I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 207 Lessons for the EU
When someone is powerful enough, they can make their opponent look foolish with just a single sentence. Yang Chen vividly illustrated this principle with his actions, even the New York Times had to kneel down.

"A country cannot be without a ruler for a day," so Google held an emergency meeting and elected a new president, Pichai, from India.

To be fair, although the Indians are blindly confident, their family has indeed produced many talented people, and they have made a name for themselves in the United States and Europe.

Although Pichai came from a humble background, he was extremely talented and graduated from the Indian Institute of Technology, which is equivalent to Tsinghua University in China, which shows how outstanding he is.

It took him 20 years to climb to this position, but he is, after all, from India. In this predominantly white country, he needs to achieve something to gain a foothold.

How can I quickly gain a foothold?
Of course, they directly attacked Yang Chen and tried to salvage the real-time translation glasses business, which had received huge investments in research and development.

Don't ask why Pichai dared to do this; the answer is confidence.

Pichai immediately reported to the Ministry of Commerce of the United States that the Sihai Real-Time Translation Glasses were suspected of being dumped at a loss, and strictly prohibited the Sihai Real-Time Translation Glasses from entering the overseas market. Even if they were purchased in China, they could not be brought back to China.

Originally, the U.S. Ministry of Commerce did not want to target the All-World Real-Time Translation Glasses, but the Chinese Ministry of Foreign Affairs advertised it at a press conference, so the U.S. had no choice but to take action.

This matter involves more than just the product itself; it represents a technological battle between the two sides.

China is promoting the Sihai Real-Time Translation Glasses, while the US is promoting the Google Real-Time Translation Glasses. The two sides must compete to determine which is better.

However, the Bald Eagles have already suffered many losses at Yang Chen's hands, and they are worried that they will suffer the same loss again. Therefore, they do not intend to take action themselves and will leave it to the European Union this time.

Europe is in cahoots with the US, and in the field of technology, they are trying every means to restrict China's development, so they are happy to do this.

The EU obtained data and analysis reports from Google CEO Pichai, and subsequently filed a lawsuit against Sihai Real-Time Translation Glasses at the WTO, accusing Sihai Real-Time Translation Glasses of dumping at a loss.

WTO Director-General Rod Rhodes immediately convened a meeting to discuss the matter. Although the Chinese representative argued strongly, the resolution to sanction the Four Seas Real-Time Translation Glasses was ultimately passed by vote.

However, the Dragon Kingdom representative secured a hearing opportunity for Sihai Intelligent. If Sihai Intelligent could prove that the Sihai Real-Time Translation Glasses were not being sold at a loss, the resolution would be automatically voided.

Yang Chen couldn't help but laugh when he received the message. How could someone stab themselves in the back?

Yang Chen called Huang Wei over and instructed her, "Prepare a cost analysis report on the real-time translation glasses, down to every single penny. The R&D costs should be calculated at a buyout price of 1000 million; that's more than enough."

This product was a reward given to Yang Chen by the system; in reality, there were no research and development costs involved.

Because products like slimming pills were so profitable, Yang Chen sold the technology patents to companies like Sihai Health for 5 million to 10 billion yuan.

For real-time translation glasses to defeat products from brands like Google and eventually monopolize the global market, they must be competitively priced. Therefore, buying out the technology patent for 1000 million would suffice, as it wouldn't significantly increase product costs and would also silence any criticism from foreigners.

Huang Wei prepared a detailed cost analysis report as requested by Yang Chen, and then flew to the WTO headquarters to attend the hearing.

Before Huang Wei left, Yang Chen gave her a very important task: to obtain the production costs of GuGou and then publish the cost analysis reports of the two companies' products to the world, so that everyone could see just how big the difference was between products made in China and those made in the United States.

At the hearing, Huang Wei used detailed data to demonstrate her cost analysis report, ultimately convincing all the representatives that the Sihai Real-Time Translation Glasses were not being sold at a loss, and that their low price was due to both low R&D and manufacturing costs.

