She was more than happy to see Li He's deflated expression.
"No wonder." Li He mumbled to himself. All his doubts were finally answered. Why did she know the Guo Family like the back of her hand? Why did she become so arrogant whenever the Guo Family was mentioned? Why did she have such confidence in Southeast Asia? Why did she do everything with ease? When it came to comparing fathers, not many people could compete with her!
The Chinese were considered second-class citizens in Southeast Asia, and there were very few Chinese political families like Thaksin. However, for a super-rich family like the Guo family, although they still defined themselves as businessmen and rarely participated in politics, they always maintained a good relationship with the political and business circles, chatting and laughing with the prime ministers of various countries. It was impossible that they did not have any political cards in their hands. Who to use money to support, who to spend money to punish, it was all up to them.
Guo Dongyun asked, "Are you surprised?"
Li He nodded. "Of course I am surprised, but it's to be expected. Only Mr. Guo's family can raise such a daughter."
This sentence was a compliment to both father and daughter, but both of them had different expressions. The daughter had a smug look on her face, while the father had a bitter look on his face.
"Mr. Li, you flatter me." Guo Tangwang smiled awkwardly and quickly changed the topic. "Mr. Li, why are you so sure that Southeast Asia will have a financial crisis? Will the speculators come? "
"A thousand-mile dike will be broken by the blood of ants; a hundred-foot room will be burned by the smoke of a sudden crack. I have discussed it with Ms. Guo. I'm not sure about other countries, but the signs are very obvious in Thailand. Thailand can be called the model of the emerging market.
However, under the background of rapid growth, Thailand has shown a high degree of vulnerability in the physical and financial sectors. For example, there are many signs. The exchange rate has been pegged to the US dollar for a long time, and the capital account has been opened. The current account has been in deficit, and the debt, especially the short-term debt, is too high. The banking system has been over-borrowing, and the risk of asset bubbles being triggered … "Li He did not hide anything about these problems.
Guo Tangwang thought for a while and said, "Thailand's manufacturing industry has been upgraded at the end of the eighties, and the export of electronic products has greatly increased. In my opinion, the current situation should not be as serious as you said, right?"
Li He shook his head and said, "Thailand's current account has been in deficit since the 60s. After the 80s, the deficit increased further, and it did not change in the 90s. That's why the rapid increase in exports did not improve the deficit.
Moreover, once the exchange rate was pegged to the US dollar, export competitiveness would be affected, and the situation would become even more difficult.
ASEAN is one body. Once Thailand is affected, Malaysia, Vietnam, Singapore, Indonesia, and even Hong Kong will also be affected. "
Feng Yu does not have any sympathy for Thailand. The West had been encouraging the countries to implement financial reforms. The so-called reforms are asking the countries to give up on the principle of gradual progress, and the so-called liberalization is to give up on the government's control over the country's capital.
And these countries really believed it. Even the media actively catered to the views of the Western world and carried out a series of so-called reforms.
Even at this stage, these countries still felt that they were not liberalizing fast enough and were still rushing on the road to disaster.
There are not many countries like China that dares to go against the Western world led by the US. I have my own currency and exchange rate policy, financial reform, economic development, I have the final say! You're not allowed to make irresponsible remarks!
All he wanted was stability!
Even using the threat of entering the WTO is useless. He must not compromise.
That's why China's independent capital control policy was able to withstand all the financial crises. Even Hong Kong was saved by the Central Government in the end.
The only country that withstood Soros's attack and did not collapse was Hong Kong after the handover.
"Mr. Li, have some tea." Guo Tang Wang raised his teacup.
"Please." Li He smiled and took a sip of his tea.
Guo Tang Wang suddenly sighed. "Now that you mentioned this, I suddenly remembered that Thailand had proposed a few years ago. They allowed their own and foreign banks to take in deposits and loans from overseas. Thailand's offshore financial market was set up, and Thailand's international capital flows increased from 100 billion Baht in 1989 to 1.5 billion Baht in 1994. This increase was more than 10 times in 4 years.
This radical liberalization policy also caused the banking industry to accumulate a large amount of foreign debt. Furthermore, most of the foreign debt is denominated in US dollars, making it more dangerous. "
"Mr. Guo's analysis is correct." This set of data was at his fingertips, which made Li He admire him greatly!
Furthermore, he is at such an advanced age!
Some people's success was definitely not a casual matter!
"The lesson from Mexico is still fresh in front of us." Guo Tang Wang suddenly understood something. "Mr. Li, you should know that I have a lot of businesses in Southeast Asia. Do you have any suggestions?"
"Mr. Guo is more knowledgeable than me. Naturally, you don't need to ask me." Li He said honestly.
"What if you are in my position?" Guo Tang Wang did not give up.
Li He smiled. Seems like he has to say it. "Accumulate food and wait until you become king."
"Mr. Li, are you encouraging me to go against the international hot money?" Guo Tang Wang laughed. "This old man is old and might not have this ability. I am only a businessman."
"If you and I work together, we will kill all the gods and buddhas in our way!"
Li He's words were domineering and left no room for leeway. Guo Tangwang was moved.
"You and I work together?" Guo Tang Wang did not expect Li He to say such words. Because Li He's businesses in Southeast Asia were small, he did not need to intervene in this matter. He could even ignore it. When the market was in a slump, he could take advantage of it and buy it in bulk.
"Mr. Guo, you only need to raise a position. I will make up for the rest." Li He smiled. "I believe in Miss Guo's ability. After all, she is the only one who has successfully stopped Soros. In the Pound War, she not only made money, but also won the friendship of the British government."
"Okay!" Guo Tang Wang only said one word. He did not agree or disagree. He just said, "If Mr. Li doesn't mind, I will hold a private dinner party. I hope you can attend. These are my trusted old friends. It is better to have fun together than to have fun alone."
"The guest follows the host's wishes." Li He knew that this old man had the intention of forming a faction. The old man still did not trust him, so he was always thinking of ways to get some people to come over and strengthen his own strength, so that he would not be the only one.
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