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Chapter 798 The full-scale outbreak of the Southeast Asian economic crisis!

The visit of the old man further inspires the national spirit of overseas patriots who are looking forward to the return of Hong Kong Island, and deepens their understanding of my "one country, two systems" policy. They unanimously believe that the significance of the return of Hong Kong Island has far surpassed the return event itself. The prosperity and development of Hong Kong Island will not only benefit Hong Kong Island, but also benefit China, and will have a positive impact on the world.

The people of Hong Kong Island have also paid great attention to the elderly coming to Hong Kong. Even where the elderly pass by, thousands of Hong Kong Island citizens gather there. Sometimes the sky is not beautiful and it rains heavily, which does not stop them from coming. They shouted the widely circulated slogan "Hello, old man" to express their respect and admiration for this elderly, and they are reluctant to leave in the rain for a long time.

However, at that moment when it was forever recorded in history and made all Chinese people excited, the old man did not appear at the government handover ceremony at the Hong Kong Island Convention and Exhibition Center, but was just on the bed, broadcasting through TV, watching the Chinese People's Liberation Army military band play the majestic national anthem of the People's Republic of China. The Chinese flag and the Hong Kong Island Special Zone flag slowly rose together, with tears of excitement in their eyes.

Lin Yu was silently accompanied by the old man, looking at the gray-haired old man, feeling a lot of emotion.

Lin Yu knew that the person who originally delivered a speech in front of the podium inlaid with the national emblem of the People's Republic of China should be the old man, and it was him who created this historic moment that washed away the humiliation of China for a century. But he had retreated to the second line, and this moment and glory were still the current General Secretary.

After the regime handover ceremony was completed, the old man quickly returned to the capital. However, Lin Yu stayed alone, always paying attention to the changes in the surging Southeast Asian financial market.

Although Lin Yu knew all the various situations of the Asian financial storm in his previous life. However, in this life, various situations have changed a little because of his sudden appearance. The most important one is that the "Quantum Fund", the culprit of the Asian financial storm in his previous life, has now become a pawn in his hand. Will everything move forward completely according to the trajectory of his previous life?

Since Hong Kong Island has just returned, maintaining the stability of the financial market is not only due to economic necessity, but also political necessity. If international funds take action against Hong Kong Island, the central government will make a tough response. This is an inevitable move.

Due to historical and practical reasons, domestic financial personnel have a far less thorough understanding of the international financial situation than experts in Western countries, especially for years of closed-door countries, lacking practical operational experience. This is difficult to make up for in the short term. Since Lin Yu was able to create such a situation in the Lin family consortium. The Lin family consortium started out with financial investment, achieved remarkable results and attracted worldwide attention. I believe that his extremely high talent and ability in this area are amazing and beyond the reach of others. For a long time, the old man has never regarded Lin Yu as an ordinary person, and it is natural to consult him about this matter.

Currency wars are never merciful than sword wars. The difference is nothing more than killing people and killing people without blood, and the results are exactly the same.

In late October, international speculators moved to the international financial center Hong Kong Island. The finger was directly aimed at the Hong Kong Island link exchange rate system. The Baodao authorities suddenly abandoned the New Taiwan dollar exchange rate, depreciating by 3.46% in a day, increasing the pressure on the Hong Kong dollar and Hong Kong Island stock market. On October 23, the Hong Kong Island Hang Seng Index fell sharply; on the 28th, it fell. Point, falling below the 9,000 point mark. Faced with the fierce attack of international financial speculators, the Hong Kong Island SAR government reiterated that it would not change the current exchange rate system. The Hang Seng Index rose, and tens of thousands more were

Then, in mid-November, a financial crisis broke out in South Korea in East Asia. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record 1008:1.21, the South Korean government had to ask for help from the International Monetary Fund and temporarily controlled the crisis. But on December 13, the exchange rate of the Korean won against the US dollar fell to the Korean won again. The crisis also impacted the Japanese financial industry, which has a large investment in South Korea. In the second half of 1997, a series of Japanese banks and securities companies went bankrupt one after another.

As a result, the Southeast Asian financial crisis evolved into the Asian financial crisis. The collapse of the monetary systems and stock markets of Southeast Asian countries and the huge pressure of foreign capital and domestic inflation caused by this cast a shadow on the economic development of this region. Thailand triggered a run, crushing 56 banks, the Thai baht depreciated by 60%, and the stock market plummeted by 70%. The financial turmoil caused by Thailand has spread to northern Asia and even Russia, Malaysia, Indonesia, Singapore, Japan, Hong Kong Island, and South Korea all suffered heavy blows. The assets of the people of these countries and regions have shrunk greatly. The wealth created by Asian people over the years has depreciated one after another. European and American countries took advantage of the depreciation of Asian currencies and the stock market has plummeted and merged Asian companies, purchased real estate, and easily obtained hundreds of percent of their property at the cost of 1%.