Originally, this hearing was not open to the public, but the Chinese representative requested that the hearing video be made public in accordance with the law, and WTO Director-General Rhodes had no choice but to agree.

Soon, cost analysis reports on the Sihai Real-Time Translation Glasses and the Gugou Real-Time Translation Glasses spread across the global internet, allowing netizens worldwide to directly see the significant cost difference between products made in China and those made in the United States.

A user on the White Eagle forum commented: "Fuck! Now I finally understand why Google's products are so expensive. For the same screws, Sihai Intelligent only costs 0.05 Eagle Coins, while Google charges 29 Eagle Coins. Suddenly, I don't think the military's 9 Eagle Coins for a bag of screws is expensive at all. I don't want to stay in this godforsaken place for another day. I want to go to China to enjoy high-quality, low-priced products, and live a life without financial pressure."

A netizen from Japan commented: "Google's newly appointed president is really stupid. China's production costs are notoriously low; otherwise, why would brands from all over the world put their production lines there? He actually thinks Google's costs are normal, but Sihai Intelligent's costs are abnormal. I think Indians should stick to researching exhaust pipes and lizards; business isn't for them."

Indian netizens: Jealousy! Pure jealousy! I understand your feelings. You're all resentful that someone from India became the CEO of Google. But your resentment is useless; the whole world knows that people from India are the smartest people in the world. I think Pichai was right. China must be providing hidden subsidies to Sihai Intelligent, otherwise their procurement costs couldn't be so low. Even with our powerful industrial system, we can't produce such cheap parts. How could China, so backward, possibly produce such cheap parts?

A German netizen commented: "The EU is truly stupid. Why are they being used as pawns by the US? Let the US and Yang Chen resolve their own feud. Why should we get involved? What if we anger Yang Chen and he shorts up representative EU companies? The key point is that this time you failed to harm Sihai Intelligent, and you also showed the world how low the manufacturing costs in China are. More companies will invest and build factories in China in the future."

……

Yang Chen has been busy with manufacturing lately and hasn't shorted foreign companies for a while.

Since the EU has come to him of its own accord, Yang Chen will not stand on ceremony.

Yang Chen posted a Weibo update.

"I really enjoy competing with the world's top companies, and I'll applaud regardless of the outcome. So, if Google or the US were to take me to the WTO, I'd applaud them too. Business warfare is about using any means necessary within the bounds of the law. But what does this have to do with the EU? Why are you acting like big shots, taking Google's analysis report to the WTO to sue me? Since you're so arrogant, I'll grant your wish. I'm officially announcing the start of a new round of shorting Europe. Interested investors can contact me, and we can work together to harvest them."

Yang Chen's Weibo post quickly spread across the entire internet and then to major overseas platforms.

Major investors have taken action, actively contacting Yang Chen to seek cooperation.

With Yang Chen's current strength and status, not just anyone can cooperate with him to reap European wealth; it has to be a well-known large company.

After careful selection, Yang Chen finalized the list of collaborators.

On the Chinese side, it's still the Big Five banks, which are their old allies; on the American side, it's BlackRock, Vanguard, Goldman Sachs, Citigroup, and JPMorgan Chase.

They don't want any other capital, and they won't consider any benefits offered.

Sihai Investment issued an announcement.

"After careful consideration and screening, our company has decided to cooperate with the five major banks in China, BlackRock, Vanguard, Goldman Sachs, Citigroup, and JPMorgan Chase to short the European Union. In addition, Chairman Yang invites investors from all over the world to watch this battle. Everyone should pay close attention, Chairman Yang will only teach this once."

Netizens, always eager for a good show, left numerous comments.

"Holy crap, this is practically an all-star lineup in the investment world, isn't it?"

"I don't quite understand why they're bringing up the bald eagle's investment bank. The bald eagle has messed with Mr. Yang time and time again, so why are they repaying evil with kindness? I just don't get it."

"With so many companies working together, the EU stock market must lose at least hundreds of billions, otherwise it wouldn't be worthy of this lineup."

……

Upon seeing Yang Chen's public declaration of war, the EU quickly took emergency measures.

