Chapter 504: The US Economy Is in Recession, and the Dragon Science Institute Chip Team Arrives in Shenzhen

"The bank needs reconciliation. Mr. Chen, I'd like to toast you with this glass of wine."

"I'd also like to toast Mr. Chen."

"I, Zhang Xiaowei, have never admired many people in my life. Mr. Chen, you can be considered one of them. If you are useful in any place in the future, just give me a call and I will definitely take care of you."

"We in Long Country are so lucky to have an entrepreneur like Mr. Chen. Mr. Chen, I also toast you. I'll do it, you can do whatever you want."

After Country Garden's debt contract was signed, the presidents of various banks looked at Chen Xing differently. Some were grateful, some admired, and some worshiped.

Anyone who has been in the banking system knows that bad debts can seriously affect your future.

If during your tenure, the accounts left by the previous president suddenly explode, as the first person responsible for taking over, your promotion path will basically come to an end.

But now, Countrywide is suddenly hit by a thunderstorm. If hundreds of billions of domestic debts are not handled properly, it will have an impact on both banks and home buyers.

Originally, these bank presidents had prepared for the worst, but unexpectedly, Chen Xing, the CEO of Longxing Group, a leading technology company, suddenly expressed his willingness to take on the corresponding debts.

What does it mean to assume corresponding debt?

Let’s not talk about anything else, but for these bank presidents, this is simply a ray of light in the dark night, lighting up the road ahead for them again!

Not only does it free them from responsibility, but it also allows unfinished real estate projects to restart. No matter how you look at it, Chen Xing is their savior.

If there weren't so many leaders here, they would all want to give Chen Xing a kiss.

"You're welcome."

Chen Xing raised his glass in response.

Seeing Chen Xing raising his glass, everyone else in the box also raised their glasses.

"I'd like to toast Mr. Chen."

"Mr. Chen is righteous."

"Mr. Chen is worthy of being a people's entrepreneur. This move not only saved Country Garden, but also thousands of property owners!"

"You're right, I'd like to toast Mr. Chen."

After a glass of wine, the dinner was coming to an end.

The presidents of various banks and the leadership teams from Shencheng, Guangfu, Chancheng and other places have all left, leaving only Chen Xing and Lei Bing.

"Is there anything else going on in the Lei Bureau?" Seeing that the other party had not left, Chen Xing asked proactively.

Seeing that only he and Chen Xing were left in the box, Lei Bing no longer remained silent, but asked: "What do you think about spending hundreds of billions to develop real estate?"

He was curious about why Chen Xing wanted to take over Country Garden's debt, and wanted to understand the man's deepest thoughts.

Now anyone with some economic common sense knows that the real estate economy has entered a downward trend and will become polarized in the future.

What is polarization?

To put it bluntly, properties in good locations will continue to rise, while properties with imperfect facilities will continue to fall.

During the previous wave of house buying, many people didn't look at the location. They just felt that if they didn't buy a house now, they would be less able to afford it in the future, so they took on a mortgage in a daze.

However, as the U.S. dollar increases interest rates and the global economy shrinks, real estate has accelerated into a weak state. Properties in poor locations can only be sold at reduced prices. This has led to the outrageous situation that after a few years of paying off the mortgage, the house price has been cut in half.

As for good properties in areas close to tertiary hospitals, prestigious schools, and the city center, there is no need to worry too much about falling prices. Not only will these high-quality properties not fall, they will even rise.

But most of Country Garden's properties are not located in the city center, tertiary hospitals, or in prestigious school districts. Lei Bing was very curious about what Chen Xing thought.

"Businessmen are chasing profits, what else can they think of this? Of course they are doing it to make money." Facing Lei Bing's question, Chen Xing responded with a calm smile.

"To make money?" Lei Bing shook his head and said in disbelief: "If this could make money, other real estate companies would have rushed to the end. It is impossible to make money."

"Just because they can't do it doesn't mean I can't do it."

"How to say?"

Chen Xing's words aroused Lei Bing's curiosity. He didn't think Chen Xing was bragging. Maybe there was a real mystery in it.

