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

The most distressed companies right now are medical device companies like GE Healthcare, Siemens, Philips, Mindray, Eastern European Medical, StrongSound, and Medtronic, because they don't want to repeat the mistakes of those high-end machine tool companies, but they also don't want to lower prices, so they're stuck in this stalemate.

Qiang Sheng still feels the pain of being "unforgettable" by Yang Chen's previous treatment.

Therefore, they prioritized compromising with Sihai Hospital. They were willing to lower prices, but not by as much as 60%; a maximum reduction of 30% would be the most they could offer.

The president of Qiangsheng, Vareniani, called Yang Chen.

“Mr. Yang, why are you suddenly targeting the medical device industry again? And you’re going too far, demanding a 60% price reduction. That would mean we’d be losing money,” Vareniani said, looking troubled.

Yang Chen chuckled and said, "Stop joking. Do you think I can't calculate your costs? To put it another way, if you lose money by reducing prices by 60%, then you should be eliminated."

Vareniani quickly said, "Mr. Yang knows we have absolute respect for you, and we are absolutely willing to cooperate with you in lowering the price. However, a 60% reduction is simply too much; we cannot do that. The maximum reduction we can offer is 30%, which is our bottom line. We hope Mr. Yang can be lenient and accept this price reduction."

Yang Chen immediately refused, saying, "I can't accept that! I said I'd lower the price by 60%, and that's it. You can choose not to comply with my demands, as long as you can bear the consequences. If there's nothing else, just hang up."

Yang Chen hung up the phone immediately, and Vareniani was so angry that he slammed the phone down on the spot.

“Fuck! Fuck! Fuck…” Vareniani roared.

Following this, CEOs of other medical device companies contacted Yang Chen to request a reduction in the price cut. Some hoped for a 30% reduction, while others hoped for a 10% reduction. In short, no one was willing to cut prices by as much as 60%.

Yang Chen had calculated their costs. A 60% price reduction would indeed result in a loss, but Sihai Medical Equipment still had a gross profit of around 30% at that price, which was their advantage.

In business competition, you should use your own advantages to attack your opponent's disadvantages. A 60% price reduction is the bottom line; not even a fraction less is acceptable.

The CEOs of various medical device companies contacted each other privately and held a video conference together.

"Damn Yang Chen," said President Valeriani. "I asked if a 30% price reduction would be okay, but he absolutely refused. He insisted on a 60% reduction and said I would have to bear the consequences if I didn't agree. What is this if not bullying?"

GE Healthcare President Adams said, "I also talked to him. I offered a 20% price reduction, but he refused. I said 60% was definitely not an option; we can't do business at a loss. Do you know what he said? He actually said that if a 60% price reduction would result in a loss, then we should quit this business. It's ridiculous! If we quit this business, many patients around the world would lose their lives."

Philips CEO Arnold said, "We're all in the same boat; he rejected us all. Let's discuss how to deal with this. I'll start by saying that a 60% price reduction is impossible; we can't accept it, and he's adamant about not budging. In other words, there's absolutely no way we can reach an agreement with him. Since that's the case, let's fight back. We'll lock up all the equipment we're selling to the Dragon Country Hospital. In less than three days, their patients will be in an uproar, and he definitely won't be able to withstand the pressure from all departments, so naturally, the matter will be dropped."

President Valerian immediately said, "But that's exactly what those high-end machine tool companies did back then, and everyone knows what happened. If Yang Chen repeats the same trick, we'll be in big trouble. If we dare to lock up the equipment, they'll demand we buy it back and criticize us from a humanitarian perspective. Then we'll be at a disadvantage, becoming the sinners even though we're the victims. How unjust that would be!"

Philips CEO Arnold immediately said, "He forced us to lower prices unreasonably first, and we were forced to retaliate. People all over the world will sympathize with us and won't see us as criminals. Don't you all agree?"

The other presidents nodded in agreement with Arnold's words. They were forced to retaliate, and the whole world would support them; no one could treat them as criminals.

The presidents eventually reached a consensus and issued a notice demanding that Longguo Hospital immediately withdraw its price reduction request, otherwise they would lock up all medical equipment and terminate their cooperation with Longguo.

