I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 306 Ushering in the Canal Era
When the Singapore stock market opened, all company share prices plummeted, and stock index futures also crashed, leaving the stock and futures markets in a state of utter despair.
The foreign exchange market is also in dire straits. Originally, 1 Eagle Dollar could be exchanged for 1.28 Singapore Dollars, but now 1 Eagle Dollar can only be exchanged for 1.45 Singapore Dollars. Moreover, the Singapore Dollar is depreciating rapidly, which indicates that capital in Singapore is frantically selling Singapore Dollars and exchanging them for Eagle Dollars to flee the Singapore market.
The same scenario unfolded in the bond market, with Singapore's 10-year government bond yield soaring from 3.5% to over 8%.
Bond market yields and bond prices are inversely related; the lower the bond price, the higher the yield. This also means that there is a sell-off of bonds in the market, causing bond prices to plummet.
Yang Chen's plan to drive down Singapore's stock, bond, and currency markets is already showing initial results.
However, the impact doesn't stop there.
Foreign capital frantically cashed out and left the market, causing housing prices to collapse, with prices halved in just half a month.
For ordinary people, the wealth accumulated over the past half-life can shrink by half in just half a month.
In order to preserve the sales revenue of over 200 billion Australian dollars for Golden Dragon Fish in the Dragon Kingdom, Singapore has now lost more than 200 billion Eagle dollars in wealth, while Singapore's GDP last year was only over 500 billion Eagle dollars.
What does this mean?
This means that the money brought by immigrants, as well as the wealth accumulated by ordinary people over the past few decades, has basically been harvested. It's just that the proportion harvested varies depending on the individual's asset allocation.
The Wall Street Journal published an article, the gist of which is as follows:
Under Yang Chen's leadership, Wall Street investment banks and other global capital joined the short-selling campaign against Singapore. In just half a month, Singapore's stocks, bonds, and currency plummeted. The national treasury used all its funds to try and protect the stock market and foreign exchange reserves, but all efforts were in vain. Singapore has a population of 590 million, and last year's per capita income was 3.5 Singapore dollars. This means they lost their entire nation's income for the previous year in just half a month. Never before in human history has such a devastating financial catastrophe occurred; it will undoubtedly be recorded in history as a classic case in the investment world. It also teaches everyone a lesson: it's better to offend God than Yang Chen. God will accept your repentance; Yang Chen will only send you to meet God.
Losing the total national income of last year is indeed a first in human history.
If we're talking about misery, they really are.
But who can we blame for this?
Why would they target Yang Chen just for the sake of Golden Dragon Fish's sales figures?
Singapore simply couldn't withstand this blow. Their top management held a press conference to apologize to Yang Chen and admit their mistakes, requesting that Yang Chen stop immediately out of humanitarian considerations. From now on, Singapore is willing to follow Boss Long forever.
As for the canal, Singapore no longer opposes it and wholeheartedly supports its construction.
Even if cargo volume in Malacca decreases by 90%, it's still better than the whole country falling into chaos.
The collapse of stocks, bonds, and currency has a particularly significant impact on island nations like this. Their foreign exchange reserves have been depleted, and their local currency has depreciated to only one-third of its original value. This means that if they want to feed their own people, they need to pay three times the price to buy the resources they used to have.
Without the income from Malacca, without entrepot trade, and with the collapse of the financial industry, they had no income to buy resources overseas to feed their own people.
History has proven one thing: any oppression or exploitation is fine as long as you have something to eat. But if you don't even have anything to eat, then sorry.
Therefore, their last resort was to publicly apologize, admit their mistakes, and agree to build the canal.
If this method still doesn't work, then we can only wait to die.
Yang Chen received a notification to leave himself an out and to take the opportunity to buy up properties in Singapore at bargain prices.
Yang Chen naturally understood what it meant and immediately mobilized funds to buy up properties in Singapore at bargain prices.
Yang Chen bought up all the sectors at rock-bottom prices: energy, telecommunications, transportation, banking, real estate, and even tap water.
After successfully buying at the bottom, Yang Chen immediately ended his short selling.
