Reborn Industrial Tycoon

Chapter 371 A blockbuster (please subscribe)

In the 1980s and 1990s, the Maxim Restaurant on Chongwenmen West Street should be regarded as one of the fashion trendsetters in Beijing. At that time, Maxim Restaurant gathered the most fashionable people in Beijing, including Chinese and foreigners.

Before 1998, the Maxim restaurant still belonged to Mr. Pierre Cardin, the same Pierre Cardin who sold clothes.

In the mid-1980s, Pierre Cardin spent millions of dollars to buy the 14-year operating rights of Maxim's restaurant, which seemed very crazy at the time. After all, with China's consumption power at the time, who knows?

How long will it take to earn back this investment of millions of dollars?

However, this crazy behavior eventually brought rich rewards to Mr. Pierre Cardin, that is, Pierre Cardin's brand became China's top luxury brand.

Today's post-2000 generation may not be interested in this brand, and may even think it is a very low brand. However, in the 1990s, the status of the Pierre Cardin brand in China was equivalent to that of Hermès today.

Li Weidong took He Anan to Maxim Restaurant and ordered the signature Bordeaux wine foie gras and Burgundy baked snails.

Soon after, the dishes were served, and He Anan shouted happily: "I'm going to kill the local tycoon!" and then started to use the knife and fork.

With the consumption level of Maxim's restaurant, ordinary people's wages are definitely unaffordable. Foie gras and snails are all imported by air from France. They are absolute luxuries in China. Of course, only rich people can afford them.

After finishing the meal, He Anan said, "Do you have time on the second Sunday of next month?"

"What to do?" Li Weidong asked.

"My grandpa is celebrating his birthday, and I want to take you there by the way so that grandpa can meet you." He Anan said a little shyly.

"Your grandpa is celebrating his birthday, so your parents must be here!" Li Weidong asked subconsciously: "Are you taking me to meet my parents?"

He Anan lowered her head even more shyly, and said in an increasingly quiet voice: "In addition to my parents, my uncle and my aunt will also come."

"Okay, I will definitely go then." Li Weidong paused, then asked: "What do you think I should give him as a birthday gift?"

"Whatever, whatever comes to mind, he doesn't need anything anyway," He Anan said.

"Why don't you give me a golden longevity peach? I think this is the popular way for people in Hong Kong to celebrate their birthdays! It has a good meaning and is also valuable." Li Weidong asked with a smile.

"That's so vulgar!" He An'an curled her lips and continued: "Grandpa lives in a nursing home now. It's useless to ask for valuables. On the contrary, it's an eyesore."

Although He Anan didn't mention much about his family background, Li Weidong could also guess a rough idea. Li Weidong also knew that those who could live directly in the capital and enter a nursing home after retirement were not ordinary cadres, and they would definitely not be lacking in material terms.

If you just give some valuable items such as gold, silver and jewelry, people may not really appreciate it. Instead, it will make Li Weidong look like a rich man who has no taste.

"How about I go buy some antiques, calligraphy and paintings, etc., and give them to his old man?" Li Weidong asked subconsciously.

"My grandpa doesn't care about those things! And he doesn't understand. If you give him antique calligraphy and painting, he will definitely donate it to the cultural relics department in the end! It's better not to spend that wasted money." He Anan said.

Many old revolutionaries were born in the military, like Li Yunlong, who was really good at fighting, but they couldn't understand elegant things like antiques, calligraphy and paintings. Giving antiques to them was simply a waste of natural resources.

"What should I give you?" Li Weidong thought for a while, and suddenly an idea flashed in his mind.

…

On the day of the symposium, someone specially brought Li Weidong to the meeting site.

This is a very ordinary reception room, with a circle of sofas and snacks and seasonal fresh fruits placed on the small table between the sofas.

When Li Weidong came to the reception room, he found two scholars-looking people already sitting there, looking at the documents in their hands.

Li Weidong didn't recognize them either, so he smiled and nodded at the two people as a greeting. However, the two people ignored Li Weidong and just stared at Li Weidong expressionlessly before continuing to read the documents in their hands.

These two people probably thought that Li Weidong, a young man in his twenties, was a staff member here and there was no need to pay attention to him at all.

