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

Chapter 220: Sihai Group's revenue reaches 2.32 trillion Eagle Dollars, Jiangcheng City's GDP breaks records.

“500 billion Eagle Dollars? You want each of us to borrow 500 billion Eagle Dollars? Mr. Yang, that’s too much,” Pacquiao said.

Yang Chen replied with a smile, "I don't have any funds to operate right now, so I can only lend you some money. It's entirely up to you. You can lend it to me if you want, or I won't force you if you don't. I'll ask around at Goldman Sachs and a few other companies."

Pacquiao and Barkley hesitated. They didn't want to miss the opportunity to make money, nor did they want to lose Yang Chen as an ally. However, borrowing 500 billion Eagle Dollars each was indeed too much, which put them in a difficult position.

Yang Chen said with a smile, "You two don't need to worry so much. Whether I lend it or not doesn't matter to me. It's just a matter of changing partners."

Pacquiao quickly said, "Mr. Yang, please don't misunderstand. I'm not confused either... Are you really going to short Nvidia and Tesla?"

Yang Chen nodded and replied, "Yes, would I joke about this? Both of these companies have very high market capitalizations, which is why I wanted to borrow 500 billion Eagle Dollars from each of you for this operation."

Barkley quickly added, "The margin and fees shouldn't cost that much."

Yang Chen said somewhat impatiently, "You don't need to worry about that. Just give me a straight answer: are you lending it or not?"

Pacquiao and Barkley knew that if they didn't lend money to Sihai Investment, they could forget about cooperating with Yang Chen in the future.

Previously, BlackRock and Vanguard made a lot of money by shorting Japan and South Korea with Yang Chen, but last time Yang Chen helped Europe fight back against Wall Street's exploitation, they had to give back all the money they had made and even lost more than 200 billion euros.

If we're talking about resentment, they definitely resent Yang Chen.

However, from another perspective, this also proves that Yang Chen's trading ability is indeed very strong, and his trading ability is worth the loan of 1000 billion Eagle Coins.

Pacquiao said, "Then what will Mr. Yang use as collateral or security? With so much money, if we lose it, we need to be guaranteed that we can get our principal back, right?"

Yang Chen asked with a smile, "Just because of the name Yang Chen, you think you can't get a loan of 1000 billion Eagle Dollars from me? Don't be ungrateful. There are hundreds of billions, if not trillions, of funds waiting for my approval both domestically and internationally. If it weren't for your strength and the fact that you're a company of the White-headed Eagle family, why would I waste my breath talking to you like this?"

Barkley said, "Mr. Yang is right. Just your name alone could get you hundreds of billions in the global investment world. I'll borrow it! I hope I can follow Mr. Yang this time and make back all the money I lost last time!"

Seeing that Barkley had agreed, Pacquiao could only quickly agree as well.

Nvidia and Tesla have very high market capitalizations. If they can drop by 20%, they'll have everything they need. The stocks that Yang Chen is shorting will drop by at least 30%, and possibly as much as 80%. So this trade is worthwhile.

Yang Chen smiled and said, "Thank you for your trust, both presidents. I'll wait for your funds to arrive. Also, don't let anything leak out. Follow my instructions, understand?"

Pacquiao and Barkley immediately replied in unison, "Understood!"

Yang Chen smiled and nodded, ending the video conference.

Another year has passed, and it's time to summarize the past year.

Yang Chen convened the group's annual summary meeting to review the past year, and the presidents of various subsidiaries led their teams to attend the meeting.

The presidents of each subsidiary took turns reporting on the operating performance of their respective companies over the past year.

"Sihai Electronics' total revenue last year was 2358.65 billion Hong Kong dollars, with a net profit of 1456.75 billion Hong Kong dollars. The number of devices using the HarmonyOS system exceeded 150 million, including mobile phones and tablets. Mobile phone brands such as Loongson, Xiaomi, Vavo, and Appo have all signed cooperation agreements with us to gradually replace the Android system with the HarmonyOS system, and have guaranteed to fully and completely use the HarmonyOS system by July at the latest..."

"Sihai Intelligent's total revenue last year was 5689.56 billion Eagle Dollars, with a net profit of 3025.68 billion Eagle Dollars. Of this, drone business revenue totaled 2180 billion Eagle Dollars, intelligent robot business revenue totaled 3135.78 billion Eagle Dollars, and the remainder was service revenue..."

