Shanghai is prosperous

Chapter 128 The Impact of the Subprime Mortgage Crisis

On the way back with the delivery truck, Hu Jianguo thought for a long time, and finally couldn't help but asked Wang Yiyuan, Lao Wang, you asked Lao Zhu for these two packing boxes later, did you have any other considerations for getting them back?

Wang Yiyuan chuckled, and said, Hu, think about it, isn't their home textile factory planning to cut the prices of suppliers?In this way, the price of these packaging boxes must also be reduced.

How can the price of these boxes be reduced?Hu Jianguo was still puzzled and said that the cost of paper, machinery, and labor is dead. According to the warehouse old Zhu, it must be reduced by at least 20.00%, which may be difficult to achieve.

That's the problem.Wang Yiyuan said, if those suppliers can't do this now, as long as we can do it, doesn't it mean that it is very hopeful and possible for our business to enter the home textile company?

Hu Jianguo hesitated, and said very uncertainly, but we are afraid that it will be difficult to achieve this 20.00%.

That's why I took the samples of these two packaging boxes and went back to the factory to study them carefully.Wang Yiyuan said, to be honest, I don’t have any good method now, it seems that no matter how I look at it, I don’t know where to save costs in the end for the various components of the box price.

There was still some distance to drive to Fengpu Bridge, the road ahead was completely blocked, and there was no sign of vehicles moving for a long time.The driver said, Manager Wang, maybe we have to wait a while.This Fengpu Bridge rarely has traffic jams.

No one expected that this traffic jam lasted almost two hours.After driving across the bridge, I found out that there was a traffic accident where a container truck broke down on the side of the bridge towards Xinzhuang.

When we arrived at the Wujing factory, it was already seven o'clock in the evening, and Wang Yiyuan ordered the driver to take Hu Jianguo to the bus station.In Wang Yiyuan's office on the second floor of the factory, Xiao Yunhua and the others were waiting for Wang Yiyuan to come back and eat hot pot together.

Wang Yiyuan first poured hot water, wiped his face and hands, then sat down and said, there was a traffic accident on the Fengpu Bridge today, and it was blocked for a long time, otherwise he would have returned long ago.

Li Guanglin filled their respective cups with wine and said with a smile, then, Lao Wang, hurry up and drink a few sips of white wine to warm up your body.

While drinking and eating, Wang Yiyuan talked about the process of going to the home textile company in the afternoon.

Lao Xiao stood up, walked over to carefully look at the samples Wang Yiyuan put on the desk, and said, Lao Wang, this is white cardboard covered with whiteboard, and there is a layer of film on the outside, and the rolling machine needs to be added. On the handle, I am afraid that there is not much room for maneuvering in terms of cost.

Wang Liping also walked over, took the paper box and looked it over and over again, exchanged glances with Xiao Yunhua, and said, that is indeed the case, what Old Xiao said was right.

If you don't tell me this, I know it too.Wang Yiyuan and Li Guanglin bumped into each other, took a big gulp of wine, and said with a smile, don't talk about difficulties, everyone should think of a way, at least 20.00%, if you can't do this, I'm afraid it won't happen again this time How much hoped.

I'm afraid it will be difficult.Xiao Yunhua shook his head and said, let's drink first, and when we drink too much, we may come up with a solution.

Wang Liping asked Xiao Yunhua, Old Xiao, if you drank too much, would you still think about it?Don't you usually sleep until dawn after getting drunk?

Yes, thinking about it in a dream.Xiao Yunhua said with a chuckle.

You are really dreaming your big head.Wang Liping understood, and said to Li Guanglin suddenly coquettishly, she must punish Lao Xiao three cups, Da Li, you have to make the decision for me.

Wang Yiyuan suddenly got goosebumps all over his body, and said in a feigned dissatisfaction, ahem, we are still here, pay attention to the occasion and image.He went on to say, no matter what this time, the home textile company's packaging boxes don't want to come up with a solution, and at least they are not allowed to drink alcohol for a month.

At this time, Wang Yiyuan remembered the email Du Jianfeng sent to him in the afternoon, and he remembered that he specially told him to read it. What kind of email is so important?He turned on the computer, retrieved the email, and opened it. It turned out that it was an article he forwarded from the Investment Research Department of their Beijing head office.

When Wang Yiyuan saw the title, he was startled.What was displayed on the screen was that the possibility of the outbreak of systemic world financial risks in 2008 was increasing, which was very eye-catching.

The article stated that the root cause of the subprime mortgage crisis in the United States since the second half of last year was that the monetary credit in the capital market was infinitely magnified through financial derivatives, which brought about a long-term relationship between the supply of money and credit and The huge gap between payment capabilities finally seriously deviates from the limited demand for credit in the actual product market.

If this deviation generally exists in all areas of the financial market, the subprime mortgage crisis, that is, local financial contradictions, will inevitably evolve into a financial crisis.

The article also said that the Wall Street turmoil caused by the subprime mortgage crisis in the United States has now begun to evolve into a global financial crisis.This process of transformation, its rapid development, large number, and huge impact can be said to be beyond our expectation.

According to the analysis of Du Jianfeng and his investment banking department, the subprime mortgage crisis can generally be divided into three stages: the first is the debt crisis, which is caused by borrowing from housing lenders who cannot repay the principal and interest on time.

The second stage is the liquidity crisis. Due to the debt crisis, some relevant financial institutions cannot have sufficient liquidity in time to meet the requirements of creditors for liquidation.The third stage is the credit crisis, that is to say, people have doubts about financial activities based on credit, resulting in such a crisis.

The preliminary conclusion in the article is succinct. It said that the financial crisis that began to emerge in August this year came from the outbreak of the subprime housing credit crisis. Investors began to lose confidence in the value of mortgage securities, which triggered a liquidity crisis.Even if the central banks of many countries inject huge sums of money into the financial market many times, it may not be able to prevent the outbreak of this financial crisis.

The article also pointed out that for China, the troika driving China's economic development, the growth rate of exports has slowed down due to the deterioration of the external environment, the growth rate of investment has also slowed down due to the impact of tightening policies, and the growth rate of consumption has slowed down due to the current CPI. Gao Qi, the real disposable income of residents has decreased, and at the same time, due to the decline in the stock market and real estate, residents' property income has been affected.In fact, since the subprime mortgage crisis in the United States, the sharp drop in demand from the United States has led to the bankruptcy and closure of a large number of enterprises in the Pearl River Delta.

At the end of the article, several important and turbulent time nodes in the financial markets around the world have been listed since the outbreak of the subprime mortgage crisis, which seems particularly shocking.

(End of this chapter)