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Chapter 1397: Chapter 1244 The First Step Toward Internationalization (Please Subscribe!)
A brief encounter.
Yet such tremendous progress has been made.
Waite couldn’t help the smile plastered on his face; he had no intention of sharing the five billion Asia Dollars of Commodity Loan with the subordinate state-owned companies. Otherwise, just the distribution process itself would become a major issue.
Centralized management was essential.
In other words.
He was also planning to establish a National Import-Export Company.
He believed.
The debt structure of Congo Gold.
Starting this year.
Would undergo fundamental changes. Although there were still many USD debts looming overhead, the thought of the statistical data flowing back from all quarters eased Waite’s anxiety significantly.
"Mr. Kan Qin, when you return, please convey my gratitude to President Ling of your country on my behalf."
"Will do."
After finishing the official matters.
As usual, Waite took Kan Qin on a tour around the famous spots of the Capital, considering the local security situation, they avoided crowded places and opted for less popular but distinctive locations.
...
In the afternoon.
While Kan Qin was resting.
Waite held a meeting.
There was no avoiding it. 𝚗ov𝚙𝚞𝚋.c𝚘m
To prevent the flood of calls later, he needed to determine in advance how to allocate the funds. Otherwise, everyone would try to take a bite, and if they didn’t get a bite, they could still drive you mad with their clamoring.
"This first batch of Commodity Loans, I plan to establish a National Import-Export Company like we did with Mozambique. However, to avoid impacting the domestic commodity market, these funds will mainly be used to purchase public commodities."
"Like police cars, fire engines, ambulances, etc. We will need at least a total of over a thousand vehicles, and these are a priority. Next, office supplies like computers, printers, phones, etc..."
Right off the bat.
Waite set the direction.
And indeed.
These were necessities that everyone had been demanding, and since he hadn’t been able to provide them before, he decided to acquire them all at once, leaving nobody with anything to complain about.
"Can we spend it all?" someone wondered.
"How can we not? At a hundred thousand Asia Dollars per vehicle, a thousand vehicles is already a billion. Add to that other motorcycles and updating all government institutions’ office equipment and facilities, there won’t be much left," explained Waite.
"Buying cars from Myanmar? Do they make cars?" another questioned.
"I’ve heard they do."
"Quality..."
"Quality is a minor issue, as long as they don’t break down too often. They don’t provide Yen-denominated goods, so forget about that," Waite waved his hand, honestly believing in Japanese cars.
Africa is dominated by Japanese cars.
Although they have a fragile exterior.
They’re durable.
However, now there was no choice. Myanmar wasn’t a partner with Japan, and Waite didn’t think Japan would join this trade system in the short term.
"..."
Seeing no objections from the group, Waite continued: "As for the one hundred billion Asia Dollars of Project Loans, it should mainly focus on roads. I’m planning to start with the Kinshasa to Lubumbashi..."
Quickly.
The discussion concluded.
This one hundred billion Project Loan was thus allocated: The first portion went to National Road refurbishment and partial expansion. The second portion to Communication facilities. The third for the redevelopment of an area in the Old City of the Capital.
Among these.
The Government of Democratic Republic of the Congo would also contribute additional funding.
Otherwise.
Even the one hundred billion Asia Dollars would not be sufficient. Waite didn’t need to worry about Electricity issues, as the United Power Grid Company had ample Resources to bring Congo Gold’s power grid up to standard.
Now.
After determining the Shareholders.
Waite couldn’t even think of injecting more capital into it, as the situation had become a bit odd lately, with friction occurring between the power grid company’s initiators "Black Prison" and "Kovalro." He certainly wouldn’t stir the pot further.
...
Inside the Hotel.
Kan Qin was browsing domestic News.
Even though he was in Africa.
He wasn’t truly idle, in addition to diplomatic Tasks, he still had domestic matters to deal with, but instead of personally holding meetings as before, these were now handled through Remote Meetings.
With Ling’s presence.
No spirits or goblins dared show their faces, everyone was buckling down, ready to make a fortune in the upcoming surge. To Kan Qin’s knowledge, there was even a labor shortage in all regions of Myanmar.
In order to alleviate the pressure.
They had decided to import talent from Huaxia.
No choice.
Given the abundance of skilled, diligent labor in Huaxia, which was far superior to that of neighboring countries like Thailand or Laos, not to mention India? Kan Qin scoffed; he would avoid using them if possible.
At this moment.
Domestic News heralded his visit with praise.
Among which.
What concerned many.
Was the amount of money he was planning to spend this time. Throwing around billions so casually, although it was self-printed money, was still quite extreme. Some were even worried about whether this would cause Inflation if too much was spent.
Reading this speculation.
Kan Qin laughed.
Inflation?
Theoretically possible.
Because this money would flow back into the country, leading to increased money supply and inevitable Inflation according to economic principles. However, if the growth of goods and Services outpaced it, Inflation wouldn’t occur.
Looking long-term.
There was pressure of Inflation.
But.
It wouldn’t much affect ordinary people.
Because Kan Qin knew that Ling’s control over Commodity prices went all the way down to Raw materials. Once the prices of these materials were controlled, the whole scale of Inflation would be contained.
A semi-planned Economy.
A powerful tranquilizer against Inflation.
As for how much money he was planning to spend this time? Kan Qin had a clear picture: a whopping total of one hundred and twenty billion Asia Dollars. That was all the Loans he brought for his trip to Africa.
This time.
It was the first real step toward the internationalization of the Asia Dollar.
In the future.
There would be a second step, a third step. Without going too far, if the collaboration goes well this year and the model gains recognition, next year’s quota might shoot beyond two hundred billion Asia Dollars.
Such a game.
Few countries in the world could play.
Even Japan.
The world’s current second-largest Economy can’t handle it.
Because one crucial link in this setup is Huaxia, with its massive manufacturing scale, population making up one-fifth of the global total, and enormous numbers of high-quality professionals and industrial Workers.
Only if Huaxia is willing to play.
Can Myanmar play it so smoothly. Both goods and Projects can have ’solutions’ provided by Huaxia, solving many troubles Myanmar currently can’t handle or find difficult to deal with.
Otherwise.
Just with the Project Loans.
If Huaxia companies aren’t willing to settle in Asia Dollars, Myanmar would have to lend in USD or use other Foreign Exchange Reserves, because Myanmar barely has the capacity for these constructions.
Thus.
In a sense.
Huaxia and Myanmar together maintain the existence of this model.
Huaxia supplies ’Products’.
While Myanmar.
Provides channels and money, acting as the middleman in a ’laying-eggs-through-borrowed-chickens’ operation. Kan Qin believed this fundamental relationship was almost unchangeable and unnecessary to change.
With the support of Huaxia, the giant tree.
What’s not to like?
