482. Chapter 482 Finally meeting the big guy who picks his feet 1
For several days in a row, the gold index, which had been weak for a long time, suddenly strengthened. Overnight, it soared by ten percentage points, reaching a high of US$1,300.
There was a knock on the door and Wang Donglin turned off the computer.
Zhang Xiang walked in and said, "Third Young Master, the meeting schedule for the day after tomorrow has been released. Please take a look."
Wang Donglin casually browsed through the dense itinerary, but what he had in mind was completely different.
"This is an important meeting, attended by three very important figures on Wall Street. They all issued very serious warnings about the Chinese economy, publicly claiming that it is a huge economic nuclear bomb, which will be very terrifying when it explodes..."
Wang Donglin smiled bitterly: Even the elites on Wall Street should never want to understand the real economic situation in China. This does not operate according to the laws of the market economy, but there are countless human factors in it.
Over the past few years, China has built a new skyscraper every five days, built 30 new airports and subway systems in 25 cities, built three of the world's longest bridges, and constructed more than 6,000 miles of high-speed rail.
, 26,000 miles of roads, commercial and residential properties developed on an incredible scale.
Even the ancient Egyptian pharaohs and Romans would be frightened by this kind of large-scale construction project.
The shadow of shadow banking lingers, local debts are highly accumulated, land finance has reached a dead end, cheap raw material resources have been sold to a certain extent, and copycats are rampant... What new situation will we enter next?
Most people realize there's a credit boom in China, but they don't know the scale. When this all started in 2008, the size of credit in China's banking sector was about $10 trillion. Now it's $24 to $25 trillion.
.
This increase of $14 trillion to $15 trillion is equivalent to the entire size of the U.S. commercial banking sector, which took a century to build. So this means that China copied the entire U.S. system within five years.
is it possible?
Zhang Xiang said: "At the beginning of this year, a US$50 million coal mine bond failed to mature to repay investors, and about US$875 billion of other such products will mature in 2014. No one knows how to solve this problem.
Know."
This is the fundamental reason why the Wang family quickly withdrew from most of its industries.
The mountain rain is about to come and the wind fills the building.
Liu Daqing's actions did not start now. He was already preparing for it almost five years ago. In fact, it has nothing to do with anyone.
However, at this juncture, Lao Zhou would certainly feel unhappy.
"According to our investigation, Lao Zhou has contacted an underground company in the United States through various relationships, and the person in charge is Zhou Ting. Third Young Master, you see..."
That was a very simple report, and even with the Wang family's connections, they couldn't grasp the core points.
Lao Zhou suddenly became silent. It wasn't that he just gave up, but that a huge core storm was brewing.
Wang Donglin sighed and looked very heavy.
"Third Young Master, my wife has urged you several times to go to Switzerland as soon as possible."
Wang Donglin remained silent.
How could Zhang Xiang not know what he was thinking? He tentatively said: "Third Young Master, if you stay because of Miss Yan, you may be in some danger. The first priority is to leave early."
