Chapter 409: The US cuts interest rates! Take advantage of the US!
Judging from Yi Feng's feedback, Wang Jingming was actually very close to success, but he was missing the last step and fell in the darkness before dawn.
In fact, China has not been completely blank in nickel-based alloys before, but the high-temperature performance was not so excellent.
However, although the finished product has been produced, the process still needs to be optimized to reach the level of industrial production, rather than a small number of laboratory samples. Of course, the most difficult step has been taken, and the road ahead will be much easier. Mass production should only be a matter of time.
With the difficulty of high-temperature alloys being overcome, the only major obstacle left for domestic engines is planetary gears.
The Pratt & Whitney hurdle is actually easier to resolve. Xu Cang has plenty of ways to get Pratt & Whitney to sell its planetary gear technology patents.
Once the difficulties of the domestically produced engine are overcome, the only thing left is the fuselage.
AVIC can produce some parts by itself, such as fuselage components, but some system components still cannot be domestically produced.
In this era, 100% localization is not in line with market laws. As long as the core technology is mastered, the remaining replaceable parts can be purchased off the shelf on the premise that they can be manufactured by themselves.
However, the system of a large aircraft involves hundreds of parts suppliers, and it takes a long time to adjust the adaptability. Therefore, Xu Cang needs a template, namely Bombardier's CS300.
After resolving the Pratt & Whitney issue, the next one will be Bombardier. According to Xu Cang's plan, Bombardier will not be able to hold on for long.
9/11 is indeed an extremely important node, and all the efforts made before will bear rich fruits in the near future.
The unexpected surprise of nickel-based alloy whetted Xu Cang's appetite, and he ate a few more bites even though the hospital food was so bland that it made people doubt their lives.
With Qin Xin serving him, Xu Cang lived the life of a young master with food and clothes provided for him for several hours.
Although Xu Cang and Qin Xin were very much in love in their previous life, their love became dull over time, and sometimes they would get tired of each other, especially since Xu Cang could be quite childish at times.
It is said that a man's growth has a peak. From childhood to his thirties, he becomes more and more mature. After forty, he begins to "rejuvenate" and becomes more and more unstable in character. Xu Cang is a typical example.
After living together for nearly twenty years, love has turned into family affection, which is plain and dull. There is no need to talk about serving others.
Now that he was reborn, he was being served comfortably by his wife. Xu Cang wished that the injury on his shoulder would never heal. He wanted to be served like this for the rest of his life, which would be so comfortable.
After eating a few oranges that Qin Xin had peeled, Xu Cang half-lay on the bed and looked at Qin Xin who was cleaning the room: "Do you have a US visa?"
Qin Xin was still folding Xu Cang's clothes. When she heard Xu Cang's question, she was a little surprised: "Yes, the last visa deadline has not expired. What's wrong? Are you going to the United States?"
"I'm definitely not able to go for the time being due to my physical condition, so you have to go in my place." Xu Cang said slowly: "I have negotiated a large order of 777s with Boeing before, about ten aircraft. However, the number has not been decided yet, it depends on the price from Boeing."
Qin Xin put down the work in her hands. This was serious business and she needed to be more serious in her attitude.
Walking to Xu Cang's bed and sitting down, Qin Xin tilted her head to digest what Xu Cang said: "Ten 777s... I'm not belittling myself. As far as I know, the price of 777 is very high. The pressure of purchasing ten 777s is too great for us..."
Even now, Qin Xin didn't dare to say that he could buy 777s at will, and Xu Cang didn't seem to care about the total price of these ten 777s.
"No, no, no, the 777 is too expensive for us. We can't afford it, and there's no need to afford it. These 777s were not prepared for us." Xu Cang smiled and said, "Besides, the prosperity of the European market has caused the world's civil aviation industry to overheat. However, the incident in the United States not long ago will quickly cool down the world's civil aviation. After that, the false prosperity will show its true colors, and the inflated prices will naturally return to their original position, such as the price of the 777."
Qin Xin was puzzled: "What does this mean?"
