No matter what the real reason is, Hua Xia had been importing more and more yachts in the past few years. It's not that Hua Xia does not have yachts. But the brand and design of the yachts are not good.
If Hua Xia can buy foreign advanced technologies and designs, it will be beneficial for Hua Xia's yacht industry.
Import substitution is one of the paths Hua Xia is trying to take.
Feng Yu wants to set up a shipyard, and Committee Member Bao agrees. Not only can it replace imported products, but it can also set up one or two shipyards to stimulate the local economy. This is a good thing.
After the Lunar New Year, Committee Member Bao should retire. He was very willing to do a little more before he retired.
Actually, this year, Committee Member Bao had taken charge of a few important matters. For example, the State's investment in gold. Committee Member Bao is the one in charge of this.
He is also the one who increased the State's crude oil reserves and even paid in advance. At the start of the year, it seems that the State had suffered a loss.
But now, the price of crude oil has increased by nearly two-thirds, from more than 50 USD to more than 90 USD. The contract signed in advance was worth a lot.
At that time, when Feng Yu said the crude oil price will increase by more than 80 USD, the State had organized experts to discuss it, but no one believes him.
If it weren't for Zhang Ruiqiang and Committee Member Bao's support, the State will not sign the contract.
Zhang Ruiqiang trusts Feng Yu a lot and agrees with Feng Yu's analysis. Zhang Ruiqiang had seen Feng Yu's advice on the State's investment in gold, and the profits are enough to make up for the State's losses.
That's why Committee Member Bao supported this decision, and it was approved by the higher-ups.
Committee Member Bao firmly believes in Feng Yu's predictions.
Feng Yu had said that gold prices will continue to rise after a slight drop, and this is the case now.
Feng Yu had said that crude oil prices will increase, and the State should store a large amount of crude oil to prevent the country's economy from being affected by the increase in crude oil demand.
The country stored it, and the price of crude oil soared.
Feng Yu also said that when Buffett invested in Hua Xia Petroleum, he would definitely dump his shares in the middle of the year. Buffett had sold almost all of his shares in Hua Xia Petroleum, and it was reported that he could make a profit of about three billion US dollars, a profit of six times!
Hua Xia Petroleum shares, which were worth less than 2 HKD, are now worth more than 15 HKD. If it were not for Warren Buffett's dumping, it would have exceeded 18 HKD by now.
Also, Feng Yu mentioned that USD will depreciate this year, and RMB might be forced to appreciate. The higher-ups should take note of this.
As a result, the US dollar depreciated. Fortunately, they had converted a lot of their foreign reserves into euros, so the higher-ups avoided a lot of losses.
If the USD depreciated by 5%, then the purchasing power of 1 trillion USD would be equivalent to the previous 950 billion USD, and 50 billion USD of wealth would disappear. That was equivalent to the market value of a very large multinational listed company.
Feng Yu also mentioned the disadvantages of real estate as a pillar industry. At that time, many people in the National Academy of Sciences were very disdainful. Real estate as a pillar industry was the successful experience of many countries.
Of course, many countries' real estate market had collapsed and caused significant losses. Even some cities in Hua Xia, which relied on real estate as a pillar industry, had also experienced a real estate collapse.
But with the higher-ups' careful regulation, will these things happen?
Also, Feng Yu had said that the US real estate market will collapse like in the late 1990s, and many experts had scoffed at him.
That is the US, the world's best economy. How long has it been since their real estate market collapsed? Don't they learn from their mistakes?
Also, the subsequent collapse of Asia's real estate market is not a warning. How can the US real estate market collapse again?
But the reality is that the US real estate market had fallen since the beginning of this year, and it plunged again.
If Feng Yu had not told them to dump their bonds and shares in advance, they would be stuck in the market now. How much money will they lose?
It can be said that Feng Yu's every prediction was accurate.
Of course, later, Committee Member Bao found out that Feng Yu has a strong influence in the financial market.
Feng Yu is also the reason why USD fell and crude oil rose. Feng Yu is also the reason why gold prices rose.
But what Committee Member Bao does not know is that Feng Yu did not stop there. Feng Yu is also one of the reasons why the US stock market plunged and the sub-prime mortgage crisis became more serious.
Even without Feng Yu's intervention, these situations will still happen. But the situation will not be as serious as it is now.
Feng Yu had made the situation worse. Not only can he make a lot of money, but he can also attack the US economy and image. This will help Hua Xia narrow the gap with the US.
Hua Xia will have more money, and they will have more funds to arm their military. This will make Hua Xia one of the top countries in the world and not just an economic superpower.
Just like Japan, Japan's economy is second only to the US. At the end of the last century, Japan's economy had even surpassed the US. But in the end, Japan cannot achieve its political and economic goals through military attacks or threats. Instead, their country is always under the influence of the US military and has little autonomy.
Just like the US military stationed in Japan. There have been many scandals. The soldiers in the US are not as educated as Hua Xia.
At that time, the US soldiers, especially those stationed in Japan, treated military service as a profession. They can get a large sum of compensation after they retire, and they can live a good life.
Many of these soldiers are used to living a free life. When they arrive in Japan, they are influenced by their culture. How can they not be influenced?
However, these matters were all suppressed. Because Japan was defeated in World War II, it is restricted by some treaties and cannot develop its military openly. Also, Japan's territory is too small and cannot afford to be ravaged.
That's why Japan can be called a superpower now. But the word 'economy' is in front of it. In other words, their great and powerful country was established under the condition of economy.
In terms of military strength, Japan is weaker than Singapore.
Feng Yu chatted with Committee Member Bao for a while more, and he got up to leave. Before he left, he told Committee Member Bao. "Crude oil prices will continue to rise, but don't worry. It will fall soon."
Committee Member Bao was stunned. Is this Feng Yu's prediction again?
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