The rise of great powers: starting from military industry

2007.

There was no new year, only a bitter winter, which made the whole world feel the chill.

When the festive atmosphere of the Spring Festival in China had not yet completely dissipated, the New York Stock Exchange in the United States encountered "Black Tuesday". The Dow Jones Industrial Average fell 546 points during the trading session and the closing decline was still 416.2 points.

Just when investors thought it was just an accident.

On March 13, the subprime mortgage crisis first affected the US stock market!

On that day, the second largest subprime mortgage company in the United States, New Century Financial Corporation, was suspended by the New York Stock Exchange due to its impending bankruptcy, causing the Dow Jones Industrial Average to plummet by 242.66 points.

Who would have thought that such a large company as New Century Financial Corporation would actually declare bankruptcy.

US stocks plummeted, with the Dow Jones Industrial Average falling 2%, the S\u0026P falling 2.04%, and the Nasdaq falling 2.15%.

Subsequently, New Century Financial Corporation applied to the court for bankruptcy protection, marking the beginning of the US subprime mortgage crisis.

After cutting half of its employees, New Century Financial still couldn't hold on and had to file for bankruptcy protection.

At this time, official data was released, showing that US existing home sales fell 8.4% in March.

This further caused panic in the market!

As S\u0026P downgraded its subprime mortgage bond rating, global financial markets fluctuated.

Bear Stearns' hedge fund was on the verge of collapse, and Macquarie Bank announced that investors in its two high-yield funds faced losses of more than 25%.

Subsequently, Bear Stearns said that the US credit market was in its worst state in 20 years, and European and American stock markets plummeted.

Turbine Specter, president of Bear Stearns, the fifth largest investment bank in the United States, resigned, and real estate investment trusts filed for bankruptcy protection one after another.

BNP Paribas, the largest bank in France, announced that it was involved in US subprime debt, and stock markets in most countries around the world fell, and metal, crude oil futures and spot gold prices plunged sharply.

The US subprime mortgage crisis spread, and the European Central Bank intervened.

Central banks around the world injected more than $326.2 billion in 48 hours to save the market.

The Federal Reserve injected $38 billion into banks three times a day to stabilize the market.

And the more unfavorable news came out, Wal-Mart and Home Depot and dozens of other companies announced that they suffered huge losses due to the subprime mortgage crisis.

This made the three major central banks of the United States, Europe and Japan inject more than 72 billion US dollars to rescue the market again.

It was also at this time that the short sellers began to trade the credit default swaps in their hands one after another.

This is also a heart-beating link. If the short sellers want to leave the market, they must complete the transaction before the bank goes bankrupt, otherwise the short sellers will explode on the spot with the bank.

Once the bank goes bankrupt, there will be no money to pay, and the investment will naturally go down the drain.

These short sellers finally left the market safely and made a lot of money.

A large amount of funds flowed out from the United States, Europe, South America, the Middle East, Japan, Australia, etc., either to offshore islands or to other places.

In this case, on June 28, Liu Tao arrived in Hong Kong.

This time he came to Hong Kong not specifically for the company's business, nor for this profit.

The most important thing is the celebration of the return of Hong Kong.

Like the National Day, the commemoration of the return of Hong Kong and Macau also adheres to the principle of a small celebration every five years and a big celebration every ten years!

Time flies, and it goes by in a blink of an eye.

This time coincides with the tenth anniversary!

After New Year's Day, all walks of life in Hong Kong began to plan and prepare for celebrations.

In June, even though it was affected by the US subprime mortgage crisis, the festive atmosphere was still strong.

This July 1st is both the Party Founding Day and the Return Day, and it is also on the weekend.

Panshan Group has also prepared a big gift!

That is the launching ceremony of the Type 003 aircraft carrier, which will also be held on July 1st.

It is very close from Hong Kong to Yangcheng Shipyard!

This time, the launching ceremony of the Type 003 aircraft carrier will be completely different from the past, and it will be broadcast live throughout the whole process.

For this celebration, the launching ceremony of the Type 003 aircraft carrier has been prepared for a long time.

It also emphasizes the importance of Hong Kong!

The itinerary in Hong Kong is very tight!

As for Hong Kong, there are also many celebrations arranged, including evening parties, music festivals, etc.

Of course, there is another highlight, which is the swearing-in of the new Hong Kong government team.

On the morning of July 1, after the national flag and the SAR flag were raised, a military parade was held.

Time seems to be a gear.

The Hong Kong Garrison, the ground force or the Tiger Brigade, this is a peculiar fate.

This honorary unit is a civilized and powerful unit. It is also the first combined brigade and the first heavy combined brigade. It is also known as the "Cradle of Combined Brigade"!

It is in this unit that the exploration of combined forces was opened, allowing China to know the future direction of military construction in advance.

A deputy platoon leader at that time has now grown into the brigade commander of this legendary unit.

Looking at this deterrent force, Liu Tao's eyes are full of emotion. After all, the origin between them is too deep and cannot be cut off.

The Hong Kong Garrison is also a civilized and powerful army. It shoulders the glorious mission of defending the security and dignity of the motherland, becoming the "stabilizing force" to maintain the long-term prosperity and stability of Hong Kong, and showing the world a good image of a powerful and civilized army.

The Hong Kong Garrison and the Macao Garrison rotate once a year, which is not a long time, but it is an honor that all armies compete for in the military.

Reviewing the troops is also a must-do activity during every celebration.

Then, Liu Tao and his team took a helicopter and took off directly from the Xiangjiang River to the Yangcheng Shipyard.

At this time, the Yangcheng Shipyard was full of colorful flags, gongs and drums, and dragon and lion dances.

The dock had already been covered and filled with water.

The Type 003 aircraft carrier, a steel behemoth, was presented to everyone.

The officers and soldiers of the Type 003 aircraft carrier and representatives of the construction project lined up in front of the aircraft carrier.

Although there were 4,000 people, the 4,000-person team seemed insignificant in front of the Type 003 aircraft carrier.

On the aircraft carrier, two red festive banners read: "Remember the original intention" and "Don't forget the mission"!

The launching and naming ceremony of the Type 003 aircraft carrier was very solemn and grand.

No one expected that China's aircraft carrier was not the Type 002B aircraft carrier, nor the legendary Type 002C aircraft carrier or Type 002D aircraft carrier, but a brand new Type 003 aircraft carrier!

Moreover, the Type 003 aircraft carrier is so huge. It is not a medium-sized aircraft carrier like the Type 002A aircraft carrier or the Type 002B aircraft carrier. It can be seen at a glance that it is a large aircraft carrier.

The name "Xiangjiang" fully shows the special feelings of the Chinese people for Xiangjiang, and it also has a very unique meaning.

The whole Xiangjiang and the whole of China are boiling because of the launching and naming ceremony of the Type 003 aircraft carrier.

Under the attention of the public, the Type 003 aircraft carrier sailed out of the dock under the action of tugboats.

The majestic military music, ribbons, and fireworks!

Coupled with today's unique day, the launching and naming ceremony of the Type 003 aircraft carrier is full of unique meanings.

Just when seeing the naming, netizens from other provinces felt complicated.

Before this, every time there was a discussion about the naming of aircraft carriers, netizens from various provinces would strive to compete for this honor.

Now we can only pin our hopes on the next aircraft carrier. (End of this chapter)