Chapter 180 Facing the Endgame

These parts of the countries are called "forgotten countries". During the whole economic crisis, the most painful is also the people of these countries. Most of the international charities, large and small, have stopped their activities. The "domestic and then international" policy also makes the "sunshine does not shine" on these poor people, although some rich people continue to Live a life of flowers and wine. Of course, these countries will occasionally receive some international assistance. For example, the government of Country Z has made interest-free loans of more than 30 billion yuan, Japan has reached more than 20 billion yuan, and the European Union has reached more than 60 billion yuan... But this kind of donation does not work even in ordinary times, not to mention that everyone frowns. Time!

Although some regions are messed up by these countries, and even some people try to awaken the attention of the world, no matter how chaotic and poor these countries are, it will not affect the overall situation of the world. Even if war breaks out in these countries, it will not affect the general environment of the world. "The loach in the small river ditch As long as the government of a big country doesn't sell weapons and ammunition, why do they go to war and have another arms embargo? Can they still compete in the cold weapon era? After all, they are all civilized people! But the actual situation is that while the military industry is sluggish, many arms companies have changed their methods to make profits from these countries. Therefore, this makes these wars strictly limited and not valued by bigwigs!

By the end of 1939, the world's major markets had recovered significantly. Except for India, the recovery rate was more than 60%, of which all three markets were more than 75%, and the Chinese market had reached a recovery rate of 85%, ranking first in the world's major market. The shadow of the economic crisis has gradually dissipated, that is to say, most countries have got rid of the control of the crisis; it is a happy event for all countries to get out of the crisis smoothly, because politicians coincidentally think of the economic crisis a hundred years ago and the world war that followed. "That's really terrible. Nowadays, people are the greatest luck to be able to avoid the double blow of the economic crisis and war. Politicians talk about gains, which is not limited to getting rid of the economic crisis and avoiding war. Of course, avoiding the impromptu war is also something they often talk about. Now they are thinking about what they or their own country got from the economic crisis!

North America, especially Americans, or American politicians can say to the people, "It's okay, we are still the world's most powerful country"; indeed, although the economic crisis has brought serious losses to the United States and is closely approached by the world's opponents, it still maintains the strength of the world's boss! The economic and military strength of the United States of America is still stronger than that of other countries, and it is still an irreproachable superpower. Of course, what politicians say is said by outsiders, and what critics say may be different. In a word, "the center of gravity of the world has deviated from North America and turned to both ends of Eurasia"! This is also well-founded. Although the United States has retained its first position, it has been seriously weakened. Economically, it has been pulled further away by the European Union and more by China. In the military, the lead is no longer very obvious, and the ability to deal with world problems is no longer so angry, which makes people obviously feel that they are a little unintentional. Strength!

This can be proved from several aspects. One is the depreciation of the dollar worldwide. The global dollar system collapsed in the economic crisis. People have given up the dollar, holding the strong euro and the steadily rising RMB. Even American companies have given up domestic goods. Currency, a large number of holdings of these two substitute currencies. According to statistics, as of December 1935, in the non-domestic funds stored in the form of euros and directly deposited in Europe accounted for 54% of the world's funds, 38% in the world's funds stored in the form of RMB, and most of the rest were stored in yen. The rest of the world has unanimously abandoned the US dollar. This universal currency! Even for all the stored funds in the world, the euro accounts for 49%, the RMB accounts for 31%, and the Japanese yen is 15% higher than the US dollar. By the end of 1939, the downturn of the US dollar had not been completely reversed. After depreciating by about 40%, it gradually stabilized and the situation did not continue to deteriorate. The economic crisis and the collapse of the US dollar have made the euro, which is already very marketable, stronger, and also made the RMB, which is already on the rise, popular. The two currencies together account for 80% of the world's capital reserves. It can be said that people of all countries have deposited their funds directly or indirectly into these two monetary systems. . It was not until the economic crisis was completely eased that the US dollar gradually straightened up, but it could only maintain a position similar to the RMB, falling behind the euro, forming a situation in which the coexistence of the world's three major currencies. The "disintegration" of the United States' world monetary system in the economic crisis is regarded by experts as an important aspect that the United States is no longer strong.

