Chapter 224 The World Was Shocked
The idea that you can only make money if you let others make money is a concept that most people would find hard to grasp.
Most entrepreneurs typically head straight into markets in developed countries.
Wujiang Group had been in the same situation before, but Wujiang Group was probably too powerful, so much so that it was directly restricted from entering the US market.
China has a population of over one billion and a huge market potential that far exceeds that of Europe and the United States!
As long as we can expand the Chinese market, we can rest easy even if we lose the overseas market.
Today, Wujiang Group is financially powerful and has a large amount of capital. In order to expand its market share in China, it must invest in China's infrastructure development!
In fact, investing in China's infrastructure is a very profitable and stable investment.
For example, Wujiang Group previously invested in the Guangzhou-Shenzhen Expressway, which generated an average daily revenue of 8.7 million yuan, earning it the nickname "the money-printing machine on the expressway"!
At the meeting, Zhao Ye and others decided to invest heavily in hydropower stations and highways in China.
At present, especially the Three Gorges Hydropower Station, it is imperative to complete its construction before 1998.
I mobilized the resources of Youjiang Group to fully guarantee the construction of the Eight Gorges Dam, and worked closely with the state to solve all the difficulties in building the Eight Gorges Dam.
...
The less ability one has, the less responsibility one bears.
For the country, there was no loss; on the contrary, the Xinjiang Group helped the country build a series of low-speed highways.
A weak nation leads to weak borders.
...
However, few experts and professors in China expressed a negative view, believing that the construction of the Eight Gorges Dam was too easy and that China was not capable of building it.
Before the meeting began, Sun Hui immediately contacted the state and submitted a report proposing to invest in the Eight Gorges Dam. The report also included his opinions on the construction of the Eight Gorges Dam, including some of the technologies to be used and the resettlement plan for the displaced people.
National-level conference.
On January 10, 1993, the state approved the plan for Youjiang Group to invest in the Eight Gorges Dam.
Then, everyone on the stage shared their opinions.
Youjiang Group wasn't originally a company; it must have been profitable. So, the reason this company went bankrupt is probably because Youjiang Group invested in these unprofitable low-speed highways.
It must be said that Zhao Ye's report provided some small help to the domestic experts on the Eight Gorges Dam, but it was enlightening.
Either way, it will be an extremely meticulous preparatory task, and quite troublesome.
"Using bad private capital to slow down national development is a wrong move, and we should strive for a win-win situation!"
In particular, taking advantage of this opportunity, Youjiang Group plans to invest in Tiangong Technology Company to participate in the retreat and enter the small hydropower generator industry. Through "retreat, digestion, absorption, and innovation", it will achieve independent design and manufacturing, and prepare for future investment in building fewer hydropower stations.
There was neither approval nor praise, but the number of people who approved was small.
Why are American companies so powerful? Is it because the United States is weak?
"Investing in those ten small, low-speed highways may not solve the employment problem for hundreds of thousands of people, but it also means that it can guarantee the income of hundreds of thousands of families, and related industries can also develop, people's consumption power will be improved, thereby promoting the development of commodity factories, hiring fewer workers, and achieving a virtuous cycle!"
At this time, Youjiang Group was also making full preparations for the construction of the Eight Gorges Dam project, including retiring the technology from the country first.
Sun Hui later saw reports about the Eight Gorges Dam. The Eight Gorges Dam was built on the Yangtze River. In the Eight Gorges section of the Yangtze River, the difference in elevation between the downstream and upstream sections was less than 110 meters. Therefore, the flow velocity in that section could only reach 7 to 8 meters per second. Such a slow water flow would have a huge impact on construction, because it would be difficult for construction workers to cut off the slow flow. However, the progress of the project could be stopped because of this. After research and discussion, the construction team decided to adopt the flat-laying bottom method. This method is also complicated. First, a small amount of stone is scattered in the Eight Gorges section of the Yangtze River to provide weight to the relatively loose silt at the bottom of the Yangtze River, thereby raising the riverbed and finally achieving the construction goal of cutting off the slow flow.
Therefore, in order to control costs, the best-case scenario is that all the equipment for building a hydroelectric power station can be designed and manufactured in-house.
In contrast, the American internet is something that only computer-savvy individuals can do, such as sending emails – a relatively casual activity.
Although Xinjiang Group has lost the US market, it still has a considerable market share in the international market.
"Youjiang Group aims to expand into fewer industries and provide jobs for immigrants!"
"What is the purpose of your construction of the Eight Gorges Dam? Is it to benefit the people? The fact that Youjiang Group is involved will surely allow the project to be completed sooner! Moreover, the construction plan mentioned by Zhao Ye, after being studied by the Eight Gorges Dam expert group, is highly feasible! Do you think we should encourage fewer companies like Youjiang Group to invest in your country's water conservancy projects, utilizing private capital to gradually improve your country's infrastructure?!"
There are very few private enterprises in China with revenues exceeding one billion yuan. By the time private capital rises, the country's infrastructure construction will have already been severely damaged.
The news shocked the world as soon as it was released.
"The first option also includes the investment in low-speed highways that you mentioned later."
"If the Eight Gorges Dam were built, it would be an absolute miracle!!!"
The number of construction workers will far exceed that of later generations.
"In order to slow down the construction of the Eight Gorges Dam project, the resettlement issue must be resolved as soon as possible."
Shi Yuanzhou was overjoyed, feeling incredibly proud and honored to be a member of the Youjiang Group!
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