At the EU's regular meeting, the president announced that, effective immediately, capital and funds from China would be prohibited from shorting European stock and futures markets.

The EU's actions have been ridiculed by netizens worldwide. A German netizen commented: "How shameful! If they were so afraid, why did they act as pawns for the bald eagle in the first place? Now that they've gotten themselves into trouble, they've abandoned even basic code of conduct?"
A French netizen commented: "Yang Chen scared the EU so much with just one sentence. They might as well just abolish short-selling mechanisms in the stock and futures markets. Don't be so foolish next time; if you don't have the power, don't meddle in other people's disputes."

A Chinese netizen commented: "Hey, EU, you better stand up straight! If you dare to be a dog of the bald eagle and bite Mr. Yang, you should be prepared to be beaten up by Mr. Yang with a dog-beating stick. Trying to hide? No way!"

A netizen from the Bald Eagle (EU) commented: "What's going on with the EU? Is your market still free and open? Your actions seriously violate international financial order; we must sanction you!"

……

Yang Chen had anticipated that they would resort to such unethical tactics, which is why the investment banks affiliated with the Bald Eagle Group came into play.

Yang Chen notified the partners involved in this operation to hold a video conference.

Yang Chen said with a smile, "The EU can't afford to play this game, so that limits us. Everyone, it's up to you to make your move."

BlackRock CEO Manny Pacquiao immediately asked, "Mr. Yang, what do you want us to do? Just tell us what to do, and we'll do it."

Goldman Sachs President Winterkorn quickly added, "That's right! We'll do whatever Mr. Yang says."

Yang Chen nodded and instructed, "The EU's actions clearly violate the principles of fairness and openness. Aren't you the best at making a fuss about freedom and democracy? Now it's time to see how you put it to use."

JPMorgan Chase President Pinto immediately replied, "Understood! Mr. Yang, just wait and see. We will work hard to get the EU to lift the ban on Chinese capital."

Yang Chen smiled and nodded, saying, "Okay! I'll wait for your news. You need to be quick; I can't wait to get the EU on the table."

The presidents of several bald-headed investment banks nodded and immediately left the meeting room to get to work.

Two hours later, Carmen, head of the Bald Eagle Financial Supervisory Authority, condemned the EU's actions at a press conference.

Carmen stated, "The EU's actions severely violate the principles of fairness and justice. As a free and open market, the EU should and must accept investment from capital and funds worldwide. The EU's ban on Chinese capital and funds from shorting the market is unreasonable and even illegal. We urge the EU to immediately lift the ban; otherwise, we will punish the EU, including but not limited to freezing the assets of EU member state companies in the US, and imposing penalties and sanctions on the EU through international financial organizations such as the World Bank, the International Monetary Fund, the Financial Stability Board, and the Global Association for Financial Risk Management. We must safeguard the legitimate rights and interests of Chinese capital and funds in the EU; this is the legal spirit and universal values ​​of the US."

The reporters at the scene were stunned after hearing Carmen's speech. They could understand the individual words and the sentences they formed, so why couldn't they understand the whole thing?

In summary, doesn't this mean that the US is punishing its ally, the EU, to protect China's interests?

What kind of incredible feat is this?

"Mr. Carmen, I'm a reporter from AFP. Was your statement just now a personal statement, or the official stance of the United States? We in the EU are allies of the United States, and now you want to sanction us in order to protect the interests of China?"

Carmen nodded firmly and replied, "This is our official stance. We are a country that pursues freedom and democracy, and we will not allow any form of discrimination, not even if our allies discriminate against other countries."

Carmen's words really amused the reporters present, and the EU reporters were stunned after laughing for a while.

Carmen's video of her speech was uploaded to platforms such as YouTube, and quickly sparked heated discussions among netizens around the world.