By the time other countries realized that Yang Chen had switched from short to long positions, it was too late. Yang Chen had already bought up all the high-quality companies they could buy, and their purchases now would be tantamount to helping Yang Chen carry the sedan chair.
But not buying is not an option, because Singaporean assets are currently very cheap, and there is still a considerable profit to be made by buying now. So let's help Yang Chen out, as long as we can make money ourselves.
The Singapore delegation has once again applied to visit China, and this time their application has been approved. They will be able to visit in three days, where they will be received by leaders of the appropriate level.
Zhao Jing, president of Sihai Investment, came to Yang Chen's office to report on the results.
"We profited a total of 1456.35 billion pesos from shorting Singapore this time, and spent a total of 2035.86 billion pesos to buy up Singaporean properties, covering high-quality companies in sectors such as energy, telecommunications, finance, transportation, water, shipping, real estate, and pharmaceuticals. At the same time, we also purchased more than 2867 properties in 45 projects, including residential buildings, office buildings, and shopping malls. Basically, everything is under our control. We can make them pay whatever cost of living they want."
Yang Chen nodded and said, "Very good! However, just buying these isn't enough. Without sufficient strength to protect them, it's just giving them money and doing all the work for them. I also need a port over there as a base to station two unmanned combat battalions. I've bought so many assets, I have to protect them properly."
Zhao Jing quickly said, "Chairman Yang is right. Just buying isn't enough; we also need the ability to hold onto our shares. Should I communicate with Xingchen Military Industry?"
“Okay! Talk to Guo Hu and give him our industrial layout map so he can arrange security. I'll call him later and have him arrange a meeting with Singapore to set up a port-based unmanned combat battalion,” Yang Chen said.
Zhao Jing nodded and turned to leave.
the other side.
The eight engineering teams that Yang Chen found in China have all arrived. They will be divided into two groups: one group will start digging from the port of Phnom Penh, and the other group will start digging from the port of Kep. Eventually, the two groups will meet in the middle section to completely open up the Jianpuzhai Canal.
Due to water volume constraints, the Jianpuzhai Canal was designed to be only 13 meters wide, which is a depth that allows cargo ships with a maximum tonnage of 5 tons to pass through.
Because the Thai Canal connects to the ocean on both sides, there are no restrictions on the water flow, so its designed depth is 30 meters, which is sufficient to accommodate supercargo ships of 50 tons.
This makes Baima Port very important. Cargo ships from the Dragon Kingdom gather here to load their goods onto super-large cargo ships. Goods brought from abroad by the super-large cargo ships are also loaded onto multiple smaller cargo ships here before heading north back to the Dragon Kingdom.
Baima Port is sure to become busy, so Yang Chen seized the opportunity to sign a cooperation agreement with the Jianpuzhai government for Baima Port.
A contract was signed in the name of Xingchen Military Industry to expand Baima Port. Xingchen Military Industry was responsible for providing labor and funds and obtained a 40% permanent equity stake in Baima Port.
Baima Port Group has spent more money to hire Xingchen Military Industry to be responsible for the security work of Baima Port, ensuring the safe operation of Baima Port.
Yang Chen did not establish a separate shipping company, but cooperated under the name of Xingchen Military Industry. This was to tell the world a fact: anyone who dares to covet the canal and port should be prepared to go up against Xingchen Military Industry.
Xingchen Military Industry issued an announcement.
"To ensure the safety of the canal and port, our company has signed a cooperation agreement with Jianpuzhai. Our company will provide labor and investment to expand and upgrade Baima Port. After the expansion, Baima Port will be comparable to Haicheng Port, with an annual throughput of 5000 million TEUs. Both parties will jointly establish Baima Port Group for management and operation, with our company holding 40% of the shares, Jianpuzhai holding 40%, and the remaining 20% to be tendered to global capital. At the same time, Baima Port Group has hired our company to undertake the security work of Baima Port. Our company will station an unmanned combat battalion near Baima Port to be responsible for the security work of Baima Port."
Subsequently, Yang Chen forwarded Xingchen Military Industry's announcement and added a comment.
