At the invitation of Lin Johnson and Johnson, Shi Guangshan visited Dongxing Group and held a discussion with corporate executives, affirming Dongxing's contributions to foreign trade in recent years.

"Mr. Lin, I have another important thing to communicate with you this time." After the meeting, Shi Guangshan solemnly said to Lin Johnson.

Lin Johnson showed a surprised expression and asked, "Deputy Minister Shi, please say anything if you have anything to do, see if I can help."

Shi Guangshan nodded and said, "That's right, do you know the situation of Beijing Jeep Automobile Company?"

He asked and answered himself: "BAIC and the American company jointly produce Cherokee Jeep, and as far as we know, the automobile company has been acquired by you, which means that Mr. Lin is the boss behind the American automobile company!"

Shi Guangshan himself was also very surprised. He looked at the young man in front of him. It was hard to believe that this man owned a large American automobile group and a famous automobile manufacturer. After learning the news, he actually felt a fantasy.

Lin Qiang was stunned for a moment, faced Shi Guangshan's incredible gaze, and nodded calmly and said, "Yes, I am the boss."

Shi Guangshan breathed a sigh of relief, looked at Lin Johnson nodded excitedly and said, "Then I think Mr. Lin also knows that there have been conflicts in BAIC's cooperation since last year. He refused to export scattered parts to China. With the continuous efforts of both of us, the matter was finally resolved successfully."

He said solemnly: "Mr. Lin, I don't know if you understand the twists and turns. What I want to ask is, what do you think of the cooperation between BAIC?"

Lin Johnson really didn't expect that Shi Guangshan came to Bincheng for this matter. He hesitated for a moment and said: "Of course I hope BAIC can work together with Cherokee's production. The previous unpleasantness was caused by the lack of understanding between the two parties."

He said to Shi Guangshan: "Please believe that I actively support BAIC in this matter, but you know that I cannot order the senior management. They are also responsible for the company if they should do what they should not do!"

Shi Guangshan nodded and said, "Of course we understand this. Now BAIC and I have reached an agreement that both parties are satisfied with. We also hope that the two companies can continue to cooperate smoothly. The BAIC Cherokee project is an important automobile joint venture project of the country, and it must not be allowed to go bankrupt!"

Lin Johnson said: "I understand this. I can guarantee the central government that BAIC Cherokee will continue to operate smoothly."

Shi Guangshan nodded and finally showed a smile: "I'm relieved now. Mr. Lin, maybe you don't know yet. General Manager Zhao Nailin of BAIC will come to Bincheng in a few days to negotiate with Cherokee's domestic production project. We hope that Dongxing Group can participate and realize domestic production as soon as possible. With your strength, you should be able to do it."

"This is no problem. I really welcome BAIC to become a customer of Dongxing Group." Lin Johnson breathed a sigh of relief. In fact, he was informed of the Cherokee storm. The United States reported to him in detail with the situation of BAIC and even the central government.

Due to Lin Johnson-Jiang-Jiang's relationship, the previous relationship with BAIC has eased, but the contradictions always exist.

In mid-February, General Manager Claire flew to Beijing from the United States. He was very confident at that time and the Chinese lineup that received him was also very strong, including representatives from the State Planning Commission, the State Economic Commission, the Ministry of Economic Affairs and Trade, China Automobile Company and the Beijing Municipal Government. They were also very enthusiastic about the visits of Claire and others.

Not only that, there were even two senior central officials, Vice Premier Yao Yilin and Director of the General Office of the Central Committee, who visited one after another and expressed support for the Cherokee project.

But the actual situation is very bad. Claire stayed in Beijing for five days and although he was full every day, these Chinese representatives did not give him a useful word, and they could not make any decisions in terms of quantity.

The talks for several days have always revolved around the issue of localization, export foreign exchange earnings, second-generation military vehicles, new investments and compressing foreign staff. None of these people, including their behind-the-school departments, can give an answer to the licensing issues that Claire is concerned about.

In such a large project, the central government has dispatched so many departments to negotiate with the US side, and there is also a deputy prime minister and a senior minister-level official, but no one can give an accurate statement. The problem lies in the import license for spare parts and money, but it just can't be solved. It's simply a strange thing.

