Galaxy Technology Empire
Chapter 333 Bankruptcy
There is a lot of buzz in the country about vacuum railways.
At this moment, the stock market is in dire straits, and the chain reaction caused by General Motors has been suppressed by the intervention of the ten old men.
However, the Mi stock market and Xizhou stock market have been in a state of slump recently.
It’s not that the Shilaotouhui and Xizhou Alliance are not doing their best. They have worked very hard, but the lack of economic growth points has made it difficult to boost the entire market for a while.
Dongtang's economy has grown rapidly in the past few years, thanks to the emergence of high-tech technologies such as battery technology, chip technology, and holographic projection technology, which has triggered a series of technological revolutions.
Many economists have predicted that Dongtang's GDP may reach about 110 trillion Chinese yuan in 2019. If we add Dongdao's 6 trillion Mars currency, Colliers' 13 trillion Mars currency, and Xiangjiang's 2.5 trillion Mars currency, 400 billion yuan and 400 billion yuan in Australia.
The GDP of Dongtang plus the Galaxy Consortium will reach an astonishing 132 trillion yuan. Based on the current exchange rate, 132 trillion yuan is equivalent to about 18.8 trillion U.S. dollars.
Mi Lijia's economy is very likely to experience negative growth in 2019. Last year, their GDP was 18.69 trillion US dollars. It is thankful to be able to maintain this number this year.
In other words, the overall GDP of Dongtang plus the Galaxy Consortium will exceed that of Mi Lijia. However, Dongtang's GDP does not include Xiangjiang, Aojiang, and Dongdao.
Even if Dongtang calculated it himself, it still reached a scale of 15.7 trillion U.S. dollars.
Therefore, many economists are now very optimistic about Dongtang's future. If this trend continues, Dongtang's economic scale will reach 28 to 30 trillion US dollars around 2030.
In addition, Dongtang and Galaxy Consortium have recently promoted the internationalization of Huayuan/Mars coins in Southeast Asia to replace the international currency role of the U.S. dollar.
Although many Southeast Asian countries are reluctant to use Huayuan or Mars coins, they have to accept this fact for the sake of financial assistance and being able to enter the Eastern Tang market.
Now that the Mi Li family and the Xizhou Alliance are in a mess, their own economies are in shambles. It is simply wishful thinking to want them to come to save Southeast Asia. It would be better if they don't add insult to injury.
In addition, Dongtang and the Galaxy Consortium have another card in their hands, which is the desalination plant.
For example, in the Camel Kingdom of Saudi Arabia, they had to accept Hua Yuan and Mars currency, because the Eastern Tang Dynasty now pays Hua Yuan directly for oil purchases.
If they do not accept Chinese dollars, and the desalination plant only accepts Chinese dollars or Mars coins for payment, then they will not be able to buy desalination films and fresh water because they do not have Chinese dollars or Mars coins.
Therefore, countries with desalination plants must reserve a certain amount of Chinese dollars or Mars coins. Otherwise, they will have no money to pay when the time comes, and Dongyin Water will have no choice but to stop their water supply.
Especially those with big dogs need not only fresh water, but also holographic projection equipment, 6G communications, and other daily necessities.
The Hua Yuan has become more and more influential as an international currency. When the Hua Yuan becomes an international currency, it will be able to rake in the world openly.
…
Mi Li's home, General Motors headquarters.
William, Mu Youxiaoji and other senior officials were in a meeting looking exhausted.
"Mr. President, I'm very sorry! I went to many banks, but they were not willing to lend us a loan." Mu Youxiaoji said helplessly.
"It's the same here. All shareholders are planning to sell their shares. They are obviously planning to give up on General Motors." Another vice president said with a frown.
"Is General Motors really going to become history?" Chief Technology Officer Martin lamented.
William, whose eyes were bloodshot, slumped on his chair tiredly, listening to the bad news without saying a word.
"If we sell some of our fixed assets and lay off some of our employees, maybe we can temporarily alleviate our current predicament." One of the vice presidents suggested.
"This matter is very difficult. The workers are very dissatisfied now. If we really lay off employees, it may trigger a large-scale strike, which is too fatal for the current General Motors." Muyouxiaoji objected.
"But if we don't do this, what else can we do? Should we wait here to die?"
"If someone is willing to buy General Motors, maybe they can save General Motors."
"Stop joking, who has money now? Maybe those big dogs in West Asia have money, but they are not fools. They know it is a big pit, unless they have water in their heads."
As they were talking, a group of vice presidents started to quarrel. Everyone was very angry, and suddenly the conference room became noisy.
bump! William slammed the table hard and came over, yelling angrily: "That's enough, if you want to make a noise, go make a noise outside."
Everyone who was startled by William suddenly fell silent.
After a while, William, who had lost his temper, looked at everyone helplessly, and then said sadly:
“Get ready to file for bankruptcy with the court!”
"This..." Mu Youxiaoji opened his mouth, but in the end he was still speechless.
Others also bowed their heads in silence. They found it difficult to accept this result, but they had to face the reality.
They know that General Motors is dying unless someone is willing to acquire or inject capital. However, in the current environment, it is difficult for investors to take risks and invest in General Motors.
September 16th.
General Motors officially filed for bankruptcy in New York federal court.
This incident immediately triggered another decline in the US stock market. Although the ten old men would like to save General Motors, there is no way to save it now.
Soon a New York federal court approved General Motors' entry into bankruptcy liquidation.
This automobile giant, which has dominated the Mi Li family and the world for decades, finally failed to survive this crisis. General Motors, which collapsed suddenly, was not the first to fall, nor was it the last to fall.
As the only remaining member of the Mi Li family, Ford has received strong support from the Ten Old Men Association and has taken over a large part of General Motors' legacy, including the Super 500 battery technology and production line.
But Ford is not having a good time now. Although they have used policy protection to retain the MiLijia and part of the Xizhou Alliance markets, the markets in other regions have been steadily defeated by electric vehicles using Thor batteries.
Now Ford is treading on thin ice, fearing that if it is not careful, it will follow in the footsteps of General Motors.
The local market of Mi Lijia is also declining rapidly. After all, the current economic situation of Mi Lijia is not very good. People are unemployed on a large scale or their income has been reduced. Who is willing to buy a car without money.
Ford thought desperately in his heart: It's so difficult for me, God! Give me a hook!
Of course, Ford is not stubborn. They have planned to abandon the Super 500 battery and introduce Thor batteries to replace the Super 500 battery.
The so-called supply security issue, in the face of life and death, they have no choice.
As for the Super 500 battery like General Motors, Ford doesn't want to invest a lot of money only to be killed by Thor Battery. That would be a tragedy.
As long as Raytheon Electric Group is willing to supply Raytheon batteries, they will be more expensive. What’s more, the price of Raytheon 3 batteries has been reduced by 50%. At worst, we will use Raytheon 3 batteries that are a little behind.
As for the possibility of being scolded as a dog licker in China, Ford doesn't care. Life in Sydney is so smooth now. What's wrong with being a dog licker?
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