Chapter 2774 Helping Feng Hongyang to Vent
Office of the Chairman of the OU Committee.
President Bai Ze Barroso is in high spirits recently as he is enjoying good things.
The reason is that the euro exchange rate has been rising recently, and the stocks and financial products of the EU countries are all rising, showing a thriving appearance.
He thought this was because the weakening of the hegemonic currency after the outbreak of the subprime mortgage crisis led to the risk-averse behavior of the hegemonic capital.
After all, the EU is the world's second largest economy.
It is normal for capital to flee to the Ou Meng for investment and risk aversion when the hegemonic country is not suitable for investment now.
At the beginning, Baize was a little suspicious whether this increase was due to someone going long before shorting to reap the profits.
But think about it, the economies of the EU countries are still relatively stable, and the pain caused by the subprime mortgage crisis has passed. Bai Ze feels that no one will be stupid enough to short at this point.
After all, short selling needs to be supported by negative news. If you still go short when there is no negative news, then you are stupid.
"Mr. Barroso, Daxia has been exporting too many products recently."
The assistant reported: "All countries are saying that Daxia's products are cheap and in large quantities. In addition, the various actions of Tianlongxing in recent years have aroused the patriotic sentiment of Daxia people, resulting in the declining sales of Oumeng's products. Many companies have to withdraw from Daxia because their products are not selling well."
“Not only that, even in their own country, OM’s products are becoming less and less competitive.”
"The emperors of various countries have been reporting these problems to you recently. I hope you can think of a solution."
Bai Ze frowned: "Before, the cost-effectiveness of Ou Meng's products in Da Xia Country was quite high. Why is it that they are suddenly not so good?"
The assistant said: "Daxia has a large population dividend, and the people of Daxia are particularly competitive, so working overtime to produce is commonplace.
The labor cost is cheap, the working hours are long, and the output is particularly large, so the cost naturally becomes lower and lower.
In contrast, our employees at Oumeng not only rarely work overtime, but if they dare not be paid overtime pay, they will sue the boss.
Labor costs are too high and workers are lazy, so the cost of goods is of course high.
This is a huge headache for the bosses.”
Bai Ze thought for a moment and said, “That’s easy. Go and draft a notice in my name.
It is stipulated that any company in Daxia country that does not allow employees to rest while working overtime will be prohibited from exporting their products to Oumeng.
The overtime limit is no more than 8 hours a day and no more than 40 hours a week. Even if employees voluntarily work overtime, they are not allowed.
If there is overtime work in any link of their supply chain, the export of the entire industrial chain will be hindered.
In the long run, Daxia will no longer have a demographic dividend, so won't the cost-effectiveness of our products recover? "
The assistant nodded and complimented, "President, you are the one who has the solution!"
Bai Ze jokingly said: "Believe it or not, those Daxia people still have to thank me?"
The assistant smiled and said, "Of course, they must think that we asked them to work less overtime. But when Daxia's product advantages are no longer there and they can't get any more overtime, maybe they will understand the mystery."
Bai Ze thought for a moment and said, "Let's draw up a list. Let's see which products of Daxia Country sell well in Oumeng, and then we can impose sanctions.
In addition, we should be stricter about visas, so that people from Daxia can't easily come to our excellent developed country to experience the customs and practices of the advanced people!"
"Yes!"
The assistant smiled and went down to carry out the order.
It didn't take long.
The leader of the Five Elder Stars, Feng Hongyang of Tianji Star, received a unilateral notice from Bai Ze.
"Overtime ban? Corporate sanctions list? Visa restrictions?"
Feng Hongyang was so angry after reading this that his beard became crooked!
"Why not just stop Daxia's products from being sold in Oumeng?
What are these memorial archways for?"
Feng Hongyang sighed.
Today's Daxia is still in the development stage. Although its overall strength has been increasing, the per capita consumption level is still low, and product sales still depend on developed countries and regions such as Oumeng and Baguo.
If you are weaker than others, then don't you have to follow their rules?
Depressed Feng Hongyang couldn't help but call Chen Mo to complain about this.
"Tell me, is this bastard Bai Ze a bastard or not?
If you can’t sell it, then cheat! "
"If Daxia could also be like the hegemonic country and squeeze blood bags from all over the world for its own use, then who would need to work overtime?"
"Who doesn't want their family to live a relaxed and happy life?"
"Now, we are in trouble both inside and outside, but he has gained a good reputation for caring about the people of Da Xia!"
Chen Mo smiled when he heard this: "Calm down, old man, this is actually a good thing.
It is time for Daxia to transform from low-end industries to high-end industries.
Relying on overtime costs alone can only win temporarily, only by taking over their high-end industries can we win forever."
Feng Hongyang sighed: "That's easy to say. The automobile industry, high-end medical industry, and chip industry of the Ou Meng are still far ahead of Da Xia.
Although your Hongmeng Lab has made some progress in chips in recent years, there is still a gap."
Chen Mo smoked a cigarette and said with a smile: "I have already laid out the automotive industry, and the chip industry is also developing steadily. There is indeed a big gap in the field of high-end medical care, but it doesn't matter. I will spend a lot of money to attract talents.
I can guarantee that within 10 years, Daxia will be far ahead in these high-end industries!"
Feng Hongyang sighed: "It will take another 10 years, I am not sure if I can live to that time.
I really hope that when I wake up tomorrow, Daxia will be number one in the world, and all Daxia people will be able to enjoy high welfare like the hegemonic countries, and the whole world will follow Daxia's lead..."
Chen Mo smiled and said, "This may be difficult. But... I can help the old man vent his anger first."
Feng Hongyang's eyes lit up: "What are you going to do?"
Chen Mo responded: "It just so happens that I am planning to short Oumeng recently. I don't know if Bai Ze can withstand the financial crisis that breaks out in Oumeng."
Feng Hongyang took a deep breath when he heard this: "You...you are emptying the Ou Alliance?!"
If someone else said this, Feng Hongyang would definitely think that person was crazy!
Is it possible for an individual to short sell an economic consortium of the size of Oumeng?
That is the world's largest economy consisting of 27 developed countries!!!
At its peak, it even surpassed the hegemony at one point!!!
More than half of the main gods of the foundation are from the Ou League, and their headquarters is in the Ou League!!!
According to Feng Hongyang's worldview, a behemoth of this size is simply unshakable!
Not to mention that Chen Mo was only shorting in his personal capacity.
What’s the difference between this and the Arabian Nights?
"Just wait and see. I'll help you get rid of this anger!"
