Chapter 49: Abundant Wealth, Closed Boundaries

Chen Yang cleared his throat lightly and said, "The tourist visa is still being processed, we will have results in a few days."

"Days? Do we have to wait a few more days?"

"You better say that we will have results in a few days!!!"

"I've already bought and canceled tickets several times, it's a real mess."

"What does the boss want to discuss today?"

Chen Yang said, "Today I have three things to announce."

"First, Yan Guo's first official school officially opens today."

"???"

"Did you hear wrong or did I misunderstand? Is the school opening?"

"Is it a primary school, secondary school or university? Do you have teachers? Do you have students? Are you opening a school..."

Chen Yang explained, "This school is mainly for the foreign workers in Yan Guo, it is a free language school. All foreign workers who come to Yan Guo in the future will be able to study languages in this school."

"Wow!"

"What a great initiative!"

"That's surprising!"

"It's really a great move!"

"Isn't this a stroke of luck?"

"Definitely not."

Chen Yang continued, "The second thing, as of today, Yan Guo's tax laws are officially in effect. I won't go into details here, but anyone who is interested can check Yan Guo's official website."

"The third thing, investment."

When they heard about the investment, everyone paid attention.

Chen Yang continued, "The central area of Yan City still has available stores, and there are vacant spaces in shopping malls in Yan City. The types of investment include restaurants, clothing, sports brands and electronics. After the broadcast, I will release more detailed information on Yan Guo's official website."

"Tourist visas will start to be processed gradually from today, so friends who are applying for tourist visas, don't worry. Also, for those who want to work in Yan Guo, keep an eye on the official website, as more Job vacancies will be made available soon."

"That's all for today, the live broadcast is over. See you later."

"And are there still job openings?"

"That's what interests me most!"

"The boss is amazing, the boss is the best!"

"I'm tired of this boring job, boss, I'm counting on you!"

Of the three things announced by Chen Yang today, the most important is tax legislation.

The language school is truly surprising, but considering the generosity shown by Chen Yang, a simple language school is still within his reach.

It was expected that there would also be investments, and this time this happened in conjunction with tax legislation.

Groups from different countries, as well as investors from different countries, immediately accessed Yan Guo's website to begin their research on tax legislation.

Zhou Hang said, "It's almost what we discussed before. Yan Guo's favorable tax policies are impressive."

Zhao Yu added, "For just one year."

"One year?" Zhou Hang smiled. "If Yan Guo continues as he is now after a year, then these tax policies will have to continue, otherwise the people who already came here will definitely flee after a year."

Zhou Hang looked at Wu Pinyan, "Leader Wu, do you think Yan Guo is worth the investment?"

Wu Pinyan replied, "It's just to show presence, a shell business. In the short term, there are no big problems. But this investment-raising effort by Yan Guo seems to be mainly aimed at individuals, there seems to be no intention to attract large investments . Although they are also attracting electronics, it is practically impossible to attract large international technology companies to open direct stores there."

Zhao Yu recalled: "In Yan City, there is no import tax on electronic products, and all imported products are tax-free."

"It's not a question of tax exemption." Wu Pinyan shook his head. "The investment cost is indeed attractive, but for international technology companies, the most important thing is whether the region has sufficient purchasing power."

"Chen Yang is thinking of something idealistic, attracting multinational companies with tax incentives or even free trade areas, filling every aspect of Yan City, but he clearly overestimated Yan City's purchasing power."

"Furthermore..."

Wu Pinyan looked at Yan Guo's list of tax laws and said, "Tax exemption is not a good thing. In the short term, it can certainly make Yan City a city with an abundance of material goods, but it also limits the development potential of all of Yan Guo's future industries, be it industry, manufacturing or technology."

Lin Miaomiao didn't understand: "Why do you say that?"

Wu Pinyan explained, "A country that wants to develop sustainably and still has ambitions to become a developed country, what do you think it should have? I'll tell you frankly, for Yan Guo to become a developed country, it at least needs to have a base industry that is internationally recognized."

"Industry, manufacturing, technology..."

"Primary industry is the basis; only with this basis do you have the qualification to develop industry, and only after complete development of industry can you consider all aspects of manufacturing..."

"But Chen Yang started directly with tax exemptions, in fact, in the short term, people living in Yan City can buy products from different countries at special prices. But this also limits the development of Yan Guo's own industries."

"I'll give you an example. Suppose Yan Guo wants to manufacture mobile phones. After years of upgrading the industry, they finally produce a series of mobile phones. The performance and configuration of these phones are equivalent to that of a Chinese phone that costs 276 dollars, but due to the immaturity of Yan Guo's systems, the production cost of these cell phones reaches 553 dollars. To make money, they need to sell them for at least 622."

"Now the problem arises: with options available, would you pay for a high-performance cell phone at this price?"

****

(translation note:

If you find any errors in the translation, please let me know so I can correct them.

This novel is already completely translated into my pateton.)