In fact, Niu Ruzheng didn't know that compared with the previous life, the situation in China is much better now.
Although the U.S. subprime debt crisis has spread around the world, China's small and medium-sized export companies have inevitably been affected, but this impact is still within control, unlike in previous lives where thousands were simply confused.
Thousands of small and medium-sized factories and enterprises have closed down, and the Pearl River Delta Economic Zone and the Yangtze River Delta Economic Zone are in mourning.
This is because Xiao Qi gave a warning in advance, and the Rising Sun commentator has published at least thirty articles since last year. The reference articles have put forward many very good suggestions on exports and the national economy and people's livelihood.
In addition, Niu Ruzheng and Yu Chengsheng were very convinced of Xiao Qi and Xiao Xu, so they also launched a lot of efforts, not only increasing support for small and medium-sized enterprises, but also putting the "x trillion revitalization plan" that might have been wasted
The situation was reversed, and hundreds of billions of dollars in Fannie Mae and Freddie Mac bonds were redeemed in advance, which greatly increased the country's financial ability to resist risks.
Therefore, even if the financial crisis breaks out severely, only more than 8,000 small and medium-sized enterprises in China have gone bankrupt, and more than 18,000 have successfully transformed with the help of the government. After receiving funding, they actively expanded their business scope and expanded into Europe.
There are more than 21,000 in Southeast Asia and African markets, which really shocked the financial experts in Europe and the United States.
But the current efforts do not mean that you can sit back and relax.
The ability of these small and medium-sized enterprises in China to resist risks is still very weak. If Europe experiences another economic shock like this, I am afraid that at least half of the factories will not be able to survive.
A country's planning cannot be to wait until problems arise and then deal with them according to the situation.
If you don't plan ahead and fully anticipate the difficulty of the situation, you'll be in dire straits when the time comes.
Niu Ruzheng has his own judgment. But after all, he is not a senior economist. As for the subprime mortgage crisis and financial crisis, even the people on Wall Street in the United States dare not say that they can accurately judge, let alone China.
Those so-called financial experts in China.
Therefore, a person with a clear financial world view and overall view is particularly important to Niu Ruzheng.
In Niu Ruzheng's eyes, Xiao Qi is such a genius.
Xiao Qi already knew this.
Even when the financial crisis broke out in the United States last September, Xiao Qi thought of what to say to Niu Ruzheng now.
You want to ask why Xiao Qi didn't tell him in advance and had to go to Niu Ruzheng to find him before he told Niu Ruzheng about the situation that Europe was about to face?
The reason is very simple.
If you are one step ahead, you are a genius. If you are too far ahead, you may be sent to the research platform.
When the financial crisis in the United States just broke out, Xiao Qi predicted to Niu Ruzheng what would happen in Europe. Do you think Niu Ruzheng should admire Xiao Qi, or should he feel horrified?
Even if Niu Ruzheng doesn’t think so, what about others?
It's not that Xiao Qi himself is afraid of anything. After all, he is now the richest man in the world, has huge assets at home and abroad, and has full world influence.
But his family and friends can't stand this pressure. If they are questioned and harassed every day, how can they live their lives?
Therefore, Xiao Qi would rather talk about it later. He cannot be so glorious and great.
"Uncle Niu, you want to ask me what situation Europe will face next, right?" Xiao Qi asked Niu Ruzhengdao harmoniously.
"yes."
"I have also read the comments of some foreign experts, and I have also learned about the economic development of Europe and the United States through Fairy Direct Stores and various channels. I feel that the European economy is not healthy. In fact, they are more dangerous than the United States now. Because
The two financial crises are not in the same category at all, let alone the same level!"
He came to Xiao Qi just because he wanted to hear different opinions from those experts. In this way, he could inspire himself and give himself more inspiration and thoughts on how to deal with the crisis.
"What is the subprime mortgage crisis in the United States? It means that people who are not qualified to buy houses have applied for loans through various illegal means. These loans have also been mortgaged by banks and financial companies in the secondary market and resold
Various banks and institutions." Xiao Qi said eloquently: "When the economic development is still good, those who are not qualified to buy a house will naturally be able to afford the monthly payments. Those institutions and banks that have purchased subprime bonds can also
They can earn income. But when the economy is in recession, people who buy houses can't even live, how can they afford to repay the loan? So they directly cut off the loan. Under such circumstances, the institutions and banks that purchased the subprime debt are now
All they had in it was a pile of waste paper, which immediately caused them huge losses.