"I have put in a lot of effort for this, so naturally I cannot allow any mistakes to occur. Small cargo ships from the Dragon Kingdom transport goods to Baima Port for unloading, and then load them onto larger cargo ships for shipment abroad. Large cargo ships returning from abroad unload their goods at Baima Port, and the goods are then transported back to China by smaller cargo ships. It is clear that Baima Port is extremely important, and I must do everything in my power to ensure its safety. In addition, I suggest that our inland provinces and cities dig canals to connect various waterways and lead directly to Guanlei Port in southern Yunnan. In this way, inland provinces can use the canals to transport goods to the sea and reach the whole world. My goal is to give every inland province a sea outlet."
Netizens flocked to leave comments and reviews.
"Boss Yang is awesome! Forgive my lack of culture, but I really can't find any other words to describe how great Boss Yang is."
"I never imagined that one person could build such a large business. Mr. Yang has broadened my horizons." "I think Mr. Yang's suggestion is excellent. The water of the Yangtze and Yellow Rivers is wasted if it flows into the sea. Why not change its course and build an inland canal to connect the various provinces?"
"While other entrepreneurs are still thinking about how to reduce costs and increase efficiency, Mr. Yang is already thinking about the country's development prospects for the next few hundred years. Mr. Yang is truly amazing, nothing but awesomeness."
……
Whether by coincidence or not, the relevant departments issued an "Announcement on the Construction of an Inland Canal" the very next day.
The content can be summarized as follows:
First, we must resume navigation on the Beijing-Hangzhou Grand Canal as quickly as possible, within five years at the earliest and ten years at the latest, ensuring that the entire line is fully operational.
In 1901, the 27th year of the Guangxu Emperor's reign, the Qing government issued an order to suspend the transport of grain and abolished the unified management agency of the Grand Canal, officially ending navigation on the Beijing-Hangzhou Grand Canal.
Currently, navigation remains completely suspended north of the Yellow River, and only the Jining section within the Yellow River has resumed navigation, allowing cargo ships of up to 1,000 tons to travel south to Suzhou, Hangzhou, Haicheng, and other cities.
As anyone who has studied the history of the Grand Canal knows, its full resumption of navigation would greatly boost the economic development of the inland areas of China.
Second, the Gan-Yue Canal, which is under construction, connects the Yangtze River in the north and the Pearl River in the south, traverses Poyang Lake and the main stream of the Gan River, crosses the watershed to the Pearl River in Guangdong and flows into the sea. It is 1301 kilometers long and is planned as a standard waterway for 1000-ton vessels.
Third, expand the Jianghuai Canal to connect the Yangtze River, Huai River, and Chaohu Lake. At that time, the waterways of the Yangtze River and Huai River will change from a "two" shape to an "工" shape, opening up a network of interconnected waterways.
Fourth, the Pinglu Canal will be constructed, starting from the Pingtang River estuary in the Xijin Reservoir area of Hengzhou City, passing through Luwu Town in Lingshan County of Qinzhou City, and entering the Beibu Gulf along the Qinjiang River. It will be 134.2 kilometers long and designed to have an annual one-way throughput capacity of 8900 million tons.
These four canal projects are expected to have a total investment of over 2000 billion yuan, and there is a clear requirement to complete them as quickly as possible while ensuring quality.
The Grand Canal, the Hunan-Jiangxi Canal, and the Jianghuai Canal can all flow into the Yangtze River waterway, from where they enter the Lancang River and then pass through the Jianpuzhai Canal to reach Baima Port.
After the Pinglu Canal enters the Beibu Gulf, it will still save thousands of kilometers of travel compared to the current route through the Strait of Malacca.
Netizens left comments under the related news articles.
"Wow, Mom's spending is amazing! Inland cities are really about to take off."
"From now on, can I call myself 'Master Chuan'? I won't have to go to other places and call people 'Master Hai' or 'Master Yue' anymore?"
"Once the canal is finished, it won't be too much for you to call me 'Master Dian,' right? The property prices here have more than doubled in less than a month. We didn't do anything, and our assets have increased by two million. Sigh... Making money is so easy. You can't be envious."
