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Chapter 740: Chapter 642 I Also Want a Loan (Subscription Requested!)_1
Huaxia.
In the upcoming decade or so.
What kind of development will it experience?
Tang Qing was well aware that if he did not take this golden opportunity as a Reincarnator, wasn’t it all a waste?
But he feared the hassle of doing it himself.
Now, delegating the work to Myanmar Bank Group was just perfect. After all, it’s all his own industry. He could boldly trail behind, reaping enormous benefits and enjoying many other advantages.
For instance, Ling’s unique identity.
He doesn’t have to worry about anyone coveting the assets of Myanmar Bank Group.
After all, Ling is the type of person who could make a phone call directly to the Ministry of Foreign Affairs of Huaxia, not only a foreign enterprise but also a foreign ’state-owned enterprise’. Who would dare to mess with it? Coupled with Myanmar Bank Group’s almost unlimited financial strength.
And the morally and legally justified technical support.
Making money couldn’t be easier.
The Myanmar Bank Group’s next goal is to achieve great development, and for the Asia Dollar to be recognised and accepted by more countries. Therefore, economic cooperation with Huaxia and even other countries is necessary.
Tang Qing doesn’t believe he could single-handedly challenge the Euro and the Dollar with Asia Dollars, let alone provoke the United States. That would be tantamount to gambling with the fate of the Asia Dollar- an absolute hellish difficulty.
Though he does have quite a lot of soldiers at his command.
They could only be used in critical moments, primarily for self-defense. He can’t just spark a trade conflict or scramble for currency rights and then send someone to the United States to start a fire or cause havoc. Does he really think they’re fools?
Therefore, a direct military confrontation is almost impossible.
Tang Qing would also prevent such a situation from happening. Fists can solve some problems, but not all of them. Once a direct confrontation occurs, it’s very likely to get out of hand, spiraling into the Third World War.
That’s something Tang Qing absolutely does not want to see, and no one else would either.
Tang Qing hates war.
Therefore.
Seeking allies nearby is a must.
Huaxia.
Thailand.
Laos.
...
All third-world countries could potentially be allies.
This time, letting the Myanmar Bank Group develop in Huaxia for profit is only a secondary goal. The main goal is to deepen economic cooperation with Huaxia in various fields.
Just like his previous plan to accelerate the construction of 4G networks domestically and even globally.
The plan was to establish a research institution, then cooperate with Huawei to jointly accelerate the establishment of commercial 4G networks. Now that Zhiya Research Center has been established, this plan naturally needs to be put into action.
Tang Qing could even carry out this plan independently, and many other plans too.
However.
The essence of cooperation lies in finding allies, sharing benefits while bearing risks together.
Tang Qing wants the Asia Dollar to ally with the RMB.
He must make concessions. He can’t monopolise the benefits, because no one likes a selfish ally.
In the many upcoming projects of the Myanmar Bank Group in Huaxia, having fifty-one percent of the absolute controlling rights is sufficient. Even making further concessions for some projects is fine, no big deal.
Just like his plan to co-develop the ’civil nuclear fission power station’ project with Huaxia, he needs to find a cover for it. This isn’t as simple as producing lighters or sausages.
Simply, a small research institution like his couldn’t possibly achieve such a groundbreaking achievement.
And he was seeking cooperation in Huaxia.
Establishing a joint venture.
He must cede control. For such matters of national nuclear security, no foreign company wanting a majority stake would be entertained by Huaxia, unless they manage to create controlled nuclear fusion technology.
Thus, for many projects, whether they are controlling or not controlling, doesn’t carry much significance.
Establishing connections and solidifying relations.
That’s the real priority.
What Tang Qing is seeking is the future of the Asia Dollar.
Even if he’s surrendering things worth thousands or even trillions of RMB, he will gain more in the future.
No investment.
No returns.
...
Upon hearing Ling’s words, Sun Jiang was taken aback.
Myanmar Bank Group is investing in mainland Huaxia? 𝒏𝒐𝙫𝙥𝙪𝙗.𝒄𝙤𝙢
He was not surprised by it, but why Ling wanted to bring it up separately, because Huaxia did not restrict foreign investment, as long as you are willing to come, Huaxia is very welcoming.
In other words, there must be some other purpose.
"Deputy Leader Ling, we in Huaxia have always welcomed foreign investors to invest in Huaxia." Sun Jiang tentatively said.
"We plan to invest in a wide range of sectors in Huaxia, involving many light, heavy industries as well as many high-tech industries, but this loan from Myanmar will all be used domestically in Myanmar, so, we are running a bit short on RMB," Ling revealed his intentions.
