Chapter 361 Dilemma
Jiang Feng also considered that if it operates in a commercial venture capital manner, it would be possible to gamble, but it requires both parties to know the matter, rather than letting the Jiang Consortium pay the money and only get the iron ore. That pitiful 1% return is also a huge risk uncertain return.
This is because Jiang's consortium has never lacked cash, foreign exchange, as well as funding sources. Otherwise, if Jiang's consortium is an ordinary domestic enterprise, it will definitely be difficult to make direct foreign exchange investment. Once an investment like a letter of credit is used, the risk is very high. If the money is lost, the other party can take the agreement and say that they are really investing and ask Jiang's consortium to pay back the money. If they don't pay back the money, it will really become a letter of credit fraud. So they will ask the company to borrow money, as if the company has limited liability, but in fact it is China's unlimited liability.
Such high-risk investment in technology research is often very conservative, and the actual expenses are several times more accurate than this. For example, there are many fishing projects in some domestic projects that can be launched. You can get the bait first with a small amount, and you can't invest in the subsequent investment. For investments that are almost certainly like this, the financial capacity of ordinary companies cannot afford it, not to mention that the business environment like Africa cannot suppress all their value.
Another point is that after Jiang Feng returned to China, the African expert team obtained information after investigation. They said that when working in mines in Africa, commercial espionage and commercial bribery were rampant, which was much better than China. The lawyer who had an hourly fee of $10,000 will also be bribed. Don’t look at his charge of $10,000, this is nothing compared to mine transactions worth $10,000, because there is no commercial reputation here, and integrity is worse than lawyers in China.
The most commonly used method is to find an expert who understands African mining laws, and the legal experts ask questions. At the same time, find a few more local lawyers in this Africa so that they do not know each other's existence and ask them the same questions separately.
If what they say is consistent, then it is credible. If what they say is very different, then the problem is obvious, and some of them must have been bribed.
Moreover, after exploring the minerals, the experts re-estimated the project. If the interests of titanium are calculated, the value should not be less than tens of billions of dollars.
Another fact also made Jiang Feng quite worried. As soon as he returned to China, he began to look for domestic legal resources to support him. However, he soon found that he could not find an expert in China who understands African mining law. There are also some scholars in British and American law, and such experts cannot be used in practice, because the purpose of their research is to learn from their advanced legislative ideas to build China's legal system rather than real application.
This leads to their very limited practical ability, their on-site reactions and experience are basically zero, and their theoretical level cannot be compared with overseas experts. Basically, they are good at foreign languages, so they do the work of translating the law and do not have their own opinions on legal thinking.
If we compare competition here, they are sports theorists rather than athletes. These theorists have problems as coaches, let alone playing games. There is no athlete in China who can play games.
Another question is also very important, that is, if you follow the local lawyer service rules, the lawyer you consult must answer you truthfully the questions you ask. If the answer is wrong, the lawyer will be responsible, but if you do not ask some questions, he has no obligation to remind you.
The biggest problem now is that you don’t understand the local laws at all. Jiang Feng and the others can’t ask questions themselves. What other projects can they do?
Chinese entrepreneurs have very little knowledge of foreign countries and do not have their own experts in China. How can they not be deceived? How many years will it take to cultivate such an applicable African expert to achieve their goals? And now there is another point, that is, they don’t even know how to cultivate such experts. From this, they can know that it is really difficult for China to expand its soft power!
However, if Jiang Feng had made this investment entirely, there would be no problem, because there was a technology to separate ilmenite in Lingxi Ring. However, he could not share this technology with the other party, and the other party could not hand over the mining rights of the entire ore vein to the Jiang Consortium. After all, the benefits here are too great, hundreds of billions of dollars, and anyone who sees them will be jealous.
Jiang Feng decided to make an appointment with Premier Wen.
After meeting Premier Wen, Jiang Feng told him about this trip to Africa. Then he suffered a lot of bitterness, which shows how difficult it is for domestic companies to go out to develop external resources.
Not to mention, what Jiang Feng encountered when he went to Africa this time, whether in South Africa or North Africa, sounded very tragic. In South Africa, a lot of money was needed to help South Africa build infrastructure to exchange for mineral resources, and only 50% of the profits were returned to the Jiang Consortium. In North Africa, it was even more tragic and was directly deceived.
