My American magical life
Chapter 868 - 868 52 The Wind Rises at Nanhua 5_4

868: Chapter 52: The Wind Rises at Nanhua 5_4 868: Chapter 52: The Wind Rises at Nanhua 5_4 Chan, you’ve said too many hurtful things in order to get us to invest in that failing car company in Hua Country, which is fine, but it’s not very polite.

Wolf made a concluding remark, but there was a bitter tone to it.

Politicians can spout nonsense to woo votes, but capitalists will not betray their interests.

Mr.

Consul might be under some illusions about the power of America, but these heirs of America are clearly aware of the problems.

After all, one is a wage earner, the other an shareholder; their perspectives are entirely different.

Just as Mi’er said, Daqi must personally think about the really important issues and can’t always rely on the advice of think tanks, experts, and executives—those people are destitute and can’t fully understand the interests of a capitalist.

Cheng Daqi smiled at these friends with varying expressions, stood up and walked to his seat, pressing one hand on the chair, and announced the global car sales ranking for 2018.

“Volkswagen Group—Germany, Toyota Group—Japan, Renault-Nissan—Japan, General Motors Group—America, Hyundai—Korea, Ford Group—America, Honda Group—Japan, FCA—Italy, PSA—France, Suzuki—Japan.

Among the top ten car groups in the world, not one is from Hua Country, but Hua Country’s industrial strength is now the first globally—guess, how many Hua Country car companies will be on this list in the future?”

Wolf, who likes to surf the internet, looked at Cheng Daqi standing there with a smile, and thought of a meme often seen on forums.

A grim reaper holding a scythe is knocking on door after door, the doors he opened stand ajar, with bloodstains on the ground.

Now, the grim reaper is standing before ten new doors, each marked with the names of these top car groups, but with a big label on the reaper’s head—Hua Country cars!

“Tsk!”

Wolf laughed a bit and hurriedly took his cup to sip some water tactically.

He really was giving Cheng Daqi a lot of face and respect.

“Three companies?”

Zhao Hongjin, seeing no one else speak, decided to help Daqi break the awkward silence.

Cheng Daqi looked deeply at her and thought, Little Zhao, Little Zhao, how could I ever repay this?

“The specific number isn’t really the core issue; let me just briefly mention a few important messages.

First, last July, Hua Country reduced the tariffs on complete automotive imports and parts, bringing the car import tariff down to just fifteen percent—among the lowest in major global markets.

Second, last April, Hua Country removed the limit on foreign equity ratios in new energy vehicles and also plans to remove the foreign equity cap on passenger vehicles by 2022.

Third, throughout 2018, the financing amount for new car companies in Hua Country exceeded a hundred billion Hua Yuan!

Fourth, the peak of sales growth for the world’s top ten car companies in Hua Country was reached in 2016 and 2017, and in 2018, companies like Ford, General Motors, and Kia even began to see a significant drop in sales in Hua Country!”

Giorgio tightened his body with a serious expression, hearing from Cheng Daqi’s words the confidence of Hua Country in its own industry and seeing the rise of domestic cars in Hua Country.

Indeed, if it weren’t for tremendous confidence, how could they be so liberal?

“Dramatically reducing tariffs, opening up foreign equity, frequent industrial financing, severe market changes, well, Chan, I initially just wanted to come and see, but now you’ve genuinely piqued my interest—uh, don’t look at me like that, I like types like Wolf, I mean, I’m interested in investing in Faraday Future.”

Feeling a chill on his back, Wolf jumped and exclaimed.

“Giorgio, I consider you a friend, OK, although we’re both GAY, we’re just friends!”

“Alright, stop quarreling over this, Chan, I want to know, why isn’t Mi’er here?”

Sandi interrupted the affectionate squabble, looking seriously at Cheng Daqi.

They are all friends of Mi’er’s, and originally it was Mi’er who introduced them to Cheng Daqi, but now while Daqi is gathering everyone here, Mi’er isn’t present.

Indeed, Sandi thought she deserved an answer.

That’s just how culture in their circle is.

“We’re having some trouble with New Era; the California Senate is holding up New Era’s non-profit entity application, Mi’er is stuck in California and can’t get away.

Lao Jia, as the founder of Faraday Future, should have come with us, but he’s recently initiated a Cryptocurrency project, BEC, which you should’ve seen in the news—anyways, they’re all busy, so I had to come and host.”

Hearing this, Sandi shook her head silently and sighed.

“You guys are quite ambitious, thinking of turning New Era into a non-profit organization.

I’m not familiar with the California Senate, otherwise, I might have been able to help you.”

“Is the application for a non-profit entity hard to secure?” asked Zhao Hongjin.

Wolf started to explain, being familiar with Daqi’s endeavors.

“Not hard to secure, but usually these are smaller, denzed=format, decentralized organizations; larger ones usually operate in a decentralized approach.

It’s just that New Era Group is applying as one whole entity, and California is not a place dominated by the Republican Party, so it’s particularly difficult.”

Cheng Daqi waved his hands, jokingly reassuring everyone.

“Don’t worry, everything is steadily progressing; are you questioning Mi’er’s and my capabilities?”

Cheng Daqi’s statement was a bit presumptuous, Giorgio flicked a finger, discontentedly expressing,

“Ha, steadily progressing—we invested in OC and Mi’er has put money in LCE and BEC coin, and now both projects are not doing well, yet she contacted me to buy back the shares I hold.

You just mentioned that you want to turn New Era into a non-profit organization and incorporate OC into New Era, so where does that leave us investors?”

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