“Since you’re so good at making money, how about you take over the royal investment bureau?”
“I can take over, but aren’t you worried I’ll lose money?”
“While I don’t know how you operate, turning $100 million into over $10 billion is enough to demonstrate your capabilities. Even if you lose, it’s fine, we can afford it.”
As he said this, Xiao Hong Jing had absolute confidence.
As the largest landowner of the New Han Dynasty, with a large amount of real estate overseas in Hong Kong, Shenzhen, Shanghai, Beijing, New York and London, even if he lost, he wouldn’t worry. The overseas real estate alone was enough to make the royal family live a rich life, not to mention all the land they had in the country.
Besides, he had faith in his eldest son.
To put it another way, even if he did lose, consider it tuition for his eldest son. Even if the tuition was expensive, he was the heir after all, even if he lost a lot, it was worth it.
Moreover, the royal family had a huge cash flow.
Not the domestic currency, but US dollars held in Hong Kong and Swiss bank accounts.
This money mainly came from the Asian financial crisis and the Millennium internet bubble, where they earned hundreds of billions of US dollars.
So, even though the New Han Dynasty is very poor, with a per capita GDP of only $5,000, the royal family is truly wealthy.
Seeing his old man say this, what else could Xiao Yun Hai say?
He naturally agreed readily.
The Royal Investment Bureau had already held many company shares at high prices, and if they didn’t sell them soon, they would continue to lose money.
Before, he was still thinking about how to persuade his old man to sell.
Now it seemed he didn’t need to. After taking over, he was confident that he could turn it tenfold or more.
After all, he was an “insider”.
“You’ve been studying in Beijing for a few years, you should’ve learned something. Tell me, what do you think the future of our New Han Dynasty should look like?” Xiao Hong Jing was curious and began testing his eldest son.
“Dad, if you’re asking this, you’ve come to the right person. Before I returned to the country, I had carefully considered this problem.”
“Our New Han Dynasty has too few people, a weak industrial base, and a geographical location that’s not as good as Singapore. If we develop manufacturing, we can’t compete with Vietnam, where labor is cheaper. So, I think our priority right now should be developing tourism, and competing with Thailand for business.”
“Tourism?” Xiao Hong Jing was very surprised.
In the New Han economic structure, tourism revenue accounted for very little, mainly relying on agriculture, fisheries, and processing manufacturing.
Among them, processing manufacturing was mainly chip production.
The reason why chip manufacturing is in New Han is mainly due to early layout. In the 1970s and 80s, they invested in Intel, Dell, TSMC, Samsung Electronics, and other semiconductor companies, owning a considerable amount of shares, so when these companies expanded to Southeast Asia, New Han was their first choice.
Therefore, there were several internationally renowned semiconductor company production bases in New Han.
Seeing his old man’s surprised expression, Xiao Yun Hai explained, “Dad, we have abundant tourist resources in New Han, with hundreds of beautiful islands, and also the highest peak in Southeast Asia, Mount Kinabalu. Our tourism resources are truly rich.”
“Phuket in Thailand, Bali in Java, and the Maldives, just from tourism alone, they earn tens of billions of dollars in revenue every year.”
“I believe that we in New Han have more potential than them.”
“Moreover, I’ve studied that the Dragon Kingdom’s economy is developing rapidly, and overseas tourism has become a fashion. According to statistics, the Dragon Kingdom’s annual overseas tourist arrivals have reached 50 million, and the spending amount is over $100 billion, and that’s just mainland Dragon Kingdom. If you include Hong Kong and Taiwan, it would be even higher.
We in New Han are of the same origin as the Dragon Kingdom, and there’s no language barrier. If we vigorously develop tourism, and improve our infrastructure, I believe that we in New Han will be more attractive than Java, Thailand, Malaysia, and other countries.
A $100 billion market, even if we only grab 10%, that’s $10 billion, which would be a high growth for our New Han Dynasty.