Li Weidong also planned to learn how to use condoms with these people and ask what should be paid attention to when participating in this kind of symposium. However, seeing this scene, Li Weidong stopped putting his hot face on his cold butt and simply found a seat in the corner to sit down.

.

After a while, professors and scholars who participated in the symposium arrived one after another.

Among economists, there are not many scholars who can participate in this kind of think tank-level meeting. Among them, those who have relatively in-depth research on the Japanese economy can be counted on their fingers. Therefore, these scholars who come to participate in the symposium are very familiar with each other.

They all knew each other and started to say hello to each other after entering the door.

Only Li Weidong was a new face and no one knew him. What's more, Li Weidong was only twenty-five years old. He was definitely not a well-known scholar at such a young age.

Some people were also curious about Li Weidong's identity. One of the scholars asked the people around him: "Old Zhao, who is the young man sitting over there?"

"I don't know, he was already there when I arrived. Judging from his age, who brought the student here to listen, right?" Lao Du replied.

Another person next to him said: "I don't think it's like it. If you are a student, why would you be sitting on the sofa carefree? I think it may be a staff member here, such as a meeting recorder or something like that!"

Everyone had some guesses about Li Weidong's identity, but they all pretended to be scholars. No one went to ask Li Weidong, but absolutely no one expected that Li Weidong also came to attend the meeting.

This is what a "circle" is like. People in a circle gather together. If you are not from this circle, people will ignore you.

Li Weidong was left alone and felt at ease. He looked at the cherries in the fruit plate and thought they were quite sweet, so he simply picked up the cherries and ate them by himself.

After a while, the scholars arrived, but the meeting did not start because the leader had not arrived yet.

After everyone waited for more than twenty minutes, a middle-aged man wearing glasses walked in and said, "Teachers, I'm very sorry. The leader has some matters that haven't been dealt with yet, so I ask all teachers to wait a little longer.

Teachers, you might as well eat some fruit plates and snacks first, and I will inform you when the leaders come this way."

As soon as they heard that the leader would not be coming for a while, the scholars present stopped holding on to their airs and began to clear away the fruit plates and snacks around them.

After waiting for nearly an hour, the middle-aged man wearing glasses came to inform that the leader had already left.

There were specialized staff members who cleaned up the peels and other garbage, and some people also gave everyone wet towels. Everyone quickly wiped their hands clean, tidied up their manners, and prepared to welcome the arrival of the leader.

After a while, the old man appeared in the reception room.

Immediately afterwards, the leader shook hands with everyone one by one, and the middle-aged man wearing glasses introduced everyone to the leader.

"This is Professor Zhao Yue from the Central University of Finance and Economics."

"This is Professor Du Zhengliang from the Academy of Social Sciences."

"This is Professor Qian Aimin of Capital Technology and Business University!"

Finally, the middle-aged man wearing glasses introduced Li Weidong.

"This is Li Weidong, the director of Qinghe City Puppy Electrical Appliance Factory, the director of Fukang Agricultural Machinery Factory, and the chairman of the loader factory."

After hearing this introduction, the scholars attending the meeting were stunned, and then looked at Li Weidong in great surprise.

Everyone is a scholar studying economics, but Li Weidong is a businessman.

Huskies have joined the wolf pack again!

Moreover, Li Weidong's title is quite long. He is both the director of the factory and the chairman of the board, which sounds quite intimidating.

"This young man looks to be in his mid-twenties. How can he become the leader of three companies at such a young age? Is he a second generation?"

"Probably not. The second generation will either go to a company with a national prefix or a company in a monopoly industry. Why would they go to an electrical appliance factory, an agricultural machinery factory, or a loader factory?"

"Isn't our topic today going to discuss Japan's economic policy? Why would we find someone who makes electrical appliances and agricultural machinery?"

Several scholars discussed in very low voices.

These scholars will definitely have other identities, such as being established as the chairman of a certain association, but in this case, when introducing their identities, they will always mention the unit where they officially work.

Li Weidong is special. He is an entrepreneur and has three companies. It is difficult to distinguish between them, so the man with glasses mentioned all three companies.

After the introduction of the participants, the symposium officially began. These scholars and experts began to express their opinions and elaborate on their latest research results. The content was nothing more than what economic policies Japan has adopted in the recent period and what is the purpose of introducing new policies.

What impact will it have, etc.

