There's no shortage of daily necessities in North America, but the cheap items I'm used to using are all gone, which is quite frustrating.
Both the supermarket and Amazon explained that "it was the merchants in the China region who were collectively boycotting the goods and refused to ship them."
A meddlesome law student complained: "Why not sue them?! They should abide by the contract since they received the deposit."
The supermarket manager replied, "The contract stipulates that the goods must be delivered within one week; only then would it be considered malicious withholding."
"It's only been five days, and these dozens of foreign trade merchants insist that they all encountered force majeure at the same time. What can we do?"
He silently held his breath.
The pressure on import and export trade is clearly aimed at the regulatory authorities.
"They can hold onto their goods for seven days, then a month, then a year! We need their products!"
Faced with the ever-growing tide of netizens, regulatory authorities became nervous, and the manager of the regulatory department in Europe and the United States was the first to speak out:
They agreed to waive the huge fine imposed on Longteng Group, and the portion they had previously received would be returned to the original account.
When Chen Dong received the notification, he was fishing with Xiang Feng from Asia Travel Capital.
“Boss, the North American division has waived our fine.” Annie deliberately raised her voice in front of Xiang Feng, “And they’ve also decided to give us $100,000 as compensation for reputational damage.”
Chen Dong nodded, then looked at Xiang Feng, "So? Is Longteng Electronics worth investing in?"
Xiang Feng looked at the fishing rod and did some calculations. "But from the time you said you wanted to fight back until now, you've taken nine days."
"Didn't we agree that it would be done in a week?"
Chen Dong turned his head away helplessly; Asia Travel Capital was indeed cautious.
"You're really something, managing to mobilize so many people to boycott European and American regulatory bodies." Xiang Feng looked at him with great admiration.
"Can you tell me why they're standing up for Longteng Group?"
Chen Dong's float bobbed, and as he reeled in the line, he cheerfully replied, "You're mistaken, they're not standing up for me."
"They were standing up for themselves."
"In recent years, the European and American markets have blocked not only Longteng, but also Chinese foreign trade merchants who went abroad with the concept of global trade integration."
Asia Travel Capital primarily invests in real industries, so they are actually most familiar with this situation.
Chen Dong added, "I suppose you Southeast Asian foreign trade merchants have also run into obstacles in the European and American markets?"
Xiang Feng nodded sheepishly in acknowledgment, while sighing, "It's just that they don't have someone like you to lead them in resisting and fighting for their interests."
"Grass carp!" Chen Dong laughed and released the fish he had caught back into the water. "Looks like I'm not having much luck today."
Lin Zhiyuan seized the opportunity to step forward and said to Chen Dong, "Boss, Lingnan Paper Industry is calling."
Chen Dong nodded, stopped packing his things, and looked directly at Xiang Feng, saying, "You two chat, I'll go get busy."
Accompanying Xiang Feng fishing was to secure capital for the Asian tour. Now that the "fish" has taken the bait, Chen Dong decided not to waste any more time.
Back in the office, Annie had just hung up the phone.
"That was a call from Lingnan Paper Industry Company. They said they wanted to thank Longteng for getting revenge for them!"
"By the way! The European region has now opened up channels for us, saying they'll waive the fines, but there's one condition: DragonTen can no longer block the export of fruits and vegetables from the China region."
Europe is experiencing a shortage of fruits and vegetables, and this joint boycott has indeed made them feel uneasy.
Chen Dong nodded silently, "This time, many foreign trade merchants have taken risks to help me, so we can't slack off."
"Don't worry, boss, I've already sent people to pick out generous gifts for all the CEOs!" Annie was truly thoughtful and considerate.
In terms of interpersonal relationships, Anne always manages to consider everyone's feelings.
"Boss, Xiang Feng, who's on his Asia trip, spent half the day fishing with you. Is he actually willing to invest?" Annie asked curiously.
Chen Dong smiled confidently, "I personally handled this little matter, how could I not handle it?"
“That’s right. Now that the restrictions in Europe and America have been lifted, iPod sales will soon return to their previous booming state.” Annie continued to analyze, “Those who invested in Sony before probably never imagined that we would turn things around so quickly.”
Ma Guoliang remained calm and collected, thinking things through further ahead.
"Since we can weather this crisis on our own, why should we involve Asian investment banks?"
The real economy is different from finance. In the real economy, 90% of businesses will make money, while finance is riskier and requires more investment companies and the stock market to share the risk.
What he couldn't understand was why Longteng Electronics would share a piece of the pie with others.
"Guoliang, think about how much money Longteng spent in the first stage of developing the iPod?" Chen Dong said earnestly.
“Sometimes, the investment in the technology field is not proportional to the output. We need a company to share the expenses during the development phase with us.”
"With strong capital, Longteng Electronics can better focus its energy on research."
That makes sense, but Ma Guoliang thought about it and said, "There are quite a few investment companies in China. Aren't companies in China better than those in Southeast Asia?"
"It's not a question of good or bad." Chen Dong thought long-term. When Asia Travel Capital called him, he wanted to bring Asia Travel Capital to his side.
"The economy of China is still in its early stages and is not as good as Southeast Asia or developed regions in Europe and America in any aspect."
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
