The Rebirth of the Financial Hegemon

v3 Chapter 27: scary mental math

From Zhao Jiangchuan's point of view.

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

Success is also foreign exchange and failure is also foreign exchange.

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

Money is a person's blood.

If it is used in the country, the same is true.

When capital flows in, it is blood delivery.

The disease is covered up with abundant blood, and it looks very healthy.

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

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

This is an unsolvable dead end.

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

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

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

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

However, this time, international liquid capital has entered Asia, where the capital market is open to the outside world, and 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 is largely through short-term borrowing.

Borrow a large amount 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 market of emerging countries in East Asia had accounted for 12% of the world's total, with a total volume of about one trillion US dollars.

Less than a decade ago, Asia's emerging equity markets accounted for only 4% of the world.

In the 1990s, a lot of international investment inflows into Asia went directly into the securities market.

According to the statistics of imf (International Monetary Fund), in 1996 the equity financing of emerging and developing economies in Asia was as high as 11 billion US dollars.

In other words, the whole of Asia in the 1990s has become a new battlefield for capital to pursue profits, and the core part of this battlefield is East Asia and Southeast Asia.

The reasons for attracting international capital into Asia later looked ridiculous.

The so-called Asian miracle.

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

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

There were the "Four Little Dragons" before and the "Four Little Tigers" later. 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, whether it is an individual or a country, the essence of wealth is a process of exchange.

The academic name is that.

"Washington Consensus".

The cornerstone of economic prosperity is to further open the market, implement trade liberalization, implement interest rate liberalization, protect private property, relax the government's excessive intervention in the economy, and so on.

So, under the influence of the Washington Consensus.

The terms "more open markets" and "freer economies" are applied to the interpretation of Asian markets.

Government and financial institutions' understanding of the "Asian miracle" is also caught in this self-interpretation.

The success of Asia stems from the freedom and openness of the market, and as long as the market continues to open, Asia will achieve sustained success.

Such arguments were popular at the time, and this whole-body optimism, omitting many details, posed the greatest potential risk.

The essence of capital is the pursuit of profit.

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

With the injection of foreign capital, the financial industry of Southeast Asia's real estate industry has risen wildly.

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

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

The international market competitiveness of these commodities weakened in the mid-1990s, thereby weakening Thailand's economic competitiveness and resulting in a growing trade deficit.

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

In terms of economic and technological strength, Thailand is obviously not as good as Singapore, South Korea and other places, and in terms of the extent of the bubble.

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

An economy that was already uncompetitive is now caught in the throes of economic growth.

In any respect, Thailand is the least resilient to financial risks among Asian countries. It has naturally become the preferred target of attacks by "financial snipers" such as international financial capital.

In the end, international capital chose to attack "the Thai economy" by shorting the currency in circulation in Thailand - the baht.

The exchange difference is earned in the form of buying baht for baht.

As a coercion, Zhao Jiangchuan is very clear about this.

Under the general trend that Southeast Asia is bound to explode, if you don't take the opportunity to make a fortune, it will not be Zhao Jiangchuan.

in the office.

Zhao Jiangchuan asked the little secretary to set up three blackboards.

He took the chalk and quickly scribbled and drew on the blackboard.

With all kinds of numbers in series, the terrifying mental arithmetic ability made Ouyang Lan and Li Xiaoyue stunned.

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

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

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

But they know that the current Zhao Jiangchuan must be doing something big.

Every time, as long as Zhao Jiangchuan is too busy to take care of them, he must be plotting something.

It's a pity that the two of them don't know what Zhao Jiangchuan is plotting, otherwise they will surely die.

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

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

It is not because of Zhao Jiangchuan's favor that Li Xiaoyue can be the director of the general department.

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

As soon as Zhao Jiangchuan spoke, Li Xiaoyue answered fluently without taking the work record.

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

140 million was invested in the Hong Kong stock market, and there was still 1.79 billion left. If the risk reserve of 400 million is subtracted, there is still US$ 1.39 billion. "

$1.39 billion.

A lot of money.

But when Zhao Jiangchuan heard it, he couldn't help sighing.

"Hey, I'm so poor, how come I have so much money."

