Spring Breeze 1991

What is Yao Yuan's purpose in mentioning the growth prospects of China's total economic volume?

In the signed agreement, Dongfang Petroleum promised to export [-]% of the oil and gas extracted from Kazakhstan. This is Kazakhstan’s main source of foreign exchange. Nazaryev is also very clear about the diverse Huaxia.

However, Dongfang Petroleum is going to transport most of its oil and gas back to China, which means that Dongfang Petroleum has no way to obtain dollars through the domestic market, and what Dongfang Petroleum needs to pay Kazakhstan is dollars.

Nazaryev knew that Yao Yuan planned to sell refined oil to East Asia after refining in China.

Where is the refined oil market in East Asia?

Nothing more than Japan and South Korea.

Especially in Japan, as the world's second largest economy, its demand for oil is extremely huge, so Nazaryev believes that Dongfang Petroleum is capable of completing the agreement.

At this time, Yao Yuan took the initiative to mention that the Huaxia market will develop rapidly in the next ten years. The subtext is that most of the oil extracted by Dongfang Petroleum in Kazakhstan will stay in China, which means that Dongfang Petroleum must obtain enough from other places. USD payments to Kazakhstan.

Of course, Kazakhstan lacks light industrial products, and Dongfang Petroleum can use China's abundant light industrial products to offset part of the dollar, but the quantity is limited after all.

Based on this, Nazaryev shook his head slightly and said, "According to the agreement, no matter where Dongfang Petroleum sells its oil to, the payment to our country must be in U.S. dollars. Of course, some light industrial products can be used to deduct, but you also know, That's not going to be a lot."

As soon as Yao Yuan heard it, he knew that Nazaryev had misunderstood, or did not fully understand his meaning. He straightened his wording and said, "Mr. A wholly-owned holding group company, you don't have to worry about the shortage of dollars."

After a pause, he said, "What I want to explain is the second meaning, which is that China's economic aggregate will enter a stage of explosive growth in the next ten years, and it will need to consume a lot of oil, that is to say, relying solely on oil pipelines Roads or dedicated railways cannot meet demand.”

"Dongfang Petroleum's [-]-million-ton refining and chemical base in Northwest China has basically completed the first phase of construction. It will be completed and put into operation simultaneously with the Buck Oil Pipeline. Oil pipelines, building refining and chemical bases in the eastern coastal areas, and facing the international refined oil market, not just in East Asia. You know, the annual transportation volume of the Buck oil pipeline alone is far from meeting the demand. These are based on China's economic An extremely optimistic judgment on future development, an optimistic judgment on the future trend of world oil prices..."

Nazaryev captured the key point, "Mr. Yao, you, do you think oil prices will rise?"

The output remains unchanged and the oil price rises. This is undoubtedly the best news.

Yao Yuan said with a smile, "Rising oil prices are a major trend."

He analyzed the situation since the Gulf War, and Nazaryev nodded frequently, agreeing with him.Kazakhstan's biggest capital is oil and natural gas resources. In fact, Nazaryev does not have many choices.

"If it is a general-purpose railway line for passengers and goods, Kazakhstan's economy can be connected to China, and it can greatly benefit from China's economic development, which is far more meaningful than billions of dollars in oil exports every year. Just as you use extremely It is of great significance to the country of Kazakhstan, just like pushing forward the plan to move the capital with great courage." Yao Yuan said.

Nazaryev mused.

Another irresistible promise had to be made to him.

Yao Yuan took out a document and handed it to Nazaryev, saying, "Mr. President, this is Panshi Mining's investment plan in Kazakhstan for the next three years. There is no problem bringing in foreign trade revenue of 100 billion U.S. dollars per year."

Nazaryev was a little surprised, looking carefully, his brows slowly stretched.

Slowly, he raised his head and said with a smile, "Mr. Yao, I will do my best to promote the railway plan, and I can only guarantee the approval of the central line."

"Thank you, Mr. President." Yao Yuan heaved a sigh of relief.

Without revealing the real output of Kashagan Field, it is an adventure to use Panshi Mining's investment plan in Kazakhstan for the next three years as a "sweetener" to make Nazaryev agree to fully promote the Huaha railway plan.

Fortunately, it worked.

The president Nazaryev is a man of his word. The parliament can't stop him at all when he decides. The parliament's disapproval is just an excuse for him to ask for more benefits.

Three months later, after many consultations, the Huaxia delegation flew to Almaty, and the two governments signed a cooperation agreement on the construction of the Huaxia Railway. Implementation of the project.