On the other hand, the military strength of the United States is obviously unsatising, especially during the economic crisis. In the early stage of the economic crisis, the U.S. government and the military were "slow to respond", which was slow to respond. Russia directed the "Ukraine split", which made the European Union and the Republic of Ukraine very dissatisfied. But the U.S. government and the military were powerless and "not silent" in the face of the fait accompli. The serious economic crisis and the resulting Cheng's weakness has greatly damaged the international image of the United States, and this is not the most serious incident. After all, Russia has always been an international power that can compete with the United States, and Ukraine is just a means used by the United States to restrain Russia, and the two countries do not have a legal alliance. However, in the face of the implacable situation in the Far East, she is helpless. She can neither support its allies nor force China to "give up the attempt", let alone let the two governments sit down and negotiate. If it is not for the mediation of major powers such as the European Union, India and Russia, the Far East will be full of war, and she will either give up the Far East completely and "do nothing" Either she is forced to participate reluctantly. No matter what the result is, it shows that she has been unable to restrain her ally Japan and her Far Eastern rival China. In a fundamental sense, she has been excluded from the political process of the Far East. This is the most serious power weakening suffered by the United States since the beginning of the 21st century. It can also be felt from the agreements signed between China and Japan that the two governments have put her aside, "solve their problems in private" and "uniparaly" express each other's opinions on the South China Sea!

Europeans can be said to have got what they want and expanded their influence in the world. The relatively light loss of the economic crisis and the world mainstream status of the euro have once again made her one of the important centers in the world, whether it is China, Japan, or even the United States. They all attach great importance to the European market and want to enter and expand their share in this market. Europeans believe that the European market is the most attractive market in the economic crisis. It is more attractive than the Chinese market, more attractive than the North American market, and is the undisputable center of the world! It's just that what makes them a little unhappy is that the neighbor Lao Russia bullies people too much. He took advantage of the fire to rob and split Ukraine, and gathered heavy troops in the Eastern European border, with an aggressive meaning, forcing them to "request" the Republic of Ukraine to sign an agreement and officially establish diplomatic relations with the new Russian Federation! But in any case, an important force in world politics is strongly displayed in front of people.

Compared with other countries, the top three in the Far East can be said to have their own gains and losses. For Japan, first of all, it did not collapse in the economic crisis and retained the vitality of the country. It has also been promoted in other markets around the world, and it has gained in the Chinese market, which is a matter of life and death. Although the share is not satisfactory, it can occupy 20% of the Chinese market even in ordinary times. It's also unattainable. This is what Japan value most, because they "came a heavy price". The biggest loss for her is the "useless use" of her allies. When there is an urgent need for support, "it does not play the slightest role", which seriously hurts the feelings of the Japanese and has a far-reaching impact on the future situation of the whole Far East. And this is also a great failure of Japanese right-wingers. For decades, they have despised the already strong neighbors in Asia and even the Far East, refused to admit the objective environment they are facing, and tried to expand Japan's living space with the help of the United States and others, especially the rise of DI China, but... Japan is extremely reluctant to accept Recognizing China's main rights and interests in the East China Sea, giving up the "most majority of rights and interests" on the continental shelf of the East China Sea, and acknowledging China's sovereignty over the South China Sea, fundamentally recognized China's position as the head of East Asia, psychologically recognized the gap with China, and actually caused China's rapid development. And it makes me rely on the Chinese market to a large extent, which can be said to be quite a heavy harvest. However, Japan did not admit defeat. For her, the situation is far from the point where she bowed. She will never give up her claims easily. Although she can't have a face-to-face confrontation with China (mainly for economic reasons, a large amount of money is backlogized on Chinese consumers), but she chooses more With the insidious and more ineffective confrontation policy, who will die, and the ownership of the dominance of the Far East is still known.

South Korea and North Korea are also a country with very serious losses. It is not as good as Japan and can't beat China. In the competition in China's large market, the domestic market has recovered weakly. It has fallen behind two strong neighbors in all aspects, which has established her position as the end of the Far East, although in fact, her losses are not as low as those of Japan. Deep. The South Korean and North Korean governments knew that they could not catch up with Japan in many aspects and could not gain a dominant position against their Chinese counterparts in China, but they did not expect to be calculated by the two evil neighbors. Since then, South Korea has been a neutral country, acting as a mediator, and playing her role in the Far East and the world.

