A few people were scattered around, standing or sitting, whispering to each other from time to time. Everyone had a relaxed smile on their face, and the younger people's smiles were more sarcastic, as if they were waiting to see someone make a fool of themselves.
Lei Jun stood not far away, surrounded by several young people of similar age to him.
"To be honest, I thought this kind of high-class private party would be really luxurious before I came, but I didn't expect to find this kind of people here."
"There are so many scammers these days, they're everywhere. Haven't you noticed that everyone treats it like a joke?"
"Is this the person Jiao Enfan was cursing?"
"Yes, it's him. To be honest, I think that if President Jiao criticizes him, he's tarnishing his own reputation."
"That's right, it's a good overseas-educated CEO who's hanging out with these country bumpkins."
Lei Jun frowned slightly upon hearing the whispers around him and said, "President Lu does have some skill."
Sneers rose from all around him, and people quietly moved away from him.
Lu Feng held the microphone and looked around. He just smiled at the various expressions coming from all sides. It was normal to be looked down upon in a place like this.
"Some of you may not know me, so let me give you a brief self-introduction. My name is Lu Feng, founder of Jiamei Foods and Jiafeng Electronics Technology. I know that everyone here is wealthy and a big shot in the industry. I am not a big shot, much less wealthy. I still owe the bank a lot of money. I have a low level of education and cannot compare with everyone here. I also don't know anything about electronics!"
A burst of snickers erupted from the audience; this was a classic case of an amateur instructing an expert.
"But I know a little about the market and banking. I want to tell you something. I recently saw in the news that most parts of the country have abolished the grain coupon and cloth coupon systems. I also noticed some moves by banks in the new year, as well as more detailed investment promotion measures in various provinces."
Lu Feng took a deep breath and said, "Some CEOs or returnees might think that I, as a CEO, am not focusing on the industry but only on policies and banks. To be honest, I got to where I am today from nothing thanks to policies and banks. If the overall environment is bad, the industry can never be good. Last year's GDP growth rate came out, but who looked at it?"
No one spoke. President Liu raised his head and said, "Three point nine percent!"
"President Liu is quite concerned about these things. I've heard from some insider information that with the complete abolition of grain coupons and cloth coupons, banks will be releasing a lot of money, and a large amount of funds will flood out. Because there's no money in the market, inflation will be very high this year. I suggest that those of you with money buy some things."
"From the planned economy track, we will fully step into the market economy this year. I can assert that township enterprises will experience explosive growth in the next ten years. Township enterprises will drive a large amount of labor force, and at the same time, employee wages will grow rapidly. We must pay attention to one point: when people have money and stable jobs, their consumption capacity will increase."
"Xiao Lu, excuse me for interrupting, weren't you talking about the TV?" President Hou said, sitting there with his legs crossed. "What are you rambling on about? A work report? Or the general economic climate and all that?"
Hahahaha!
The audience burst into laughter, but some people had already begun to ponder the perspective Lu Feng had provided. This world is not lacking in smart people, especially since everyone present was smart.
"Mr. Hou, please don't rush. You sit down and I'll stand. Let me explain slowly." Lu Feng turned around and said, "Ten years ago, televisions were a luxury item. The cheapest television cost two years' income for a factory worker. In just a few years, the price has dropped significantly. As wages increase, the number of people buying large-scale color televisions will increase."
"At the same time, I recently read a population birth report. my country had a population peak in the 1970s, and now this group of people are twenty years old and of marriageable age. You may not know, but the conditions for marriage in rural areas now are no longer the 'three turns and one sound' (referring to a set of three-wheeled vehicles and a radio)."
"Some of my friends who have returned from overseas don't quite understand this. 'Three turns and one sound' refers to the four essential items for a wedding: a sewing machine, a bicycle, a watch, and a radio. These days, it's very difficult for people in the village to find a wife with these things. Now, everyone in the village wants a large color TV, a motorcycle (125cc), and in some places, three gold pieces, in others, five gold pieces. Also, there's the wedding car. The cheaper ones are Santanas, and the more expensive ones are Crowns. It's impossible to get a wife for free anymore."
Perhaps because they were talking about village matters, which sounded a bit rustic in such a place, a burst of laughter erupted from the crowd.
"I've already talked about the big picture and the background. Now let's talk about televisions. The reason I firmly believe that televisions are the next market explosion is because I trust my mother-in-law!" Lu Feng earnestly told everyone present, "Just remember this: whatever your mother-in-law wants, that's the next industry trend."
Hahahaha!
Everyone present burst into laughter and clapped, as if they were listening to a stand-up comedy show. Lu Feng was so serious as he told them the secret to wealth, yet no one seemed to realize it.
"The marriage boom will continue for many years, and black and white TVs are also due for obsolescence. However, the market is facing a very awkward problem: TVs are too expensive. Before the Lunar New Year, I went to the provincial capital for a meeting and visited the home appliance market. A domestic 27-inch color TV was priced at 4,500 yuan. After the meeting, I went home and visited the same brand and size TV in my city. The price had risen to 4,800 yuan!"
"Then I went back to my hometown for the Spring Festival and saw that there was only one store selling it. It wasn't the same brand, but the size was the same, and the price was 5,200 yuan. The market retail price was extremely unstable, the transportation cost was extremely expensive, the highway was impassable, and there were no paved roads. When it rained, you couldn't even find the road!"
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