Many Chinese wealthy people in Hong Kong are visionary and optimistic about the future of Hong Kong. However, they are not sure when to buy the bottom. Many of the second generation people are not optimistic, such as those behind Wheelock. The Zhang family will leave Hong Kong and transfer all their assets in the past two years.
This is actually a redistribution of wealth that relies on vision and courage. This is the case in every economic crisis. Chinese capital was able to go from obscurity in the 1960s to overpowering British capital in the 1980s. The Chinese basically took advantage of it. In the economic crisis, it would be good if British capital can keep its family property.
All kinds of things in Yanjing were basically completed, and then Chen Zhiwen went to the Beijing-Tianjin-Tangshan Expressway, which was about half completed, to experience the first expressway over 100 kilometers in the mainland.
"When will it be completely completed?" Chen Zhiwen asked Shen Yinghua, the person in charge of Hutchison Infrastructure Project next to him in his Mercedes-Benz car.
Shen Yinghua replied: "Sheng Chen, according to the current plan, it should be completed by the end of next year, and it will be open to traffic in early 2085."
"That means it took a total of four years to build?" Chen Zhiwen thought for a while and said. This expressway was the first major project he invested in after returning to China. The total investment was as high as one billion US dollars, but he actually invested It only has 80 million U.S. dollars, and the rest depends on loans.
This can be regarded as the most practical help of financial leverage to the real economy. Otherwise, if he really had to spend hundreds of millions on his own, he would definitely not invest.
However, leverage is leverage, and the risk is naturally greater. Subsequent loan repayments will depend on highway tolls.
So, Chen Zhiwen asked again: "How is the traffic flow on the completed road section now?"
"The road section currently completed is from Yanjing to TJ City. The traffic volume is very objective. Small cars charge 0.3 yuan per kilometer. Now there are almost 8,000 vehicles in operation every day. The daily toll for small cars is about 200,000-300,000 yuan. Time, the number of trucks is smaller, but the amount of charges is higher. Based on the type of trucks, the average day charge is almost 400,000." Shen Yinghua continued: "But if the expressway between Tianjin and Tanggu Port is connected, then the charges for trucks will The quantity will inevitably increase on a large scale, and I estimate that the daily charges should exceed one million. This also depends on the future industrial situation in Yanjing."
"In other words, we mainly rely on various trucks, right?" Chen Zhiwen nodded and said with a smile.
"Yes, mainly trucks, and the second one is small cars traveling between Yanjing and Tianjin." Shen Aihua said.
"It's not bad. Once this kind of expressway is built, it all depends on the local economy." Chen Zhiwen said with a smile.
As the only expressway connecting the two major cities in North China to the port, Chen Zhiwen is not worried about the traffic volume at all. First, although Yanjing and Tianjin were not as well-known for their economic development as Shanghai and Shenhai in the 1980s, But the foundation is here, it’s just that as the capital, it doesn’t need a lot of publicity.
The flow of people and vehicles between Yanjing and Tianjin will not be lower than that from Guangdong to Shenzhen in the future. Based on this alone, the flow of small cars is enough. The larger purpose of building this project was to connect the mainland of North China with port.
In other words, in the future, if some goods from Yanjing, Tianjin and even nearby areas are to be exported, they must take this route. Even because sea transportation is cheaper than land transportation, it is also cost-effective to use the port to sell goods from North China to the South. of.
Unless other ports are built nearby, the Beijing-Tianjin-Tangshan Expressway will always have tolls.
However, highways also require a large amount of funds to maintain, but overall, the profits must be huge. This can be regarded as the first successful foreign investment in large-scale infrastructure projects in the mainland.
"In fact, in the past few years, I can clearly feel that the economy of Yanjing City has improved. There are more and more new buildings in the city. Roads and tap water in many places have also been opened. In addition, our group The investment in Yanjing is not small, and it has created tens of thousands of jobs." Shen Yinghua said with a smile.
"Well, well, North China is still one of the important investment bases of our group. In terms of infrastructure construction, the Beijing-Tianjin-Tangshan Expressway will not take long. As the person in charge here, you need to pay attention to what can be participated in. ." Chen Zhiwen said again.
"Okay, Mr. Chen." Shen Yinghua paused and asked, "Then can we participate in the bidding for the International Trade Center?"
"You know more about listening." Chen Zhiwen smiled and said: "There is no need to bid. The mainland can handle this kind of thing by itself. Generally, outsiders will not be involved, but as investors, you can also participate together. Consider it a supervisor."
Not to mention now, even in the past few decades, when foreign investors come to China to invest in office buildings and other buildings, the construction teams can only be found in China. At most, the design can be left to overseas teams.
