The unparalleled talent of the country started from Harbin Institute of Technology

January 7, 1993.

Inside a small private room in the cafeteria of Harbin Institute of Technology's Weizigou campus.

Wang Duoyu, Kang Yumin, Liu Deben, and others gathered together for a meal and a chat.

The topic was precisely the current reform of state-owned enterprises in Northeast China.

The real goal is to save these state-owned enterprises.

To avoid massive layoffs and the resulting chaos.

As the top official in Harbin, Kang Yumin now has the opportunity to advance further.

We've already told him that.

But whether he can truly overcome it, he himself is not sure.

So, the immediate priority is to address the reform of state-owned enterprises in Northeast China.

It will become his most important stepping stone for promotion.

“Duoyu, you know about the old Ice City too,” Kang Yumin said with a bitter expression.

A few years ago, in the late 1980s.

When people think of Northeast China, the images that often come to mind are towering smoke clouds and roaring machines, a scene of industrial prosperity.

This land bears the heavy responsibility of China's industrialization.

Nickname: The eldest son of the Republic!
Thousands of state-owned enterprises have taken root in Northeast China, and the names of industrial giants such as Anshan Iron and Steel, Dalian Shipyard, and Bingcheng Electric Machinery Factory are well-known throughout the country.

Before the 1990s, Northeast China had an enviable lifestyle.

The national policy of prioritizing heavy industry has provided substantial resource support to the entire Northeast region.

The workers not only have stable jobs.

They also enjoy comprehensive welfare benefits from cradle to grave.

The housing allocation system ensured that every worker's family had a place to live.

In-house hospitals enhance comprehensive medical services.

Schools for employees' children are crucial for ensuring the education of the next generation.

The annual paid leave and recuperation system makes workers feel the care of the country.

But now, all of that is gone.

“Duoyu, we all know you have a lot of ingenious ideas, and you can always solve problems smoothly.”

Kang Yu-min's tone was pleading as he said in a deep voice:
"Right now, state-owned enterprises in Harbin are about to face severe upheavals, and perhaps the glory of our Harbin will be lost forever."

"As someone from our hometown, I hope you, Duoyu, can help me."

Liu Deben, Lü Gongliang, Han Jue, and others ate in silence, while Zhao Guobin and Lin Runzhe stared intently at Wang Duoyu.

Clearly, they had come to regard Wang Duoyu as a savior from suffering.

"Old Kang, what do you think I should do? Can I solve these problems you mentioned?"

Wang Duoyu shook his head directly:
"To be honest, I've heard a bit about the current state of state-owned enterprises, but this is an inevitable growing pain that must be experienced; reform is definitely not an option!"

Why is reform so necessary?

In the simplest and most straightforward way, it's that supply exceeds demand.

Other reasons include the difficulty for state-owned enterprises to compete with foreign and private enterprises in terms of equipment, management, and efficiency, as well as the issue of redundancy.

In Northeast China, there is a very popular phenomenon: the bathing culture!

A few years ago, Wang Duoyu visited the Bingcheng Boiler Factory.

He then reviewed the meeting minutes from 1988: The factory currently has 32 bathhouse managers, which is equivalent to the total number of logistics personnel in a factory of the same size in Japan.

This is one of the reasons for the reform of state-owned enterprises.

Behind the bloated staffing system lies the survival logic unique to a planned economy.

For example, in a factory in Shenyang, even in the 1990s, a poetry writing group that was formed in 1958 is still preserved.

Good guy!
In the late 1970s and early 1980s, Wang Duoyu also submitted and published several novels, such as "Snow City" and "The Rise of a Great Power".

But at least he did create such texts.

However, what poems from the poetry writing group inside that factory in Shenyang are they relatively outstanding?
Totally impossible!
"I know about Duoyu, but..."

Kang Yumin's face showed even more pain, and his heart was heavy:

"Our Harbin has 507 state-owned enterprises, of which 197 are operating at a loss, representing 38.9% of the total."

