When Du Baonian walked out of the Empire State Building, his mood was completely different from when he came.
The imperial court continued to maintain its policy of focusing on agriculture and prospered agricultural primary processing industries such as companies. Even if it was difficult to survive due to the bad environment, it would not go bankrupt.
Imperial Corporation went bankrupt, and it was fine not having any debt.
If there are liabilities, especially money owed to banks, shareholders and beneficiaries will be directly and unlimitedly pursued until the liabilities are repaid.
The hidden danger of company bankruptcy is too great. Unless businessmen have no choice but to do so, they will never let their companies go bankrupt.
A businessman who has been in the upper class often becomes penniless due to the bankruptcy of his company.
Du Baonian thought that his company went bankrupt and his status plummeted.
He no longer has a company, his influence has declined sharply, and he no longer has the status of a member of parliament.
He has become an idiot. Over the years in the business world, he has offended some people, and his opponents will definitely take revenge.
It will be difficult for him to keep the property in his name, and he may even bring trouble to his family and lose everything.
He may not even be able to find a job to satisfy his hunger.
Whenever he thinks about his fate when the company may go bankrupt, a chill rushes from the soles of his feet to the sky.
When Du Baonian returned home, he took out his collection of fine wine and prepared to have a few drinks.
He turned on the record player and listened to the storytelling "Shanghai Fengyun" while drinking.
This storytelling tells the story of Yang Wencai, Li Gong, Qiao Zhen, these great merchants who grew up with the empire, and the ups and downs of their lives.
Du Baonian also played a small supporting role in it. Looking back on his early life, he missed many opportunities.
The storytelling is telling the story of Emperor Su He's winter expedition to the East, and patriotic businessmen such as Qiao Zhen assisted in transporting grain and grass.
The story of transporting grain and grass through the ice of the Yellow River when the vehicle was damaged and the power was insufficient.
Whenever Du Baonian thinks of this incident, he sighs endlessly.
Qiao Zhen and others had put all their wealth and lives into it.
Emperor Su He can naturally tell which businessmen are sincerely supportive.
With these experiences, Qiao Zhen and others will develop smoothly.
Emperor Su He would always take Longchang cars. Many official cars used by the government were cars produced by Longchang Company. This was definitely not something ordinary businessmen could do.
Du Baonian learned in advance that the court was going to issue new policies, and he has been paying attention to this matter.
He no longer asked his assistants to select important reports, but read the mainstream newspapers in the empire himself. He did not want to miss this important moment.
On the 25th, there was no news at all in the newspapers, and Du Baonian didn't care at all.
On the 26th, there was no news at all in the newspapers. Du Baonian was a little anxious and went to visit his friend Li Gong.
He saw the businessmen attending the party, and some of them also came to visit Li Gong.
Especially those whose companies are about to go bankrupt, they are like ants on a hot pot.
They have grabbed a life-saving straw and tried their best not to give up.
Li Gong knew Du Baonian's origins without asking.
He comforted him with a smile on his face: "Brother Du, don't be anxious.
As far as I know, the relevant policies will be announced before the year.
Your Majesty’s idea is to let the people of the empire have a good year.”
When Du Baonian heard the news, he exchanged a few words with Li Gong and returned home.
On the 27th, there was still no movement from the court.
Du Baonian was extremely uneasy. He was worried about whether Li Gong's source of information was wrong.
The phone at his home was ringing constantly, and many businessmen were discussing the matter with him.
When Du Baonian received this kind of call, he was very helpless.
He is not stupid, these people obviously want to use him as a gunman.
Relying on his good relationship with Li Gong, he wanted to get more information from Li Gong through him.
Du Baonian took out a small notebook and wrote down the names of these people one by one. These people must not be close friends.
They are all unfamiliar white-eyed wolves and can backstab at any time.
Du Baonian's prosperous company can still survive now, and he is not as anxious as some businessmen.
Even at the most critical moment, he stockpiled a large number of farms in Nanyang and other places.
The emergence of the lowest purchase price for agricultural products in the empire means that agriculture is at least not a loss-making business and the value of these farms is very high.
It's just that Du Baonian didn't want to go to this point.
The more than 800,000 acres of land he owns in Southeast Asia, Siam, Myanmar, and India are important assets that can be passed down to the family for hundreds of years.
He has given a lot of land and wind to his children, using them to isolate the risks that may arise from the bankruptcy of a prosperous company.