The meaning in his words was very clear.
I can’t touch Myanmar’s money, but I want to invest, but we don’t have enough RMB and want to borrow some from Huaxia.
Sun Jiang could not help but smile wryly.
Turns out it’s to borrow money.
What’s there to it.
Huaxia is not too interested in foreign businesses borrowing money generally, many so-called foreign businesses are out to make a quick buck and leave, or trying to get something for nothing, which is why domestically they detest this sort of thing.
Some foreign businesses come in, invest 10 million RMB, and then get a loan for the remaining 90 million.
But even a loan is fine.
As long as they repay it, if they can’t pay it back they have collateral.
But in order to attract investment, a lot of this money is guaranteed in the name of the local government, once it’s not repaid, not even a person can be found, so Huaxia does not oppose investment loans, as long as you have the ability to repay your debts, you can have as much as you want.
Does Myanmar Bank Group have the ability to repay debts?
That’s unquestionable.
Sun Jiang assured solemnly: "Deputy Leader Ling, rest assured, we trust in Myanmar Bank Group’s credit, may I ask how much you plan to invest with the loan, so I can report back domestically."
"One hundred and fifty billion RMB." Ling blurted out a figure.
"One hundred and fifty... what?" Sun Jiang was so shocked that he stood up straight.
He looked at Ling as if he was looking at a monster, and there was also surprise all over Meng Fan’s face.
My god.
Myanmar as a country only borrowed over a hundred billion RMB.
And you want to borrow one hundred and fifty billion.
Isn’t this asking too much?
"Mr. Sun, don’t misunderstand, of the one hundred billion, we will provide sufficient collateral, only fifty billion will be guaranteed by the credit of the Myanmar Bank Group, and all the money will be used exclusively for projects within Huaxia." Ling immediately explained.
In case Sun Jiang misunderstood that all of them are credit loans, then that would really be an excessive demand.
Upon hearing this, Sun Jiang.
Sat back down in his seat.
His heart calmed down.
It’s not a case of borrowing money without promise.
With one hundred billion as collateral, a loan of fifty billion RMB is not entirely out of the question, and negotiations naturally involve a process of bargaining, the final amount of this loan still needs to be discussed.
"Deputy Leader Ling, you scared me to death just now, I will report this when I go back, but if you do this, the people in Yangon..." Sun Jiang hesitated to say, Myanmar had just borrowed over a hundred billion, you are also borrowing over a hundred billion, and it’s used to invest in domestic projects in Huaxia, wouldn’t President Lang Cai be furious?
"Don’t worry about that, I will convince President Lang Cai." Ling replied firmly, now that the command room has a basic grasp of Lang Cai’s character, it won’t be too difficult to persuade him, as for how to convince him, of course it will be made up.
"That’s good, what projects is Myanmar Bank Group prepared to invest in?" Sun Jiang asked curiously, what exactly is the project that has Ling so optimistic about the domestic market in Huaxia to invest so much?
"That’s hard to say, for investment, of course we want to make money, but don’t worry, our main focus will be investing in industry and high-tech fields, we don’t have any other conditions, whether there are any tax incentives or not doesn’t matter, we just want to find an investment channel." Ling said.
What else can Sun Jiang say?
He can only go back and report, after all, the loan between the two countries, especially a secured loan, there’s no fear of defaulting, as long as the investment is in the country, there is no such thing as a loss.
All the money is circulating in Huaxia’s market.
For Huaxia, it’s all beneficial and has no harm, as long as Ling can convince Lang Cai, it’s basically impossible for Huaxia to reject it, at most, they’ll reduce the amount a little.
Sun Jiang said, "Deputy Leader Ling, I’ll report back to our country as soon as I get back, but this matter must have the agreement of President Lang Cai, and even if President Lang Cai agrees, I can’t guarantee the amount."
This preventive injection is still necessary, he doesn’t have the qualification to make any promise.
"I know, I’ll give you an answer before I go to Huaxia." Ling nodded in reply.
"Good, I’ll wait for your news."
Soon.
This meeting came to an end.
Both sides achieved their objectives.
Only, Sun Jiang felt a bit torn, he always felt like he had been extorted, but it’s not like there was any actual extortion, it was all a matter of RMB assets, Myanmar Bank Group couldn’t possibly take the money and run, and they didn’t seem like the type to default on their debts.
However.
If you add up the loans from both sides.
It would really shock the world.
