Early in the morning, Su Cheng, Zhong Zhigen and Yang Ming walked to the conference room of Building No. 5.

The room was decorated in ancient style. After the table was moved away, it was surrounded by wooden chairs. There were chairs behind the chairs for the members to use.

The first ones were Minister Xu of the Ministry of Energy and Kang Qingfeng of Sinopec. Minister Xu was born in the Ministry of Coal. After the reform of the Ministry of Coal, he went to the Ministry of Energy to work in safety and environment. He has never cared about oil. Fortunately, Su Cheng did not have the chance to offend him. When the two met, they could smile at each other. Kang Qingfeng once bid for the Setan Oilfield on behalf of Sinopec. He was an older returnee. Unlike the student who studied abroad when he was a teenager, Kang Qingfeng's thinking model was still sinicized, which made him not have the opportunity to be a helicopter cadre, but he also gained a certain status steadily.

Representatives from the Ministry of Energy and Sinopec sat against the wall, forming a very interesting combination. On the one hand, they were the units that were most likely to have relationships with Haicang Plan. On the other hand, they sent two people who were the least likely to make a decision. Kang Qingfeng's identity was a little low, and Minister Xu's position was a little distorted. From the selection of people, we can see that the two units were willing to refuse but rest.

Director Mao sat nearest to the door, and greeted every time a group of people came in, smiling.

The representatives of CNPC and CNPC came very late unexpectedly and walked in almost at the time. CNPC's number represents the surname Qin, and only one person came forward. After a few calls, he leaned on the chair inside to sleep, looking like "I'll be cute and don't pay attention to me." The representatives of CNPC are Liu Bing, the old superior of Sucheng.

Three or four years have passed, and Old Man Liu's beard and hair is gray, and she still has no shape to smile. She sat opposite Su Cheng, blinking and blinking. Her curiosity about Su Cheng is far greater than that of Su Cheng's curiosity about him. It also looks like a look of being soy sauce.

In addition, Bank of China, China Development Bank, and the State Council also sent personnel to attend. The specifications of the meeting seemed quite large, but a few people who were really interested in attending could not explain clearly.

Everything seemed relaxed and comfortable. Some were like breakfast parties, some were tea parties, some were touching class meetings that recalled bitterness and sweetness, but not like formal meetings that decided on billions of dollars projects. It seems that no one wanted to decide on these billions of dollars projects.

Everyone looked impatient with the silence.

Perhaps, for them, this is a fiasco.

Those who have the right to make decisions dare not come, for fear of being assigned financial tasks. Those who have no right to make decisions come, it is not a formality... Su Cheng thought of this and suddenly sat upright and put away all negative emotions.

Looking around, except for the host Director Mao, the only one who has the ability to make decisions was Su Cheng himself. Several other major companies and banking systems all sent out weak or misplaced representatives.

As for Director Mao, he is the deputy director of the National Development and Reform Commission. He is the person who formulates policies, but does not directly interfere in economic projects.

Su Cheng's thoughts suddenly became clear and he quickly began to think about it.

Others were still immersed in the conference status and showed the results of their party school training.

Director Mao didn't care. He saw that the time was up and announced the beginning of the meeting. He said with a smile: "We are meeting today, let's get to know each other and don't make a decision. Everyone is a representative, and I am also the leader of the central government. So, everyone can freely play to the meeting today, so who can tell me?"

Everyone was silent, but their expressions were relaxed.

Director Mao had expected it and directly called out: "Minister Xu, what do the Ministry of Energy think?"

"We firmly obey the decisions of the central government. Within the ministries and commissions, they tend to support the implementation of the Haicang Plan. Whether it is Formosa Plastic or we do it, we must continue to do it." Minister Xu said all the useless truth: "We believe that the best result is to do it by Formosa Plastic. In addition to ethylene and oil refining equipment, attracting downstream factories in Taiwan to set up factories in the mainland is equally important and has strong demonstration significance. Of course, if Formosa Plastic decides not to do it in the end, we cannot let them control it, and we can do it ourselves."

Su Cheng looked at him with a flat look and thought to himself: Saying it means not saying it.

Everyone knows that this situation is the best, but good things in hopes do not always happen. Minister Xu's position determines that he will not hurt his back when he stands. The Ministry of Energy does not have to pay for the construction of a petrochemical factory, and is also a pure government agency, so he follows the central government's ideas and has no messy differences.

Director Mao wanted this effect and nodded with satisfaction: "We are not sure about the plan to withdraw Formosa Plastics from Haicang. Wang Yongqing came to talk to it to show that they are still interested. It is normal to propose modification conditions. As the saying goes, it is good to think that goods are the buyers. We have to identify them carefully, but don't drive them away because of our own worries."

In his words, there are 80% of them saying that the Formosa Plastics is left behind, but it also shows the central government's hesitant mentality.

In fact, some leaders may be happy to see that Formosa Plastics has used Haicang's plan to put pressure on the Taiwan authorities. Whether it fails or not, mainland China first received the attention of the international community. In a sense, it broke through the blockade of Western countries, which is a typical method of using politics to exchange for economy.

