My Fintech Empire

Because of the rise of the Qunxing Group, the entire economic market of Dongda is equivalent to 2025 compared with Fang Hong's previous life, which also brings a new problem, that is, how to digest the huge production capacity needs to be solved urgently.

You must know that in 2019, Fang Hong's previous life, Dongda's industrial output value accounted for about 30% of the world. With this proportion, its overcapacity problem cannot be ignored.

And in this life, it has directly reached a proportion of more than 41%. How to digest this huge production capacity is also a big deal and something that cannot be avoided.

In order to avoid excessive involution, the answer is to go out.

This point was thought of by Guo Jia's senior management as early as ten years ago, so the Belt and Road strategy came into being.

However, the senior management did not expect that the industrial scale output value would account for more than 41% in ten years, and through the Belt and Road strategy, go out and transport huge production capacity to the areas along the Belt and Road.

The regions along the Belt and Road are in urgent need of development, and there is a huge demand for industrial manufacturing products. The population has reached about 3 billion, and the world of Ishtar alone has 1.5 billion people.

To put it bluntly, this huge population of 3 billion is also eager to survive, develop, and live a better and higher quality life, but they themselves have no industrial capacity and are even in turmoil.

To live a modern and high-quality life, a large number of industrial manufacturing products are necessary.

Moreover, most of the countries along the Belt and Road are resource-based countries, but they themselves have no industrial capacity, and the Eastern Power is the largest industrial manufacturing country in human history.

The two are perfectly complementary.

Dongda exports its own manufacturing products to the Belt and Road. The locals have no money but they have resources. Then they can sell industrial raw materials and other natural resources to the Eastern Power for money, and then directly purchase industrial manufacturing products from the Eastern Power with money.

No start-up capital for development? It doesn't matter, just go to Dongda to lend them.

No ability to mine resources? It doesn't matter, just cooperate with Dongda's enterprises.

On one side, there are resources and huge demand for industrial manufacturing products, while on the other side, there is overcapacity in industrial manufacturing products but huge demand for resource energy and industrial raw materials. Isn't this complementary?

Therefore, the Belt and Road Initiative is the answer to solving the problem of industrial overcapacity.

The market size of Dongda itself is indeed extremely large, but such a huge capacity problem cannot be digested by its own internal circulation alone. It must have internal and external circulation, and the main line of the external circulation is the Belt and Road Initiative.

Anyone who dares to make trouble in the Belt and Road Initiative will be chopped off. All resistance and stumbling blocks will be ruthlessly eliminated by Dongda. No one can help, not even Amei. Amei will have to come.

Because this is the fundamental interest and core interest, there is no possibility of any concession or compromise. Sooner or later, Amei will be kicked out of the Middle East world, and this day will not be far away.

Otherwise, with Dongda's huge capacity, if it does not open up the Belt and Road Initiative, its own enterprises will be blown up.

In order to truly activate the internal circulation, there is only one real answer, which is to increase the income of the people, whether it is to increase wages or increase property income, in short, to make the people's wallets bulge.

If the people have no money in their hands and their wallets are empty, they will cut expenses, restrain consumption or even stop consumption, and consumption downgrade will become inevitable.

If everyone restrains consumption or even stops consumption, the goods will not be sold. Enterprises or merchants will reduce prices in order to promote sales and reduce inventory, but this price reduction is not a dividend brought by the improvement of technology and productivity, but a behavior of enterprises and merchants sacrificing their own profits to reduce losses and stop losses.

So the price war has become a red ocean, and prices are crazy. In this environment, companies will expand production capacity or even shrink production capacity. Once production capacity shrinks, they will not need so many employees, so they will lay off employees.

If employees lose their jobs, they will be even more afraid to consume, and the result is that the goods will be even more unsaleable, and enterprises or merchants will shrink production capacity and lay off employees to save money, so they fall into a vicious circle. If they do not change and let it evolve like this, the final result will be deflation, which is worse than inflation.

But if ordinary people have money in their hands and their wallets are full, it will be a different world and a different scene.

When you have money, consumption will inevitably upgrade. When you earn 3,000 yuan a month, you have to be careful when buying anything, and you have to pay for a mobile phone in installments. When you earn 30,000 yuan a month, as long as you don’t buy big items such as houses and cars, you will not deduct budget details for general consumer products, but focus on experience and whether you like it. If you like it, you will buy it directly.

When you earn 30,000 yuan a month, you can buy the top-end version of the STAR mobile phone, MIX head display, or Xingyu Technology’s family bucket products for tens of thousands of yuan without blinking an eye. This is consumption upgrading.

There is no upper limit to people’s needs. If it’s good, they will definitely want better, but the premise is that their wallets can support it.

Therefore, increasing the income of ordinary people is the correct answer to activate the internal circulation.

When everyone has money in their hands, it is inevitable that the quality of life will improve, then consumption will inevitably upgrade, and they will inevitably buy all kinds of things, and companies or businesses will not fall into internal competition, and they will not cut costs and lay off employees.

In fact, the huge real estate bubble is not a problem, and neither is the rising house prices. The root of the problem is that the growth of ordinary people’s income has lagged behind the rise in house prices.

House prices have increased tenfold in ten years, but if income has increased twentyfold in the past ten years, even if house prices have increased tenfold, it is still possible to afford them without much financial pressure.

It is no exaggeration to say that the economic growth rate in the past two years has returned to double-digit growth after nearly ten years, and the word "Qunxing" is absolutely indispensable.

In the past ten years, due to the birth and rise of Qunxing, the transformation and upgrading of the science and technology industry, the number of employees of Qunxing enterprises is calculated in "tens of millions", and behind the tens of millions of families is a population of hundreds of millions.

Employees of Qunxing generally have high incomes, which is actually a salary increase, that is, an increase in the primary distribution income.

Moreover, Qunxing Group is not a small workshop, and its influence and role on the entire economic market have reached a pivotal height.

In addition, the birth of the SGX market cannot be ignored, and it has directly brought a significant result, that is, the increase in the property income of the general public, especially since the second half of 2018.

You know, there are 165 million shareholders in the A-share market, and now there should be 170 million shareholders, and behind them are tens of millions of families.

In the past four years, the SGX 50 Index has risen from 1,000 points to over 6,000 points, allowing more than 70% of investors in this market to make profits and greatly increasing the property income of ordinary people.

This is equivalent to a redistribution of wealth, allowing most people to enjoy the dividends released by technological transformation and industrial upgrading.

Without the rise of the Qunxing Group and the birth and great success of the SGX market, could the total national consumption in 2019 reach 50 trillion? Could GDP return to double-digit growth again after a decade? Or growth that maintains both quantity and quality?

Today, the Qunxing Group has become a weather vane and barometer of the entire economic market.

It is no exaggeration to say that if the Qunxing Group sneezes today, the entire economic market will tremble. It is so powerful.

But it must be said that it is very critical that Guo Jia's team holds more than half of the shares of the Qunxing Group. Without this prerequisite, Qunxing would not be able to develop to its current scale.

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