"I invite Zi Qi, the host of "The Same Song" and Mr. Fan Wubing, the chairman of Fan Investment Group, to sing "For Who" for us." The host of this evening announced the program arrangement loudly.

I have to say that those who know the inside story know that there are too many child care activities held by CCTV.

Fan Wubing was very familiar with these situations because he watched the rehearsal of normal performances. So when Ziqi was having an interactive singing with her host and guests, she was already very calm. After all, it was not the two of them who blocked Niu.

After hearing the host's announcement, Zi Qi walked out, waved to the audience with a microphone, and then made an invitation gesture to Fan Wubing, who was sitting in the guest seat below the stage.

Fan Wubing is surrounded by people of noble status, including members of the Politburo and celebrities from the business world. The business celebrities who can sit here are basically worth more than tens of billions of dollars, including many new rich people in China, but now everyone doesn’t know them very well.

"Mr. Fan, I'm asking you to go up." The people next to him knew that Fan Wubing was so powerful. When they saw this scene, they all laughed at him.

Fan Wubing laughed, stood up, and then, without taking the ladder, jumped onto the stage more than two meters high from the ground below, which caused a burst of exclamation. Only then did someone remember that Mr. Fan was not only a business tycoon, but also a master of national martial arts. He used to hit two Japanese masters with one punch.

So the audience suddenly remembered the warm applause, and everyone applauded.

Fan Wubing came to the stage, waved to Sifang, and then took a microphone from Ziqi's hand.

The two looked at each other, and the lights became darker and then slowly lit up with the prelude of the music.

"Mud wrapped around the legs

Sweat soaks the back of the clothes

I don't know who you are

But I know who you are for

For whom

For the harvest of autumn

For the return of spring, the geese return

Singing youth without regrets

I don't know when my comrades will return

Who are you

For whom

When will you return, my comrade

Who are you

For whom

My brothers and sisters don't cry

Who is the most beautiful

Who is the most tiring

My fellow villagers, my comrades

My brothers and sisters

sisters--"

The two of them didn't say much nonsense, and directly expressed their respect for the soldiers who participated in flood fighting and disaster relief. However, some people who were more than 100 people noticed that the two were two meters apart before singing, but when they finished singing, their hands were already pulled together.

Anyway, this party was very successful. When it comes to the second round of donations, it is the company's donation. At this time, a wave of enthusiasm was set off. Many companies that have temporarily emerged began to donate enthusiastically. On the one hand, it expressed their company's support for the people in the disaster area, and on the other hand, it showed their company's economic strength.

By the end, the total amount of charity funds raised had exceeded 2 billion yuan. In addition, some off-site donations have not been counted, and it is estimated that they can be more than 5 billion yuan in total.

This number is a bit beyond the organizer's expectations.

After the party here, Fan Wubing went home with a little excitement.

Ziqi probably had a celebration party, so she didn't have the chance to come out with him, so the two of them left after singing.

As soon as he got home, Fan Wubing's phone rang, but it was news from the headquarters that Baosteel had raised its price.

"Baosteel has raised its price again?" Fan Wubing felt more complicated after hearing the news.

Baosteel, which has always been regarded as a market vane, raised prices against the wind during this period. What kind of interest chain is buried behind this?

Starting last year, due to the impact of the Southeast Asian financial crisis, steel prices plummeted and were in a rebound state before April this year. Since then, due to the speculation of steel futures, the ex-factory price has been in a downward state since August. Until the recent price adjustment, although there have been clues before, the discount was cancelled at that time.

There is nothing wrong with Baosteel's price increase, but the timing is indeed a bit **.

Because soon, Baosteel will negotiate with the iron ore supplier to negotiate the import quantity and price for next year. At this time, the sudden price increase was obviously not beneficial for the iron ore price negotiation. According to data, it is not the first time that Baosteel has raised the price before the iron ore price negotiation.

Fan Wubing knew very well that Baosteel actually had a strong Japanese ancestry. At that time, Mitsui Products, the largest comprehensive trading company in Japan, had already realized that the Chinese market would drive the spot price of iron ore, thus creating a community of interests such as a new Nippon Steel, Mitsui Products, Merchant Ship Mitsui, Shanghai Baosteel, and Brazilian Vale.

Mitsui's penetration in Baosteel can be traced back to the beginning of its establishment. As early as 1977, during the construction of Baosteel, the largest steel company in Japan, introduced technical equipment from Japan's largest steel company, Nippon Steel. Mitsui Products owned 20% of the equity of Nippon Steel. At the same time, Toshiba and Ishikawa Shiba Homomo Heavy Industry, the backbone companies of Mitsui Consortium, cooperated with Nippon Steel to become equipment suppliers of Baosteel, but since then, Baosteel could only choose to import iron ore from Australia and Brazil.

