Cao Mo still wanted to go to Tianyue headquarters the next day, meet with the domestic team first, and then visit the properties recommended by Chen Chang in the afternoon in order to have a more intuitive impression of domestic real estate development and property market development.
, but as soon as she sat down in Song Yuqing's office and put her feet up on her desk, Ge Jun called.
Today, Dongjiang Securities happened to join several other securities companies in Xinhai and the financial media to hold an investment forum. Since Cao Mo returned to China to discuss investment matters, Ge Jun invited him to the scene to first feel the opinions of domestic scholars and senior practitioners on the current situation.
Cognition and judgment of economic and investment situations.
Cao Mo has never participated in similar activities. Ge Jun said that those invited to attend were all well-known domestic economists and senior practitioners, so he was somewhat interested.
Song Yuqing didn't like to appear in public, so Cao Mo grabbed Chen Feng and Zhou Han and drove directly to the International Convention Center where the economic forum was held.
The scale of this forum is quite large. There is a long section of Changyan Road where the International Conference Center is located. The lampposts on both sides hang the promotional banners of "2008 China Investors Forum Conference", and portraits of well-known guests who are invited to attend will also be followed.
Introductions are printed on it, there are several characters, and Cao Mo often sees their comment articles on some portal websites.
The event would be attended by officials from the Xinhai City Government, and arrangements had to be made before entering the parking lot. Cao Mo and the others did not have invitation letters, so they were stopped outside the gate by security guards.
Cao Mo was about to take out his cell phone to contact Ge Jun when he saw Chen Chang, wearing a magenta skirt, walking from the shade of the tree next to the gate and looking into the car hesitantly.
Cao Mo pressed down the car window and asked, "Why are you here?"
Chen Chang said: "The event is co-organized by Dongjiang Securities. I am a staff member - Mr. Ge. He is receiving the guests who have just arrived. He can't get away. He is afraid that you will not be able to enter the venue, so he asked me to wait for you here...
…”
The International Convention Center was relatively large, so Cao Mo, Chen Feng, and Zhou Han got out of the car and asked the driver to drive to the parking lot. But he had a headache on how to introduce Chen Feng, Zhou Han, and Chen Chang next.
Zhou Han was so eye-catching that Cao Mo didn't even need to have a keen intuition. When he saw the way Chen Chang looked at Zhou Han, he knew that she was speculating about his relationship with Zhou Han. He didn't know that she would not turn around.
Are you going to tip off Cheng Xi?
"Manager Chen, hello, I am Mr. Cao's assistant Zhou Han. This is the second time we have met. This is Chen Feng, the president of Tianyue Investment - we have been following Mr. Cao for several years." Zhou Han was stunned.
He generously extended his hand to Chen Chang and introduced Chen Feng as well.
The first time Chen Chang and Zhou Han met was on a cruise ship on the Qingtang River on New Year's Eve last year.
However, she had just broken up with Ding Xuerong at that time, and it was the most embarrassing time in her life to accompany her parents. In order to facilitate everyone to enjoy the night view, the lights on the cruise ship were dimmed, and Chen Chang really couldn't see Zhou Han's face clearly.
, and it didn’t leave any impression.
At this moment, Zhou Han, who had a face as big as a palm and exquisite features, stretched out his hand to her and said it was their second meeting. Chen Chang was stunned, unable to remember where they had met, thinking that the woman in front of him didn't look as good as
Cheng Xi is slightly worse, and her appearance is even more aggressive than Cheng Xi's calm personality. If I had met him before, how could I not have any impression of him?
"On the New Year's Eve cruise, Mr. Cao was relatively low-key at the time and didn't want to be too public. I could only pretend to be Mr. Cao's colleague at Dongsheng. Does Manager Chen still have an impression? That may be because I look too inconspicuous.
"Zhou Han saw the confusion in Chen Chang's eyes and continued to remind her with a smile.
Nimei, you are so inconspicuous, how many women in the world have to blind themselves with sulfuric acid?
"So, I just remembered that the light was too dark at that time. Don't talk about me. Cheng Xi didn't even see that Mr. Cao's colleague was so beautiful, right?" Chen Chang was also sharp-tongued and kept his expression calm.
