If you cheat, money will follow

After the inspection, Zheng Qiguang did not leave.

Instead, he chatted with Chang Le alone in the Shanghai Microelectronics conference room.

"Chang Le, I talked to Zheng Peng on the phone a few days ago. He said that he was doing business, inspecting and investing in building factories?" Zheng Qiguang asked.

"Yes, Uncle Zheng, this happened, and I asked him to go." Chang Le said:

"After all, he is a shareholder of Leda Automobile. He has the obligation and responsibility to do something for the company, and he is personally willing to do so."

"This kid is definitely willing to inspect everywhere as the God of Wealth. How can he not get preferential treatment?" Zheng Qiguang said with a smile:

"Back to business, Chang Le, well done."

"The leader was very happy after hearing the report. He originally wanted to take the time to come and see it in person..."

"But I had other things to do temporarily, so I was entrusted with it."

"He asked me to bring you a message to let you put aside your worries and keep working hard."

At this time, Zheng Qiguang looked relaxed and not as serious as when he inspected just now.

"Uncle Zheng, thank you for your continued concern and support, the leader. The main reason why Leda has developed so smoothly and without interference in the past few years is because of your support," Chang Le said.

"The key is for your company to strive for success." Zheng Qiguang said appreciatively:

"The industry analysis report you submitted is very good and detailed. The leaders highly affirmed it and believed that it was able to face the problem directly without whitewashing it, and analyze it in a targeted manner without covering up, which is very helpful for decision-making reference."

"He asked me to come here just because he wanted to talk to you face to face and ask for advice."

"Uncle Zheng, tell me."

"The leaders learned about the current development status of the semiconductor industry through the report, but they have concerns about whether to adopt the suggestions put forward in the report." Zheng Qiguang said:

"Many experts believe that this report is alarmist. In the context of globalization, the situation described in the report is impossible to occur. They also emphasized that the interests are mutual."

"Don't worry, they don't know who wrote the report."

Zheng Qiguang continued:

"Given the opinions of these experts, leaders have to seriously consider this."

"There are two main levels of consideration. First, the semiconductor industry chain is so long. Is it necessary for the country to bear all the division of labor?"

"The second is whether European and American countries will take drastic measures to contain us. After all, under free trade conditions, to contain us is actually to contain themselves."

After listening, Chang Le asked: "Uncle Zheng, do all experts hold this opinion? Or?"

"Only some experts, some experts support your point of view and believe that it should be promoted at a high level, establish an overall agency to coordinate, coordinate and standardize, and strengthen guidance through large funds."

“Now, leaders want to hear the considerations behind your suggestions.”

"Uncle Zheng, we still stick to the view we have always held. From an overall perspective, it may be a little biased." Chang Le said.

"It's okay, let's just say it, there are no outsiders here." Zheng Qiguang said.

"Okay, our company believes that the country will definitely rise, and North America will definitely adopt non-market-oriented or even gangster-like extreme measures to contain us." Chang Le said:

"There are two reasons..."

"On the one hand, by continuing the open policy for decades, we have established a huge early advantage that other countries cannot replicate..."

“The first is the complete high-speed rail, expressway, aviation, and logistics systems, which are advantages in terms of infrastructure;”

“Second, it is the only country in the world with a complete industrial products industry chain;”

“The third is the world’s largest market with the most consumption power;”

“The fourth is advantages in policy execution and efficiency.”

"Once the advantages in these four aspects are established, we will have the foundation to impact the upstream. It is impossible to stay at the low end of the value chain and must move to the high end of the value chain."

"This process is spontaneous and must be carried out. It belongs to the laws of human social development and is not subject to human will."

"The high end of the value chain is the private territory of Western countries represented by North America, and it is the basic guarantee for their high-welfare life."

"They cannot and will not allow new players to enter the game, let alone a super player with a population of more than 10 billion."

"Uncle Zheng, our point of view is very direct and simple. The process of moving to the high end of the value chain must be a zero-sum game."

"The number of people who go up will inevitably come down. Cooperation and win-win are only partial, and the overall situation must be fierce competition."

Hearing this, Zheng Qiguang nodded: "Well, many managers and scholars agree with your point of view. Is there another reason?"

"Another reason is the internal conflicts in North America." Chang Le continued:

"Under the background of free trade, the income gap between my country and Western countries, led by North America, is narrowing, which sometimes leads to a decrease in the income and status of their middle class. This was very obvious after the subprime mortgage crisis in 08."

"The specific manifestations are as follows: First, North American non-agricultural employment data show that new jobs are basically concentrated in low-end employment, and only a small number of people have entered high-end service industries such as finance and IT."

"Most of the high-end manufacturing jobs are in our country, which has led to a huge psychological gap."

“Second, the quantitative easing policy has continuously pushed down interest rates, and a large amount of funds have flowed into the North American capital market from emerging markets.”

"Although U.S. stocks continue to rise, the problem is that 84% of stocks are held by 10% of people. The wealth of these 10% of people has grown too fast, causing the gap between the rich and the poor to continue to widen."

"Third, the wealth in North America is basically concentrated in the hands of the elderly born between 1946 and 1964, and young people have no chance."

"Without the help of capital, they can only survive in low-end employment. The pressure to survive is increasing, which has led to the prevalence of populism and the intensification of internal conflicts."

"It has been difficult for North America to digest and resolve these three manifestations internally. It must establish an enemy, and use this enemy, whether real or fake, to divert internal conflicts..."

"Based on this general consideration, we believe that North America's response to my country's rise will not be mild, but will be more intense than imagined."

After Chang Le finished speaking, Zheng Qiguang nodded frequently: "Okay, that's very good. In fact, I personally prefer your point of view."

"I will bring your views and ideas back for the leadership's reference. Of course, this process will not be too fast, so be patient."

"Thank you Uncle Zheng for your concern. Leda Investment will continue to increase its efforts in the field of lithography machines." Chang Le said.

"Well, I also want to ask, are you very optimistic about Juchang?" Zheng Qiguang asked suddenly.

"..." Chang Le was stunned for a moment: "Is there any problem?"

"Nothing else, just asking." Zheng Qiguang said:

"Before, Leda invested huge sums of money into Juchang's terminal business, and then Juchang frequently deployed in the software field of the semiconductor industry..."

"While developing the system and developing EDA at the same time, your division of labor is very clear and clear. Juchang is responsible for the software and you are responsible for the hardware."

"Recently, you have injected tens of billions into Juchang to support the communications business."

"Uncle Zheng, to tell you the truth, we are indeed very optimistic about them." Chang Le said solemnly:

"We even believe that Juchang can represent the essence of the domestic IT industry."

"By planning and responding in advance, only their organizational structure, talent team, technical reserves, and financial strength can withstand possible attacks and sanctions."

"As long as they can withstand the blows and sanctions, domestic IT companies will rise in response to the situation."

"By then, the world's industrial capital will gather in China, and the North American IT industry will have one and only one ending."

"Okay, I understand." Zheng Qiguang patted Chang Le on the shoulder:

"Come on, it's lunch time. Don't wait too long outside. Let's have lunch together."

"it is good!"