The Rebirth of the Financial Hegemon

From Zhao Jiangchuan's perspective.

It is clear what kind of situation Thailand and other Southeast Asian countries are facing.

Success also means foreign exchange, and failure also means foreign exchange.

Driven by countless foreign investments, the economies of these Southeast Asian countries have developed rapidly.

Money is a person's blood.

If applied to a country, the same logic makes sense.

When capital flows in, it's blood transport.

With abundant blood, diseases are covered up and you look very healthy.

But when capital inflow turns into capital outflow, blood transfusion turns into blood drawing. If there is not enough blood to supplement, all the old diseases will be highlighted.

When those lesions accumulate to a certain extent, a country will collapse in an instant.

This is a dead end with no solution.

According to statistics, in 1996, the proportion of international capital in the GDP of South Korea, Indonesia and Malaysia reached approximately 5%, 6% and 7% respectively.

In Thailand, this proportion already exceeded 14% in 1994.

According to data from the International Monetary Fund, the total net inflow of international private funds into five Asian countries, including Thailand, the Philippines, Malaysia, South Korea, and Indonesia, increased from US$24.9 billion in 1990 to US$35.1 billion in 1994.

In 1995 and 1996, this figure further rose to US$62.9 billion and US$72.9 billion.

However, this time, international liquid capital has entered Asia, which has opened its capital market in a large scale. The most direct result is not the prosperity of the real economy, but the loose monetary policy and rising asset prices in Asia.

The way international capital enters Asia relies largely on short-term borrowing.

Borrow large amounts of funds from Asian banks and invest these funds in the securities market and real estate market to pursue capital profits.

By the end of 1993, the securities markets of emerging countries in East Asia accounted for 12% of the world's total, with a total volume of approximately one trillion US dollars.

And just less than ten years ago,

Asia's emerging securities markets account for only 4% of the world's total.

In the 1990s, much of the international investment flowing into Asia went directly into the securities market.

According to statistics from the International Monetary Fund (IMF), equity financing in emerging and developing economies in Asia reached US$11 billion in 1996.

In other words, the entire Asia in the 1990s became a new battlefield for capital to pursue profits, and the core of this battlefield was East Asia and Southeast Asia.

The reasons for attracting international capital to Asia later seemed ridiculous.

The so-called Asian Miracle.

Since the 1960s, the economies of the "Four Asian Tigers" represented by Singapore, Hong Kong, Taiwan and South Korea have developed rapidly, rising from relatively poor regions to moderately developed economies in a very short period of time.

After that, Thailand, Malaysia, the Philippines and Indonesia achieved significant economic growth in the early 1990s due to the opening of their capital markets to the outside world, and were known as the "Four Asian Tigers".

There were the "Four Little Dragons" before and the "Four Little Tigers" after. Especially in the 1980s and 1990s when the growth rate of traditional market economies in Western Europe and the United States generally slowed down, Asian countries maintained relatively high economic growth.

From the perspective of economic theory, the essence of wealth, whether it is an individual or a country, is an exchange process.

The academic name is.

"Washington Consensus".

The cornerstone of economic prosperity is to further open the market, implement trade liberalization, implement marketization of interest rates, protect private property, relax excessive government intervention in the economy, etc.

So, under the influence of the Washington Consensus.

Phrases such as "more open markets" and "freer economies" have been used to explain the Asian market.

Governments and financial institutions’ understanding of the “Asian Miracle” has also fallen prey to this self-interpretation.

Asia's success stems from market freedom and openness, and as long as the market continues to open up, Asia will achieve continued success.

This type of argument was very popular at the time, and this straightforward optimism that omitted many details constituted the greatest potential risk.

The essence of capital is to pursue profits.

Just like a leech, when it cannot absorb enough nutrients, it will detach from the adsorbed organism.

With the injection of foreign capital, Southeast Asia's real estate and financial industries have surged.

But Thailand is not a country in the high-end industrial chain.

The types of export commodities are basically low-end products such as jewelry, clothing, and agricultural and sideline products.