He brought out Cheng Xi's name to see if the woman in front of him knew how deep the relationship between Cheng Xi and Cao Mo was.
"Let's go in, don't keep Mr. Ge waiting too long." Cao Mo urged everyone to go to the venue and not stand at the gate.
It was also a coincidence that as soon as I walked into the venue, I saw Zhou Bin from the Interbank Department of Xinlian Bank, who had just dined at the same table yesterday, walking in with a guest card hanging around his neck.
"Mr. Cao is also participating in today's forum activities. Will he give a keynote speech later?" Zhou Bin asked, stunned for a moment.
The level of the investment forum conference seems to be very high, but it is mainly attended by experts, scholars and senior practitioners. Real bosses with billions of dollars do not have rich theoretical experience and generally will not participate except in the opening or closing ceremonies.
Detailed discussions in the breakout sessions; of course, you won’t sit on the bench in the audience.
"I don't have any speeches, I just came here to feel the atmosphere. I rarely participate in domestic activities." Cao Mo said with a smile and introduced Chen Feng, Zhou Han and Chen Chang to Zhou Bin.
Cao Mo and the others stepped in temporarily to meet with Ge Jun. He didn't want to be insulted when he gave a speech or participated in a seminar. After saying hello, they went to the corner of the venue to find a seat and sit down.
I thought about it and asked the organizer to adjust the seats in a hurry and sit in the front row.
Today's sub-venue forum opened with a keynote speech by Ge Jun - this is also the reason why many Dongjiang Securities staff members were present.
Ge Jun's speech was mainly aimed at investment strategies under the new situation of the spread of the subprime mortgage crisis and the contraction of money.
Ge Jun's speech was quite satisfactory. This is how a person like him speaks to the outside world and in order to obtain investment.
People trust the conservative measures taken. Anyway, it is impossible to have a deeper and more sharp private communication, but the analysis of the current problem is more systematic, which makes Cao Mo feel that the trip is worthwhile.
After Ge Jun's speech, he personally acted as the host and invited nine special guests to sit on the stage one by one to discuss topics such as domestic economic development. This was quite lively.
There were so many guests on the stage, but Cao Mo only knew Ge Jun. The others were introduced by Ge Jun personally and all had a bunch of bluffing titles. Zhou Bin was not qualified to be on stage, but sat in the front row as an important guest and listened...
…
"The World Bank recently clearly proposed the concept of the 'middle-income trap', clearly pointing out that middle-income economies are unable to compete with low-income countries in terms of labor costs or with rich countries in the development of cutting-edge technologies, and often fall into
The stagnation period of economic growth prevents the country from becoming a high-income country - and the reasons for this phenomenon are multi-faceted. Specifically, the manufacturing industry is seriously polluted, and all walks of life are full of deceit, abduction, and counterfeiting. The society
Corruption, bureaucracy and polarization are serious. Vested interest groups monopolize most of the domestic wealth. A large number of uncontrolled image projects have led to large-scale extravagance and waste. People's living standards have not been improved, and the domestic market has never been able to develop. Industries
There is no motivation for upgrading, and the economy can only rely on exports. Although the World Bank report does not explicitly mention China, China should officially enter the "middle-income country" this year, and many of these phenomena, I believe everyone here should also
It feels very familiar. Does it happen around us anytime and anywhere? It is very common and is by no means an exception. In the past two months, the export data has been a bit pessimistic. This is also a manifestation of the biggest disadvantage of over-reliance on exports in the economy of middle-income countries.
"It's really hard to imagine how severe the impact the subprime mortgage crisis will have on China's economy once it spreads!"
“China has developed low-end manufacturing in the past two decades and has made remarkable achievements. Low-end manufacturing can indeed bring middle-income people, which has been proven by many countries around the world. However, the pollution that comes with low-end manufacturing
Liang, low quality and low price are extremely difficult to get rid of the vicious cycle. Now the country proposes to develop science and technology to solve this problem of sustainable development, but the key high technology cannot be caught up in decades..."
"In recent years, new urban construction has been carried out all over the country, completely ignoring the actual needs of the market and spreading the pie. The city scale is not 10% or 20% development, but it is expected to double within ten years.
