We are all reborn, who wants to be the richest man?

Chapter 525 Pangu - The Star of the Magic City

The Bund, a vast expanse of foreign land, is the starting point of Shanghai’s modernization.

What was it like standing on the Bund and looking across the Huangpu River? Bungalows were everywhere, and chimneys stood tall.

Now? There are many construction sites.

"One leader, three centers, we will definitely implement this national strategy resolutely."

Due to the Far East Group's large-scale investment in Pudong in advance, the developed and open Pudong New Area was officially established in June 1989.

The leader is the development and opening up of Pudong, and the three centers are financial, economic and trade centers, which will drive the leapfrog development of the Yangtze River Economic Belt.

"In order to develop Pudong New Area better and faster, we have formulated a total of ten measures.

The first is the 15% corporate income tax, which will be exempted for two years and reduced by half for three years over a ten-year period.

Second, materials imported into the zone are exempt from import tax and value-added tax.

Third, enterprises in the zone can replace imports with domestic sales and sell them after paying taxes.

Fourth, foreign investment is allowed to build airports, ports, railways, roads, power stations, water conservancy and other energy and transportation projects in the zone.

The tax will be reduced by half for five years starting from the year of profit.

Fifth, foreign capital can be used to run the tertiary industry. For those that are not permitted by current regulations, they can be used to run commercial and financial businesses with approval.

Sixth, foreign capital can establish banks, branches, insurance companies and financial companies.

Seventh, it is possible to set up a bonded area and engage in re-export trade and export business.

8. Chinese-funded enterprises in the zone can also enjoy income tax reduction or exemption.

Ninth, the land use rights within the district will be transferred for a fee for a period of fifty to seventy years.

Tenth, all the newly added fiscal revenue will be used for the further development of the new district."

On the eve of the Spring Festival in 1990, an old man stood on the other side of the Huangpu River, looking at Pudong and listening to a report.

"How do we solve the money problem?"

If we want to build, we must first face the problem of demolition and the seven connections and one leveling.

“We are planning to develop the Jinqiao and Waigaoqiao districts first.

In the short term, each of the two regions will have to invest at least 100 billion RMB, and in the long term, more than 100 billion US dollars.

To this end, we have proposed three plans to solve the funding problem in parallel.

One is to find money from land use rights, and the other is for the two regions to set up a joint-stock development company and raise funds through investment promotion.

Finally, as for the financial market, the Shanghai Stock Exchange is almost ready, and the two companies will go public for financing."

After hearing this, the old man was even satisfied, but still a little annoyed.

“The development of Shanghai is still late. Guangdong Province faces Hong Kong Island, while Fujian Province faces Taiwan.

But Shanghai is different. It reaches deep into the inland through the Yangtze River, which can drive the development of the entire Yangtze River coast and face the whole world."

Seeing that no one spoke, the old man smiled and pointed to the busy construction site on the other side and said, "Is this the land that Mr. Luo wants?"

"Yes, it can be said that we have occupied the best piece of land in Pudong."

"Hahahaha, that's right.

The best companies occupy the best locations, and the best landmark buildings are built in the best locations.

If they build it in the middle of nowhere, what’s the point? It’s a loss for both sides.”

“I agree with that. Although the construction of this land has only been underway for less than two months and no building features can be seen, the design alone is enough to inspire imagination.

According to the design drawings, this place will be no less than Manhattan with its tall buildings, if not better."

For such a large overall project, various designs have begun from the moment the result is known.

However, Luo Nianzhong felt that these designs were not good enough. Finally, he combined what he knew about later buildings with the designs of Far East Land to come up with the final solution.

The entire preliminary design took more than a year, and the official groundbreaking ceremony was held on December 1989, 12.

The Lujiazui three-piece set is definitely a must, but this time, Luo Nianzhong used a set similar to the one in Malaysia's Petronas Twin Towers plus the Capital One Building.

The Twin Towers are in front, and the Huaxin Building is located behind the two towers, like two generals standing in front of an emperor. From this location on the Bund, you can see the entire three-piece suit clearly.

In addition to the three-piece suite, the entire four square kilometers of land is surrounded by tall buildings, like a group of guards surrounding the entire Pangu Magic City Star project.

