Extraordinary Genius Chapter 806

Extraordinary Genius

Chapter 806 - Old Brands are treasures

It was an awkward situation in the office.Mayor Xiao leans back into the sofa suddenly. If that Zhou Shuai were really aconman, he would have to bear the full responsibility as he was the one whostarted this project. If he is unable to recover all the funds, his career willbe gone.

Mayor Xiao was desperate for success!

It was not wrong to try and gain credit.All government officials want to do things that will bring them credits. Ifnot, they are just lazing around!

But the officer must be capable of gettingthat credit. He cannot forget the duty of a government official in exchange forpolitical achievements. He must improve the lives of the people he is governingfirst. Mayor Xiao did not do enough checks and resulted in many people gettingconned. This was failure on his part.

You should at least conduct and understandthe project before bringing it in. 10,000tons? That conman says there are 10,000 tons, and you believe it without anyverifications?

The phone on the desk rang, and ZhangRuiqiang quickly picks it up. He hangs up after saying 2 sentences.

"He is in our custody now. Old Xiao, make atrip to the Provincial government office. You must get back all the money. Ifthere is any shortfall, the City Government will make up the numbers. We mustnot let out people lose their hard-earned money."

Feng Yu wanted to interrupt. Why should theCity spend money to make up the shortfall? Those are taxpayers' money.

After Mayor Xiao left, Zhang Ruiqiang sawFeng Yu looking unhappy. He frowned and asked: "What's wrong? You think thatthe City Government should not use its money to cover this up? Then tell me,how should we solve this problem?"

Deduct the loss amount from Mayor Xiao'ssalary? A government official's salary will not be enough to recover the amountspent by the conman. The City Government had to take responsibility. If not, itwill lower the public trust in the City Government.

Seeing Feng Yu keeping quiet, ZhangRuiqiang continued: "Old Xiao is still very capable. Look at our Bing City. Itis much cleaner than before. He is also good at city planning. This is only aminor mistake, and we discovered it early before it got worse."

"I am not interested in how governmentofficials do things." Feng Yu waved his hand.

Zhang Ruiqiang was speechless. You aretreating me as one of them?

"Oh, do you think we can do thisPolysilicon manufacturing business?" Since the world's production ofPolysilicon is less than 10,000 tons, that means the compet.i.tion is not significant.Bing City had found out that the global demand for Polysilicon is very high andthis should be a profitable business.

"I already said earlier. Bing City'slocation is not suitable, and the demand is not as big as you think. Also, wedo not have the required technology. How are you going to enter this business?"

"Can we start small? We can focus onmeeting China's demands first? It should not be a problem if we s.h.i.+p thePolysilicon to Beijing. As for the technologies, I think the Inst.i.tute ofTechnology University has the solution."

Wait, you say the Inst.i.tute of TechnologyUniversity has this technology?" Feng Yu was shocked. This technology might notbe complicated, but there were different levels of technology. It is likes.c.r.e.w.i.n.g a screw with a screwdriver and an electric screwdriver.

"They should have the required technology.When Zhou Shuai approached us, we asked the Inst.i.tute of Technology University.They were the ones who told us that there is a huge demand for Polysilicon, andthe demand will increase further. That is also one of the reasons we decided topartake in this project."

"Don't tell me, 'should.' Do they reallyhave the technology? Is their technology at international standard?"

"You are interested?" Zhang Ruiqiang asked.

"I have so many factories and have toimport large amounts of Polysilicon. I will not be interested? If the Inst.i.tuteof Technology University really has state of the art technology, I am willingto buy it from them. Don't look at me this way. I will not set up a Polysiliconin Bing City." Feng Yu stopped Zhang Ruiqiang before he even says anything.

"Why not? Bing City is very accessible, andthe location is not an issue. Furthermore, you can export the Polysilicon toRussia. We are much closer."

"Export to Russia? Most of the Polysiliconis produced in Europe. You think the Russians will not import from Europe andwill get it from us? Moreover, even if our scale is smaller, do you know howmuch money is needed? At least a few hundred million, and it will take at leasta few years to recover the investment. Unless we have a very efficienttechnique of extracting the Polysilicon."

Feng Yu remembers that Siemens's technologyin Polysilicon is the leader in the industry. They have the most efficienttechnology in Polysilicon production.

Inst.i.tute of Technology University havethis industry? Or their technology is those obsolete technologies?

"You are willing to set up this productionplant in Bing City if the Inst.i.tute of Technology University's technology ismore efficient?"

"No! Do you know that I had joined theGuangcai program?"

"What Guangcai program?" Zhang Ruiqianglooked at Feng Yu. This was a weird name.

"It is an initiative to help the poorerWestern provinces. This is set up by a group of entrepreneurs. We will investin those provinces by setting up factories there. The Western provinces haverich resources, and if my factory is set up there, I will save transportationcosts. If the resources I needed had to be imported, then I should set up myfactories in the coastal regions."

Zhang Ruiqiang sighed. "Bing City'sdevelopment had hit a bottleneck."

"How is this possible? Bing City still hasmany undiscovered resources. If you can manage these resources well, there isstill high potential."

"Many resources? What are you referringto?" Zhang Ruiqiang was curious. He did not notice any new resources and potentialin Bing City.

"For example, our Donglin food products,Red Sausage, Kva.s.s, etc. All these can be sold to other provinces. People arealways curious about new things. This Kva.s.s drink is from Russia. Sausages arealso very popular now. Why can't you vacuum seal the Red Sausages and sell itelsewhere?"

"This will work?"

"Absolutely no problem. Donglin foodproducts are almost a hundred years old brand. I have the distribution channelsand can let Donglin food products enter Tai Hua Supermarkets. But you all mustpay the necessary charges."

This was killing two birds with one stone.Feng Yu could help his hometown's brand and also increase the variety of goodsin Tai Hua Supermarket.

"Other than this?" Zhang Ruiqiang asked.

"Bing City Beer. This is the oldest beerbrand in China. It is established about the same time as Dong Lin Foodproducts, right? It is an old established brand. Why can't you all make use ofit?" Feng Yu rolled his eyes. Bing City was a treasure cove. What's the pointof looking at others?

"There are beers from other provinces too.Is this something about the brand?" Zhang Ruiqiang asked. He felt there wasnothing special about Bing City's beer.

"There is some beer that sells for 15 RMB abottle, and some are selling for 1.5 RMB per bottle. What is the difference?Just look at our province. There are many too many beer brands. Why can't youjust have one beer brand? You can take over the 3 Northeast Provinces first andslowly expand towards the south. Do you know how much overseas beer companiesmake in a year? A few billion USD!"

"You can earn so much from selling beer?"

Feng Yu gave Zhang Ruiqiang a look. Sellingsoda can make much more than beer. Don't talk about Coca-Cola and Pepsi. Justlook at Jian Li Bao.

"That's why our Bing City and evenLongjiang province still have many resources for you to discover. You don'tneed to get exterior funds. The City only needs to export these old brands outof the province, and you all will make big bucks."

Zhang Ruiqiang nodded. From what Feng Yusaid, Bing City and Longjiang Province really have lots of potentials……

Translator's notes:

Harbin Inst.i.tute of Technology

https://en.wikipedia.org/wiki/Harbin_Inst.i.tute_of_Technology

Kva.s.s

https://en.wikipedia.org/wiki/Kva.s.s