"The reason why other real estate companies dare not take over is because it has been difficult to sell new houses in recent years. They are not sure that they can sell all of them. If 100% of the houses are sold, they can make a profit."

“100% house sold?”

Lei Bing was stunned.

Chen Xing’s idea feels a bit naive!

According to his understanding, a housing project in the school district near Shencheng No. 2 Middle School went on sale last year. One year later, the home purchase rate was less than 60%, and almost half of the new houses were unpurchased. This shows how bad the real estate economy has become.

No one is buying the housing in the school district of Shencheng No. 2 Middle School. How can you, Chen Xing, guarantee that consumers will pay for the properties you sell?

"Yes, as long as all the houses are sold, I can make a lot of money."

Chen Xing nodded in confirmation.

"I'm curious, what can you do to sell out the house?" Lei Bing asked again.

"science and technology."

"science and technology?"

"That's right, it's technology!"

Chen Xing nodded slightly and explained: "People are lazy, and the development of science and technology is inseparable from the word laziness. For example, if you don't want to wash clothes, someone invented an automatic washing machine, and if you don't want to cook, pre-made vegetable bags and takeaways appeared."

"And what I want to do is to implement laziness to the end, so that home buyers can take laziness to a whole new level, and they don't even need to turn on the lights. There is also a professional term for this, called whole-house intelligence."

"this…"

"Well, I don't quite understand."

Seeing Chen Xing's promise, Lei Bing was relieved. The reason why he wanted to find out was that he wanted to know what medicine Chen Xing was selling in his gourd, and he also wanted to minimize Chen Xing's losses.

"You'll know when it's built. If you need it, I'll give you a 20% discount when the time comes." Chen Xing teased with a smile.

"We'll talk about it then, but then again, do you have anyone selected for the construction team?" Although Lei Bing no longer works in the Shencheng Land Bureau, he still has connections. As long as Chen Xing asks, he is willing to provide convenience.

"I am an outsider in real estate development, but I have found an expert. Li Jiacheng's son Li Zekai will be fully responsible for the development."

Chen Xing has always believed that professional matters should be left to professionals, and he only needs to grasp the general direction.

Many corporate bosses just like to show off their abilities. They want to point fingers at professionals in areas that they are obviously not good at. In the end, they can only make a difference.

Take the planning plan as an example. When Party A receives the first draft, Party A will often ask Party B to revise it repeatedly according to his or her own preferences.

It is said that it is a modification, but in fact it is just to show one's ability, to pick a bone in the egg, and toss around.

When the changes reach the point where the design is completely different, Party A will often feel that the first draft is very good and decide it as the final plan.

This is why experienced Party B will keep the first draft.

Compared with this kind of group boss, Chen Xing cares more about controlling the general direction. He only wants results and has full authority over the process.

When Lei Bing heard about Li Jiacheng, he frowned slightly and said, "You handed over the real estate to Li Jiacheng to develop it. Is this trustworthy?"

Li Jiacheng is really awesome. He has been the richest man in the Dragon Kingdom for more than ten years. He recognizes his ability.

Regardless of ability and vision, Lei Bing despised Li Jiacheng's actions.

If you want to ask who was the first real estate speculator in modern times, it was Li Jiacheng.

When Hong Kong Island's economy was in a downturn and real estate experienced an unprecedented plunge, Li Jiacheng hoarded a large amount of land and was not in a hurry to develop it, but squeezed toothpaste bit by bit.

Hong Kong Island is such a big place. After his operation, the house price immediately increased several times. He made a lot of money, but it was a hardship for the house buyers.

Faced with Lei Bing's concerns, Chen Xing had already thought of a solution.

"Only the development rights are given to them, and the supervision rights of acceptance and funds are given to my father, Chen Yapeng. Theoretically speaking, as long as my father does not collude with the Li family, there will be no major problems."

He doesn't dare to be careless about such a major project worth hundreds of billions.

After Chen Yapeng retreated to the second line, he has been in charge of the Longxing Group's infrastructure projects, leaving the real estate funding and acceptance work to him, which can be regarded as a specialization in the industry.

