Chapter 1857: God of Eastern Finance

Qu Yunzhe stood at the entrance of the building and straightened his collar. This guy was short in stature, so he was very particular about his appearance.

After tidying up and feeling that it was about right, he strode up the steps, and his entourage hurriedly pushed the door open for him.

Qu Yunzhe walked through the main door with his head held high and headed toward the elevator. Just as he stood there, the elevator dinged and opened, and a few people walked out from inside.

These guys glanced down at Qu Yunzhe and brushed past him. Just as Qu Yunzhe entered the elevator and watched the doors close, he heard the laughter of those few people who hadn't walked far yet.

"He seems even shorter than Teddy Robin."

"Short is short, but he looks better than Teddy Robin."

"Looking good is useless. My Corgi is taller than him when it stands on its hind legs."

As the elevator doors closed and it ascended, the sounds from outside were cut off.

No expression could be seen on Qu Yunzhe's face, but deep in his eyes, a thick murderous intent was hidden.

The two accompanying staff members felt the cold, gloomy aura on Qu Yunzhe and didn't even dare to breathe loudly.

"Ding!"

The elevator doors slowly opened. As Qu Yunzhe walked out, the two accompanying staff members let out a long sigh of relief.

At Qiu Dongfang, the beautiful and sexy receptionist, Miss Jimmy, was answering the phone. As soon as she looked up, she saw Qu Yunzhe.

She had a deep impression of this little man, not to mention that President Yuan had already given instructions yesterday that if this Mr. Qu came over, he should be taken directly to the reception room.

"Mr. Qu, hello!" Jimmy put down the phone and greeted him very respectfully.

Qu Yunzhe also had a good impression of this receptionist at Qiu Dongfang, because in this girl's eyes, he couldn't see discrimination, but rather respect.

"Hello, is President Yuan in?"

Jimmy wore a professional smile on her face: "President Yuan Ying has already given instructions. Since you've arrived, please go directly to the reception room. Please come with me."

"Thank you!" Qu Yunzhe thanked her and followed Jimmy to the reception room.

Jimmy asked: "Mr. Qu, would you like coffee or tea?"

Qu Yunzhe said: "Just bring me a glass of plain boiled water."

"Alright!" Jimmy poured a glass of plain water for Qu Yunzhe: "Mr. Qu, please wait a moment, I'll go and report to President Yuan."

"Sorry to trouble you." Qu Yunzhe was also very polite.

Jimmy left the reception room and happened to see Yuan Wanqi's secretary, Xiao Yunfang, coming out of the office.

"Little Secretary!" Jimmy called out, then walked over quickly: "That Mr. Qu has arrived."

"Got it!"

Xiao Yunfang was holding a folder, and the expression on her face was very solemn.

Jimmy could tell and thought to herself that there might be another big move.

She didn't say much more and turned to leave, though her heart was a little excited.

As long as the company made a move, her bonus as a receptionist wouldn't be small.

Thinking back to last October when they shorted sugar, she got five thousand in red envelopes.

And the year-end bonus was over twenty thousand, which was something she never dreamed of.

So, even though she was just a receptionist at the company now, she was full of energy.

Xiao Yunfang arrived outside Yuan Wanqi's office and raised her hand to knock on the door.

"Come in!" Yuan Wanqi's voice came from inside.

Xiao Yunfang pushed the door open and went in, seeing Yuan Wanqi holding a cup of coffee, standing in front of the floor-to-ceiling window.

"President Yuan, Mr. Qu is here."

Yuan Wanqi nodded: "Let's talk about business first."

Xiao Yunfang placed the document in her hand on the desk, the expression on her face even more serious.

"According to investigations, the probability of a financial crisis in Mexico has greatly increased. Compared to last year, it may exceed seventy-five percent."

The expression on Yuan Wanqi's face also became serious. She put the coffee cup on the desk, sat down, and then opened the document, Xiao Yunfang's voice ringing in her ears.

"First, in December 1992, after Mexico joined the North American Free Trade Area, imports increased significantly, consuming a large amount of foreign exchange reserves and facing an unprecedented trade crisis.

Second, after lifting capital controls, the implicit exchange rate guarantee of the pegged exchange rate system attracted large-scale private capital inflows, which increased the value of the peso and led to a decline in export competitiveness.

Third, Mexico's inflation is serious. The Mexican government adopted a peso-to-dollar peg, wanting to maintain a relatively stable exchange rate policy for a long time to solve the inflation problem.

But the Mexican government's anti-inflation plan based on the exchange rate anchor clearly overestimated the value of the peso. Because Mexico's economic growth is slow and product competitiveness is not strong."

Speaking of this, Xiao Yunfang paused for a moment.

"According to the investigation and analysis by the office stationed in Mexico, the growth rate of Mexico's inflation rate is far higher than the rate of peso depreciation. The problem of peso overvaluation is becoming more and more serious, hindering exports and stimulating imports, and the trade deficit is expanding rapidly."

A light slowly appeared on Yuan Wanqi's serious face. She reached out and turned to the next page, and immediately after, Xiao Yunfang's voice rang out again.

"Mexico's private investment is seriously insufficient. Investment funds mainly flow into real estate, commerce, and financial markets. The tertiary industry far exceeds the primary and secondary industries, and the industrial structure is extremely unbalanced.

Moreover, the privatization process is too fast, causing a large loss of state-owned assets. Productive investment is constantly declining, and speculative investment is frantically flowing into the financial market, seriously weakening the country's ability to regulate the economy and prompting a serious imbalance in the economic structure. A bubble has already formed and is expanding rapidly.

There is also the most important point: the crawling peg exchange rate system implemented by Mexico is based on sufficient foreign exchange reserves and balance of payments.

But Mexico's financial liberalization has allowed bank credit business to expand rapidly, yet the Mexican government has no effective regulatory measures, causing the proportion of bad bank debts to continue to increase while also causing a large loss of its foreign exchange reserves, which prompted a huge deficit in Mexico's trade balance."

Yuan Wanqi closed the document and said thoughtfully: "As the saying goes, when a whale falls, everything lives. Now Mexico is like a whale that has suffered serious internal injuries. It hasn't realized it itself, but there must be sharks with keen sense of smell that have smelled the blood."

Xiao Yunfang nodded: "That is certain, but we started laying out half a year ago. This time we will definitely be able to eat a big piece of fat meat. It's just that it's not clear when Mexico's bubble will burst."

Yuan Wanqi thought for a moment: "The boss said the greatest possibility is after October and before January next year."

Mentioning Zhou Andong, Xiao Yunfang's eyes lit up: "Our boss is really amazing. As early as when Mexico signed the North American Free Trade Agreement with the United States and Canada, he predicted the outbreak of the Mexican financial crisis and let us send people to Mexico to collect information and prepare in advance."

Yuan Wanqi was full of sighs: "If our boss put all his energy into finance, he would definitely become the God of Eastern Finance and compete with those big crocodiles on Wall Street."