Chapter 445 Going Further

"Haha, mainland China also has the TOEFL exam, does that count?"

Seeing Wang Deming's gentle attitude, Smith was sure in his heart that he had made a joke.

Wang Deming thought: There is a TOEFL test so early?
However, it is also understandable that since the reform and opening up, especially after the country vigorously launched government-sponsored study abroad, foreign countries have become an ideal place for many domestic students.

A good life is what everyone yearns for, especially in the 80s when the per capita income in China was only US$200 a year.

If you do odd jobs in the United States, you can earn $200 a week, and that's not considered a serious job.

Smith was still talking, "It's ridiculous to say that the US said that in order to ensure the integrity of the test scores, not only the graded papers were shipped from the US, but also the pencils, erasers, and pencil sharpeners were all shipped from the US."

"Hey, one dollar for a pencil is a steal."

"Oh, how many people are participating?" Wang Deming sat on the sofa, crossed his legs, and smiled.

"A lot, of course it's not a lot? It's said that there are hundreds of thousands of people participating." Smith curled his lips, "The TOEFL Association in the United States made millions of dollars this time."

Wang Deming smiled and waved his hands, "No way, they know the rules."

"It's like our electronics business. We have to do what the US says."

"By the way, how is the release of arcade games in North America going?"

When this was mentioned, Smith's lips moved, "Boss, there is something I need to tell you."

Wang Deming raised his coffee and said, "You say." Then he took a sip.

"Several of our distributors in North America," Smith said with a wry smile, "are secretly fighting to gain more territory and buy our arcade game machines."

"Uh" Wang Deming was stunned, "Why?"

"Isn't it because our arcade games are selling so well?" Smith shrugged. "Also, Wall Street asked us if we are willing to go public on the New York Stock Exchange?"

“They promised that our market value would definitely exceed Atari’s!”

"Oh, and how much do they want?"

Smith held up three fingers.

"Tsk tsk, their appetite is too big. Give them 15%, and you go talk to them next." Wang Deming suddenly remembered that he used to be the president of the collection department of Citibank in Hong Kong, and has now been transferred back to Citibank headquarters.

So he ordered: "Go find the people from Citibank, they will help us negotiate with Wall Street."

"Yes!"

After Smith left, Wang Deming tapped his fingers on the sofa and thought to himself, "Now is the right time to invest in the U.S. stock market."

“This was at a time when the U.S. electronics industry and personal computers were just beginning to take off.”

"Let's go public first and make some money. Atari's market value is about 30 billion US dollars. It shouldn't be difficult for Universal Electronics to make 20 billion. Then I'll make 10 small profits from it."

"By the way, when did Apple go public?"

Wang Deming smiled bitterly and shook his head. It didn’t make much sense whether he bought the apple or not at this time.

Gold futures are the most profitable in this era.

Wang Deming stayed in Hong Kong until after the Spring Festival in 82 before leaving for Beijing.

He has seen the things in the capital very clearly, and he has turned a blind eye to many things, so he can't write too much.
In 81, the regulations on collective economy and township economy were officially released. From 81 onwards, the contracting system became popular in China. As long as you made friends with the state and the collective, the rest would be yours.

Doesn’t it sound similar to the commune system?

It was also a coincidence that when Wang Deming arrived in Beijing, a movie was released in full swing, "Shaolin Temple". The movie sold 1 million yuan at a ticket price of 6 yuan.

After receiving a salary of 200 yuan, the lead actor Jet Li was persuaded by Hong Kong and went to Hong Kong.

Wang Deming specially booked a theater and only after watching the movie did he request an appointment with the leaders.

The leaders of the Third and Fourth Ministries of Machine Building in the capital were more enthusiastic about Wang Deming's arrival than before.

Wang Deming first went to meet with the leaders of the Fourth Ministry of Machine Building.

When the leader of the Fourth Ministry of Machine Building met Wang Deming, he shook hands with him and refused to let go.

"Comrade Deming, I sent messages to you several times last year, but I never received a reply from you. I wonder if Smith, the Englishman from Global Electronics, has told you anything?"

"This year, the government has paid more attention to joint ventures and proposed a policy of three exemptions and two reductions."

“The first three years are tax-free, and the reduction is halved in the next two years.”

"Comrade Deming, I hope you can convince Universal Electronics to build a factory in our mainland."

Wang Deming shook his head. "Leader, it's not that I can't convince Universal Electronics, but if Universal Electronics opens a factory in the mainland, it will involve issues of electronic product supply and quality standards."

“These two questions are actually one.”

"After I returned to Hong Kong from the UK, I specifically talked to Mr. Smith of Universal Electronics." He paused for a moment and looked directly into the eyes of the leader of the Fourth Ministry of Machine Building. "Leader, Mr. Smith said that he was unable to negotiate a supply contract for integrated circuit boards and other electronic products with the mainland last year?"

"Can I ask for details?"

"As far as I know, the North China Electronic Equipment Factory alone has sufficient supply capacity, but..."

Wang Deming deliberately left his words half-finished, as some things can only be said briefly.

The leader of the Fourth Ministry of Machine Building immediately began to complain, "Comrade Deming, you should be more aware of the current situation in our country."

"The domestic technology in the electronics industry is already very weak, and there is a huge gap compared to foreign countries."

"It's not that our Fourth Ministry of Machine Building has not held a meeting with several factory officials in Jiuxianqiao, but unless we introduce new technologies to change the current backward situation, the electronics factories in Jiuxianqiao will be powerless."

"In the past few years, we lacked so much!"

Wang Deming raised his eyebrows, "Leader, I heard that there are too many people taking over now?"

"Old workers are retiring or giving up their positions, and the new workers who are taking over have not received any training from the factory technical school before they are hired directly. They are all novices."

Wang Deming has another reason that he did not mention, the leaders who came back from ups and downs.
The leader of the Fourth Ministry of Machine Building had a very unpleasant look on his face, frowning, "Comrade Deming, you know the current situation of the country."

"In order to solve the employment problem of the educated youth who returned to the city, we have been thinking hard, pooling our wisdom and constantly looking for solutions."

"Last year, the country officially recognized the individual economy."

Wang Deming could not deny that "Global Electronics requires a yield rate of at least 90%."

"That's basic."

"In addition, there is a designated third-party study by a domestic research institute, and no conclusion has been given in China yet."

"If China has this level of technology, Universal Electronics would be willing to build a factory in China."

After Wang Deming stated this condition, he turned around and left.

Confucius said it well, if you are close to them, they will be disrespectful, if you are far away from them, they will complain!
(End of this chapter)