Dominate South Asia
Chapter 510: Revisiting the Old Place
"Our American friends helped us a lot during our fight against the Soviets," Mhamad said. "They provided us with quite a lot of interest-free loans. Now that the war is over, we should pay them back." The debts of our American friends have been reduced. Sheikh, how much money can we use from our foreign exchange reserves to repay our American friends?”
Mhamad spoke very solemnly, and Sheikh said: "Mr. President, our foreign debt is now 80 billion US dollars, and our annual gross national product is 50 billion US dollars. We are actively getting rid of this situation. However, now that the war in Afghanistan has just ended, we need to continue to provide more food and more jobs to Afghanistan, and domestically, we are also constantly investing funds. Now, our foreign exchange reserves are 300,000 US dollars. I was just about to report to you that I need to borrow another amount of foreign exchange from Saudi Arabia for emergency purposes.”
Pakistan’s foreign debt is 80 billion? Hearing this, even Robert frowned. How could Pakistan have so much foreign debt?
"Why is it only 300,000 US dollars?" Mhamad said: "I remember last month, there was 800,000 US dollars?"
"We purchased a batch of grain from Australia, which cost us US$500,000," Sheikh said. "Our country has been unable to make ends meet."
Hamad gritted his teeth, looked at Robert beside him, and said, "Mr. Ambassador, how about we repay your country 300,000 US dollars first, and then we can figure out a solution for the rest?"
Three hundred thousand dollars! You owe 20 billion! After hearing this number and looking at the two people playing the double act in front of him, Robert finally remembered the domestic evaluation. This Mhammad is really a profiteer!
"Your country is a big country in South Asia. It has foreign exchange reserves. How come it only has 300,000 US dollars?" Robert said: "What about your gold reserves? You can use gold reserves to offset it!"
Who are you lying to? With such a small amount of foreign exchange reserves, if there is a financial crisis, your country's economy will collapse? Of course Robert would not be fooled and immediately retorted. Since there are no foreign exchange reserves, just settle with gold! Don't say that your country doesn't even have gold reserves! Otherwise, the rupees you issue are just a piece of waste paper!
"Alas, we have dragged along the burden of Afghanistan, and there is nothing we can do about it," said Mhamad. "We have been fighting the Soviet Union for eight years. Our national strength has long since been wiped out, and we all rely on external assistance. Our foreign exchange reserves are almost exhausted, and we still owe With so much foreign debt, this gold reserve is ready to be used at any time. Pay for inflation. If we give it to you, our economy will collapse at any time. Well, we have just discovered a gold mine in Afghanistan, and the annual gold output is half a ton! What do you think of this gold mine to pay off your debt?”
Half a ton of gold? That's less than five million dollars, like that. How many years will it take to pay back $18 billion? The expression on Robert's face became increasingly ugly. He knew that today would definitely be a failure!
Thirty thousand dollars, to give away to beggars? Seeing Robert leaving with a very ugly look on his face, Sheikh suppressed the expression of laughter. It was not until the other party left the Presidential Palace that Sheikh couldn't help but laugh. At the same time, he asked Hamad: "Mr. President, will the Americans become angry if we do this?"
It is only natural to pay back debts. Now, Pakistan has been defaulting on its debts, and... Today, Pakistan has enough ability to repay its debts, but Mhamad still does this, which makes Sheikh guess.
"We will delay the debts of the Americans as long as we can. After the delay, maybe the Americans will forgive our debts." Mhamad said: "If we directly repay all the debts of the Americans. On the contrary, it will Let Americans be wary of us and think that our rapid economic development will threaten American hegemony.”
Put it off until later! Hamad, who comes from later generations, certainly knows the major events that happened in later generations. Iraq invaded Kuwait, and multinational forces led by the United States began to intervene. Only by controlling oil can the world's dollar system be protected. Moreover, with the end of the Cold War, Americans' ambitions have gradually begun to expand. Hamad has long had a series of plans to allow Americans to forgive their debts. If you can afford it, why pay it back now? This 18 billion, used in domestic economic construction, can make the country's economic development faster!
But now, Pakistan has paid off all its debts without saying a word, which will only make Americans realize that Pakistan is already an economic power, which is not allowed by the United States.
So, drag it if you can!