Double, triple, a large number of real estates have been developed, and the housing prices are changing day by day. The housing price-to-income ratio is far higher than that of developed countries in Europe and the United States. The new buildings outside the Xinhai ring are all over 20,000 yuan, and I am very curious.
Are the vast majority of people in Xinhai still working-class people? They get a salary of four to five thousand a month or even lower, and they have to support their children and themselves. Why should they buy houses? Who should they build so many houses to sell to?
How many units can be sold to a small group of rich people? Why don’t you think about it: developed countries in Europe and the United States have accumulated a foundation of two to three hundred years and developed to the scale of this year. Why does China want to catch up in three to fifty years?”
"There are also some blindly optimistic arguments on the Internet, saying that China's GDP will catch up with Japan before 2030. Yes, based on the economic growth data of the two countries in the past ten years, this conclusion still seems reliable.
But the key point is why do you think that China can maintain such rapid development in the next twenty years, while Japan's economy will always fall into a trough? Blind and mechanical comparison of data without analyzing the development potential of the two countries is not acceptable.
.When it comes to development potential, most places in China are not as good as India..."
These arguments really shocked Cao Mo.
He spends most of his time in Africa, but in order not to be out of touch with China, he has always paid attention to domestic Internet portals and several important forums. In particular, the BBS forums are filled with too many negative arguments, but he has always thought that the forums are mainly for young people.
Where the crowd speaks.
Regardless of whether it is urban or rural, the vast majority of young people in China have entered the real society from the passionate student days full of fantasy. They are at the lower position of the social class in terms of income and job. At the same time, they have begun to come into contact with the not-so-good real side of society.
, the psychological gap is huge, and it is inevitable that feelings of indignation will form.
This phenomenon is also extremely obvious in Draculamore, the most prosperous city in West Africa.
When it comes to the middle and upper classes in the country, Cao Mo has relatively narrow contact with the middle and upper management of Dongsheng, as well as figures such as Ding Zhaoqiang, Qian Wenhan, Ge Jun, even Han Shaorong, Lu Jianchao, and Taihua's Huang Hebin and Yao Haiming.
There are more dark sides, but the view on the country is still positive.
Cao Mo did not expect that most of the scholars with various titles and senior practitioners from financial and securities institutions in today's forum were pessimistic about the future development trend of the country.
In addition to the guests on the stage who were expressing their opinions fiercely, Cao Mo also saw the expressions of the audience in the audience. He listened to what they said and guessed what they were thinking, as if China was not even as good as Kanem.
"Mr. Cao rarely participates in such forums in China, right?" In the middle of the forum, Zhou Bin came from the front row and sat in the corner and asked with a low smile.
"I haven't participated before." Cao Mo said with a smile.
"How do you feel?" Zhou Bin asked.
Cao Mo could tell that Zhou Bin still agreed with the negative arguments made by the guests on the stage. Of course, he would not try to persuade Zhou Bin or argue with Zhou Bin.
To be honest, a group of people on the stage were well-dressed, all of them had great names, and they were spouting words that sounded like they had great imagery. It was too confusing.
, Chen Feng also looked a little confused. He probably felt that the current problems in China were so serious that he could not see the future.
Facing Zhou Bin's inquiry, Cao Mo could only smile vaguely and said: "I am from Yeluzi, I have made some achievements in Africa, and I came out of nowhere. I came here today just for a layman to watch the fun. After listening to so many experts,
The discussion among senior practitioners was indeed very lively.”
Cao Mo was not that familiar with Zhou Bin, and he had something to discuss with Ge Jun in depth. After the seminar, he said goodbye to Zhou Bin and walked outside the venue with Ge Jun.
"How do you feel?" Ge Jun asked the same question while standing in the aisle smoking.
Although Ge Jun was on the stage just now, as the host, he was responsible for raising questions and guiding others' questions, but he himself did not reveal his true thoughts to the outside world.
"I just realized that China is worse than Africa!" Cao Mo shook his head and said with a bitter smile, "Do these people represent the true level of the domestic economics community?"