For the International Trade Center project, the construction aspect must be left to China, and the design aspect is to invite Bei Jinming to cooperate with China.
"Okay." Shen Yinghua agreed.
…
The next day, Chen Zhiwen also took a look around Midea's home appliance factory in Yanjing City.
Since the acquisition of rca's TV business, Midea has become one of the regional hegemons in the global TV field. In the United States, Canada, Mexico, and parts of South America, rca's TV market share is very high.
However, RCA has always had its own factories. In Eastern Europe, Mexico and the Gulf, TV production capacity does not need to be transferred for the time being, but the sales channels are universal. In the past, RCA was not good at white goods, and although Midea cannot be said to be very good , but it can be said that it is not bad.
After more than a year of hard work, Midea has also successfully used the rca channel to open up the channels for its own white home appliances in the Americas. Coupled with Midea's large investment in advertising in the United States and its dominance of home game consoles, it can be considered a solution. Part of the problem is brand trust. Therefore, the sales of white goods have increased exponentially in the past two years.
Hong Kong didn't even have time to manufacture game consoles, so white goods had to be left to the mainland. This is why Chen Zhiwen invested in China early, because he had long planned for Midea's future. Although it may not be accurate, the direction is It remains unchanged. Even if he can't take over rca's TV business, he will find other targets.
After large-scale mergers and acquisitions, channels will expand rapidly. Only the mainland will have enough massive population to meet this huge growth rate. Even the neighboring Bay Bay may not be able to do it, and in terms of cost, it will definitely Much higher than the mainland.
"How many employees are there in this factory now?" Chen Zhiwen asked after looking around.
"Almost 16,000 people." Wang Houning, the head of Midea's Yanjing factory, replied.
"There are quite a lot of people. I don't know if it's my imagination. I think it's a bit too much? Many processes don't seem to be streamlined?" Chen Zhiwen thought for a while and said, where he just walked, there were many large items. Transfers all rely on manpower, and even in Hong Kong there will be a certain assembly line.
"Sheng Chen, it's like this. When we calculated the investment costs, we found that if we purchase a large number of assembly lines, it may cost more, and using manpower in many aspects may be more cost-effective. This matter has nothing to do with the mainland. After discussions between the joint venture partners and the government, they all suggested that we should not buy unnecessary assembly lines overseas and use manpower as much as possible. After calculation, we determined that the cost would be lower, so we agreed." Wang Houning said: "At present, in addition to the assembly line, The necessary assembly lines, and the rest, are mainly manpower, supplemented by some transport trolleys and the like."
"Okay, but for heavy work, you still need to use various equipment. It's important to keep your job, but you can't hurt people's bodies." Chen Zhiwen nodded and said.
For the country, employment may be the most important number, especially in big cities. Over the years, a large number of educated youth have returned, and these people need jobs.
"Okay, we also have a lot of hydraulic lifting equipment." Wang Houning said.
"However, if the production capacity still cannot keep up with the assembly line, there are still things to consider. Our home appliances are currently selling well overseas. In the mainland, a large factory may be built next year, not necessarily in Yanjing. , but a lot of talent reserves need to be mobilized from your side, and you must be prepared for this." Chen Zhiwen said again.
With the smooth progress of mainland production and the improvement of quality, the cost of Midea's home appliances is getting lower and lower. When the Beijing-Tianjin-Tangshan Expressway is reopened, the transportation cost can be reduced a little. Therefore, Chen Zhiwen is preparing to start manufacturing in the future. A price war to seize the market as quickly as possible. Anyway, the entire Midea Group has never needed the home appliance business to make profits, but other home appliance groups may not be able to, especially Japan.
Samsung's chip and LCD industries may be difficult to copy, but the development process of the home appliance industry is still no problem. To reduce costs, the mainland can control it to a lower level than South Korea. As for burning money, even Japanese home appliance giants are not afraid of it. .
Before starting a price war, he needs to increase production capacity in the mainland to a sufficient level, and the team here also needs a year or two to run in and make good quality products. These are also the basis for a price war, otherwise Started early.
At the same time, in 1984, four port cities in China will be opened, marking further progress in reform, and the situation in Hong Kong has been decided by then. All that is left is to discuss how to hand over, so he does not need to pay too much attention to it. The British Hong Kong government can do everything freely.
"Don't worry, Mr. Chen, we have also considered this matter. We will not really give up more efficient technology for the sake of employment in the mainland." Wang Houning said.
"Okay, He Guoyuan will let you know the specific situation that needs training in a while." Chen Zhiwen nodded and said.
(End of chapter)
