Throughout 1978, under Lin Huowang's planning and personal execution, China's industrial capacity achieved a qualitative leap.
At this point, through the British and Hong Kong sides, Lam Fook-wong could have spent more US dollars to buy more technologically advanced machine tools and production lines.
During this two-year lull, Lin Huowang took advantage of the gap in the Cold War between the US and the Soviet Union to legally and legitimately pay a large amount of consulting fees to a large number of American politicians through Swiss banks and some donation funds.
This has led the United States to turn a blind eye to China's growing industrial strength and supply chain concentration.
even……
In the first half of the year, Lin Huowang's money was well spent, and the United States even gave Dragon brand home appliances produced in China preferential tariffs.
Later that year, due to strong lobbying and intervention from Japanese manufacturers, it was forced to cancel again.
Similarly, these Japanese manufacturers are not to be trifled with. Although they were outmaneuvered by Lin Huowang, causing the reputation of Japanese manufacturing to plummet globally, the public's memory is short-lived.
In just a few months, after Japanese manufacturers poured huge sums of money into advertising and public relations, Sony, Hitachi, Mitsubishi and other Japanese home appliance manufacturers, with a new batch of non-home appliance products, once again made a comeback in the international market with prices similar to those of Dragon Brand.
Moreover, to be frank, their technology and production capacity at that time were far superior to those of their domestic counterparts.
Dragon Brand urgently absorbed most of the demand, and the $3 billion order was not fully digested until around April.
However, after May, Japanese electronics companies made a comeback, spending a lot of money on advertising. Their influence and effect were comparable to that of the Pokémon IP.
Despite increased production capacity in Shekou and OEM support from major factories in other cities, the strength of our industrial base is still too weak, relying solely on the product designs brought by Lin Huowang. After all, our industrial foundation is far inferior to that of Japan, which is about to enter the 1980s.
You have to understand that in the 1980s, Japan was so arrogant and boastful that it dared to clamor to buy out the United States.
"Huowang, we've done enough! You've done a great job, helping 'Made in China' gain international recognition and securing this steady stream of orders. Although it's not as good as Japanese manufacturers, this foreign exchange income is real..."
At the end of 1978, when Liao Gong looked at the report that the national treasury had nearly 10 billion US dollars in foreign exchange, he couldn't stop smiling. However, Lin Huowang was not very satisfied, so Liao Gong comforted him.
"Alas! Lord Liao, I know... relying solely on our existing strength and some minor tricks, we cannot completely defeat Japanese manufacturing. We can at least slow down their momentum and strengthen our own capabilities. With this trade-off, we should be satisfied."
Looking at the recovering Japanese home appliance industry, Lin Huowang was well aware that the general trend of history could not be completely changed by individual efforts alone.
But isn't that what makes it more interesting? If Japanese manufacturing doesn't make money, where will they go to short the Japanese stock and real estate markets?
And so, spring of 1979 arrived.
In Kunming, the "Spring City" of Northeast China, the ice and snow have begun to melt.
Although there was still a hint of chill in the air, the atmosphere inside the FAW factory in Changchun was bustling with activity, even more so than the steel furnaces, to put it dramatically.
Along the main road of the factory area, colorful flags fluttered in the breeze, and a huge banner read: "Warmly celebrate the production of my country's first domestically developed and manufactured 'Zhonghua' brand sedan!"
In front of the floor-to-ceiling window on the second floor of an office building, Lin Huowang and Liao Gongshi stood side by side, filled with emotion, looking down at the bustling and cheerful workers below.
"The fire is blazing."
Holding an enamel teacup in his hands, Liao Gong couldn't help but sigh:
"To be honest, although I'm happy to see FAW making such good cars, when I think about all the money you've spent this past year... my heart still pounds, it hurts!"
"In just the last few months, more than a billion US dollars have been transferred from your original silver futures trading account!"
"With such a huge sum of money, besides upgrading equipment at FAW, you poured it all into building roads and bridges in those desolate mountains and wilderness? And what about that... mysterious laboratory you set up in Zhongguancun?"
You don't know the cost of firewood and rice until you're in charge of the household. Although Liao Gong knew that Lin Huowang was very rich, the speed at which he spent money was still quite alarming.
"Mr. Liao, although a lot of money has been spent, it was well spent, and it was necessary to spend it. Whether you spend it sooner or later, you have to spend it, and you'll benefit sooner. Spending it sooner will save you from spending more, so why not spend it? Spending an extra hundred million US dollars now will save you a billion, or even a hundred billion US dollars in the future..."
Lin Huowang spoke very seriously, then turned around and pointed to the off-road vehicle that was being test-driven in the distance, saying:
“Think about it, we’ve built the car now. But without good roads, can this ‘Zhonghua’ car run? Can this ‘Dragon Guardian’ be driven out?”
"Therefore, large-scale infrastructure construction across the country is a must!"
This billion dollars is just the beginning.
I've already coordinated with the Ministry of Transport. We're going to gradually build national highways, even asphalt roads, in the southwest, the Yangtze River Delta, and even the northeast! Then, on that basis, we'll build several expressways..."
"We want to build roads all the way to the mine entrance and the port! This is called 'If you want to get rich, build roads first'! This is also to lay the groundwork for our future logistics network."
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