"After discussions among our companies, we unanimously agree that Longguo Hospital's demand for a 60% price reduction is unreasonable, and we firmly reject this unreasonable request. However, out of consideration for friendly cooperation, we are willing to reduce prices by 10% to express our sincerity. If Longguo Hospital continues to demand a 60% price reduction, we will block all important medical devices sold to the Longguo market, including CT scanners, ultrasound machines, MRI machines, and color Doppler ultrasound machines. Longguo Hospital will bear all consequences arising therefrom, and we will not bear any responsibility or consequences."

The announcement was signed by dozens of medical device companies, including GE Healthcare.

This announcement quickly made headlines worldwide.

Netizens from all over the world flocked to the discussion and engaged in heated debate.

A netizen from Japan commented: "This smell is getting more and more familiar. They did the same thing with the high-end machine tool last time. I'm increasingly convinced that Yang Chen is using the same trick again."

A South Korean netizen commented: "Their country spoils him way too much. I don't believe they would really disregard the lives of so many patients just to indulge him. Without those medical devices for examination, many patients' conditions cannot be confirmed, and the consequences would be terrible. If patients are delayed in receiving treatment or even die because of this, wouldn't Yang Chen feel guilty?"
A netizen from the bald-headed eagle commented: "I vaguely share the feelings of netizens from Japan. I strongly suggest that those medical device companies not block the Chinese market for medical devices, otherwise the consequences could be very serious. I have a feeling that Yang Chen is repeating the manipulation tactics of high-end machine tools, but I have no evidence."

A German netizen commented: "Damn Yang Chen! We could have maintained a good cooperative relationship, why did you have to resort to these underhanded tactics? Wouldn't it have been better if we could have reaped the benefits of the US together? Why did you have to make such a fuss about the medical device industry? You can't possibly make a better product. Do you really not care about the lives of your own country's patients?"

A netizen from the Sand Kingdom commented: "I firmly believe that Mr. Yang wouldn't act impulsively. There must be a reason for his actions; we just don't know it yet. We look forward to Mr. Yang's next move; we'll likely understand why he did what he did."

This side of Longguo.

Hospitals are in an uproar. If medical equipment is indeed locked up, patients won't be able to see a doctor, and hospitals will lose a lot of money. Who will bear the consequences?

As a result, the hospitals jointly petitioned to stop this farce and to stop demanding that foreign medical device companies reduce prices by 60%, instead accepting their offer of a 10% price reduction.

However, the relevant departments did not heed their request, but instead asked them to continue to issue a joint announcement, and even sent them the content of the announcement, requiring only the signatures of each hospital.

Since the relevant authorities made this requirement, the hospitals dared not object and could only obediently comply.

"We unanimously believe that the prices of medical devices sold to us by foreign companies are too high, and a 60% price reduction is necessary for it to be reasonable. If the foreign medical device companies cannot meet our demands and lock up the devices we have already purchased, we can only demand that they repurchase the medical devices sold to us. All consequences arising therefrom shall be borne by the foreign medical device companies, and we shall not bear any responsibility for our legitimate and reasonable demands." At this point, most Chinese netizens understood the situation.

"Haha... This feels familiar. I understand why Boss Yang suddenly targeted the medical device company."

"Will the foreign companies lower their prices? If they lower their prices by 60%, they'll lose money. If they don't, they'll have to buy back the equipment to make room for Mr. Yang's medical devices. Wow, it's the same old trick."

"So, it seems Mr. Yang's company has already mastered high-end medical devices, and their performance is at least on par with foreign companies. Otherwise, he wouldn't dare to do this, and the relevant departments wouldn't cooperate with him. Haha... The foreigners are going to be dumbfounded; no matter what they choose, it's a mistake."

"Things have progressed to the point where they're practically out in the open. Everyone knows what cards Mr. Yang holds. No matter how the foreigners play their cards, they're doomed because Mr. Yang is holding a royal flush."

……

Chinese netizens understood it, and naturally, executives at foreign medical device companies also understood it.

Now things are in trouble. Lowering prices will result in losses, but if they don't lower prices, they won't be able to sell anything. Not only will they have to leave the Chinese market, but they will also lose customers from other countries.

Foreign medical device companies dared not respond, because they knew that any response would be wrong.

