Reborn in Hong Kong: The Tycoon Grows Up

Chapter 944 On the British Economy

In his previous life, Bao Zixuan had lived in England for many years and had some knowledge of British history. Even if you don’t understand it, you should know the development process of your company and the major events it has experienced.

After World War II, the world economic center began to shift to the United States. The British Empire is no longer the heroic spirit it once was, and its economy is in a precipitous decline. The British economy has even suffered from the so-called "British disease"; slow economic growth, frequent pound crises, and concurrent inflation and unemployment have led to a decline in British economic strength.

During the 31 years from 1948 to 1979, the average annual GDP growth rate was only 2.5%; far lower than that of Japan, West Germany, France and the United States. Its share in industrial production in the capitalist world dropped from 10.2% in 1948 to 4.3% in 1978; its share in world trade dropped from 12.4% to 6% during the same period.

In 1957, half of global trade was paid in pounds, but by 1977 it was only 20%; in the late 1950s, the pound accounted for one-third of the total monetary reserves of the capitalist world, but at the end of the 1970s it accounted for just over 1%. .

Iron Lady really came into its own in 1984, this year. During his more than nine years in office, the British economy has made great progress; it has achieved steady growth for eight consecutive years. The real annual growth rate of GDP from 1981 to 1986 averaged 3%, reaching 4.5% in 1987, ranking first among Western countries; the highest since 1973.

The Iron Lady passed a series of economic reforms, which were quite effective. However, freezing three feet doesn't happen in a day, and it's not that easy to reverse the situation all of a sudden. Domestic companies in the UK have problems with self-rescue, let alone allocating excess funds. Introducing foreign investment is the best choice, but anyone with a discerning eye knows that investing in the UK at this time is no different from falling into a trap.

The Iron Lady certainly knew the situation in the UK, otherwise she wouldn't have invited Bao Zixuan over to invest over and over again.

Although the British want Heiyun Group to invest, the core industries and companies will never be sold. For example, the Rolls-Royce engine manufacturing company where I worked in my previous life will not be sold to foreign companies under any circumstances.

Even if the Queen of England sells Buckingham Palace, she probably won’t sell this company, which shows its importance.

As for energy companies, the British government will not sell them. Compared with other industries, energy income is relatively stable, and there is currently no shortage of funds or other problems.

Counting and counting means that car companies may sell British cars, although they are high-end. But the output is really not flattering. Coupled with the backward marketing concept, the sales volume is a mess.

In the previous life, all British local car brands were basically acquired by the Germans. From this time on, with the rise of the German and Japanese automobile industries, life for British automobile factories became very difficult. In this world, the sudden rise of Heiyun Motors has made things even worse for the British automobile industry.

As the most popular automobile company in the world today, it is also a Hong Kong enterprise. In fact, it’s funny to say it. Although Heiyun Automobile is registered in the United States, all countries, including the United States, believe that Heiyun Automobile belongs to the category of Hong Kong enterprises.

Of course, it has a lot to do with the propaganda of well-intentioned people. After all, American companies will receive too much care. Now it is directly classified as a Hong Kong enterprise, and it will naturally be squeezed out.

Youde said with a smile: "Mr. Bao is a well-known entrepreneur and is world-famous for his control of the economy. Today I would like to treat it as a chat between friends. I would like to ask you privately what is ailing the British economy and how it needs to be adjusted."

"Although I am the Governor of Hong Kong now, I will not work in this position for too long. You should know that I am a diplomat. My main task as Governor of Hong Kong is to negotiate with mainland China. The Hong Kong issue will inevitably be resolved. When the time comes, My mission is over."

"The UK doesn't need too many diplomats now, but practical officials who understand economic development. If you don't want to return to the UK and take care of your retirement, you can only seek breakthroughs elsewhere."

"But I know how much I have, and I am not sensitive enough to control the economy. Taking office in Xiangjiang allowed me to see opportunities. There are too many talented people in the economic field here. Please humbly ask for advice and give me some face!"

"Especially driven by the Heiyun Group, the entire Hong Kong economy is growing at a rate visible to the naked eye every year. In comparison, the UK lags far behind."

