The flowers in the factory of rebirth are too fierce

The three of them drank and chatted until midnight.

Jin Huaying has the smallest capacity for drinking. After one or two liters of white wine, she becomes a little drunk.

"Minister, Zhiyuan, I will go back to Ge'an tomorrow. I have nothing to do here." After the previous questioning, the superior clearly told Jin Huaying that he could leave Yanjing.

But Lin Zhiyuan obviously did not receive this sentence.

Li Zhenshan waved his hand, "Okay, let's just drink here today. I have something to do in Zhiyuan tomorrow!"

"Minister, can you tell me who else I'm going to see tomorrow?"

"You will know when the time comes." Li Zhenshan remained tight-lipped.

Lin Zhiyuan stayed at the Liaison Office in Beijing for the night. The next morning, Jin Huaying went back to Ge'an alone. He got into Li Zhenshan's car and rushed to the next unknown destination.

As soon as he got in the car, Lin Zhiyuan began to close his eyes and rest his mind again. He didn't know where to go anyway, so he could go anywhere and be at ease.

After driving for half an hour, Lin Zhiyuan realized that they had entered the Government Affairs Council.

This was Lin Zhiyuan's first time here, and he couldn't help but feel a little excited.

After getting off the car, Li Zhenshan told Lin Zhiyuan, "When you meet the leader later, just answer whatever the leader asks and don't say irrelevant words."

Lin Zhiyuan nodded and followed Li Zhenshan into the building.

Li Zhenshan took him into an office upstairs, where he met the leader who almost punished him at the end of last year.

This meeting was very different from half a year ago. When the leader saw him, he smiled broadly and said, "Xiao Lin is here. Please sit down. I want to apologize to you."

Where was Lin Zhiyuan willing to sit down, "Boss, you are serious..."

"No, this apology comes a little late. It is precisely because of your persistence that you have saved the country more than 10 billion in losses. If you had followed the trend and agreed to locate this steel company in Nanyang under pressure, the consequences would have been unimaginable. "The leader held Lin Zhiyuan's hand and said, "You are a responsible young cadre."

Although Zhang Wenyi and Zhang Zhicai had both apologized to Lin Zhiyuan before, the weight of what they said from the leader's mouth was quite different.

Lin Zhiyuan has withstood the pressure for more than a year, and today the organization finally cleared his name.

"Okay, you are the protagonist today. There is a meeting waiting for you later. Don't be nervous when you get there. Say what you have to say. Just say what you said against me before." The leader laughed and said. Lin Zhiyuan blushed.

Lin Zhiyuan only sat here for five minutes before a secretary-looking person took Lin Zhiyuan upstairs.

There were about thirty people sitting in the conference room, including the leaders and experts in the financial field who met yesterday. The person presiding over the meeting was the leader in charge of finance from the Government Affairs Council.

Professor Li, who asked Lin Zhiyuan yesterday, was also present.

As soon as Lin Zhiyuan entered the room, these people all stood up and applauded.

This made Lin Zhiyuan blush. He kicked in and out of the door, wondering whether he should go in or not.

The leader in charge of finance smiled and waved to him, "Xiao Lin, come in, these people want to hear your opinions."

"Leader, stop joking. I am a layman in finance, so I don't have any great opinions."

The leader shook his head, "Although you are not a professional financial practitioner, what you have done is beyond what these professionals can do."

Lin Zhiyuan finally walked into the conference room and sat in the seat that had been prepared for him, right next to the leader.

"Okay, the protagonist is here, let's start the meeting."

"Everyone already knows Xiao Lin's point of view, so I won't repeat it here. We specially invited Xiao Lin here today. If you have any questions, feel free to ask."

Lin Zhiyuan thought to himself, it turned out that this was the purpose of calling me here today.

Among the people present, Professor Li and Lin Zhiyuan had met once and were considered acquaintances. He was the first to ask the question.

"Mr. Lin, according to your analysis, will this Nanyang financial crisis expand?"

Lin Zhiyuan nodded, "It will definitely expand, there is no doubt about it."

After hearing Lin Zhiyuan's answer, everyone present looked confused. One of them, a person whom Lin Zhiyuan didn't know, raised his hand and asked, "Mr. Lin, in your opinion, how widespread is the impact of this financial crisis?"

It’s now time, and Lin Zhiyuan no longer needs to pretend. Anyway, his personality has been established, and he is not afraid of others’ suspicion. “In my opinion, this financial crisis will affect the entire Southeast Asian countries, and may even spread. to all of East Asia.”

There were gasps of air in the conference room.

Lin Zhiyuan is not alarmist.

