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Chapter 590: Chapter 497: The Expansion Path of Asia Dollar (Seeking Subscription!)_1
After saying hello to Tang Qing, Huang Qi immediately noticed Shen Yi coming out from behind him. A hint of surprise flashed in his eyes, and he quickly concluded that Pan Yue must have introduced them.
As a good friend of Pan Yue, Huang Qi knew Shen Yi, Pan Yue’s childhood friend. However, Shen Yi’s background was a bit mysterious and he didn’t know much about it. He only knew that Shen Yi’s family held some official position, the extent of which was unclear, and that Shen Yi worked in a film and television company.
As for other information, Huang Qi was clueless, having only met Shen Yi a handful of times.
"Shen Yi, what are you doing here?" Huang Qi greeted as he approached.
Shen Yi smiled and replied, "Oh, it’s Brother Huang Qi. So this is the villa you and a friend are developing together. Not bad." His compliment was strictly for Tang Qing’s villa.
He had met Huang Qi several times while dining with Pan Yue, but he always kept a low profile. Furthermore, his father had only moved from the Northeast last year, so not many people were familiar with him.
Huang Qi came from a business family and was not part of Shen Yi’s circle, so it was not surprising that he did not know him. During a previous dinner, he had heard that Huang Qi and another individual were developing real estate in Shanghai, specifically villas. He had not expected that Tang Qing was one of the partners in the venture.
"Haha, where are you guys headed? Need a guide?" Huang Qi felt a surge of pride at Shen Yi’s compliment. Seeing Tang Qing was about to leave, he wanted to tag along.
"Sure, let’s explore together."
Seeing that Huang Qi seemed to have something to discuss, Tang Qing didn’t refuse. Although an additional person might be inconvenient, it would make things more lively.
Then, Tang Qing introduced Lin Jiaxue and Li Kai to Huang Qi again. Before getting in the car, Huang Qi intended for Tang Qing to ride with him, but when he saw Tang Qing getting into his car with Lin Jiaxue, he didn’t say anything.
Tang Qing had five cars for his villa: two Mercedes-Benz sedans, two BMWs, and an Audi SUV. He would switch cars when he got bored of one. He didn’t buy a sports car because they were uncomfortable to drive and even worse to ride in. Other than to show off, they were of little use.
He didn’t need to impress anyone.
Moreover, all five cars had undergone modifications in the research area by scientists. In other words, aside from interior and non-essential parts, hardly any factory parts remained in the car. It was bulletproof and explosion-proof.
The car was heading towards the city center.
Last night, they took in the night view of Shanghai. Now that the sun was just rising and everything was warm and cosy, Tang Qing and Lin Jiaxue watched TV in the back seat whilst the car was on the move. The Mercedes model they were in did not come with a TV, but this was no problem for Tang Qing. With two display screens installed, they could not only watch any global channel, but also surf the internet.
Sitting in the car.
Tang Qing even had the idea of manufacturing his own car. Thinking about how much money German cars had made in the domestic market, why not consider acquiring companies that manufacture Mercedes-Benz and BMWs at some point? This was certainly challenging, because why would anyone sell a business that was doing well? Unless there was a major crisis.
Hmm.
It could be added to the list of plans. He was sure to dabble in light and heavy industries in the future, and could potentially influence the direction of things. If all else fails, he could create his own brand. Was making a car difficult?
Of course not, just remember the scientists in the research area. Various types of vehicle equipment appeared in the mall, so there were no problems with the basic technology. The quality was absolutely top notch. As long as they focused on specific breakthroughs, making a car was not a problem at all.
Lin Jiaxue, watching a recently released movie playing on the screen with no lag, curiously asked, "Tangtang, is this also that military communication technology?"
"Yes, it also has recognition capabilities. It can only be used when I’m nearby. If I’m not around, it’s just a small computer. It can’t go online or watch TV, it can only play stored content." Tang Qing explained. This kind of technology was a bit too advanced, so naturally, it needed protective measures.
"Oh," Lin Jiaxue nodded her head.
She remembered the month they spent in the village. It was impossible for there to be internet at home, let alone a wireless network capable of smoothly streaming movies. However, Tang Qing’s mobile phone was capable of doing so. Everything felt so futuristic, like there was no limit to the internet speed.
That day, Tang Qing and the others only visited a few famous places, like the Pearl Tower and The Bund, which weren’t anything special. It wasn’t that Tang Qing was choosy, it’s just that after being in his previous command room, he had seen what real grandeur was.
