Chapter 1644 [Crazy purchase of mines and factory construction around the world]

Hua Yu, who was present, suddenly sighed: "Sometimes I find it incredible. Why do the leaders of Beimei always make stupid moves? They are so stupid that there is no strategy at all."

Qiu Guangcheng also said: "I have to say that the move of the goose-wool quarrel was really a stinking one for Laomei. They never thought about what to do if they failed. If the big goose can withstand this wave, didn't Laomei think about being backfired at that time?"

Speaking of this, Qiu Guangcheng spread his hands and looked around at the people present: "It seems that Laomei has never thought about this problem and thinks that he will definitely win if he makes a move. If the whole world sees that the big goose can still live well even if it leaves the US dollar system, then everyone will be eager to move, and it will definitely accelerate the de-dollarization."

Wu Cheng laughed: "Shouldn't we be happy that the opponent is stupid?"

Everyone laughed immediately.

At this moment, most people spoke freely, but Fang Hong didn't say much.

He was thinking that if Big Mao and Second Mao started fighting in advance, then the century-long reconciliation between Yilang and Sat local tyrants would also be very likely to be advanced, because this was a strategy planned long ago by the top, and they had been waiting for the right time to come.

Fang Hong looked around at everyone: "My Qunxing Group's global layout must be accelerated, and the US dollars in hand must be spent as soon as possible. Old magnesium has already started the interest rate hike cycle, and we must keep up with the pace, and don't let the economies of those emerging market countries and small non-magnesium Western countries be blown up by old magnesium's interest rate hike."

As long as those small countries can hold on in this round of US dollar interest rate hikes, they will not be so uncomfortable, and it is old magnesium that will be so uncomfortable.

At present, Qunxing Group is buying mines and building factories around the world, constantly spending the US dollars it earns and turning them into physical assets.

Qunxing took advantage of the opportunity of the black swan impacting the world last year and made a crazy profit of 3.13 trillion US dollars. This wealth was divided into three by Fang Hong, only about one-third of which was equivalent to more than 7 trillion yuan, of which more than 5 trillion entered the reservoir of the SGX stock market, pushing the SGX 50 Index to more than 10,000 points.

In addition, the remaining wealth of more than 2 trillion US dollars did not flow back, but continued to spend the US dollars earned overseas. Fang Hong allocated more than 1 trillion US dollars of it to buy, buy, buy and borrow around the world.

Now the Qunxing Group is already a major creditor of many emerging market countries and underdeveloped countries. At the same time, Qunxing is also a super creditor of AMG, and it already holds a huge amount of US debt of more than 800 billion US dollars.

With so many US dollars in hand, of course, we have to play its value. Emerging market countries or regions in Southeast Asia, Latin America, Africa, the Middle East and other regions, which have borrowed US dollar loans and are now due to repay, but have no money to repay the loans, can come to the Qunxing Group to talk.

Most of the time, it can be negotiated, and the US dollars borrowed from Qunxing with lower interest rates can be directly repaid in RMB in the future.

In the past, these small countries with heavy US dollar debts, when the debts were due to repay, had no money, either they would sell their assets at a low price to raise money to repay, or they could only borrow new to repay old debts and go to AMG to borrow new US dollars to repay old debts, but this would continue to be sucked blood by AMG for a long time and they could never get rid of it.

Now the Qunxing Group has extended a helping hand and lent them US dollars to help them tide over the difficulties. They no longer need to sell assets at a low price or continue to borrow new money from Amei to repay old debts. Naturally, they vote with their feet.

However, the Qunxing Group is not here to do charity. First of all, it cannot stand on the opposite side of Dongda. Secondly, Qunxing lends you money, and also pays money to buy your mines and resources. You have to agree, and the price will not treat you unfairly.

In fact, the Qunxing Group has been buying mines and building factories around the world, investing in infrastructure and roads, etc., and the prices given are very fair, and some have even given a premium.

The most typical example is lithium ore. It has been buying mines crazily around the world, directly buying, co-developing and other forms, and deliberately raising the price. Now the price of lithium ore has soared to 100,000 yuan per ton.