"Many domestic scholars are quite good in their respective professional fields, but when it comes to issues of overall economic development, they are easily led by European and American research theories. However, European and American institutions and scholars have little understanding of East Asian culture, economy and even
"I don't have a personal and profound understanding of the system, but I consider it from the perspective of judging others by myself, which is inevitably inaccurate," Ge Jun said.
"I don't think it's just that," Cao Mo shook his head and said with a wry smile, "We have been living in West Africa, which is very backward in all aspects, and after making comparisons, it is easier to see the benefits at home; and those experts and scholars from Europe and the United States have been
It is one thing to be guided by research theories, but excessively mechanical comparisons between China and developed countries in Europe and the United States will inevitably magnify some domestic shortcomings and think they are irremediable - I just heard someone argue that the nation's bad nature
When I got there, I was very curious. This so-called professor has never read colonial history properly. Do they know what the bad nature of a nation is?"
"Although I don't agree with some arguments, chasing ups and downs in the stock market is a common trait, and not everyone can be immune to it," Ge Jun said.
Cao Mo nodded. Ge Jun still tended to believe that all pessimistic understandings of the situation would drive the situation to develop in a worse direction. At this time, he still advocated waiting and watching, at least until the situation showed new signs of reversal before taking action.
is appropriate.
In general, Ge Jun's proposition is correct, but industrial investment and stock investment are not the same concept.
If you hold the currency and wait and see, after the securities market does show signs of reversal, the action is extremely quick, and even only a few instructions are needed to complete the transition from short selling to long buying.
Physical investment is much more complicated and the process will be much longer.
Xinhong Investment and Xinhai Gold invested in the Usan River project, and Yibogu Mining and Akwa authorities did not set up any obstacles. It took half a year from contact to final completion of the capital injection.
Regardless of the previous disputes, it is obvious that cooperation negotiations with Dongsheng Real Estate cannot wait until the situation changes for the better.
Of course, Ge Jun, Qian Wenhan and Dong Sheng do not have much friendship or involvement. They can continue to stand by and watch to force Dong Sheng to cough up more benefits.
Cao Mo thought for a while and said to Ge Jun: "I don't agree with many of the arguments at the meeting, but if I were to use any profound theory to refute them, I don't have the level. My time in the country is also short, and the domestic economy is
My observation of the good aspects and shortcomings of industrial development is certainly not profound. However, in terms of domestic development and construction planning and execution efficiency, I think it is difficult for other countries to match this aspect. If the situation really worsens to a certain extent, I also believe that
The speed of domestic reversal will be very rapid - I think we should not wait for the signs to be clear before taking action, otherwise the timing may be much later."
"Oh, what do you think?" Ge Jun asked with interest.
Cao Mo frowned slightly. There were some things he knew in his heart, but he couldn't say them out loud.
He promoted project construction in Kanem, Benin, and Akwa, relying on his terrifying intuition that was almost telepathic. When organizing manpower and selecting cooperation partners, he anticipated many hidden dangers and obstacles that might arise.
Except for those who are excluded, the most suitable candidates are used as much as possible in each position. Only then can we achieve jaw-dropping efficiency and speed.
However, among so many project construction projects in China, there is no manager with almost supernatural abilities like him, but he is generally able to achieve high efficiency and speed. Isn't such an organization and execution ability shocking enough?
Before the meeting just now, there were many arguments, but no one stood up to affirm the country's huge advantage in this aspect. Cao Mo felt a little incredible.
In the past two months, Cao Mo has communicated a lot with Ge Jun and others, and has also observed changes in European and American financial markets. He believes that the domestic economy may deteriorate due to the spread of the subprime mortgage crisis, but he has different views from Ge Jun and others.
One point is: Ge Jun and others believe that the process of situation reversal will be relatively slow, and they advocate not being impatient. However, he believes that the domestic situation will be reversed very quickly due to the efficient organization and execution capabilities from the central to the grassroots...
Because this judgment involved his own biggest secret and he couldn't tell anyone about it. Facing Ge Jun's questioning, Cao Mo could only shrug and said: "It's just some empirical knowledge. To expand on it, it's really a bit confusing.
I'm crazy - Dongsheng, now that I'm back, I'll talk to Ding Zhaoqiang first, Dongjiang Securities and Lao Qian, you can make a decision based on the terms and time I negotiate..."