Return to the exciting era of 1999

Chapter 1951 The ugly son-in-law meets his mother-in-law

When the host tried to help the other party get back on track, Ji Donglai did not give him any face.

The most taboo thing for a startup project is that the other party does not know the weaknesses of the project and rashly takes it to the market.

Once someone invests, it will not only harm the project holders, but also the investors. The next three years will be the worst period for the entire world economy. Ji Donglai has a good relationship with several bosses on the scene. Is he really going to watch someone go bankrupt?

"Boss Ji said a lot. Although these materials were not very successful and optimistic at the beginning, they are still very successful. Let's applaud Yao Chong. Are there any other bosses here who like this project?"

It is not a good thing to have a conflict with the guests. The host was very smart and directly led the topic to the surrounding areas, while Ji Donglai waved his hand.

"Host, you have misunderstood. Please do not mislead me. Teflon, except for this company, no one can promote it. If this company stops making it, all the non-stick pans on the market will be thrown into the trash overnight, understand? Teflon is very polluting. I tell you, among the guests' homes, no wife who knows the business would choose a non-stick pan, unless she has some idea about her husband."

"He has completed his PhD in this major and came to me. I can give him funding, but he only has a master's degree now! You don't understand the materials well enough. All my people who study materials are PhDs, whether they are PhDs or postdocs. I will accept as many as you want."

"I learned from a program, I won't tell you which one, that I once invested in a project of a university student. I didn't understand it at the time! A PhD led a team of two undergraduates. It turns out that academic qualifications are really important, especially in a good university like the University of Science and Technology."

"Every stage has a different understanding of something, and there is no need to discuss this. Especially in materials science, I looked at his team. He is a graduate student, and the other three are undergraduates. We do not rule out talent, but as investors, we want the absolute stability and sustainability of the project."

"Everyone, I have invested in aerospace, which is a money-making project. If I were to go back again, I would not necessarily dare to invest. I invested in materials even earlier. If I were to go back again, I dare say I would definitely not invest! Not for this project, it is too difficult to build it from scratch!"

"Some people say that this is not good in China. I tell you that it is the basic materials that are not good. Anyone who has done it knows it! You can say this in the investment circle. If you hate someone, ask him to invest in materials science. I guarantee that he will be fooled! I have a deep understanding of this, so now I only believe in teams led by doctoral or postdoctoral supervisors. I will never invest in others. I also advise everyone not to dream!"

"Whether you believe it or not, I believe it!"

Starting a business in such a bad economic environment in the next few years is courting death, unless the other party's project is new enough.

"I wonder what our project initiator thinks?"

Ji Donglai had said so much that the host couldn't insist.

Investors on site also started to become cautious at this time, and the project initiators had no choice but to withdraw. The next few projects were all traditional projects, and they just had to cooperate in the show.

Ji Donglai also gave some wonderful comments. The whole recording lasted two and a half hours and was eventually edited to an appropriate length. Ji Donglai did not stay there for too long.

When they came out, Qiu Haitang was already waiting outside, and the two of them went straight to Qiu's house with their things.

Mr. Qiu and his family were already waiting. During the live recording, someone directly gave Qiu Yuzheng the live broadcast. The old man watched the whole process. Compared with the last time they met, Qiu Yuzheng's shoulder straps had obvious changes, and his speech became more sonorous and powerful.

"Grandpa, Dad..."

"Hurry up and sit down, good boy!"

Ji Donglai was very well-behaved when he brought gifts to the two men in the family. Compared with last time, he was extra respectful this time.

Qiu Ranran's family also came, and they sat at two tables in total. The third table was occupied by Mr. Qiu's former subordinates, and the fourth table was occupied by Qiu Yuzheng's comrades-in-arms. To Ji Donglai's surprise, the female host was also at the fourth table.

Ji Donglai toasted at each table one by one. Almost everyone knew Ji Donglai, and everyone drank respectfully, just for the cheap drones that the other party had made for the country. Now several models of fighter jets have all been purchased.

"Donglai, you did a good job recording the show today. Yingzi said you criticized the young man who made the material."

The old man couldn't eat much, and everyone started chatting. Ji Donglai was only surprised for a fraction of a second.

"Yes, these three years are not suitable for young people to start a business. As the saying goes, when the big river is full, the small rivers will be full. In the next few years, the world economy has entered a period of transformation. There will be a lot of variables. Let's put it this way, the economy this year will be very bad, but looking back three years later, this year will be the best year in these three years."

Ji Donglai directly quoted an economist's point of view. Mr. Qiu was stunned. The host Yingzi also said hello to her husband and came over to listen.

It was only at this time that Ji Donglai realized that this was a distant relative of Mr. Qiu, who worked very hard and made it to the capital, and now has become a hot figure on the show.

"Dongla, is it that serious? Some of our economists say the economy will get better, and they have a basis for their claims!"

Yingzi was drinking beverages, all of which came from Yakou Village. Ji Dong looked around and then looked at Qiu Haitang.

"Let's talk. We are all family. Our words will not be spread out."

Knowing that Ji Donglai didn't want to get too involved at this level, Qiu Haitang gave Ji Donglai an encouraging look.

Qiu Yuzheng's lover over there felt a deep sense of satisfaction in his heart.

Apart from anything else, Ji Donglai's sense of propriety far exceeds his background.

Showing off and getting lost are the biggest shackles for the entire lower class. They have seen too much, and when they reach a certain level, they start to speak without restraint, and eventually they ruin a good hand.

"Dongla, let me get you a glass of juice. We don't need to compete with each other in drinking among our own family. It's okay!"

My son-in-law is my own. Protecting him is protecting my daughter, said Mrs. Qiu as she walked into the kitchen.

"Thank you mom!"

"Sister Yingzi, this is it. In economics, there is a term called bad debt rate, and in business, there is a term called accounts receivable and debt ratio! The structure of European and American countries is the corporate structure, especially the American countries, which are generally in a lot of debt now."

"These debts are owed to developing countries like us, as well as some internationally renowned financial consortiums. Take the United States for example, its tax revenue is nearly 860 billion US dollars per year."

"But its debt is 38 trillion US dollars, and its debt to us is nearly 1 trillion US dollars. There are also so many developing countries that are its creditors."

(End of this chapter)