Norio Ohga refused to resign. Anyway, the Chairman had not said anything. The Chairman had allowed him to be the Acting President and was very supportive of him.
That night, Norio Ohga and the rest were watching the New York stock market. That was Sony's most important financial battleground. If the share prices there plunged, Sony's losses would be significant.
Sony had taken a series of measures. For example, all the shareholders had announced that they will increase their shares and will be giving out dividends this year. They hoped that the shareholders would not dump their shares, and the share prices will not fluctuate.
But when the market opened, Sony, Toshiba, and other companies' share prices plunged. Within 10 minutes, their share prices had dropped by 5%, and it was still falling.
The US media also reported on Hua Xia's news. They reported that Sony, Toshiba, and other companies' factories in Hua Xia had been sealed.
When this news was released, the shareholders felt that Sony, Toshiba, and other companies' costs will increase, and they will not be able to give out dividends.
Now, the US stock market was doing well, and there were many stocks worth buying. There was no need to hold on to Sony, Toshiba, and other companies' shares.
Fu Rongqi got his men to spread this news, and the crisis was magnified. The share prices plummeted rapidly.
Of course, Sony, Toshiba, and other companies' US branches were also trying to save the market. They kept releasing all sorts of good news, but it was drowned by the negative news. The share prices continued to fall, and panic selling could no longer be stopped.
Many people guessed that Hua Xia's government would punish Sony, Toshiba, and other companies.
Everyone's guess was right. Hua Xia's government had made a statement. First, the City Mayor, who was exposed by < Focus Interview >, apologized for his negligence. He had sealed the factory and arranged for all the workers to undergo medical examinations. He had also sent the environmental protection department to discuss how to clean up the damaged environment.
Toshiba will be responsible for the cost of cleaning up the polluted environment and the medical expenses caused by the workers working in the factory. Toshiba will also be responsible for the loss of working hours, health fees, etc. Toshiba will also be punished accordingly. They had appealed to the court, and Toshiba's accounts in China had been frozen!
These were those who reacted quickly. There were also those who reacted slowly. Before they could say anything, the government had already sent many investigation teams to investigate the Japanese factories. Including the electronic factories, chemical factories, mineral processing factories, etc., the reputation of Japanese companies in China had dropped.
The government had made their stance clear when they sent out the investigation team. This incident must be dealt with harshly.
The leaders of many departments of the Huaxia government had publicly stated that they would hold these factories accountable. They would also severely punish the leaders who had failed to take responsibility.
He also warned those leading cadres not to deceive their superiors and subordinates for the sake of political achievements and to do such things that harm the interests of the people. At all times, Huaxia would always put the interests of its citizens first.
Blindly developing the economy for political achievements and disregarding the environment and the health of the people. Such officials should be fired. China doesn't need such investments!
They had also warned those factories to investigate. and if they found any factories in those factories, they would be punished!
The government supported the seizure of those factories' bank accounts. Those factories would also be punished. Even if they could no longer produce or sell their products in Hua Xia, the government would make them pay for their actions internationally!
When this news was broadcasted on CCTV, the people cheered. All the major newspapers started to reprint the contents of these speeches. At the same time, many people started to write letters or make phone calls to report the factories around them.
As for the local officials, it was as if their eyebrows were on fire, and they began to conduct an internal investigation. Once they found a similar enterprise in their jurisdiction, they had to investigate it thoroughly. If it was confirmed, they would shut it down immediately.
Feng Yu did not expect the Central Government to be so strict when he saw this news. But this was a good thing. It was better than Hua Xia in his previous life.
The government had brought in polluting factories to make money and then spend more money to clean up the pollution. At the same time, the people did not feel any happiness. Instead, they were sick.
Feng Yu despised the actions of those local government officials. How could they not know there were polluting factories in their districts? Before they brought in these factories, how could they not know these factories were heavily polluting?
To Feng Yu, shutting down the factories is a way to avoid the limelight. Who knows if those factories will continue to operate after the limelight is over. They will continue to violate the regulations and continue to pay taxes to the government to make high profits.
Feng Yu could even guess that many of these factories were trying to contact their local leaders. They should have been fined 1 million RMB, but they used 500,000 RMB as gifts to avoid the fines and can still operate normally.
How are they going to settle the complaints from the citizens? They can use some fake methods to prove that there was no pollution or use some temporary measures to clean up the factories. After that, they will continue to violate the regulations. Who will know?
Even if someone found out, how can the citizens win against the government officials? A few small favors would be enough to settle the matter. The key was the government officials' mindset and transparency. These were the basic measures.
… …
This news affected Sony, Toshiba, and the rest of Japan's chemical companies. The newspapers also revealed the names of some Japanese chemical companies, and the share prices of those companies plunged.
The Japanese government could no longer sit still. These companies were shut down and their accounts were frozen. They even had to pay compensation. This will be a severe blow to Japan's economy.
Even before the compensation was paid, the impact was already significant. Many Japanese companies' share prices had fallen, and the stock market also fell. In just two days, tens of billions of USD had disappeared.
If this carries on, it will be another stock market disaster. Japan's economy, which had just started to recover, will be finished again?
Not only the Hua Xia market. All the Japanese factories around the world were facing a crisis of trust. Even some qualified chemical factories and electronic components factories were requested by the local government and the public to shut down temporarily. They must be inspected again before they can start operating again.
How much money will these factories lose if they shut down their factories for a day? Why would these factories agree? But now, these factories were facing a crisis of trust. Others were suspecting that these Japanese companies' emissions were not up to standard and will cause serious pollution. Some people even stepped forward to claim that they had fallen sick because of the pollution and wanted these companies to pay compensation.
The Japanese government was in a terrible situation, but the Hua Xia government did not contact them. It seems like they want to make the situation worse. The Japanese government could not wait any longer and immediately contacted the Hua Xia government … …
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