The opponent's loss is his own gain, which is a common political and even economic rule, and the Z government has gained a great regional advantage. First of all, it forced the Japanese government to recognize China's rights to the East China Sea, forced the other party to give up its ambitions for the East China Sea in the form of a contract, and in exchange for its claim to support its own rights in the South China Sea. Although some of them are playing with fire, "completely eliminating Japan's non-frontal conflict threat", which is considered to be the most important thing for the government of Z. One of the gains. Second, the rapid recovery of the domestic market has rejuvenated its strong vitality, so that the market that originally suffered more losses than Europe and the United States has achieved a higher degree of recovery, and has once again become the darling of the world market, attracting the eyes of investors all over the world. Third, China has established the image and status of a world power to a certain extent. The RMB has become the world's common currency and a world currency that is in line with the euro. A large number of deposits around the world have revitalized Chinese enterprises and revitalized the huge domestic market... Fourth, although some risks have been made. However, it successfully maintained the peace and stability of the surrounding situation during the economic crisis, avoided the outbreak of war, and successfully preserved the large domestic market due to the true maturity of domestic enterprises, so that the government was not seriously damaged in the confrontation with strong opponents, and promoted many large companies to become more mature and strengthened. The ability to compete in the world!

For another big country, India, its biggest and main gain is to "live" and successfully create a "world economic miracle". No words can praise the great achievements of the Indian government and people. Just "playing" international companies and making economists around the world "disgraced" is enough to make the Indian government and people happy and forgetful! World commentary unanimously recognizes that among the governments and people around the world, India has the "most harvest"!

The vast number of working people who have been directly damaged in the economic crisis, the most painful is also the vast number of working people, and the most helpless are the companies, big and small, who only want to make money, expand profits and expand the size of the company, although the economic crisis is actually caused by some of their activities. Of. The most seriously damaged in the economic crisis are small companies. These companies have a weak foundation, poor foundation, relatively lack funds, can't get back their arrears, and countless small companies can't support it. Bankruptcy is almost inevitable. Many small business owners have lost all their money, because most of these companies are set up with private savings, and most of them use private property as collateral to borrow money from banks to make up for the lack of their own funds. Among them, houses are the most common way to mortgage. Because real estate has been heating up, houses are also valuable, and banks are willing to use real estate as collateral, so many people lose their houses. Companies of a slightly larger scale also lose a lot. Because they have certain assets, they can use the company as the main body and find an appropriate guarantor to lend funds from the bank. Although the economic crisis did not make them lose their real estate, it has also destroyed many people's years of operation, which is the most painful thing. These companies already have a certain scale. It can be said that they have been growing up, have a deep relationship, and put their strong hopes on them, which is the basis for their further expansion of the industry. Many people have also formulated five-year plans and ten-year goals. However, the sudden crisis made them fall into hell from the time they were about to ascend to heaven. Once the years of savings were destroyed, the hope of their families no longer existed, and "rebirth" was the choice of a considerable number of them. In the economic crisis, most of them commit suicide in various ways.

Big companies are still having a hard time. Almost every company has debts that can't be recovered, and there are all kinds of debts to be repaid. These debts are from banks and other companies, but no matter who they are, they have to pay them; and those arrears are large companies and small companies. The arrears of large companies are easier to say. As long as the other party does not go bankrupt first, it should be able to get a part of it back, but it is difficult to say the money of small companies. I called at noon, and someone answered. In the afternoon, I sent someone to withdraw the money, but I found that the building was empty and the company was gone. I complained to the court in anger, but I learned that the other party had applied for bankruptcy protection (many small companies did not apply for national tax protection at all)! Therefore, the life of large companies is still difficult, and many large companies are dragged down like this. There are also stock problems that tos these large companies. The stock market is usually the place where they accumulate funds for the company's development, but now it is a fatal threat. The stock market collapses, and a large number of shares held by private or groups are quickly sold off, and they have to pay a large amount of money for repurchases. At this time, the price is the best for repurchase. During this period, for example, fairies are very happy to repurchase, but this is only an isolated phenomenon. Not every company has a large amount of reserve funds. Many companies directly went bankrupt in stock repurchases because they were not born at the right time. They couldn't even survive the first barrier and died very worthless!

