However, this generation of country M is in a terrible state!
Wujiang Group plundered the national fortune of country M, causing the development of the information technology industry in country M to be slow. The vast market of country M actually contributed to Wujiang Group.
"Although revenue increased significantly last year, the group's profits were not as high as in previous years. The main reason is the excessive investment in research and development and the construction of many large-scale investment projects. Last year, Wujiang Group's R&D expenditure exceeded US$40 billion, accounting for about 11% of the group's total revenue, of which more than 30% was used for research and innovation!" Secretary Liu Yinyin reported in Zhao Ye's office at this time.
The massive R&D funding not only supports Wujiang Group's own R&D, but also provides support to schools and research institutions involved in industry-academia-research collaboration.
China's rapid technological development is inseparable from the huge investment made by Wujiang Group in scientific research.
It's important to understand that Zhao Ye had already pointed out the direction of research and development, saving a significant amount of time and the cost of trial and error. Even so, Wujiang Group's annual R&D expenditure still exceeds 40 billion US dollars.
Zhao Ye remained calm upon hearing this.
The greater the investment, the greater the return.
He doesn't care at all about how much he invests.
“Research and development investment must increase every year. If we don’t strive for progress, Wujiang Group will be overtaken by other companies. Look at Lenovo now. It was a company that was in the same era as us, but now it’s developed into what is the difference between us and an assembly plant? We should learn from this! If a technology company does not invest in technological research and development, it’s pure nonsense and it will perish sooner or later.”
As Zhao Ye spoke, a hint of disdain appeared on his face.
Liu Yinyin nodded repeatedly.
She was also one of the earlier employees to join Wujiang Group. Lenovo was also founded at the beginning of Wujiang Group's establishment. At that time, Wujiang Group and Lenovo could be considered to have the same lineage, both originating from the Chinese Academy of Sciences.
Wujiang Group's success today is due to its emphasis on technology.
Lenovo only engages in comprador activities, becoming a mere 0.1% of the Wujiang Group.
In other words, Wujiang Group is now worth a thousand Lenovo companies.
There might be even more!
On Wall Street, Wujiang Group is highly favored, while Lenovo is considered worthless.
Suppose that one day Lenovo and Wujiang Group go bankrupt, and Liu Chuanzhi and Zhao Ye both want to start a new business, even if Liu Chuanzhi shouts himself hoarse, few people will be willing to invest in him.
As for Zhao Ye, before he even has a chance to speak, investment companies all over the world are vying to invest in him, often with hundreds of millions of dollars!
“Starting this year, Wujiang Group will adjust its investment plans in Asia!” Zhao Ye said slowly. “Some industries with relatively low risk of economic crisis will be sold off as soon as possible.”
The Asian financial crisis is coming next year, and Wujiang Group has a huge business presence in Asia, so it has to leave in advance.
The sold assets can be bought back at a low price after the Asian financial crisis.
One sale and one purchase, and they made an incredible profit!
The so-called crisis is one where there is both danger and opportunity.
For Wujiang Group, the Asian financial crisis was undoubtedly a tremendous opportunity.
Not only was Wujiang Group able to profit from the opportunity, but it was also able to aggressively buy up shares at rock-bottom prices afterward, thus establishing Wujiang Group's economic status and influence in Asia!
With Wujiang Group's vast industrial footprint spanning across Asia, it may be able to achieve regional de-dollarization, allowing for direct use of RMB in trade, tourism, and other activities within Asia.
The US is printing dollars like crazy, exploiting its own people, and Wujiang Group is the first to suffer huge losses.
Starting in Asia, China will gradually reduce its reliance on the US dollar, and then expand this further globally. In Africa, if Africans want to buy things, China can provide the most complete and comprehensive range of products, so there's no need to spend US dollars to purchase them. Therefore, Africa is also a region where the internationalization of the RMB can be rapidly promoted. RMB clearing centers can be established there, making the RMB a hard currency in the region.
Liu Yinyin was very familiar with Zhao Ye's plan.
Financial experts within the Wujiang Group conducted research on the economies of various Asian countries and discovered significant problems. The fixed exchange rate systems of countries such as Thailand, the Philippines, Vietnam, and Myanmar are flawed, and if someone were to take advantage of the situation to short the market, it would become the final straw that breaks the camel's back.
Furthermore, the entire Asian region began to experience excessive economic growth and a surge in non-performing assets, with the real estate bubble growing larger and banks' non-performing assets increasing.
Furthermore, the negative impacts of economic globalization are far-reaching and have far-reaching consequences.
Taking all factors into account, an Asian financial crisis is inevitable and unstoppable!
It's just a matter of who has the wisdom and courage to be the first to step forward and trigger this Asian financial crisis.
Because Wujiang Group has many businesses in Asia, this pioneering role had to be given to someone else.
Coincidentally, George Soros of the Quantum Fund is already sharpening his knives in Asia...
(End of this chapter)
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