campus magician

Chapter 1605 The Mountain Rain Is Coming (27)
At that time, what did the textbooks of those idiots across the strait who transported all the resources away at the beginning of the founding of New China say about us?Said that we were so poor that we all grew up eating banana peels.

What can you do in 30 years?It takes only 30 years for a big tree to grow from a seed. However, in just 30 years after the reform and opening up, China has grown from a poor country to what it is today, a world-renowned powerhouse!

One after another, the group of idiots on the other side of the strait who didn't eat banana peels who grew up plundered the wealth of all of China and shipped it there, but now they are sitting on nothing, so what do they think of us?

Most people are envious. Of course, some people say that we are nouveau riche, but what's the matter with nouveau riche?

Su Jin thought for a while, and finally nodded in agreement with Gao Yuan's opinion.

Then Su Jin asked again: "You just said that Chinese leaders will reduce their holdings of US treasury bonds on the one hand, so there must be another aspect?"

Gao Yuan nodded and said, "Maybe some of the US national debt will be forgiven."

"Ah? Why is that?" Su Jin was puzzled.

It's not just Su Jin who doesn't understand. In fact, over the years, I have often heard that the Chinese government has forgiven the debts of many places.

Especially in Africa, the one-time exemption is calculated in tens of billions. It is often said that it is exempted. Many people complain that the Chinese government is too profligate. Is it not good to have this money to build Hope Primary School?It doesn't make a sound like this.

But it is not.

For example, if you start a business and owe a bank loan, if you borrow hundreds of thousands, it is a debt, and if you borrow tens of millions, it may also be a debt, and you will worry about your repayment ability.But if you owe one billion, tens of billions, or hundreds of billions, then you don’t have to worry about it at all, because you can’t afford it.

What will the bank do?What won't the bank do, take your business?That pile of broken copper and iron is not enough interest.The bank can only make you owe, but also let you operate, and let you manage better. Although they know that you will never pay these things in your life, but if you pay back a little, he will lose a little less. It is better than letting you do it now. It's over, the ability to repay a little bit in the future is better.

The same is true among countries. Knowing that others cannot pay it back, it is better to forgive this debt and exchange it for other benefits.

International prestige, international relations, exchange for cooperation in other areas, rights in resources, for example - oil.

Wait, wait, etc., the list of similar purposes is endless.

There is no reason why China waived loans to the African region. China is not stupid, China is very smart, otherwise how can it become strong?

What Gao Yuan said made sense, Su Jin nodded endlessly, and finally when Gao Yuan finished speaking, Su Jin said: "But this time the United States is doomed, and China holds so many U.S. treasury debts, no matter what, it is a big loss."

"That's not necessarily the case," Gao Yuan smiled again: "Everything has two sides. In fact, any crisis may appear to be a crisis on the surface, but if it is handled properly, it may not be an opportunity."

"How is it an opportunity?"

(End of this chapter)