The twins returned to China just in time for the Spring Festival, so they spent the holiday there. They only returned to the United States after Kunkun was sentenced to five years in prison.
Jiang Ning was still a little worried, so she asked a friend abroad to cause some trouble for Ma Huijuan, making it impossible for her to stay in M country and forcing her to return to China.
Ma Huijuan hated Jiang Ning again, but knowing she was not strong enough, she dared not confront her rashly and could only bide her time.
Five years have passed in the blink of an eye.
In 1997, Hong Kong returned to the embrace of the motherland, and everyone was excited, ready to expand their businesses and make a big splash.
Only Jiang Ning knew that a financial crisis was imminent.
At the board meeting of Fuqiang Group, everyone was thinking about expanding the company's scale and opening more projects. Only Jiang Ning demanded that all projects that could be completed within the year be completed as soon as possible, and that no new projects be accepted. In the next few years, the company's development only sought one word: "stability".
As a result, some voices within the group have expressed opposition to Jiang Ning.
Of course, these voices are insignificant under her absolute control.
After Li Jianfeng was imprisoned, R&F Group was acquired by Xiang Qiang, who then began to establish his own businesses in Beijing.
After several years of development, the company has taken its size to a new level.
Fuqiang Group's market value has reached 5 billion, and Fuli Group has reached a scale of 1 billion.
After Hong Kong's return to China, Xiang Qiang was even more optimistic about the domestic market and wanted to take the opportunity to expand his business.
When Fuqiang Group was scaling back its business, he put all his funds into buying land and acquiring projects, even going so far as to borrow 2 billion yuan from banks.
For a time, R&F Group's development in Beijing was booming, and it frequently appeared on television and in newspapers, becoming a Hong Kong-funded enterprise that everyone talked about over tea.
For this reason, Xiang Qiang even came to the capital to hold a meeting.
When the meeting was held, we happened to be staying at Jiang Ning's five-star hotel.
Upon hearing this, Jiang Ning even visited the hotel for a meeting.
In a small conference room at the hotel, the two sides held friendly discussions on some business matters.
"President Jiang, I'm so sorry. I know you've been eyeing that piece of land in Jinshan for a long time and were preparing to make a move, but our group's board of directors unanimously voted to take it. I was just following the interests of the shareholders and had no other choice but to make the move. Please don't take offense!"
Xiang Qiang smiled smugly.
He is now a local tyrant in Hong Kong. He has killed several other gang leaders, so he has the right to be arrogant.
However, his biggest mistake was competing with Jiang Ning for the same piece of land.
Jiang Ning planned to reserve that piece of land in Jinshan for Tongtong.
He studied electronics technology abroad, and after he returned, Jiang Ning wanted to give him the management of an electronics company.
He's good at technical skills, but he might not be good at management. Giving him an electronics company is a good way to give him a chance to try his hand at it.
Who knew that Xiang Qiang would suddenly appear out of nowhere, offering an extra 20 million to take over the land.
Of course, one person must be mentioned here: Li Jiabao.
After a long period of lying low, he finally managed to curry favor with a powerful figure and became the Vice Minister of Construction, even gaining a say in government land purchases.
Knowing full well that Jiang Ning was determined to get the land in Jinshan, he deliberately dragged his feet, which ultimately allowed Xiang Qiang to take advantage of the situation and seize the land.
Regardless of whether Li Jiabao and Xiang Qiang had any private dealings, she was certain that as long as Li Jiabao remained in office, the group's development would be hampered by him.
However, before Xiang Qiang could be happy for long, the financial crisis broke out abroad first and then spread to China.
Hong Kong was the first to be affected.
Orders decreased, factories closed, construction projects were abandoned, and people lost their jobs.
With Hong Kong's control over triads, Xiang Qiang was like a powerfully shot arrow that had lost all its strength before even reaching the bullseye, and could only fall to the ground under the influence of gravity.
This fall was no big deal; it was no different from a roc breaking a wing.
Just as he was hoping that the impact on the capital would be less severe, his investment in Jinshan also encountered the predicament of not being able to buy raw materials and the project being unable to proceed.
If a bank cannot repay its debts when they mature, it can only use assets to settle the debt.
Xiang Qiang's hard-earned business empire was destroyed just like that. Almost all of his industries in the capital were wiped out, leaving only some scattered industries in Hong Kong. He kept his tail between his legs and never dared to set foot in the capital again.
The financial crisis did have a much smaller impact on mainland China, but that doesn't mean it had none.
Some companies that blindly pursued expansion were hit the hardest this time, while some established companies that stuck with old equipment and methods and didn't strive for progress have now completely lost their way to survival.
Many garment factories and electronics factories, reluctant to close their businesses, approached Jiang Ning hoping she could lend a helping hand, but she refused.
"This is the tide of the times, which no one can stop or avoid. Only those companies that continuously improve technology and productivity can leave a place in the long river of history."
Since the 1990s, there has been a continuous wave of layoffs.
Many people still cling to the idea that only stable factory jobs are good jobs, and look down on those who set up small stalls or run businesses.
Little did they know that those who went into business had already left those who worked in factories far behind.
The more arrogant the sales clerks were back then, the more miserable they became after being laid off.
When the economy declines, everyone will realize who's been swimming naked.
The group's board of directors then realized how accurate Jiang Ning's market judgment was, successfully avoiding the impact of the financial crisis on the company, and even taking advantage of the government's re-auction of land to snag a bargain.
The land in Jinshan was acquired again, but for a loss of 50 million.
She not only acquired all the land she had her eye on, but also bought up some promising companies and restructured them.
In the following years, while other companies were in dire straits and selling off assets, she had enough funds to buy assets.
By the year 2000, the company had reached a scale of tens of billions.
At this time, it was incredibly easy for them to borrow money from banks. Basically, they only needed to state a number, and the bank would approve the paperwork and give it to them.
The group company pays hundreds of millions in taxes every year, not to mention the interest on these loans.
Basically, the group only needs to pay interest each year, and does not need to repay the principal.
The group's debt also reached 5 billion.
Fuqiang Group is like a giant ship sailing in the torrent of the times. It has a huge system that supports hundreds of thousands of employees and their families. At the same time, it is also walking on thin ice. At the slightest disturbance, the giant ship will stop or even capsize.
Jiang Ning was undoubtedly an excellent helmsman, leading this ship to brave the wind and waves and move forward at high speed.
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