Moreover, Chen Yapeng had no reason to join forces with outsiders to defraud Longxing Group of money. His motive was simply not valid.

Even if he wants money, as long as he asks, Chen Xing can't refuse to give it.

In the absence of corruption motives, Chen Yapeng is in charge of acceptance inspection and fund positioning, and can also prevent illegal misappropriation of funds.

"Now that you have arranged everything, I can rest assured. If you encounter any difficult matters, you can come to me. I can still speak to you about real estate and land."

Lei Bing picked up the wine glass.

"Then thank Lei Ju first." Chen Xing also picked up the wine glass.

"clang--"

After clinking glasses, the drinks were drained in one gulp.

…

When Chen Xing was talking about the Country Garden real estate project and was in high spirits, Davidic, who was far away across the ocean, was depressed. The data given by financial institutions made him feel anxious.

Longxing Group has been listed for four days. Excluding Saturday and Sunday, there are only two trading days, and the funds involved in the speculation are as high as 2 trillion US dollars.

Notice!

It’s U.S. dollars, not Dragon Country coins!

Such a huge amount of funds will definitely require the participation of international capital.

According to data provided by JPMorgan Chase, international capital has invested at least US$400 billion in speculation on Longxing Group.

Where did this $400 billion come from?

It can only be rice stocks!

When the total economic volume remains unchanged, if international capital wants to invest in the Longguo stock market, it will inevitably take money from other places. However, the U.S. stock market is in a downward trend, so naturally this part of the capital will be withdrawn.

If it is the stock market of other countries, there may be retail investors taking over.

But the U.S. stock market has been open for too long, and few retail investors trade in stocks themselves. Instead, they hand over their funds to institutions and let them help with stock trading.

If the Longguo stock market is 90% retail investors and 10% institutions, then the US stock market is 90% institutions and 10% retail investors.

If institutions withdraw funds and run away, retail investors will naturally not be stupid enough to take over immediately.

The plummeting stock market and massive capital outflows have caused Davich to suffer, and the Rothschild family has also faced its most severe challenge.

If they lose this time, they will risk losing the Fed.

"What should we do now?" When Davich was anxious, he thought of Wei Yan.

Although he still couldn't completely trust Wei Yan, as a genius in the financial field, he could only ask him for his thoughts.

And on the other side.

Office of the Chief Analyst, Federal Reserve Bank of America.

Wei Yan stared closely at the market and silently analyzed in his mind: "Nasdaq is still falling. It seems that international capital no longer recognizes the technological status of the United States. If another strong dose of medicine is used, it may really bring down the US stock market."

As we all know, there are three major indexes of rice stocks, namely the Dow Jones Index, the S&P Index and the Nasdaq Index.

The Dow Jones Index was initially based on the stocks of 11 railroad companies, and later gradually expanded to include manufacturing, retail, pharmaceuticals, finance and other industries, representing American industry.

The S&P index includes the stocks of the top 500 companies in the United States. It is extensive. In simple terms, it represents the overall economy of the United States.

As for the Nasdaq index, it represents the technology companies in the United States.

Since the "Seven Sisters of American Stocks" came onto the historical stage, the United States has been recognized as the first technological power. The Nasdaq index, which represents American technology, has naturally risen rapidly.

But now!

The times have completely changed!

The Nasdaq index, which represents American technology, is falling, the Dow Jones index, which represents American industry, is falling, and even the S&P index, which reflects the overall economy of the United States, is falling.

What does this show?

Four words.

Economic recession!

Facts have proved that the United States is indeed in economic recession. The forged CPI, non-agricultural, and consumer data were the first drafts given by Wei Yan.

"Dinglingling——"

While Wei Yan was still analyzing the changes in the stock market, the internal phone on the desk rang.

He retracted his gaze, picked up the receiver and said, "I'm Wei Yan, please go."

"Come to my office."

Davich's slightly haggard voice came out.

Wei Yan immediately stood up and quickly responded, "I'll be there soon."

After hanging up the phone, he hurried to Davic's office without a moment's hesitation.