But when his children are not fully fledged and unable to hold on to their property, he must not let anything happen to him.
Du Baonian kept drinking himself drunk with the fine wine he collected, so that he no longer thought about these things.
He fell asleep drunkenly, ignoring the ringing phone calls, and he didn't want to meet the short-sighted people in his family.
On the morning of the 28th, Du Baonian opened his eyes with some pain, feeling very bad about his hangover.
He picked up the newspaper that his assistant had sorted.
The front page headline of "Yanhuang Daily" reported [The Empire's Ten-Year Plan for Industrial and Commercial Development].
When Du Baonian saw this content, his headache immediately improved. He picked up the newspaper with both hands and read it carefully.
The empire's new policy for industry and commerce is based on a ten-year cycle, and it is planned to take ten years to get the empire out of the haze of the economic crisis.
Du Baonian thought ten years was too long, but he later accepted it.
The empire's economic prosperity did not happen overnight. Now it has reached a low point. If it wants to recover, it will not be achieved in a short time.
The imperial court set up a ten-year cycle, which proves that the imperial court has realized the seriousness of the economic crisis.
The imperial court has no desire for quick success and is prepared to slowly repair the problems encountered.
Du Baonian thought of an article by a scholar he saw in the newspaper.
This unprecedented and huge change in industrialization will inevitably lead to the emergence of many problems.
It's just that due to industrialization, the empire's strength expanded rapidly and defeated all competitors.
The benefits brought by industrialization are also rising rapidly.
The benefits brought by growth mask the problems caused by industrialization.
With the emergence of the economic crisis, it is no longer possible for industrialization to increase several times every year as it did before.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Once the benefits of rapid growth stop, the contradictions accumulated in the industrialization process will explode.
This scholar believes that these previously unresolved contradictions are one of the important reasons for the economic crisis.
Du Baonian combined his experiences over the years and thought that what this scholar said was very good.
The imperial court was obviously aware of this situation and was prepared to spend ten years resolving the conflict.
Du Baonian read the relevant policy carefully. The main content of this new policy was the same as what Li Gong said.
The imperial court should support advanced production capacity and eliminate backward production capacity in the industrial field.
Du Baonian couldn't remember clearly. Was Li Gong talking about industry or production capacity?
Did Li Gong say something wrong, or did they understand it wrong.
But he saw the detailed rules issued by the imperial court. In a certain industry, there are both advanced production capacity and backward production capacity.
The newspaper cited the steel industry as an example, with large blast furnaces representing advanced production capacity.
Small steel plants privately build small blast furnaces for smelting pig iron and scrap steel. They have backward production capacity.
He first paid attention to the imperial court's positioning of the primary processing industry of agricultural products.
The detailed rules of the imperial court's new policy stipulate how many companies in the primary processing industry of agricultural products should be identified as having backward production capacity.
The company's technology is insufficient, and the agricultural products processed have many defects, which may cause food safety problems or waste of raw materials. These companies will be positioned as backward in production capacity.
Du Baonian wants to prosper the company, but his technology is definitely not leading because technology upgrades are too expensive.
Now looking at the imperial court’s thinking, they are preparing to eliminate companies with backward technology.
When Du Baonian saw this situation, he was already preparing to upgrade the technology of various factories under the company.
The court's new policy gave him enough confidence to be more certain about the future situation, and he did not have to worry about the sudden change in the court's trend.
Du Baonian had expectations for the future, so he dared to borrow money from banks and take advantage of this opportunity to develop Xingsheng Company.
The only thing he is worried about now is which university to purchase the technology for technological upgrades from.
He now has two choices, Taiyuan University or Huaxia University.
As the president of Shanxi Chamber of Commerce, their chamber of commerce has deep technical cooperation with Taiyuan University.
However, Taiyuan University was not one of the first three universities in the empire, its teaching staff was weak, and its research techniques may not satisfy Du Baonian.
Du Baonian was going to spend millions of taels of silver coins to upgrade the technology of the factory, and he would definitely choose the most advanced technology.
He has nothing to do with Hua Xia University, and now the court has announced the details of the new policy.
Strong businessmen do not want their companies to be rated as backward in production capacity.
For companies with backward production capacity, the court only gave them two choices.
The first option is to rely on your family's money, endure higher taxes, and continue to stay locally.
