Rebirth in 1989: Building a Chinese Technological Empire

In Europe, the European ground forces encountered resistance in the Federal Republic of Yugoslavia. The European troops that landed in the Federal Republic of Yugoslavia and the Federal Republic of Yugoslavia actually fought fierce street battles in the city.

Although the European troops were advancing, the resistance became more and more fierce. Especially after entering Serbia, the resistance was more intense. Because Serbia has many veterans.

The war did not enter the stage of rapid ending, but instead entered the rhythm of a protracted war. This caused the European economy to fall again.

The economic situation in the United States is very good, and a large amount of financial capital has entered the United States.

China is also very good, because the manufacturing industry that fled from Europe has basically come to China, and even Russia has reaped the dividends, and the economy has fluctuated.

And this war also caused international oil prices to rise. OPEC member countries announced production cuts. Not only oil prices, but also the prices of various resources such as natural gas have risen, which made Europe miserable again, because Europe needs to import a large amount of these resources.

The high energy prices caused the European manufacturing industry to flee again. There is more than one country behind this. The United States, Russia, China, and OPEC members all want these prices to rise.

For countries like OPEC and Russia, the rise in oil and gas prices can make them more money, so they are willing to do so.

For China and the United States, although the rise in oil prices will have an impact on themselves, it will cause greater harm to Europe and accelerate the withdrawal of European capital.

The side effects of rising oil prices are far less than what is gained. Now the United States and China have maintained a tacit understanding and are eating Europe. Who doesn't want to make money in a profitable business? Although a declining Europe is not in China's interests, Europe is not yet completely dead. Europe has made a lot of money in recent years and has a lot of wealth. It's okay to reap more.

Just when Europe was in chaos, China also made a big move in Asia.

On November 8, 1998, the first Xiangshan Economic Forum led by China was held in Yanjing.

Many countries came to participate in the economic forum this time, including Thailand, Laos, Cambodia, Vietnam, Malaysia, Singapore, the Philippines, Malaysia, Indonesia, Pakistan, Iran, Saudi Arabia, Qatar, the United Arab Emirates, Iraq, Afghanistan, Egypt, Syria, Libya, Sudan, Rwanda, Uganda, Tanzania, Zambia...

There are as many as 28 countries participating in the Xiangshan Economic Forum this time, and the most important thing is that China has a great influence on these countries.

Such an economic forum has attracted the attention of the whole world. Because the Xiangshan Economic Forum led by China this time is of high standard, most countries are the number one or two figures who come in person, and there are also the heads of the financial departments of various countries.

In addition to people in the political circle, many business representatives also gathered in China.

And this economic forum is not the most important thing. The most important thing is that a few days later, China, Thailand, Laos, Cambodia, Malaysia, Indonesia, Pakistan, Libya, Sudan, Rwanda, ten countries signed an important agreement together.

Ten countries announced the establishment of the Asia-Africa Economic Free Trade Zone. Ten countries announced that they would mutually reduce tariffs on some goods, reduce customs clearance procedures for some goods, and establish a complete inspection system, etc.

At the same time, the Asian-African Economic Development Bank was established to support the economic development of the ten countries.

China announced that it had signed a passport visa-free agreement with nine countries.

After the announcement of this news, it immediately caused an uproar around the world. Everyone knows who is leading the Asian-African Economic Free Trade Zone.

Obviously, this is an economic free trade zone led by China, and ten countries came at one time, and more countries may join this free trade zone in the future.

What is this free trade zone? To put it bluntly, it is China's back garden. Because China is a manufacturing power. Mutual reduction and exemption of tariffs is most beneficial to China. After the tariff reduction, China's goods can enter these countries better.

And it is also beneficial to other countries. Because they are all weak manufacturing countries, mainly exporting resources and agricultural products.

These things are what China needs. If China reduces these tariffs, their things can be sold to China better.

This is called mutual benefit, and the biggest loss is to other countries. The competitiveness of manufacturing countries other than China in these countries will definitely not be able to compete with China.

Similarly, the products of countries that sell primary raw materials to China are not as competitive as these countries. China and other countries form a perfect complement.

The establishment of the Asia-Africa Economic Free Trade Zone is like a nuclear bomb, which directly attracted the attention of many countries. Under the influence of this free trade zone, China's stock market has also seen a significant increase, and the goods of the countries in the free trade zone have increased significantly.The currency exchange rate also rose, and the stock market also rose.

The big move, China has been holding back this big move for a long time, and now it has finally come out.

This time, ten countries can join the Asia-Africa Economic Free Trade Zone, which is China's biggest economic victory in recent years.

If this free trade zone is well operated in the future, more countries will join this free trade zone. And this free trade zone will continue to evolve in the future.

Now it is just tariff reduction and exemption, passport visa exemption, and it is very likely that there will be zero tariffs on each other in the future.

There will also be a unified bank payment system later, and when there are enough countries in this free trade zone and the time is ripe, they can directly abandon the US dollar and use the RMB as the unified payment currency for the entire free trade zone.

At that time, the RMB will become an international currency like the US dollar, and may even replace the US dollar and become a new global currency.

At that point, China can also use currency to influence its own economy like the United States.

Of course, these things need to be done step by step. China wants to be fast, but other countries may not be willing. Other countries are also looking at whether they can make a profit.

They will only take the next step if they can profit from China and increase their own economy. If they cannot profit, it is normal for them to withdraw from the free trade zone in the future.

Between countries, the final result will return to interests. At the same time, we also need to look at China's future international influence.

Why do these countries sign free trade zone agreements with China now? The reason is very simple. There was a war in Europe, and the United States's golden body was broken and it dared not to come to Asia to make trouble.

Everyone saw the rise of China, so they signed a free trade zone with China.

If it were China in the original time and space, they would not establish a free trade zone with you even if you boasted about it. After all, you don't even have the ability to protect yourself, so how can you be qualified to establish a protective free trade zone.

But it's different now. Now China's economy is soaring rapidly and has become the most important international economy. If China hadn't deliberately made a fuss about GDP statistics, China would have already become the world's second largest economy.

China's current GDP statistics are not only not inflated, but also deliberately shrunk. The reason is to hide its shortcomings, but now that the free trade zone has been established, it's time for China to come to the fore.