After the National Day holiday passed, the temperature also dropped.
Chen Pingsheng had to wear a light coat when he went out after dropping off the two little fart kids at school.
He was also off to officially report to Magic City University of Finance and Economics.
Only the president knew of his status there; his first reason for taking up the guest professorship was his own interest and passion.
It was to make up for his regret of never having attended university.
His second reason was to suppress the constantly growing and swelling desires within him.
Of course, there was another most important reason.
That was to let his three little ones fully integrate into the middle-class family.
By the ti they got to university, he wouldn’t control their spending power anymore.
Education resources in Magic City are top-notch nationwide.
He beca a professor here with neither academic qualifications nor any standout expertise.
What he taught were just so elective courses.
aning, those who wanted to learn could co, and those who didn’t were free to choose otherwise.
University courses were more about free selection.
On his first day of registration, he first t with the old principal. To be a principal at such a school
ant a very high social status, carrying various titles on his shoulders.
The old principal was very welcoming of his arrival; in recent years, if we talk about the most popular high-end business training in the country,
Mr. Ma’s Lakeside University might be placed second, but nobody would dare claim first.
Chen Pingsheng had the qualifications to be involved there but felt that Mr. Ma had been a bit too high-profile over the past couple of years.
Seriously speaking, in dostic business, especially for those wild-grown private entrepreneurs like them,
it’s better to keep a low profile.
Originally, he had thought about founding his own business university and being the honorary president, but after much deliberation, he dropped the idea.
Also because of being too high-profile, he felt he should repress his inner desires.
Knowing his situation, the old principal ntioned that one retired famous professor here went to work at Tengying Global Industry Economic Research Center.
His daily job was to analyze the global economic situation, as well as the major changes that could occur in the country over the next ten years.
Though these things might sound vague, for a super-large conglorate like Tengying spanning seven or eight industries,
correct judgnt of future trends was absolutely crucial.
The recent transformation of the group towards prudent managent and preparing cash flow was also because the Economic Research Institute had issued a precarious industry survey report.
More specifically, it ant that the turning point in the dostic real estate market was imminent.
A series of economic crises would follow.
Most people can hardly imagine how strong a domino effect the housing prices could trigger once they start to decline.
Let’s just say, everyone buys properties on the assumption that prices will rise, not fall.
Just like stock speculation.
When housing prices drop, it ans the liquidity of houses will greatly diminish.
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And those large real estate enterprises, especially those relying on turnover and bank loans,
will be the first to be in trouble.
That’s just one aspect. On the other hand, the middle class in the country who has so ans
have practically staked all of their family assets on their hos. Once houses stop being liquid,
their spending power will take a huge hit, which directly affects consumption for the next few years.
Real estate companies, banks, and the middle class are all stuck in this trap.
And that’s only the second aspect. The third aspect is that once houses can’t sell,
a whole series of industries, including construction, decoration, ho appliances, and so on, will be greatly affected.
And these industries can in turn impact the lower-inco population.
It can be said that no one will be able to escape this inevitable, epic turning point.
In such an unprecedented change, large enterprises reducing debt and maintaining sufficient corporate cash is the only way to safely get through.
Anyone still investing wildly in these two years is either in such a hole that they must rob Peter to pay Paul,
or they are so inflated that they dare to go against the trend.
The craziest one he knew of was undoubtedly Xu Pidai. Many people were aware of his issues.
And those issues were big, so much so that if a collapse happened, most ordinary people would need to pick up the tab.
Even if he knew, he wouldn’t dare to touch this kind of bomb.
Let alone him; even soone like Mr. Ma wouldn’t dare speak of it.
The impact was too wide, their ancestors not having had the guts to ddle in such matters.
The old principal let Chen Pingsheng choose his own course title, a privilege not typically afforded to visiting professors.
After so thought, he defined his elective course as "One Hundred and Eight Questions on Managent and Practice."
Basically, it ant not teaching fixed professional knowledge, but rather solving students’ professional issues through a question-and-answer thod.
It was a pioneering type of course.
Despite sounding simple, it was tens to hundreds of tis more difficult than teaching fixed knowledge from books.
Because it required answering a wide variety of people, with all sorts of questions.
If the answers were not good, there soon wouldn’t be people signing up for his class.
That would be too embarrassing.
The principal also arranged a small office for him, with a very simple arrangent.
Just an old desk, a black wooden chair, and a large bookcase.
Packed with a lot of books.
Beside him, there were three colleagues, including the returned scholar Zhang Changwen, and Jiang Xiaodong, a university student from the 90s who went to work for a large state-owned enterprise and now lived a quiet life teaching here.
Besides these two, the closest to him was a female teacher, Yang Hong.
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