There is a state-owned enterprise in Harbin, namely the Harbin No. 3 Power Plant.

There's also the provincial-level Armed Police Gold Detachment, which is actually a gold mine, and also a company.

Enterprises directly under the jurisdiction of Bingcheng City include Heilongjiang Textile Machinery Factory, Hulan Match Factory, and Bingcheng Special Steel Factory.

Among them are several special steel plants in Harbin, and they are all quite large.

The remaining enterprises are county-owned enterprises, which are managed by different departments such as the Industry Bureau, Commerce Bureau, Grain Bureau, Fisheries Bureau, Construction Bureau, Agricultural Machinery Bureau, and Urban Construction Bureau.

For example, motor factories, copper-plated steel strip factories, auto repair shops, welding machine factories, nail factories, boiler factories, plastic factories, and transistor factories are all enterprises managed by the Industrial Bureau.

"The Hulan Hemp Textile Factory was dissolved last November, although it has now been reorganized into four enterprises: a flax raw material factory, a flax spinning mill, a flax bag factory, and a plastics industry company."

Lin Runzhe said:

"But the number of laid-off workers from these companies exceeds three thousand, which represents more than three thousand families."

"The boiler factory has also gone bankrupt; the entire factory currently employs over 18,000 people."

Upon hearing this, Wang Duoyu's face contorted as if he'd seen a ghost, and he immediately interrupted:

"What did you say? A boiler factory has more than 18,000 people?"

What do boiler factories do?
How can there be so many workers?
Back in the 1950s, our northern neighbor assisted us in building 156 key projects, one of which was the Bingcheng Boiler Factory, one of the three major power plants in the city.

A boiler factory is a factory that specializes in producing boilers and is part of the machinery manufacturing industry.

The specific responsibilities include designing boilers and their auxiliary equipment, and being responsible for the production of boiler equipment of various types, specifications and uses, including processing raw materials, assembling parts and completing the entire boiler system.

So how come this factory has nearly 20,000 employees?
That's truly incredible.

“Yes, eighteen thousand people,” Lin Runzhe nodded solemnly.
"We have come up with a solution: to lay off workers over 50 years old to reduce the burden on businesses."

"But with so many state-owned enterprises in Harbin, if there are layoffs, at least 100,000 people will be laid off."

Of the 507 state-owned enterprises, 197 went bankrupt.

Moreover, before Kang Yumin and his group came to see Wang Duoyu today, some companies had already experienced such losses and bankruptcies.

This is really difficult!
Upon hearing this, Wang Duoyu felt helpless.

He had heard about the reform of state-owned enterprises in his previous life, but he had not studied it at the time.

However, during his time working at research institutions, he also came into contact with state-owned enterprises and knew that they did indeed have their own system.

It now appears that the drawbacks of state-owned enterprises are indeed not optimistic.

But what does this have to do with him?

"Old Kang, I'm completely clueless right now."

Seeing Wang Duoyu shake his head, Kang Yumin and the others immediately became anxious.

Zhao Guobin couldn't help but speak up immediately:

"Duoyu, if I remember correctly, you're having your year-end summary meeting today, right? Your Want Want Group must have made a lot of money this year, right? How about investing in some projects?"

"Old Zhao, how could you talk to Duoyu like that?" Kang Yumin's face darkened, and he snorted coldly.
"As Duoyu just said, we don't have any clue right now, but that doesn't mean we won't have any clue in the future. Besides, state-owned enterprise reform is not within his scope of work; it's our own problem, and we should be reflecting on it."

"Okay, Secretary is right, it's my fault, Duoyu, I'm sorry." Zhao Guobin apologized.

Wang Duoyu: “.”

The two worked together very well, one playing the good cop and the other the bad cop.

Liu Deben, Lü Gongliang, and Han Jue, who were standing to the side, remained silent.

The lunch today ended on a sour note.

