"This is the ridiculous joke I've heard."

In the Presidential Palace of Gosnell, President Rui told European journalists Kantz and Bernstein who came to interview:

"Does Westerners regard us Africans as fools? Please don't underestimate our wisdom! Should we accept help from China? Will these help cause harm to our economy? Do we don't understand?"

"President Rui has happened in history. The debt crisis in Latin America was because they accepted too many loans. When they received loans, the economy was very prosperous, and when these loans were used up and they needed to pay off their debts, a serious economic crisis occurred." Kantz taught Rui economics lesson.

Rui nodded and said, "Thank you Mr. Kantz for your reminder. In fact, our Chinese friends have given us the same reminder. They analyzed to us the reasons for the debt crisis in Latin America. This was entirely because the loans provided by Western consortiums at that time, but we accepted loans from China."

"Can you tell me, is there any difference between Western loans and Chinese loans?" Bernstein asked.

Rui said: "Our Chinese friends said that the reason why the West provided a large amount of loans to Latin America back then was that the Western economy was in stagflation, and there were a large amount of hot money in the Western financial market that could not find a way out, so they set their sights on Latin America. These Western consortiums lent the money to the Latin American government to encourage them to build various large and inappropriate engineering projects, and even use them for some luxury consumption. So, after spending the money, these countries were in a debt crisis. By the way, the poverty of many African countries is also thanks to these Western consortiums."

"Uh..., I admit that some Western bankers may be irresponsible." Contz's face turned a little red. As a financial reporter, how could he not understand the tricks?

"So, what are the loans for Chinese people?" Bernstein asked.

"When Chinese people provide us with loans, they have a complete set of repayment plans. They say this is the method they took when they borrowed money from the West in the past. They will ensure that each loan application can form debt repayment ability, and if an investment cannot get financial returns, they will advise us to give up the project."

"This sounds so profound." Bernstein muttered.

Rui smiled and said, "In fact, it's easy. The Chinese helped us make detailed economic plans and told us that if we build a fertilizer plant, we can reduce the foreign exchange support for imported fertilizers from abroad every year, and how much tax can be created for the government. Finally, they concluded that investing in a fertilizer plant will take only four years to recover all the investment and pay off all the loans. In fact, even I can understand their algorithm, let alone our economic officials."

Kantz asked meaningfully: "Does this mean that Africa will become an economic colony of China?"

Rui said seriously: "China does not regard Africa as an economic colony. China regards Africa as an equal trading partner. Their technology is more advanced and more sufficient. They use funds and technology to help us develop. In fact, Gosnell's economy has grown by more than 15% every year in the past two years, and many of our farmers have been able to have enough food. This is something that Europeans have not done in Gosnell for hundreds of years. If you think this is economic colonization, then I think this may be a good colonization."

A few days later, a European newspaper published an article written by Kantz and Bernstein, "President Gosnell said he welcomed China to carry out economic colonization." The article interpreted Rui's conversations in various black and white interpretations, and even claimed that he saw various interesting expressions on Rui's face, indicating that his words were full of insincere words.

Once such an article was published, it naturally caused a large number of boring people to clamor, but European politicians knew very well that the so-called insincerity did not exist at all. The words Rui said were actually the attitudes of African governments towards China. Behind this title party is the recession of European forces in Africa and the rise of Chinese forces in Africa.

Perhaps, it is also good to let the Chinese develop in Africa, at least it can restrain the Americans' attention, right?

European politicians comfort themselves like this. In fact, they also know that they are no longer able to participate in international governance, and they have become spectators about the matter on Blue Star.

"I heard that Chinese companies have already proposed to their customers to postpone supply due to lack of subsequent chip supply. This is your opportunity. You should expand production, seize the market, and squeeze the Chinese out of Africa and Latin America."

In the White House office, Map said to Raykin, president of the Hayfie Company who was visiting.

"Mr. President, since you issued a chip ban on China's Luoye, Chenyu and other companies, our competitors in China have indeed encountered great difficulties. They are now modifying product designs, trying to replace the chips of Lanna and Plaster. However, this will take some time, and the modified design may not be immediately recognized by users. This is indeed a good opportunity for us." Lei Jin said.

"Then what are you waiting for? Why are you still sitting here with me instead of rushing back to arrange production immediately. You should produce 1 million dump trucks to replace Chinese vehicles in various mines in Africa and Latin America." Map said. He is not a person without common sense. The so-called 1 million dump trucks is just an exaggeration he is used to.

Lei Jin smiled bitterly: "Mr. President, I came to visit you because we encountered new difficulties. If these difficulties are not solved, our products will not be competitive and will not even compete with the previous generation of products made by the Chinese."

"What's the difficulty?" Map asked with a frown.

"This difficulty comes from another order issued by the President. You announced last month that you imposed a 50% tariff on metal products from China, which greatly increased our production costs. You know, our products have never had a strong advantage in price. Once the cost increases, and it is greatly increased, our products will be even less likely to compete with Chinese products."

"Why will I increase your costs by taxing metal products?" Map asked in surprise.

Lei Jin sighed and said, "It's true that the dump trucks and other construction machinery we manufacture need to use standard parts from China, including gears, bearings, connectors, etc., which are all metal products. The cost of these standard parts accounts for more than 20% of our equipment cost. If the tax increases by 50%, it means that our equipment cost will increase by 10%.

"You mean, at least 20% of your equipment costs are used to purchase standard parts from China?" Map asked.

"In fact, in addition to standard parts, we also have some accessories customized from China, which also account for a considerable cost. We hope that the government can remove these standard parts and customized parts from the tax increase list, so that we can reduce our production costs and improve our competitiveness."

"No, no, no, I'm going to do the opposite. I'm going to raise their tax rates, say, increase the tax rate to 100%, or even 200%," Map said.

"Why?" Lei Jin was stunned. This guy turned his back on his face no matter how he said that he was thinking wholeheartedly about the company, but now he actually speaks like this.

Map said: "It's very simple. I hope you will give up importing standard parts from China and don't let your Chinese partners make any accessories. You should let American companies provide you with supporting facilities so that you can revitalize American manufacturing."

"But there is no such factory in the United States. Companies similar to ours import these standard parts from China," Lei Jin argued.

Map said: "That's right, what I want to change is this unreasonable phenomenon. Mr. Lei Jin, please tell your colleagues that I will temporarily keep the tax rate of metal products at 50%, but I will soon increase them to 100%. If the tax rate still cannot prevent American companies from importing accessories from China, then I will increase the tax rate to 200%, or even more. Your only way out is to find suppliers in the United States. I think the small business owners in Texas will thank me for this policy, and when you cooperate with them, you will also know how great my policy is, because you no longer need to go across the Pacific to buy accessories."

"Sir President, this is not the case!"

"Mr. Lei Jin, I'm sorry, your meeting time has come."

“…”

Lei Jin was pushed out by his secretary. Map turned to the Secretary of Commerce Fitzel, who sat aside and remained silent, and said: "These hateful businessmen have no interests in the United States at all, they just think about their own interests. They hope that I will defeat Chinese competitors for them, but they are unwilling to support American accessories suppliers. I will not tolerate them in this way. The Ministry of Commerce will launch an anti-dumping investigation into Chinese metal products. If necessary, companies can be prohibited from purchasing these damn standard parts from China."

"This may affect the normal production of American companies." Fizell reminded.

"They can solve these problems themselves."

"Okay, I'll do it."
Chapter completed!