For a multinational cooperation project with an investment of nearly 500 billion Huaxia currency, such efficiency is surprisingly high.

Yao Yuan finally contributed to the signing of the Huaha Railway before the end of 1996.

By the end of 1996, the Huajiu Railway Project was officially signed. In the large railway plan, this is the first phase of the second line.

It marks that this important railway line, which is very likely to be stuck for more than 20 years, will be completed within this century.

According to the plan negotiated and determined by all parties, Dongfang Petroleum, as the funder and investor, contracted the Huaha Railway as a whole to Nanfang Industrial, and then Nanfang Industrial will cooperate with state-owned enterprises such as railway construction, road and bridge, and steel in China, as well as Spring Breeze Academy of Sciences. More than a dozen design units in China, together with more than a dozen upstream companies, form a huge project company responsible for design and construction.The project company will recruit certain workers, purchase certain materials and logistics supplies in Kazakhstan to drive local economic development.

If the project company and hundreds of subcontracting companies are added, the scale is astonishing. The number of construction personnel alone is estimated to be as high as [-]. This is an astonishing large-scale operation.

Yao Yuan quietly retreated to the background early on, and returned to his hometown in Nangang to spend the Spring Festival in 1997. In the first half of 1997, he signed a contract with the Petroleum Group Corporation to build an oil pipeline project from Karamay to the Yangtze River Delta region, and finalized the agreement with the Petrochemical Group Corporation. Two major cooperation projects - the construction of a 3000 million-ton refining and chemical base in eastern Shandong, and the construction of a 3000 million-ton refining and chemical integration base in the Yangtze River Delta region.

In addition, Yao Yuan decided to increase the ethylene production capacity of the Dongan Island petrochemical base to 120 million tons per year, which was completed in 1999, and the refining capacity of the base to 7000 million tons per year, which was completed before 2003.

In the next three years, Chunfeng Group, as the headquarters group, will inject 120 billion Huaxia coins into Xiangfang Shipbuilding, and develop Xiangfang Shipbuilding into an internationally competitive shipbuilding enterprise.

In the big budget plan for the next three years formulated and passed at the beginning of 1997, the Chunfeng Group will also allocate 900 billion Huaxia currency research and development funds to the Chunfeng Academy of Sciences, 300 billion a year...

That is to say, Yao Yuan has basically arranged all the available funds of Chunfeng Group and the expected profits in the next three years, and it is the first time that there is a deficit.

In the first half of 1997, Lin Wei lost a full thirty catties!

Because the company not only has no money, but also overdraws its income for the next three years, which means it needs to borrow money.

This is the first time I owe so much money, Lin Wei is afraid!

In June 1997, Yao Yuan flew to Hong Kong with Lin Shuting, who was on summer vacation. He had to come, because Huaha Railway had completed the first phase of investment, and the money for the second phase of investment was still unknown.

Lin Wei was naturally accompanying him, and if he could not solve the funding problem for the second phase of Huaha Railway's investment within a month, he would resign from his position as chief financial officer.

Of course, it was out of anger, but it also reflected the reality of Chunfeng Group's shortage of funds.

He Xueli offered to go to the United States to take charge of the business there half a year ago, and Yao Yuan agreed.Yao Yuan knew why He Xueli did this, he couldn't give He Xueli what she wanted, so he let her go.

He Xueli left the United States to take charge of the business in the United States. She did not leave Chunfeng Group, but her position changed.

The position of director of the board of directors office was handed over to Su Wangting. At this time, many people realized that Su Wangting, the head of the European business, the chairman of the French Ward Investment Group, and a promise in Europe, was just a young man in his 30s.

He voluntarily asked to resign from the position of one of the princes, and the reason was so simple that it made people laugh and cry-the family urged the marriage!

Before finding a suitable candidate, Yao Yuan agreed to let him be the head of the office temporarily.

In this way, Yao Yuan will be surrounded by single dogs.

Lin Wei, Lin Xiaohu, Su Wangting, Chen Chao... are all single, and except for Lin Wei, everyone else is older than Yao Yuan. Su Wangting is the oldest. He was 27 or 30 when he went to study in Moscow. Then I was 35 years old, and now I am a [-]-year-old single young man!

In this era, people who are not married at the age of 35 basically go to the five-guarantee household. Su Wangting is the only seedling in the family. It is conceivable how anxious his parents are. Yao Yuan became the director of the office.

Lin Wei joked, "Old Su, it would be good for you to find a French girl. French girls are very good."

Su Wangting said, "Then I don't have to go home, my parents will sever ties with me."