For groups or international companies that are larger than large companies, life is also difficult. Few group companies do not lose money, and even fairies can't avoid it. What's more, other groups, even if a certain industry's losses are not serious, will be dragged down by other subsidiaries. Cross-industry operation is a prominent feature of group companies and international companies, and the super loss of many industries, especially some industries, is a fatal factor in their failure. Generally speaking, group companies and large international companies are relatively rarely bankrupt, but it is a very common phenomenon for these companies to divest their assets. They are either mortgaged to banks or are acquired by other companies. It is called "asset reorganization". In short, it is to reduce losses and improve the overall viability of the company by slimming, but No matter which way the funds are raised, it is very heartbreaking. Of course, most surviving companies, as long as they are not seriously damaged in the subsequent market competition, can survive the economic crisis and continue to expand production. Every time the market recovers, their losses will be reduced by one point and their operating capacity will be increased by a few points.

The company's difficulties in recovering arrears have troubled most enterprises, become a serious problem, and even become a serious social problem. The eyes of the market are bright, and there is any supply as much as there is demand. A large number of debt collection companies have emerged to collect loans on behalf of others. It is said that the business of some companies is also quite considerable. But sometimes even the debt collection company can't do anything about it. There is really no money in the company's account. It can't even keep its own company. It still cares about reputation and so on. Anyway, it's impossible to have any business recently. It's just that you don't give it. What can you do? At worst, I'll see you in court. It is said that many debt collection companies are unable to operate, so they have to launch the market, and many of them have withdrawn at a loss.

Under someone's first-hand plan, the fairy company "successfully avoided" the first blow of the economic crisis, and sharply expanded the overall size of the company in the crisis, taking the opportunity to enter some new market fields. Around the world, the industry agrees that the fairy is the most legendary. "The richest company", "the most harvest company", "the most gambling company" and "the most successful company"... Because before the economic crisis, her industrial assets were about 4.3 trillion yuan, ranking 16th among the world's major consortia, and after a round of depreciation, However, she rose to the seventh place of the world consortium with 3.1 trillion yuan, ranking among the top ten. This alone has indisputably won the attention of the world, but this is not her most eye-catching place. The legend of the fairy lies in the fact that she has successfully escaped the economic crisis. Her subsidiaries not only have "minor losses", but also accumulated a large amount of activity funds, with a net capital of more than 2.7 trillion yuan, almost the same size of her assets! Although the subsidiaries of various departments have also suffered great losses, everyone agrees that 13% of the losses in the electronics industry can be "not concerned" compared with 50% or 60%; 30% of the loss of new materials, compared with 70% or 75%, can also be considered as no loss... Everyone is not only envious. Mu Xianxian's loss is slight, and she also envies her "almost non-existent arrears" and extremely low debt, because in people's opinion, only 40 billion yuan of arrears is almost "non-existent" for the two major industry giants of more than 3 trillion yuan. On average, each branch is only more than 2 billion yuan; debt, at all Needless to mention, you have to get all the arrears back in advance, and you don't have to worry about this debt!

For a company, as long as the book capital is abundant, it doesn't matter how high the debt is. The world's major group companies have hundreds of billions of yuan in arrears and hundreds of billions of yuan in debt, and some even as high as trillions, but there is no "unbalanced" like fairies, so people eat fairies very much. Shocked, I thought she was a legend. People can only use the word "legend" to express their knowledge and views on fairies! Not to mention a company, which government has so many reserve funds is a very big deal. For most countries, how many big projects and projects can be realized in the crisis, how many people can create jobs, and how many people can be saved from hunger. Threatened... It's not an exaggeration to describe a fairy with a sentence of "rich country"!