However, the arrival of the US ambassador today has sent a bad signal. Americans did not press debts before, but now come to collect debts because they have seen Pakistan’s achievements in aviation! Pakistan can already manufacture its own fighter jets, and the Americans will definitely try their best to strangle Pakistan's aviation industry in the cradle!
Hamad knows that he must be firm. Even if there is a stalemate with the Americans, he must unswervingly develop his own industry!
This is how Americans behave. When you don't have it, they will monopolize you, do everything possible to interfere with your independent research and development, use various means to obstruct it, suppress it while throwing bait. Only when you have it, you will immediately change your face and realize that you already have the capital to fight against him.
Wasn't this what China's fortune was back then? After the Yun-10 took off successfully, the United States became anxious. The president of McDonnell Douglas personally came to China and vowed to jointly produce the latest McDonnell Douglas aircraft with China. As a result, the Yun-10 project was killed. From then on, the development of large aircraft The dream is over. All the commercial airliners flying in China's sky are from the United States and Europe.
Of course, Mhamad will not make such a mistake. It is independently developed and certified, especially for national defense!
Mhammad looked at the large-scale world map on the wall. With the end of the war in Afghanistan, his vision has gone further. Pakistan's future is to dominate South Asia!
Spring has arrived. This is a prosperous season. The capital of China and the international airport are a sea of joy.
Countless young pioneers, holding flowers, watched the plane slowly slide towards the tarmac. This plane was the United States Air Force One!
The cabin door was opened, the ramp car had already driven over, and the red carpet was laid out. In the warm welcome, US President Bush and his wife Barbara appeared in front of everyone.
This is not the first time. Bush Sr. is very familiar with China. In the 1970s, Bush Sr. served as the director of the U.S. Liaison Office in China. In his spare time, he often rode his bicycle through the streets of the capital.
Therefore, George H.W. Bush can be regarded as someone who is familiar with China. This time, he became the President of the United States and came to China again, which gave him a feeling of revisiting his old place.
China sent its foreign minister and premier of the State Council to the airport to greet the US president and his delegation, and the scene was lively and grand.
At this time, China's political stance was still very close to the West. After all, the two sides were still in the honeymoon period, with the Soviet Union as a common enemy. Unfortunately, this honeymoon period was about to end.
At the Diaoyutai State Guesthouse, China's chairman, the chief architect of reform and opening up, had a cordial meeting with Bush Sr. The scene was still in a friendly atmosphere.
After chatting for a long time about the friendship between the two parties, we finally got down to business.
"We are always worried about China's armaments." Bush said, "Especially the Air Force. Your equipment is not good. In the past, we mentioned a plan for joint cooperation, but unfortunately it died. Now, we The United States is willing to improve fighter aircraft for your air force and provide supporting upgrades for your most advanced J-8 fighters.”
In the past, the United States hoped to arm the PLA with a full set of American equipment, including front-line F-15 fighters, various advanced ground combat vehicles, etc. However, it needed to be commanded by American staff during the war. This is equivalent to China losing its independent national defense. Of course, China will not agree.
After that, the military cooperation between the two sides cooled down temporarily. Now, Bush Sr. mentioned the military cooperation between the two sides again. This time, it was to help China upgrade its fighter jets, without any additional political factors.
Hearing this, the director of the Three Machinery Department, who was sitting in a corner, suddenly felt happy. This is good news!
At the beginning, Grumman had intended to upgrade their fighters. If the J-8 had an improved fire control system, it would definitely become China's most important fighter! Unfortunately, at that time, it was said that advanced radars could be produced domestically, especially since the president of Pakistan vowed that even Pakistani fighter planes would use this kind of radar. As a result, the project was abandoned.
After that, supporting radars were developed and installed on J-8 fighters, which indeed gave the J-8 the ability to look down and shoot down. However, the lack of supporting missiles still prevented the fighter's performance from being effectively used. Now, Shenfei has completely lagged behind Chengdu. Chengfei's new projects have begun test flights, but Shenfei still only has the high-altitude and high-speed J-8 aircraft. If this phenomenon is not changed, Shenfei will gradually lose its reputation. Losing the trust of the military will give Chengfei a greater say in the military!
This is what he doesn't want to see, and what many supervisors don't want to see. After all, he came out of Shen Fei in the first place!
"We will not put forward any additional requirements. We are completely helping your aviation industry progress." Bush said: "General Dynamics is very willing to carry out supporting modifications for your fighters, and they have also proposed a new Plan." (To be continued~^~)
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