Rebirth: Super Banking System

Chapter 1800: Chapter 1626: Wait and See (Subscription Requested!)

Afternoon.

Three o’clock.

Kan Qin’s office.

“This…”

Upon learning about this new policy, Sun Jiang felt a bit bewildered, carefully pondering whether there was a ’trap’ in it. Otherwise, why would Ling change some useless procedures and processes for no reason?

Moreover, losing money.

And it’s not just a little.

But a lot.

Rough estimates suggest.

The Myanchuan central government’s annual fiscal revenue would decrease by more than a hundred billion Asia Dollar.

This is still a conservative estimate.

Subsidies.

As long as there’s a connection, too many enterprises want to get in on the action. But now, you’ve turned it into a universal policy, almost all import and export related industries are covered.

Tax reduction.

Local taxation was already low, so what was handed to Zhong Yang is less, and under the premise of receiving less tax, Zhong Yang still fully subsidizes each state, so it’s a double deduction.

Speaking of which.

Are you guys so loaded that it’s burning a hole in your pocket?

Messing around?

No.

Sun Jiang also doesn’t think so.

Ling is not someone who likes to do futile work or lose money. All along, Ling’s decisions have never been wrong, and the researchers from Huaxia have given Ling’s governance high praise.

Calm.

Wise.

Decisive.

…

A mature politician’s qualities, Ling almost possesses them all perfectly. Why almost? Mainly because Ling’s actions are too arbitrary, more radical, less stable.

– Do the right thing.

– Stability.

The two do not have an absolute connection.

After all.

If it were on the battlefield.

A commander who charges at the forefront every time may win every battle, but no one would think this commander is qualified, the same logic applies to Ling’s shortcomings.

“Why?”

Sun Jiang couldn’t help but ask.

Couldn’t figure it out.

“Asia Dollar.”

Kan Qin said in Chinese.

“Asia Dollar?” Sun Jiang murmured.

“I think, you should understand.” Kan Qin smiled and said, hinting without explicit words, words like ’we want to increase the international influence of the Asia Dollar’ couldn’t be openly said, only mentioned in internal meetings.

“Somewhat understood.” Sun Jiang nodded, Kan Qin could only say this much, even if it was an ’open strategy’, they couldn’t tell him directly, they needed to understand it themselves.

Obviously.

He instantly understood.

Asia Dollar.

All along, Ling has been vigorously promoting the Asia Dollar, relying on various unique products to let Asia Dollar breach national borders and gain regional settlement currency status, even extending influence to Africa.

This shows.

This Ling’s enthusiasm for the internationalization of the Asia Dollar.

Regarding Ling.

Sun Jiang admired deeply, within a few years, Ling has opened up the situation to this extent, also admired Ling’s luck, being able to develop the still inscrutable Transcription Fluid technology.

Additionally.

There’s that mysterious large gold mine.

Wow.

Not moving is fine.

Once moved.

It bounced out thousands of tonnes of gold, jumping to become the fifth largest gold reserve country globally, not only that, selling fifty tonnes monthly to Huaxia, indicating a yearly guaranteed output of six hundred tonnes from the mine.

At least and not less.

Unfortunately.

To this day, the location of that large gold mine hasn’t been revealed, not only he was curious, countries worldwide are immensely curious too, wondering what kind of gold mine allows Ling to extract thousands of tonnes in a few years.

By the look of it.

It can continue to be mined for quite a while.

“Deputy Prime Minister Kan Qin, can I understand it this way, thus, the import prices of Transcription Fluid, Oasis, Gold, etc., if paid in Asia Dollar, can receive certain discounts.”

Sun Jiang was sharp.

Immediately thought of this.

If both import and export are tax reduced, the costs for these companies within the Myanmar Bank Group would decrease, then product prices should also lower, and this is not a trivial amount of money.

Take Oasis as an example.

This year, Huaxia bought twenty thousand square kilometers of transformation land.

Contract price three hundred billion RMB.

Not much.

If it’s reduced by 1.5%, forty-five billion can be saved, plus the purchase discounts on transcription fluid, medical devices, solutions, and gold, saving more than a hundred billion annually.

Upon hearing this.

Kan Qin smiled and nodded.

“Yes, as long as you use Asia Dollar for transactions, tax can be reduced, ultimately reflected in procurement prices.”

“That’s good.”

Sun Jiang nodded.

Suddenly remembered something.

“Then the currency value of Asia Dollar… and prices…”

This is a problem that cannot be ignored, prices reduce, but this is an Asia Dollar unit figure, what if you suddenly raise prices, or increase Asia Dollar exchange rate, isn’t it the same as before?

On this point.

Kan Qin shook his head.

“Rest assured, our confidence in maintaining the Asia Dollar’s currency value is very strong, and we adhere to business ethics. If due to the exchange rate, results in economic losses for you, we will provide full compensation.”

Honestly.

Kan Qin felt this promise a bit large.

However.

This was Ling’s personal assurance, the reason being self-pressure to maintain the Asia Dollar currency value, otherwise, people would take your money and see it depreciate the next day, or you raise product prices, too unethical, and untrustworthy.

“In this case, I can report back at ease.”

…

Half an hour later.

Sun Jiang had already returned to the embassy, and reported to the domestic authorities, focusing on what Kan Qin said about ’Asia Dollar’. The domestic side immediately understood Kan Qin’s implication, discussing its impact.

“Asia Dollar?”

“Regarding the goal of the policy, Kan Qin only mentioned those two words.”

“Strange.”

“What’s strange about it, from the start, Ling has been establishing the Asia Dollar’s status, otherwise why provide loans to Africa, the money Myanmar Bank Group earns, is enough to sustain the country.”

This is not an exaggeration.

The Myanmar Bank Group already has this capability.

The word wealthy.

Is enough to describe this giant entity.

“No, what I find strange is not Ling’s determination and goals, but the method employed, such a large scale and scope of tax reduction, even if it can increase the international usage frequency of Asia Dollar, the cost is too high.”

“I don’t believe they haven’t calculated the costs, but still decided to implement it, I deduce, there are two possibilities, first, behind this matter, there are interests we do not know about.”

“What interests?”

“Unknown.”

“…”

“But it can be certain, in Ling’s calculations, this matter is profitable.”

“What is the second possibility?”

“The second possibility is that this policy serves other policies, acting as a precursor, so, the other side is so eager, disregarding costs to implement it.”

“What do you mean?”

“It’s simple: Ling seems to be up to something again.”

“…”

With that said.

The possibility is indeed high.

Lose first.

Gain later.

Like in manufacturing you need to invest in building a factory first, countries often do such things, Ling employing this method is not surprising, it just piques curiosity, how Ling’s combination of strategies will play out.

Ultimately.

The result of the discussion naturally is to observe and see how things unfold, after all, it is the policy of another country, no need to agree or disagree, as long as it doesn’t harm the interests of Huaxia and its businesses, staying observant is sufficient.

Moreover.

If it’s truly as Kan Qin said, they could save a significant sum of money.

Hundreds of billions.

It’s not just a few bucks, a few hundred kilometers of high-speed rail could be built with that.