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Chapter 704: Chapter 608 Lang Cai is Anxious (Please Subscribe!)_1
Continuing.
Under the guidance of the enthusiastic service personnel.
In less than half an hour, Liu Qian and Tang Kai had smoothly completed all the procedures for setting up a factory.
Having paid the full ’equipment and service fee’, purchased the factory site, the next step is to wait for the approval process. This approval process does not require Liu Qian and others to carry out by themselves, but involves a series of legal procedures such as equipment application, site transfer, etc., within the Myanmar Bank Group.
Three days later.
The two of them could obtain all the necessary permits to officially start the construction of a factory. The whole project would require a minimum of one and a half months to be up and running, which is incredibly fast. Thinking about it, it’s no wonder.
As long as the steel structure factory building is constructed at a designated location, and the ground hardening and equipment installation holes are well done, all kinds of equipment are ready. Coupled with the high efficiency installation and debugging of fighters, as well as the resource allocation system in the territory, which is as unified as a rope.
Everything can be completed at an incredible speed.
Even in domestic settings, such speed is unattainable. For such a large factory, one round of approval alone will take several months, not to mention the construction of the factory area. If equipment is imported, it would take time for reservation and lengthy sea transportation.
Finally, after installation, debugging, trial production, and personnel training, the factory is ready to operate.
One year, that’s quite an optimistic estimate.
"Brother Tang, is this their usual efficiency for building a factory?" After the staff explained, Liu Qian was a bit stunned. In his view, it would take at least five to six months but this speed of a month and a half seemed like child’s play.
"Don’t worry, President Liu. It will take as long as they say it will. You will gradually discover that what you consider to be problems will not be problems as long as they want to do it, and the speed can exceed your imagination." Tang Kai was very satisfied with Liu Qian’s expression. He, too, had been surprised at the speed of progress.
"That’s good. It seems I need to hurry up and set up the company. Which country usually produces these equipments? Do we need to hire domestically?" Liu Qian asked again; he had forgotten to ask this earlier.
Tang Kai shook his head and said, "No need, haven’t you seen their charging content. They will train enough workers. Moreover, it seems these equipments have been improved. They are not highly intelligent, but they are definitely easy to operate.
With the Group’s targeted training, my factory does not need to hire domestically. I have simply recruited a few Thai and domestic managers to preside over it. The Sky Eye has always been watching here."
"That’s good. I will ask the Sky Eye to recruit some experienced managers." Liu Qian, like Tang Kai, is now accustomed to using Sky Eye. He is looking forward to the day Sky Eye launches a annual membership, he will definitely get one.
"Hmm, you can stay in the villa for the next few days. I have to go back to Bangkok once, and then we will go back to Qingyan City."
"Okay."
........
Just as Tang Kai and Liu Qian returned to the villa.
Myanmar.
Yangon.
In the office of Lang Cai.
Having just understood the operating mode of the Myanmar Bank Group, Lang Cai found the situation quite fantastic.
He had previously thought that the Myanmar Bank Group was just a tool in Ling’s hands, a tool for legally printing money, and did not think much of it. But now that ten days had passed since the establishment of the ’Myanmar Economic Zone’.
Ten days.
His subordinates could freely enter there.
The vast amount of information collected eventually ended up with him.
Other than that, the people are living happily, the public security is surprisingly good, the execution efficiency is high, and the infrastructure is well-prepared. He could accept Ling’s technical strength, as Ling had warned him in advance.
But he simply cannot accept something.
The Myanmar Bank Group actually has so many resources under its control, which makes the management of the Special Zone virtually nominal. This is the most critical issue, the meaning of which he didn’t want to think deeply about.
He immediately called Ling.
Guesses will always be guesses, he needs to hear Ling’s explanation before making a decision, otherwise it would be awkward to have misunderstanding. At their level, the impact of a misunderstanding can affect an entire country.
Soon.
The call connected.
"President Lang Cai, hello, how can I help you?" Ling’s cold voice sounded.
Lang Cai had grown accustomed to Ling’s tone and attitude, and he asked in a solemn voice: "Deputy Leader Ling, I want to ask why did you divide all the resources in the Special Zone to the Myanmar Bank Group. So many resources shouldn’t be held by one company, I want to know what’s going on."
Ling calmly explained: "We did this after careful consideration. When I collected foreign currency from the people before, I promised them that the value of the Asian Dollar will not experience massive devaluation.
Therefore, in order to maintain the value of the Asian Dollar, I moved all the resources to the Myanmar Bank Group, ensuring that the currency value of the Asian Dollar will be guaranteed for a considerable long period."
Lang Cai was speechless.
This reason seemed somewhat valid.
For money to hold value, it must have something to rely on, mainly a country’s credit, which comes from its resources – including natural land resources, human resources, technological resources, economic resources, etc.
Without resources recognized by the world, such money is like rootless duckweed.
Therefore, Ling’s argument seemed flawless.
However, 𝒏𝒐𝒗𝒑𝒖𝒃.𝙘𝒐𝒎
This method of operation is unprecedented. Myanmar Bank Group now holds the roles of both the central bank and the national credit bureau, with no such precedent in the world.