The fairy company itself has been slightly damaged, and because of her money, she has become a company that goes against the current in the crisis. Other companies are trying their best to lose weight and enhance their ability to resist risks, while she is rapidly expanding the depth and breadth of the industry. From the seven major industries before the crisis, it has expanded to the twelve major industries in one fell swoop. It has become a consortium of large companies focusing on electronics, new materials and biotechnology, supplemented by finance, food, transportation, basic parts, steel, textiles, energy, automobile and aviation manufacturing. The objects of their acquisitions are all well-known internationally. The giants of the industry, Inter, Matsumoto, and Texas in the electronics industry, Shijia, Simon and Hime in the new materials industry, Yamazaki and Hughes in the biotechnology industry, the eight giants in the world's three major industries, all of which have been manipulated by her! Whether it is the original boss or the second, they have "dated with the fairy", and a total of 13 companies have been intercepted by the fairy. Can such a rare acquisition scale not be focused on? The assets of these branches acquired by the fairy were as high as 4.5 trillion yuan before the crisis, and the assets of the eight giants were stripped of 560 billion yuan on average. Even after the crisis, there were 1.18 trillion yuan. The acquisition and payment amount alone reached 93 billion yuan. This is not a casual thing to say that she is causing trouble. It's not too much for the public to be angry. "The fairy singles out the eight giants" has become a comment on many media with ulterior motives!

There is a reason to say that the fairy is a gambler. Such a huge acquisition scale, especially the incredible Indian investment (most of the assets of the giants are acquired in India), is considered to be a very gambler investment. Perhaps the major giants will take the fairy as their enemy and will join hands to deal with her in the future market competition, but they have to admit that they once threw their "hot potato" to the fairy company, whether they are willing to admit it or not (most companies have never denied their practice), they are eager to In fact, there is no direct relationship with the fairies to withdraw some markets and sell their assets. It is not an excessive to say that you should be grateful to the fairies. Of course, there is no real friendship in the world, only the eternal pursuit of interests. It can't be decided today whether it is a friend or an enemy. The fairy's entry into the Indian market is considered to be her biggest note of the character of a gambler. In the eyes of the world at that time, she was a gambler, because she was blocked by the energy industry and was a desperate gambler! But the fairy won the bet and was the most successful winner. She has made great achievements in all three markets, especially the achievements that they will never use!

In the Chinese market, the flagship companies that Yamazaki, Shijia, Simon and Hughes have built over the years have been transferred to the fairies, largely giving up their Chinese market, and the takeover is indeed their strongest competitor. If they understand the follow-up actions of fairies, there may be no company that will give up the industry in China, but there is no if in the world. Just after they just transferred a large number of industries to fairies, there has been a larger-scale transfer in economic history. The difference in strategic choices has caused a huge difference in the future fate of each company. The fairy inadvertently entered India, which is the biggest variable of the fate of each company. For the giants, they have fallen behind the fairies and have largely lost the capital to further fight against the fairies. If they can get out of India early, reduce their own losses, and save some competitive declines, and if they drag the fairies to India, they are likely to fundamentally solve the "fairy" problem. Women's problem. Therefore, many giants almost unanimously chose to withdraw from India and consistently tried to "drag the fairies to India" and resolutely "give" the Indian industry to the fairies. This strategy can be said to be a near-perfect strategy, almost successful, but it was reversed by the fairies, making their withdrawal become The "complete withdrawal" for many years was almost completely squeezed out of the Indian market, and it was not possible to enter until many years after the economic crisis!

From this point of view alone, the fairy has achieved great success. By July 1938, the three major high-tech industries under Fairy had reached the original assets of 8.66 trillion yuan and current assets of 4 trillion yuan, with a growth rate of 170.6% and 56.9%. The corresponding eight giants only had original assets of 10.54 trillion yuan and 4.44 trillion yuan. Assets. It can be said that if it continues in this proportion, the fairy will become a de facto giant, an undisputed monopoly, and even create a rare monopoly! Of course, the fairy's greatest success lies in her revitalizing the Indian market!

