Rebirth 76: Industrial Internet Empire

"Reasons for cancellation can always be found. For example, Haitao Rare Earth Reserve Company is suspected of insider trading, monopolizing the supply of raw materials and manipulating futures trading prices. The Chinese government is also suspected of participating in planning this shocking trap, causing losses to foreign-funded enterprises through administrative intervention. It's disastrous and goes against the freedom and fairness of the market economy..." Klein said in a deep voice.

Wirtz's eyes lit up: "This is a good idea. If the rare earth futures trading contract can be cancelled, it is not certain who will win in the end! They can't just eat the hoarded rare earths, right?"

Claire shook her head and smiled bitterly: "Mr. Wirtz, don't think about how to fight back! Can you let us escape?"

Wirtz said in surprise: "Do you think that with so many countries joining forces to put pressure, they will not agree to cancel rare earth futures trading?"

"In normal times, no matter how many countries join forces to exert pressure, the mainland government is basically impossible to agree to our request. But now we are in a special period of their WTO accession negotiations. As long as we catch the mainland government and use administrative intervention, You can force them to submit!" Klein said.

Wirtz nodded and said: "Mr. Klein, let's work separately! Make an appointment with other foreign-funded smelting companies involved in rare earth futures trading!"

.........

Bureau of Metallurgical Industry.

"Director Liao, are you looking for me? What happened?" Yang Mo gently pushed open the door of Liao Tingxuan's office.

"Look at this first!" Liao Tingxuan took out a document from the drawer and handed it to Yang Mo.

"Declaring rare earth futures trading invalid? These Western politicians have once again refreshed the lower limit of my knowledge!" Yang Mo shook his head and smiled bitterly.

"Many countries, including Japan, Canada, France, Australia, etc., have jointly put pressure on foreign affairs departments to declare rare earth futures trading invalid and compensate them for their losses. What do you think?" Liao Tingxuan asked.

"What do I think? The government won't give in to their unreasonable demands, right? These shameless Western politicians, don't they think this is still the era of the Opium War?" Yang Mo said disapprovingly.

Liao Tingxuan sighed and said: "But the advice given by the foreign affairs department is that in extraordinary times, try to reach a settlement with foreign-funded enterprises involved in rare earth futures trading to avoid negative international impact!"

Yang Mo chuckled and said: "Then let the foreign affairs department mediate! We are not involved anyway!"

Liao Tingxuan's eyes widened and he said, "Okay! I called you here to discuss how to deal with it, not to act out of spite!"

Yang Mo said disdainfully: "In the history of Western securities markets, from its establishment to the present, I have never heard of any request to cancel a transaction more than a month after it was concluded. Once this precedent is set, the mainland securities market will After becoming the laughing stock of the whole world, who will dare to trade in a securities market that changes rapidly?"

Liao Tingxuan frowned and said: "It is of course impossible to cancel rare earth futures trading! No one is forcing them to participate in futures trading. I came to you just to ask for your opinion. Is there any possibility of reconciliation? For example, let Rhodia withdraw from the Chinese market in a dignified manner? "

"You have to earn your respectability by yourself! Can you still have dignity if you ask others to give it to you?" Yang Mo said very forcefully.

"What should we do? It is very important for us to obtain the support of the French government in the WTO accession negotiations!" Liao Tingxuan said with concern.

Yang Mo chuckled and said: "Director Liao, you don't really think that France will sacrifice its national interests for a Rhodia company, do you?"

"Sacrificing national interests?" Liao Tingxuan asked in confusion.

"We have always had a misunderstanding in our thinking. We always feel that joining the WTO is only beneficial to China, but we ignore that Western countries are also beneficiaries. As the largest single market, China and Western countries can eliminate some tariffs from each other, which is beneficial to both parties. Don’t pay attention to their false threats, stick to our principles and bottom line, and the WTO negotiations will be successful!” Yang Mo explained.

"But these countries are very important to China's WTO accession negotiations!" Liao Tingxuan said with concern.

Yang Mo chuckled and said: "There is only one negotiating opponent in China's WTO negotiations, and that is Uncle Sam. The other Western countries that are making things difficult are servant countries, so ignore them. Even in the face of Uncle Sam's blackmail, we still stick to our principles. Who do we need to compromise with? Finance, petrochemicals, and infrastructure related to the national economy and people's livelihood that cannot be opened will definitely not be opened..."

"Do you think the Americans will eventually agree to the conditions we insist on? The news I heard is that the negotiations have reached a deadlock? The Americans insist on us opening the petrochemical and automobile markets!" Liao Tingxuan said worriedly.

"Don't believe their lies! We agreed to open up the petrochemical and automobile markets, and they will ask you to open up the financial market. However, I think the automobile market can be liberalized in an orderly manner. Let's set a period of time and gradually open up ordinary automobile parts and three key parts. In the large parts and vehicle markets, in return, Western countries must promise to exempt auto parts and vehicles produced in China from tariffs!" Yang Mo said after a pause.

"If we choose to open the petrochemical market or the steel market, which one should we choose?" Liao Tingxuan asked.

"Only children make choices! It is impossible to open up the petrochemical and steel markets at present! Compared with Western countries, our petrochemical industry still lags far behind. We need market protection to give petrochemical companies the opportunity to become bigger and stronger. The same is true for the steel industry!" Yang Mo said without hesitation.

After Liao Tingxuan pondered for a long time, he sighed and said: "Yang Mo, our plan to rectify the rare earth industry may have chosen the wrong time! Or we should find a way to reach a settlement with these foreign-funded enterprises! There is also great pressure from above. If we negotiate for WTO accession Eventually the talks collapse, and the Metallurgical Industry Bureau may take the blame!”

"Reconciliation? If they are vigilant enough and find ways to purchase the products of domestic rare earth smelting and purification companies at high prices for delivery, there may be a glimmer of hope. When things officially ferment, I can't think of any other way besides bankruptcy. Let’s go!” Yang Mo said domineeringly.

"What I mean is to give them a chance to cut themselves off, you know? Now some Western governments are clinging to this matter, saying that the administrative intervention of the Bureau of Metallurgical Industry has led to unfair competition for foreign-funded rare earth smelting companies!" Liao Tingxuan explained. road.

Yang Mo chuckled and said: "Because of greed, I misjudged the market situation. What does it have to do with administrative intervention? If they really want to seek reconciliation, they should go to Haitao Rare Earth Reserve Company! Instead of joining forces to put pressure on the foreign affairs department !”