"Sihai Investment's total revenue last year was 6560.78 billion Eagle Dollars, and its net profit was 3456.78 billion Eagle Dollars. Among them, overseas business revenue totaled 6035.68 billion Eagle Dollars, and net profit was 3356.45 billion Eagle Dollars."

"Sihai Pharmaceuticals' total revenue last year was 3695.45 billion US dollars, and its net profit was 2845.68 billion US dollars. Among them, overseas business revenue totaled 2784.6 billion US dollars, and net profit was 2324.53 billion US dollars."

"Sihai Real Estate's total revenue last year was 3456.89 billion Dragon Coins, and its net profit was -19879.56 billion Dragon Coins..."

……

Of all the businesses that have restarted, only the real estate business is still losing money, while all other businesses are now profitable, and some of them are quite profitable.

The reason why Sihai Real Estate suffered such a large loss was mainly because it had not repaid its previous debts, which generated hundreds of millions of yuan in interest every day, so its revenue of more than 300 billion yuan was not enough.

According to calculations, the total revenue of all companies under the Sihai Group last year was 2.32 trillion peso, and the net profit was 1.32 trillion peso, of which about 9451.45 billion peso was earned from overseas.

Yang Chen nodded with satisfaction and praised, "Everyone has worked hard over the past year, and I am very satisfied with your performance. The year-end bonus for all presidents will be 1 million Dragon Coins. I hope everyone will continue to work hard in the coming year."

Zhang Jingsong, president of Sihai Real Estate, said awkwardly, "Chairman Yang, the other presidents' 1 million yuan bonus is well-deserved, but I'll pass; I don't deserve it. I've already tried my best, but the debt is still like a mountain weighing on me. Sigh..."

Yang Chen smiled and said, "I've seen all the work you've done. As long as you keep it up, I'll be satisfied. The debt issue isn't your responsibility; I have my own plans, so don't worry about it. In the coming year, our focus will still be on making money from foreign clients. Last year, we made a fortune from the mobile phone and smart equipment business, but I don't think that will last long. Countries will soon overcome the technical challenges and achieve domestic production. Besides, the OEM business can't be hidden forever; it will definitely be discovered soon. But don't worry, we can also make a lot of money from Sihai Medical in the coming year. If cancer patients all over the world can come to Sihai Hospital for treatment, our revenue will be substantial. Bai Zhi, you'll be very busy in the coming year, so be prepared."

Sihai Medical President Bai Zhi immediately nodded and said, "Don't worry, Chairman Yang, I can definitely do it!"

Yang Chen smiled and nodded, saying, "I believe in your abilities. Apart from Sihai Real Estate, the other subsidiaries that have restarted operations and are already profitable can now have their debts from the Wang Sihai era cleared. Don't clear the debts from after I take over; pay the old debts, not the new ones, understand?"

The presidents of all subsidiaries replied in unison, "Understood!"

Zhang Jingsong, president of Sihai Real Estate, said, "Chairman Yang, I don't quite understand. Why don't you clear the debts of the real estate business when we're making so much money? The interest of hundreds of millions a day is really painful to look at. Why don't you have the subsidiaries hand over a portion of their profits and then allocate funds to Sihai Real Estate? Wouldn't that clear the debts?"

Yang Chen said with a smile, "I feel uncomfortable if I'm not in debt for a day. I'm currently borrowing money from foreigners, and once I've borrowed enough, I'll pay off my domestic debts. As I just said, I have my own plans for the debt issue, and none of you are allowed to make decisions on your own. Otherwise, I will punish you severely."

Yang Chen now needs to control the debt ratio and ensure that the company has sufficient debt. The repayment of each debt must be calculated carefully, and the debt must not be cleared up casually.

With €500 billion in EU debt, and €500 billion each in debt from BlackRock and Vanguard, Yang Chen can completely clear his domestic debts by borrowing more money from foreigners. If foreigners come after him for repayment and he refuses to pay, he can also trigger system rewards.

Zhang Jingsong quickly replied, "Okay, Mr. Yang, I've got it."

Yang Chen nodded and said, "We have indeed made a lot of money now, more than I could spend in several lifetimes. Money is just a string of symbols to me; it has no deeper meaning. I've decided to give the employees more benefits. Can you give me some suggestions on what other benefits I can provide?"

