1991 Starting from the core - Chapter 1007

c1005 Come as you say

“We all know that the most profitable Internet company in the world is ESO, so much so that since ESO took the first place in the ranking of Internet companies, it has never been ranked first. Last year, it even surpassed Microsoft – if it were not for the great success of win10, Microsoft would I’m afraid I have to give up my position as the number one technology company in terms of market capitalization.”

When Su Yuanshan said this, he paused, laughed, and teased his friend from a distance: “Of course, we know that the law of Microsoft’s popularity has never been broken. So I bought Microsoft stocks not long after win8 came out. Now look at It’s gone up a lot.”

Several people suddenly laughed.

“Why is ESO the most profitable Internet company? Many institutions in the industry have made a lot of analysis, and the angles cover almost every aspect. But in my opinion, the most fundamental reason is that ESO’s market entities are Western countries. ”

“We have to admit that even after 30 years of rapid development, the countries with per capita GDP in the world that exceed ours still have 1.2 billion people in total, and we are only at a mid-range level.”

“So we can see that eso, which almost monopolizes the advertising and service businesses of all Western developed countries, has far more revenue than internet companies that focus on domestic business – why are there so many domestic innovations in the mobile Internet? , to put it bluntly, it’s still hard to make money… If you can live a prosperous life just by monetizing traffic and advertising, who would go to all the trouble to deduct a few cents from people’s pockets?”

“And we can see from the financial reports of multinational companies such as EM and Newbook that have entered the international Internet and Silicon Valley a long time ago that most of their income comes from overseas.”

“I won’t talk about the game industry. Our game industry is the main force in attracting overseas money.”

“Once these enterprises are hit… it will be really devastating – that’s why the top management started to promote the establishment of an internal circulation market in the past few years. But we know that it takes time to establish an economic cycle. And … The country is indeed not too wealthy.”

At this time, Yong Ping interrupted and asked: “Last year our per capita GPD exceeded 10,000 US dollars, right?”

Su Yuanshan nodded: “Well, if it were not corrected, it would have exceeded 10,000 the year before last.”

Huo Jianning immediately looked at Su Yuanshan: “Middle-income trap?”

As an economic and investment expert, Huo Jianning’s height and vision have also increased since he joined Yuanxin. When he saw Su Yuanshan and Duan Yongping mention GDP per capita, he immediately realized that these two people were worried that the country would enter the middle-income trap. .

The basic meaning of the concept of “middle-income trap” proposed by the World Bank in a 2006 report is that few middle-income economies have successfully become high-income countries, and these economies often fall into stagnant economic growth. In this period, it can neither compete with low-income countries in terms of labor costs nor compete with rich countries in the development of cutting-edge technologies.

There are many examples of people falling into this trap, including Brazil, Argentina, the Philippines, Thailand, etc.

And the only examples of success… are probably the Four Little Dragons. But among the Four Little Dragons, there are two regions and two countries, and their characteristics are “small”.

After entering the new century, no major country has successfully broken through and become a developed country.

Su Yuanshan hummed slightly, frowned slightly, and said after careful consideration: “For us, the middle-income trap is just a wait-and-see view of domestic development trends by the economics community. Personally, I am very optimistic about our entry into developed countries. The industry is confident – but because our size is so huge… developed countries can form natural allies to curb our rise.”

Speaking of this, Su Yuanshan felt a little sad.

Domestic development, of course, is much better than in history. Especially in the semiconductor and Internet IT fields, China has become the biggest winner in the information age.

But the country is not without its weaknesses – on the contrary, due to its long-term anchoring to the U.S. dollar, although the country has become the world’s factory, it is also reflected in the serious lack of monetary influence and is extremely vulnerable to the influence of U.S. dollar policies.

To put it bluntly, the status of soft sister coins is seriously inconsistent with the size and influence of the domestic economy – of course, this is one of the reasons why the United States has never turned its back on it before. Because in a sense, being pegged to the U.S. dollar is also a domestic push for the U.S. dollar, thereby helping to achieve U.S. dollar hegemony.

But now that’s a bit too straightforward.

In addition, the current situation is completely clear – when there is no hope for a new industrial revolution in a short period of time, the direct consequence of the rise of an emerging industrial country is to continue to snatch the dividends of developed countries… To put it bluntly, the world The economic pie is not growing as fast as the demand in a huge economy with a population of 1.4 billion.

“So, there are major changes unseen in a century… This sentence is correct, the world is about to be reshuffled.”

Su Yuanshan said and looked at He Wei: “In the process of reshuffling, whoever can seize the opportunity and get on our car will get greater benefits in the future cake – this is how we can differentiate Opportunities in developed countries’ natural front.”

He Wei had been listening carefully since entering the office. At this time, she nodded slightly and said, “So we are going to find friends in Europe and then develop Africa together.”

“Yes! I also want to find friends in Asia, all the way to the Middle East.”

Su Yuanshan breathed out softly, raised his hand and looked at his watch: “That’s it for today? We’ll come back and sort out a plan for the domestic Internet and other investment directions, and then we’ll discuss it with the executive board.”

Everyone nodded, He Wei blinked: “Mr. Shan, where is the island?”

Su Yuanshan was startled slightly and coughed: “There are arrangements from above, so we don’t need to worry about it now.”

Just when everyone stood up and prepared to leave, there was a sudden knock on the door, and then Han Yiyi strode into the office holding some documents.

Facing everyone’s puzzled looks, Han Yiyi pursed her lips with a serious expression.

“What’s wrong?” Su Yuanshan thought a little, but his expression did not change. He looked at Han Yiyi and asked in a very ordinary tone.

“I just received news that four hours ago, the relevant departments there officially launched privacy and security accusations against Yuanxin mobile phones and other network products, and are now launching an investigation.”

Everyone turned back and looked at Su Yuanshan.

Su Yuanshan’s pupils shrank slightly, and he glanced out the window subconsciously.

I saw a haze outside the window, as if it was going to rain.

Really, come as soon as you say it?