"The price of an airplane is positively correlated with the market's prosperity. As the market cools, the price of the 777 will naturally drop. Moreover, this is enough to wake up some airlines that were previously overly optimistic. It is almost certain that some 777s will be canceled in the near future. The 777 is different from the 737. Its application scenarios are limited. Once it is canceled, it is unlikely that someone will take it over. There is a possibility that airlines will cancel the 777 even if they have to pay for breach of contract, and it is not small." Xu Cang chuckled and said, "Under the current context, you can try to lower the price of the 777 and take over some 777s that have been canceled by other companies."
"You want more?"
Xu Cang nodded: "People are terrified by what happened in the United States. The world's civil aviation will fall into a dark period for a while, but this is only temporary. The great development of civil aviation is inevitable. The development of the civil aviation industry is essentially a collateral manifestation of the prosperity of the world economy. Therefore, this collision incident is just an occasional, temporary trough. It won't be long before both the economy and civil aviation will recover. By then, those airlines that canceled their 777 orders will regret it."
"You think the negative impact of this collision is only short-term. How short? Two years?" Qin Xin asked.
"More than a year, there should be signs of recovery next year." Xu Cang was a little tired after talking so much. He pulled a pillow to cushion his back, found a comfortable position, and continued slowly: "So, whether it is ordering 777 or taking over those 777 that have been canceled, it won't take long to recover the funds. Don't worry, the risk is not big."
"If the economy really recovers quickly as you said, the risk is really not big, and you can make a lot of money."
Affected by the World Trade Center crash, capital's expectations for the economy are quite pessimistic. According to rough calculations, the indirect economic losses of the crash could reach one trillion US dollars, which is an extremely shocking figure.
And this may not be the most fatal thing.
Capital is naturally inclined to seek profit and avoid harm, and prefers a safe and stable environment. However, now that even the world's most powerful country has been attacked, capital will have low expectations for the current investment environment and a lower willingness to invest.
Money is like water, it needs to flow to be active. If the willingness to invest decreases, the economy will become stagnant. How can it still grow?
Therefore, Qin Xin's own expectations are the same as the general environment. He believes that it will take at least three years for investors to rebuild their confidence, and this is even an optimistic estimate.
Because economic downturn is also inertial, even after a period of time, capital gradually regains confidence in the investment environment, but the resistance in the stage of stopping the downward momentum of the economy and warming up is the strongest, and this stage alone may last for several years.
Xu Cang said that the economy would recover next year. Qin Xin didn't really believe it, but she didn't want to offend Xu Cang at this time.
I will try to persuade him again after Xu Cang's physical condition stabilizes.
Xu Cang could see what Qin Xin was thinking. Some things could not be explained, nor did they need to be explained. Just let time prove it.
In fact, the operation on the Boeing 777 was just a casual move by Xu Cang, one of the purposes of which was to make some profit from the price difference.
When large jet airliners first appeared, due to their complexity and high value, the production capacity was generally a buyer's market. The production capacity could not keep up, and it was normal to have people queuing for planes.
Especially the Boeing 777, an extreme twin-engine passenger aircraft model, has an extremely complex structure. Due to its high cost, Boeing is very cautious about increasing the production capacity of the 777. After all, the 777 is expensive to sell, but it is also expensive to lose in stock.
Due to these two factors, the scarcity of Boeing 777 passenger aircraft production capacity has become more prominent. For many large companies, adding a million dollars to move up the queue is definitely a willingness.
Of course, this is when the economy is booming. If the economy is not good and the industry is in recession, the Boeing 777 will be a hot potato, just like many airlines will soon cancel their orders for the 777 even if they would rather bear the penalty for breach of contract.
But what if the economy isn't so bad?
It usually takes about two years for a 777 to be delivered from order placement to delivery. If there is a long queue, it will take even longer. Therefore, even if Xu Cang takes on a large number of canceled 777 orders, it is very likely that he will only need to pay a deposit, and it will take a long time to wait for the actual delivery.
However, according to Xu Cang's memory, the impact of 9/11 on the development of the world economy was indeed short-lived. As early as the beginning of next spring, the world economy will recover along with everything else.
