However, the most stable option should be the unification of exchange rates, with the US dollar rising from 5.8 to 8.7. This should be the most profitable thing.
At that time, Lin Yifeng can exchange a large amount of foreign currency and then take advantage of market fluctuations to make a profit.
However, this matter will only make headlines at the end of the year.
Taking action too early now might attract the attention of local authorities.
If someone were to be accused of "transferring assets and fleeing," it would be extremely detrimental to their future.
With this in mind, Lin Yifeng also began to consider what to do and what to do this year.
The next morning.
Lin Yifeng then received a phone call that surprised him.
It was Zhao Youming from the Industry and Commerce Bureau.
"Young Master Lin, you're not even coming out to eat with the brothers this time."
"Big bosses are different!"
"What are you busy with?"
Lin Yifeng answered the phone and replied jokingly.
"It's nothing, I'm planning to lose some weight recently, I gained a little weight over the Chinese New Year."
A brief silence fell over the phone.
Before long, Zhao Youming posed a profound question.
"Young Master Lin, you're so fat, what should I be called then?"
After teasing each other, the two burst into laughter.
It has to be said that if the public knew that Zhao Youming was an official, they would definitely demand a thorough investigation from higher authorities.
You could sense Zhao Youming's corrupt appearance just by walking around; he would pant for breath after only a few steps.
However, this is not Zhao Youming's fault. He has tried to lose weight, but his physical condition is just like this.
According to Ye Wuzheng and the others, Zhao Youming is the thinnest person in his family, except for his mother and sister.
His father even argued with Zhao Youming's mother because Zhao Youming's sister was too thin, and they almost went to the hospital to do a paternity test.
Every time they drink, Zhao Youming complains about this and envies the physiques of Ye Wuzheng and his group.
However, Lin Yifeng had some doubts.
Usually, when Zhao Youming calls him, it's mostly to ask him how to play Street Fighter, but today's call didn't seem to be related to games.
Lin Yifeng didn't mince words and went straight to the point.
"Fatty Zhao, tell me honestly, what do you want from me?"
Zhao Youming chuckled on the other end of the phone, then deliberately lowered his voice.
"Young Master Lin, to be honest with you..."
“There’s been some activity lately. Don’t you own a supermarket?”
"You should pay a little attention to the price of grain."
Lin Yifeng was stunned upon hearing this.
He was a little confused as to why Zhao Youming was suddenly saying all this.
However, upon further reflection, since the "going into business craze" began in 1992, many people with stable jobs have chosen to start their own businesses, and many shops have opened in Makino City.
The most popular establishments were department stores and supermarkets, which gradually emerged around 1993.
Since Pang Donglai started last year, Lin Yifeng knew that no fewer than five shops in Muye City were being converted into supermarkets, preparing to take a share of the market from Pang Donglai.
Lin Yifeng was not worried about this.
The reason why Pang Donglai has been able to stand strong for so many years is because of its reputation.
With Donglai managing things, Pang Donglai's market share is unlikely to be squeezed out by other supermarkets.
"Is something the matter?"
Lin Yifeng's expression turned serious as he pressed for further details.
Zhao Youming explained it quite frankly.
"We recently received a document instructing us to prepare for controlling grain prices. I'm informing you in advance."
"This matter is most likely settled; the higher-ups are very concerned about it."
"But I don't know the specifics yet; I'll have to wait until after the New Year."
"The conference hasn't started yet; we've only received a notification."
"Young Master Lin, be careful. This matter is probably not as simple as it seems."
Lin Yifeng frowned after hearing this.
After exchanging pleasantries with Zhao Youming for a while, he also hung up the phone and tried hard to recall the grain-related matters from 1993.
Just then, Lin Yifeng noticed the newspaper in his hand.
When he saw the newspaper article reminding him that the Muye City Supply and Marketing Cooperative would be holding an event after the New Year, Lin Yifeng slapped his thigh.
"yes!"
"How could I have forgotten about that!"
In 1993, in addition to the things Lin Yifeng mentioned earlier, there was another event that was enough to change the social landscape.
That is, the grain coupon system was abolished in 1993.
This system, which existed in China for nearly forty years, finally came to an end in 1993, marking the transition of China from a "shortage economy" to a "surplus economy."
From the "dual-track economic system" that began more than a decade ago until around 1992, the prices of most commodities began to be determined by the market.
Even though Pang Donglai's business was booming, the older generation still preferred to exchange their grain coupons at the supply and marketing cooperative for basic necessities like rice, oil, and salt, rather than buying them directly from the market.
Most importantly, this incident happened in February of 1993.
From that time on, supply and marketing cooperatives no longer required grain coupons to purchase goods, and eventually they gradually withdrew from the market.
If Zhao Youming hadn't reminded Lin Yifeng...
Lin Yifeng has probably forgotten this important matter.
That noon, Lin Yifeng found Donglai and the other two, who had just woken up in the bathhouse.
"Donglai, transfer 300,000 yuan from the finance department this afternoon to stock up on daily necessities like firewood, rice, oil, and salt at Pang Donglai."
"Qingyi, you're in charge of finding people to help your brother Dong move the goods."
"Old Guo, go find a good warehouse now and get some money to stockpile flour."
The three of them were also a little confused by Lin Yifeng's sudden instruction.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