This time, Luo Nianzhong did not ask the designers to open up the entire underground like Canary Wharf, but instead used the skywalk.

The corridor is very wide. It not only connects the buildings but also serves as a sky bridge, which is inspired by Hong Kong Island.

And because of its width, the two sides of the corridor will be designed with flowers to form a sky garden structure.

Inside, there are convention and exhibition centers, pedestrian streets, Far East shopping plaza, residential areas, gardens, schools, people's livelihood projects and so on.

When the entire Pangu Magic City Star project is completed, it is expected to accommodate 12 to 15 people to work and live here.

"We must seize this opportunity. The Far East Group has a huge influence in all walks of life around the world and will sway the decisions of many foreign investors."

Last June, the United States suddenly turned against China and led more than 20 countries to impose sanctions on China.

In just half a year, the growth rate of rabbit trade dropped from 11% to 4%.

“Faced with capitalist sanctions, we have no cards to play.

But don’t worry, Welch and I met and talked once, and he thinks the sanctions will not last long, and the sanctions group will collapse within two years.

In fact, Welch was also worried at first, fearing that the Far East Group’s layout in Rabbit would be affected. However, after Luo Nianzhong came back, he had a deep talk with him and dispelled his concerns.

The first are the island countries, whose asset bubbles have burst and for economic reasons they cannot withdraw from the rabbit market.

Leaving aside other aspects, private economic cooperation will definitely be strengthened.

Then there is the United States, where internal opinions are constantly divided, with some advocating broad sanctions and others not wanting to go too drastic.

It can be seen from the fact that the United States announced sanctions and began to formulate relevant policies like squeezing toothpaste that if Big Brother does this, Europe, which still wants to make money, will definitely follow suit.

Welch went to Beijing only to recount Luo Nianzhong's analysis, so the old man is not worried at all now. Rabbit is looking for a breakthrough based on this.

However, the best breakthrough is definitely to let the other party see that there are huge benefits to be gained, so the investment of the Far East is crucial.

"Construction alone is not enough. Real estate is important but it is not the Far East's forte."

They are all smart people, so how could they not understand what the old man meant? No matter how many high-rise buildings are built, it will be useless if no enterprises move in. The most important thing is the settlement of Far Eastern enterprises.

"Don't worry about this. I just came back from Hong Kong Island and talked with various groups in the Far East. It's not an exaggeration to say that I gained a lot.

The first is the Waigaoqiao Free Trade Zone, where the Far East Trading Company has agreed to register and establish Shanghai Far East Trading Co., Ltd., becoming the first wholly foreign-owned trading company.

There is also AIA, which has purchased a 11000-square-meter piece of land from Far East Land, where it will build the AIA Greater China Headquarters Building, which will become part of Pangu Magic City Star.

This will be our first foreign-funded insurance company, and it may be the only one in the future."

As for why it is the only one, needless to say everyone understands.

"In addition, banking, large retail malls, logistics, shipping, etc. will all come in.

Mr. Welch’s meaning is very simple. The Far East Group is optimistic about our future and will spare no effort to invest in our development.

However, Mr. Welch also raised suggestions and concerns, namely the port issue.

President Welch proposed that if Shanghai is to occupy a certain position in the world economy and drive the development of the entire Yangtze River coast, deep-water ports are of paramount importance.

He said whether Shanghai can take off and become a world-class metropolis depends on when the deep-water port is built.

After hearing this, the old man pondered for a moment and said, "You can make a detailed plan and submit it."

Deepwater ports are very important. Historically, before 2003, there were only twenty deepwater ports in the world, and Rabbit had none.

You have to know that global shipping accounts for the largest proportion, so the country with more developed ports will be better.

Why is the U.S. economy so good? Technology is one reason, but the fact that it faces two oceans and has good ports on both sides is the biggest reason.

Wasn’t it after the completion of Yangshan Port that Shanghai and the Yangtze River Delta truly began to export their products to the world?

"I will do it as soon as possible. Mr. Welch is very optimistic about the construction of a deep-water port in Shanghai and suggested that Far East is willing to invest if capital turnover is difficult."

It is impossible to build a deep-water port at the mouth of the Magic City due to the silt, but there are always more solutions than problems. I brought up Welch to tell the old man this.

This is the credit of our Shanghai. Don’t let someone else build the port in the future.