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Chapter 298 Profiting from exchange rate changes(1/2)

Three thousand six million dollars per ship?

This is too cheap, right?

If it were the West, the same model of new warships would be at least 200 million US dollars! They could only buy brand new frigates with a performance comparable to Western warships at one-fifth of the price of Western warships?

All the Pakistan Navy officers present were moved.

Wang Hongmin was a little surprised.

This price is too cheap, right? For them, they just had a guaranteed capital.

In China, their quotation is 200 million yuan. Now, based on the exchange rate of 5.5, it was just 36 million US dollars, and the price has not changed much.

But this is the exit!

Exports are about making money. Look at the several exports led by Qin Tao, and they have made so much money. Now, why can’t our Huating East Shipyard sell more money?

Thinking of this, Wang Hongmin wanted to ask, but Zheng Ming, who was beside him, patted his thighs below to relax.

Relax, since Mr. Qin spoke, there must be his purpose.

Believe in your partner completely!

Wang Hongmin swallowed what he wanted to say back into his stomach and quietly stood in front of the audience.

The old bachelors present started to whisper.

Although everyone used English during the talks and the historical issues left by Lao Ba, and those who have had enough elite education would speak English, now they are discussing privately in their own dialect and speak very quickly.

After more than ten minutes.

"If you can guarantee this price and weapon equipment, then we have the idea of ​​ordering two ships."

The money to buy six Type 21 frigates can be bought with two of these frigates. After some comparison, they still thought it would be more appropriate to purchase two such frigates from the East.

The Type 21 frigate is at most a quantity, and there is no quality at all. This kind of Seamax ship-to-air missile system is almost the same as No. After all, the main threat at sea is anti-ship missiles. Although the Sea Rattlesnake is not very good, it can at least meet their requirements. Moreover, China has already produced it independently, and it will be cheaper to continue to purchase missiles in the future.

Did the other party agree?

Wang Hongmin became a little excited.

As long as it can be sold, it means that it opens up the market in Pakistan and may be able to sell more warships in the future.

"Our frigate with a displacement of 2,200 tons will definitely become the backbone of your navy. After these two warships are in your navy, you will definitely place more orders."

Hearing Qin Tao's words, the Ba Navy officers on the opposite side frowned again.

Wang Hongmin was shocked. Could it be that these people were not satisfied with their frigate?

"Is the displacement of 2,000 tons a little small? The wind and waves in the Indian Ocean are a bit big." Mahmoud said: "The type 21 frigate we originally planned to purchase is also above 3,000 tons."

"If the displacement is further increased, then our existing engines will not be enough." Qin Tao said: "We originally planned to use two 390 diesel engines that we built ourselves, and the power is just enough. If we continue to increase, we can only import MTU diesel engines from Germany, and the cost will soar."

Hearing the word "cost soaring", Wang Hongmin finally realized that this is Mr. Qin's tactic.

Start by quoting a low price to attract the other party’s attention. When the other party has agreed, throw away the plan to purchase a second-hand frigate, and then increase the price!

The characteristic of Chinese manufacturing is that it is low prices. If foreign products are used, the prices will rise swayingly, and profits will naturally come.

"If the power system is upgraded, the price will increase by at least 30 million US dollars." Qin Tao simply calculated: "However, larger displacement brings better airworthiness, and I think this money can still be spent."

Thirty million!

The price immediately rose from 36 million to 66 million, which was still a big success!

In the past two years, Huating East Shipyard actually had export orders for frigates. This is the F-25T "Naleson" class frigate made for Siam. It uses German diesel engines, American naval guns and anti-ship missiles, and Italian torpedoes. After counting this, the price reaches 50 million US dollars.

Now, the price of this improved frigate has increased to this level by just using German engines, and Mr. Qin's knife is also sharp enough.

This price increase made Lao Ba a little uncomfortable. So Qin Tao changed his words: "Now, let's hand over the design of the 2,200-ton warship to you for review. If you can approve it, then we will place two orders first and upgrade it later. If you think it is inappropriate now, then we will submit a new design plan. By the way, this model will be left to you first."

The purchase of this kind of warship is not to buy cabbage. Lao Ba’s pocket is not rich, so it has always been a long time to negotiate for a while before the order is placed.

Even if this first contact was over, Wang Hongmin became anxious when he was in the car back to the hotel.

"Mr. Qin, you said, will Lao Ba accept the improvement plan?"

"Looking at Lao Ba's pocket, I think they probably won't accept it."

"I won't accept it? Then, won't we make no profit at this price?"

"No, you can make a lot of money at this price," said Qin Tao. "If I'm not mistaken, the exchange rate will soar in the next period of time. Think about it, if the exchange rate becomes 8.6, or 8.8, how much can you make?"

It's only May now, and the exchange rate is still around 5.5, but in June, the exchange rate will rise rapidly!

In fact, in recent years, the exchange rate has been unable to stabilize. This official exchange rate can only be used by the official. If someone wants to exchange it privately and go to the bank and can exchange it in large quantities according to this exchange rate, that would be a hell.

This chapter is not over, please click on the next page to continue reading! On the streets of big cities, especially outside the embassy, ​​you will occasionally encounter people and ask quietly, "You want Miko?" The exchange rate of such people is the real exchange rate."

If you make a metaphor, it is equivalent to the canteens within some systems. The steamed buns outside cost four yuan, and the steamed buns inside cost one cent, which is twice as big as the ones outside.

Of course there is a subsidy.