Moreover, I also plan to invest $10 billion in building hotels, theme parks, and island development in our New Han.”
Xiao Yun Hai didn’t disagree with the development of manufacturing, but it wasn’t very competitive.
In his opinion, the only way out for a small country, besides tourism, was to develop high-value industries.
Such as medicine, semiconductor-related industries, such as drones, smartphones, and other industries.
Otherwise, they couldn’t compete with the Dragon Kingdom.
Not even the Dragon Kingdom, they couldn’t even compete with Vietnam.
They had cheap labor, and their industrial system was more complete than New Han’s.
While tourism was more affected by international relations, the international political landscape would be relatively stable for the next seven or eight years.
Besides, he was only saying that tourism should be prioritized for now, not that other industries shouldn’t be developed.
The gaming industry could also be invested heavily in.
Especially mobile games.
Don’t underestimate the gaming industry, just one King’s Glory earns more money every year than hundreds of listed companies on the A-share market.
Xiao Hong Jing didn’t respond immediately, but thought deeply about what he said.
Thinking about it carefully, it made some sense.
Also, he hadn’t expected that outbound tourism from the Dragon Kingdom alone was so hot. He admitted that he had underestimated tourism.
Not to mention anything else, just from outbound tourism from the Dragon Kingdom, if they could get 1/10th of the market, that would be $10 billion.
That would already be 11.33% of New Han’s GDP.
Suppressing his thoughts, Xiao Hong Jing looked at his eldest son with a smile, “Since you’re so optimistic about the development of tourism, how do you plan to snatch Dragon Kingdom tourists from Thailand and Java?”
“It’s simple! Once we have a complete infrastructure, we’ll implement a mutual visa-free system for 14 days with the Dragon Kingdom.
Also, we’ll expand publicity. I’ve already invested in some internet websites in the Dragon Kingdom. I’ll fund bloggers to write travelogues, and then let the platform promote them.
Keep brainwashing, and people will come eventually.
Third, we’ll invite some Dragon Kingdom celebrities to travel here, then issue marketing articles, and expand the fame of our attractions. Naturally, more tourists will come.”
Looking at his eldest son who spoke eloquently, Xiao Hong Jing secretly nodded in his heart.
From these three points, if they were achieved, there would be a high degree of feasibility.
“Since you’re optimistic about the development of tourism, then go ahead and do it. Starting tomorrow, I’ll appoint you as Deputy Prime Minister of the Cabinet, in charge of the Tourism and Transportation departments.”
Hearing this, Xiao Yun Hai was overjoyed.
Being appointed as Deputy Prime Minister of the Cabinet already meant that he had been officially established as Crown Prince.
Before, he was just the first in line for succession.
Not the Crown Prince, and the order of succession could be changed at any time.
But the Crown Prince was different. Once established, it would not be easily changed.
You have to know that in the New Han Dynasty, the Crown Prince’s position was second only to the King.
He was also the future King of the New Han Dynasty.
No man could resist the allure of power.
Especially for a man with ambition.
The next day.
At the cabinet meeting, Xiao Hong Jing brought Xiao Yun Hai along, and appointed him as Deputy Prime Minister of the Cabinet and Crown Prince at the meeting.
As for the Prime Minister of the Cabinet, naturally it was his old man, Xiao Hong Jing.
Many cabinet members who attended the meeting, upon hearing the appointment, weren’t surprised, but curiously looked at this rarely seen, “Crown Prince” who had been studying abroad.
【Ding, Congratulations to the host for becoming the Crown Prince, the system has been activated and bound successfully...】
【Ding, Newbie package is being delivered... Delivery successful, congratulations to the host for obtaining: 1 team of 300 future film production personnel (including related equipment), super-strong special effects weight loss drug formula and women’s scarless breast augmentation drug formula, 1 million points!】
As Xiao Yun Hai was immersed in being appointed as Crown Prince, a mechanical voice suddenly sounded in his mind, making him startled.
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