At 1 p.m., Wang Duoyu continued his meeting at the Want Want Group's headquarters building in Harbin.

Zheng Baoyin and his team had already reported on the situation of some of the companies this morning.

Now it was Maple Leaf Holdings' turn to report.

This is all money!
Lee Efra immediately reported the profits of their Summit Global Investments firm.

Then it was Fullen Carson's turn, O'Brien's turn, Dylan Dario's turn, and others.

Two years ago, Maple Leaf Holdings had 68 financial companies with profits of $53.9 billion.

Maple Leaf Holdings expanded again last year, adding eight new financial companies, bringing the total number of financial companies to seventy-six.

Even so, the total profit of these companies was only US$41.2 billion.

Compared to the previous year, profits in 1992 were indeed much lower.

Without the ruble's devaluation creating a cash-grabbing environment, Maple Leaf Holdings' profits would naturally decline.

There is no way around it.

Other financial companies didn't perform particularly well, but Raptor Fund's performance was acceptable, with net profit increasing by $200 million from the previous year's $9.6 billion, which is progress.

In addition, the revenues of the three Hollywood giants, Paramount, MGM, and Marvel, have also increased significantly.

It's very easy for movie giants to make money.

If everyone works together well, making big money won't be a problem.

Wang Duoyu is most looking forward to The Lord of the Rings trilogy.

If the Lord of the Rings trilogy is released, Paramount and the other two studios will definitely see higher revenues.

In addition, the new millennium is fast approaching, and many film technologies are about to make breakthroughs. If costs come down, many films will be able to be made.

For example, Titanic, The Matrix, etc.

In short, all these movies are sure to make a lot of money.

If the coordination is done well, the surrounding area will be more likely to sell well.

After all, Paramount's three companies are now relying on movies like Jurassic Park to drive revenue growth for companies like the Toys for Kids.

"In the past year, the Magic Research Institute has obtained a total of 266 technology patents, with total revenue of $2.6 billion and a profit of $440 million."

Martinez reported as follows.

Wang Duoyu nodded slightly, his mood was fairly good.

Want Want Group has invested in several research institutions overseas.

Examples include the Magic Institute, Lawrence Laboratory, Hobbes Supercomputing Centre, Quantum Centre, Future Technology Laboratory, and Cambridge Institute for Advanced Study.

All of these institutions can strengthen Want Want Group's scientific research capabilities.

Therefore, this is an inseparable part.

In fact, the reason why Want Want Group has not been recognized by European and American capital over the years is that...

Instead, they mistakenly believed it to be capital from Europe, and that it had a significant connection with these research institutions.

Wang Duoyu cultivated so many white gloves, even executives like Lee Efra were just one of them hiding in the shadows.

Coupled with the wave of economic globalization in the 1980s and 1990s, trade between countries became more frequent.

Therefore, even though Lee Efra, O'Brien, Fuller Carson, and others frequently travel to this part of the country, no one will notice anything amiss.

Harbin is currently the most economically developed city in China.

Shanghai during the Republican era is long gone.

Even today, Harbin could potentially replace Hong Kong, one of the former Four Asian Tigers.

Of course, Harbin's financial industry is still underdeveloped and it currently relies on industry, even though its overall GDP has surpassed that of Hong Kong.

In 1992, Hong Kong's GDP was US$104.2 billion.

By 1991, Harbin's GDP had already exceeded 100 billion US dollars.

The GDP figures for 1992 are not yet available, but it's safe to say that, based solely on the companies under Harbin Institute of Technology and the numerous companies under the Want Want Group, Harbin's total economic output would certainly not be lower than that of Hong Kong.

Ice City has a very active economy and trade, so it's normal that Li Efra and his group come here often.

"Keep it up!"

Wang Duoyu offered a compliment, and Martinez nodded happily.
"Yes, Professor, we definitely will."

"Next, I'll report on the Super Dollar Factory."