So, some people tried every means to make the steamed buns in the canteen and sell them on the market, which would make a lot of money. (In 2022, it seems that some people will do this and then be fired.)

Change is necessary, and the canteen within the system will also start to operate marketably, with the same price as outside.

By the 1990s, reforms were being stepped up everywhere, and bank loans continued to increase, resulting in the overheating of the economy, and the exchange rate began to soar.

By June, I was completely unable to control myself. Countless people took out their deposits and exchanged them for Miko on the black market, with the exchange rate even reaching more than 10!

In July, the central bank took action and sold $60 million in a big way. At the same time, the deposit interest rate hikes, and more than 10% of the interest rate will be raised in one year. If you deposit 10,000, you can get 10,000 yuan in one year!

In this way, the exchange rate finally stabilized at around 8. This is the official exchange rate.

The increase in exchange rate is not conducive to exports. The increase in exchange rate leads to the depreciation of the RMB, which attracts a large amount of foreign investment, invests in the Chinese market, promotes the development of China's economy, and avoids the financial crisis in 1997.

However, this must be after the rise.

What if the price is determined now?

Now I have confirmed with Lao Ba that 36 million US dollars is at the exchange rate of 5.5, which is 200 million RMB. In a few months, the exchange rate will stabilize to 8, which means that if it is converted into RMB, it will be almost 300 million.

In this way, the transaction can make almost half of the money!

Of course, the premise is that all the subsystems on the warship are produced domestically. If they are imported, they will be stunned. Therefore, if they want to use diesel engines imported from Germany, Qin Tao directly added 30 million US dollars. In this way, even if the exchange rate is ten, they can make money.

(East China Hero does not understand the economy, and after studying for a long time, decided to do it like this. Before the exchange rate rises, the price is determined in the form of US dollars, and then all of them are produced by themselves. This is said to be profitable? If East China Hero analyzes it wrong and cannot make money like this, then it is considered to be a market opening and more warships can be exported in the future.)

"Next, Lao Ba may also request an inspection. At that time, you can take them to see the 052 destroyer under construction in our country, and also to see the 051 destroyer we modified the Sea Rattlesnake missile. They should be satisfied with our design." Qin Tao said: "We got orders from the British, and there is no big problem."

When he was fooling Lao Ba just now, Qin Tao said clearly that the six behind 21 models were not required to buy them. The funds were used to buy new frigates made in China, such as air defense, anti-ship and anti-submarine, and they should be their most suitable choice.

Wang Hongmin nodded: "Mr. Qin, your vision of problems is much higher than that of us. We have never thought of thinking from the perspective of exchange rate. In this way, we can still make a lot of money. Thank you!"

Zheng Ming in the car frowned, as if he had thought of something again.

"Old Zheng, what are you worried about?" Wang Hongmin also saw Zheng Ming's sorrow.

"I remember that we introduced the Sea Rattlesnake missile technology, but it was just for our own use, right? The French did not give us the right to export."

It turns out that I'm worried about this!

Qin Tao smiled and said, "What's the difficulty? A white horse is not a horse. The ones we use in our own country are Haihongqi-7. We export them, and we have individual numbers. They are developed by us. They have nothing to do with the French sea rattlesnakes."

Can it still be restricted by this? Look at how our land ace, the L7 tank gun technology imported from the UK, avoids export restrictions? As long as the length is increased, it has nothing to do with the L7.

Wang Hongmin smiled: "Yes, Mr. Qin is right!"

The issue he is currently struggling with is nothing in Qin Tao's opinion, it's all right. Just change the number.

Therefore, Haihongqi-7 transformed into the famous FM-80.

Two days later, the Pakistani Navy finally made a decision: to go on a field inspection and request to see the 052 destroyer. Faced with the request of an old friend, Zheng Ming immediately agreed without hesitation and took them back to the motherland.

Qin Tao separated from them, quietly headed westward, and entered the Kingdom of Silence.

Near Port Abbas.

"The geological conditions here are much better than those on our side! It is very suitable to build a dock here." Kong Laoer's face was full of smiles: "Our geological experts have completed all the surveys and designs, and this is our design plan."

Although Mr. Qin was not here, they could not delay their work. Kong Laoer and a group of people had already arrived first. A large number of workers and production equipment had to come by boat, and the time was even further back.

At this time, Qasim, who came here specially, took over the thick design plan and was very excited: "I believe Qin's subordinates, since you have completed the design, then start construction!"

This is probably the best customer to talk to. Kong Laoer was so happy. Their design plan was urgently built, and there were many omissions. However, the people in front of him had no doubts and didn't even look at it. They directly asked them to construct according to this plan. What a great trust!

Kong Lao Er nodded: "Okay, then when our workers and equipment arrive, work will start immediately."

"Of course, we will start construction immediately, and we will also deposit the first batch of 200 million yuan into your account."

This chapter is not over, please click on the next page to continue reading! Kong Laoer was shocked. This money is too easy to make. Even if he pays ten times the salary of workers abroad, even if he wants to purchase large amounts of equipment, they can still make 70% or 80% of the profits in the entire project.

It's so cool to work abroad.

Just as he was moved, a car drove from a distance and came straight towards them.

Is there any big shot here?

Kong Lao Er stopped and watched, watched the car get out, looked at the person in the car, and looked at the surprise on his face: "Mr. Qin?"

"Qasim, my friend, how is the project going?" Qin Tao had a smile on his face.

Qin Tao was also very excited when he set foot on Abbas Port again.
To be continued...
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