Having too much money can also be a source of suffering. No matter how much you enjoy it, you can't spend it all. There's no point in keeping it in the bank. Your family members are all living a life of luxury. All you can do is give your employees more benefits.

"The employees already have good benefits, and their salaries are higher than those of white-collar workers in Haicheng and Beijing. I really can't think of any other way to improve their benefits or raise their salaries."

“Every time we raise wages, it causes a sensation, and other business owners hate Chairman Yang even more. Let’s not raise wages anymore and consider other methods.”

“I have an idea. When I inspected the workshop before, I found that some employees were trying to tough it out when they were sick, saying that a trip to the hospital for a fever or a cold would cost at least several hundred yuan. To be honest, medical expenses are too high now, and ordinary people simply can't afford it. Now that we have our own Sihai Hospital, why don't we provide free medical care for our key technical staff? For ordinary workers, we can also reduce the cost of treating illnesses like fevers and colds. What do you all think?”

"That's a great idea, and this benefit is absolutely killer for working people. Once this benefit is introduced, our current workers will never want to leave, and even more people will want to join us."

……

Yang Chen smiled and nodded, saying, "That's a good suggestion; we can seriously plan it out." At this moment, Chen Ji, the head of Sihai Insurance's business, said, "If Chairman Yang really wants to do this, I have an idea. If we directly provide free medical care to key technical personnel, it will seem like we look down on ordinary employees. We're all Chairman Yang's employees, and suddenly it creates a sense of hierarchy. How about our insurance business launches an insurance product for Sihai Group and companies under Chairman Yang's name? For an annual fee of 100 yuan, employees can enjoy free medical services at Sihai Hospital. This way, we can treat everyone equally and provide reasonable benefits to employees, while also restarting Sihai Insurance's business. At the end of each year, the group will take a portion of the profits from each subsidiary and then allocate the funds to Sihai Insurance through the group. Sihai Insurance will then reimburse the employees for their medical expenses. In this way, the funds will circulate among the various subsidiaries, and the final profit will still return to Chairman Yang."

Yang Chen clapped his hands with a smile and exclaimed, "Talented!"

It must be said that Chen Ji's plan was indeed perfect, and it was completely logically sound. Other business owners had no reason to object, even if they had their own ideas.

Yang Chen nodded and continued, "Let's do as Chen Ji says! Chen Ji, you coordinate with each subsidiary and come up with a complete plan. This needs to be implemented as soon as possible; I want my employees to enjoy the benefits as quickly as possible."

Chen Ji and the presidents of the various subsidiaries immediately replied in unison, "Understood!"

Seeing that other presidents who restarted their businesses received year-end bonuses of 1 million yuan, Chen Ji, president of Sihai Insurance, was naturally envious.

By taking this opportunity to restart the insurance business, he can expect a hefty year-end bonus next year.

After returning home, Chen Ji began working on a proposal, aiming to finalize things before the Spring Festival holiday.

Originally, Yang Chen did not intend to have the subsidiaries hand over profits to Sihai Group. However, in order to support Sihai Insurance and its employees' free medical benefits, he decided to have Sihai Electronics, Sihai Intelligent, Sihai Investment, Sihai Pharmaceutical, Sihai Big Health, and Sihai Medical hand over a total of 1 trillion Dragon Coins in profits to Sihai Group. Subsequently, this 1 trillion yuan was deposited into Sihai Insurance's account for future use.

Once the free medical service for employees is launched, employees can directly claim reimbursement from Sihai Insurance after seeing a doctor, without having to wait until the end of the year or for several months. The reimbursement can be processed on the same day the information is verified.

However, in order to prevent employees from wasting medical resources and to prevent them from misappropriating medical insurance funds, Yang Chen specifically reminded Chen Ji to establish a sound and reliable operating mechanism.

That's just Yang Chen's personality. He can give others benefits, but he absolutely won't allow anyone to cheat him, not even a single penny.

With the Spring Festival holiday approaching, the Jiangcheng municipal government, for the first time ever, released the previous year's GDP data before the holiday.

In the past, announcements were usually made around March after the Lunar New Year. Why are they being so proactive this year?

Naturally, it's because the GDP figures look good.

After repeated calculations, it was determined that Jiangcheng's GDP last year was 14.75 billion yuan, a year-on-year increase of 1200%.

What does this data mean?

