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Chapter 1228: Chapter 1085: Who Wants Your Junk Stuff (Please Subscribe!)
Annesley left.
Sun Jiang and Meng Fan walked in.
Unlike Annesley,
the two received a warm reception from Ling and were even offered tea, which Sun Jiang found slightly uncomfortable. However, this conveyed a message, that Ling still held a very friendly attitude towards Huaxia.
After sitting down,
looking at Ling,
Sun Jiang wasn’t nervous at all because he had Huaxia backing him.
Like Annesley,
he too was here on a task.
It was just not a Loan task, as Ling still owed Huaxia over three hundred billion. Such a large sum of money would indeed suffice for a while, and unless Ling brought it up, they would not have approached to offer money voluntarily.
However,
what Sun Jiang didn’t expect was that as soon as he stated his intent,
Ling readily agreed, "We are willing to open up the Mozambique National Import and Export Company’s commodity shares to your side and hope to achieve deeper cooperation on projects in Africa."
Mozambique.
The place where the mine-clearing vehicle incident occurred last year. 𝘯𝘰𝘷𝘱𝘶𝑏.𝑐𝘰𝑚
Subsequently, under Ling’s leadership and in cooperation with the Mozambique government, substantial US dollar and commodity loans were provided, which allowed Mozambique to set up the National Import and Export Company to manage this part of commodity trade.
Up to now,
the scale has grown significantly.
Mozambique also tasted the benefits. This type of loan not only reduced the use of US dollar reserves to avoid borrowing money just to pay loan interest, but it also generated considerable revenue for them.
They obtain goods at wholesale prices from here.
No tariffs needed to be paid.
Since it’s state-operated, various consumption taxes weren’t required either. Saying no taxes needed to be paid didn’t mean skipping tax procedures, but merely meant moving money from one hand to the other.
Finally,
adding the profit,
they found that this model effectively changed Mozambique’s debt problem, whether domestic or international, and besides, made a fair amount of money from it.
What they offered,
was merely some unusable, unminable, unrefinable mineral resources.
Thus,
last month,
Mozambique applied for a larger ’third-party guarantee commercial and project loan.’
After a month of review,
Ling finally agreed.
In reality, this was a simple matter.
But to avoid giving off an impression of being ’too easy, too urgent,’ Ling delayed for a month, making Mozambique nervous about whether their application would be rejected.
Thus, they often called to get close, very sincerely.
Lastly,
what made Mozambique overjoyed
was that Ling agreed to everything.
A hundred billion Asia Dollars for commodity loans, and another hundred billion for project loans, multiplying the original amount several times to two hundred billion, significantly larger in terms of magnitude.
Moreover,
this time, they directly cancelled loans in US dollars and other foreign currencies.
The reason was simple.
The purchasing power of the Asia Dollar was recognized.
There was a possibility the Asia Dollar could have been discarded in the past.
Now,
Ling made a move.
There was almost no chance of it being discarded, so if Mozambique wanted to purchase things settled in US dollars, they’d have to get the money themselves, and if they wished to purchase things settled in Asia Dollars, they were very welcome.
Last time Tang Qing wanted to complete a task.
So, they were given some preferential treatment.
Now Mozambique was pleading with them, so naturally, it wouldn’t be a case of giving whatever they wanted.
Thus,
Sun Jiang stepped in.
He hoped to include more of Huaxia’s products into Mozambique National Import and Export Company’s commodity catalog.
Because previously when Mozambique purchased Huaxia’s products,
many were settled in US dollars.
Now, with Ling not providing Mozambique with US dollar advance loans, these products wouldn’t be included in the import list of the import-export company, obviously causing some Huaxia merchants to lose these orders.
Moreover,
in the upcoming Mozambique project loans,
Ling’s side also possessed an exceedingly important right—the review right.
Only if Myanmar Bank Group agreed could Mozambique use the money to invest in projects, and Huaxia’s companies, in such ’low price, high quality’ project competition, always retained an advantage.
Even more importantly,
this model has already caught the attention of higher-ups.
Previously, Huaxia mainly provided basic infrastructure project loans to Africa, hoping they would strive harder.
But the results were poor.
Now,
the Mozambique model seemed to have found success on another path.
Such commodity loans might be a future outlet for Huaxia’s massive manufacturing scale, if domestic demand fell short, leading to a painful economic hard landing.
This point,
had garnered significant attention.
It even became a topic being followed up and studied by the Development and Reform Commission.
"Thank you," said Sun Jiang.
"This is a business beneficial to both sides. Let’s leave the specifics to the related departments," Ling said with a smile.
"As you say. By the way, if I may ask, was Mr. Annesley also here about a loan issue?" Asking questions required tact; this wasn’t prying into things he shouldn’t.
"Yes and no, you’re here for Mozambique’s loan, he was here for a US dollar loan, but his conditions were too harsh, I didn’t agree," Ling said frankly.
"I see, thank you for clarifying."
Sun Jiang absolutely loved Ling’s straightforwardness.
"It’s nothing, they really had no sincerity, just hoping to gain maximum benefits through mere words and little money, and wanting control too, compared to that, we prefer working with Huaxia," Ling said.
"Thank you for your trust."
It wasn’t long before,
Sun Jiang left.
He didn’t expect it to go that smoothly, as long as Ling agreed, everything else was easy to discuss, it seemed, the friendly collaboration over this period played a crucial role, while the United States kept causing trouble, they kept cooperating.
Now,
it was the season of harvest.
Do good deeds, reap good results.
That had always been Sun Jiang’s belief.
However,
he was still a bit worried.
The United States’ hand,
was never so easy to retract.
...
The next day,
Annesley arrived at Ling’s office as scheduled.
Seeing Ling still wearing an indifferent expression, he only hoped not to return empty-handed again. If this attempt failed, that hundred billion US dollars would indeed be difficult to "give" away.
However,
when Annesley offered to sell weapons,
Ling’s expression,
hit him again.
It was a kind of "perplexed" look,
as if saying: What do I need that stuff for? Are you kidding me?
And what Ling said next,
confirmed Annesley’s interpretation of that expression, only to hear Ling say, "Our internal issues are resolved, and externally there seems to be no one coming to attack us, so let’s skip the weapons."
Joking.
Would Tang Qing lack weapons?
You can buy them randomly in the market.
Not only cheaper,
but also includes services like maintenance, logistics, fuel, technology, etc. Buying American weapons, wouldn’t you also need to purchase related training services? And buy American ammunition? And fuel as well?
That’s a costly road ahead.
Such a big expense,
just to buy back this bunch of junk.
You’re dreaming.
