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Chapter 1237: Chapter 1094 Two Major Events (Subscribe please!)
Does this "random spending" affect normal trade settlements?
Clearly, it does not.
Any stable country,
with the ability to attract Investment, is incomparable to ordinary countries. If public security is good and the law supports it, it becomes even more attractive, like Huaxia, where, besides population, a stable environment is also a key reason.
It was 2007 now.
The subprime crisis was approaching.
During this period,
capital was very active.
Just like the frenzy before Huaxia’s stock market hit six thousand points, soon, a large amount of capital would flow into Myanmar, and after the subprime crisis triggered a global financial crisis, what would those hedge funds do?
Of course, they would look for a stable haven.
However,
with the existing Myanmar market, it was impossible to attract too much foreign capital after the financial crisis. What could attract them was the preservation of assets. Therefore, before the end of this year, Ling would do two major things.
First, completely replace the Myanmar Kyat with the Asia Dollar.
Second, establish a stock and bond market in Myanmar.
Financial market.
It is always an important tool for attracting international speculators.
It is also an important means of regulating economic health; after the Asia Dollar replaced the Myanmar Kyat, passive inflation was inevitable, but the stock market could control this inflation.
As long as the stock market was prosperous.
The capital flowing into the real economy would be attracted, thus, though the total amount of currency increased by more than tenfold, it wouldn’t cause inflation; everyone’s money would still hold value.
Therefore,
for quite a long time in the future,
this place would be in a state of net capital inflow; besides, Tang Qing had another stable foreign currency source channel, do not forget, he also had vast funds controlled by his global Fighters.
As long as Tang Qing was willing,
the foreign exchange reserves he pulled together would suffice to handle any foreign currency payment crisis, once the Asia Dollar was firm enough, heh, the US Dollar? The Euro? What are those used for? Perhaps as kindling?
To buy global resources with their own printed money.
That is the "right path."
...
Very soon,
news of a ten-billion-dollar loan was out.
Other states were very envious,
but they could only envy, as the money was designated in the agreement for assistance to two underdeveloped areas; they had no part in it, The Myanmar Bank would receive the exchange settlement, and it was Myanmar Bank’s money.
Myanmar Bank could spend it however they wanted.
They had no say in the matter.
However,
merchants were excited.
Just with this loan,
Myanmar Bank would allocate over eighty billion Asia Dollars to the two areas, how could such a huge opportunity not move their hearts, and this was just the first disbursement from Myanmar Bank.
According to the development "routes" of the Xin’an District,
not only the local infrastructure and public works projects Myanmar Bank Group had to undertake, but a large amount of matching industry advances as well. It was foreseeable that this place would experience an explosive investment boom.
Opportunity.
A money-making opportunity.
But they clearly knew that whether or not they could make money still depended on Myanmar Bank Group; without its consent, no one could just run and try to stake their claim in this area.
Thus,
to obtain entry permits for the new area,
merchants flocked to the headquarters of Myanmar Bank for consultations; however, these were small merchants, while the major local merchants had almost all joined the Myanmar Asia Chamber of Commerce; with any issue, of course, they would consult the Chamber of Commerce President.
To centrally handle this issue,
Myanmar Asia Chamber of Commerce decided to convene a meeting.
Upon hearing this news,
they laughed.
It was time to distribute the interests again.
...
Qingyan City.
Tang Kai got the news.
--- The Chamber of Commerce meeting is tomorrow afternoon. After receiving Wangsa’s call, he immediately packed his luggage, preparing to go earlier tomorrow to try and secure more projects, particularly concerning the matters of Gems and Jewellery shares.
Previously,
he had the exclusive distribution rights for Gems and Jewellery in the Xin’an District.
The other places only had partial access through his channels.
Now, two new districts had been added.
He was uncertain if he could still have a monopoly, and thinking about this, he recalled his nephew, the one who had perfectly predicted the outcome. He checked the time; Tang Qing should have already finished school.
He took out his phone.
Dialled.
"Nephew."
"Tangtang, your uncle needs to ask you something."
"What is it?"
"Now that the area has expanded, will my gems and jewellery business be affected?" Tang Kai actually didn’t expect everything for himself, just hoped to maintain his current share.