But in this process, the mainland hopes that Formosa Plastic will be real and pays more and more, but Formosa Plastic has a firm will and perfunctory more and more...

I'm about to be unable to hold on.

However, the government's policy inertia is far greater than that of enterprises. Unless Formosa Plastics is sure to withdraw, the mainland will always stick to it.

Su Cheng thought without malicious intentions: the leader who decided on the Haicang plan could not hold on for two years and then slapped himself in the face and said that he could not continue.

Without external forces, this plan will set a good start like many Chinese plans or Chinese studies, rendering the process in full swing, and then quietly disappearing from everyone's sight, as if nothing had happened.

Su Cheng pierced the window paper all the way, ending the honeymoon between the two sides and increasing the government's bargaining chips in disguise. It was 1991. If Formosa Plastics didn't prepare some practical information, there was no need to continue playing this game of love. I think China will not take the initiative anymore.

This meeting can be regarded as the attitude of the central government. What everyone is discussing is the Haicang plan to replace Formosa Plastics.

However, for departmental interests, other units do not want to foolishly hit them to make backgrounds.

This is a multi-billion dollar project. It removes moisture and ocean fleets and other supporting projects. There are at least 30 to 4 billion US dollars. How can you say that the next one is next? At least, there must be three or three. Three ask for three words, present facts, and reason. Let the central government sign a note that will not be blamed, give some policies that they usually do not have, and promise some conditions that they have long wanted... The central government cannot be unreasonable.

China also has its own distinctive separation of powers - the central government, ministries and local governments are three extremes, and no one can be a single man. The days of centralization have long been gone forever.

In 1990, only what the central, local and ministries and commissions wanted to do could be done vigorously and beautifully.

Director Mao had his own account, and smiled slightly, turned his eyes to Kang Qingfeng. Wen Yan said: "Where is Sinopec's opinion?"

Kang Qingfeng moved twice uneasy. He was driving the duck to the shelves to serve as a messenger for senior executives of Sinopec. He frowned and said, "We are under a lot of financial pressure."

He is too flawed to say more and more. He is a pity for words.

Director Mao asked again as expected: "If Sinopec's funding problem is solved, can it support this petrochemical base?"

"We have no relevant preparations, so we need to study it." Kang Qingfeng did not hesitate to use "research" to excuse Director Mao.

Even senior officials of the Development and Reform Commission at the vice-ministerial level were helpless in the face of such a classic national treasure.

Director Mao's expression remained unchanged, his neck continued to rotate, facing Minister Liu Bingliu, the representative of PetroChina.

Su Cheng was stuck in the gap and did not ask him to ask. He suddenly laughed twice and said, "Director Kang, are Sinopec ready?"

Liu Bing was stopped, but instead smiled on his face, his hands were placed on his knees, looking like he was watching the show.

Kang Qingfeng had not been freed from the state of attending the lectures at the Party School and asked in surprise: "What?"

Su Cheng said slowly: "The introduction of 700,000 tons of large ethylene must also be prepared for the complete sets. With Dahua Industrial's experience in introducing large methanol, the larger and more complex equipment is, the longer it takes to train skilled workers. The equipment company must conduct interviews, otherwise it will not be turned on. Sinopec must at least be one year in advance. In other words, before December 1991, Sinopec could not even be tested. In addition, the installation requires preliminary training for employees, about 3 months. In this way, before March 1992, you can't test runs? Another thing is that you didn't do before the inspection procedures and fund preparations before purchasing equipment."

Kang Qingfeng got the order to observe the situation and smiled heartlessly: "It's understandable that such a big project will take a long time."

Su Cheng ignored him and turned to the banker. He only remembered the representative of Bank of China and asked: "Manager Jiang, how long will it take for you to decide to lend for such a partner?

Manager Jiang was shocked.

Director Mao's nose wings moved slightly and said with a smile: "Tell me, look."

Manager Jiang from Bank of China had no choice but to say: "If you really have to go through the inspection of the equipment supplier, you have to wait until the inspection of the supplier is over before considering lending."

Su Cheng faced Kang Qingfeng and said, "In this way, Sinopec has to prepare $700 to $1.4 billion in its own funds. How long will it take? Three months is a bit not enough... Actually, I said so much, just one thing. Mr. Kang, if Sinopec takes Haicang's plan, will it be put into production by 1995?"

"I don't know this." Kang Qingfeng was amused and crying. He and Su Cheng had been in Abu Dhabi for a long time, and then he seemed to be awakened, but he was unable to deal with it.

Su Cheng did not relax and continued to ask: "Sino-PetroChina has a lot of funds and spend a lot of money. The budget for 1991 has been arranged. If the bank cannot lend money, wouldn't it take until next year to consider the Haicang plan? What's the point of taking over the Haicang plan at this speed of preparation?"

If the policy is really coming, it is not impossible to increase the budget. However, Sinopec has not decided whether to take over the Haicang plan, so naturally there is no way to talk about the policy. Moreover, this also exceeds the scope of Kang Qingfeng's decision.