"It's not that serious. I think there are many locals in Shanghai who are proud of marrying foreign wives and foreigners." Lin Wei laughed.

Su Wangting didn't think that Lin Wei was being sarcastic, because it is indeed such a trend now, especially in the coastal areas, because it was the first to open to the outside world.

"What do you need if your blood is impure? My father said so." Su Wangting shook his head and said.

It is impossible to marry a foreign daughter-in-law, which is also the main reason why he wants to return to China for development - to find a woman in China to marry.

Having had fun all the way to Hong Kong, Yao Yuan didn't care about anything, and took Lin Shuting and the two of them to the world. After visiting Hong Kong for five days, Lin Wei was so anxious that Yao Yuan and Lin Shuting ran to Macau again.

Lin Wei nestled in his own villa, and stared at Su Wangting, a single dog, for five full days, and he was almost moldy.

On this day, Yu Yongan came over with a dusty look.

"What's the matter with you, I heard that you've been cooped up at home for five days and won't go out to play?" Yu Yongan picked up the cigar on the coffee table, cut a cigar, lit it, and sat down.

Lin Weiweng said softly, "I'm not in the mood."

Su Wangting also shook his head and said, "It's nothing fun."

Europe is much more fun than Hong Kong, Su Wangting has never played anything, he really thinks there is nothing fun, and of course he is not in the mood.

Yu Yongan took a sip of his cigar and said, "Because A Yuan overdrafted his income for the next three years?"

The two did not speak, and the answer was obvious.

Yu Yongan said with a smile, "I have traveled to more than a dozen countries in the past six months, and the general feeling is that the world market is too big, and our development space is still very large. A Yuan is right to do this. Time is the first time. One."

Lin Wei snorted and said, "You said it lightly, let you live with hundreds of billions of debts, is it easy for you?"

Yu Yongan froze for a moment, then frowned, and said with a smile, "It's nothing. The debt ratio hasn't reached 50.00%, right?"

He didn't know the specific total assets of Chunfeng Group.

"Three-year short-term debts, all of them." Lin Wei didn't answer, but said, "The interest alone costs more than 70 billion a year, and the interest in three years is nearly 220 billion."

Yu Yongan quickly calculated, and asked with a smile, "Ah Wei, do you know the debt ratio of the four major family businesses in Hong Kong? Do you know how much they spend every year just to repay the loan?"

Lin Wei didn't know about it, because Chunfeng Group has never been in debt, and its cash flow is terribly abundant.But this time, not only was it emptied, but it was also overrun.

The construction of the new capital of Kazakhstan for free has exhausted most of Chunfeng Group's funds. In the first half of the year, Yao Yuan confirmed several large projects and production increase projects in one go. The total budget is as high as 3000 billion Huaxia coins. The investment will be completed within three years, 1000 yuan per year. Billion Huaxia Coins...

The most important thing is that the operation was based on almost zero debt before, but suddenly there are so many debts, it is difficult for many people to adapt, and the operating system also needs to adapt.

Lin Wei shook his head and said, "I only know that this time, maybe I will sell the assets to pay off the debts."

He is not alarmist.

Yu Yong'an just noticed that Lin Wei had lost a lot of weight, so one can imagine how much pressure he has been under during this period of time.

He reassured, "In Hong Kong, a company with a debt ratio of 80.00% is considered a high-quality company. It is nothing to borrow a short-term loan equivalent to 80.00% of its own assets from the bank. Besides, A Yuan's ability Don't you believe it?"

"I don't doubt it, but who can say that things in the stock market can be won [-]%? According to what A Yuan said, this financial crisis is measured in billions of dollars, and our funds are all on it. If If you lose, it’s not as simple as selling your assets to pay off your debts, and you might return to pre-liberation overnight.” Lin Wei said in a deep voice.

Su Wangting said, "Mr. Yu, Mr. Lin's worries are justified. The stock market is too risky. It is indeed too risky for Mr. Yao to pin his hopes on the stock market."

In fact, Lin Wei still has something to say, that is, Yao Yuan has invested all his private money in the capital, and is ready to go to war in the Korean financial market. The money is Yao Yuan's gains in the Tokyo stock market in the past few years. Life-saving money is not easily used.

In other words, Yao Yuan no longer has the funds to act as a way out.

At the beginning, Yao Yuan told Lin Wei that even if the Chunfeng Group was gone, with this money, it would not take long to make a comeback, and only the two of them knew about the money.

Now that Yao Yuan has used the money, it means that he will not leave any room for himself.

What Lin Wei was really worried about was this.