People say that if you have a little hard work, you will get a little, and if you take a lot of risk, you will receive a little profit. This is a real thing! In the economic crisis, the losses in the European and American markets are relatively small, and the market capacity is also relatively large. For example, in February 37, the European and American markets were 2.18 times that of the Far East market, 1.87 times that of the Asian market at the end of 37, and 2.04 times that of the Far East market. At the end of 38, the European and American markets were higher than the Asian market. 77%, almost twice as much as the Far East market. By the end of 1939, the European and American markets were 1.33 times that of the Asian market and 1.65 times that of the Far East market. The reason for these statistics is that European and American companies are trying their best to explore the European and American markets during the economic crisis, while the three Far East countries revolved around re-exploding the Far East market. That is to say, for a long time in the economic crisis, the market of European and American companies was much larger than that of Far East companies, and much larger than the size of the entire Asian market. The larger the market, the higher the average income of enterprises. From the beginning, Asian companies, especially Far East companies, in the world peers, was quite bad. Li. If a company wants to survive, it must squeeze the living space of its rivals, expand its market share, and struggle in the already limited market. Therefore, compared with European and American companies, companies in the Far East can be said to have large investment, small output and less income. They are not as good as their European and American counterparts in all aspects, especially in finance, and suffer great losses! This situation created a certain disadvantage in their later competition. For enterprises in the Far East, they need to invest a lot of money, barely expand or maintain their poor market share, and endure extremely low market returns. More importantly, they also invest a lot of money in scientific research and technological transformation, because a peak of technological progress can give them a first opportunity in market competition. It is investing heavily in scientific research, but it has increased the already weak financial burden, and the gap with Europe and the United States is getting wider and wider!

Generally speaking, Japanese enterprises are rich and have relatively abundant funds. The three major industry giants have sent more than 640 billion yuan in fairy alone; while Chinese enterprises are relatively short of funds, but China's big banks have money, and it is still possible to lend to domestic companies for emergency within a certain limit (in the Sino-Japanese trade agreement) There is no such restriction), which means that Japanese enterprises spend their own money to invest heavily in scientific research, while Chinese enterprises without money lend money for scientific research. Even for fairies, her subsidiaries also take out loans from banks to maintain the company's synchronization or prioritize technology. South Korean and North Korean enterprises are in between the two, and they also spend a huge amount of money on scientific research, which has greatly improved the technical level of the enterprises of the three countries that are constrained by competition in just three years, and have surpassed their European and American counterparts in many aspects. As a result, European and American enterprises have capital, and Far East enterprises have technical advantages! It is well known that European and American enterprises have capital, and many of the technical advantages of Far East enterprises occur in a secret state, especially in product technology and productivity, many of which are not recognized by European and American counterparts. As for those large enterprises in India, because of the small market and lack of funds, they are generally at a state of stagnation, far behind their previous competitors! Although Far East enterprises have achieved leading advantages in technology, the lack of the company's survival and the leader in expansion can be said to be quite unfavorable in the competition.

Whether it is Chinese enterprises, Japanese enterprises or Korean and North Korean enterprises, their profit margins are very low. European and American enterprises receive a profit of 1,000 yuan, and they can only receive more than 600 yuan. Even Fairy, a super profitable large company, has profits in the Chinese market. It is only more than 100 billion yuan (three major industries). In the whole of 37 years, the profit of the whole system does not exceed 120 billion yuan. You should know that she is a large consortium with a scale of 4.8 trillion yuan, with a return on capital of only 2.5%, and the profits of its steel and textile groups do not exist at all (in fact, it is a loss). Among the following industries, only banks, food, electronics and biotechnology companies have better profits, and even new materials companies have little profits. As for other enterprises in China, the situation is no better than that of fairies. And the big companies in Japan are almost the same, and so are South Korea and North Korea. The severity of the situation can be seen! In the 38th year, the profitability of Far Eastern enterprises was still relatively weak, and the capital operation ability of most enterprises was generally low. It was not until 39 that the profitability of these enterprises reached about 80% of their counterparts in Europe and the United States. Then, because the government further lowered the profit share ratio, the form of enterprises began to gradually improve.

The returns of various companies are high and low, but they are generally similar. According to statistics, by 38 years, Fairy Company's annual profit was more than 230 billion yuan, and the return on assets rose to 5%. By 39 years, the annual profit had reached more than 400 billion yuan, and the rate of return further rose to 8.3%. . Although the government has gradually reduced the profit share of the enterprise, from 50% to 35%, and then to 15%, Fairy's profit income is still not high, and the whole company has entered a relatively difficult period since its establishment.