Bian Zitang paused, and then asked: "We will not withdraw from Honggang? Is it possible to become stronger and bigger here?"
"Of course. I'm here. How can I leave without a world?"
Zhang Haidong lightly knocked on the table.
"You have to understand what economic release means. The whole world has been in lockdown for the past two years, but only China's supply chain has not had any problems.
In addition to the most cutting-edge technological products, China's entire manufacturing industry generally accounts for more than 62% of the world's total.
What does this data represent?
You must know that during World War I, Germany, the most powerful country at the time, had unprecedented power and only owned 30% of the world's manufacturing industry.
That strength is already number one in the world.
And now China is the heart of the world.
Once the big heart of China stops beating, there will be huge problems in the supply chain around the world, do you understand?"
Zhang Haidong asked.
Bian Zitang nodded thoughtfully, and then said: "What does that mean..."
"It means that in 2008, China simply did not have the strength and qualifications to compete with the United States or the world.
Therefore, we can only be forced to take over.
Under the crisis of the massive flooding of the US dollar in 2008, we could only release 4 trillion yuan of water for hedging, and then let everyone take over.
And the painful lesson from that time was: housing prices have skyrocketed.
Many real estate companies are playing with leverage crazily.
Understand.
But if the water was released last time and had to be picked up, then if it is picked up again this time, the people may not even be able to live in cages.
This is why in the past two years, China has been emphasizing deleveraging and compressing domestic economic bubbles.
This is to avoid a capital deficit and being forced to take over.
The whole world has been under blockade in the past two years, but even so, has China's exports declined?
No.
On the contrary, China's exports increased by 19%, a sharp year-on-year increase.
In foreign countries, supply chain problems have already occurred, and even refueling cannot be refueled.
Therefore, now the whole world is relying on China's manufacturing industry for supply.
China will definitely not accept the US dollar offer.
Seller’s market, do you understand?”
Zhang Haidong explained carefully again.
"I understand a small part of it. I still have questions."
Bian Zitang paused and then asked: "Now that the US dollar is draining and China's exports are still rising, how can we avoid taking over? And how will it affect the Hang Seng stock market?"
"If you understand the first part, it will be easier to understand the second part.
Since it is a seller's market now, it means that China has the right to speak and the initiative.
The U.S. dollar is depleted, and many buyers want to buy things with a lot of U.S. dollars in their hands.
But at this time, China began to limit power supply and production capacity.
I just don’t want companies to use low profits to occupy the market, but like companies like Apple and Qualcomm in the United States, maintain a certain level of profit to occupy the market.
Because China has the right to speak, can you understand?
If you are still rushing to work at this time, companies that export in large quantities and export at low prices will all be accomplices in harming China.
Buyers have a lot of dollars, but China's exports are limited.
In this way, profits were maintained.
And the dollars in the hands of those buyers have become a piece of waste paper.
China also avoided taking over the U.S. dollar."
"Oh I see.
What you mean is that it doesn’t matter if the U.S. dollar is drained, even if the U.S. dollar is integrated around the world, because the upstream of the industrial chain is with us.
We have a voice.
As long as we reduce exports, profits will continue to rise.
The dollars in the hands of those buyers can't buy anything, so they become a piece of waste paper.
This is why the Chinese currency has been rising against the US dollar.
Because the current Chinese currency is a harder currency than the US dollar.
In this way, China will not take over the U.S. dollar.
After the rest of the United States takes over the U.S. dollar, China will begin to liberalize its industrial chain.
Because the industrial chain has always been there, but production capacity is limited, China's manufacturing industry will still be able to occupy the world's market in the future, right?"
Bian Zitang said excitedly.
"That's right! Children can be taught!"
Zhang Haidong smiled: "Back to the last question.
Since China will not accept the loss of the US dollar, there is no need for the Chinese currency to depreciate.
And within a certain period of time, the Chinese currency will continue to appreciate against the US dollar.
Devaluation is needed to stimulate the economy.
Appreciation is the need to maintain profits and status.
In other words, within a certain period of time, China's economy will remain in a stable state rather than an explosive state.
To break out, you have to wait until you enter the high-end technology industry: such as chips.
In this case, without economic stimulus and a smooth transition, do you think the Hang Seng stock market will continue to rise?"
Zhang Haidong asked rhetorically.
"You mean...the current surge in the Hang Seng stock market is not about the depreciation of the Chinese currency to stimulate the previous surge?
why?"
Bian Zitang opened his mouth wide.
"There is only one possibility... You can't guess? Such a smart person!"
Zhang Haidong said with a smile.
"Ah? Someone is deliberately pushing up the Hang Seng market?"
Bian Zitang screamed.
"What kind of capital is so powerful! It can actually lift the entire Hang Seng stock market!"