The province with the highest GDP two years ago was Guangdong, with 13.57 billion yuan.

In other words, Jiangcheng's GDP last year was higher than that of the entire Guangdong province, which has a history of thousands of years.

The release of this data quickly caused a huge uproar across the internet, with everyone expressing skepticism.

"Damn it! Why didn't you just say 140 billion? Did you miscalculate the decimal point?"

"Damn, it was over one trillion two years ago, but last year it became 14 trillion. This must be a miscalculation, or it's an overstatement."

"Is this blatant fabrication? This is insulting everyone's intelligence. This needs to be addressed, otherwise other cities will start falsifying their data."

"Holy crap, they're the first to release GDP figures this year, and it turns out they've overstated them? Are you kidding me?"

……

This data is too exaggerated. Not only do netizens not believe it, but the government doesn't believe it either. How could it increase so much in just one year?

So, the National Bureau of Statistics sent a special team to Wuhan to calculate the GDP figures and see if it really was that high.

It would have been better if they hadn't done the calculation. Once they did, they discovered that Jiangcheng's GDP should have been 16.5 trillion yuan. In other words, Jiangcheng had indeed overstated its figures, but not by exaggerating; it had deliberately understated them.

A representative from the statistics bureau asked, "Mayor Huang, what do you mean by this? Why are you underreporting by so much?"

Huang Zhenhua said with difficulty, "Our report of 14 trillion yuan has already sparked such a huge discussion, with people all over the country questioning the authenticity of our data. If we truthfully announce the figure of 16.5 trillion yuan, people will be even more skeptical. Let's not count the GDP contribution from some small and micro enterprises; we will only count the contribution from large-scale enterprises."

The statistics bureau representative laughed and said, "Wow! I've been in this business for so many years, and this is the first time I've encountered a situation like this. Haha... Because the economy is developing so well, they're afraid people won't accept it, so they're deliberately reporting a lower figure."

"Haha... It's mainly thanks to the Sihai Group. Last year, their mobile phones, semiconductors, drones, smart equipment, various blockbuster drugs, Sihai Spring water, and the medical tourism boom at the end of the year all contributed so much to our economic growth," Huang Zhenhua said proudly.

The representative from the statistics bureau laughed heartily, "Oh dear, at first everyone thought Wang Sihai was just finding a scapegoat to dump on everyone, but now we realize he actually picked the perfect successor. Haha..."

Huang Zhenhua laughed heartily and said, "Who says otherwise! The only right thing that old bastard Wang Sihai did in his life was choosing Yang Chen as the scapegoat. I hope that Sihai Group can continue its efforts this year, with the automotive business booming again and the medical business continuing to perform well. Our data next year will be even better."

The statistics bureau representative said with an envious look, "Congratulations, congratulations, your target is going to be promoted!"

Huang Zhenhua laughed smugly, saying "No, no" but his expression was full of confidence.

A representative from the National Bureau of Statistics said, "However, we will still publish the survey report truthfully and update your data to 16.5 trillion. Anyway, everyone has already questioned it, so you don't need to worry about whether everyone can accept it. What's the difference between 14 trillion and 16 trillion? Whether you can accept it or not, you have to accept it."

Huang Zhenhua nodded and said, "Of course, we'll prioritize making your work easier. Do whatever's convenient for you; we don't mind."

The representative from the National Bureau of Statistics nodded and led his team back to Beijing.

At this moment, leaders at all levels in Guangdong Province were extremely nervous.

For many years, Guangdong Province has had the highest GDP in the country. This year, their GDP was expected to reach 14.05 trillion yuan, and everyone was happy. They were waiting to announce it after the Spring Festival to show a great start to the new year.

Okay.

Jiangcheng City has now released its GDP figures, and they're an astonishing 14.75 trillion yuan. If this figure is accurate, how are we supposed to celebrate the New Year?

One city alone has more GDP than Guangdong province. What about the total GDP of Binjiang province?
Doesn't that mean it's aiming for 20 trillion?

After decades of being the underling, the big brother suddenly found himself far ahead, and he couldn't accept it.

morning.

The Statistics Bureau held a briefing on Jiangcheng City's GDP for the previous year, and broadcast the entire event live through media outlets such as Beijing News, People's Daily, and Yangshi.

Leaders from various cities and netizens across the country all watched the news on TV or in live streams, waiting for the results.

(End of this chapter)