Of course,
it would be good if it could increase.
But by all means, it should not decrease.
"This... seems a bit uncertain."
The words of Tang Qing
made Tang Kai anxious, he hastily asked, "What’s wrong, are there changes in the policy?"
Tang Qing explained, "Uncle, you can keep your distributor status in the Xin’an District, don’t worry about that, but for the two new districts, you won’t likely get a large share."
"You should know, the Xin’an District was almost entirely snapped up by Ling, but these two districts are peacefully expanded, originally there were many small and big businessmen operating there, it’s not possible to drive them all away."
Tang Qing was not indiscriminately channeling benefits to his own family.
These two districts.
Due to historical reasons, hundreds of thousands of Chinese still lived there, located along the border with Huaxia, Tang Qing could not possibly consider seizing their property.
Therefore.
These two districts.
For controlling important resources, the Myanmar Bank Group would take the lead, such as land, oil, natural gas, unclaimed mineral deposits, newly discovered gemstone resources, unclaimed timber, etc.
As for those resources with identified owners and non-important,
they would still be operated by the original businessmen.
As long as they paid taxes legally,
the Myanmar Bank Group wouldn’t care much about those things—they merely had control over some underground and surface resources, which were rather insignificant, less than one-thousandth of the total asset value of the entire region.
It wasn’t much.
To take those too
would be inhumane.
"As long as I can maintain my current share, that’s enough." Tang Kai said cheerfully.
Knowing the uncle was going to the meeting,
Tang Qing gave a reminder.
"Uncle, for the meeting you are attending, I think you will definitely try to compete for some construction projects in the New District, you should be prepared, this competition will be somewhat fierce, unlike last time."
"Last time it was within the special zone where the economy was rather closed off, coupled with the uncertain future of the Asia Dollar, many were hesitant to accept payment in Asia Dollars, which allowed you to secure such a big order."
"Now it’s different, the rise of the Asia Dollar is certain, and it’s almost impossible to win like last time. Moreover, I’ve heard that many companies from Huaxia will be attending the bidding."
After the reminder,
Tang Qing shifted the discussion.
"However, you are an original member of the Myanmar Asia Chamber of Commerce, the slice of the cake you’ll get won’t be less than last time, it’s just that the proportion of your projects in terms of the total investment will be much less."
"Uncle, I suggest you apply to the Myanmar Bank Group for a license and technical support for producing Electric Vehicles, I know your company already has a project set up, with a certain level of technology storage."
"Electric Vehicle?" Tang Kai muttered.
"Over there, to reduce the consumption of fossil energy, they’ve already pointed towards the direction of an electric power society, it won’t be long before stricter carbon emission standards are implemented, this is an opportunity."
"Filters can remove harmful substances, but not carbon dioxide, so getting this license early is advantageous, once the technology matured, you could completely expand domestically."
"But, will they give it to me? Doesn’t the Myanmar Bank Group operate it themselves?"
Tang Kai was skeptical about this.
Tang Qing explained, "This belongs to the application area and is not strategic or critical industry, they will invest in materials, glass, and other basic technologies, but for application areas, they generally license them out."
Tang Kai recalled the style of the Myanmar Bank Group.
It seemed true.
"Then I need to hurry, can’t let others get ahead." Tang Kai decided, go for it.
"The sooner the better, I’ll help manage this too, although it’s a bit difficult, it’s not too much. Specifically, you should go ask them if they will tell you how to do it there," said Tang Qing.
Tang Kai nodded and said, "I will handle it first thing after I land tomorrow. But, are you really not going there to do business?"
"My current business is enough for now, and besides, my business can expand there too, no worries." Tang Qing now fully understood, capital is the true essence of the game.
This was just the beginning.
The Asia Dollar had not yet replaced the Myanmar Kyat.
The Myanmar Bank Group ’economic entity’ was not fully matured, and its layout in Myanmar was just starting. Before the Asia Dollar goes global, it must be cast into a golden body.
The road 𝑛𝑜𝘷𝑝𝘶𝘣.𝑐𝘰𝘮
was very long.