Kang Qingfeng looked at Su Cheng and thought about his meaning, his head swelled up.

The mentality of the companies present is different. If Sinopec wants to build a petrochemical base in Haicang, of course it thought that such a large petrochemical project should be the lifelong pursuit of petrochemical enterprises. However, the mentality of doing more and making mistakes is affecting him. If the Haicang plan of $7 billion is failed, the senior leaders will definitely untickle the belt and put it on and hang it...

When you are afraid of wolves in front and tigers in the back, it is harder to ask them to say "I will do it" than to climb to the sky. However, it is not easier to ask them to say "I won't do it" than to get into the ground.

Kang Qingfeng was just so stiff. He wanted to figure out what Su Cheng was thinking.

Director Mao coughed and said with a smile: "Dr. Su, what is Dahua's idea?"

Su Cheng secretly wiped out his sweat. He thought to himself, it was not easy to find a supporting actor.

In a blink of an eye, Su Cheng plastic surgery said: "Director Mao, I want to prove that the way of deciding investment based on the investment ratio is incorrect."

Now, the representatives of CNOOC, who were making soy sauce, raised their heads and looked at Su Cheng's teeth horizontally, unable to figure out how he caught and bite him.

Director Mao also said helplessly: "How did you prove it?"

Su Cheng spread his hands and said, "Sino-Petrochemical will not be able to build a petrochemical base by 1995. Dahua Industrial can be built in just two years. Isn't this a clear proof?"

Kang Qingfeng was anxious: "I didn't say that it would not be able to build a petrochemical base in 1995..."

"If Dahua cannot build a petrochemical base of 700,000 tons of ethylene within two years, let it be disposed of." Su Cheng still left a room for his speech. The disposal is actually an excuse, just an explanation of his attitude.

However, Kang Qingfeng has no power to explain his attitude. He can't do it even if he just makes an excuse. He sits helplessly and stares at him.

Director Mao smoothed out: "Whether the Haicang Plan can be built within two years has something to do with the investment ratio?"

"If the central government decides to complete it in 1995, it can be done with a wholly owned company in Dahua Petrochemical Company, with an investment of US$700 million per year. We don't need any Haicang plan. Can the National Development and Reform Commission approve it? Since Sinopec has not made any preparations except funds, it is better to just collect the funds and pay dividends."

Director Mao had to admit that Su Cheng's statement made sense. If Dahua Industrial applied for a single Daethylene project, it would be very likely to be approved when the Haicang plan was suspended or ended, but the procedures were more complicated than taking over the Haicang plan and the conditions were more demanding.

At this time, Director Mao suddenly understood why Su Cheng was so active in Haicang's plan.

The central government gave 15,000 hectares of land, invested hundreds of millions of yuan in advance in leveling expenses, and set up a special zone... Except for Formosa Plastics, no company in China can have such policies and benefits.

Formosa Plastics is not done because of its high vision. For Dahua Industrial, this is indeed a very good foundation.

The only voice of Su Cheng in the conference room: "Sino-Speed ​​Chemical Corporation has not completed the Haicang Plan at all, but Dahua has been preparing for more than a year. Therefore, I suggest that in order to complete the Haicang Plan as soon as possible, the investment ratio is only used as a reference for dividends, and the operating rights and construction rights are handed over to Dahua to complete."

Sucheng's eyes were shining with stars. Such a huge petrochemical base will have a huge impact on the domestic and international petrochemical market. It is like having a lake and raising any fish you want, but it's just the difference between making more money and making less money.

Kang Qingfeng finally understood the trap of Sucheng. He wanted Sinopec to pay, but he did not want Sinopec to have the right to operate. It was equivalent to treat Sinopec as a bank, not only a bank for funds, but also a bank for manpower and technology.

Of course this is not possible. Kang Qingfeng argued reasonably: "It is the most normal model to form a board of directors according to the proportion of investment..."

"Did Sinopec decide to take over Haicang's plan?" Su Cheng interrupted him.

Kang Qingfeng's mouth opened and closed twice, but he couldn't continue. He was not qualified to say "decided to take over".

Su Cheng then continued: "The current situation is not that who will take over the Haicang Plan, but that Sinopec cannot take over the Haicang Plan at all. Therefore, it is better to take over by Dahua Industrial. Sinopec will take over the conditions such as investment and obtaining share of the share, so it is not for each to get what it is?"

"But you have no money."

"The start-up capital is only $700 million. If the time for production is extended, the funds required will also be reduced."

Kang Qingfeng was angry and laughed, saying, "Does Dahua have $500 million now?"

Su Cheng asked back: "Does Sinopec have it? I can clearly give Dahua Industrial's financing schedule, can you?"

Kang Qingfeng couldn't speak. At his level, how could he know the financial status of the Petrochemical Corporation?

Minister Xu of the Ministry of Energy cannot sit and watch Dahua "snatch" Haicang plan, and had to speak out: "Formosa Plastics has not withdrawn from Haicang plan yet, so don't worry."
To be continued...