Chapter 1037: 1037
Chapter 1037 – Reality
Without the leader creating problems, the negotiation with Changhong went on smoothly .
Wind and Rain Home Appliances will exchange shares with Changhong . Wind and Rain Home Appliances will use 35% of their shares and 50 million USD to exchange for 49% of Changhong’s shares . The original management teams will be unchanged, but each party will send two finance officers to the other company .
Both parties will cooperate on developing TVs, LCDs, etc . They will also be helping each other with Infrared sensors, digital cameras, etc .
It is a surprise for Feng Yu to know Changhong had been working on digital camera technologies for a few years . This technology can be used on Wind and Rain mobile phone .
Also, Wind and Rain Home Appliances’ infrared sensor technologies are useful in military equipment . In the past, Wind and Rain Home Appliances had developed this technology for their robot vacuum .
Feng Yu knew many of his technologies are suitable to be used by the military and civilians . Many MNCs in Japan and Korea are working with their military to develop sophisticated equipment and weaponry .
Although after the Soviet Union dissolution, the arms race is not as intense as before, countries are still fighting to have the most advanced weaponry .
If the military were to develop their equipment, the cost would be high, and it’s hard for them to recover the cost . After all, China’s military products are not popular in the international market . This is also because of the Western countries’ technology blockade in China .
A few years ago, many of China’s military factories were converted to civilian factories, as the Chinese government cannot support so many military factories .
After the conversion, many of these factories gone bankrupt merged, and some were even sold to private entities .
These military factories, who were producing military uniforms, had to produce to making uniforms for factories .
But some of the state-owned enterprises also started working with the military .
The factories started producing products for civilians to fund military product production and development . Of course, these factories will request for funds when their funds run low .
Changhong is a company that has a military background, and Feng Yu does not know about this . Changhong even has a research center to develop new products for them and the military .
After Feng Yu knows about this, he felt this is an opportunity for him .
If this research center can develop new technologies for the military, it can increase China’s military standards and also use the technology for civilian products .
But after this incident with the State Administration of Industry and Commerce, Feng Yu learned that being too successful will be a target for many greedy officials .
In Feng Yu’s previous life, most of the tycoons have government backings and titles . But in this life, Feng Yu is too young and does not have any affiliations with the government .
Feng Yu starts to consider if he should get a government title or backing as his talisman . But his title cannot be too high as he will be restricted from traveling overseas, and if his title is too low, it won’t be very meaningful .
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Feng Yu prefers to get the title of being a representative of some government agency or a committee member of some government departments . This is just what the tycoons from his previous life did .
With a government title, Feng Yu can help China achieve some political intentions and make money at the same time .
There is a saying, ‘wealth will not last after three generations . ’
This is not because the family does not have any successors to carry on with the family’s business . It is because it’s hard for the earlier generations to pass down their connections . If you are close to the higher-ups of the government, you can enjoy your wealth for the rest of your life .
But your offspring might not have such connections and cannot enjoy the protection from the higher-ups . It will be too difficult for them to carry on with the family business .
Another reason is the rise and fall of industry .
When you started a business, and it is the rise of this industry, you will make lots of money . But if your children or grandchildren take over the business and the industry starts to decline, there is no way for them to prosper .
The business must switch to another industry, but most wealthy families failed during the transition .
Of course, another reason is the changing of powers at the top . Allies of the former government leader will be dealt with by the new leader and have their wealth confiscated . But this seldom happens unless you betrayed the country .
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Most people will not be so stupid to betray their country .
Why are so many Americans so arrogant? It is because the US is the strongest country in the world . Whenever something happens, Americans will shout: “I am American!”
China used to be a superpower in ancient times, like the Yuen Dynasty .
However, China’s development in the later years cost it to be in its present state . As the new China rise, China’s status in the world also rose . But the Chinese military is still weak compared to many other countries .
China claims to have the strongest ground forces in the world . Disregarding if this claim is true, ground forces are mainly used for defense .
Land, sea, and air forces . China’s navy is weak, and because of its weak navy, it resulted in the tragedy that happened in the past . After many years of development, China’s Airforce is catching up with other developed nations, and its aviation industry had become world-class . This is also due to Feng Yu’s credit .
China is still lagging behind other developed nations on the production of a precision instrument . An example is the tip of the ballpoint pen . China is unable to produce the tip and had to import from Japan and Germany .
China’s optical instrument is also lagging behind many nations . This can be seen from the camera equipment production .
In Feng Yu’s previous life, most of the digital cameras in the market are from Japan, South Korea, and the Western countries .
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China’s domestic brands of digital cameras give consumers the impression of poor quality, short battery duration, and small storage .
Feng Yu knows China does have high-end domestic manufactured products . But the technologies used are not developed locally . Even the optical equipment used by the Chinese military is bought from overseas!
Feng Yu hopes everything will change in his present life . Although Changhong’s technologies are not the most advanced, all the basics are there . He believes that with money, he can increase the standards of these technologies .
When Feng Yu mentioned that he wants to research optical technologies, Changhong immediately agrees and offered their support . This support is actually from the military .
But when Feng Yu arrives at Changhong and saw the research center’s research reports, he realized that he had been too optimistic .
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