Chapter 37 Born in distress

Zhao Guodong just smiled and sipped the rum in small mouthfuls, but didn't say anything.

Looking around, the American Club is still the same. The life in Beijing always seems to be far away from me. Whenever I feel that I want to integrate into this environment, I should leave. I am afraid this trip will be longer than the last time I left the Ministry of Energy?

Zhao Guodong doesn't like the dusk atmosphere of Chang'an Club, nor does he admire the Chinese Club's pretentious elegance. However, the American Club's style is simple and bright, and the audience is relatively wide. He doesn't show off when he comes here, so he is very satisfied. Some of the activities often held by the American Club are also very in line with his appetite. For example, the Jiade Lecture Hall is sometimes special on watches, sometimes on calligraphy and painting. Listening to it in his spare time can also increase his knowledge. Especially Zhao Guodong has some background in antiques and cultural relics, and when he encounters this kind of lecture, it is very suitable for him.

"You just pretend to be in front of me. I see how long you can hold it in. Isn't it just that you want to show off in front of me? I just hope that I will ask you about the grand career in your heart? Well, I really don't speak up today. I will do whatever I want. Today I will be a clay Bodhisattva, looking at the nose, looking at the heart, and drinking!" Lei Xiangdong looked at Zhao Guodong with a smile, ignored the other party, and drank on his own.

"Xiangdong, as for it? If you want to hurt me, you won't be so bad, right?" Zhao Guodong shook his head and laughed, "When did I show that I have to roll up my sleeves and make a big fuck? Why, I'll just accept the mid-shot, and I can't go back to Anyuan?"

Lei Xiangdong did not serve as president of the International Development Bank for long. China Investment Corporation had just been established. The State Council appointed Lei Xiangdong as chairman of China Investment Corporation, and Central Huijin Company became a wholly-owned subsidiary of China Investment Corporation.

Originally, Zhao Guodong might also be the non-executive director of China Investment Corporation on behalf of the National Development and Reform Commission, but given that Zhao Guodong's work will also change in this round of adjustments, Fu Quan will temporarily serve as the non-executive director of China Investment Corporation on behalf of the National Development and Reform Commission.

"I originally thought you could serve as a non-executive director, and we could also find more arguments on many topics, but I didn't expect you to slander the situation. Fu Quan and I are not very familiar with each other. It's a pity. I think it's more appropriate if you can continue to work in the Development and Reform Commission for one or two years." Lei Xiangdong pondered: "Of course, you need to seize the opportunity when it comes. At this time, you have to grasp whether it is a disaster or a blessing. You have to grasp it yourself. No matter what outsiders say."

"I originally thought that if you continue to take over the International Development Bank, can our Anyuan company be able to benefit from your strengths when going abroad? It seems that we can't count on you anymore." Zhao Guodong also joked: "China Investment Corporation is strong and how to operate it. I suggest one thing: If you really think that the capital is too sufficient, buying gold will only have the benefits but no harm."

"China Investment Corporation is not the central bank, and there is no such obligation." Lei Xiangdong said casually, then reacted and asked alertly: "Do you think there will be inflation, or will the US dollar depreciate significantly?"

"Is the inflation trend not obvious now? Just a change in housing prices is enough to drive inflation expectations? As for the depreciation of the US dollar, this is a long-term trend. With the depreciation of the US dollar, the price of bulk goods will inevitably rise, and it will continue to push the inflation pressure to further increase. So I said that buying gold is beneficial but not harmful." Zhao Guodong said calmly.

"So you spare no effort to promote resource-based enterprises to go out?" Lei Xiangdong nodded, "but now there are risks in rushing out like this."

"If you don't go out, you will pay a greater price in the future. You may need to pay some tuition now, but overall it is better to go out earlier than to go out later." Zhao Guodong didn't want to argue more about this issue. Lei Xiangdong was still holding on to his idea of ​​the president of the International Development Bank, worried that domestic companies' demand for funds for large-scale going out has put a lot of pressure on the China Development Bank, and was worried that risks would arise, which would lead to losses in the China Development Bank's funds. However, if you don't go out, the losses in the future will be greater.