The scholars were talking loudly one by one, while Li Weidong listened quietly. Anyway, he is not an economist and has no research results.

"The Japanese government began to levy land value tax in 1991, and at the same time increased the assessment tax of fixed assets tax. This tax is levied on the land retention link, with the purpose of curbing capital speculation in real estate. Currently, land price tax can only collect

I have been using it for more than a year and the results are good.

Since the issuance of the land price tax, Japan's housing prices have been in a relatively stable range. This shows that Japan's land price tax has indeed successfully inhibited capital speculation in real estate, and has also helped Japan to establish a stable and healthy real estate market!

"

The person who expressed this view was Professor Du Zhengliang of the Academy of Social Sciences, and his view was also recognized by other scholars.

People who follow a lot of self-media will think that Japan burst the real estate bubble in the 1980s and Japan's housing prices collapsed instantly, but this is not actually the case.

At that time, Japan's economy was developing rapidly, and Japanese decision-makers did not actually believe that there was a real estate bubble, but believed that Japan's real estate was just too prosperous. Therefore, the decision-makers adopted a tightening policy, which was actually considered an act of regulation.

However, after the introduction of tightening control policies, Japan's real estate did not collapse immediately, but did not continue to rise, and remained in a stable high price state for a long time.

This can be seen from Japan's GDP figures. Japan began to implement austerity policies to regulate real estate in the late 1980s. Since then, Japan's economy has not stagnated. Instead, it has increased from a three trillion dollar economy to a fifty thousand dollar economy.

billion dollar economy.

If Japan's real estate collapsed during this period, this kind of GDP growth would never occur.

You must know that the value of real estate in Tokyo at that time could buy half of the United States. If the real estate collapses, it will mean the shrinkage of social wealth, which will also drag down GDP. Naturally, GDP will not be able to grow rapidly.

If it is a developing small and medium-sized economy, housing prices may fall and GDP rise. Because the real estate value of this kind of economy is not high, and the economy is small, it can fully use the vigorous development of one or two industries.

, to offset the impact of the real estate crash on the economy.

But for a mature large economy like Japan, it is absolutely impossible for housing prices to collapse and GDP to surge at the same time. Because the Japanese economy is so large and its industries are already mature, there are not such large-scale new industries.

, to compensate for the impact of the real estate crash on the economy.

So the real situation is that after Japan adopted a series of tightening policies, Japan's housing prices did not collapse immediately, but entered a stable state, but this stability is a kind of stability with prices but no market.

That is to say, at that time, Japan's housing prices remained at a high level, but the transaction volume was very small. The middle class held real estate. Although it was very valuable, they could not sell it because the price was too high and there was no room for increase, so no one

Take over.

So in the early 1990s, those so-called failed real estate speculators in Japan were actually trapped.

Being trapped by real estate is different from being trapped by stocks. If you are trapped by stocks, although you will lose money, the stocks are still positive assets, and the stocks cannot fall into the negative. One million stocks can still be sold after losing 200,000.

Eight hundred thousand.

However, being stuck in real estate is different, because most people buy a house with a loan, which means that they have to repay the loan. Before the loan is repaid, the house is not yours, but the bank's.

If house prices do not rise and you have to keep repaying something that does not belong to you, then the house will become a negative equity.

What's more, in the era when Japan's real estate market was booming, many people borrowed loan sharks to speculate in real estate. When housing prices stopped rising, these people were the first to go bankrupt.

Since Japan adopted a tightening policy, Japan's housing prices have actually been relatively stable, with neither skyrocketing nor falling. However, due to the appreciation of the yen, Japan's housing prices have fallen when measured in US dollars.

Originally, real estate in Tokyo could buy half of the United States, but after the appreciation of the yen, it could only buy a quarter of the United States. Therefore, in the eyes of foreign economists, it was equivalent to Japan's real estate falling in half.

Therefore, international economists date the bursting of the Japanese real estate bubble to the late 1980s.

The housing prices that Japanese people experience are measured in Japanese yen. A house that was originally worth 100 million yen is now worth 100 million yen.

Since housing prices denominated in yen have not changed, the Japanese government continued to introduce various tight policies, such as land price tax, until the mid-1990s.

Thinking about it from another angle, the land price tax is to combat real estate speculation. If real estate really collapses, how can there be any speculation to combat?

