More than a month later, Galaxy Agriculture Company was almost on the right track. As for when the research and development results would be available, that depended on luck.

Zhao Yeye couldn't possibly focus all her energy on Galaxy Agriculture Company forever. With CEO Zhou Yue helping to manage the company, Zhao Yeye was quite at ease.

Next year will be 1997, and the Asian financial crisis will break out soon.

Zhao Ye is currently busy dealing with his Asian businesses.

At the same time, they also need to start quietly making plans to take advantage of the financial crisis and make a fortune.

Soros had already quietly begun his preparations, planning to launch an attack on Southeast Asian financial markets in March of the following year, around the time the Federal Reserve raised interest rates. Starting in Thailand, a financial crisis swept across Southeast Asia and further evolved into the Asian financial crisis.

As early as the beginning of 1996, Wujiang Group had already begun to gradually sell off some of its Asian assets, raising a large amount of cash. Various buyers flocked to take over, vying for the assets, completely unaware of the impending crisis.

This Asian financial crisis will definitely be more severe than in the previous life, and many well-known companies from that life will probably find it difficult to survive.

However, this is precisely the opportunity for Wujiang Group.

At that time, Wujiang Group can appear as a savior and acquire their businesses.

Zhao Ye values ​​industries in Southeast Asia such as the internet, retail, automobiles, telecommunications, energy, real estate, tourism, and food.

Acquiring these industries has provided an unimaginable boost to the internationalization of the RMB.

Trade, tourism, and other activities between China and Southeast Asian countries can all be settled using the RMB.

The US loves to print dollars like crazy and fleece people all over the world. Who isn't afraid of that?

Especially during the recent Asian financial crisis, many countries experienced economic crises due to issues with the US dollar. If their foreign exchange reserves contained RMB, perhaps these economic crises would not have occurred.

Everyone understands the principle of not putting all your eggs in one basket.

Therefore, the 1997 Asian financial crisis was, to some extent, beneficial to the internationalization of the RMB in Southeast Asia.

In the past, due to China's relatively small economic scale and poor technological level, the RMB was difficult to be recognized by Southeast Asian countries.

But this time is different. China's GDP is only slightly less than that of the United States, and China's technological products are very advanced. Southeast Asian countries can directly purchase machinery, electronic and electrical products, and many other light industrial products from China.

The tropical climate and suitable soil conditions of Southeast Asian countries enable them to produce a variety of tropical crops, such as rice, coconuts, palm oil, coffee, and fruits, which are in demand in China.

Of course, Southeast Asia also has oil and other minerals, which can also be exported to China.

Then they can earn RMB, buy Chinese goods, and achieve a win-win situation.

...

“Chairman Zhao, we have sold off a large number of non-core assets, and so far, we have cashed out $28.5 billion. Southeast Asian countries have developed very rapidly over the past decade or so, and many people have fallen into this false prosperity. Therefore, our cashing out process has been relatively smooth. However, some people have become wary; not everyone is acting rashly.” Qing Qianshuang, CFO of Wujiang Group, said as she handed documents to Zhao Ye.

Zhao Ye took the document, placed it on the table, and did not look at it immediately.

"Okay, I understand. But we must speed up the asset liquidation process; time is of the essence!"

"Yes, Chairman Zhao!"

After a moment's thought, Zhao Ye instructed, "Furthermore, gather information on farms, plantations, seed companies, grain and oil enterprises, and large food processing plants in Southeast Asia. Once the Asian financial crisis breaks out, these industries will inevitably be greatly affected. At that time, have Galaxy Agriculture Company acquire these industries!"

If China was still importing large quantities of grain in 2023, then it's no wonder that China was importing large quantities of grain in the 1990s.

Instead of buying grain from foreign companies, Galaxy Agriculture Company would be better off growing its own grain abroad and then shipping it back to China.

In fact, despite China's large land area, arable land is relatively small, accounting for only 12.68%, or about 2 billion mu. The remaining area consists of grassland, construction land, desert, rocky mountains, permanent glaciers, and other land that is difficult to utilize.

Moreover, with the development of my country's economy, the construction of the country requires the use of arable land, rural homesteads require the use of arable land, and the construction of development zones requires the use of arable land. As a result, my country's arable land area has decreased by 113 million mu almost every ten years.

Although India is smaller than China in terms of land area, it has much more arable land. Moreover, India is located on the South Asian subcontinent, with fertile soil, making it a country with unique advantages.

This is truly enviable. Unless China can turn the desert into a treasure and grow food, then there will be no need to import food from abroad.

Therefore, Zhao Ye had no choice but to have Galaxy Agriculture Company acquire more farms or plantations abroad to produce its own food.

Southeast Asia is located in the tropics, and many crops can be harvested three times a year. However, local agricultural technology is relatively backward, resulting in low grain yields. Even so, they are still able to export large quantities of grain.

Southeast Asia could easily become China's granary, and China wouldn't have to cater to the US by buying soybeans, corn, and other agricultural products from it.

Furthermore, Southeast Asian countries are close to China, and with China's great rejuvenation, its deterrent power will become stronger and stronger, ensuring the security of Galaxy Agriculture's industries in Southeast Asian countries.

Therefore, Zhao Ye prefers to purchase farms and plantations in Southeast Asian countries.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!