Chapter 687 The Euro, Collapse
Nowadays, Chang Haonan’s statement, even if it is only verbal, is quite convincing on the side of the Science and Technology Commission.
So, after he said "wait half a month and see again", the other people basically accepted this statement naturally.
However, in any case, Chang Haonan and Ding Gaoheng initially made the decision to "secretly help behind the scenes". Their original intention was to take the opportunity to kill the American spirit. It would be best if they could put out some more signs. The results of sexual war have allowed the whole world to step out of each other's shadow.
And this F117, no matter how it was damaged in the battle, must be of great use for this purpose.
Therefore, although the actual situation may be somewhat different from the original idea, the interest of several people in the conference room quickly returned to its original state.
Perhaps for this reason, today’s briefing did not end hastily, but entered the next stage.
"Dear leaders, since the beginning of the 'Allied Force' operation, there is some information other than military intelligence that deserves more attention."
While speaking, the new secretary who replaced Lan Xinzhi came up A new document paper was placed on the projector, and a chart was instantly displayed on the big screen.
“The exchange rate of the euro against the U.S. dollar has fallen from 1:1.1800 to 1:1.0640 in the past three days, a drop of up to 9.83%, and it still has not stopped the decline.”
"The Foreign Exchange Administration of the People's Bank of China estimates that if the EU cannot inject confidence into the market through some strong means, the euro may further fall below 1:1 against the US dollar in half a month."
Looking at the table With the shocking decline rate on the upper curve, even those in the conference room who are not well versed in finance can realize that the EU is about to suffer a serious blow.
As one of Europe's major trading partners, China will obviously also be indirectly affected.
“It seems that Europeans will inevitably lose a piece of meat in this round of events...”
Ding Gaoheng sighed:
"Furthermore, since last year, the contracts we signed with several European countries have indicated that transactions can be conducted through the euro. But now that the exchange rate of the euro is fluctuating like this, it is not good news for us to build euro foreign exchange reserves." ..."
If we only look at it from the perspective of a single buyer and seller, then the depreciation of the euro will be beneficial to China’s imports and not conducive to China’s exports.
But the trade between countries, or even the trade between enterprises affiliated to the Commission for Science and Technology and Industry and Europe, is extremely complicated and cannot be summarized in a simple sentence or two.
But in general, for a new currency like the euro, and a new currency with symbolic significance for European integration, it is best for the exchange rate to remain relatively stable.
Even an increase of 10% in three days may not be a good thing, let alone a decrease now...
"Our Torch Group has also encountered this problem..."
Chang Haonan said in a helpless tone:
"Recently it is the peak stage of the official version of TORCH Multiphysics. The orders signed before Many of them were paid in euros. There were also two Sugon 2000T and numerical calculation businesses sold. The payment for the goods was probably tens of millions of euros. Now it has dropped by 10%, and it will obviously continue to drop. , it is also a big blow to our business..."
Regarding the ability of the Torch Group to attract money, the other people did not show any surprise.
After all, it is a monopoly business to a certain extent.
"But from our standpoint, we should still let the euro sustain, even if our interests are damaged in the short term, there is nothing we can do."
Huai Guomo, who has been responsible for foreign project cooperation for a long time, has a relatively good understanding of these matters. Duo:
“The current US dollar is too strong in the international market. Although the Japanese yen also occupies a certain share of settlement, it cannot be regarded as a completely independent currency. The ruble has almost become waste paper, and the RMB There is no voice at all.”
“So if we want to break the dollar monopoly, we can only support the euro to fight against them.”
“Then we still have to bite the bullet and continue to use it? ”
Lu Xiujun, director of the International Cooperation Department, frowned and felt a little headache.
In fact, at present, China's trade with Europe is generally in a relatively balanced state, but when it comes to the business of the Commission of Science, Technology and Industry for National Defense, exports are still far greater than imports. Now that the euro has plummeted, the losses will naturally be huge. big.
Ding Gaoheng waved his hand and signaled the other party to be calm:
"The specific policy on the euro has not been decided yet. I was notified that the second emergency will be opened the day after tomorrow. Response meeting. "
"I was not senior enough to attend the first meeting on the 25th, but presumably the main discussion was on security issues. After all, no one thought about the euro. It will collapse so quickly..."
