Fortunately, we invited Yang Jing to attend this trade fair. After all, she understands foreign trade, and there are many intricacies involved; one wrong move and you could capsize.
Upon arriving at the venue, we found representatives from the organizers and the head of the general foreign trade company.
The event was large and grand.
After all, the transaction amount was very large, so the higher-ups had to take it seriously and sent these people to help Xing Baohua finalize the contract.
Xing Baohua proposed supplying 3,000 communication equipment units per month. Once the electronics factory upgrades its equipment and production capacity catches up, the delivery volume will gradually increase.
The other party agreed, but the transaction must be completed by the end of 1986 at the latest.
Xing Baohua agreed, saying that it wouldn't actually take two years; one year would suffice, but the insurance period would still end in 1986. The penalty for breach of contract was a staggering one hundred million US dollars.
The Chinese people present all felt that they couldn't understand the young factory director; he was just too bold.
A penalty of 100 million for breach of contract? That's quite a gamble!
Without paying the 100 million yuan penalty, how can we accept the full amount of the order? Otherwise, we can only negotiate with the other party to order less goods.
Xing Baohua also treats people differently based on their production volume. Those with small production volumes don't receive the same treatment; they either have to deliver according to his order schedule or have their intended orders canceled.
This forces small business owners to either wait or give up.
In the end, those small business owners chose to wait.
After some discussion, Xing Baohua changed the price he had previously quoted to an FOB price.
Signing contracts for five consecutive days—to be honest, this collective contract signing was really tiring!
After the contract is signed, the buyer will transfer 70% of the payment to the head office's account.
The remaining 30% will be deposited into the designated account after Xing Baohua completes all the deliveries.
And so, Xing Baohua's final total transaction amount reached 3.23 billion.
It was featured on CCTV's evening news that very night.
The money was too easy to make, and with the added benefit of export tax rebates, Xing Baohua made a fortune.
Once these subsidies and tax refunds arrive, it will be a good time to increase real estate acquisitions in various provinces and cities.
There were still five days left until the trade fair closed.
Xing Baohua sent the staff in Pengcheng back in batches, while the publishing house staff stayed behind.
The secretary told Xing Baohua that the factory had called and asked him to return the call.
Xing Baohua called the factory back from the public phone in the lobby. Xiao Bomei told Xing Baohua that someone from Hong Kong had come to see him, saying that someone was from a record company.
Xing Baohua knew that it was people from Huaxing who had come looking for her.
Tell Xiaobo the phone number of the hotel where Wang Weibao is staying in Shenzhen, and tell her to wait for him in Shenzhen in six days.
I originally planned to meet in Nanjing, but then I realized I also had to go to Shenzhen, which would be convenient for the other person to go home from Shenzhen. See how thoughtful I am?
When Yang Jing waited for Xing Baohua to return, she told him to be prepared, because with his grades, he could register for a doctor's appointment in the province.
There might be a committee member or representative. Let him decide which one he wants to join.
How could I possibly think about this? I've never even been to such a high-class place in my past life.
How do I enter? Can I choose for myself?
I humbly sought advice from Yang Jing, since she was someone within the system and knew about these things.
Yang Jing explained to Xing Baohua simply that one is a discussion body and the other is a decision-making body.
Xing Baohua immediately understood.
The greater the power, the more responsibilities one has.
Xing Baohua is lazy and even unwilling to participate in these matters, so he can become a committee member. He can eat melon seeds and drink tea, discuss or chat, which is very comfortable and can also expand his network.
After he shared his thoughts, Yang Jing pouted at him and said, "You're spineless."
Well, if I were so incompetent, I could have earned over 3 billion.
Converted into Chinese currency, that's only a little over four billion. Add that to the one billion US dollars I kept behind, and that's a lot of money.
To put it bluntly, while they were still struggling to become millionaires, Xing Baohua had already made over a billion.
He's undoubtedly the richest man in China.
But he dared not address him! That would be courting death!
The leaders of the delegation would often come to Xing Baohua's place to try and get on his good side.
Director Li, who had been missing for a long time, also reappeared.
Those who previously held reservations about him changed their tune and fawned over him. They chatted and laughed, offering their congratulations.
Yang Jing whispered to Xing Baohua that these people all had ulterior motives and that he should be careful.
Everyone knows that Xing Baohua has a large amount of foreign exchange reserves, nearly a billion dollars. Even if Xing Baohua were to buy equipment and materials, he wouldn't be able to use up all of that foreign exchange.
So they set their sights on Xing Baohua's foreign exchange reserves.
After Yang Jing's reminder, Xing Baohua understood. "We don't even have enough for ourselves, and you're giving it all away?"
A billion US dollars—do you know how many companies you could buy in the US?
However, Xing Baohua finally managed to distribute the ten boxes of business cards he brought. The secretary no longer needed to carry the heavy boxes back.
No matter who came to Xing Baohua to ask how to use the foreign exchange he had, or to exchange some for them, Xing Baohua would always say, "We'll talk about it later."
These business people all thought they had a lot of influence and knew a lot of people. They tried to pull strings and build connections in order to get in touch with Xing Baohua and get him to allocate some foreign exchange for them, just because they had pulled strings.
After asking around, I found out... Holy crap.
No one told him the exact number; the only person he found out was the town party secretary, with whom he had a relatively close relationship.
That face is probably only worth ten or twenty thousand US dollars!
No one expected that Xing Baohua's relationship would actually be like this...
How did he end up like this, with no connections whatsoever, and nobody can talk to him?
Since they can't get along with each other, they try to get on each other's good side. The number one trick Chinese people use to get on each other's good side is to invite them to a banquet.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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