In the current international environment, it's basically impossible to rely on external forces. However, no one has done anything like massive monetary easing before, so someone needs to step forward with great courage to push this forward.
Based on Lu Feng's understanding of the course of history, someone eventually stepped forward in 1999 and issued more than 400 billion yuan in national debt. Since then, debt-driven development has become one of the mainstream ways to drive economic growth in China.
At the dinner table, Lu Feng could hear the urgency in Vice Mayor Liu's voice and understood the urgency of the current situation. But could Lu Feng alone turn the tide of history?
Impossible!
No one can reverse the times; we can only struggle within them and go with the flow. Currently, there is a shortage of tens of millions of jobs in China, with a large number of simple, repetitive positions needed.
Unable to offer any help, Lu Feng could only steer the conversation towards the students. The meal lasted for over an hour. As they were leaving, Lu Feng looked at Vice Mayor Liu and said, "We have no plans to return this year, but I can give you a definite answer: I will be back at the end of next year. I hope you will support our work then!"
"Okay! I hope I'll still be in Shenzhen then!" Vice Mayor Liu looked somewhat dejected. In his eyes, Lu Feng's words were just empty platitudes.
Back home, the two of them had a rare moment of leisure. Sitting on the living room sofa, they were silent for a while. Jiang Xiaoyan spoke up, "The state-owned enterprise reforms in northern cities are really causing massive layoffs. With no way to make money, everyone is heading south. This year, workers' wages are even lower than they were two years ago."
"On the way back, I saw people sleeping on the ground by the roadside. The environment is what it is, and no one can change it in a short time. Be careful when you are alone." Lu Feng came back and read some media reports. Cases of snatch-and-grab robberies and burglaries were starting to increase.
"I'll be careful. Security in the villa area has been tightened recently. I heard a few months ago that a family was robbed, and no one was left alive." Jiang Xiaoyan sighed and said, "This world is terrifying!"
"Don't let Duoduo run around alone. The little money she has is enough to tempt people to do bad things." Lu Feng lit a cigarette and said, "I'm going to Beijing the day after tomorrow, and I'll return to Hong Kong after that. Let's spend the Mid-Autumn Festival in Hong Kong this year. You can take Duoduo with you."
"There's still about two weeks left, let's talk about it later."
The two remained silent for a long time. Then Jiang Xiaoyan brought up Duoduo's extracurricular classes again, as if they had nothing else to talk about besides work and their child.
Two days passed in a flash, and Lu Feng set off for Beijing. This trip was mainly about Hurricane Semiconductor. Although there were no major problems, Lu Feng was still worried. The first batch of purchases had to be made, otherwise it would become increasingly difficult later on.
This time, it wasn't just Lu Feng; the team from Tianjin also brought over the second-generation Hurricane product for assembly and testing. The computer's motherboard, processor, and memory are Hurricane's main products, and the mobile phone business line was also included, with the previous Jiaxun mobile phone technology being completely retained.
Lu Feng planned to return at the end of 1998. His first priority was to revive the mobile phone business and develop multiple sectors, including finance, real estate, technology, and the internet. With such a large investment, he would no longer need to raise funds. After acquiring United Capital, he would contact more companies in mainland China to go public, rapidly increasing United Capital's profitability. He would then use the funds for investment and borrowing in mainland China.
Within days, news of the sharp decline in the Hong Kong stock market came one after another, and some major media outlets in mainland China began to report on it, criticizing Wall Street and Soros, calling them robbers.
Lu Feng's situation in Beijing was relatively smooth. Unlike many years later, when anyone could easily compare performance and parameters in the semiconductor field, the current leaders knew nothing about these things. When they heard that they could get 80% of Intel's performance for only 50% of Intel's price, they immediately felt it was a great deal!
On September 4th, both parties signed a letter of intent for centralized procurement, which set the basic prices. Hurricane Semiconductor will receive a large number of orders next year.
On the morning of September 5th, Lu Feng received a call from the Hong Kong office, telling him to come back immediately, as the situation was not good.
Lu Feng now understood how to deal with these people. He said on the phone that he would arrive no earlier than September 7th. Firstly, he was busy with work, and secondly, he didn't have enough time to travel from Beijing to Shenzhen and then to Hong Kong.
During the phone call, Lu Feng learned that the Hong Kong Monetary Authority (HKMA) only had tens of billions of dollars left. They had been hit hard several times in the past few days and simply couldn't withstand it. Because the mainland media had labeled them as robbers, many people were angered by the criticism. Soros publicly stated in the Wall Street Journal that they were confident of defeating Hong Kong.
On September 6th, Lu Feng calmly departed from Beijing, landed in Shenzhen around noon, had dinner with his family, and returned to Hong Kong on September 7th.
Lu Feng didn't call a car to pick him up. Instead, he took a taxi to the office. The driver told Lu Feng about the situation over the past few days, his words full of pessimism.
"They've openly stated that they're targeting us. These people are nothing but robbers. Look at Thailand, Myanmar, and Vietnam—they've been ruined." The driver sighed helplessly and cursed a few more times.
"It will be alright!" Lu Feng comforted him.
After getting out of the car and paying the bill, Lu Feng walked into the office. There were quite a few people in the reception room. The market situation today was a mess. It could be said that a stock market crash was taking place right now. Sun Hung Kai's market value once fell below 50 billion!
The Hong Kong dollar was battered so badly that it couldn't lift its head. Short sellers were rampaging across the market like a raging beast. At this moment, which retail investor would dare to go long? Looking at the massive sell orders, they were probably already terrified.
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