Upon hearing him mention the super dollar factory, everyone in the conference room became much more serious.

Since it concerns their wallets, they are naturally very nervous.

Even before lunch, Wang Duoyu was not in a good mood and criticized them a few times.

But so what?
Anyway, 1992 is over, and everyone has made their money, so that's fine.

Human greed is a perfectly normal thing.

After all, how many saints are there?

Throughout the year, the super dollar factory printed a total of 68 billion dollars in banknotes.

After deducting costs, the profit reached a staggering 62 billion US dollars.

Upon hearing this, thunderous applause erupted in the conference room, and everyone's faces were filled with joy.

Only Wang Duoyu's smile faded.

Good heavens, he really had no idea that Martinez, the head of the super dollar factory, was so audacious.

"Martin, don't be so happy yet. Are you sure the Federal Reserve hasn't come knocking on your door after printing so many super dollars?"

Upon hearing Wang Duoyu's words, the conference room instantly fell silent; you could hear a pin drop.

Martinez hurriedly said:
"Professor, please rest assured, I can guarantee that the people at the Federal Reserve have no idea about these things!"

“We are extremely careful with every shipment, conducting at least five safety checks and preparing ten safe evacuation routes, etc.”

"At the same time, we have also arranged for people to help bribe several mid- to senior-level managers at the Federal Reserve, as well as our own people in the CIA, FBI, and other related agencies."

"With this intelligence network in place, coupled with our own intelligence system and advanced, secure intelligence transmission methods, it's impossible for outsiders to know these things."

"I've basically got through to every link in the chain, confirmed that the other party couldn't possibly be a traitor, and didn't even know what we were actually operating."

"Even if there's the slightest problem with our distribution channels, we can immediately cut them off completely and avoid getting into trouble."

"If this situation could potentially escalate to the Exa Farm, then we will activate the emergency self-immolation plan and turn the entire farm into ruins."

The Exa farm has been turned into an impregnable fortress by Martinez and his team.

Several underground passages leading to the outside of the farm were dug.

The outside world naturally couldn't possibly know these things.

If anything goes wrong, these underground passages will definitely be buried.

Upon hearing this, Wang Duoyu still did not smile.

"Alright, alright, I'm relieved that you're all so cautious."

"I'm not afraid of death, but I'm worried that you'll be blinded by greed. When people are irrational, the decisions they make are extremely unwise."

"Although we are all still relatively young and not old, we must understand that human energy is ultimately limited, and there are always people more capable than us, and there is always something beyond our understanding."

The reason why Want Want Group has been able to keep such a good secret all these years is because...

That's because everyone is cautious enough.

However, now that the entrepreneurial journey is more than halfway complete, some people have already begun to indulge in pleasure.

Fortunately, no one is using drugs now, otherwise, something bad would definitely happen.

In the US, well, it's definitely a melting pot.

Some things cannot be stopped simply by Wang Duoyu's words.

Unfortunately, Wang Duoyu himself is a doctor, albeit a mediocre one, who only needs to take the pulse of these executives from time to time.

In addition, there's the annual urine test, haha, if they're caught, they'll definitely be fired.

Wang Duoyu possesses a great deal of technology for testing the unique substances in the human body.

If you've used this stuff in the past year or two, you can't escape detection once you're tested.

If you get fired, it won't be such a simple matter.

why?
Given that the senior management has access to so many secrets, could their love turn into hatred?

At that point, other executives like Lee Evra, O'Brien, and Fuller Carson, in order to protect their own interests, will have no choice but to take drastic measures.

Although Want Want Group has only been established for ten years.

However, in recent years, the rise of Want Want Group has been nothing short of blatant robbery, happening too fast and too fiercely.

Under such circumstances, O'Brien and his fellow peasants, who were originally from humble backgrounds, naturally cherished their hard-won lives even more.

We certainly won't let others destroy it easily.

If you can't be destroyed by others, then when necessary, you can only destroy others.

