Chapter 1787: The wind rises at the end of the green duckweed

Xie Junqiang wandered around Changshan for a few days. Of course, it was not Su Xinghui who accompanied him, but An Dachang, because economic work was now under An Dachang's charge. Even Su Xinghui was not suitable to interfere too much in such matters.

Moreover, Su Xinghui also consciously wanted to cultivate An Dachang's ability. An Dachang's performance in the transportation profession was naturally very outstanding before, but Su Xinghui hoped that he could be more comprehensive and become a global leader, not just a professional leader.

Although professional talents were rare, global leaders were even rarer. Su Xinghui hoped that An Dachang could become such a person.

Su Xinghui also believed that Changshan County's attraction to investors was very strong now, and there was no need for him to personally receive every investor.

After Xie Junqiang wandered around several towns in Changshan County, he finally decided to invest in building a logistics and warehousing company in Xiaopu Township. Of course, his decision did not represent the decision of the Xie Group. The Xie Group still needed to send someone to look at the situation in Xiaopu Township before deciding whether to really invest here.

However, Xie Junqiang's vision was quite good. Xiaopu Township was at the junction of Changshan County and Wushui County, and it was not far from Dashan County. The expressway Su Xinghui planned to build would also pass through Xiaopu Township. Building a logistics and warehousing company here was naturally the most appropriate.

Xie Junqiang also intended to build a pharmaceutical factory in Changshan County. Their Xie family also involved in the pharmaceutical industry in Hong Kong, mainly producing Chinese patent medicine. They had a large-scale pharmaceutical factory in Hong Kong, but running a pharmaceutical factory in Hong Kong required very high transportation costs for raw material transportation and product transportation. After all, their raw material production areas and main sales destinations were in the interior.

Changshan County was entirely mountainous, and the Chinese herbal medicine resources here were naturally incomparably rich. Moreover, Xie Junqiang also heard

Su Xinghui talk about the concept of the Tianyue Mountain Economic Cooperation Zone. If these ten or more counties in the Tianyue Mountains cooperated more closely in the economy, then such a large mountainous area would be more sufficient in the supply of Chinese herbal medicine.

Changshan County was located in the central region of China, and the transportation here was also becoming more and more developed. Building a pharmaceutical factory here, products could be sold directly to all parts of the country through the expressway, and labor costs were much lower than in Hong Kong. Therefore, building a large-scale pharmaceutical factory here was very suitable.

Three days after Xie Junqiang arrived in Changshan, Mi Xiuyuan also arrived in Changshan. Su Xinghui and Yu Ruizhi also hosted a banquet for him, and Xie Junqiang naturally accompanied him.

At the wine table, Xie Junqiang asked, "Xiuyuan, how is it? How is your investment in the foreign exchange market?"

Xie Junqiang and Mi Xiuyuan were both descendants of two big families, and their abilities were very excellent. The relationship between these two big families was also quite good. Since there was not much overlap in the industries they were involved in, there was not much competition. On the contrary, they were very complementary. For example, the Mi Group was involved in the financial industry, the Xie Group would finance the Mi Group when the position was inconvenient, and the Mi Group's logistics business was basically contracted to the Xie Group.

It could be said that these two families were allies in Hong Kong. Xie Junqiang and Mi Xiuyuan, two descendants of similar age, also had a quite good relationship and could be considered good friends. Xie Junqiang was also very concerned about Mi Xiuyuan's investment.

Mi Xiuyuan said, "It's okay, the matter is not big. It's just that the foreign exchange market in Thailand has some relatively large fluctuations, and it has stabilized now."

Xie Junqiang asked, "Is the loss big?"

Mi Xiuyuan nodded and said, "It's considered a bit big, but I encountered a good market at the end of last year and made a lot of money. This time, it hasn't hurt the vitality."

Su Xinghui asked, "What is the reason for this fluctuation?"

Mi Xiuyuan said, "It should be international speculators at work; they often do this, whipping up market volatility so they can profit from it."

Su Xinghui said, "This also blames the foreign exchange policies of those Southeast Asian countries themselves, which provided convenience for international speculators."

Mi Xiuyuan's face showed shock and said, "Brother Su Xinghui, you also understand this aspect?"

Su Xinghui said, "I understand a little bit."

Mi Xiuyuan said, "Then tell me carefully, what problems are there with the foreign exchange policies of these countries?"

In Su Xinghui's previous life, after the Asian financial crisis occurred, there were countless analyses of this unprecedented event, and the causes of this financial crisis had been analyzed very thoroughly. Although Su Xinghui did not study finance professionally, he was engaged in economic work at that time, so he had read a lot of articles in this area and knew a lot about this.

Su Xinghui said, "In order to attract foreign investment, these Southeast Asian countries maintain a fixed exchange rate on the one hand and expand financial liberalization on the other. This naturally provides an opportunity for international speculators. For example, Thailand, they canceled the control of the capital market a few years ago, making the flow of short-term funds unimpeded, providing good conditions for foreign speculators to speculate on the Thai baht. It would be strange if others didn't speculate."

Mi Xiuyuan's face showed admiration: "You are really capable of everything. Your analysis is very professional, similar to the analysis of our company's analysts."

Su Xinghui continued: "In order to maintain the fixed exchange rate system, these countries have long used foreign exchange reserves to make up for the deficit, leading to an increase in foreign debt. In the case of more medium-term and short-term debt, once foreign investment outflow exceeds foreign investment inflow, and the country's own foreign exchange reserves are insufficient to make up for the deficiency, the devaluation of this country's currency is inevitable."

Mi Xiuyuan nodded and said, "Yes, this time it is because Thailand's foreign exchange reserves are not enough, so the Thai baht fluctuates relatively large. Fortunately, the strength of international speculators this time is also average. When other Southeast Asian countries used foreign exchange reserves to fight back, this speculator retreated in the face of difficulties."

On the issue of dealing with international speculators, several Southeast Asian countries are still relatively united, because their problems are the same, have extremely high homogeneity, and they are close neighbors. If one country's currency is attacked by speculators to collapse, it will definitely produce a chain reaction.

Generally speaking, as long as one country's currency is attacked, the other countries will use their own foreign exchange reserves to fight back. Several Southeast Asian countries have been export-oriented economies in the past 20 years, their processing industries are very developed, so their economic development is very good, and their total foreign exchange reserves are not small, so they have repeatedly been able to repel the attacks of international speculators in recent years.

Su Xinghui smiled and said, "What if international giants unite to attack Southeast Asian countries?"

Mi Xiuyuan was stunned for a moment, and he couldn't help but frown. This was not because he was disgusted with Su Xinghui's words, but because he felt that what Su Xinghui said was very likely to happen.

The rapid economic development in the Southeast Asian region has been maintained for 10 or 20 years. However, in recent years, with the rapid development of China's economy, the processing industry market in the Southeast Asian region has been gradually occupied by Made in China. Therefore, the economic development speed of Southeast Asian countries has generally slowed down.

However, maintaining rapid economic growth is the common wish of all developing countries. When the conditions for rapid growth become insufficient, in order to continue to maintain speed, these countries turn to relying on borrowing foreign debt to maintain economic growth. Therefore, the foreign debt of several Southeast Asian countries is increasing.

This has created a huge flaw in their currency market, which is what Su Xinghui said earlier: "Once foreign investment outflow exceeds foreign investment inflow, and the country's own foreign exchange reserves are insufficient to make up for the deficiency, the devaluation of this country's currency is inevitable."