They can't even get a penny of loan from the bank.
In this case, no matter how rich your family background is, you will not be able to compete with similar companies.
The second option is to transfer industry to a place in the empire that has more favorable treatment for backward production capacity.
Du Baonian believed that the first option was to wait for death.
No matter how much money the family has, a company that loses its competitiveness will only have one end.
The second option is a helpless choice.
The industries selected by the imperial court were transferred to places where there was no way to develop industry based on local capabilities.
These places have major problems, both in terms of market and talent.
These places may not even be able to recruit qualified workers, and factories will need to start training workers again.
Once you go to these places, the company's development also has an invisible ceiling.
The company could only survive by relying on local trade protection, and it had lost the opportunity to compete with imperial companies.
After Du Baonian read the contents of the newspaper, he did not dare to make any mistakes.
These policies are the imperial court's plans for future industrial development.
Businessmen like them can only follow the trend. If they want to develop against the times, they simply cannot do it.
Du Baonian read all the policies of the imperial court and found that they were basically similar to what Li Gong said a few days ago.
From this we can see that Li Gong is well-informed.
After resisting the pressure for half a year, he finally saw the light of day and gained sufficient confidence in the future development of the company.
Du Baonian picked up the phone and called the company's HR director.
As soon as the call was connected, a frustrated voice came from the other side.
"Boss, are you going to fire me? I have expected this day."
When Du Baonian heard this, he was not surprised at all.
This is what generally happened after the economic crisis of the empire.
The company may go bankrupt at any time, the boss may become a pauper, and workers may be fired at any time regardless of their status.
It is precisely because of this panic that the factory's efficiency is extremely low.
Everyone is thinking about their own retreat, and those who have no retreat must be depressed.
Du Baonian laughed and said: "Look at today's newspaper, the situation has changed significantly and you will not be fired.
Your boss, I want to continue to expand the factory. Ask the engineers who were fired before if they are willing to come back.
You need to hire fifty more people. Fifty people may not be enough. A factory needs at least three to five people, and then hire two hundred engineers."
"Okay boss, I will take advantage of the Chinese New Year holiday to fill up the quota as soon as possible.
After the economic crisis, a large number of engineers became unemployed. If the boss is willing to recruit, it will be easy to recruit people."
The HR manager's tone of voice became more relaxed.
After he knew that he would not be expelled, the pressure in his heart immediately dissipated, and his mental outlook was completely different.
The reason why Du Baonian is so anxious is that he has realized that with the announcement of the court's new policies, companies with a certain amount of capital will choose the technology upgrade route.
This is the route that the imperial court wants major companies to choose, and it is also the most stable route in the future.
However, the initial investment is large and some small companies cannot afford it.
This situation will make engineers who have been frequently laid off before become the most popular products of major companies again.
This chapter is not over yet, please click on the next page to continue reading! Either he takes the opportunity to recruit engineers who meet the needs.
The factory does not have enough manpower to deal with machine problems, and even with technology upgrades, the machines cannot be used.
Du Baonian believes that such companies will definitely appear in the future.
This shows that the people behind the company do not have a long-term vision. They do not realize that new technologies require sufficient talents to manage them.
After Du Baonian finished dealing with what he thought was the most important thing now, he continued to read the contents of the newspaper.
According to past situations, every time the imperial court announced major policies, there would be scholars analyzing these policies in newspapers.
The contents of these scholars will teach Du Baonian new knowledge.
He saw the announcement in the newspaper from the Royal Academy of Sciences that they, together with Huaxia University and other universities in the empire, would hold a technology auction on the seventh day of the first lunar month.
They will follow past rules and publicly auction some new patents to outside companies.
When Du Baonian saw this news, he knew that this was the Royal Academy of Sciences and Huaxia University, the empire's top research institutions, who chose to hold technology auctions during the Chinese New Year holiday mainly to cooperate with the empire's new policies.
But this is completely a good opportunity for him.
He was worried that he would not have a chance at Huaxia University. If he could really take pictures of Huaxia University's technology, he would contact Huaxia University.
After getting in touch, it became much easier for him to purchase some technology from Huaxia University for factory upgrades.
The technology auction is also an opportunity for many companies in the empire to skyrocket.
Which company can really capture a technology that will have great development in the future, this company will definitely grow and develop.
Du Baonian thought that he had a good vision and he did not want to miss this opportunity.