Premier Wen was also moved by Jiang Feng's words. He said to Jiang Feng: "Our country's foreign exchange reserves have increased dramatically over the years, and the rapid economic development resources are scarce. There are calls everywhere in society to invest in overseas development resources. It seems that you can buy anything when you have money. But the experience you have come back this time gave me the deepest experience that China's soft power is insufficient. Money alone cannot solve the problem. Without the research of its own laws, without its own team of experts, and without understanding the rules of mining and market, if you have money, you will be cheated of money. Without the support of the national military strength, your personal safety overseas will not be guaranteed, so how can you do business with peace of mind?"
This topic is obviously quite heavy. Premier Wen took a break and continued: "If you come forward as a national enterprise, you will also face some international interference and political problems. Therefore, having money cannot solve all problems. Money is easy to raise, but the soft power necessary to make money overseas is not a one-day effort. Therefore, China's national strength expansion is far from simple economic growth. It is a long and gradual process. China's overseas development of resources must be backed by the growth of national strength."
Jiang Feng deeply agreed with Premier Wen’s words. This experience also made him see that some things cannot be solved by having money alone, and deterrence by force is very useful at any time.
Just like in the countries in West Africa, because Satan's hand controlled those countries, Jiang's mining industry did not encounter any obstacles in its development there, and it went very smoothly. However, in North Africa, because it was too close to European countries, in order to avoid touching the sensitive nerves of European countries, Jiang Feng did not let Satan's hand control the countries here. As a result, when he went to North Africa to invest, he suffered a big fall.
"Then what are you coming to me for?" Premier Wen asked.
Jiang Feng told Prime Minister Wen about buying a mine in North Africa.
After hearing Jiang Feng's explanation, Premier Wen found out that there was such a special issue for Chinese investors overseas. He couldn't help but feel very moved. In addition to expressing his desire to meet the old overseas Chinese and expressing his gratitude to him, he also told Jiang Feng that he would ask the ambassador to the country to return to China to report his work.
"If such a thing happened, the embassy was unaware of it, and there were important people in China, and their services were not kept up, and there was no prompt for such local security situations. This was too much." Premier Wen's attitude towards this matter was relatively clear.
It can be expected that the ambassador will definitely not have any good results after he comes back. However, he very much agreed with Premier Wen’s decision. Even if we are still a weak country now, we can’t do anything else in our position. We must always collect some information on all aspects, right?
Did the government send you there just to let you live in villas overseas and see free human-elephants lions and elephants?
Of course, Jiang Feng knew very well that Premier Wen’s move was actually not without his intention to show kindness to him. Didn’t you say that you went to Africa and felt very angry? Then I will vent your anger and let you balance it.
In this regard, Jiang Feng was quite grateful to Premier Wen for his decision, but he had another plan in his heart. The matters there could not be solved by criticizing the ambassador. He still needed to make a decision and then take down the other party's mine.
No matter what method or channel is used, this established goal must be achieved. In addition to giving yourself a breath, the expectation of huge returns from the mine is also the main driving force for Jiang Feng to invest there.
After all, the iloxane mixed ore determined in front of me has a value of tens of billions of dollars to be mined. In addition, there are many similar mines that can be mined. Jiang Feng is almost certain that the total value of the iron ore that is easy to mine there is at least more than tens of billions of dollars. This is a treasure land!
So Jiang Feng asked Prime Minister Wen: "I want to know how much influence we have on North Africa?"
When Prime Minister Wen heard Jiang Feng ask about his influence on African countries, he seemed a little surprised. He immediately thought that Jiang Feng was probably very dissatisfied with the fraud he suffered in North Africa and wanted to have a subsequent crackdown.
After considering it, Premier Wen said to Jiang Feng: "We have a great influence on Africa, but you have to know that in some small African countries, politics and economy are often disconnected."
"As long as the government is settled, there will be no problem." Jiang Feng immediately said after hearing this. (To be continued. Please search for astronomy, novels are better, updated and faster!)
Chapter completed!