Now when we look back at Japan's policies in response to the economic bubble, we will find that after Japan burst the real estate bubble in the late 1980s, it did not adopt policies to rescue the market. Instead, it continued to introduce some policies that were not conducive to real estate development. This is unreasonable.

In fact, it is due to the difference between U.S. dollar pricing and Japanese yen pricing.

However, in the eyes of many public figures in China, this was regarded as a brave act of scraping bones to heal wounds and rebuilding after breaking.

Anyone with a little bit of intelligence knows that the Japanese rulers are not fools. How could their own homes catch fire and add fuel to the fire? Aren't they afraid of burning themselves to death?

The collapse of Japanese real estate actually began after 1995, when the appreciation of the yen reached its peak, and then began to depreciate, and Japanese housing prices also began to fall. This is actually one of the manifestations of deflation.

Japan originally planned to gradually adjust its austerity policies, but the Asian financial crisis in 1998 dealt a heavy blow to the Japanese economy. The Japanese government was forced to cancel the land price tax, but it did not help.

Since then, Japan's real estate has truly collapsed, and Japan has never been able to climb out of the quagmire of deflation and has fallen into a liquidity trap.

…

Professor Du Zhengliang believes that the results of Japan's land price tax are good, helping to combat speculation and build a stable real estate market. This is also a common view among other scholars.

After listening, the leader nodded slightly, then looked at Li Weidong and said, "Chairman Li, what do you think about Japan's land price tax?"

"In front of all the teachers, I'm really embarrassed to try my best. My ideas are not very mature. Please give me some advice. I am a layman after all. Please don't mind if I am wrong."

Li Weidong paused and then said, "I think this land price tax can indeed combat speculation in a short period of time and stabilize Japan's real estate market. But it only treats the symptoms, not the root cause, and it can take as little as three years.

, in as long as five years, Japan’s real estate will inevitably collapse!”

As soon as Li Weidong said this, other scholars in the room showed mocking smiles, and some even sighed softly: "A layman is indeed a layman."

But the leader opened his mouth to smooth things over for Li Weidong: "As early as three years ago, Chairman Li had predicted that Japan would impose a land price tax in 1991, and he was right. Today you said that Japanese real estate will be in

The collapse in the next five years shouldn’t be untargeted, right?”

Li Weidong nodded: "Leader, I said that Japan's real estate will collapse, not only because the Japanese real estate industry is unhealthy, but also because Japan's entire economy is unhealthy, and real estate is only one aspect of it."

"What is unhealthy about Japan's economy? I think Japan's economy has begun to mature after adjustments." The speaker this time was Professor Zhao Yue from the University of Finance and Economics.

Just listen to Professor Zhao continue to say; "Starting in 1990, the Nikkei Index of the Japanese stock market fell from 39,000 points to 15,000 points. However, the Japanese government also introduced an interest rate cut policy, and the effect was remarkable. Currently, Japan's

The stock market has recovered to 19,000 points and is just around the corner to break through 20,000 points.

Chairman Li, our country’s stock market has just been established and is far less mature than developed countries, so you may not know much about the stock market index. For developed countries, the stock market is a barometer that reflects the economy, and the stock market index

The continuous increase means that the country’s economy is booming!”

But Li Weidong said: "Nineteen thousand points, then the Japanese stock market should have reached its end! I dare say that in the next twenty years, the Nikkei Index will not be as high as it is this year!"

Li Weidong's words are somewhat conservative. It will take 22 years for the Nikkei Index to surpass that of 1993.

But Coach Zhao had a disdainful expression on his face. He obviously felt that Li Weidong was just messing around.

The leader once again smoothed things over for Li Weidong: "Three years ago, when Japan was still raising interest rates continuously, Chairman Li had already predicted that Japan would start to lower interest rates in the second half of 1991, and would lower interest rates within four years.

Interest is reduced to zero interest rate.

At the time, I thought it was unlikely, but now two years have passed, and looking at the past several interest rate cuts in Japan and the magnitude of Jiangxi’s, it is not impossible to say that the interest rate is reduced to zero!”

The implication of the leader's words is that Li Weidong's predictions about Japan's economy are quite accurate.

"What a blind cat, it's a dead mouse!" Professor Zhao muttered in a low voice, a voice that probably only he could hear.

