Two generations of military wives compete for time
Chapter 378 Asian Financial Crisis
Grandma Chen Yalu said: "Back, back, back to the Chen Mansion. Mengwei, Jinting, Leyuan, Yizhen, Ruolan, Wang Min, thank you for helping me realize my dream of coming to Hong Kong. I am so contented and have no regrets in this life, hahahaha."
Qian Yizhen said: "Grandma, Grandpa, please wait for two or three days. Our Minzhen Qizhi Travel Company is negotiating a cooperation agreement with a travel company in Hong Kong.
Once the deal is done, travel agencies in both places can organize domestic tourists to travel to Hong Kong at any time, and Hong Kong compatriots can also travel to China at any time. At that time, the elderly in the care homes can also come to Hong Kong to see the world. "
Grandma Chen Yalu said, "Okay, okay, Yizhen, go and negotiate the agreement. Your grandma Lu Jingde has wanted to come to Hong Kong for a long time. When we go back, let her be the first to join the tour group to Hong Kong. I will arrange a number for her first."
Wang Min said, "Grandma, I got it. When we get back, we will first organize a group of relatives and friends to try out Hong Kong for free. Hi, hi, hi."
On the morning of the second day after Hong Kong's return to China, my cousin Chen Jinting was practicing Tai Chi on the terrace while listening to the news report: "The news that the financial crisis has swept Thailand." The news lingered in my ears and echoed in the air for a long time.
Qian Yizhen, Yang Ruolan, and Wang Min returned to the Chen family villa after a morning run. Their cousin Chen Jinting called out to them, "Yizhen, go to the living room and turn on the TV to watch the news. Thailand has already experienced a financial crisis."
At ten o'clock, cousin Chen Mengwei hurried to the Chen villa and called cousins Chen Jinting, Qian Yizhen, Wang Min, Yang Ruolan, Chen Leyuan, and Xia Bing to a meeting to further analyze and discuss the development trend of the Asian financial crisis and the avoidance measures that need to be taken,...
On July 5, Qian Yizhen, Wang Min, grandma Chen Yalu, grandpa Lu Kaipu and Xia Bing took a business car from Hong Kong to Shenzhen, and then took a train from Shenzhen back to the Chen Mansion in the northern provincial capital.
Xiangxiang, Ganggang, Junyan, Junge, Feiyan, Feixiang and Wang Hong came home from school one after another. They were especially happy to see their mother return.
Grandma Lu Jingde, supported by sister-in-law Hao Xia and uncle Chen Zhuoran, came to the Chen residence. Old friends met and had endless topics to talk about. Grandma Lu Jingde said, "Sister Chen, brother Lu, how is Hong Kong? Let me see if you two have changed. Where are the photos? Bring them out so I can see what you two look like in Hong Kong."
Grandma Chen Yalu said: "Sister Lu, the trip to Hong Kong made me feel younger. I tried a lot of new things that young people play, such as watching horse racing, riding yachts, eating delicious food, etc. It was so exciting and fun. It was worth the trip.
I will definitely ask Yizhen, Wang Min, and Yang Ruolan to take you to Hong Kong. It’s not enough to just listen to me. You have to actually go to Hong Kong and experience it to know the charm of Hong Kong, hahahaha.”
Grandma Lu Jingde glanced at Yizhen, Wang Min, and Yang Ruolan and said, "Did you three hear me? Please arrange time to accompany me to visit Hong Kong as soon as possible. I am 94 years old this year, and God has given me little time. If I can go to Hong Kong and see the Pearl of the Orient before I die, I will die without regrets."
Wang Min said, "Grandma Lu, don't worry. I promise that during this summer vacation, I will make your wish of visiting Hong Kong come true. At that time, Uncle Chen Zhuoran, Sister Hao Xia, Bo Xiang, Bo Wen, Professor Jiang Yuhan, Xiang Xiang, Gang Gang, Jun Yan, Jun Ge, Fei Yan, Fei Xiang, Maomao, Wang Hong, and Cui Qinghe will form a tour group, and they will be equipped with full-time medical staff and tour guides. I will lead the group personally, and we will travel around Hong Kong. How do you think?"