But now that Yang Chen has taken action, they can't just pretend to be cowards and get away with it.

Yang Chen posted a Weibo update himself.

"As the owner of Sihai Hospital, I have no choice but to make a statement now that things have developed to this point. GE Healthcare, Qiangsheng, Philips, Siemens, Medtronic, Dongou Medical, Mindray, and other companies I've named must respond within 24 hours. Otherwise, I will consider it as them looking down on me, and since they look down on me, I will make them pay the price. Starting now, I will announce the next steps based on these companies' performance at this time tomorrow."

Fans immediately left messages of support.

"I knew Mr. Yang was going to make his move. He's already laid the groundwork for this, it's time for him to come out and give us a perfect ending."

"Haha...those companies are also in a tragedy. No matter what they choose, they will suffer huge losses. Boss Yang's methods are really ruthless. He doesn't leave them any way out."

"That's right! They've been selling to us at high prices for so many years, and we don't know how much money they've made from us. All of these costs are passed on to the patients, which is why our medical care is so expensive. This time, Mr. Yang has reduced the price by 60%, lowering the hospital's costs, and patients will naturally spend less money. Don't have any sympathy for foreigners. When they bully, suppress, and bully us, they have no sympathy at all."

"Boss Yang, just do it! We absolutely support you unconditionally!"

Yang Chen's Weibo post was translated into dozens of languages ​​and posted on foreign websites, further amplifying the issue's popularity.

Japanese netizens commented: "That's ruthless! These companies either have to accept business losses or market value losses; one of them has to be a loss. The key question is whether Yang Chen is completely unconcerned about foreign companies locking down medical devices, which means he must already have better alternatives. In other words, these foreign medical device companies are going to lose everything this time, including their future."

A netizen from the White-headed Eagle forum commented: "I just can't understand how Yang Chen can be proficient in both technology manufacturing and finance. How can one person be so skilled at everything? This question is impossible to answer; every choice is wrong. China is about to conquer another field where foreign technology is blocked. Their progress in recent years has been so rapid, it's unbelievable to us."

A German netizen commented: "The high-end machine tool incident is still fresh in our minds. After Yang Chen dealt with them, those high-end machine tool companies' business declined day by day. They could only sell their equipment, which was originally positioned as high-end, as low-end products to developing countries, which meant they couldn't make much money. Now it's the turn of the high-end medical device field. These companies can only sell their high-end medical devices as low-end products to developing countries; otherwise, they have no room to survive and can only go bankrupt."

A netizen from the Sand Kingdom commented: Haha... We're already prepared to buy Mr. Yang's high-end medical equipment; his products never disappoint. Let's wait and see how these companies choose.

The president of Qiangsheng, Vareniani, was the first to call Yang Chen.

“Mr. Yang, we really didn’t provoke you this time, don’t be so ruthless. Do you have to push us to the brink?” Vareniani said indignantly.

Yang Chen replied, "Don't put it so harshly. Market competition has always been this ruthless. When you had the technological advantage, you didn't give us any chance either. You were also pushing us to the brink. What goes around comes around, and now it's our turn."

Vareniani took a deep breath in frustration and asked, "Is there any other solution? Tell me so we can consider it."

Yang Chen stated very frankly, "Things have come to this point, so I won't hide anything anymore. To tell you the truth, I want to enter the high-end medical device field, and you big brands must become my stepping stones. The 60% price reduction is just an excuse. If you accept this plan, I will continue to demand that you reduce your prices by 90%. This is a dead end; you have no other choice but to face your doom. If you listen to my advice and immediately reduce your prices to seize the low-end market, perhaps you still have hope of continuing in this industry."

Vareniani remained silent for a long while before finally speaking, "I understand... thank you for reminding me..."

Vareniani hung up the phone and immediately convened a meeting of shareholders and senior executives to discuss the feasibility of entering the low-end medical device market.

While other companies were still trying to resolve the issue through intergovernmental dialogue, Qiangsheng had already made its decision.

"Following discussions at the board meeting, shareholders' meeting, and senior management meeting, our company has decided to abandon the mid-to-high-end market for its medical device business and focus on the low-end market. This plan will be implemented immediately!"

Qiang Sheng's announcement once again pushed the matter to a new climax... (End of this chapter)