Reaching the age of thirty, my income randomly doubled-Chapter 671 - 483 Economic Forum

Chapter 671: Chapter 483 Economic Forum

Days slipped swiftly by, and it was late September.

Magic City held an immensely prestigious Top Economic Forum and Development Conference.

Chen Pingsheng sat in the front row next to Mr. Ma, followed by Shen Nanpeng, Guo Guangchang, Tong Zelan, and a slew of other top investors.

Such a monumental economic forum could only be organized by the local government.

It had to be an official event, spearheaded directly by the Mayor of Magic City.

The primary topic of discussion was likely the economic trends of the next decade.

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Along with plans for Magic City.

Perhaps Mr. Ma wasn’t the wealthiest in the business realm, but he undoubtedly had the best eloquence,

He spoke eloquently on stage, and the audience, including journalists and guests, continuously applauded.

Of course, everyone was very astute.

They only clapped when the Mayor did,

and listened intently when the Mayor was quiet.

The importance of Magic City’s position couldn’t be paralleled elsewhere, an understanding that only those in the know could comprehend.

Chen Pingsheng would likely decline any such invite from a regular city mayor.

But not from Magic City, that truly couldn’t be refused.

Now rooted in Magic City, whether Tengfei New Energy or Tengying Group, they somewhat depended on local government support.

Even if Mr. Ma was a great talker, do you think he could freely speak in front of the Magic City officials?

Humility in this collective was inevitable.

Magic City housed too many top-tier enterprises; even Tengying Group wasn’t the most prominent among them.

It was at best considered first-class.

Alibaba in Zhejiang, rightfully claimed the title of a leading enterprise.

In earlier years, Mr. Ma’s status in the business world was very high, but over the past few years, the official attitude towards the internet fundamentally changed.

Starting in 2008, internet enterprises could only be second to real estate in importance.

This bolstered Mr. Ma’s high standing.

Wherever he went, he was celebrated, but ten years on, everyone suddenly realized that although the internet had indeed made life more convenient,

its foundation fundamentally depended on internal consumption.

What does this mean?

That is, as internet commerce developed, physical businesses visibly declined.

This wasn’t good news for any locality.

So-called internet job creation came at the expense of the physical economy.

When the support for internet enterprises fundamentally shifted, Mr. Ma’s position also became quite delicate.

Truthfully, being as wealthy as them, it was no longer just about money.

Just like Huawei’s founder – if he showed up, they all had to step aside.

That’s absolute status.

And it’s one of the reasons Chen Pingsheng had to focus on new energy.

From this economic forum, it’s apparent that both the higher authorities and Magic City’s future support would focus on an outward-looking economy.

What does that mean?

It means strongly supporting enterprises that can earn foreign money.

Merely reigning supreme in your locality is expendable to the country.

But once you can make money from foreigners, the scenario changes completely.

Many, including Mr. Ma, have realized one issue, boldly stating that house prices would bottom out in the future.

Why did he make such a proclamation?

Not just because the house prices were too high but also because the current situation resembled the economic conditions of the nineties that Small Day faced.

Back then, housing prices in Small Day collapsed, falling more than 80% within a few years.

Countless people taking their lives, many others becoming unemployed.

Why could it swiftly rise again afterward?

The key point is because Small Day’s electronics and automotive industries can generate income globally.

Whether it be Toyota, Sony, Sharp, Honda, or Mitsui & Co.,

They all produce industrial products sold globally.

However, domestically, once real estate prices collapse and there is a lack of such enterprises that can make money from foreigners,

It undoubtedly becomes very dangerous.

In recent years, the support from above for new energy reveals that the core slogan has always been about industrial upgrading.

The so-called industrial upgrade does not refer to basic industries, but rather the ability to produce electronic products that are truly sold globally.

Of course, the core is to have indigenous products.

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Those that are OEM for foreign companies definitely do not count.

When Chen Pingsheng attends such a meeting, he represents not Tengying Group, but Tengfei New Energy.

This in itself is telling.

After the meeting ends, there are still many private gatherings.

Chen Pingsheng attended a top entrepreneurs gathering, where more than ten sat at their table.

If the net worth of everyone at that table was added up, it would be at least over one trillion.

Mr. Ma is undoubtedly the central figure, his position in the business world is irreplaceable by anyone else.

When the gathering ended, there were some special activities arranged.

Chen Pingsheng did not attend.

Speaking of arranging such activities, Xu Pidai would be ranked second, and scarcely anyone dares to claim the first spot.

When he returned home, Song Yanxi was teaching Little Third not to be too honest, or else he would easily be bullied by girls.

Little Third looked bewilderedly at his mother, what are you talking about?

I don’t understand either!

Er Piya was still creating havoc beside, always liking to pull her little brother’s ears.

Song Yanxi stopped Er Piya from bullying her little brother, with him being so honest already, if he grows up to be a lapdog, who would be responsible?

“I’m telling you Yanxi, you’re worrying too unnecessarily, given our family’s situation, who has the right to make Little Third a lapdog?”

“That’s uncertain!”

Song Yanxi said, “I recently watched TV and noticed many rich lapdogs, and they mostly adore those naive sweethearts.”

“Are you kidding?”

Chen Pingsheng looked shockingly at his wife, “These plots in TV dramas, aren’t they just made for those fantasizing Little Fairies?

“Who in reality, among the wealthy, would pursue such naive sweethearts?”

“Well, that is also true.”

Song Yanxi used to not care about these things, but she became more worried after seeing Little Third.

“You had just rectified the group once, how could there still be so many ridiculous plots?”

“The film company is not solely mine; if I don’t produce them many others will, as nowadays women just like watching these.”

Song Yanxi did not dwell on this issue, instead, she asked about his participation in the conference today?

Chen Pingsheng honestly said the outlook was not very optimistic.

Plainly speaking, there is not yet any industry that can replace real estate as a new pillar industry.

The contributions of real estate to consumption, taxation, and employment are far from being replaceable by other industries.

Once housing prices collapse too fast, it would undoubtedly be a disaster.

The seriousness of this issue is at least a hundred times more severe compared to the global financial crisis of 2008.

Even though this is so, the real estate bubble cannot be ignored.

Once housing prices lack support, the chain reactions that will ensue are not something ordinary people can imagine.

Perhaps, for the next decade or even longer,

The situation will only worsen year by year.

Their family is relatively okay; at this level, they probably won’t be too affected.

Other typical bosses might find it difficult to survive the next five years.

Of course, all this is just Chen Pingsheng’s own predictions.

Ultimately, he can only see how things develop as they happen.