As a mage, I just want to pursue the truth

Chapter 130 China Seed Group and Syngenta
To no one's surprise, China's fastest and best domestic alternative is in the seed industry.

China's genetically modified seeds have basically replaced imported seeds.

We have achieved more than 80% self-production.

There is still a gap before we can completely get rid of our dependence on food imports.

China has always been talking about rural revitalization, and its independently developed genetically modified seeds can effectively increase crop yields.

The majority of farmers who were originally skeptical about GMOs will basically take the initiative to buy GMO seeds for planting when they see a significant increase in yield after one family’s planting and the purchase price does not drop.

Genetically modified crops have been criticized for years, with all kinds of fake news being spread about them, such as saying that developed countries never eat genetically modified crops and that they dump genetically modified crops on third world countries.

China Seed Group has been renamed China Seed Industry Group, which is a central enterprise of the same level as China Grain Group.

They have branches in every prefecture-level city in China, and their responsibility is to go to the countryside to promote genetically modified seeds.

Most of the money that China Seed Group earned from futures was invested in this.

The problem of oversupply that was originally expected to occur, instead, maintained a steady growth trend due to some unexpected events.

At the same time, China Seed Group has also specially launched seeds that focus on taste and texture rather than yield, using these crops to dispel people's doubts about genetically modified products.

In just half a year, China Seed Group has made great strides in the field of genetically modified seeds, with product lines ranging from low-end to high-end.

Multinational seed giants have been defeated in the international market, even to the point where they have to rely on trade protection barriers.

Western countries such as the European Union and America have collectively announced that they will increase tariffs on genetically modified seeds imported from China to protect their own seed industries, but the tax rates are different.

This made industry insiders in China exclaim that it was magical. A year ago, who would have believed that Chinese seeds could be imported into foreign countries on a large scale, forcing Monsanto to retreat step by step.

In China's domestic public opinion circle, there is an endless stream of public opinion propaganda about the safety of China's genetically modified food, and various stories I have heard, my friends, and my relatives are flooding social media.

I just didn't see any video or medical examination report as evidence.

The double-standard operations of some big Vs were exposed and refuted. The screenshots of Weibo posts advocating genetically modified foods a few years ago are still there, but in the past six months, they have been promoting the disadvantages of genetically modified products.

Unfortunately, the volume of public opinion cannot overwhelm the actual experience of consumers.

Chen Jingrui had a very happy year, and this happiness was not brought by a promotion.

Originally, China Seed Group was a second-tier state-owned enterprise, but now it has become a first-tier state-owned enterprise. He was equivalent to being the vice president of a first-tier state-owned enterprise from a second-tier state-owned enterprise.

To achieve such a leap at the end of one's career is somewhat of a reversal of fate.

The original China Seed Group was a company with little voice. Its original parent company controlled Syngenta. It was very difficult to climb up in a company with no presence like this.

It was like standing on the cusp of the wind and being blown up, but Chen Jingrui didn't feel much about it. On the contrary, his wife was much happier about the promotion than he was.

What makes Chen Jingrui happy is seeing China Seed Group change its name and then become a first-tier state-owned enterprise with more business.

He has worked at China Seed Group for nearly twenty years. Although he cannot be said to have been here since its founding, his seniority in this company is definitely one of the longest.

China Seed Group was established in 1978.

What impressed Chen Jingrui was that the products of China Seed Group have a good reputation among farmers in rural areas.

It has effectively helped farmers increase their income and improve their lives. China Seed Group has gained greater influence and a better reputation. It used to have no presence, but now it has a strong presence in many fields.

Let’s not talk about the seed industry. Originally, this year was going to be a year of rapid development for China’s seed industry, but A-share seed stocks have been falling.

Because their market share has been taken by China Seed Group.

As a result, shareholders who hold these stocks are wailing in the stock forum every day, asking why China Seed Group does not acquire these companies. It would be good for such excellent state-owned assets to be listed through backdoor listing, so that the majority of shareholders can participate in the development of high-quality state-owned enterprises.

Unfortunately, China Seed Group is not short of money, and it does not want to and cannot disclose a lot of information to the public.

For example, their research institute nominally belongs to China Seed Group, but is actually under the jurisdiction of the Ministry of Agriculture and Rural Affairs.

In the field of futures trading, the futures trading companies affiliated to China Seed Group are also very famous. They frequently make moves in the international and domestic futures trading markets, and most of them have achieved considerable gains.

As a result, false news often comes out in the futures market, saying that China Seed Group has developed some new genetically modified seeds and the yield of certain crops can be increased by 100%.

The bears took the opportunity to sell short. As a result, everyone in the agricultural futures market was particularly cautious this year, fearing that bad news would suddenly appear in the middle of the night.

"Mr. Chen, I would like to ask what you think about the plan for in-depth cooperation between Syngenta and China Seed Group? If things continue like this, Syngenta's profits will continue to decline and it will be difficult to support such a large research team."

“We will be reduced to pure solution providers.”

Syngenta's CEO kept track of the time and called Chen Jingrui at 9 a.m. China time.

Syngenta was originally a subsidiary of China Chemical Import and Export Corporation, just like China Seed Group.

The acquisition of Syngenta cost nearly 50 billion euros, and China also promised not to interfere in Syngenta's operations.

In the view of industry insiders, this is equivalent to providing Syngenta's shareholders with an interest-free loan of up to 50 billion euros, or even a loan with a negative interest rate.

As for why, it can only be understood but not expressed in words.

Syngenta has had a hard time in the years since being acquired, but China National Chemical Corporation originally would have given them some short-term loans to help Syngenta get by.

数据显示2018-2020年，先正达集团未弥补亏损分别为亏损131.53亿元、亏损156.83亿元、亏损82.65亿元。

There are huge losses every year.

2022 is particularly sad because China Seed Group has taken over most of Syngenta's market share.

Mike requested China Seed Group to participate in Syngenta's daily operations and said that China could appoint a vice president.

They also hope that China Seed Group can share research materials, or hand over part of the seed group's genetically modified seed breeding work to Syngenta.

This will also avoid the relevant taxes of the European Union.

Syngenta is headquartered in Switzerland.

Chen Jingrui pondered over the phone and said, "This matter will be discussed at the company's board of directors soon. We will discuss the specific results with you after we finish the discussion."

There was a special translator on the other end of the phone who translated Chen Jingrui's words to Mike simultaneously.

Chen Jingrui felt relieved. Since you ignored us before, we have to consider it now if you want us to participate in the daily operations of Syngenta.

(End of this chapter)