Chapter 354 - The Biggest Winner

Chapter 354: The Biggest Winner

The business bigwigs in attendance had finally gotten a taste of the ambitions of Xing Hai Technologies.

It turned out that Xing Hai Technologies’ scheme was a business model that was more advanced than monopolistic capitalism. Its business targets were no longer companies. They were cities and small countries.

Tax was profit, and population was a capital resource. Was this not the ultimate business model?

The business bigwigs in attendance were stunned. At the same time, their minds were whirring at crazy speeds.

“Making money from this is too easy. There’s almost no need to exert much mental and physical work when it comes to this business model. It’s like collecting money in your sleep.”

“What’s even better is that we used to be sheep and were bound by rules. Now we are the rule-makers. No one can limit and restrain us. We will now stand in a higher dimension.”

“Wealth cannot span three generations! Even the greatest companies cannot maintain their status quo for a hundred years. A company cannot escape the cycle of rise and fall. But a country can easily maintain its status for a hundred years, even for three hundred years. If you don’t make a mess of things, it will not go bankrupt easily. It will be very stable.”

“And this city management system saves 80% of administrative expenses. There is no need to maintain an army. We will be collecting charges for the medical and education systems. One innate feature of this system is that it is very economical. If done well, 40% of the city’s GDP can be converted into net profit. Assuming that GDP is $1 trillion, the profit will be $400 billion. Is there even a more profitable business than this?”

“Even if the construction cost of the city exceeds $1 trillion, we will breakeven in three or four years.”

“Brilliant! Xing Hai Technologies is really brilliant. Although the cost is high, the potential benefits are limitless.”

Immediately, they were tempted. All the business bigwigs were caught up in a strong impulse to invest.

Chen Jin talked about the investment method and return model.

“The construction cost of each Domed Base is $100 billion. Including the cost of subsequent renovation and basic infrastructure, the total for one dome is around $300 billion.”

“It’s very simple. As long as you invest the entire $100 billion, you get the right to a city’s income for 99 years. All of the net taxes generated in the city’s 99-year operation belong solely to you.”

“If you don’t have $100 billion, and only have a few billion or tens of billions, then the earnings from taxes will be divided by a thousand and the percentage you get is your dividend ratio.”

“If you spend $300 billion in a one-off payment to buy up the rights to the tax earnings of a city, you will enjoy a permanent income from the city’s tax earnings.”

“Of course, it is impossible for all of you here to come up with hundreds of billions in liquid capital. But, the construction period of a dome is a minimum of two years. The transformation period of the whole city is ten years. It’s a total of more than ten years. In that time, you can continue to inject capital and increase investment. After about 15 to 20 years, the city will generate revenue and you will get a return.”

“This process is indeed long, but I believe that you will make the smart decision. What you are investing in is permanent wealth and the future, which is long-term. This is something that will not weaken even after a millennium. You will evolve from a simple businessman to a wholly different class.”

Hearing what Chen Jin had to say, the heartbeats of the business bigwigs sped up significantly. They could not help but nod repeatedly, but there were also those who had concerns.

Someone raised his hand and asked, “President Chen, if Xinghai Technologies carries out this project, will the government approve of it? This is not a normal business activity.”

Chen Jin nodded in acknowledgment. “This is a very good question, but the population of this planet is exploding, and many countries are in disarray! How can these problems be solved? Can they be solved by humans? Does the government have the ability to handle it?”

Z country’s guiding diplomatic principle was the non-interference in other countries’ internal affairs. No matter how terrible other countries were, Z country had no reason to intervene.

Moreover, many governments were totally incompetent and extremely corrupt. Every day, they were slipping further into the bottomless abyss. Even so, outsiders could not do anything about it. Those governments would not welcome others pointing fingers and calling attention to their issues. They were simply hopeless.

But no matter how hopeless they were, Z country would only send some money and technology to them occasionally to help them to get through a difficult time. It would be very difficult to directly guide them on how to govern their country. They would not know how to do it even if they were taught. They would never get used to it.

What could be done? They could only use technology to solve the problem.

“According to statistics, the number of refugees worldwide has increased to 270 million this year, and it will increase to 500 million in the next ten years, and one billion in the next 20 years. If the government has the ability to solve this refugee crisis, Xing Hai Technologies is willing to give up on the Domed Base plan and do proper business. If they don’t have that ability, Xing Hai Technologies is willing to give it a try.”

“However, a few days ago, the government gave Xing Hai Technologies $200 billion and granted us certain tax concessions. I think this should dispel your concerns. What Xing Hai Technologies is doing is creating a win-win situation for the world! We are eliminating the deserts and poverty! If there is opposition, it means that all parties disagree. After all, we are doing what is beneficial to all.”

Chen Jin was telling his audience that there was no need to worry too much. You could rest assured and just throw money into this project.

Thinking again about the one billion refugees made people terrified. That number was enough to drown a superpower; all those people of extremely low average quality devouring countless welfare and benefits… It was unthinkable!

In addition, if the government looked favorably upon this Domed Base plan of Xing Hai Technologies, they could also invest money in this project…

The business bigwigs were all nodding.

The savviness of Xing Hai Technologies was not a false rumor. It had taken everything into consideration and had the support of all forces.

Invest!

They immediately made a decision in their hearts. They would try their best to get all the liquid capital that they could and invest in this project.

So what about Xing Hai Technologies? What benefits would Chen Jin’s Xing Hai Technologies get from this project?

If the “tax rights” of 300 cities were all sold, the taxation earnings of each city would become unrelated to Xing Hai Technologies. A large piece of the pie had been given out. What could Chen Jin earn from this?

But in reality, Chen Jin was the biggest winner. This was because the distribution rights of the currency were in his hands. The currency circulated in the markets of more than 300 cities and the financial subsystems of these cities were all controlled by Xing Hai Technologies. How much money would be printed, the fixing of the level of deficit, the deposit and loan business: these were all monopolized by Xing Hai Technologies.

Xing Hai Technologies intended to build ten nuclear fusion power stations for the cities’ power systems. The electricity generated would be sufficient for the usage of all cities. There would be another unknown amount of profit collected every year from the electricity costs.

For a long time, Xing Hai Technologies had also been building a desalination plant on the seashore as part of the water supply system. The plant would be the main source of fresh water in all cities, so the company could also profit by selling water.

Hence, the financial system, water supply, power supply, and other systems were all controlled by Xing Hai Technologies. It was way too easy for Chen Jin to profit from this. He had managed to cut for himself at least a third of this large pie.

…

After the launch event had ended, every one of the almost 1,000 top domestic business bigwigs in attendance had filled out a Collaboration Agreement Form. They pledged nearly $10 trillion for the investment.

After the bigwigs returned from the event, they made an average of more than 10 calls each. Soon the domestic investment circle exploded in a flurry of activity!

Numerous businessmen waved banknotes in their hands, issuing investment requests. Although Xing Hai Technologies had set an investment threshold of no less than $100 million, it raised trillions of funds in just two or three days

…

When the overseas investment circle, with their eyes and ears relaying information rapidly to them, learned the true purpose of Xing Hai Technologies and that shocking plan, foreign investment circles also went insane. Countless foreigners waved banknotes in their hands too and requested a collaboration, hoping to get a piece of the pie.

The global capital market became extremely frenetic in an instant.