I Have 10 Trillion Dollars only Usable For Simping
Chapter 782 - 590 Morning Run_2

Chapter 782: 590 Morning Run_2

Jiang Chen was very calm as he answered, "Because there’s no other choice."

Study economics.

The rent economy formed around real estate is an unavoidable aspect.

Not just in Shenzhou, but also the neighboring Yuebei, next door in Dongying, and even further away the romantic Turkey, countless countries around the world are investing their utmost efforts into piling bricks and tiles on housing prices.

"Why is there no other choice?"

Cao Jinse looked at the man younger than herself with interest.

Jiang Chen knew that the other party was testing him. To make a good impression on a woman like Cao Jinse, the allure of money alone was far from enough.

"There are three types of countries in the world: developed countries, developing countries, and poor countries. Internationally, to save face, poor countries are also classified as developing countries, but the difference is huge. And for developing countries to become developed countries, industrialization is inevitable."

"And for industrialization, you have to purchase advanced technology from the West. For technology that’s not for sale due to embargoes, you have to develop it yourself. Jinhai Investment spent 5 billion in the electric vehicle field, just building a factory in Hancheng, and the R&D costs are even more expensive. Technological innovation and research are money-burning endeavors, on this matter, Miss Cao must understand deeper than I do."

Cao Jinse didn’t say a word, listening attentively.

"If you want to earn money, you always have to spend money first. To receive, you must give first. But for developing countries, if they had money, wouldn’t they just stop developing? Thus, when those countries want to develop, there are generally two ways to make money: one is taxation, the other is the sale of state assets."

Jiang Chen spoke calmly while Cao Jinse, unable to help herself, glanced at him and had to admit that this young fellow did indeed carry a certain charm.

Jiang Chen seemed to be unaware of Cao Jinse’s gaze. As he talked about his field of expertise, his scholarly side began to emerge.

"Everyone knows that taxation faces great resistance, especially in developing countries where most are poor. If you scrape them again, they might rather die as a soldier than suffer as a farmer. Hence, that road is impassable. Taxation is not viable, which leaves only selling things. For energy-rich countries, they sell oil and natural gas. As for Africa, even if they have mines, they lack the capability to exploit them themselves, so they might as well sell the mines together with the land. For countries without mines, the only option is to sell the land. To ensure land fetches a high price, it’s essential to develop real estate."

"What does ’Africa’ mean?"

Although she knew it wasn’t very polite, Cao Jinse couldn’t resist interrupting, finding it amusing as a smile crept unwittingly onto her face.

"It refers to our friends over in Africa."

Jiang Chen gave a light cough as he explained.

"Oh."

Cao Jinse had a sudden realization, and said with interest, "Please continue."

"Undoubtedly, developing real estate can drive up land prices, providing wealth for the nation to invest in development. On the other hand, real estate can promote urbanization by drawing the populace into cities, providing labor for factories, killing two birds with one stone. Thus, over the years, some experts have suggested that real estate itself is a kind of entry-into-city tax. Farmers who want to become city dwellers must buy a house. High housing prices are akin to an indirect tax. The act of buying a house seems like a transaction, but in reality, it’s transferring money from one’s pocket to the state. Therefore, as many countries develop to a certain stage, they begin to engage in real estate development, with the government leading banks and property companies and using the advantage of public resources to attract the public to move into cities and buy houses. After earning money from selling land, they invest in infrastructure to attract foreign investment. Besides, real estate itself can drive employment in many related industries, so once the property market is developed, the national economy is bound to look better. Real estate is the only industry that has no technology threshold, yet its scale is astonishing."

Jiang Chen smiled, "But all things have two sides; there can’t be advantages without disadvantages. It’s like Saudi Arabia’s big oil families. They were supposed to earn money from oil and then invest in education and industrialization. But people are lazy by nature, and if selling oil is already profitable, why bother with the exhausting work of opening factories? So when all resources flood into real estate, it will inevitably lead to a real estate bubble. The domestic real estate carriage has already traveled the distance it should, now approaching the edge of a cliff."

