Shanghai, China.
Moscow is five time zones away from Shanghai; it is 2 p.m. in Shanghai at this time.
When Gabriel Wilcotts arrived at work in the afternoon, he habitually checked his computer and quickly found an email from Matthew Trollope. After reading it, Gabriel Wilcotts was overjoyed; his good friend was coming to China, and they could work together again!
...
...
Soviet Union.
Sitting in front of them was a Chinese man, who was the general manager of Xinghai Trading Company in the Soviet Union.
Ye Zhiqiang looked at the representatives of the three major oil companies and said bluntly, "Gentlemen, Xinghai Trading has a large inventory of light industrial products, including canned goods, clothing, shoes, food, tobacco, daily necessities, toys, paper, office supplies, hardware, and hundreds of other commodities. Our Xinghai Trading Company hopes to exchange these light industrial products for oil!"
Bartering was common practice in the Soviet Union.
Wujiang Group doesn't want Soviet rubles, otherwise, they'll lose a fortune.
The three major Soviet state-owned oil companies were there because they wanted to acquire this batch of light industrial products.
In the Soviet Union, there was plenty of oil, but a severe shortage of light industrial products.
If they bartered, the oil companies could make a fortune. Although they would have to sell the goods themselves, which added a step, they didn't mind the trouble at all. After all, who doesn't like money?
It was a seller's market, and Xinghai Trade held an absolute advantage. Oil was worthless in the Soviet Union, and storing it in warehouses was a waste; it was better to use it to exchange for other goods.
Ye Zhiqiang then aggressively pushed down prices, offering oil prices that were at least 50% lower than international market prices.
“Mr. Ye, your offer is far too low, 50% lower than the international oil price. It’s simply unbelievable. How could we possibly agree to it?” an oil representative said.
Upon hearing this, Ye Zhiqiang maintained his calm and confident smile. Currently, only Xinghai Trading could quickly transport large quantities of light industrial goods, therefore, the oil company would ultimately agree to his offer.
They had no choice!
Moreover, oil companies may not necessarily lose money.
Ye Zhiqiang said, "There is an extreme shortage of light industrial products on the market right now. Once Xinghai Trading Company's batch of goods appears on the market, it will definitely be in high demand. If our company sells these goods on the market, wouldn't we make more money than exchanging them for oil? Besides, your company can earn several times the profit by buying these goods, which will completely compensate for the losses on oil. So, do you still think you will lose money?"
After a pause, Ye Zhiqiang said in a nonchalant tone, "If you don't want to use oil to exchange for light industrial products, then forget it. Xinghai Trading Company can just spend a little more time slowly selling the goods."
Representatives from the three major oil companies looked at each other, managing only wry smiles.
The negotiating representative from Xinghai Trading Company was so adamant, leaving no room for negotiation. It was either a matter of exchanging goods according to Xinghai Trading Company's demands, or simply refusing to cooperate.
Thinking of the exorbitant profits from light industrial products, the group exchanged glances and nodded in agreement.
"Mr. Ye, we agree to the conditions you just proposed!" said one of the representatives from the three oil companies.
Upon hearing this, Ye Zhiqiang was overjoyed and completed the task even better than his boss had assigned.
At that time, international oil prices were basically stable at $20 a barrel, meaning that Xinghai Trading Company imported oil directly from the Soviet Union for $10 a barrel. Soviet oil wasn't easy to sell, but Wujiang Group could; they could resell it and make a huge profit, and in US dollars no less!
Ye Zhiqiang quickly signed cooperation agreements with the three major Soviet state-owned oil companies and indicated that long-term cooperation was possible.
Subsequently, Ye Zhiqiang immediately called Zhao Ye to report the situation.
Upon hearing this, Zhao Ye was immediately overjoyed.
"Buy as much oil as you can, Wujiang Group will invest heavily to fully support Xinghai's oil trade!!!" Zhao Ye solemnly instructed.
Zhao Ye suddenly remembered that between September and October 1990, oil prices surged and broke through $40 a barrel for the first time, before quickly falling back to around $20 a barrel by the end of December 1990.
The surge in international oil prices is certainly not without reason; it's because the US flexed its muscles in the Gulf, shocking the world!
Currently, a barrel costs $10. If it's sold for $40 a barrel, you'll make $30 per barrel. Even after deducting all expenses, the profit will still be outrageously high.
Ye Zhiqiang didn't know why Zhao Ye did this, but his boss always had a long-term vision, so he just had to carry out orders.
In order to purchase more oil from the Soviet Union, Ye Zhiqiang immediately contacted other Soviet oil companies.
Meanwhile, Zhao Ye also began making preparations—to trade oil futures.
However, trading oil futures carries certain risks, and if the timing is not managed well, one may lose money.
However, this is where the importance of obtaining information becomes apparent.
The Oriental News Agency, established by Zhao Ye, can play a significant role!
As long as Zhao Ye combines the history of his previous life with the information collected in this era, he can make an accurate judgment.
It's probably something the whole world didn't expect; the United States is so powerful. Not only China was stunned, but other Western countries were as well.
...
At this moment, the rampant purchasing of various light industrial products by Wujiang Group has directly led to the rapid growth of China's economy in a short period of time, thereby driving the development of various industries.
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