The rapid expansion of the RMB in Africa was unexpected by the United States, after all, no one has dared to challenge the hegemony of the US dollar for a long time.
The Japanese yen won't work, and neither will the euro.
The once-powerful euro has long been defeated by the US dollar.
However, things are different now. With the rise of China's economy, the RMB has gradually become the mainstream trend in the international financial market, and this trend is unstoppable.
China has proven with its strength that the world will continue to revolve even without the US dollar!
In fact, the world has suffered from "beauty" for too long!
The United States abuses the hegemonic position of the dollar to seize the assets of other countries and impose sanctions. As a result, in order to avoid losses, countries around the world are gradually choosing more stable and value-preserving sovereign currencies.
Zhao Ye continued to say to Zhou Anping, "We should appropriately increase our investment in the African financial market. Once Africa rises, it will undoubtedly have great potential. We must seize the initiative before other companies do!"
After all, China's large-scale investment in Africa will inevitably drive the development of Africa.
Galaxy Financial Group's early investment in Africa was ultimately a wise move.
Upon hearing this, Zhou Huicheng nodded, indicating that he understood.
Due to the influence of Wujiang Group, Galaxy Financial Group has found it difficult to establish itself in Western countries.
Western countries are overly vigilant, viewing Galaxy Financial Group as a monstrous threat and fearing it might jeopardize their financial sector.
However, Galaxy Financial Group has established a firm foothold in Asia, South America, and Africa, becoming a significant international financial giant.
...
As China undertakes large-scale infrastructure construction in Africa, many iron ore companies are feeling increasingly threatened.
Vale, a Brazilian company, is a giant in the global iron ore supply chain, and many of the raw materials used by Chinese steel companies come from Vale.
As China continues to acquire more and more iron ore from Africa, Vale is finally getting restless.
"China's massive investments in Africa, including the construction of railways and ports, are almost all in preparation for the development of African mines! Once the railways are operational, a steady stream of iron ore from Africa will be transported out. At that time, China will inevitably reduce its imports of iron ore from other regions..." Vale's president, Roy Bob, said with a frown and a deep voice.
The other executives at Vale nodded in agreement.
"Yes, it's an inevitable trend that can't be stopped! Fortunately, China's development speed is very fast, and its annual iron consumption is increasing. In the short term, I don't think it will reduce iron ore imports, but in the long term, China will inevitably import as much iron ore as possible from Africa!"
"Australia is closest to China, and its iron ore is of very high quality. It can be said that Australian iron ore has a significant advantage over our Brazilian iron ore! China is a very important customer for Vale, and losing it would cause unimaginable huge losses to the company! Therefore, my idea is that it is time to improve relations with China, offer preferential iron ore prices, and sign a long-term and stable iron ore supply contract with China! Even if China reduces its iron ore imports in the future, it will only reduce the share of iron ore exports from Australia!"
"That's right! We won't be as short-sighted as Australian iron ore companies. Besides, we're quite far from China, which puts us at a natural disadvantage. Therefore, we need to play the emotional card with China. China is a great country, and they have a very famous saying: 'A drop of water in need is repaid with a spring of water.' If we make slight concessions to China on iron ore now, we will surely gain China's friendship in the future. I think this is very important!"
"I agree!!! China is already the world's largest economy, a world power comparable to the United States, and will inevitably surpass the United States in the future. I believe it is absolutely necessary to be on good terms with such a powerful country!"
"..."
Senior executives at Vale, a Brazilian company, have consistently believed that it is time to set aside prejudices, extend goodwill, and embrace the Chinese market.
This is a timely help, but it will only be icing on the cake in the future.
Don't wait until China no longer needs you before you realize your mistake; by then, it will be too late.
Soon after, Vale sent representatives to China, expressing its willingness to lower iron ore prices in hopes of securing long-term and stable orders from China.
Upon hearing this good news, China was overjoyed and immediately sent people to negotiate with Vale of Brazil.
After the negotiations began, the two sides talked very amicably.
China quickly decided to increase its iron ore imports from Brazil's Vale and signed a long-term contract with the company.
After the contract was signed, Vale of Brazil breathed a sigh of relief...
News that Vale of Brazil was selling its iron ore to China at a reduced price quickly reached the ears of Australian iron ore companies.
"Those idiots in Brazil are incredibly foolish, they've affected us too! China is once again demanding that we lower the price of iron ore! Hah, no way!"
A portly, blond white man, smoking a cigar, said with a disdainful look, "Iron ore prices have been rising all these years, so how could they possibly go down? Besides, China is developing so fast, and its iron ore imports are increasing every year, so of course we can't lower prices."
The other mine owners laughed heartily, smoking cigars, living in luxurious villas, and enjoying massages from beautiful women. They were living a life of unparalleled comfort and ease, all thanks to exporting high-priced iron ore to China.
If the price of iron ore decreases, their quality of life will decline, which they certainly don't want.
reject!
Australia rejected China's request without any hesitation!
China could only keep this in mind.
Currently, due to China's high-speed rail construction and its large iron ore consumption, coupled with the fact that iron ore mining in Africa is not an immediate process, Australia's iron ore imports have not decreased for the time being. However, China will eventually need less steel, and the consequences for Australian iron ore companies at that time are predictable…
Zhao Ye couldn't help but laugh when he saw Australia reject China's request again.
He felt that Australia was truly blinded by greed, or perhaps it had become so arrogant after years of manipulating China.
Zhao Ye was naturally happy to see this happen.
Australia is, after all, Galaxy Mining Group's biggest competitor, and the more foolish Australia makes, the happier Zhao Ye is.
This would allow China to purchase more ore from Galaxy Mining Group.
"When a person's greed reaches a certain level, it is tantamount to self-destruction..." Zhao Ye muttered to himself, unable to help but sigh.
(End of this chapter)
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