While Zhao An was enjoying his wonderful sexual encounter with the pregnant Qian Yuling, the other three major families held an ergency eting. They could withstand the financial crisis, but the other families might not, especially those in manufacturing. If raw materials couldn't be supplied, they would be affected. As for assigning bla, those families were already bankrupt; what could they possibly do?
"Imdiately withdraw capital from overseas markets, especially Europe and Arica. Halt any other businesses that can be halted; don't invest any more money. Also, pay close attention to raw materials; stockpile the necessary orders," Huang Yu stated at the family eting. These were suggestions from the team's financial analysts.
This financial crisis ca very suddenly, caused by a massive sell-off of stocks and futures. Investigations revealed that every family was involved. However, when questioned, those involved claid to know nothing, either deeply hidden or genuinely unaware.
This was perplexing. The current issue wasn't identifying the mastermind, but rather how to deal with the situation.
Panic selling of stocks and futures by a large number of investors led to a severe decline in company profits. A listed company's profitability depended entirely on its stock price; actual business transactions were rely a facade. Everything was geared towards boosting the stock price; the more shares a company held, the more financing it could secure.
Finance was originally ant to serve the real economy, but now the tables had turned. Those involved in finance either paid billions in tuition fees or made a fortune.
"We've already started stockpiling raw materials. Iron ore won't be affected, only sales will be a problem," a family mber responded.
"Then send people to negotiate and secure orders. There will always be business. The hotel industry's performance will definitely be sluggish, so we'll focus on the dostic consur market. Try to secure orders from overseas markets as much as possible; if we can't get them, we'll shift resources back to the mainland." Huang Yu knew very well that making money from foreigners was difficult. The financial crisis mainly affected Europe and Arica; the wealthy might suffer less, but the middle class and ordinary people were devastated. Those businesses there are mostly on loans. No business ans no inco, and company layoffs an no inco either. Bankruptcy is the least of their worries; those who can't handle the pressure might just jump off a building.
The Bai and Lin families are in the sa boat. Zhao An didn't even inform them, nor was there any need to. The Bai family wanted to win him over, but not many within the company thought highly of him. diocre people are always jealous of geniuses because the arrival of a genius would take away so of their profits.
Zhao An had no interest in being soone's lackey; he just wanted to live a comfortable life. The logistics industry controlled a road network and had built a mature transportation system. He just needed to build a good platform. He only needed to cooperate with the largest logistics company and then launch community group buying. People could buy almost anything on the new platform, mainly everyday items like at, fruits, and vegetables.
A circle would be ford around the community; people would simply go to a designated place to pick up their goods.
This model still needed so minor adjustnts and negotiations, but it was definitely profitable. Compared to food delivery, which is more profitable, the boom period for the food delivery industry is over. Although the inco is still good, what follows is only criticism, and Zhao An isn't stupid.
At the Bai family eting, Bai Qingyang, as the heir, was speaking again. In such occasions, the heir should speak more and demonstrate their abilities to maintain order. By showcasing their talents, subordinates will be willing to follow, knowing that following them can be profitable.
The sa strategy was to shrink industries, especially overseas ones, and withdraw in a tily manner. Most overseas investnts were in hotels and KTVs—these industries generate quick profits. Building factories is ti-consuming and labor-intensive, and there's no guarantee of success. It's better to invest in faster-profit industries, which often involve so degree of shady dealings like gambling and prostitution.
"Strange, how could a financial crisis suddenly erupt like this? There wasn't a single sign."
"Right? I invested five million, and now I can't withdraw it. This is truly terrible; I've lost all my savings."
"Five million? You call that feeling the pinch? What if I had fifty million stuck? Would I jump off a building?"
"I've already lost five hundred million in futures and haven't even said a word, and you're already feeling the pinch?"
Everyone was whispering amongst themselves. This crisis had affected everyone. With overseas markets struggling, those capitalists would definitely co to grab their share. They had no interest in saving the market, but making money off the opportunity was sothing they were very interested in.
Bai Qiuqin, wearing light makeup, was incredibly beautiful. She wore a tight-fitting dress, her large breasts filling it out, and a small vest over it, making her look very fashionable. The dress reached her thighs, and her long, slender legs were encased in flesh-colored stockings, making her fair skin even more alluring. Her fair, delicate toes were adorned with purple manicures, exuding an air of mystery, a mysterious yet alluring nobility. The slender heels of her strappy high heels entwined her perfect feet, exposing large expanses of her fair skin – a sight that would excite any foot fetishist. Beautiful legs, delicate feet, and high heels – the combination showcased the ultimate in feminine sensuality.
"Any hints from Zhao An? Qiu Qin, wasn't he also involved in the stock market before?" Bai Qingyang inquired. His relationship with Zhao An was decent, but only moderate; he'd tried several tis to arrange a eting but had been unsuccessful. He knew Zhao An wasn't busy, but rather unwilling to et. He had ti to play around with won and have sex, but no ti to chat and boast. What could one say? He was simply a lecherous man, a lecher who would neglect his career for the sake of beauty. Such a person should have quickly ruined the family business, but with the addition of Qian Yuling, a strong woman from the previous generation, the company group is very stable, as solid as a mountain, allowing Zhao An to have more ti to play and have fun. This is extrely absurd, outrageously absurd!
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