National credit is usually controlled by the government of that country or by a monopolistic capital group, such as in the United States. But there is yet to be a precedent where it is held by a single banking company.
"Deputy Leader Ling, but our Myanmar has already recognised the value of the Asia Dollar. It can be exchanged for the Myanmar Kyat. Isn’t that enough?
I think we should separate the resources of the Economic Special Zone from the Myanmar Bank Group and transfer them to the Special Zone Management Institution. Then, based on the credit of the Management Institution and the technology and businesses of the Myanmar Bank Group itself, we can issue the Asia Dollar." Lang Cai also took a step back, not insisting on transferring the technology and businesses to the Special Zone Management Institution.
If it were that way, Ling would certainly not agree.
But would Ling agree now?
Of course not.
This entirely new currency operation and ownership collateral model was set up personally by Tang Qing and needs to be persisted with. Ling did not even consider Lang Cai’s suggestion.
Directly rejected it.
"President Lang Cai, your proposal is impossible. Myanmar Bank Group is already on the right track and is integrated with the economy of the Special Zone. Current Asia Dollar is still fragile. Once we do this, it will be difficult to stabilize the value of the Asia Dollar.
You should know that our business range is wide. It’s not easy for merchants to accept the Asia Dollar. For instance, during this project bidding, many people did not accept the Asia Dollar as a settlement currency. So, we have to spend a lot of precious foreign currency resources.
A conservative estimate would not be less than 800 million U.S. dollars, which is also a heavy burden for us. Fortunately, there are some merchants who are willing to accept the Asia Dollar, which allows me to complete this round of bidding.
President Lang Cai, I also want to pay them Myanmar Kyat, but they will definitely not accept it, because we have virtually zero international purchasing power. If the Myanmar Bank Group is dismantled, it will seriously impact the future economic development of the Special Zone."
Ling spoke at length.
Leaving Lang Cai stunned.
This sentence completely disregards Myanmar’s international influence, or rather, the Myanmar Kyat has no international influence at all. The world’s reserve currencies have no place for the Myanmar Kyat. Even the RMB still has only a small share at this time.
Dollars, Euros, Yen, Pound Sterling, Swiss Franc, these are recognised by various countries and can buy what I have to sell.
What about Myanmar Kyat?
What is that?
Go play elsewhere. Who wants that thing, except some partners who already have trade relations with Myanmar?
Mocked so unhesitatingly by Ling.
Lang Cai felt a little embarrassed, and the momentum he had for questioning earlier disappeared.
Indeed.
The Myanmar Kyat does have a currency value, but it is not worth much. These three words perfectly describe the Myanmar Kyat. It has purchasing power within the country, and can also serve as a small amount of trade settlement currency among Southeast Asian countries.
If it goes any further.
No one will recognise your Myanmar Kyat.
Ling’s one move.
Left Lang Cai feeling gutted.
"Hiss..."
Lang Cai took a deep breath and quickly drank a cup of tea to calm down.
"Deputy Leader Ling, I am well aware of this. But I feel that the power of the Myanmar Bank Group is too great. It will be troublesome if it becomes uncontrollable in the future."
Lang Cai’s tone was much weaker.
Ling spoke firmly, "Rest assured, I’m the Chairman of the Myanmar Bank Group. As long as I’m here, the Myanmar Bank Group will never let that happen."
"..."
Lang Cai opened his mouth to ask what would happen if Ling weren’t there, but how could he say that? Isn’t that cursing him? Even if he wishes deep down for Ling not to be there, and for his own people to take over the Myanmar Economic Zone, he can’t say such things.
But he still had to argue, so Lang Cai continued, "Deputy Leader Ling, are you sure you can control the Myanmar Bank Group completely?"
"Yes, the purpose of the Myanmar Bank Group is to serve the development of the Special Zone, to ensure the safety of people’s property, and to position the Asia Dollar as a regional settlement currency. I hope that next time during the bidding, I will be able to use the Asia Dollar exclusively," Ling replied.
Lang Cai took another deep breath.
Complete usage of the Asia Dollar.
That represents that the currency is recognised by neighbouring or even more countries, something that the Myanmar Kyat cannot currently achieve. Even though the exchange rate of the Myanmar Kyat and the U.S. Dollar is established now, it is only for reference.
It is very difficult for someone to exchange the Myanmar Kyat for U.S. dollars in their own country, because Myanmar’s foreign exchange reserve is too small and its economy volume is not even one-tenth that of Thailand. So, it has to be this way, to protect its pitiful foreign exchange reserves in U.S. dollars.
"Deputy Leader Ling, why not help the Myanmar Kyat go global?" Lang Cai asked again.
"Unless I can control the Myanmar Kyat, within ten years, the status of the Myanmar Kyat will not change at all. So, I have to raise the status of the Asia Dollar. Otherwise, the economy of the Special Zone will be greatly affected," Ling responded straightforwardly.
"..."
Lang Cai had no more arguments.
The control over the Myanmar Kyat that Ling spoke of is not just that simple. It’s about becoming the helmsman, but is this possible?
Impossible.