The children were immediately excited, "Wow! We are going to travel to Hong Kong this summer vacation, that's great." Housekeeper Li Xiaoquan and Qian's father silently appreciated the joyful scene in front of them with a smile on their faces, and they deeply felt that happiness is contagious.
In sharp contrast to the children's laughter and joy, the Asian financial crisis was spreading rapidly with unstoppable force.
Qian Yizhen carried a radio with him and listened to it wherever he went. Professor Jiang Yuhan said, "Yizhen, what's wrong with you recently? Are you being controlled by the radio? Is the financial crisis really that scary?"
Qian Yizhen said: "The Asian financial crisis is imminent and will have a devastating impact on Southeast Asian countries. Its severity is not only reflected in the collapse of the financial market, but also has a profound impact on the stability of social, political and economic structures.
News broadcast, bad news continues:
1. On July 1997, 7, Thailand announced that it would abandon the fixed exchange rate system. The Thai baht plummeted 2% against the US dollar in a single day, and then continued to depreciate by more than 17%. The collapse of the Thai baht led to the depreciation of currencies in Southeast Asian countries.
Experts estimate that currencies such as the Philippine peso, Indonesian rupiah, and Malaysian ringgit will collapse one after another, with the Indonesian rupiah falling as much as 72%, and even an extreme situation where 1 US dollar can be exchanged for 10,000 Indonesian rupiah.
2. Before the crisis, Thailand's foreign exchange reserves were only US$380 billion, but its foreign debt was as high as US$1060 billion. The debt structure was mainly short-term foreign debt, and ultimately the country went bankrupt due to its inability to repay.
3. South Korea was forced to seek help from the International Monetary Fund (IMF) and accepted a $580 billion emergency loan, with conditions including opening up financial markets and tightening policies, which triggered large-scale domestic protests.
Professor Jiang Yuhan said: "God bless, the Asian economic crisis will not affect China, Hong Kong, or the Chen Group."
Qian Yizhen said: "It is impossible not to be affected in this big environment in Asia. We can only take measures to minimize the losses. My cousin Chen Mengwei and my cousin Chen Jinting have already started taking various measures last year, such as transferring funds in Hong Kong, accelerating the pace of upgrading domestic textile machinery and equipment, and reducing trade with Thailand, the Philippines, Indonesia, Malaysia and other countries. So far, the effect is good."
Professor Jiang Yuhan said: "Yizhen, let's not talk about the Asian financial crisis. This topic is too heavy. I don't think it will have much impact on the Dream Come True Group. I have something happy to tell you. The construction of the Daoguan Branch of the Provincial Textile University has been completed. The school invited us to attend the completion ceremony and invite you to give a speech on stage."
Qian Yizhen said: "This is good news. We should prepare well and celebrate it well."
Professor Jiang Yuhan said: "The leaders of the Provincial Textile University are very grateful to the Dream Come True Group for its strong support and help in the construction of the branch school. We would like to name the branch school "Dream Come True". We will send a letter in a few days to solicit your opinion. I will let you know privately."
Qian Yizhen said: "The leaders of the Provincial Textile University want to name the branch school "Northern Provincial Textile University Dream Come True Branch School?"
Professor Jiang Yuhan nodded and said, "Yes. I have asked Taoist Priest Yuan Yanqin to calculate it, and it is OK."
Ding-ling-ling, Yang Ruolan called and said, "Yizhen has two good news for you. Xia Bing is pregnant, and Xia Bing's godmother Fu Minghui will be released from prison on the 10th of next month.
I asked Taoist Priest Yuan Yanqin to calculate an auspicious date for Chen Leyuan and Xia Bing to hold their wedding. When are you going back to the Chen Mansion? Let's go and discuss with grandma about Chen Leyuan and Xia Bing's wedding and fulfill Grandma Yalu's wish for them to hold their wedding at the Chen Mansion."
Qian Yizhen said, "That's great. It's really a series of happy events. Tomorrow is Saturday. I will go back to Chen's house this afternoon..."
Grandma Chen Yalu said: "Let's set the wedding date on the sixth day of the first lunar month. It will be during the Chinese New Year when relatives and friends from all over the world come back to celebrate the New Year. It will be more lively and festive when everyone gets together."
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