He knew that he had gradually gained the other party's trust. This time he specifically looked for him, probably to discuss solutions to the stock market crash or capital outflow.

...

"Dongdong——"

Davich's office door was not closed, and Wei Yan knocked on the door frame.

"Come in and close the door."

Davich said in a deep voice.

Just from his face, it was obvious that he was haggard. The "capital siphoning" of the Longguo stock market did pose a huge challenge to Jewish capital.

After closing the door, Wei Yan showed a worried look and asked directly: "Is it the stock market or the funds?"

"Both." Davic smiled bitterly and said helplessly: "Compared with the stock market crash, I am more worried about the outflow of funds. In the ten seconds we talked, it is conservatively estimated that tens of millions of US dollars have flowed out."

"International funds?"

"No, there are also local funds."

The United States is different from Longguo. It does not have foreign exchange controls, which means that American people can transfer money out at any time.

They didn't realize the seriousness of the matter before, but now they gradually discovered how terrible the outflow of funds is when there is no foreign exchange control and the market is in a downward trend.

"Is there any way to solve the problem of capital outflow?" Davic humbly asked for advice.

Wei Yan thought about it and responded: "With the current outflow speed, it is too late to implement the bill. The best way is to cheat."

"Cheat?"

Davic was puzzled.

"Yes, it's cheating." Wei Yan nodded slightly and said what he was thinking: "Remember the Asian Subdivision Act? It can come in handy now."

"You mean..." Davic paused and said uncertainly: "First, deduct their money and prevent it from flowing out?"

"No!"

Wei Yan shook his head and said calmly: "Not deducting it, but taking it for yourself. Don't we allow banks to go bankrupt here? We just need to follow the asset clues and bankrupt a few banks, and the problem of capital outflow will be solved for the most part."

"..."

Davic was silent.

When it comes to drugs, he really has to admit defeat.

But he did have this idea, because Asians are an unprotected vulnerable group in the United States. If the immigrant races in the United States are ranked, Asians can definitely be ranked at the bottom.

Watching Hollywood movies, you will know that white people are naturally superior, blacks are politically correct, and as for Asians, not only do they have to be made up with stereotypes, but they are generally not important roles, and they can't be given important roles.

"Will the impact be bad?"

Davic was a little hesitant.

Wei Yan chuckled and said, "It's enough that the rules allow it. Besides, you know that the Asian economic circle is rising this time. Do you think the money of these Asians will flow back to Asia, which they are more familiar with?"

"..."

Davic was silent again.

If you put yourself in his shoes, if he is an Asian immigrant, he came to the United States to earn the salary difference between the two countries. Now that the Asian economy has shown signs of rising, isn't it reasonable to invest the money earned in the United States back to his "hometown"?

"You are quite good at pretending."

Wei Yan looked at the tangled Davic and couldn't help complaining in his heart.

Ever since the subdivision bill was passed, he knew that the United States was going to make trouble. Now he brought it up, but he was just the villain.

"I'm thinking about it." Davic waved his hand, and Wei Yan continued with a look of affirmation: "You go back first."

"Then I'll go back first."

Wei Yan didn't stay either.

As soon as he left the office and closed the door, Davic had made up his mind and took out his mobile phone to ask someone to check which bank had the most Asian deposits.

Just as Wei Yan said, there is a high probability that Asian funds will flow back.

Rather than letting them flow back, it is better to take the initiative. Even if the interests of Asians are infringed, it will not cause much impact in the United States because no one cares about them.

…

The next day, at noon.

Shenzhen International Airport.

As the iron bird slowly landed, a group of "old men" dressed simply and looking like ordinary rural elderly people walked out of the first-class cabin, and the chief steward personally led the way.

"Finally I've arrived in Shenzhen. The last time I came here was in the 1990s. At that time, it was still a small fishing village. I didn't expect it to develop so fast."

"Who would have thought that among so many special economic zones, Shenzhen would take the lead? But Old Qu, is Gao Zhengqian really that amazing?"

"I'm more concerned about the ternary chip. I don't know if it's true or not."