The international market competitiveness of these goods weakened in the mid-1990s, thereby weakening Thailand's economic competitiveness and causing the trade deficit to continue to grow.

The continuous increase in the balance of payments deficit is actually an important reason for Thailand’s overall high debt ratio as mentioned earlier.

In terms of economic and technological strength, Thailand is obviously not as good as Singapore, South Korea and other places, and when it comes to the extent of bubbles.

Thailand, where international hot money has poured in, is even higher than Indonesia and Malaysia, which are also located in Southeast Asia.

An economy that was originally uncompetitive has now fallen into economic growth difficulties.

No matter how you look at it, Thailand has the lowest ability to withstand financial risks among Asian countries. It has naturally become the first choice target for attacks by "financial snipers" such as international financial capital.

In the end, the way international capital chose to attack the Thai economy was to short the Thai baht, the currency in circulation in Thailand.

Earn the exchange difference by buying baht and paying back baht.

As a cheater, Zhao Jiangchuan knew this very well.

Under the general trend that Southeast Asia is bound to explode, it would not be Zhao Jiangchuan if he did not take advantage of the opportunity.

In the office.

Zhao Jiangchuan asked the secretary to set up three blackboards.

He quickly scribbled on the blackboard with a piece of chalk.

Ouyang Lan and Li Xiaoyue were dumbfounded by the terrifying mental arithmetic ability when various numbers were connected in series.

When the two of them couldn't see clearly, Zhao Jiangchuan would erase everything he had written before and then write again.

Second daughter, you look at me, and I look at you.

I don't understand the meaning of the numbers written by Zhao Jiangchuan at all.

But they knew that Zhao Jiangchuan must be doing something big now.

Every time Zhao Jiangchuan was too busy to pay attention to them, he would be plotting something.

It's a pity that the two of them don't know what Zhao Jiangchuan is planning, otherwise they will definitely be forced to death.

Suddenly, Zhao Jiangchuan shouted after writing a long list of numbers.

"Xiaoyue, how much money do we still have on our books?"

Li Xiaoyue was able to become the head of the General Department not because of Zhao Jiangchuan's favor.

In terms of work, she gave full play to the meticulousness of Jiangnan women.

As soon as Zhao Jiangchuan opened his mouth, Li Xiaoyue answered fluently without needing to show his work records.

“Previously, our available funds were US$2.13 billion, but we paid Standard Chartered US$200 million.

I invested 140 million in the Hong Kong stock market, and I still have 1.79 billion left. If the risk reserve of 400 million US dollars is deducted, there is still 1.39 billion US dollars left. "

1.39 billion US dollars.

A lot of money.

But when Zhao Jiangchuan heard this, he couldn't help but sigh.

"Hey, I'm so poor, why do I only have so little money?"

"..."

While Zhao Jiangchuan sighed, Li Xiaoyue and Ouyang Lan looked at each other.

That look seemed to be asking.

Is our boss just showing off?

Zhao Jiangchuan ignored the two people's flirtations.

He threw away the chalk in his hand and slumped down on the sofa in frustration.

Gao Qiang's mental arithmetic consumes a lot of his mental energy.

But the final result requires a huge amount of funds.

The less than 1.4 billion he currently has at his disposal is not even a drop in the bucket in several countries.

“With just this little money, it seems a bit difficult to conquer Southeast Asia!”

On the sofa, Zhao Jiangchuan felt sorry for himself.

Ouyang Lan sat down obediently. She knew that Zhao Jiangchuan was very tired now.

For a whole week, Zhao Jiangchuan has been calculating every day.

That huge number makes Ouyang Lan feel like vomiting just looking at it. The high-intensity brain operation, Zhao Jiangchuan's consumption can be imagined.

Sure enough, as soon as Ouyang Lan sat down on the sofa, Zhao Jiangchuan leaned on his thighs.

Ouyang Lan's legs are very elastic and full of youthful vitality.

You can feel the delicate warmth and tightness on your thighs wearing only stockings and short skirts.

