This is the case in the manufacturing industry, especially electronic products. Prices will continue to fall and profits will continue to fall.
That’s why we need to upgrade the industry. How to upgrade? Invest in scientific research!
Any national science and technology enterprise that truly has ideas will make huge long-term investments in scientific research.
Comprador companies are an exception. I really don’t understand how a certain Midea company with a high debt ratio has a debt ratio of 90%, but its investment in scientific research is very low.
Later I realized that all the money went into private pockets. In listed companies, shareholders are like leeks and cannot be cut off.
Looking at the numbers on the report, Fang Zhe is quite satisfied. Feida’s annual scientific research investment is 20% of its profits.
This is not low, because the profits of current products are high, and MP3 has a profit of 30%.
Desktop computers have relatively low profits, while laptops have higher profits. No matter how discounted they are, the average profit of Feida notebooks is over 25%.
This is amazing. No matter what business you are doing, a profit of 15% is very high.
The current low profits are due to the war between Feida and Fantasy. If no one entered into a price war with other brands such as Fantasy, the profits could be even higher. Price wars are not unusual at all. Dell can do it.
Just rely on low prices.
A call came in, Fang Zhe picked it up and answered it. A teasing voice came from the phone: "I thought you were going back to Athens to watch the Olympics live." Hearing this voice, Fang Zhe laughed: "What do you mean, you are watching the Olympics in Athens?
"
"Of course, my American Express card can easily solve this problem. And didn't you say something about Greece? Let me take a look." Yun Jue on the phone was currently in front of the floor-to-ceiling window of the hotel, calling just to talk to Fang.
Let’s communicate.
If this country didn't come, it would definitely not be able to see the problem, so she came and saw with her own eyes the life of the Greek people.
Three days later, Yun Jue's mood was very complicated. Greece has never been a wealthy European country, and the social welfare here is not bad. The country's economy is not good, but it still provides high welfare, which is a problem.
"What did you see?" Fang Zhe laughed on the phone. This woman is a very thoughtful person, and her behavior is not strange.
"Leisurely, very leisurely. Well, people here have adapted to a leisurely life." Yun Jue concluded after observing for three days.
"Well, you can visit several countries in Southern Europe." Fang Zhe reminded with a smile.
"I will go. Let's have a good talk when I get back." After Yun Jue hung up the phone, she was not in a good mood. She was a professional, but she was criticized again and again by Fang Zhe, a "layman".
It's so uncomfortable to be crushed.
In fact, Yun Jue has always been very dissatisfied with Fang Zhe, especially because this guy refused to get married. She was so angry.
So, I really want to prove that I am better than him. But how can I put it, the reality is too cruel.
Fang Zhe mentioned the Euro and Europe before, focusing on several countries in Southern Europe that are not economically developed.
Yun Jue was a little disapproving at the time, but after she really took a look around, she believed it.
What can you say about the people in this country? They are so lazy. In the past, in the United States, I often heard that black people are poor because they are lazy.
After being influenced by Fang Zhe in various ways over the years, some changes have taken place in my ideas. If you say a person is about to starve to death, if you give him a mouthful of food and ask him to work, can he not do it? Is it okay for him to rush to do it? Africa
Many places suffer from years of famine.
Looking at Europe, in countries like Greece, it would be strange if problems don’t arise over time.
I didn’t even watch the Olympics anymore. Since Yun Jue came, I have been traveling to three countries in Southern Europe, including Spain and Portugal. It took ten days for Yun Jue to finish this trip.
When I returned to China, the Olympic Games were over. When I left the airport, I looked at the billboards erected on the roadside, advertising Feida Computers endorsed by Liu Feiren. Yun Jue had a hard-to-explain feeling that this guy had seized the opportunity again.
.
Yun Jue has become accustomed to thinking that all Fang Zhe's conclusions are the product of rational analysis.
Gu Gu
After all, the bets in several market operations were very large. This kind of thing cannot be entirely based on gambling. It must be the result of high probability after analysis.
If you rely on gambling every time, what is the difference between this and those leeks in the A-share market who listen to experts?
Fang Zhe was in the office. After receiving a call from Yun Jue, he saw that the time was running out, got up and went out without any bodyguards, and drove off by himself to Yun Jue's residence.
After resting for a day, Yun Jue's face looks much better. This refers to the fact that without makeup, makeup can turn ghosts into humans.
"When did you come back? Why didn't you call me to pick him up at the airport?" Fang Zhe's mouth was always so sweet, and Yun Jue was already immune to it. However, he still looked very docile, took the bag in Fang Zhe's hand, and squatted down.
Get him slippers.
Yun Jue lived alone in such a large villa. To be honest, she didn't want to live here, but she definitely had to live here when she came to Songjiang. Otherwise, why would she buy it? When Fang Zhe refused to live here and bought another house, Yun Jue
Jue completely gave up the original idea.
