My American magical life
Chapter 899 - 899 64 Come Watch the Fireworks 6

899: Chapter 64: Come, Watch the Fireworks 6 899: Chapter 64: Come, Watch the Fireworks 6 “Zeng Yuqun is no ordinary person; he is one of the most representative entrepreneurs in the country.”

“At the end of the 1980s to the beginning of the 1990s, when the wave of going into business rose, Zeng Yuqun had just graduated.

Catching the penultimate year of the college student assignment policy, he entered a state-owned enterprise.”

“Later on, he resigned and headed south to join a Japanese enterprise in Dongguan.

It took him ten years to climb from a technician to a technical director.”

“Around the turn of the millennium, he quit his job to start his own business in the field of consumer electronics-compatible lithium batteries, making impressive achievements that laid the foundation for his second venture to establish CATL.”

“Compared with entrepreneurs who got rich on privatization in the wave of reforms, Zeng’s first pot of gold was so clean it was almost hard to believe.”

“CATL is also a company from Southern Fujian, and it is one of the most representative high-level technology companies in Hua Country—it has become the undisputed leader in its industry.”

“As the car drove along the mountain road, Cheng Daqi sat inside, introducing Zhao Hongjin to the Buddha statue they were going to visit today.”

“It sounds like he caught all the right trends of the era, positioning himself perfectly in every stage of the industry’s development.”

“In the ’90s, he switched from a state-owned enterprise to a foreign one.

Before Hua Country entered the WTO, he resigned from his position as technical director to start a business.

He precisely entered the power battery industry before the state dramatically increased subsidies for new energy vehicles.”

“Just like you said, personal efforts are trivial in the face of the tides of the era.

It’s all about timing one’s actions, right?”

“It’s no wonder Cheng Daqi likes Zhao Hongjin.

She understands his thoughts, which is different from everyone else.”

“On the surface, Cheng Daqi is talking about Zeng Yuqun’s entrepreneurial history, but in fact, he’s reflecting on the grandeur of the era.”

“Yes, the power battery and lithium battery industries are extremely competitive.

American and Japanese companies have a huge early-mover advantage in them.”

“Nevertheless, there are still those who stand at the forefront of the tide.

It takes more than just making the right moves; it’s also about the individual and luck.”

“He entered the battery field before the consumer electronics industry boomed, accumulating experience and contacts in the industry.

These foundations were the core factors in the success of his two ventures.”

“Destiny is another part—individual and enterprise fates are inseparably linked to the country they are in, like Korea, which has great difficulty nurturing true giants.”

“Samsung, Hyundai, LG, and so on—while they seem prosperous, they are virtually American companies in terms of equity, not even Korean enterprises anymore.”

“So, if you want to build a career, right from the start you have to think about where the future space for development lies.”

Zhao Hongjin fell silent for a moment, her recent thoughts growing.

Peach Blossom Eyes girl retorted.

“Are you sure they are American companies?

Aren’t these kinds of big capital supposed to lack national characteristics?

“Or better yet, America can no longer control globally dispersed big capital.”

Cheng Daqi shook his head; he had already truly engaged in the deepest-level games of America and had deep observations and insights into this matter.”

“American internet giants often have many offices and subsidiaries in different regions of the world; they are representative of the global layout of capital giants.”

“But compared to internet giants, it’s the financial capital that holds shares in the world’s best companies that are truly indescribable.”

“For instance, Vanguard, such as Belled.”

“As investment companies, they hold shares in some of the world’s top companies to varying degrees; they are the ultimate form of capital.”

“However, even such formidable financial companies are still not beyond the order in America.”

“American power doesn’t reside in the hands of a few but in the hands of a collective.”

“Due to the division of state rights and federal rights stipulated by the Constitution, there is generally a strong presence of local factions in American states.”

“These local factions, for the sake of their own interest stability, have driven the political order of America to gradually evolve into a stable two-party system—making it convenient for them to sell their support to the highest bidder.”

“Ordinary people might think that the Democratic Party and Republican Party are just tools of the capitalists, with no fundamental difference, but Mi’er once said it very clearly: it’s a balance scale.”

“On the balance scale of power, the underlying rule is that the forces of both sides are continually approximating balance, which is the institutional basis for the political stability of America.”

“When the hegemony of the Empire is no longer sufficient to support the nutritional needs within its body, self-cannibalization will evolve even more fiercely, and no one can remain unscathed.”

“Capitalists are not a monolith, and they never will be.

The worse the environment, the more intense their contradictions become.”

“The relations between a nation and capital are not clear-cut in terms of nature at a particular stage of history; they support each other in shaping legitimacy and enforceability.”

“From this perspective, America still has control over the capitalists based on its hegemony.”

“However, due to the weakening of the United States Federal Government, this control is often shown as weaker, and this weakness, in particular industries, becomes more pronounced, leading to misunderstandings.”

“This is also why I insist on staying in America, where great opportunities lie within this Empire destined to decline.

All the players have a clear expectation—with mounting debt inevitably comes decline and turmoil.”