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"", or search in Baidu: Sanlian Literature Network]. Over time, signs of overheating in Southeast Asia's economies have become more prominent, and central banks have resorted to higher bank interest rates to bring down inflation, but this approach has also provided many opportunities for speculation.

Even the banking industry itself is borrowing foreign currencies such as dollars, yen, and marks to speculate on foreign currencies and join the ranks of speculators.

The serious consequence of this is a huge increase in the short-term external debt of banks, which will lead to painful and large shocks in the event of a rapid outflow of foreign capital through the financial markets of various countries.

Central banks in Southeast Asia, while aware of the seriousness of the problem, are somewhat overwhelmed by open and liberalized markets.

Among them, Thailand is the most serious problem. Because Thailand had the highest degree of liberalization of the financial market in Southeast Asian countries at that time, Thailand was closely eyed to the US dollar, and capital entered and exited freely.

Thailand's economy has the most bubbles, and the Bank of Thailand has moved a large amount of foreign dollar loans into the real estate industry, resulting in a serious imbalance between supply and demand, resulting in a large number of bad debts and bad debts in the banking industry, and a serious deterioration in asset quality.

In the first half of this year, bad debts in Thailand's banking sector were estimated at $31 billion to $35 billion.

This, coupled with the irrational borrowing structure, has made the situation worse for the Thai banking sector. Ninety and half of Thailand's banking industry's overseas borrowings are short-term borrowings of less than a year.

In March, when the Bank of Thailand announced that nine domestic finance companies and one housing loan company had problems with poor asset quality and insufficient liquidity, Soros believed that the best time had come.

Soros and other arbitrage fund managers began to sell the baht in large quantities, and the Thai foreign exchange market was immediately choppy and volatile.

The Thai baht fell all the way, and within two months, it fell to a minimum of 26.7 baht per dollar. The Bank of Thailand has taken various emergency measures at the critical juncture, using US$12 billion in foreign exchange to buy Thai baht, raising the overnight lending rate, and restricting the lending behavior of domestic banks.

These strong measures have caused Soros's transaction costs to increase dramatically, losing $300 million at once.

However, Soros has confidence in his original theory of value, sticks to his point of view, and not only does not close the original position, but even continues to increase it.

The loss of $300 million can't scare off Soros at all, and he thinks that even if Thailand uses all its might, it will not be able to withstand his impact.

For the Thai baht, he is determined to get. What's funnier is that in order to raise funds, Soros actually found Fan Wuxi's door.

Fan Wuxi's income in the Hong Kong stock market is also huge, although it is a free ride, but Qin Rushan's operation in the stock market is also quite successful, especially with the support of the international financial management team under Fan Wuxi, he is full of confidence, coupled with tens of billions of dollars of financial support, his operation this time has made a lot of profits, Fan Wuxi's funds in the Hong Kong stock market have become 15 billion US dollars, and it is still continuing to climb along this slow cow.

At this time, although he had withdrawn $4 billion according to the agreement, his funds in Hong Kong stocks not only did not decrease, but increased, which made the monetary authority a little embarrassed.

For this reason, the Hong Kong side also sent a special person to visit Fan Wuxian and ask him to speed up the withdrawal of investment. Fan Wuxi's answer is that he can only do his best, otherwise if it causes violent turmoil in the Hong Kong stock market, I am afraid that international investors will feel that there is an opportunity to take advantage of it and flock in.

The Hong Kong government has also thought carefully about this explanation, and believes that Fan Wuxi's reason is also acceptable, but for such a huge amount of money dormant in the Hong Kong stock market, everyone's hearts are not steady, especially those local forces in Hong Kong, they are even more eager for Fan Wuxi to leave his own territory as soon as possible and toss somewhere else.

Therefore, the Hong Kong government hopes that the disaster will go down, and at present, international speculators are fighting around the Thai baht, so some people put forward this idea, hoping to lure Fan Wuzhi to the Thai market.

Someone who has been in contact with Soros's quantum fund told him that Fan's Investment Group is launching the Hong Kong stock market and has as many as billions of dollars in its hands, which may exceed tens of billions.

Soros was short of chips at this time, and when he heard that Fan Wuxi had so many idle funds in his hands, he immediately contacted Fan's Investment Group through connections like a wolf dog that smelled the scent of bones, hoping to meet Fan Wuxian.