"The workers here are harder-working than those in the UK, and they never complain. Moreover, the wages are not as good as those in the UK, which is relatively low. Compared with the two, the UK is completely backward."

"Although Prime Minister Thatcher has made many achievements in economic development since taking office, if the root cause of the problem is not solved, everything will be in vain."

"I may be an expert in politics and diplomacy; but when it comes to planning and economic development, you are definitely an expert. In order to avoid unemployment when I return to the UK, I specially invite you to come and talk to me about your views on the British economy. .”

Seeing the sincerity on the old man's face, he didn't even know if he might have been sold by someone in his previous life. Bao Zixuan has met too many politicians in this life, and of course he knows the little Jiujiu in their hearts.

But after all, Youde is also the governor of Xiangjiang. You must give the face you deserve. This is the most basic matter of courtesy.

Bao Zixuan: "Originally I am not qualified to evaluate British economic policy. After all, the people who formulate it must know better than me the direction in which Britain should develop."

"Since His Excellency the Governor said it was a private communication, let me express my personal opinion."

"After the Second World War, the British welfare system as a whole is a welfare-oriented system that emphasizes government-led welfare. It has a prominent internal contradiction; that is, it overemphasizes the use of state power and safeguards the principle of equality. It has made the British economy and society as well as the people Ideology has been seriously distorted; especially the heavy financial burden, which has increasingly become a huge obstacle for the government to revive the economy. After the Thatcher government came to power, privatization became a fundamental idea and direction for the reform of the social welfare system. The reform mainly involves housing, education, Three aspects of the social security system. Among them, the housing privatization policy is the most successful; the education system reform has mixed reputations; and the social security system reform has achieved little success."

"This is also the fundamental reason why the UK has changed a lot but its economic development has not achieved the expected results."

Any middle school student who has lived in the UK or studied this history will know about this past life. But speaking out now was definitely something ahead of its time, and it made Yoder Cottage suddenly open. At the same time, there was a strong sense of crisis and worry. The young man in front of him was really too scary.

If the other party does not understand the situation in the UK, it is impossible to analyze it so well.

When the question comes, it must be the result of comprehensive analysis of multiple sources of information and intelligence.

As expected, Bao Zixuan has planted commercial spies in the UK, or there are commercial spies cooperating with Heiyun Group. In fact, this is a normal thing. After all, the UK has deployed many intelligence agents around the world.

But Xiangjiang is just an overseas colony of the British Empire, and Bao Zixuan is just a businessman. He actually dared to plant a commercial spy in the UK. I don’t know who gave him the courage.

Yoder was a diplomat after all, and he had already reached the point where he could not express his emotions or anger. Therefore, in Bao Zixuan's view, the old man did not behave in any special way. However, the old boy has already kept the matter in mind, and must remind the relevant domestic departments if he has the opportunity.

This also brought a lot of trouble to Heiyun Group's past acquisitions in the UK, which Bao Zixuan definitely did not expect. A simple show off added a lot of workload to Heiyun Group. He is still too young, and compared with these old foxes, he is still far behind.

Yoder smiled and said: "It seems that I have asked the right person. If it were you, how should I solve these problems."

Bao Zixuan was constantly asking questions about the British economy, and at this time Bao Zixuan was also making a conspiracy in his mind. Is it possible that this old boy really wants to return to power in China?

Now that I have said it, there is nothing to hide. Instead of procrastinating, be direct.

Let Youde see his sincerity, which is also a good thing.

Bao Zixuan: "Reduce some social security subsidy standards; reform some practices of the social security system to make it more reasonable. Change the universality principle of the social security system and implement the selectivity principle; promote the privatization of social security."

Although it was just a few simple answers, each sentence was on point. It seems that the Black Cloud Group is not only placing spies into the UK, but is also seriously studying the British economy.

If this guy were British, with his talent, it would be impossible for the British Empire to rise here. But he belongs to Xiangjiang; this is a British colony that will soon leave in more than ten years.

Youde had mixed feelings in his heart, and he didn't know what to say for a moment.

I was really busy yesterday, so I'm very sorry; and thank you all for your continued support and love!

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