Claire returned to the United States very angrily. Lin Johnson handed over this matter to the parties, and it was not easy to participate in it as his identity. Moreover, some Chinese departments did not even give Americans face, so they would not take Lin Johnson as a fake foreign businessman seriously. He also understood that it was difficult for a little devil to deal with it, so he took the initiative to retreat in this matter.

Immediately afterwards, the third leader of the company, Foley, was sent to Beijing. This time, China was obviously not as active as receiving Claire. Only General Manager Zhao Nailin and Deputy General Manager St. Pierre of BAIC came forward. Finally, at Foley's request, he met Wu Zhongliang, Chairman of BAIC.

This is the third negotiation. BAIC is still struggling with issues such as localization, export rebates, and the development of second-generation military vehicles. Forley has not obtained whether BAIC has the ability to pay for imported bulk parts, and there is still no hope for the import license.

Since then, the relationship between the two parties has been in a stalemate and the situation has escalated. Foley submitted a memorandum to the board of directors. Starting from February 19, the management department should not approve any capital budget for the Cherokee project. This means that no money can be spent on anything, and there is no chance of domestic production.

According to the Saint-Pierre report from BAIC, neither the Chinese board of directors nor the central government expected that the situation would be so serious. China originally thought that it would come again to negotiate and argue with them until it was too late to drag the other side. They never thought that the Americans' non-cooperation was not a joke.

When Foley returned to the United States, he had begun researching and closure, and even published an article in the American Automobile Industry magazine. China's Cherokee was about to stop production? The title like a question was published directly.

This matter is quite serious. China has never thought about making family ugliness public. They have not realized that there is no way out of the way.

The Cherokee storm was finally pushed to the forefront of public opinion. Many media such as the United States, Europe, Japan, and Hong Kong have successively conducted in-depth reports on this matter.

Hong Kong newspapers say that ** lack of foreign exchange, Jeep are in danger, and production is sharply reduced. The Financial Times said that the cash crisis hit Jeep companies. The Washington Post reported that the blooming Chinese investment flowers have withered, making people blush and these cold-splashed remarks have put a big question mark on the Chinese investment boom.

When Lin Johnson was unwilling to participate in the inquiries, the board of directors was quick and decisive. They first recalled all the experts and delayed the time for Chinese personnel to come to the United States for training.

Then the BAIC board of directors was officially notified that it would stop production in June. In addition, before the agreement on production and price reached, it did not agree to approve any capital operations. Moreover, the dispute has risen to the level of national diplomacy. It will submit the filing of the dispute to the US Department of Commerce and respond to the US ambassador to China, which has also led to the official appearance of diplomatic departments of the two countries.

The matter has come to this point and it still works. The central government believes that it also needs to pay more attention to BAIC's affairs. In May, Vice Premier Yao personally presided over talks with many government departments. Representatives from the Planning Commission, the Ministry of Economic Affairs, the Economic Commission, the General Administration of Customs, the Beijing Government, the Central Bank and other departments attended the meeting.

Vice Premier Yao said that the country still needs to pay some money for the BAIC joint venture project, and all departments should take this incident seriously, and the central government decided to treat foreign businesses more meticulously in the future and fully respect foreign businesses.

The Cherokee storm is still very meaningful. It is precisely because of this incident that the central government realized that there were great problems in its previous attitude towards foreign businessmen, and thus issued a new foreign-funded enterprise law.

Then, President Zhu personally came forward, anxious for relevant personnel to study the resolution, and finally met with Claire, who came to China. Finally, the two parties agreed that BAIC will purchase 12,500 car parts in the next five years, with a total value of US$120 million.

What I care most about is whether I can receive money. After the agreement is reached, the localization and the development of new military off-road vehicles are also easy to discuss. In the end, the two parties decided on the total subsequent investment amount and the localization project, which is expected to be an investment amount of US$65.8 million. In addition to solving more than US$50 million on its own, the remaining ones will be paid by the state. The Beijing government will pay several million US dollars, and the purchase costs of US$120 million will be solved by the central bank.

The matter was successfully resolved, and the Cherokee storm gave birth to new foreign investment laws, which played a great role in the investment guarantee of foreign-funded enterprises, and in some ways shocked some people.

Lin Johnson also breathed a sigh of relief. He did not want to take the blame for this matter for not changing history. He influenced China to attract foreign investment. Finally, he ushered in a happy situation! It will be continued.
Chapter completed!