Times Communication is more focused on communication products, although there will also be terminal products, but it will focus on such as routers, RF modules, etc.Sihai Electronics is a product company, and product design and marketing are the company's strengths.Enron felt that the integration of the two companies would not go too smoothly, and he could not understand the significance of forming two brands within the same product.Doesn't that lead to internal competition?
But now that the specific plan has not come out, he didn't ask much, and then left Xiao Bai's office."
Xiao Dong, there is a call for you."
Not long after An Ran left, Wen Qin walked in.Xiao Bai nodded and began to answer the phone.The call was from the Education Bureau, and the matter of Liu Xiaoyu coming to work in Shencheng has been settled."
Thank you, I will definitely inform Liu Xiaoyu to come and report as soon as possible."
Xiao Bai said some kind words to the people, and then hung up.In the evening, when he went to visit Liu's mother, he told her about it.Mother Liu is naturally very happy, otherwise she would not be used to living alone in Shencheng.A week later.Liu Xiaoyu came to Shencheng from Jinling, and although she only taught in a middle school, she felt that it was good for her to take care of her mother."
Brother Xiao, Xiaoyu's matter has bothered you!
To be honest, the only thing I'm worried about is my mom.Now that Xiaoyu can be by her side, I can rest assured that I can stay here. ”Liu Xiaoling called and chatted with Xiao Bai for a long time, and she could understand that Xiao Bai was really good to herself."
What are you polite to me with?
It's good that the light rain is coming, I see that my aunt is in a lot of spirit these days. ”Liu's mother was taken care of by Liu Xiaoyu, and a stone in Xiao Bai's heart also fell to the ground.A few days later.Xiao Bai received a call from Cui Mingda and came to Bangkok again."
Brother Xiao, the second time that the international tour capital has attacked the Thai baht!"
As soon as Cui Mingda and Xiao Bai met, they sat in the car and began to introduce the latest situation.Xiao Bai had already expected this trend, the old fox gang was actually very difficult to entangle, they would attack again and again after they set their sights on the target, and they would not give up until the goal was reached.This time it's the same old routine.International investors first quietly established positions in spot and forward foreign exchange transactions through foreign banks operating offshore business, and then borrowed Thai baht from local banks to sell a large amount of Thai baht in the spot and forward markets.The Thai baht spot exchange rate repeatedly broke through the exchange rate floating limit set by the Bank of Thailand, causing strong panic in the market, and the Thai baht depreciated to 27 to 1 against the US dollar at one point."
This shot is even more ferocious than the last one!
Lao Cui, what is the current response of the Thai side?
Could it be that interest rates are being raised again?
”Xiao Bai felt that the Bank of Thailand did not have many available means, so this was an asymmetrical currency war, and the outcome was already doomed."
Isn't it?"
Cui Mingda's next words also happened to confirm Xiao Bai's guess.In the face of the shock, the Bank of Thailand has taken a three-pronged approach: first, through the member countries of the "East Asia Central Bank Governors' Meeting", it has jointly intervened in the foreign exchange market with Singapore, and invested US$12 billion to maintain the exchange rate.The second is to use an executive order to prohibit domestic financial institutions from lending Thai baht, and then sharply increase the overnight lending rate, from 10 to 1,000-1,500."
It's just drinking to quench your thirst!
In particular, with such an executive order in the middle, isn't that contrary to the neoliberal economy they advertise?
”Xiao Bai pursed his lips, a little disapproving.He has always believed that the neoliberal economy is "a dose of poison", but once you drink it, you will not regret it.Standing again and again is destined to have no good end.Cui Mingda sent Xiao Bai to the hotel, Xiao Bai took a shower and ate something, and then came to the office."
Hello Xiao Dong!"
When the employees who stayed in Bangkok saw Xiao Bai, they all stood up and greeted him."
Everyone's done a great job!
Please sit down, you are busy with yours, I will take a look. ”Xiao Bai greeted everyone with a smile, and then sat down in front of an empty computer and flipped through the data of the Thai stock market and foreign exchange market.It can be seen from this that the intervention of the Thai side has had a certain effect, at least the situation has not deteriorated further.Xiao Bai stayed in the office for two hours before returning to the hotel."
Brother Xiao, there is a question I haven't figured out.You say, Thailand obviously does not fully meet all the conditions, why is their financial opening so radical?
”Cui Mingda and Xiao Bai walked into the room together, and he wanted to invite Xiao Bai to dinner in the evening, so he followed.After sitting down on the sofa, Cui Mingda asked a question that had been buried in his heart for a long time."
How to say it, there is a good saying, virtue is not worthy, this is the case!
Some things can't be understood only in terms of economics, you have to open your eyes to the international environment.What year is it?
97 Ah!
How many people are waiting to see the jokes of Xiangjiang, and how many people want to wait for Xiangjiang to decline before taking a piece of the pie?