If you don't do it for yourself, you will be punished by heaven and earth!

Inside the meeting room, as Wang Duoyu spoke, everyone's expressions became extremely serious.

After a while, Wang Jianchao finally spoke:

"Uncle Jiu, we understand. We will definitely not make such a wrong decision. If someone does that, it would be irresponsible to all of us."

He plays the villain, fiercely warning everyone.

Everyone felt a chill and quickly nodded in response. Then, Wang Jianchao, as the host, reported on the revenue from arms sales over the past year.

The global arms market is nearing saturation, especially considering the large number of arms sold by Want Want Group the year before last.

At the time, Moscow was experiencing a massive sell-off at rock-bottom prices, so Want Want Group naturally wanted to acquire the properties and resell them.

Later on, they even directly acquired their arms factories.

They then produced and sold their own weapons.

Even so, the total profit from arms sales reached a staggering US$27.3 billion for the entire year.

Just from arms sales and super-sized US dollar factories, Want Want Group's total profit has reached a staggering 89.3 billion US dollars.

Nearly 90 billion US dollars in profit, damn it, the most profitable businesses are all under criminal law.

That statement is absolutely correct.

In addition, Maple Leaf Holdings has a profit of US$31.2 billion.

Therefore, the profits from these three major sectors amounted to US$120.5 billion.

It's only $5.6 billion less than the $126.1 billion of the previous year.

What a huge profit!

The super dollar factory is indeed extraordinary.

Therefore, before the heads of Comcast, McDonald's, Target, and other "adopted son" companies could even report, Martinez suddenly spoke up:

"Professor, the Super Dollar Factory is of paramount importance. It's currently the most profitable segment within the Want Want Group, and I believe it needs to be restructured. After all, I simply can't handle it all by myself."

Martinez is self-aware, and he is also worried that he will not be able to bear the responsibility for the defeat.

It's just too important!

Wang Duoyu's words had just awakened him.

Add to that the wolf-like gazes from O'Brien, Fuller Carson, Allen Costa, and others.

Within the Want Want Group, manufacturing companies like Pandora are the roots, the central brain, and the core of the core.

Maple Leaf Holdings is a cash cow, the lifeblood of the entire company.

McDonald's, Daimler-Benz, Target, Paramount, and other companies are the body's trunk and important components.

However, Martinez was unsure about the positioning of the "super dollar factory".

why?
Firstly, the profit margin is too high, but the risk is also extremely high.

If there is any possibility of a financial crisis, the Want Want Group could collapse.

Although Wang Duoyu must have prepared many emergency contingency plans behind the scenes.

But no one can guarantee that everything will go smoothly.

Secondly, the Super Dollar Factory prints counterfeit money, and it might have to shut down completely one day.

The thought of how they messed with North Korea is chilling.

They had previously operated a factory in Moscow, but it had been completely cleaned up before the relocation.

However, I'm afraid someone might find out something.

Therefore, Martinez believes it's better to find more people to help share the burden.

Don't let the sky fall and he be the first to die.

Upon hearing his words, O'Brien and the others spoke up.

They all expressed their trust in him and told him not to be afraid.

Upon hearing this, Martinez thought to himself:
"Fuck, if it were before, I would definitely be happy to see it happen, but now, I've made up my mind, I can't be foolish again."

Therefore, Martinez quickly declined when faced with O'Brien and his team's overly flattering remarks.

Wang Duoyu slammed his hand on the table:
"Don't argue yet, let's not talk about this now, we can discuss it later."

Therefore, Wang Jianchao then announced that Zhou Yichen, the head of Hakimi Hamburger Company, would report on the situation.

At the conference last January, Zhou Yichen summarized that Hakimi Hamburger had 1,097 stores in China.

However, a year has passed, and only three hundred new businesses have been added.

The slowdown in development is due to demand.

Hakimi Hamburger Company has spread all over the country, and its stores can now be seen in many developed counties in China.