As soon as the economy recovers, the good days of civil aviation will come again, and airlines will immediately face a shortage of capacity, especially on long-distance international routes.
At this time, the 777, which is the ultimate twin-engine aircraft and can serve as a transition to the 787, will transform itself from a hot potato that everyone avoids into a popular item that everyone wants.
However, when they wanted to get back the 777s they had previously canceled, they found that all the places had been taken over by Xu Cang, and most of the 777 purchase places in the next few years would be with Xu Cang.
These airlines either had to watch helplessly as they missed out on the money they could have made due to insufficient capacity, or they had to spend money to buy back the quota from Xu Cang.
It is foreseeable that there will be quite a few 777 cancellations in the near future. The fees from the future transfer of these orders alone will not only be enough to pay back the considerable deposit, but also generate a huge profit.
The transfer fee ranges from hundreds of thousands of dollars to millions of dollars. The faster the delivery and the earlier the order, the more expensive it is. And the quantity is large. Isn't Xu Cang making a fortune?
However, compared with what Xu Cang is going to do later, this is nothing.
What is the most important thing in business?
information!
Many times, big businessmen make money by relying on first-hand information gaps.
Why is it so easy for people in certain circles to make money? Because they know more and earlier information than ordinary people, and are one step ahead of others in everything, while ordinary people can only follow behind them and breathe their tail gas.
Now, Xu Cang has the best information gap in the world, and it is estimated that even the US government is unsure about the subsequent economic recovery.
In this case, Xu Cang can use the unique information gap in the world to complete a wave of shocking operations.
"Given Boeing's current situation, our willingness to continue to order and take over the canceled 777s is of great significance to them, and perhaps we can use this to lower the price." Xu Cang said: "However, the number can be limited to about two."
Boeing used to have the initiative, but now the offense and defense have changed. Xu Cang should make good use of it.
The two 777s, which were left for him by Xu Cang, had to be paid for actually. As for the others, he would not be paying for them in the end anyway, so it didn’t matter to him.
Moreover, a small amount of price reduction should be more acceptable to Boeing.
"What about the other 777?"
Xu Cang covered himself with the quilt: "Those? Never mind."
"But..." Xu Cang thought for a moment: "I will tell Li Rongcheng, and he will go with you."
"Him? Why would he go with me? Boeing was his old employer. Although it seems like they broke up peacefully, they probably just hate each other. Why make things uncomfortable?"
"I didn't ask him to help you with the Boeing matter. You can negotiate with Boeing yourself. It won't be difficult." Xu Cang smiled and said, "You guys are just passing by."
Qin Xin was increasingly puzzled: "Then why did he go to America?"
"It is said that Americans have no social skills, but that is the biggest joke. Xiao Lingyun has no roots in the United States, and cannot do many things. He must have someone to help him. Li Rongcheng has worked in Boeing for many years and has taken root in the United States. He must have some connections in the upper class. Without connections, Xiao Lingyun will probably have to take a lot of detours."
Qin Xin was stunned: "Connections? What do you need connections for?"
"Loans, low-interest loans." Xu Cang smiled and said, "Li Rongcheng should be familiar with banks. What is the most common operation of the government during economic downturn?"
Facing Xu Cang's question, Qin Xin was only slightly stunned, and then blurted out: "Lower the interest rate?"
“Yes, it’s a rate cut.”
As long as the interest rate is lowered, people will be less willing to save money, after all, the interest rate is lower. This is conducive to consumption.
This will also reduce loan interest rates, giving companies more incentive to borrow money for production.
In this way, companies expand the scale of product production and people consume more, which forms a very good cycle and the economy will gradually pick up.
Therefore, lowering interest rates to stimulate the economy and raising interest rates to curb economic overheating are fairly common measures.
Moreover, Xu Cang believed that the negative economic impact caused by 9/11 was huge, which would make the US government take the most drastic measures at the beginning. Not only would the loan interest rate be low, but the review conditions would also be relaxed a lot.
Xu Cang has no shortage of ways to make money now, he just lacks capital, and the United States' radical interest rate cut policy in the near future will provide Xu Cang with a perfect loan channel.
