Extraordinary Genius - Chapter 1037

Chapter 1037 – Reality

Without the leader creating problems, the negotiation with Changhong went on smoothly.

Wind and Rain Home Appliances will exchange shares with Changhong. Wind and Rain Home Appliances will use 35% of their shares and 50 million USD to exchange for 49% of Changhong’s shares. The original management teams will be unchanged, but each party will send two finance officers to the other company.

Both parties will cooperate on developing TVs, LCDs, etc. They will also be helping each other with Infrared sensors, digital cameras, etc.

It is a surprise for Feng Yu to know Changhong had been working on digital camera technologies for a few years. This technology can be used on Wind and Rain mobile phone.

Also, Wind and Rain Home Appliances’ infrared sensor technologies are useful in military equipment. In the past, Wind and Rain Home Appliances had developed this technology for their robot vacuum.

Feng Yu knew many of his technologies are suitable to be used by the military and civilians. Many MNCs in Japan and Korea are working with their military to develop sophisticated equipment and weaponry.

Although after the Soviet Union dissolution, the arms race is not as intense as before, countries are still fighting to have the most advanced weaponry.

If the military were to develop their equipment, the cost would be high, and it’s hard for them to recover the cost. After all, China’s military products are not popular in the international market. This is also because of the Western countries’ technology blockade in China.

A few years ago, many of China’s military factories were converted to civilian factories, as the Chinese government cannot support so many military factories.

After the conversion, many of these factories gone bankrupt merged, and some were even sold to private entities.

These military factories, who were producing military uniforms, had to produce to making uniforms for factories.

But some of the state-owned enterprises also started working with the military.

The factories started producing products for civilians to fund military product production and development. Of course, these factories will request for funds when their funds run low.

Changhong is a company that has a military background, and Feng Yu does not know about this. Changhong even has a research center to develop new products for them and the military.

After Feng Yu knows about this, he felt this is an opportunity for him.

If this research center can develop new technologies for the military, it can increase China’s military standards and also use the technology for civilian products.

But after this incident with the State Administration of Industry and Commerce, Feng Yu learned that being too successful will be a target for many greedy officials.

In Feng Yu’s previous life, most of the tycoons have government backings and titles. But in this life, Feng Yu is too young and does not have any affiliations with the government.

Feng Yu starts to consider if he should get a government title or backing as his talisman. But his title cannot be too high as he will be restricted from traveling overseas, and if his title is too low, it won’t be very meaningful.

Feng Yu prefers to get the title of being a representative of some government agency or a committee member of some government departments. This is just what the tycoons from his previous life did.

With a government title, Feng Yu can help China achieve some political intentions and make money at the same time.

There is a saying, ‘wealth will not last after three generations.’

This is not because the family does not have any successors to carry on with the family’s business. It is because it’s hard for the earlier generations to pass down their connections. If you are close to the higher-ups of the government, you can enjoy your wealth for the rest of your life.

But your offspring might not have such connections and cannot enjoy the protection from the higher-ups. It will be too difficult for them to carry on with the family business.

Another reason is the rise and fall of industry.

When you started a business, and it is the rise of this industry, you will make lots of money. But if your children or grandchildren take over the business and the industry starts to decline, there is no way for them to prosper.

The business must switch to another industry, but most wealthy families failed during the transition.

Of course, another reason is the changing of powers at the top. Allies of the former government leader will be dealt with by the new leader and have their wealth confiscated. But this seldom happens unless you betrayed the country.

Most people will not be so stupid to betray their country.

Why are so many Americans so arrogant? It is because the US is the strongest country in the world. Whenever something happens, Americans will shout: “I am American!”

China used to be a superpower in ancient times, like the Yuen Dynasty.

However, China’s development in the later years cost it to be in its present state. As the new China rise, China’s status in the world also rose. But the Chinese military is still weak compared to many other countries.

China claims to have the strongest ground forces in the world. Disregarding if this claim is true, ground forces are mainly used for defense.

Land, sea, and air forces. China’s navy is weak, and because of its weak navy, it resulted in the tragedy that happened in the past. After many years of development, China’s Airforce is catching up with other developed nations, and its aviation industry had become world-class. This is also due to Feng Yu’s credit.

China is still lagging behind other developed nations on the production of a precision instrument. An example is the tip of the ballpoint pen. China is unable to produce the tip and had to import from Japan and Germany.

China’s optical instrument is also lagging behind many nations. This can be seen from the camera equipment production.

In Feng Yu’s previous life, most of the digital cameras in the market are from Japan, South Korea, and the Western countries.

China’s domestic brands of digital cameras give consumers the impression of poor quality, short battery duration, and small storage.

Feng Yu knows China does have high-end domestic manufactured products. But the technologies used are not developed locally. Even the optical equipment used by the Chinese military is bought from overseas!

Feng Yu hopes everything will change in his present life. Although Changhong’s technologies are not the most advanced, all the basics are there. He believes that with money, he can increase the standards of these technologies.

When Feng Yu mentioned that he wants to research optical technologies, Changhong immediately agrees and offered their support. This support is actually from the military.

But when Feng Yu arrives at Changhong and saw the research center’s research reports, he realized that he had been too optimistic.