"…"

In Zhao Jiangchuan's sigh, Li Xiaoyue and Ouyang Lan looked at each other.

That look seemed to be asking.

Is our boss pretending?

Zhao Jiangchuan ignored the inflections between the two of them.

He threw the end of the chalk in his hand and slumped on the sofa with a deflated butt.

Gao Qiang's mental arithmetic cost him a lot of energy.

But in the end, it requires a lot of money.

With the less than 1.4 billion that he can use at present, it is not even a drop in a few countries.

"With this amount of money, it seems a little difficult to blow up Southeast Asia!"

On the sofa, Zhao Jiangchuan mourned and complained to 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.

With that huge number, just looking at Ouyang Lan makes me feel like vomiting, the high-intensity brain operation, Zhao Jiangchuan's consumption can be imagined.

Sure enough, when Ouyang Lan sat down on the sofa, Zhao Jiangchuan tilted his head onto those thighs.

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

On the thighs wearing only stockings and short skirts, you can feel the delicate warmth and tightness.

However, Zhao Jiangchuan did not savor it as usual.

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

Even if he is as strong as Zhao Jiangchuan, he feels a kind of exhaustion after the continuous calculation for the past few days.

The kind of consumption that is different from physical labor makes him just want to get a good night's sleep.

Suddenly, Zhao Jiangchuan felt a heat on his mouth.

He didn't open his eyes, but he could still guess that it was 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 exhaustion on that face made her feel a little heartache.

She could feel Zhao Jiangchuan tired.

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

The little secretary blamed herself a little, and she blamed herself for her incompetence.

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

Ouyang Lan envy Li Xiaoyue, at least, Li Xiaoyue can help Zhao Jiangchuan in many things.

"Damn, am I just a useless vase, you work so hard, I can't do anything."

Zhao Jiangchuan didn't open his eyes.

He smiled lightly.

"How can it be useless, I like to use you the most."

"I hate it, people are telling you business."

"What I'm telling you is the whole thing."

"Again, I'll ignore you."

"Idiot, haven't you listened to our old saying, a woman's incompetence is virtue, and only a woman who doesn't understand anything is a good woman. I like you like this, and I feel comfortable just by looking at it."

"Grumpy."

"Hey, Xiaocai fan, you have already said whether it is good or bad, what should I say?"

"Humph."

"..."

"Bastard."

"Um."

"The money is endless, can you not be so tired..."

"Does it hurt?"

"Um!"

"I feel so bad that you comforted me that night. Once you comfort me, I won't be tired."

"You don't come."

"If you don't do it, I can find Xiaoyue."

"Humph."

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

"Ah! Why go to America."

"Get ready to go and buy something from the Americans."

"Then when are you coming back?"

"Not necessarily, it may go directly to Thailand."

"..."

"I'm considering whether to take you or take Xiaoyue over there."

"Ah I…."

Inside the room, Ouyang Lan stuttered.

Li Xiaoyue, who was sorting out the documents, did not **** up her ears voluntarily.

Zhao Jiangchuan, who still closed his eyes, seemed to have not noticed the abnormality between the two of them, and he deliberately made a bad move.

"Which of you two want to go?"

"..."

No one said a word.

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

U.S.

In their hearts, it is a beautiful country. For Li Xiaoyue and Ouyang Lan, who have never been abroad, everyone wants to visit that foreign country.

The most important thing is that you can also be by your man's side.

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

But this kind of thing is hard to argue with.

A fight will definitely create a rift between the two.

But no one wants to.

People are always selfish.

Even if it is kissing more than sisters, this kind of thing does not want to be disadvantaged.

Zhao Jiangchuan's trick succeeded.

He continued.

"I think it's more appropriate to take you to someone~lightnovelpub.net~ um..."

Amused by Zhao Jiangchuan, the hearts of the two women were raised in their throats.

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

But once they are left behind, they can only stay in the boudoir alone and watch the other two roam the world.

How can this guy be so bad.

The two have been in the same breath for a long time, and they can't help but itch with hatred.

However, in the end, the two of them straightened their ears involuntarily, waiting for the sentence that could be sweet or hurt.

Then…..

"Hoohoo..."

A slight snoring sound.

Zhao Jiangchuan fell asleep.

(=)