The banks in Europe are quite willing to lend money, but the interest rates are quite high, and Xu Cang really feels that it is not cost-effective.
However, this actually involves another issue...
"You don't have any American business, so how do you get a loan from an American bank?" Qin Xin asked the soul-touching question.
"Not now, but there will be one soon." Xu Cang said, "I have made a list for Xiao Lingyun. After the U.S. stock market opens on the 17th, the reality of the plunge will shatter some people's fantasies. At this time, Xiao Lingyun will acquire the assets on my list. And these assets will become the corporate entity that I borrow from the Bank of America."
It can only be said that Xu Cang's operation was a bit outrageous. He mortgaged Kingfisher Airlines and borrowed 2 billion US dollars from European banks. Most of it was used to acquire a large number of high-quality small and medium-sized assets in the United States at extremely low prices. Then, he used these asset companies to borrow money from American banks. These loans were used to repay short-term loans from European banks, and the remaining part was used for other things.
The loan interest rates of American banks are much lower than those of European banks, which means that Xu Cang's repayment pressure will not be too great.
It really does feel like pushing your left foot against your right foot and taking off on the spot.
Soon, after the companies acquired by Xiao Lingyun have overcome a temporary low, they will continue to provide blood transfusions to Xu Cang, especially Google and Apple, which will become Xu Cang's strongest arms in the future.
It's a pity that Xu Cang was reborn in the year 2000. If he had taken over Amazon a few years earlier, he would have made up the three major forces and Xu Cang would have been invincible.
However, if the approach is from Google and Apple, I think it should be enough.
Just then, the nurse directly in charge of the ward knocked on the door, then waited for a moment before pushing it open.
This is an extremely pretty young nurse with a baby-like face, but she is actually older than Xu Cang.
"There is a Mr. Long Yue who wants to visit you. Would you like to see him?" the nurse asked, sticking her head out.
"Mr. Long Yue?" Xu Cang looked at Qin Xin subconsciously. He didn't know who Mr. Long Yue was anyway.
Qin Xin frowned: "What's his full name?"
"Long Yue Mingxiong."
"Long Yue Mingxiong?" Qin Xin turned around and glanced at Xu Cang: "The president of Japan Airport Terminal Co., Ltd."
Qin Xin used to work for the Chunxia Group and knew far more people than Xu Cang, even though Xu Cang had been reborn.
"President of Japan Airport Terminal Co., Ltd." Xu Cang didn't know Long Yue Mingxiong, but he knew Japan Airport Terminal Co., Ltd. JAT, because this is the management of Haneda Airport, which is equivalent to the domestic airport group.
"What are the managers of Haneda Airport doing here?" Qin Xin pondered. "Besides, the management of Haneda Airport is not just Japan Airport Terminal Co., Ltd., but also Tokyo International Airport Terminal Co., Ltd. Why did only one of these two companies come here?"
Haneda Airport adopts a typical "upper and lower separation" management model, that is, the airport's runway, apron, and some navigation facilities belong to the state. However, in order to share the financial burden of airport construction, the terminal and other ancillary facilities are managed by Japan Airport Terminal Co., Ltd. and Tokyo International Airport Terminal Co., Ltd.
However, although the ultimate ownership of Haneda Airport is nominally in the hands of the state, in reality, it is impossible for the international company to manage every detail of the operation, and it can only set some general directions. The real management still lies with the two companies.
Therefore, it is not entirely wrong to say that the owners of Haneda Airport are Japan Airport Terminal Co., Ltd. and Tokyo International Airport Terminal Co., Ltd., as they have a strong say.
Now, the meaning of Japan Airport Terminal Corporation leaving behind Tokyo International Airport Terminal Corporation and coming to Xu Cang privately is very unclear.
However, Xu Cang seemed to have guessed something.
"Prisoner's dilemma, do you know?" Xu Cang suddenly said.
Qin Xin frowned: "I know, but now..."
Xu Cang took a deep breath and said, "Now Japan Airport Terminal Corporation and Tokyo International Airport Terminal Corporation are the two prisoners. He is here to find a way to break the impasse."
