Xing Baohua asked curiously, "What's different?"
“We’ve worked with these companies before, and we all know each other well. Sometimes they even need our help. Haven’t you noticed that these companies are all in the electronics industry?”
"See? What are they begging you to sell?"
"We have control over the pricing of rare earth elements!"
Upon hearing Jin Xin's words, Xing Baohua narrowed his eyes slightly, thought for a moment, and nodded in agreement, acknowledging that it was indeed up to them to decide.
China Merchants Group does indeed have a rare metals company. However, it's unclear whether they have pricing power.
Besides, even if you can control the price, there's still a rampant smuggling market these days.
You're selling rare earth for just a few hundred yuan a ton. Before there's a unified and standardized market management system, can you control the price?
However, legitimate business transactions still follow certain procedures, and people need a formal organization to file taxes and so on.
If the controlled price is raised, won't the private market become even more rampant? The cost would be too high, including pollution, soil erosion, and so on. The money spent on cleaning up the mess later would be more than the money earned in the first place.
I couldn't bear to do it.
Xing Baohua said, "I have my own methods, you don't need to worry about me. Thank you. Please go back!"
Jin Xin crossed his arms and stared at Xing Baohua for a while before saying, "Alright! If you need anything, just give me a call. My phone is on 24/7, unlike some people whose phones are always unreachable."
As soon as Xing Baohua looked up, Jin Xin walked out of his office with a smile.
Having finally gotten rid of that person and just as he breathed a sigh of relief, Xing Baohua's phone rang. When he answered, he heard it was Vice President Liu from the People's Bank of China.
The other party said, "Xiao Xing! I heard from the China Merchants Group that they're planning to make a move on international crude oil, and they wanted you to be the general manager, but you declined. Can you tell me why?"
"I told him I was very busy and didn't have time. Besides, I'm currently preparing to acquire a Japanese company, and all my energy is focused on that. I'll go to Japan in a couple of days to discuss this matter," Xing Baohua said, trying to be tactful.
But he didn't say the real reason.
"Oh, okay, they asked me to ask if there are any concerns." This was a test.
Inviting such a high-ranking leader to ask this question shows the prestige of the China Merchants Group.
"Yes, they can do it, but I'm not suitable for managing it. Anyone else could do it. I can't say why right now, but I'll explain in person when we have time," Xing Baohua explained politely.
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