"It doesn't seem very realistic. Even if it's true, it can't be produced in a short time. After all, it involves a ternary computer."

The conversation of these old people made the flight attendant ashamed.

She knew what the academicians talked about on a daily basis.

Qu Cheng, who was walking in front, with two big bags under his eyes and a slightly hunched body, listened to the conversation of the academicians and said without turning his head: "Whether Chief Gao is capable or not, you will know later. As for the ternary chip, I don't know, but it is likely to be true."

Qu Cheng had worked with Gao Zhengqian before, and he also knew the character of this top chip engineer. He really wouldn't brag.

"It's not a high probability, it's definitely true." Liu Dongsheng corrected.

He had also worked with Gao Zhengqian, and the two had designed storage chips together. He had a deep understanding of the strength of the "chief".

"Then we'll wait and see."

"I'm a little curious."

"Same."

Due to the introduction of the concept of ternary chips, the chip academicians of Longke Academy were collectively restless and wanted to come to Shenzhen to learn.

With Qin Long's permission, they also arrived in Shenzhen by special plane.

The chief flight attendant had just sent Qu Cheng to the airport gate, and six black and steady business-style pilot 001s had been waiting on the roadside for a long time.

"Get in the car."

Qu Cheng called out.

After the academicians got in the car one by one, the convoy began to move slowly.

When they arrived at the Bantian base of Longxing Group after a 20-minute drive, the guard immediately pressed the lift button.

The vehicle drove into the parking lot of the base, and Chen Xing had been waiting for a long time.

As soon as Qu Cheng got off the car, he raised his voice and greeted him: "Long time no see, Mr. Qu, you are still so strong."

"Haha, Mr. Chen, long time no see."

Qu Cheng responded with a smile.

The two shook hands, and Liu Dongsheng also approached and said: "Mr. Chen, how are you? Thank you for giving us a chance to learn."

"Academician Liu is polite. There is no such thing as learning or not learning. We are just exchanging academics with each other." Chen Xing responded calmly.

Qu Cheng and Liu Dongsheng were actually invited by Qin Long.

On the day of the Dragon Rising on February 2, Chen Xing proposed the concept of ternary chips to the outside world, and he warmly invited Chen Xing to meet at Longke Institute.

But Chen Xing was in a hurry to catch a plane at that time, so he declined.

Later, Qin Long explained the reason and expressed his hope to send a group of academicians to Longxing Group to learn ternary chip design. Chen Xing did not refuse, after all, the equipment for room-temperature superconducting materials was still borrowed from Longke Institute.

"Mr. Chen, let me introduce you to Wang Jie, the chip academician."

"This is Zhang Manman, also an academician in the field of semiconductor chips at our Longke Institute."

"Xu Weiguo, this is not a semiconductor academician, he is in the computer field, and he also wants to see the progress of the ternary system."

Qu Cheng introduced Chen Xing one by one.

Every time he read a name, Chen Xing shook hands and greeted him. After the two sides got to know each other briefly, he looked towards the R&D building and said:

"Since you are here for academic exchanges, let's not delay and go to the R&D building to talk slowly."

"Haha, okay."

"Please lead the way, Mr. Chen."

"As you say."

The academicians responded one after another.

Hearing this, Chen Xing also took a step and led the academicians to the R&D building.

On the chip design floor, Gao Zhengqian also stopped his work and asked his assistant to organize the relevant information of "Fuxi Chip".

"Chief, do we also need to organize the circuit component files of Fuxi Chip?"

The assistant asked.

Anyone who has used EDA chip design software knows that the working principle of chip circuit design is similar to building blocks.

First design the "building blocks", then reuse them, and finally build a complete chip circuit.

Therefore, it is not an exaggeration to say that the ternary circuit components are the most core.

"Let's sort them out first."

Gao Zhengqian responded.

Not only the chip laboratory, but also the team responsible for ternary programming, all the laboratory teams of the ternary project were notified by Chen Xing on WeChat, asking them to make time, and a group of academicians will come to exchange and learn in the afternoon.