A Japanese netizen commented: "What a world wonder! The bald eagle is actually willing to betray its allies to protect the interests of Chinese capital. It truly proves the old saying: being an enemy of the bald eagle is dangerous, being a friend of the bald eagle is fatal. Does the EU understand the meaning of this now?"
South Korean netizens: What the hell are those damned bald eagles doing? Why are they protecting China's interests? The EU has the right to decide who can't invest, what right do you have to interfere? Are you scared of Yang Chen and trying to curry favor with him? Can't you guys be a little more assertive? You guys are driving me crazy!

A German netizen commented: "Now I understand why Yang Chen wanted to team up with BlackRock and those investment banks. He knew the EU might ban him from short selling, so they used incentives to lure BlackRock and other investment banks into persuading the US government to pressure the EU to lift the ban. The situation is now very clear: Yang Chen and those investment banks are going to join forces to eat the EU alive."

……

EU President Donald Tusk made an urgent phone call to the U.S. president, pleading with him not to do this to them.

After all, the EU incurred retaliation for helping the US against Yang Chen, and the US can't turn around and help Yang Chen against the EU.

But as expected, Tusk's wish was not fulfilled.

BlackRock and other capital firms are already sharpening their knives, ready to reap the benefits from the EU. It's too late to beg for mercy now.

Tusk immediately called Yang Chen to seek a settlement.

“Mr. Yang, I’m sorry, there’s been a misunderstanding between us. Mr. Yang maintains good cooperative relationships with major clubs in Europe, and we have no grudges against each other. There’s really no need for us to fall out. You agree, right?” Tusk said humbly.

Yang Chen chuckled and said, "Now you realize there's no need to go to the point of turning against me? When you helped the bald eagle deal with me and took me to the WTO, why didn't you think about not turning against me then?"

"I'm sorry, we were wrong about this. I apologize on behalf of the EU. We will increase our investment in China, and we hope Mr. Yang will stop shorting the EU. Is that alright?" Tusk said.

Yang Chen decisively refused, saying, "How can your investment be as fast as my short selling? After I've reaped your profits, I'll take the money out and invest it again. It's better than you coming to invest, isn't it? Don't waste your time talking nonsense to me. Bald Eagle and I have you all figured out. Even Jesus couldn't save you! If there's nothing else, I'm hanging up. I don't have time to waste with you."

Tusk panicked and quickly contacted the Chinese government for help, hoping to persuade Yang Chen not to short the EU. In return, the EU was willing to strengthen cooperation with China in many areas, such as reducing tariffs and increasing investment.

After some negotiation, the two parties reached an agreement.

The EU lifted all restrictions on Sihai Group and implemented a zero-tariff policy on domestically produced electronic products and new energy vehicles.

Airbus will set up a production line in Tianjin, bringing its experience and technology in producing large aircraft to China.

Chemical giant BASF will invest in building a factory in China, and other major companies will follow suit.

In return, Yang Chen will cancel his plan to short the European Union.

Don't think the EU is stupid; they accepted these conditions after careful consideration.

If Yang Chen leads the five major banks and several investment banks from the US to short the EU with all their might, the EU will lose at least 1000 billion euros in wealth in this wave.

But how many years would it take for the losses from eliminating tariffs on new energy vehicles and electronic products to accumulate to 1000 billion euros?

The EU was quick to issue a statement.

"After friendly negotiations, the EU has reached several agreements with Mr. Yang Chen and the Chinese government. The EU has lifted all restrictions on Sihai Group and Mr. Yang Chen himself, implemented a zero-tariff policy on Chinese electronic products and new energy vehicles, and moved Airbus's production line to Tianjin, China. BASF will also build a factory in China. In return, Mr. Yang Chen has promised to cancel his plan to short the EU."

The EU's announcement stunned the world. The EU gave up so many benefits, only to receive Yang Chen's promise to cancel shorting the EU.

It's worth noting that China and the EU have been embroiled in a dispute over tariffs on new energy vehicles for several years. During this time, the EU imposed tariffs on new energy vehicles produced in China several times. Is it really going to be canceled so easily now?

The most upset party must be the bald eagle. After all that, they got nothing, but they helped Yang Chen and China deal with the EU. Weren't they just used as pawns by Yang Chen for nothing?

(End of this chapter)