"We used to envy the people of Jiangcheng, and now we envy the people of Xishuangbanna. I wonder when it will be the turn of us coal miners to envy the people of our coal mining area."
"This teamwork is unbeatable. Boss Yang is in charge of opening up the external canals, and we are in charge of opening up the inland canals. With both internal and external efforts, we will be invincible."
……
Guo Hu came to Yang Chen's office and reported, "Chairman Yang, Li Zaiqing, the head of the Singapore Ministry of Transport, has arrived with his team. I'll take them to see you now."
Yang Chen glanced at the time and said, "It's almost lunchtime. You can arrange to go to a restaurant. I'll be there in a bit."
“Okay! I’ll take them to the Binjiang Hotel. Will you come by yourself, or should I pick you up?” Guo Hu said.
“I can go by myself, you take them first,” Yang Chen replied.
Guo Hu hung up the phone and immediately took Li Zaiqing's team to the Binjiang Hotel.
Yang Chen arrived a little over ten minutes later.
Li Zaiqing quickly stood up and grasped Yang Chen's hands with both of them, saying excitedly, "Mr. Yang, it's a pleasure to meet you. I had only seen your videos and photos online before, but now I can finally see you in person. You are even more handsome and have a stronger presence than you do online. My name is Li Zaiqing, and I am the head of the Singapore transportation department."
Yang Chen smiled and said, "Hello, Minister Li. Please sit down, let's sit down and talk."
Everyone took their seats.
Yang Chen exchanged a few pleasantries with Li Zaiqing before getting down to business.
"We've had some unpleasantness in the past, but it's all in the past now. As long as you stop messing with me, I'm still willing to be your friend. My investments in so many industries in your country are the best proof of that," Yang Chen said earnestly.
Li Zaiqing quickly smiled and said, "Mr. Yang is right. The unpleasantness of the past was caused by us. On behalf of the people of the whole country, I apologize to you. I hope that the past is truly over and we can all look forward."
Yang Chen nodded and said, "It would be a lie to say I'm not worried about investing so much money in your country. So, I'm thinking of renting an area near your port, not too big, 4-5 square kilometers will do. I want to station an unmanned combat battalion there to protect my industry, and incidentally, to protect you as well. I wonder if Commander Li thinks my idea is feasible?"
Guo Hu had already told Li Zaiqing about this matter before he came. Since he took the initiative to come, it means that they already have an answer internally.
"Haha...this is a good thing. Just as Mr. Yang said, this way we can also be protected at the same time, so of course we're willing," Li Zaiqing said with a smile.
Yang Chen laughed heartily and said, "That's great, that's great! I was worried you wouldn't agree and I'd have to go through all that trouble. Now it's all good, I don't have to bother doing anything anymore."
Li Zaiqing smiled awkwardly and said, "This is a good thing, we are definitely willing. Mr. Yang doesn't need to do anything else, he just needs to send a team to communicate with us."
Yang Chen nodded and said, "Alright, Guo Hu will handle this matter. I'll just wait for the final news and see the final result. Ah Hu, bring the dishes and the wine. I want to treat Minister Li well."
"Ha ha……"
Yang Chen's matter must be treated as the most important thing. After returning to China, Li Zaiqing immediately allocated a piece of land to Xingchen Military Industry.
This land, approximately 4.8 square kilometers in size, is located in the city center and occupies a crucial position controlling the shipping lanes of the Strait of Malacca.
Guo Hu reported the specific situation of the area to Yang Chen. After Yang Chen was satisfied, Guo Hu signed a contract with Singapore to finalize the unmanned combat battalion base.
It can be said that Yang Chen made a lot of money from Singapore, far more than from any previous transaction.
but.
According to the law of conservation of energy, he has made a lot of money in Singapore, so he will inevitably encounter trouble in other areas.
This is not.
South Vietnam has openly increased its troop presence and transported weapons to the border; it seems they are truly preparing for war with Jianpu Village. (End of Chapter)
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