foreign companies. They were told that they could not use US dollars to conduct bulk procurement in China, and they could only use RMB.

Where is the RMB? Countries do not have any reserves of RMB at all. Where do you ask them to exchange it?

The State Administration of Foreign Exchange does not completely refuse to exchange, but only accepts a small amount of exchange requests for personal travel and study, and implements the 2:1 exchange rule.

There are also foreign-invested enterprises and foreign-invested brands that are strictly prohibited from selling in China, which has caused a strong rebound from foreign-invested enterprises.

But this time the government was determined to implement it. Government officials only told the other party coldly that the domestic limited market should be used to provide domestic companies with survival. If you want to blame, European and American countries can only blame the mistakes first.

For a moment, China seemed to have returned to the Cold War era of the United States and the Soviet Union, and foreign trade activities were almost stopped.

Immediately afterwards, the diplomatic department conducted emergency consultations with countries outside Europe and the United States to implement foreign trade rules for local currency swaps.

Everyone trades fairly. You can exchange as much RMB as you want. In the future, in China, you will use RMB to settle in a unified manner and will no longer be denominated in US dollars.

China does not really need the currencies of those countries. What China needs is oil, natural gas, minerals and other resources. If you don’t buy the money, you will purchase the basic materials that China needs after replacing it.

In other words, from now on, China has only accepted the rules of bartering, as if it has regressed to the planned economy era.

The most hurtful thing is the United States. The era when Americans used to buy and buy with just the dollar, which was no longer possible in China.

The most affected are European and American journalists and intelligence personnel, because their foreign exchange cash application is difficult to pass, and they do not have RMB and cannot enter the country.

In other words, if Europeans and Americans want to come to China in the future, they will not be able to obtain a visa, but they will still have RMB.

For a while, Luoyang paper was expensive and RMB was hard to find, but at the same time, European and American countries also launched widespread publicity to vilify China.

Look! China has returned to the planned economy and is no longer a member of a democratic country. People should not go to China again in the future, otherwise it will be difficult to guarantee personal safety.

But China was unmoved and still implemented it firmly. The official only responded to European and American journalists: Trade is equal, and it is impossible for one party to open up or the other party to restrict it. Chinese companies have the right to survive.

Of course, things are far from that easy. The biggest trouble is domestic foreign-funded enterprises and joint ventures, such as several major domestic joint venture automobile companies.

If this problem is not solved, there will be a big mess.

You cannot just take matters through the next executive order and solve the problem. For this reason, the Chinese government promises to still welcome foreign companies to invest in China.

Due to the cancellation of the sales rights of foreign-invested enterprises and joint ventures in China, the shares held by China can be withdrawn and are completely solely owned by foreign investors.

The second solution is that the Chinese government accepts the shares of the other half of foreign investors, and foreign investors can completely withdraw from China and let everyone get together and part.

This is a question of choosing one of two. In fact, the choices made by foreign investors are half to half.

Some foreign investors chose to have completely sole proprietorship, while some foreign investors chose to withdraw from China.

For example, Volkswagen, Germany, chose to withdraw completely. The reason why they jointly invested with China was because they were attracted by China's huge market and would not sell it anymore, so there was nothing to leave for memorial.

After all, Volkswagen Germany has factories in many countries around the world, so they do not need Chinese factories for export.

In fact, all joint venture automobile companies have withdrawn from China, and from then on, all domestic automobile companies will be produced in China. There is no more Shanghai Volkswagen, FAW Audi, or something, just FAW and SAIC.

Those companies that choose completely sole proprietorship have previously been mainly exported, or even exported in all their products, so this decision by the Chinese government is actually beneficial to them.

The Chinese government does not completely ban foreign capital from entering, but simply no longer opens the market to foreign capital. It is simple and clear. In the future, China will only have two types of enterprises, Chinese and foreign capital, and it will be clear and clear.

For Taiwanese investment, the Chinese government also prohibits sales and business at home, with the excuse that it is one-size-fits-all and does not apply two sets of standards.

Foreign economic and trade policies are relatively simple because the Chinese government is completely in charge and says one thing, and Europe and the United States have no bargaining power.

Since European and American countries suppressed China, they have lost their voice. The Chinese government will not worry about their feelings, and even if it is threatened by withdrawing from diplomatic relations, it will not change.

Reform will definitely be implemented firmly, from a extensive foreign trade economic model, it will suddenly change to a semi-planned and semi-market economy model dominated by the domestic demand market. It will cause many problems and take a long time to adjust.

However, once the Chinese government determines the direction, it will continue to implement it without hesitation. This is the starting point for the Chinese nation to take off, and China will definitely lead the world in the future.

This is like a hit game, and the head is retracted to make a stronger counterattack.
Chapter completed!