"Not bad at all, no wonder you received a scholarship," Cao Jinse complimented.

Jiang Chen was neither arrogant nor restless, "Discussing these matters in front of Miss Cao is like showing off my slight skill before an expert."

Therefore, it’s unfair for ordinary people to blame the exorbitant housing prices entirely on the real estate enterprises.

It’s when the dragon of the East is in the midst of its resurgence that it needs the fiery real estate sector to provide momentum.

Especially for leading companies like Jiuding Group.

They venture into real estate, certainly not just for profits, which is why they can depart without regrets when society no longer needs this industry, having completed their contribution.

"Excessive modesty is actually pretentiousness, you know."

Cao Jinse stopped, facing Beipo Lake.

The morning sun slowly climbed the sky, scattering dawn’s light across the land.

"You’re right," she said.

She leaned on the lakeside railing, exhaling, "Shenzhou owes its prosperity today largely to the contributions of the real estate industry."

"No."

Jiang Chen stood beside her, also facing the rippling Beipo Lake, "It’s owed to the sacrifices of the people."

Cao Jinse was taken aback, turning her head involuntarily; the clean profile that met her eyes emanated a tranquility beyond his years.

Cao Jinse couldn’t help but recall a saying.

When a person possesses a charm that his age does not warrant, it must be because he has experienced all the misfortunes of his years.

"You’re right."

After a brief moment of absence, she withdrew her gaze, looking back at the lake, "The grandeur Shenzhou exhibits today, all credit goes to the selfless dedication and sacrifice of its people. The people of Shenzhou are the greatest."

Jiang Chen fell silent for a while, then turned his head too, looking at the profile only a half shoulder away.

"Miss Cao, you seem different from other scions of wealth and power."

"Scions of wealth and power?"

Cao Jinse began to laugh, seemingly amused by the description. She continued to gaze at Beipo Lake, the smile on her face perhaps the most "out of line" since Jiang Chen had known her.

"Who told you I was a scion of wealth and power?"

"That’s what everyone says."

Jiang Chen was unbothered.

Cao Jinse tilted her head, the ponytail at the back of her head swaying slightly with her movement. She sighed, "A repeated rumor becomes a conviction. How can one believe rumors? Just like you, I’m nothing but an ordinary person."

"I’m flattered." Jiang Chen said.

Cao Jinse gave a wry smile, "Come on, what kind of ordinary person are you? No ordinary person is like you."

Jiang Chen remained silent.

Cao Jinse looked at him for a moment, hesitated, and finally turned her gaze towards the distant shimmer of the lake.

"I agreed to cooperate with you because I believe it’s the right thing to do. It can both provide timely help to those in need and, to some extent, stimulate consumerism. I’ve always believed in right versus wrong, success versus failure. Doing the right thing means success, doing the wrong thing means failure."

Cao Jinse spoke at an even pace, "Kazuo Inamori wrote an article stating that if a person does something bad in the morning and suffers retribution by afternoon, everyone would believe in karma. But karma doesn’t manifest immediately. Karma and its consequences arise from circumstances; if there’s fate, the consequences will appear. Within three years, 50% of karma will have its retribution. Within thirty years, 90% of karma will."

"And the remaining 10%?" Jiang Chen asked.

"The leftover 10% might never see retribution until death, and that’s because of past and present lives."

Cao Jinse said, "From the perspective of two lifetimes, karma is absolutely precise. Thus, every choice in life becomes very simple. If you believe something is right, do it, because karma will surely grant the reward you deserve."

Jiang Chen somewhat understood her underlying intention.

She was guiding him toward "goodness," or rather, reminding him.

Keep in mind.

Cao Jinse was not just a simple entrepreneur.

Money talks.

The power of wealth is unimaginable, it’s like a ferocious beast with destructive power. When driven by someone with sinister intentions, the outcome is unthinkable.

"I’ve learned my lesson."

Cao Jinse took a deep breath, turning around, "Did you rest well? Let’s continue running."