The Southeast Asian financial crisis put the social order in Asian countries into chaos. Due to bank bankruptcy and financial industry collapse, the economy paralyzed. The economic recession intensified domestic contradictions. During the Southeast Asian financial crisis, Indonesia, Malaysia and other countries were in turmoil, people were disintegrated and order were chaotic. The Southeast Asian financial crisis made the national regime no longer stable. After the Asian financial crisis broke out, people's trust in the government decreased due to social turmoil and economic depression. Opposition parties,

Opposition parties accused the ruling party, so the Thai government was overthrown, the Indonesian Suharto government was overthrown, Japan's Hashimoto Ryutaro stepped down, and Russia changed six prime ministers within a year. Political instability undermined the good environment for Asian economic growth. Previously, the reason for the rapid economic growth of Asian countries was the stable political and economic environment. Later, the financial crisis destroyed this stability, triggered social fluctuations, and almost endangered the national security of various countries.

This Asian financial crisis is another major event that has had a profound impact on the world economy after the great crisis in the 1930s. This financial crisis reflects the serious flaws of the world and countries' financial systems, including many relatively mature financial systems and economic operation modes that people think are chosen through historical development. Many problems have been exposed in this financial crisis, leading Southeast Asia, which is full of music and singing, to an era of ten thousand households and shabby, triggering turmoil in the global capital market. The wide spread, rapid speed, and deep destruction shocked the world.

During the prosperity of the 1990s, Asia was recognized by the world as a huge emerging market in the new millennium. These countries or regions grew rapidly in the 1960s to the 1980s, but before that, they only developed Chinese families or regions mainly based on agriculture and light industry. They took advantage of the opportunity of Western developed countries to transfer labor-intensive industries to the development of Chinese families, attracted foreign capital and technology, used their local labor advantages to adjust their economic development strategies in a timely manner, quickly embarked on the road of developed countries or regions, and became one of the economic locomotives in Northeast Asia and Southeast Asia.

However, this development model left many disadvantages, and relying too much on international capital has become a hidden concern for the economy. At that time, Thailand, like many Asian countries, began to borrow a large amount of medium- and short-term foreign loans from overseas banks and financial institutions, with foreign debts reaching US$79 billion. Under the superficial prosperity, Thailand built many empty and shiny office buildings. South Korea, one of the four Asian little dragons, established an annual production capacity of 5 million cars, which was 10 times the capacity of South Korea's domestic automobile market at that time.

This hidden danger was pointed out by people of insight a few years ago, but most people have been fascinated by this superficial prosperity and think it is just a worry. The rapid development over the past ten years has also made more people forget it. In this context, Lin Yu was able to come up with such a bold plan, which made Jason admire him.

If the expected situation in the plan becomes a reality, then incomplete statistics, the profits from this investment will far exceed the combined revenue of the previous two sniper pounds and Mexico. Of course, the damage caused to the entire Southeast Asia and even Asia is unprecedented. Just looking at this plan, Jason can even imagine the scene of the miserable miserable after the storm.

The losses suffered by countries including Thailand are far from the losses of tens of billions of dollars, and almost the collapse of the entire financial market and order. Over the past decade of development and struggle have been wasted overnight, and all of them have been wedding dresses for others.

However, Lin Yu did not feel uncomfortable or guilty at all, because he had no good impression of Malaysia and Singapore, such as Southeast Asian government countries. He relied on rapid economic development and the people's life was rich, so he was dizzy and arrogant, and looked a bit amazing. At the critical moment, he jumped out at the instruction of the United States and shouted to the Chinese government to make trouble. It was not the least. At this time, he took the opportunity to teach them a lesson and let them make the wealth they had accumulated for more than ten years go to waste overnight. How pleasant is that?

However, for Thailand and Indonesia, according to Lin Yu's plan, it is enough to ensure that Indonesia's economy will not cause national unrest. Southeast Asia is more correct, just Lin Yu's layout. Lin Yu has to rely on this Southeast Asian economic crisis to completely include Southeast Asia in his sphere of influence. If Southeast Asia is taken down, then Lin Yu's sphere of influence will include Europe, Russia and Southeast Asia. Coupled with the influence of China's Lin family on China, then Lin Yu will be able to influence three-fifths of the world, Southeast Asia and China, and Russia will form an encirclement of other parts of Asia. In this way, these places are just a matter of time before they are included in Lin Yu's sphere of influence. (To be continued. If you like this work, you are welcome to come to Qidian to vote for recommendations, monthly votes, and your support is my greatest motivation.).rt!~!

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