When Lu Xiujun saw this, he could only smile bitterly and couldn't say anything else.
“In fact, it should be expected that the euro will have a negative impact...”
Huai Guomo’s tone was slightly filled with resentment: “Although the Balkans do not use the euro, But after all, it is called the European powder keg. Once chaos breaks out, it will inevitably affect the entire Europe, and the euro happens to be a currency that was born under the issue of European integration. It has just been issued, and even in the EU countries, it still circulates on a dual-track system of local currency and euro. , is the most vulnerable time..."
"I'm afraid this is something that the superiors can't figure out."
Ding Gaoheng interrupted Huai Guomo's words:
"Logically speaking, the problems that people with no economic knowledge like you and I can think of, there is no reason why those clever old foxes in Europe can't think of them."
“Since the Allied Forces Operation was initiated with their support, according to our normal thinking, we must have had a response plan in advance... Who would have thought that we were really unprepared... Isn’t this what we deserve... ..."
"Actually, this is not surprising..."
Listening to Ding Gaoheng's complaints, Chang Haonan suddenly remembered a joke, so he suppressed a smile and continued:
"If you pick out a single European country, they may all be old foxes for hundreds of years, but if you combine them into the European Union, they may not be able to perform at their respective levels."
"Just like I heard a saying, It is a typical EU organization, with a British director, a French director, and an Italian section chief. "
"A typical EU agency official also has an Italian director. Organizational ability, German flexibility, French humility, Belgian imagination, Dutch generosity and British sincerity..."
"Pfft——"
When Chang Haonan first spoke, everyone thought he was talking seriously.
It wasn't until he got to the part about "the flexibility of the Germans and the humility of the French" that he finally realized that this was a bad joke.
In the end, several of them couldn’t even hold back their laughter.
"In short, it is quite reasonable for such an organization to make some brain-dead decisions at critical moments..."
Chang Haonan concluded:
"And this It should be an opportunity for us.”
Everyone who had just laughed for a while also calmed down when they heard this, but they didn't answer. They just looked at Chang Haonan and motioned for him to continue.
Especially Ding Gaoheng.
Although the business of the Science and Industry Commission does not directly involve finance, almost all bulk commodities and orders in China's import and export to Europe are related to it, especially the equipment industry and aviation industry, and even more recently. The top priority is to break the ice in relations with Europe this year.
So when I go to the meeting the day after tomorrow, he still has some say in trade.
Of course, on the other hand, as the head of the defense industry, he really has nothing to say on other topics... It would be better to listen to what Chang Haonan has to say.
Although the latter's ideas are often not mature and require further polishing and processing by Ding Gaoheng in details before he can continue to report it, in terms of openness of ideas, no one can match it...
And Chang Hao Nan didn't need to be pretentious now in the Science and Industry Committee, and immediately said:
"Just like Director Huai said just now, the euro must be saved, otherwise the dollar will be dominant. For us to join the WTO, Or trade after joining the WTO is not a good thing."
"Director Dante said that the EU is responsible for itself this time...In fact, it is true that the main force of the Allied operations is the Americans, but the situation has deteriorated to this day. In this step, the Europeans themselves are indispensable. "
"Now the only way for the euro to save itself is to find a strong economy to support the credit of the euro."
"This economy must first have strong production capacity, be able to provide industrial supplies to the EU in a long-term and stable manner, and be able to undertake European capital exports; secondly, it must have the motivation to strategically support the growth of the euro, and not be worried, or at least not afraid of standing still. On the opposite side of the United States; in the end, it must be large enough and relatively monolithic internally. Only in this way can it withstand the pressure from the east coast of the Pacific and help the euro compete with the US dollar..."
Everyone understands, Having said it to this extent, it is basically equivalent to making it clear.
An economy that satisfies the above three conditions at the same time...
Huaxia said it would be better to report my ID number directly.
“So.”
Chang Haonan's eyes looked around half a week:
"Whether it is from the perspective of teaching them a lesson, or from the perspective of adding icing on the cake rather than providing help in the snow, there is no need for us to take action in such a hurry..."
(End of Chapter)