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Chapter 28 Foreign Exchange

Three million, even if it is US dollars, may not even see the chief of the Xiucheng in thirty years later.

But if it were 1984, let alone the mayor of the Embroidered City, even the Mayor of the Demon City might be able to have a lot of laughter.

Therefore, Wang Yichun's late arrival for Hu Wenhai and Hu Jiefang was at least not at all disgusting on his face.

This is not surprising. Although what he sold out seemed to be just a foreign exchange exchange agreement, he exchanged the three million US dollars in Hu Wenhai's hands into the city government according to the official price. But don't forget that China implemented a fixed exchange rate system at this time, which means it does not depend on the market supply and demand relationship. My foreign exchange management agency said that it would change as much as it would.

This system undoubtedly guarantees the country's control over foreign exchange and the idea of ​​concentrating its efforts on major tasks. But accordingly, it creates an inevitable problem, that is, the disconnection of market demand.

The USD obtained from exported materials must be remitted back to the country in full under the foreign exchange management system. Import and export companies in various places and import and export companies specializing in various products are to ensure the implementation of this policy. Any act of exporting materials but not remitting foreign exchange back to the country is an illegal or even a criminal act called "escape from foreign exchange"!

The country has foreign exchange exchanges that are exchanged with fixed exchange rates, but it is impossible to exchange them according to the official price. Otherwise, with the actual value of the RMB at that time, people would probably be able to wipe out their foreign exchange reserves overnight.

Therefore, in China in the 1980s, it was extremely rare to be able to exchange foreign exchange with foreign exchange management institutions for official fixed exchange rates.

However, after China's reform and opening up, its demand for imported products has increased day by day. This has prompted the existence of the foreign exchange black market. In a huddle outside the people's business, some people may be like CD vendors in more than ten years later, holding up every person who is in a hurry and asked: "Comrade, do you have foreign exchange?"

Although the country is so strict in its management of foreign exchange, the magic of wealth and profit is endless. Since there is a huge price difference between the exchange rate and actual purchasing power, of course, someone will look at it.

In the 1980s, import and export companies were well-known for their money because they had the power to import. They handed over some of the US dollars exchanged for exports from other companies, handed over some of the dollars to the country, and then imported foreign goods.

For example, a textile factory entrusts the export of goods of 100 US dollars from the import and export company, and the import and export company pays RMB exchanged by the official licence of the textile factory. Then a portion of the 100 US dollars is sent to the treasury for foreign exchange reserves, and the remaining US dollars are exchanged for imported goods such as automobiles, electronic products, luxury goods, etc., and the profit is dozens of times when sent to society.

It doesn’t take long. In 1984, Qionghai Province was using its special zone to bypass the advantage of planned imports, and mobilized the province to import more than 100,000 cars, using 570 million US dollars of foreign exchange reserved in various parts of the country. At the cost of a provincial party secretary, the original accumulation of reform and opening up in Hainan Province was completed in this feast and carnival of speculating on foreign exchange.

Needless to say, Wang Yichun was of course the same idea. Xiucheng did not have the advantages of Hainan's special zone, and Wang Yichun did not have the awareness of Lei Yu not wanting a black hat, but it was still okay to play the edge ball.

However, at this time, China has no opportunity to exchange foreign exchange for export technology. It has always been exporting raw materials, agricultural products, handmade or light industrial products and other physical exchanges.

In China in 1984, don’t forget that the Patent Law has not even been implemented. So how should Chinese citizens transfer foreign patent property rights and deal with the foreign exchange obtained? There is still a lot of room for operation here.

If three million US dollars can fall into the pocket of Xicheng City Government and exchange it for various imported goods to the country, it may turn it into more than 30 million RMB.

If you have a little long-term vision and import advanced production equipment from abroad, it may bring back several difficult key enterprises in the city.

"Cartain Hu is back!"

When Hu Jiefang pushed open the door of his home, he saw a familiar and unfamiliar company. He had seen Wang Yichun several times at several meetings in the city, but had never appreciated his smiling face so close.

"Director Hu has trained a very outstanding son!" Wang Yichun, regardless of his mayor's honor, grabbed Hu Jiefang's hand and shook it actively.

"Where is his ability to do a child..."

Hu Jiefang was a little flattered. It was one thing to call him name behind his back, but it was another thing to be greeted by a prefecture-level mayor in person.

"Come on, sit down quickly. This is your private matter. You have to make your own decisions." Wang Yichun turned his back on the sidelines, pressed Hu Jiefang on his chair, and then took out his plan to exchange foreign exchange instead of Hu Wenhai, and said it again.

"I didn't say that. Since the city has arrangements, of course, it will follow the organization's requirements!" Hu Jiefang said this enlightenment without saying anything. After Wang Yichun finished speaking about his plan, he immediately asked without asking and decided.