In developed cities like Harbin, Shanghai, Guangzhou, and Beijing, Hakimi has even more stores.

"Over the past year, our Hakimi Hamburger Company's total revenue reached 1.3 billion RMB."

The profit is a loss because opening a store requires a lot of capital, after all, equipment, labor costs, etc. all require funds.

Moreover, Hakimi Burgers has directly acquired stores in prime locations in major cities.

This reduces shop rent.

There is almost no doubt that China's economy will take off rapidly in the next two or three decades.

That's why Wang Duoyu made that suggestion to Hakimi Hamburger Company.

Of course, most stores are still rented rather than purchased.

As society develops and progresses, the commercial centers of some cities may shift.

Especially in some county towns, the relocation of commercial centers is a very common occurrence.

clap clap clap!
After Zhou Yichen finished his report, it was the other responsible persons' turn.

Wang Duoyu was quite surprised by the development of Comcast Group.

The information superhighway project has been fully rolled out in the United States, and Comcast has captured nearly 42% of the market share, completely opening up the market.

As a result, it is almost certain that Comcast's profits will reach a new level this year.

"Acquisitions, you should continue acquiring this year, acquiring all those small and medium-sized enterprises."

Upon learning that Comcast had earned $1.8 billion in the past year, Wang Duoyu immediately said:
"We'll acquire all of them, whether they're cable or terrestrial television stations. Our Comcast Group will integrate resources and strive to surpass AT&T."

A net profit of $1.8 billion is still very impressive.

Even in the United States, this is already a top-ranked company.

Wang Meili, a senior executive of Want Want Group who was responsible for reporting to Comcast Group, nodded repeatedly upon hearing this.

The chairman of Comcast is Cedric Watson, who, like Levin Burns, Rowland Winster, Baron Eric, and Mitch Lewis, has not yet entered the senior management of Want Want Group.

It wasn't that Wang Duoyu didn't want them to join.

The problem is that there are already too many people in the current senior management team.

For those who wish to join later, the review process will naturally be even more stringent.

If you can let just anyone join, the more people there are, the harder it will be to distribute the money later.

And if something goes wrong, it will be even more troublesome.

So it's fine to have Cedric Watson and his ilk as the first layer of white gloves.

Just like the Rothschild family, they could simply hide behind three layers of white gloves and make a fortune in peace.

Of course, the Rothschild family is known because of the famous Rothschild Five, who shocked the world.

Well, Western countries must know about the existence of the Luo family's five tiger generals.

The reason it's hidden now is only for ordinary people; for conglomerates like the Morgan, Rockefeller, and Mellon families, it's no secret.

Even people like George Herbert were well aware of the Rothschild family's existence.

After Wang Meili finished her report, it was Wang Meihe's turn to report on the other companies.

Over the years, the two sisters have not only been enjoying themselves, but have also been diligently learning how to run and manage a business.

Understanding financial statements is just the most basic thing.

There are also many advanced management skills and other knowledge that they must learn.

Soon, having gone through all the companies, Wang Duoyu also learned about their current situation.

Yes, that's the specific situation.

After all, he can check the development status of his companies through daily briefings, and he has two executive video conference calls every week, as well as a meeting every six months.

As the leader of the company, Wang Duoyu couldn't possibly inspect those companies in person, so he could only learn about them through meetings.

Zheng Baoyin, Wang Meili, Wang Jianchao, and the others are all relatives of the Wang family, so they must be doing their jobs to the best of their ability.

O'Brien and his team have no blood relation to Wang Duoyu, but they have a business relationship, so they work hard too.

As a white glove, one must naturally have the awareness of being a white glove, otherwise Wang Duoyu could replace the other party at any time.

"The profits from the three major sectors—super dollar factories, arms dealing, and Maple Leaf Holdings—reached $1205 billion. Companies like Pandora also generated over $90 billion in revenue, but their profits were only $16.8 billion."

"This is the report card you've submitted over the past year."