Although the Nanyang financial crisis began in Nanyang, it quickly spread to East Asia.

In November, Goryeo and Dongsang were hit.

11月6日，日经225种股票价格指数跌至16000点以下。日元兑美元汇价也持续跌落，12月8日，该汇价跌到130：1，国内资金大量外流。11月份，4家金融机构的倒闭是东桑国金融危机的集中体现。

On November 11, Sanyo Securities Company, which was in operational difficulties, applied to the local court for reconstruction using the "Company Reconstruction Act". This was the first securities company in Dongsan to apply for bankruptcy using the "Company Reconstruction Act".

On November 11, the Hokkaido Takushoku Bank collapsed, shattering the myth that "big banks can't fail" in Tosanguo, and once again severely damaging people's confidence in the financial system of Tosanguo.

On November 11, Shanyi Securities Company declared bankruptcy, which was the most influential incident in this series of bankruptcies of financial institutions. Yamaichi Securities Co., Ltd. was founded in April 24. It has 1897 domestic business outlets and 4 overseas outlets in Tosan State. Its total assets are as high as 118 trillion yen. It is the fourth largest in Tosan State and the tenth largest in the world. The securities company, on the occasion of its 35th birthday, suffered from bankruptcy.

As soon as the news of the bankruptcy of Yamaichi Securities was announced, Tokyo stocks instantly fell by 800 points. At the same time, major financial markets around the world were also in turmoil. The New York Dow Jones stock index fell 113.15 points, the stock price indexes of major stock markets in Western Europe generally fell, and the stock markets in Southeast Asia also fell across the board. One wave has not subsided, and another wave has arisen. With deposits continuing to shrink and stock prices plummeting, Deyang City Bank finally declared bankruptcy on November 11 because it could no longer bear the burden of rising non-performing assets and heavy losses.

In the Asian financial crisis, Dongsanguo suffered the least impact, but it still brought a series of heavy blows to its economy.

Although Dongsang Kingdom suffered heavy losses, it pales in comparison to neighboring Goryeo.

Before the financial crisis, Korea ranked 1nd in the world with a per capita GDP of US$32. This data far exceeded most countries in Asia at that time. At this time, Goryeo was ranked among the best in the world in electronics, steel and other fields. Samsung, SK and other chaebol groups were making a lot of money, and various types of small businesses were springing up like mushrooms after a rain. There are even scenes where companies, in order to compete for employees, have managers handing out red envelopes to newcomers. At that time, more than 80% of Goryeo companies were foreign companies. They did not realize that once these foreign companies withdrew their capital and ran away, the whole country of Goryeo would be plunged into chaos. The Koreans, obsessed with economic growth, did not realize the danger was coming. Hidden under the shadow of rapid economic development are Citibank's excessive mortgage loans, and Korea's foreign exchange reserves, which rely on the US dollar, are seriously insufficient.

At the end of October 1997, someone had already revealed to foreign companies in Korea that they were ready to make money and run away. On November 10, international hot money officially launched an impact on Goryeo's economy. All foreign companies in Goryeo collectively changed their minds and withdrew their investment and left Goryeo. This move directly led to the collapse of the Korean stock market, just like a building that lost its most critical load-bearing wall. The stocks purchased by the people of Korea with their hard-earned money suddenly turned into waste paper. At the same time, many small businesses perished. Most of these small businesses obtain loans from banks by mortgaging their assets to maintain their daily lives, but the loans they receive are only money orders and no cash. This led to a huge hidden danger. Once the capital chain was broken, the Goryeo economy collapsed. Then, these money orders will be worthless.

International hot money saw the loopholes in Korea's finance and succeeded in one fell swoop. Small businesses are beginning to turn to the government for help, hoping that the government can allocate funds to help them survive the crisis. However, in order to protect large enterprises, the Goryeo government not only refused to provide help, but even added insult to injury and released all foreign exchange to stabilize the Korean won. The behavior of the Goryeo government was tantamount to flying a moth into a flame. Goryeo's foreign exchange at that time was only US$150 billion, while the capital held by international hot money was hundreds of billions of US dollars. The two parties exchanged fire, and Goryeo was defeated in less than 10 days. The government ran out of money, and the Korean won began to depreciate, falling by nearly 18.7% on the first day.

The money in the hands of the people gradually turned into waste paper, small businesses closed down one after another, the stock market collapsed, and investment projects were stillborn. Loans became the straw that broke the camel's back. Even if people mortgaged their properties, it was far from enough. They were forced to choose to die. Small businesses are dead, and medium and large enterprises have also followed suit. Even if the Korean government tries its best to retain them, nearly 60 of the top Korean companies have gone bankrupt.