As early as the 1940s and 1950s, Mitsui Products began to collect information widely overseas, purchase iron ore, and further invest in mines by signing long-term contracts with foreign countries, and finally take over the board of directors of mining companies. Mitsui Products has accumulated rich experience in iron ore trading, and has formed a community of interests with mining companies through long-term trade contracts, investment, stakeholders, establishment of joint ventures, and participation in operations.

Nippon Railway Corporation and Mitsui Products are a community of interests, and they have a relationship of mutual holdings and joint investments. Secondly, Brazilian Vale Corporation and Australian Tax have been firmly bound and become part of Mitsui's global layout.

According to the information obtained by Fan Wubing, the inventory of construction and plates in major cities across the country has doubled year-on-year this year, and the inventory remains high. Logically speaking, there is no reason for Baosteel to raise prices.

However, he also noticed that Baosteel's price increase is mainly determined by the supply and demand relationship of products. Demand in downstream automobile and home appliances and other sectors is strong. At the same time, costs drive prices to rise. Under the expectation of price increases in iron ore, coke, etc., Baosteel's price rose ahead of schedule and digested costs.

The most unpleasant thing is that after the Japanese chaebol controlled domestic steel companies, it not only allowed the country to be controlled in the acquisition of iron ore, but even Baosteel also had Mitsui ancestry in the maritime logistics link. The merchant ship Mitsui transported more than 10 million tons of iron ore for Baosteel every year.

It can be said that since the day of its birth, Baosteel's dependence on Mitsui technology, talents and logistics has been mixed and penetrated into its bones. The main production equipment and core technologies all come from Nippon Steel.

Although the steel processing base jointly operated by Mitsui Products and Baosteel Group and the production base under construction in China have a controlling stake in the joint venture due to policy restrictions, Mitsui's power is not limited to this.

Among some companies, although Baosteel's investment ratio is 51%, the chairman is appointed by Mitsui Property, and Baosteel Group guarantees that the loan is also guaranteed by Mitsui Property.

Mitsui controls Baosteel in China, Posco iron in South Korea, and the Tata family in India. The layout in various places is to graft capital, industry, information, circulation and other aspects through joint ventures with the largest local enterprises, and ultimately control the entire industrial chain. This situation makes Fan Wubing more worried.

Since the 1990s, under the influence of going global strategy, learning the Japanese and Korean model and becoming bigger and stronger Chinese companies have become a mainstream trend, and during this period, the ** research on comprehensive trading companies appeared.

However, with the rapid development of China's economy, the inflation rate in 1994 reached 21.7%. The Chinese government began to turn to the US economic model in 1995, controlling interest rate leverage and monetary policy through macroeconomic management means to implement intervention measures on the economy. The deposit interest rate once rose to about 12%, and savings for more than five years can also receive about 12% of value-preserving interest, which means that the interest rate for long-term deposits almost reaches 25%. This high interest rate is probably rare in the world. The result of a series of policies is the return of currency and the disappearance of inflation, which also causes a rapid brake on economic development.

The abnormal changes in China's macroeconomic situation have not attracted the attention of Japanese companies. As a comprehensive trading company, an important function of Mitsui Products is to assist the affiliated companies of the consortium to enter overseas markets. At this time, since the Chinese market was not truly open, many of Mitsui Consortium's companies are investing in Southeast Asia on a large scale, but the target is still the Chinese market. At the same time, Mitsui Products has led Japanese companies to establish a number of joint ventures in China.

Starting from 1992, Baosteel was the leader to carry out a pilot project on liquidity debt clearance, and then it cleared the triangular bonds of key enterprises in the four industries of coal, electricity, forestry and non-ferrous metals. However, triangular bonds reached 800 billion yuan by 1996. At this time, triangular bonds caused enterprises to blindly expand production, resulting in product surplus, and fostering an economic crisis.

After many large state-owned enterprises adopted the Western accounting system, they were exposed to insolvency and were forcibly cleaned up triangular debts indiscriminately, which eventually led to major blood loss and bankruptcy. Moreover, China's independent industrial system continued to collapse due to the destruction of symbiotic relations between enterprises.

At this time, after the triangular bonds of Baosteel were cleared, it lost the support from many domestic companies, and formed a split relationship with domestic foreign trade, shipping, finance and other companies, which instead brought opportunities to industrial organizers like Mitsui Products.
Chapter completed!