This is the source of the entire subprime debt, and we can also see that the roots of subprime debt are only in the real estate and financial industries, and have not affected other heavy industry, breeding, agriculture, daily commodities and other industries in the United States. This
This is also the reason why, more than half a year after the financial crisis, the actual economy of the United States has not been severely affected. Under the pressure of the Federal Reserve’s quantitative easing, it has quickly shown signs of gaining a foothold!
But the crisis in Europe is completely different! This group of people, except for Germany, France and the United Kingdom, are almost lazy to the core! In the past ten or twenty years, they have not made any updates in their industries.
Without any outstanding efforts, foreign exchange income is getting lower and lower.
But correspondingly, their own expenses, especially the national welfare benefits, have not been canceled at all. What does that mean? If their people are unemployed, they can still live a good life basically relying on government subsidies.
The salary is even higher than that of many working people! In this case, in addition to Germany, which has high national quality and extremely developed industry, Switzerland and Sweden, which have good financial development, and Britain and France, which have heavy industry and technology industries,
Apart from being very good, people in other countries have naturally become slackers and rice bugs!
On the one hand, the country's income is not high, and on the other hand, the huge social welfare system needs to be supported, so what should they do? That is to borrow money! Keep borrowing money! And then use new debts to make up for the old debts... and this cycle continues.
Until now. Some banks in Europe are already showing signs of bankruptcy. Once they fail, the country's finances will inevitably suffer a huge impact, and the debt capital chain will be broken, and they will be completely dragged down by debt!"
Xiao Qi said a lot, and Niu Ruzheng's expression became more and more serious.
A group of experts have been discussing it for a long time, covering everything from finance to the real economy, but they have never discussed it from the aspect Xiao Qi mentioned.
No one has ever said that the national welfare system of European countries has such a big impact on the economy of the entire country.
"So, haven't they been walking on a tightrope all these years?" Niu Ruzheng said in disbelief, "How courageous are they?...Wait a minute, I remember that the EU's accession standards are very
Strict, right? If they all rely on borrowing money to live, how do they pass the requirements and enter the EU?"
"It's very simple. Borrow money to make accounts, just like when we deal with inspections here." Xiao Qi shrugged, "Uncle Niu, think about those companies that have suffered serious losses, what do they do when they want to get new loans?
How to do it, applied to these countries, is basically the same routine."
"Can you still do this?" Niu Ru was shocked, "This...isn't this making fun of national affairs? How could it be? Britain, France, Germany, Italy, Switzerland, Sweden...how could these countries not see it?"
"With Goldman Sachs, Bear Stearns, Merrill Lynch... these investment banking giants come to help with accounting, how could there be any flaws?" Xiao Qi said with a smile, "These investment banks are the source of financial evil, but it is undeniable that as long as you give them enough money,
, they dare to deceive even the US government, let alone the sponsoring countries of the European Union?"
"Isn't it too...random?"
Niu Ruzheng was rarely frightened several times and didn't know what to say.
"Uncle Niu, actually you don't have to be too surprised. Europe combined is only a little bigger than China. Many of these small European countries are not as big as our province. Is it strange that they make some false accounts?" Xiao Qi
Said, "The focus of our discussion is not that they made false accounts, but what serious consequences they will encounter under the background of the current financial crisis! This is what China should be wary of."
"The consequence..." Niu Ruzheng pondered for a moment, "is it a default on the country's sovereign debt, right?"
When it comes to this aspect, Niu Ruzheng must know.
Xiao Qi nodded and said: "That's right! I don't even tell you how serious a matter it is for a country to default on its debt. You don't know how serious it is. These countries in the Eurozone are not doing this one or two. If it becomes a large scale,
Do you think about what will happen to the Eurozone? To put it more exaggeratedly, it is not impossible that the Eurozone will collapse from now on, right?”
"The collapse of the Eurozone? Do you know what you are talking about?" Niu Ruzheng shook his head repeatedly, "How is this possible? This is the second largest economy in the world!"
"This is just my inference. I don't know whether it is true or not." Xiao Qi is telling lies with his eyes open. He can't tell everything accurately, can he?
"Well, although I don't know if things in the Eurozone are as serious as you said, but overall it seems to make some sense." Niu Ruzheng said solemnly, "In this way, after you go back, you can use the information you collected
Send it to me as soon as possible so that I can discuss it with experts."
"good!"
Xiao Qi readily agreed.
It may be difficult for others to find detailed information, but after knowing the results, it will be much easier to go back and find the information.
Xiao Qi has been prepared for a long time, and he is sure to convince the experts here!