Afternoon.
Three o’clock.
Kan Qin’s office.
"This..."
Upon learning about this new policy, Sun Jiang felt a bit bewildered, carefully pondering whether there was a ’trap’ in it. Otherwise, why would Ling change so useless procedures and processes for no reason?
Moreover, losing money.
And it’s not just a little.
But a lot.
Rough estimates suggest.
The Myanchuan central governnt’s annual fiscal revenue would decrease by more than a hundred billion Asia Dollar.
This is still a conservative estimate.
Subsidies.
As long as there’s a connection, too many enterprises want to get in on the action. But now, you’ve turned it into a universal policy, almost all import and export related industries are covered.
Tax reduction.
Local taxation was already low, so what was handed to Zhong Yang is less, and under the premise of receiving less tax, Zhong Yang still fully subsidizes each state, so it’s a double deduction.
Speaking of which.
Are you guys so loaded that it’s burning a hole in your pocket?
ssing around?
No.
Sun Jiang also doesn’t think so.
Ling is not soone who likes to do futile work or lose money. All along, Ling’s decisions have never been wrong, and the researchers from Huaxia have given Ling’s governance high praise.
Calm.
Wise.
Decisive.
...
A mature politician’s qualities, Ling almost possesses them all perfectly. Why almost? Mainly because Ling’s actions are too arbitrary, more radical, less stable.
- Do the right thing.
- Stability.
The two do not have an absolute connection.
After all.
If it were on the battlefield.
A commander who charges at the forefront every ti may win every battle, but no one would think this commander is qualified, the sa logic applies to Ling’s shortcomings.
"Why?"
Sun Jiang couldn’t help but ask.
Couldn’t figure it out.
"Asia Dollar."
Kan Qin said in Chinese.
"Asia Dollar?" Sun Jiang murmured.
"I think, you should understand." Kan Qin smiled and said, hinting without explicit words, words like ’we want to increase the international influence of the Asia Dollar’ couldn’t be openly said, only ntioned in internal etings.
"Sowhat understood." Sun Jiang nodded, Kan Qin could only say this much, even if it was an ’open strategy’, they couldn’t tell him directly, they needed to understand it themselves.
Obviously.
He instantly understood.
Asia Dollar.
All along, Ling has been vigorously promoting the Asia Dollar, relying on various unique products to let Asia Dollar breach national borders and gain regional settlent currency status, even extending influence to Africa.
This shows.
This Ling’s enthusiasm for the internationalization of the Asia Dollar.
Regarding Ling.
Sun Jiang admired deeply, within a few years, Ling has opened up the situation to this extent, also admired Ling’s luck, being able to develop the still inscrutable Transcription Fluid technology.
Additionally.
There’s that mysterious large gold mine.
Wow.
Not moving is fine.
Once moved.
It bounced out thousands of tonnes of gold, jumping to beco the fifth largest gold reserve country globally, not only that, selling fifty tonnes monthly to Huaxia, indicating a yearly guaranteed output of six hundred tonnes from the mine.
At least and not less.
Unfortunately.
To this day, the location of that large gold mine hasn’t been revealed, not only he was curious, countries worldwide are imnsely curious too, wondering what kind of gold mine allows Ling to extract thousands of tonnes in a few years.
By the look of it.
It can continue to be mined for quite a while.
"Deputy Pri Minister Kan Qin, can I understand it this way, thus, the import prices of Transcription Fluid, Oasis, Gold, etc., if paid in Asia Dollar, can receive certain discounts."
Sun Jiang was sharp.
Imdiately thought of this.
If both import and export are tax reduced, the costs for these companies within the Myanmar Bank Group would decrease, then product prices should also lower, and this is not a trivial amount of money.
Take Oasis as an example.
This year, Huaxia bought twenty thousand square kiloters of transformation land.
Contract price three hundred billion RMB.
Not much.
If it’s reduced by 1.5%, forty-five billion can be saved, plus the purchase discounts on transcription fluid, dical devices, solutions, and gold, saving more than a hundred billion annually.
Upon hearing this.
Kan Qin smiled and nodded.
"Yes, as long as you use Asia Dollar for transactions, tax can be reduced, ultimately reflected in procurent prices."
"That’s good."
Sun Jiang nodded.
Suddenly rembered sothing.
"Then the currency value of Asia Dollar... and prices..."
This is a problem that cannot be ignored, prices reduce, but this is an Asia Dollar unit figure, what if you suddenly raise prices, or increase Asia Dollar exchange rate, isn’t it the sa as before?
On this point.
Kan Qin shook his head.
"Rest assured, our confidence in maintaining the Asia Dollar’s currency value is very strong, and we adhere to business ethics. If due to the exchange rate, results in economic losses for you, we will provide full compensation."
Honestly.
Kan Qin felt this promise a bit large.
However.
This was Ling’s personal assurance, the reason being self-pressure to maintain the Asia Dollar currency value, otherwise, people would take your money and see it depreciate the next day, or you raise product prices, too unethical, and untrustworthy.
"In this case, I can report back at ease."
...
Half an hour later.
Sun Jiang had already returned to the embassy, and reported to the dostic authorities, focusing on what Kan Qin said about ’Asia Dollar’. The dostic side imdiately understood Kan Qin’s implication, discussing its impact.
"Asia Dollar?"
"Regarding the goal of the policy, Kan Qin only ntioned those two words."
"Strange."
"What’s strange about it, from the start, Ling has been establishing the Asia Dollar’s status, otherwise why provide loans to Africa, the money Myanmar Bank Group earns, is enough to sustain the country."
This is not an exaggeration.
The Myanmar Bank Group already has this capability.
The word wealthy.
Is enough to describe this giant entity.
"No, what I find strange is not Ling’s determination and goals, but the thod employed, such a large scale and scope of tax reduction, even if it can increase the international usage frequency of Asia Dollar, the cost is too high."
"I don’t believe they haven’t calculated the costs, but still decided to implent it, I deduce, there are two possibilities, first, behind this matter, there are interests we do not know about."
"What interests?"
"Unknown."
"..."
"But it can be certain, in Ling’s calculations, this matter is profitable."
"What is the second possibility?"
"The second possibility is that this policy serves other policies, acting as a precursor, so, the other side is so eager, disregarding costs to implent it."
"What do you an?"
"It’s simple: Ling seems to be up to sothing again."
"..."
With that said.
The possibility is indeed high.
Lose first.
Gain later.
Like in manufacturing you need to invest in building a factory first, countries often do such things, Ling employing this thod is not surprising, it just piques curiosity, how Ling’s combination of strategies will play out.
Ultimately.
The result of the discussion naturally is to observe and see how things unfold, after all, it is the policy of another country, no need to agree or disagree, as long as it doesn’t harm the interests of Huaxia and its businesses, staying observant is sufficient.
Moreover.
If it’s truly as Kan Qin said, they could save a significant sum of money.
Hundreds of billions.
It’s not just a few bucks, a few hundred kiloters of high-speed rail could be built with that.
User Comments
0 comments from readers