However, Li Weidong understood Professor Zhao's mouth shape.

Li Weidong knew that at this time, he could no longer hide his stupidity. Participating in such a think tank-level symposium, with leaders personally participating, may be a once-in-a-lifetime opportunity.

Li Weidong happened to meet Xiao Yuanzheng. Through various coincidences, he got this golden opportunity. He had to seize the opportunity and make a big splash, or at least leave a deep impression on the leaders.

So Li Weidong said, "Japan's economy is an overall structural problem. As long as this structural problem persists, the Japanese economy will fall into a liquidity trap sooner or later! So I judge that Japan's stock market will fall into decline in the next twenty years.

It’s hard to get better.”

Those present were all economists, and their understanding of liquidity traps was much better than that of Li Weidong.

Professor Qian Aimin of the Technology and Business University even said: "The liquidity trap is just a hypothesis put forward by the economist Keynes. Whether there is a liquidity trap in the world is still unknown."

Japan was the first country to fall into a liquidity trap, so before that, the liquidity trap was just an unproven theory in economics.

Professor Qian Aimin continued: "Japan is an economy of more than 4 trillion U.S. dollars, and its ability to withstand various economic risks is second only to the United States. Even if Japan today cannot return to the prosperity of the 1960s and 1970s,

But we will definitely not fall into a liquidity trap, as can be seen from the recovery of the Nikkei Index."

Li Weidong said: "The Nikkei Index is rising, but there is only a layer of window paper between it and the decline. Once there is an opportunity to pierce this layer of window paper, the Nikkei Index will once again repeat the 1990 plunge. Just like Japan

There’s a political party rotation!”

"Political party rotation? This is more unlikely than Japan falling into a liquidity trap!" Professor Zhao Yue showed a mocking expression without reservation.

"Yes, how could the Liberal Democratic Party lose power! Unless the sun rises from the west!" Professor Du Zhengliang also said with a smile.

Japan's Liberal Democratic Party has been firmly in control of Japan's political power since 1955, and other political parties cannot shake it.

The Liberal Democratic Party is the merger of the Liberal Party and the Democratic Party, and the Liberal Party came into power as early as 1948.

The predecessor of the Liberal Party is Japan's House of Nobles. The first Prime Minister of the Liberal Party, Shigeru Yoshida, served as the Prime Minister of Japan in 1946 as a member of the House of Nobles.

In other words, the ruling history of the Liberal Democratic Party can be traced back to 1946, just after World War II.

Therefore, Japan is the country least qualified to make irresponsible remarks on one-party dictatorship, because Japan itself is a country with one-party dictatorship. Moreover, Japan's one-party dictatorship lasts the longest among all countries in Asia.

It is also because the Liberal Democratic Party's ruling position in Japan is unshakable. When Li Weidong said that the Liberal Democratic Party would lose power and that there would be a political party rotation in Japan, everyone showed scorn.

At this time, Li Weidong, in the eyes of everyone, has become an ignorant young man trying to please others.

However, at this moment, someone suddenly pushed the door open and walked in. The person walked straight to the leader, whispered a few words in the leader's ear, and handed a document to the leader.

Everyone in the conference room fell silent instantly. He knew that this sudden report must be a national event, so he did not dare to disturb the leader from reading the documents.

The leader stared at the document and his expression became solemn. Then he raised his head and looked at Li Weidong with a surprised expression.

Li Weidong suddenly felt numb. He wanted to avoid the leader's eyes, but Chengfu, who had practiced in his previous life, still asked Li Weidong to pretend to be calm, and then showed a confident smile.

The next second, the leader sighed lightly and said, "The embassy in Japan has just sent news that the Haneda faction within the Liberal Democratic Party has defected and announced that it will break away from the Liberal Democratic Party and form a new party. The no-confidence motion of the Miyazawa cabinet has been dismissed."

The vote passed, Miyazawa will step down!"

After hearing the news, everyone's eyes also focused on Li Weidong.

The impossible thing was actually said by Li Weidong!

It’s really a blockbuster!

Thank you for your subscription. This chapter is almost 7,000 words long. I couldn’t stop it as I read it. I went back and read it again and found that it was not easy to divide it into chapters, so I combined it into two chapters. By the way, do you still have a guaranteed monthly pass?

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