"I came back the day before yesterday. When I was jet-lagged, I was listless and looked ugly. Why did I ask you to come here?"
When Fang Zhe heard this, he couldn't help but look at her face: "It's no problem, she's still pretty, even without makeup. Not every woman dares to see people without makeup." Yun Jue felt so comfortable after saying this.
Apart from anything else, this guy has such a sweet mouth.
After the two sat down, Fang Zhe asked with a smile: "How is it? How do you feel?"
"I've been reading relevant research reports every day recently. The efficiency of Peak Fund's branch in London is so low that I want to quit them. Do you know how the reports they submitted evaluated several countries in Southern Europe? Overall,
, the world economy is on a stable and improving trend, and the British economy is increasingly less and less connected with Europe. This is specifically reflected in the fact that British products have no advantage or even a disadvantage in competition. The British advantage is the European financial center."
Yun Jue spoke unhappily, but Fang Zhe listened carefully. This was undoubtedly a very rough report. No wonder Yun Jue said the efficiency was low.
"It cannot be said that this conclusion is worthless. The most valuable thing here is the last sentence. Britain's advantage is finance, that is, the City of London. Finance is a service industry, which is reflected in GDP with less employment and large output value. Also because of finance
Due to its advantages, Britain can only keep up with the pace of the United States politically. Economically, it may be playing tricks."
"You may not know that when I was in London, I heard a group of people marching on the street demanding Brexit. It was hilarious!"
When Yun Jue said this disdainfully, Fang Zhe did not laugh along, but looked at her seriously: "Think again."
Yun Jue's expression slowly changed, becoming calmer little by little. He sat next to Fang Zhe, looked up, and was in a daze for a long time. When he lowered his head, he looked at Fang Zhe: "
You want to tell me that Britain has kept the pound and that Brexit is not a fantasy but something that is very possible?"
"Nothing in this world is static. To promote something, there must be interest factors. If someone is pushing for Brexit, it must mean that Brexit is beneficial to the promoter. The key to the EU is Germany and France. France
I hope that Europe will be politically unified. Germany is just the opposite. It would be great if the market is unified. The United States will never allow a unified Europe to emerge. This is in line with the British continental balancing policy. Countries dominated by financial capital affect the world economy.
It’s not about the actual products, it’s about the capital. The grass on the tomb of Silly Dam is one foot high.”
After hearing these words, Yun Jue's expression became very complicated, and he subconsciously asked: "These words of yours should be told to the superiors." Fang Zhe smiled and shook his head: "It's useless, I will just say a few words.
, the current textbooks in colleges and universities are all based on the Western economic theory. If you have not experienced the pain, any cry will be in vain. As far as theory is concerned, the Western liberal economic theory has been repeated for many years starting from Adam Smith.
All kinds of puddings."
"Didn't some people say that Adams' disciples had a false reputation?" Yun Jue naturally had to struggle in her own professional field.
Fang Zhi thought for a while and said: "Adam Smith made more people know about the theory of free economics. Many economics students in China regard it as the Bible and talk about the invisible hand. That's why some people question this as metaphysics. It is undeniable.
Yes, after hundreds of years of development and evolution, the vast majority of people in the world now believe this. From the perspective of personal success, Adam Smith is an outstanding leader. It is normal to have doubts when a person becomes famous. You have to look at it this way
The problem is, if one day, a country uses another system and another development path to develop the country to a point where it can threaten the world hegemon."
Yun Jue also laughed when he heard this: "Please wake up, let's go back to the euro issue."
"Okay, let's change our thinking. What should we look at? Look at the flow of capital. Think about a question first, what is the root cause of the Asian financial crisis?" Fang Zhe asked with a smile, and Yun Jue listened to this.
Fresh.
"No, it has been many years. With hindsight, Zhuge Liang has written so many related research articles. Why, you can still come up with new tricks?" Yun Jue used a mocking tone, and Fang Zhe shook his head with a smile: "I can't do it.
When I come up with new tricks, I just look at the flow of capital. I don’t understand economics, I’m a layman.”
"If you keep doing this, let's stop talking." Yun Jue was angry and felt that Fang Zhe was in a weird mood.
Fang Zhe smiled and did not continue. Instead, he stood up and made himself a cup of tea. Good guy, I haven’t even had a cup of tea since I entered the house. This woman must have done it on purpose. She has an aunt at home, and no one is here right now.
, probably going to buy groceries.
Yun Jue sat on the sofa and looked at Fang Zhe's back, wondering what on earth this guy wanted to express?
When Fang Zhe came back with the tea cup, Yun Jue gently kicked him with her foot and said, "Say."
Fang Zhe put down the tea cup, grabbed his feet, played with them, put them down again, and said, "You don't have athlete's foot, do you?"