"Chen, I apologize again for my previous words and actions."
Sim looked ashamed; Chen Dong's words had moved him somewhat.
Not all Chinese businessmen are manufacturers of inferior goods.
Many of them, like Chen Dong, are honest businessmen who have simply been too narrow-minded.
The two talked in this friendly atmosphere, and there was a sense of mutual appreciation between them.
Time passed little by little.
Before they knew it, the two had been chatting for half an hour.
Sim said, somewhat reluctantly.
"Chen, let me drive you back!"
"Thank you, my friend, but if you take us back, what will happen to your stall?"
"......"
Sim was speechless upon hearing this.
Chen Dong patted him on the shoulder with a smile and said something with a double meaning.
"We have a long time to get to know each other. Let me treat you to some vodka sometime, and we can have a proper chat!"
"OK!"
Sim nodded, though it was unclear whether he understood or not; Chen Dong's words had a hidden meaning.
The two then waved goodbye.
Over the next two days, word-of-mouth spread due to the high quality of the leather jackets, leading to a significant increase in sales.
On the first day, it actually only took 4 hours to sell all 400 leather jackets.
The next day, more than 800 items were sold.
By the third day, all 1,000 leather jackets brought to the trade market that day had been sold out, and many Russians who hadn't been able to buy any jackets were throwing tantrums.
According to the disclosed information.
In fact, even before the collapse of Russia, the country's economy was already on the verge of collapse.
People's living standards have declined drastically!
Later, in the memoir of a former high-ranking official, an internal report from that time was disclosed.
The report shows that by 1989, Russia's GDP, which it used to assess its economic development and national strength, had already experienced a severe decline.
In 1989, the annual GDP growth rate was only 1.7%, and the product growth rate of material production enterprises was only 1.3%.
The budget deficit reached a record high of 92 billion rubles, the country's domestic debt reached 400 billion rubles, foreign debt and money supply increased dramatically, and a trade deficit also emerged.
By 1990, Russia's economic situation had deteriorated further.
The report shows that GDP in the first half of 1990 fell by 1% compared with the same period of the previous year (the actual figure was more than 5%), while national income fell by at least 2%, labor productivity fell by 1.5%, and the government's fiscal deficit reached 11 billion rubles.
By July, the country's domestic debt had exceeded 420 billion rubles.
During the same period, China's annual GDP was only RMB 100 million.
According to the official exchange rate at the time, 100 million RMB was equivalent to 250 billion rubles.
By the second half of the year, the amount of ruble issued had exceeded an acceptable limit.
Foreign trade hit an all-time low, at less than 10 billion rubles.
The secret report also pointed out.
Due to the severe devaluation of the ruble, ordinary people's purchasing power has declined.
There is an extreme shortage of domestic supplies, goods, and especially daily necessities.
People need to start queuing early in the morning in order to buy daily necessities.
The endless queues were far more spectacular than the launch of the new Apple phone; just imagining it was terrifying!
Normal stores can no longer sell the necessary goods, so people can only pin their hopes on the "speculative economy".
Later, the Chelsea free market was flooded with more than 100,000 vendors, and this was just the tip of the iceberg.
There are five trading markets of this size in the capital city of Moscow alone.
Are there any other cities?
At that time, an "underground economy" emerged, in which goods were hoarded and then resold at high prices, and this practice became increasingly rampant.
Many high-ranking officials and their children are simply the masterminds behind the scenes, and the government is powerless to control them.
Considering all this, the current sales volume makes perfect sense.
However, in Chen Dong's view, this is far from enough!
Based on selling 1,000 leather jackets a day, that's 80,000 rubles. After deducting all costs, the net profit would be at least 300,000 RMB.
300,000?
In the eyes of the Chinese people at that time, it was an immense treasure.
It would take a lifetime to save up that much money.
How long did it take Chen Dong to earn 300,000 yuan?
Just one day!
Even in later generations, such a rate of making money would be enough to surpass more than 99% of people.
But it depends on who you compare it to. Compared to those financial giants, it's nothing.
To achieve a leapfrog development and quickly close the gap with the big players in the financial world, one must seize every opportunity to make money.
1990 was a very important year.
This year, capital is being reshuffled worldwide.
If you miss this opportunity, even if you become the world's richest person in name only, you'll still be a nobody in the face of real capital!
......
Inside the hotel.
There was a brown-gray carpet on the floor, colorful tapestries on the walls, cabinets filled with ethnic-style glassware, and even bronze art sculptures on the tables.
This style was common in most homes during this period, which was related to their culture.
at this time!
Chen Dongzheng and Sim raised their glasses.
"Sim, a toast to the revolutionary friendship of our generation!"
"cheers!"
Sim first carefully savored the hard-won vodka, then downed it in one gulp, letting out a roar of exclamation.
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