After the opening of the Currency Clearing Center, he had been awestruck by those immense buildings. They represented a profound beauty, and anyone who saw them held up their thumbs in admiration.
It was like the building on the Asia Dollar bills.
After it circulated, it caused a great sensation in the architecture world globally.
Many people wanted to recreate it, but the design was already printed on the currency. Attempting to replicate it would not increase their fame, and it would simply be considered plagiarism. Some people tried to modify it, but no matter how they did, they couldn’t capture its original charm.
Thinking of the Asia Dollars released by his territory reminded Tang Qing of his own wallet.
Tang Qing checked his own information.
Tang Qing silently read out his personal information in his heart.
Name: Tang Qing
Level: 5
Experience: 1595/1600
This month’s loan quota: 800/800 million
This month’s personal quota: 160/160 million
Withdrawable assets: 107.043 million
Spirit: 548
Physical Fitness: 548
Origin Qi Value: 0
Due to the significant reduction in arbitrage profits, Tang Qing’s account now only has a little over one billion RMB. Especially when looking at his experience points that are just five points short from leveling up, Tang Qing really wishes he could scrape up some experience from somewhere. Unfortunately, there’s no easy way to gain more experience.
Tang Qing checked his achievement tasks.
Achievement series tasks (I).
3. Issue loans, rewards: each hundred million RMB is equivalent to +1 experience, +1 origin energy points, completion: 100/100.
4. Attract deposits, rewards: each hundred million RMB is equivalent to +1 experience, +1 origin energy points, completion: 100/100.
5. Level One Bank Assets, rewards: each hundred million RMB of Level One Bank assets is equivalent to +1 experience, +1 origin energy points, completion: 100/100.
6. Currency Issuance: issue new currency totaling three trillion RMB. Rewards: each hundred billion RMB is equivalent to +100 experience, +20 origin energy points, completion: 0/3.
That’s right.
The first three tasks have already been completed in just over a month.
The task looming ahead, which is nearly shit-inducing, is the final one—a three trillion Asia Dollar issuance quota task.
Thanks to the surge in foreign trade within the territory over this period, only about nine hundred and fifty billion of the Asia Dollar issuance quota has so far been reached. Fifty billion more are needed to complete the first stage task of one trillion.
As for the rest...
Trade will have to be slowly expanded.
The issuance quota of the Asia Dollar during this period was mostly issued through foreign exchange loans, requiring the territory’s companies to convert their US dollar profits into Asia Dollars at the Myanmar Bank. The bank would then make deductions, considering taxes, raw material costs, and circulation fees, and only pay the remaining profits to the company.
For example, a plastic factory will need raw materials from the oil-refining process to the final production stage. The company can get these materials on credit, produce the goods, and finally sell them to earn money.
Once the money has been received, the Myanmar Bank will separate the company’s profits from the sales amount and distribute it accordingly. Simply put, the Myanmar Bank plays a significant role in tax collection as well.
As for the profits of the factories within the territory, the business owners can handle them independently. They can exchange it for any country’s currency at the Myanmar Bank. But there’s a catch—they must first clear their Asia Dollar debts. A lot of them still owe the bank large sums of money from loans taken out for purchasing equipment for setting up their factories. Therefore, despite the boom in business over the last two months, business owners have not exchanged Asia Dollars for foreign currency on a large scale.
Given the volume of trade within the territory, the total volume of issuance should have exceeded one trillion by now. But in business, the issue of payment terms exists—it’s not always a cash-on-delivery situation. So, Tang Qing can only wait patiently. Though it would be... unbelievably challenging to achieve the three trillion target with normal trading activities.
Indeed.
It’s truly challenging.
A three trillion issuance volume would be impossible to absorb and circulate entirely within the territory.
With only over 200,000 people in the territory, three trillion is an astronomical sum! As the basic currency, this means that the circulation volume of Asia Dollars in the territory could even exceed one quadrillion or more.
The business environment within the territory simply cannot sustain such a huge volume of currency issuance. Were it not for the Myanmar Bank’s control over the costs and prices of various goods, the increased supply of many goods, even luxury items, and their control over the economic lifeline of the territory, preventing unplanned spending, the territory would have already experienced inflation.
Thus,
To fulfill the remaining two trillion issuance task without breaking the initial promise and causing the Asia Dollar to depreciate significantly, the only solution is to aggressively expand externally, increase the total volume of trade, and constantly optimize the entire supply and settlement system to avoid getting played in the future.
This issue is now urgent.
He needs to make arrangements well in advance, or else there may be a lot of scrambling later on.