(The latest and most complete e-book download S/O/S/O/9/9/9/9/.COM) For Soros's meeting request, Fan Wuxi was very hesitant, he didn't really want to meet with Soros, this guy is more stubborn, and extreme**, there is nothing good to talk about in contact with him, everyone's only topic, that is, borrowing money to repay money, so it is better not to see each other.

However, Soros is very interested in Fan Wuxi, in addition to wanting to borrow money, he really wants to see Fan Wuxi, after all, people in the circle feel more mysterious about this economic prodigy who has no end in sight.

"Then let the mystery continue." Fan Wuxian said to the messenger. Although Soros got two batches of a total of 10 billion US dollars, he did not see Fan Wuxian himself, so it cannot be said that it is not a pity, it is very good, now the cannonballs are sufficient, and he can enter Thailand and fight the Thai baht again.

By the end of June, Soros raised a larger amount of money and launched a fierce attack on the Thai Railway, and the major exchanges were in chaos, the Thai baht fell sharply, and traders frantically sold the Thai baht.

The Thai government has used $30 billion in foreign exchange reserves and $15 billion in international loans in an attempt to turn the tide.

However, this meagre $45 billion is a drop in the bucket compared to the sky-high level of international travel funds, and it is of no avail.

During this period, two more reservoirs were built, and now four sub-reservoirs have been completed, and by the end of the year, it is no matter how much the two other sub-reservoirs have been completed.

At the beginning of the year, he stepped up the work of some county-level characteristic economic pilot work, and at this time he has seen the results, whether it is the planting of some special crops for export, or the development of the county-level tourism economy full of Jiangnan sentiment, all of which have achieved rapid development with the support of Fan Wuji.

At this time, just the planting of special crops in 26 counties on a pilot basis can increase the economic income of the entire Jiangnan Province by more than 6 billion yuan this year, which can be regarded as a big breakthrough.

The importance of this matter is not only to improve the economic situation of some agricultural mountainous counties, but also to make everyone see clearly that economic development can only be achieved through comprehensive industrialization, and even small-scale peasant economy still has merit.

Therefore, there is also a lot of discussion in the province at this time, and cities and counties all hope that in the second half of the year, they can lay out the planting of special crops within their own administrative areas, and follow the practice of pilot counties and cities.

But the attitude in the province is very firm, the development of characteristic planting industry is possible, but can not be blindly developed, to develop in accordance with the scientific setting, in short, to conform to the scientific concept of development.

Therefore, the decision of Jiangnan Province is to divide the administrative areas of the province into several cash crop cooperation zones according to regional characteristics, breaking the constraints of administrative divisions and realizing the mode of unified cooperation according to the characteristics of resources.

Then, in each economic zone, we will adapt measures to local conditions and give priority to the development of superior resources in our own regions.

In this way, the benefits can be foreseen, which will not cause disorderly development and vicious competition, ensure the formation of large-scale industries, form a certain scale of market supply, and have a say in price when exporting to foreign countries.

When it comes to the export of agricultural crops, the choice of pricing power is also an important issue in foreign trade.

Many past experiences have proved that the vicious competition in China has caused the price of foreigners to be lowered many times when selling to foreign countries, and high-quality goods cannot be sold at high-quality prices, which cannot but be said to be a matter of sighing.

For example, domestic shiitake mushrooms are very popular in the overseas market, but the price has not been sold, the main reason is that there is no large-scale planting, and it is inconvenient for people to put it away, and the other reason is that foreign businessmen or agents have mastered the specific situation when they buy, so they reduce the price one by one, so that everyone has little profit to make, and sometimes it is basically flat in and out for shipments.

Therefore, when Fan Wuxian made a suggestion to his father Fan Heng, he specifically mentioned this point, in terms of external sales, there must be a relatively centralized industry association organization to set the price, at least set a minimum price, once some units are sold below this price, they should be deprived of their power in the industry association, and any activities in the future will not be included.

In this way, the benefits of each industry can be maximized. Of course, this is only for the overseas market, as for the domestic market has no impact, after all, the domestic market sales, there is no market access system at all, and for overseas sales, a large part of the power is in the hands of the government, fully capable of reasonable guidance and regulation.

By the end of June, Fan Wuxian had withdrawn $12 billion in Hong Kong stocks, far exceeding his commitment to the Hong Kong Monetary Authority, but the funds he left in Hong Kong stocks were still as high as $8 billion, which made him feel a little embarrassed, and he really made too much money.

"Why don't we donate some money to build something in a university in Hong Kong? At least it means that it will give back. Fan Wuxian discussed it with his subordinates, and everyone thought that this idea was not bad.

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