Chapter 73 The Asian Economic Crisis in 1998
The affairs of the two companies were bustling. Not only were the branches known to everyone, but they also had a great influence in the small circles in Haijin.
The boss's strategy left a deep impression on the company's employees, and also gave people who were interested in lying on the company to suck blood.
When the people who were watching the little boss were thinking about what big moves he would do, he suddenly disappeared from everyone's sight. It turned out that the Haijin branch, which he often went to, hadn't seen him for a long time.
In the Lunar New Year in 1998, the shadow of the economic crisis shrouded the whole world, especially in Thailand in Southeast Asia, where a financial storm was brewing.
The quantum fund led by Soros has gathered a large amount of hot money in Thailand's foreign exchange market and has slowly opened its bloody mouth.
Indulging in the current booming economic situation, the Thai authorities are not aware of the seriousness of the problem.
As Asian countries such as Singapore, South Korea, Japan, Taiwan, and Thailand, Hong Kong and other Asian countries are export-oriented countries, similar economic types have intensified competition, high production costs and low profits.
European and American countries have relatively weak economies and insufficient purchasing power, which has led to a sharp decline in exports from Asian countries and a serious imbalance in the balance of payments.
The already insufficient foreign exchange reserves are even more stretched.
Add international hot money and the major capitalist countries in Europe and the United States that dominate behind them, following behind hedge funds such as Soros and scrambled to fish.
Since the foreign exchange transactions of Thai baht are completely fixed with the US dollar. That is to say, if 1 US dollar can buy 100 baht in January, it will be attacked by international hot money in February and the baht will depreciate sharply. At that time, 1 US dollar can actually buy 200 baht, and international speculators can return 100 baht to the Thai bank in February. The remaining 100 baht is earned, and the one who keeps bleeding and losing money is the central bank of Thailand.
The foreign exchange reserves, which were not large, were emptied by international speculators bit by bit. In the end, the central bank without foreign exchange support, had the Thai baht in his hand like waste paper, but the result was that banks went bankrupt, enterprises went bankrupt, and the middle class went to the streets to beg.
In a five-star hotel in Bangkok, the capital of Thailand, Zhang Yi and Luo Bingyun were lying on a massage table, enjoying Thai massage.
Thai massage is different from Chinese health massage. In their philosophy, massage is a kind of energy transmission.
Thai massage is the most intense of all kinds of massages, and there is no need to use massage oil during massage. The massager starts from the toes and ends at the top of his head, and the back, waist and joints are the focus of massage. Pain will be felt during the massage process, especially for the first time experiencers, who may not be able to stand the big movements of Thai massage. The responsible masseur will communicate with the experiencers about the massage intensity and remind him to completely relax his body and not to be tense.
In his previous life, Zhang Yi, a programmer, often drove at night for work. At that time, in order to relieve stress and recover as soon as possible, the company boss often asked everyone to do Thai massage. Therefore, Zhang Yi could withstand the intense movements of Thai massage.
But Luo Bingyun was different. He was pressed and shouted loudly. The delicate screams, coupled with the beautiful scenery exposed by the bathrobe, made him even more passionate.
Fearing that her screams would affect others, Zhang Yi signaled the massage girl to be gentler. Luo Bingyun heard it, but said, "It's okay, the strength is just right, it's the most comfortable."
He gave her speechless look: "You are so comfortable. I can't stand it when I hear that I am almost there. Please take care of me. Is it a good feeling for a man?"
"Husband, is it really comfortable? No need to be light, just this strength, I'm fine!"
He could only pray secretly that the sound insulation of the massage room would be better, otherwise, people outside would not know what it would be like if they heard it.
After finally finishing the massage, Zhang Yi finally breathed a sigh of relief and no longer had to be tortured by this woman's screams.
At this time, when Luo Bingyun saw the massage girl leave, he crawled directly onto his bed.
Leaning in his ear, exhaling Rulan: "Honey, we have been in Thailand for more than ten days and have nothing to do, either eating or playing."
Zhang Yi glanced at her ambiguously and said with a teasing voice: "Whoever says he will do nothing, we are doing it every day!" At this point, he deliberately paused.
"Do you do what you like to do?"
Luo Bingyun beat his chest with a small blow and said coquettishly: "Go away, you are not serious, you know what I am talking about!"
"Oh! I came to Thailand and realized that this is a paradise for men. If you weren't by your side, a man who did not make mistakes would not be a man in this environment!"
"What's wrong, baby, I've been tired of playing for only ten days."
"That's not. I just see that you are quiet on the surface, but you are nervous on the inside. I am like that every day, afraid that your body can't stand it. If you have any worries, you must tell me, okay?"
Feeling her real care, she hugged her gently, kissed her forehead, and stared blankly at the ceiling of the roof, as if she was muttering: "For this feast, I can only drink some soup, it's not my turn to meat!"
She looked at Zhang Yi in confusion and asked, "What kind of feast, what are you talking about when you drink soup and eat meat?"
Zhang Yi smiled mysteriously and said, "Baby, you will understand in a few days. The time should be almost done!"
In the following period, Thailand's exchange rate was constantly hit hard like in previous lives, forcing Thailand to announce the abandonment of its fixed exchange rate system with the US dollar.
This move caused foreign investors and speculators to leave the market, funds flee, and the stock market collapsed, plummeting from more than 1,000 points to more than 400 points.
The prosperous Thai economy is now in a slump and completely falls into a downturn.
Then it was Malaysia, Indonesia, Singapore, Taiwan, South Korea, Japan, and Hong Kong.
Among them, Indonesia suffered the most. The country's economy collapsed for a while. It wanted to obtain huge loans from the World Bank to get rid of the fixed exchange rate system, but was threatened by the International Monetary Fund and fell into a dilemma.
South Korea's economy has natural flaws. The monopoly chaebol system once allowed its economy to develop rapidly. At the same time, it was also because of this system that was dragged into the abyss during the economic crisis. The huge Japanese bank group invested in South Korea was dragged down, and bank bank bankruptcy sounded one after another.
Perhaps the only highlight is Hong Kong. Hong Kong, which has relatively healthy finances, has a strong ability to resist crises. In addition, the mainland has spared no effort to support it after its return, which has enabled it to maintain the joint exchange rate system, forcing international speculators to cut their losses and leave the market.
As for Zhang Yi, when the crisis was the worst in which country, he appeared there. On the surface, when others were in dire straits, he just took a woman shopping, traveling, and playing, and did nothing.
But Zhang Jie, who was far away in Haijin, was shocked at the numbers coming and going on the account every day.
Chapter completed!