But Xiao Yeqin next to him was anxious, reached out and pulled Hu Jiefang's ear, and said angrily: "Okay, Hu Jiefang, no one in our family dares to make an idea alone, just wait for you to come back to discuss it. You should have a lot of money, you can make a decision by yourself? You asked me, my father-in-law, and Wenhai? You can make three million dollars and come back. No matter how you spend our whole family, do you have this ability? "

"You, hey, be gentle!" Hu Jiefang immediately realized that he was thinking badly. Xiao Yeqin was right. No one in the whole family dared to make an idea alone. He waited for a long time until he came back.

But this does not mean that Hu Jie was able to decide such a big thing at home. At least in the 1980s, women could really stand half the sky in the city's dual-working families.

There are no feminist fighters in this era, and there will be no women going to the subway to raise signs and shout "I can be sexy". In these ordinary dual-working families, women only fulfill their obligation to make money to support their families, so they naturally enjoy equal treatment with men.

Even the most rigorous observers and critics cannot deny that in Chinese cities in the 1980s, the status of female workers in society was definitely the highest era in China's history.

Xiao Yeqin respected him and respected Hu Jiefang as a member of this family, so she was anxious to ask Hu Wenhai to call him back.

"Wife, I'm wrong. You let go first, let go--"

It's fiery—

"Xiaoqin, let go first." Hu Shiwu set off a match, took out a cigarette from his pocket and lit it for himself.

When Xiao Yeqin heard his father-in-law's words, she let go of her hand and sat back in anger. Hu Jiefang breathed, and was about to sit back on the chair, but suddenly heard Hu Shiwu slamming the table and snorting coldly: "Boy, did I let you sit? Do you have a home in your eyes, do you have my father? Do you think I am old and dying, and you don't have to listen to my opinions anymore?"

"Dad!" Hu Jiefang was shocked and couldn't cry: "I didn't mean that--"

"Okay, stand aside for me and you won't bother others." Hu Shiwu turned his head and stopped looking at him, but instead focused his eyes on Hu Wenhai at the door.

The Hu family’s house is actually not big, especially the room of Hu Jiefang and his wife. There is a bed by the window and a row of combination cabinets. The rest of the place is squeezed with a sofa and a coffee table. It is difficult to sit down when there are too many people in the family.

Today, several people from the Old Hu family were crowded in this room, and Wang Yichun was added, so Hu Wenhai had no place to sit, so he stood at the door temporarily.

"Wenhai, you made this money, so you can make the decision, what do you think!"

"Dad, he has the idea of ​​getting three million dollars for his family?!" Hu Jiefang was shocked and couldn't help but object.

"What's wrong? At least he has his mother and his grandfather in his eyes. I think he is much more sensible than you!" Hu Shiwu looked back with a look and pressed back what Hu Jiefang said.

Hu Wenhai glanced at Wang Yichun, and Mayor Wang had a clear look of disappointment on his face, and he was obviously disappointed that Hu Jiefang was jointly suppressed by Hu Shiwu and Xiao Yeqin.

This doesn't work.

Hu Jiefang must not leave a bad impression in front of the mayor. Factory 501 has been assigned to the local area, and its jurisdiction is largely in the Xiucheng Industrial Bureau. In the long run, the convenience and protection position of Factory 501 can provide Hu Wenhai with a value of more than three million US dollars.

Of course, this does not mean that Xiao Yeqin or Hu Shiwu have no overall view, but that they have historical limitations. If it were normal, Xiao Yeqin would definitely pay great attention to maintaining Hu Jiefang's image in front of outsiders.

But this is three million US dollars, and now the entire 501 factory may not be as valuable as three million US dollars. Then Hu Jiefang's behavior of giving up the power of three million US dollars can never be confirmed in front of Wang Yichun. If Xiao Yeqin had not seen the opportunity quickly, Wang Yichun would take advantage of the situation to confirm Hu Jiefang's promise - this would definitely be a disaster for the interests of the old Hu family.

Judging from Wang Yichun's several actions in this matter, he may not take the interests of the Old Hu family seriously after obtaining the initiative.

Therefore, this matter must be both struggle and united.

Hu Wenhai thought for a while and said happily: "Mayor Wang wants these three million dollars, I think there must be a city's consideration. Whether it is my grandfather or my father, our family has received a lot of care from the organization, and I am willing to do my best to repay the organization's care. However, I am still a little selfish. I originally wanted to leave a part of my comrade-in-arms, Uncle Heng, who supported my father's comrades, to go to the battlefield. Mayor Wang may know that Elkan is here to everyone. Oh no, Canada also has some military-industry colors, and can import some advanced foreign military equipment through them..."
Chapter completed!
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