Through the wealth life

Chapter 644 Difficult to develop electronics industry

Facing the current severe and complicated situation, seeing that the collapse of the property market is inevitable, if Hong Kong does not find new economic support, the era of depression will come.

As Youde, who just took over as the governor of Xiangjiang just this year, he obviously didn't want to usher in such an open door.

MacLehose has been in Xiangjiang for so many years, and he has enjoyed a lot of praise in Xiangjiang.And if Xiangjiang's economy continues to decline after I take over Xiangjiang, then such a clear response will make me nailed to the pillar of shame in Xiangjiang, and I will be a negative example in the history of Xiangjiang.

In order to maintain the stability of Xiangjiang, in order to keep the economic development of Xiangjiang from slowing down, on the morning of the 19th, Youde specially held a Xiangjiang business meeting in the banquet hall of the Governor's Mansion, and invited the helmsmen of large and medium-sized companies in Xiangjiang and all the leaders of Xiangjiang. The head of the big family attended the meeting to discuss the future of Hong Kong's economy.

There were more than 300 people present this time, and the meeting held in the Governor's Mansion is considered to be a very large number of people.This time is not the previous banquet, and the family members were brought along, and the invitees came alone this time.

At the meeting, Youde expressed his gratitude to those who came to attend, and at the same time introduced the current situation in Xiangjiang, focusing on the real estate industry.

Youde said: "The development of Xiangjiang in the past few years has made many of our businessmen look at the huge profits here. The price of Xiangjiang's property market has doubled in just a few years. In the past, ordinary families might be able to buy a house in ten years. It takes 20 or even 30 years to set up a good house, and such a price is obviously unreasonable.”

"The collapse of the property market in Xiangjiang is inevitable. I invite you here today to discuss the future of Hong Kong with you. The economic development of Xiangjiang is ultimately in your hands. I think this crisis in the property market will also let you Knowing the dangers of being solely engaged in the real estate industry, the development of Xiangjiang cannot only rely on real estate, we need to find more pillar industries.”

Among the people who came here today, quite a few regretted that they had put all their assets in the real estate industry. The collapse of the real estate market hit them too hard.

The business elites in Xiangjiang know very well that the current economic development of Xiangjiang is likely to experience a sharp decline.

The collapse of the property market not only affects real estate, this time coupled with the political situation in Hong Kong, the service industry in Hong Kong is also not doing well.

The fleeing of the middle class and a large number of people trapped in the property market have caused Xiangjiang to lose a large number of consumers.

Whether it is Zheng Yutong's Chow Tai Fook Jewelry Company, or Hengyu Supermarket Group, Watsons and Hongyu Clothing Group, in the past two months, sales performance has declined to a certain extent.

At this time, the government will not come out with some policies that can boost confidence, and Hong Kong's economy will be even more pessimistic next year.

The collapse of the property market is good for Hong Kong's consumption, so that citizens can have more funds for consumption.

But this must have a pillar industry that can replace the real estate industry. What does Xiangjiang currently have besides real estate.

Nine and a half out of ten of the top families in Xiangjiang are mainly engaged in the real estate industry. Even Li Guangyu's own real estate group accounts for a relatively small proportion of profits, but there are three major real estate groups under his banner.

Once the real estate market in Xiangjiang collapses, countless people in Xiangjiang will face unemployment. The major groups will definitely cut their salaries, and their bonuses will also be reduced accordingly. The consumer industry hopes that the sharp drop in the property market will increase their sales. At present, it is still relatively difficult.

As early as a few years ago, Xiangjiang's economy began to develop abnormally. When everyone found that the profit earned by their company for a year was not as good as the profit brought by people and the purchase of a few houses to appreciate the value, they would also invest in it. Come inside the estate.

At that time, Heung Kong did not pay attention to this point. When South Korea, Taiwan and Singapore were developing high-tech industries, hoping that the electronics industry mainly based on semiconductors would support their continued economic development, the Heung Kong real estate industry also ushered in glory.

Due to some reasons in Xiangjiang, the government is unwilling to upgrade the industry in Xiangjiang, and the major upper-class families are also unwilling to spend huge sums of money to invest in the research and development of semiconductor and electronic industry technologies.

The real estate industry is so good, it is simple and effortless, the profit is very high, and the return is very fast.Unlike the electronics industry, which may have invested billions of Hong Kong dollars in it, there is still no result.

As soon as the real estate industry collapsed this time, Xiangjiang's economy showed its prototype. The false prosperity of Xiangjiang supported by high housing prices in the past finally showed what it should be at this time.

Fortunately, Hong Kong is not like some places. When the property market crashes irreversibly, they will not intervene in the market to keep housing prices from falling. No matter how the Hong Kong economy develops in the future, at least the Hong Kong government still has the courage to pierce the real estate market. Bubble of courage.

Although this will be a big blow to Xiangjiang's economy, as long as the major groups and families of Xiangjiang transform and invest funds in other industries, especially some high-tech industries, Xiangjiang's future economic development will definitely be able to recover over here.

Youde is still determined to develop Xiangjiang's economy well, and he hopes that he can have a relatively perfect political career in Xiangjiang.

It's a pity that his current mentality will change in the near future. At that time, he will not mention the transformation anymore. He hopes that all the big families in Xiangjiang will be engaged in real estate, so that he can sell Give up more land, and finally leave this mess to the mainland.

At the meeting, Youde said to everyone present: "In order to have enough talents in Hong Kong to support the development of our various industries, our government plans to establish Hong Kong University of Science and Technology and Hong Kong City University to provide conditions for everyone's industrial transformation and upgrading."

Youde is very clear that the reason why there are no high-tech enterprises in Xiangjiang is mainly due to the lack of talent reserves in Xiangjiang, especially talents in science and engineering. A strong and weak situation.

It's a pity that Youde made a wrong calculation. The top families like Xiangjiang don't have much thought about doing high-tech industries.

Compared with these, they are keen on traditional industries, and they understand these better. They don't want to get rich suddenly, they just need to enter this industry to bring them good income.

Therefore, even if these families in Xiangjiang expand their industries, many of them are industries related to their real estate, such as the hotel industry.Another example is to control some industries related to people's livelihood, such as electricity, transportation, gas, water supply and other industries.

The risks in these industries are relatively low, and the cash flow is also very strong. These enterprises related to people's livelihood will charge as usual every month, which can provide a steady stream of funds for their development.

Because of these differences in ideas, although Youde talked about the broad prospects of the electronics industry in the future, very few responded to him, and no family was ready to enter it.

There are a few responses, and they are only the heads of some electronics companies that do OEM. They don’t have any core technology themselves. Many parts are imported from outside, and then they assemble them themselves to earn a little OEM fee.

……

(End of this chapter)