Lei Xiangdong was thinking, and he was also facing huge pressure when he was in charge of China Investment Corporation. The country's foreign exchange reserves have been rising all the way, which also brought huge pressure to the preservation of foreign exchange assets. At present, it seems that only US Treasury bonds can be the main one, and European bonds are even more unreliable. If such a huge amount of funds does not find a suitable source, problems will arise sooner or later, but now, the country has no better strategy to deal with it.

What Zhao Guodong said about buying precious metals such as gold is also a way, but it can only be a small part. Otherwise, with such a large foreign exchange reserve, I am afraid that the prices of precious metals in the international market will soar. This can only be a long-term and continuous gradual process.

"Guodong, what are your plans for you to return to Anyuan this time?" Lei Xiangdong turned to the topic.

"To be honest, now I'm blind and I don't know anything, so I can't have any plans. But I have one feeling that the original development model and work focus may need to be adjusted appropriately, which is not suitable for the current national conditions and people's conditions. However, I guess this is very difficult and may not be accepted by many people." Zhao Guodong's face showed a deep thought, "But some things must be done ahead, and I can only do my best."

"Are you too pessimistic? After all, you are also the deputy governor of the provincial party committee. Do you have no autonomy at all?" Lei Xiangdong was a little surprised. He felt that Zhao Guodong seemed to be a little lack of confidence. This is rare. Before he took office, he would be discouraged. Could it be that Zhao Guodong also realized that his trip to Anyuan was much more difficult?

"Hehe, of course there is autonomy, but it depends on what. If some things are not in place, you will face countless opponents. They are all very upbeat and think that they are correct. This is right. The key is that with the development of the times, understanding must also change accordingly. To give a simple example, environmental protection and development. In the 1980s and 1990s, environmental protection was a rubber stamp. Everything revolved around development plans. Development is the hard truth. The saying that the word development requires a modifier. The hard truth is more appropriate." Zhao Guodong obviously remembered something, so he was inspired. "But now the central government's development ideas have not been completely adjusted, or the theoretical adjustment of views has begun to be adjusted, but in actual practice, it is still followed by inertial thinking, so there will inevitably be collisions between ideas and contradictions."

Lei Xiangdong nodded and agreed with Zhao Guodong's view. His views need to be adjusted and revised with the development of the times. Just like foreign exchange reserves and trade surpluses, people initially thought that more people would be better. However, with the development of the economy, foreign exchange reserves soared and the trade surplus remained high, and the negative effects brought about have also begun to appear. Domestic demand is sluggish and foreign exchange reserves are under great pressure to maintain foreign exchange reserves. How to solve this problem has become a major problem facing the central government.

"See those two?" The middle-aged man with a high nose and blue eyes said lightly with a cigar in his hand.

"Well, I saw it, what?" Another slightly younger white man raised his eyebrows in surprise.

"Do you know them both?" The middle-aged white man's accent with a slightly American southern accent sounds very strong nasal sound, but it doesn't affect anything.

"Oh, I don't know." The younger white man shook his head awkwardly, "In my eyes, these yellow people all look the same."

"Haha, that's true. I guess they think we're similar. That older man is one of the most powerful men in the financial industry in China. The president of the China International Development Bank, but this is already the past. Now he is the boss of China Investment Corporation. Have you heard of it? The Chinese just established a state-owned holding company similar to Temasek. However, unlike Temasek, it has strong capital and hopes to maintain their assets through investment." The white man narrowed his eyes, as if he was thinking about the two of them. "The other one seems to be the deputy director of the China National Development and Reform Commission. It is said that he will go to the local area soon. He is a person with a very capable person in the Chinese government."

"Are you talking about the guy who encourages Chinese capital to invest overseas and strongly advocates opposition to foreign capital entering Chinese companies?" The younger white man obviously had some impression of Zhao Guodong. "This guy has a strong nationalism. I heard that China's steel industry integration this time triggered an iron ore storm, which is related to this guy. He firmly opposes foreign capital entering the steel industry. Mital Aselo wants to enter Laigang, it seems that he has opposed him."

"You said it wrong. The Ministry of Commerce decided these things, but you said it right. This guy played a great influence in it." The white middle-aged man nodded with satisfaction. "Doing these Chinese officials is both hard and soft. They are very good at face-saving, but they like to take advantage of it, both official and private."

"Is this guy the same?" the young white man asked more.
Chapter completed!