”Xiao Bai couldn't help but shake his head.97 is the year of Hong Kong's return to the motherland, and there are many people who have sung about Hong Kong in recent years, and there are also many countries that want to replace Hong Kong as an international financial center.Not to mention, Thailand's radical financial opening is largely aimed at attracting some international capital withdrawn from Hong Kong.As for the mainland, people don't pay attention to it, thinking that it is a poor and backward place, how can it be possible to manage Xiangjiang well?
As a matter of fact, China's economy has embarked on a magnificent road of take-off since the mid-to-late 90s, especially after China's accession to the WTO in the new millennium.Because Xiangjiang is backed by the mainland of the motherland, the capital channel alone has made it a lot of money, and the status of the financial center has not only not declined but has strengthened!
Of course, on the question of why the Asian financial turmoil broke out in Thailand first, Xiao Bai has various analytical memories in his mind.There are many reasons for this, but the ambition to make Bangkok a financial center in Asia and the world plays an important role in it."
Huh?
Your perspective is full of novelty.I think it makes sense, and I'll look into it when I have time. ”At this point in the present, the view of the bad street in the future has made Cui Mingda have a refreshing feeling.It is also easy to understand that the current crisis has only just emerged, and it is naturally not on the same level as the "looking back" analysis of the future.At night.Xiao Bai and Cui Mingda went to a well-known local restaurant for dinner."
Lao Cui, come, let's meet one, you have been working hard during this time."
Xiao Bai and Cui Mingda touched a glass of wine, and in a trance, they felt that the other party had changed a lot.Indeed, although Cui Mingda has not followed Xiao Bai for a long time, his progress has been leapfrogging."
What's the hard work?
Eat well and sleep well here, not hard!
Brother Xiao, this is a photo of my son, you can take a look. ”The two then began to chat, and Cui Mingda also showed Xiao Bai a photo of his son, with a proud expression on his face.Xiao Bai held the photo in his hand and was embarrassed.Three days later.After a fierce battle, the Bank of Thailand finally maintained the baht at 252 baht per dollar.Yes, the international tour capital was defeated again, and the Soros side alone lost almost 300 million US dollars!
However, the old fox was not distressed at all, although he lost money, he saw Thailand's hole cards clearly, and it was still worth it.Xiao Bai was dealing with urgent business in the business hotel, and at the same time paying attention to this game.He stayed in Bangkok for about ten days before returning to the deep city.The next period of time.Xiao Bai participated in a series of meetings.First of all, the board of directors meeting of Yokomi Electronics was to review the year-end financial report of the previous year (1996)."
Last year, we sold a total of 7.25 million Yasheng VCD players, achieving sales revenue of 1,086.9 billion yuan, and the sales revenue of Yasheng CD players was 83.2 billion yuan, and the revenue of the cassette recorder was negligible," An Ran read out the year-end account report, with a helpless expression on his face.In 96, the company's total sales of VCD machines increased by almost 1 million units, but the revenue only increased by more than 700 million points.The key reason is that the price has fallen again and again, and the volume has gone up but the revenue has fallen.As for the revenue of the cassette recorder, it has dropped to less than 100 million yuan, and at the end of last year, it was completely discontinued, and this product is no longer operated."
Yuan, the after-tax profit was 159.2 billion yuan, a decrease from the same period last year."
After An Ran finished speaking, Xiao Bai and Zhao Lina did not squeak.The problem is obvious, large price cuts will naturally squeeze profits, and there is nothing to say about this."
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How will this year's profits be distributed?"
Zhao Lina is as always concerned about the profit distribution, although her current import and export business is doing well, but the net profit in a year is really not too much, only tens of millions."
Let me say a few words, Ah Ran, Sister Li, judging from this year's situation, the VCD machine is about to move from the incremental game to the stock game stage.Then it means that the company's revenue and profit are difficult to grow significantly.Therefore, I think we should gradually adjust the product structure from now on and strengthen R&D efforts. ”Xiao Bai did not mention how to distribute profits, but he pointed out the company's hidden concerns.Developing a new generation of video players (DVD players) is of course the way to go, but further expanding the product line is the way to go."
Ah Bai, and the mobile phone you said last time.I wondered, our Sihai Electronics is a blank sheet of paper in the field of communications, will it be very risky to rashly intervene in mobile phones?
”An Ran has been thinking about this problem again these days, and he is actually a little embarrassed in his heart, for fear of going the wrong way."
I don't let you develop core components, Sihai Electronics is just a product company, you will always assemble it, right?
The difficulty lies in the design, which can be focused on. ”Xiao Bai didn't understand what Enron thought, theoretically speaking, how different is there between designing a mobile phone and designing a VCD machine?
Putting aside everything technical, the underlying logic is the same.