However, Zhao Jiangchuan did not savor it as usual.

As soon as his head rested on those thighs, he closed his eyes habitually.

After days of continuous calculation, even someone as powerful as Zhao Jiangchuan felt a sense of exhaustion.

The kind of exertion that was different from physical labor made him just want to have a good sleep.

Suddenly, Zhao Jiangchuan felt a heat on his mouth.

He didn't open his eyes, but he could still guess that those were Ouyang Lan's red lips.

Then, the soft red lips left, and Zhao Jiangchuan felt a pair of catkins on his temples.

Ouyang Lan gently pressed on both sides of Zhao Jiangchuan's temples. The tiredness on his face made her feel a little heartbroken.

She could feel that Zhao Jiangchuan was tired.

If it were normal times, Zhao Jiangchuan would have started to act up by now, but now, he seems to be able to fall asleep at any time.

The little secretary blamed herself. She blamed herself for her incompetence.

If she can help Zhao Jiangchuan, then Zhao Jiangchuan can lighten a lot of his burden.

Ouyang Lan was a little envious of Li Xiaoyue. At least, Li Xiaoyue could help Zhao Jiangchuan with many things.

"Big bad guy, am I just a useless vase? You work so hard, but I can't do anything."

Zhao Jiangchuan did not open his eyes.

He smiled softly and said.

"How could it be useless? You are the one I like to use the most."

"I hate it, I'm talking to you about business."

"What I told you is the same thing."

"If you keep doing this, I'll ignore you."

"Idiot, haven't you heard our old saying? It's a virtue for a woman to be without talent. Only a woman who doesn't understand anything is a good woman. I like you like this. Just looking at it makes you feel good."

"Glib tongue."

"Hey, little money fan, you have said everything good and bad. What can I say?"

"snort."

"……."

"Bastard."

"Um."

"There is endless money to be made, can you please stop being so tired..."

"Are you feeling distressed?"

"Um!"

"You comfort me that night when I feel distressed. Once you comfort me, I won't be tired anymore."

"Don't come here."

"If you don't do it, I'll look for Xiaoyue."

"snort."

"Little money fan, I plan to go to the United States in two days."

"Ah! Why do you want to go to the United States?"

"Get ready to buy something from the Americans."

"Then when will you come back."

"Not necessarily, maybe I will go directly to Thailand."

"……."

"I'm thinking whether to take you or Xiaoyue with me."

"Ah I…."

In the room, Ouyang Lan stuttered.

Li Xiaoyue, who was sorting out documents, his ears perked up involuntarily.

Zhao Jiangchuan, who still had his eyes closed, seemed to have not noticed anything strange between the two of them, and he deliberately misbehaved.

"Which one of you two wants to go?"

"……."

No one said a word.

There is only one spot, so naturally everyone wants to go.

USA.

It was a beautiful country in their hearts. For Li Xiaoyue and Ouyang Lan, who had never been abroad, everyone wanted to visit that foreign country.

The most important thing is that you can stay with your man.

For a woman, she will no longer be happy to travel around the world with her man.

But this kind of thing is not easy to argue with.

A fight will definitely create a gap between the two.

But no one wants to.

After all, everyone has selfish motives.

Even if they are closer than sisters, they don’t want to be at a disadvantage in this kind of thing.

Zhao Jiangchuan's evil plan succeeded.

he continued.

"I'm thinking about which of you would be more suitable to take, um..."

Being teased by Zhao Jiangchuan, the two women's hearts were in their throats.

Being selected means that you can go out into the romantic world with your own man.

But once he is left behind, he can only stay in his boudoir and watch the other two people roam the world.

Why is this guy so bad?

The two of them had been at each other's throats for a long time, and they couldn't help but feel itchy with hatred.

However, in the end, the two of them couldn't help but keep their ears open, waiting for the verdict that might be sweet or hurtful.

Then…..

"Huhu..."

There was a slight snore.

Zhao Jiangchuan fell asleep.

( = )