Of course, Fang Hong raised the price of lithium ore not because he is stupid and rich, but to hunt foreign car companies so that they can't afford new energy vehicles.

If they want to play now, they have to bear huge costs. It's fine if they don't play, but if they really dare to play, Fang Hong will then lower the price of lithium ore, so that domestic new energy vehicles have more room for price reduction. At that time, foreign car manufacturers will face high costs on one side and low price wars on the other. The more they sell, the more they lose, and they will all be finished.

The Qunxing Group does have a lot of US dollars in its hands now, and it also needs to spend the US dollars. The key is to turn the green paper bills in its hands into real assets.

The Qunxing Group is not afraid that those small countries will not recognize it as before by buying mines, building factories and borrowing money on a global scale.

The times have changed. Dongda's current strength and foundation are there. Those little brothers would not dare to give him ten thousand courage, not to mention that the Qunxing Group offers a fair price, does not exploit them, and will help them.

They don't want cooperation and mutual benefit, so there is only a "win-win" situation, the kind that Dongda wins twice.

And those small countries themselves are very eager for it, that means that they have assets backed by the University of East China, and they no longer have to be harvested by the old magnesium and feel helpless. They are weak but not stupid, and they will also calculate who they can get a better future with.

Now the small non-magnesium and Western countries in the world are also very happy to get along with the University of East China, because the East does not play the game of hegemony, but the more advanced "community of human destiny". Although the University of East China is stronger than you, it will not bully you like the Western countries, and will also talk to you reasonably.

The premise is that you don't jump. If you don't want to talk about reason, you can force the University of East China to talk to you about physics.

Fang Hong asked: "How much of the $1 trillion allocated last year to buy mines and build factories around the world has been spent now?"

Wu Cheng, who was present at the meeting, immediately answered the big boss's question: "More than 400 billion has been spent, of which $200 billion has been used to purchase physical assets, mainly various mineral resources, $80 billion has been used to build factories with local joint ventures, and $120 billion has been lent to some emerging market countries."

Hearing this, Fang Hong nodded: "The remaining 600 billion must be spent this year, turning into physical assets or liabilities to emerging market economies. If it is not spent quickly, it will become more by then."

If this is heard by outsiders, especially those who are short of funds, they will be furious.

The investment of the Qunxing Group is now truly spread all over the world. There are more than 200 countries and regions in the world, and the Qunxing Group has investments in more than 130 of them, but the scale varies. Either it has won the mining rights of iron ore, copper mine, lithium mine for decades, or it is wholly owned, or it is a joint venture to build factories and jointly develop, etc.

Or if someone's US dollar loan is due and he has no US dollars, the Star Group will lend him US dollars.

Since the negotiation and agreement last year, Amei has not dared to openly blacklist the Star Group in the world. Not to mention that he still has to rely on Star to increase his holdings of US debt in the future, the super-large-scale US debt of 800 billion US dollars in his hands is a financial nuclear bomb-level deterrent.

If Amei dares to "abandon the contract", Fang Hong will dare to sell all the 800 billion US debts in his hands, not a few billion or 10 or 20 billion, but a hundred billion level. Amei can't stand this.

Today is different from the past. Now Amei may dare to blacklist and ban some subsidiaries of the Star Group, because this is not in the negotiation agreement last year, and this is also part of the concession of Dongda, but for the Star Group itself, the current Amei Lika dare not dare to blacklist it as before.

A-Mei also knew that letting the Qunxing Group increase its holdings of US debt would be disadvantageous in the long run, because Qunxing would use it to play the operation of "borrowing US dollars to repay RMB", making it difficult for other countries' economies to collapse.

But A-Mei urgently needs someone to buy its additional treasury bonds to quench its thirst, and it has to do so even though it knows it is a poison to quench thirst.

To put it bluntly, if you want to have tomorrow, you must live through today before you can have tomorrow, so today's things take precedence over tomorrow, and this is where A-Mei's difficulty lies.

... (End of this chapter)