Upon hearing Wang Duoyu's summary, the executives all sat up straight.

"The essential points have been summarized, and most businesses can continue as usual. The economic situation this year will not be significantly different from last year, so just proceed step by step."

"Now let's talk about the acquisition of Canon."

The acquisition of Canon, a Japanese camera company, is related to Huachen Mobile, another company founded by Wang Duoyu.

As the person in charge, Dylan Dario immediately stated:
"Professor, we've already negotiated with them, but they're making exorbitant demands, seemingly trying to intimidate us and prevent us from acquiring their company."

Wang Duoyu said in a deep voice:

"Just negotiate with them. As long as it's a normal and legal business tactic, we can use it to achieve our goals!"

"Huachen Mobile has already started recruiting; we can't wait any longer, and the market won't wait for us either."

Upon hearing this, Dylan Dario quickly nodded, indicating that it was no problem.

He also made a pledge, stating that he would successfully complete the acquisition by March of this year.

Since that's the case, let's put this matter behind us for now.

After dealing with some minor issues, Wang Duoyu brought up the matter of the person in charge of the Super Dollar Factory.

"Martin, I understand your thinking, but the current management team really can't be expanded any further!"

After a pause, Wang Duoyu continued:

"However, your concerns are not unfounded, so I plan to allocate ten billion US dollars to build a secure base."

"This base includes establishing a vast intelligence network and forming a security group for protection, among other things."

"In addition, you will need to find several more factories in Oceania, Africa, and South America, and then set them up."

"If something goes wrong with the distribution channels, we must make sure those people know that the super-dollars were produced in these few places in Oceania, clearly and understandably?"

Martinez was immediately delighted and said there was no problem.

A cunning rabbit has three burrows; that's the way to survive.

However, Martinez still hopes that other senior executives can help oversee things.

Wang Duoyu agreed to this, and divided O'Brien and the other executives into three groups to take turns supervising and auditing.

The meeting finally came to a perfect end at this point.

It was already 6 p.m., and it had been dark outside for quite some time.

That's how it is in the Ice City in winter; it gets dark very quickly.

That evening, everyone had a meal together, and after the meal, they all went their separate ways the next day.

Regarding the red envelopes, they will be issued very soon.

A net profit of over 130 billion US dollars—just thinking about it is incredibly exciting.

Although Wang Duoyu will invest a lot of money, he will definitely receive his share of the dividends.

The next day, Kang Yumin and his group visited again.

Inside the study of the villa, after Kang Yumin and the others sat down on the sofa, they asked Wang Duoyu how yesterday's meeting went and what the profits were.
"Luckily, we didn't lose money, but we didn't make much either."

Wang Duoyu smiled and quickly changed the subject, saying:
"Old Kang, you're here today still about the state-owned enterprise reform issue from yesterday, right?"

Seeing them nod, Wang Duoyu continued:

"If I remember correctly, in recent years, several large projects, such as the Songliao Canal, as well as several skyscrapers that I have invested in, have all had significant market demand."

"The demand for building materials such as steel, bricks, river sand, tiles, and decorations is enormous."

"This will also have a significant impact on other industries, not to mention that there are a large number of hotels, restaurants, and food establishments around Harbin Institute of Technology, which also make a significant contribution to the economy of Harbin."

"So I don't really understand why state-owned enterprises are still facing such difficulties?"

The Songliao Canal did not exist in the original timeline, and Harbin Institute of Technology did not make much economic contribution to Ice City.

But in this time and space, everything has changed in just over ten years.

Putting aside other factors, Harbin alone now has a total population of over 13 million, and is heading towards 14 million.

Wang Duoyu even felt that the number might have already exceeded that.

He couldn't understand how, with so many economic projects, state-owned enterprises could still face a situation of oversupply, even leading to bankruptcy.

Incredible.

Kang Yumin heard this and smiled bitterly:
"The reality is that difficult; otherwise, we wouldn't have shamelessly come to them for help."

Wang Duoyu nodded and said:

"I've come up with a few ideas. Let me briefly explain them to you and see if they work."

Zhao Guobin, Kang Yumin, and Lin Runzhe nodded excitedly, looking at Wang Duoyu with great enthusiasm.

The latter didn't keep them in suspense and continued:
"First, the United States is already advancing its information superhighway plan, and we can also promote this plan domestically to develop our domestic internet industry."

"Regarding this, Lao Kang, you need to communicate well with your superiors. By March, you must get the plan approved. At the very least, you need to make Heilongjiang a pilot area."

Kang Yu-min and his colleagues dared not believe that the information superhighway project would succeed.

But without a doubt, Harbin Institute of Technology, as a pioneer in internet technology, has the right to speak on this matter.

Companies like Excellence Technology, Walsin Technology, and Huaxin Company are all excellent high-tech enterprises.

It has already been proven that developing the information superhighway plan will definitely provide more job opportunities.

"Secondly, the reform of state-owned enterprises is imperative; as the saying goes, a short, sharp pain is worse than a long, drawn-out one."

When Wang Duoyu mentioned this, the smiles on Kang Yumin and the other two's faces immediately disappeared.

We still need to reform.

Doesn't this mean we'll have to lay off more people?
Last night, Wang Duoyu called Beijing to inquire about the financial statements of several large state-owned enterprises.

He had seen these reports. For example, for Shougang Group, the government subsidy for every ton of steel produced was equivalent to three times the market price.

A typical example is the vicious cycle of 'the more you produce, the more you lose money'.

This issue has already been noted above and discussed multiple times.

In one document, Wang Duoyu saw that the national budgetary losses of state-owned enterprises increased from 9.6% in 1985 to 47.3% in 1991. Such data was simply shocking.

Can things work if we don't change?

Of course not!

Therefore, Wang Duoyu definitely supports the decision made above.

Kang Yumin and the others are unaware of these matters; it's estimated that the official documents won't be issued until the end of this year.

If Harbin can solve this problem, it will surely be emulated by the rest of the country.

However, it's not that simple.

"Third, Harbin needs to allocate more funds to promote the development of urban public transportation and tourism, and provide more job opportunities."

Fourth, promote the further development of the commercial housing economy.

Wang Duoyu's suggestions were quite insightful, as they supported state-owned enterprises in laying off employees while simultaneously increasing job opportunities.

So most laid-off workers won't immediately lose their income.

Of course, it can no longer be like before, where not only is there a secure job, but state-owned enterprises also provide for everything from birth to death.

This will definitely not work.

"Duoyu, we have no money!" Zhao Guobin immediately spread his hands, his face full of bitterness.

"If you don't have money, just take out a loan!" Wang Duoyu said directly.
"And if I remember correctly, don't Jianghai Securities and Bingcheng Bank still have a lot of funds? If they don't use them now, when will they?"

Kang Yumin and the others fell silent.

These two financial companies had no money at all, because they had already spent most of it.

The asphalt roads of Harbin, the newly built Yanjiagang Airport, the new buses, the subway, the train station, etc., all of these cost money.

What should I do?
Seeing their silence, Wang Duoyu knew exactly what was going on.

Then he said:

"Besides bank loans, you can also attract more investment from outside, promote highway construction, and so on. In short, as long as you can raise more funds and provide more jobs for the whole society, then there shouldn't be any major problems."

In fact, Kang Yu-min and his team had considered these strategies, but they simply couldn't work without money.

The reason they came to find Wang Duoyu was simply because they knew he was rich.

And they are extremely wealthy.

Unfortunately, they asked the wrong person.

Because Wang Duoyu's funds were not used for these ordinary projects, but for high technology.

Naturally, he couldn't possibly reveal it, which is a major reason why he has kept it a secret and prevented the outside world from knowing exactly how much money the Want Want Group has made. (End of Chapter)