On January 4, at 5 a.m., China Overseas Triumph.

Because there is an annual Bordeaux wine tasting in Geneva, Switzerland on January 5, where you must attend the Bordeaux wine tasting, today you have to set off.

First, you will get from Yanjing to Munich, Germany, and then transfer to a direct flight to Geneva.

Knowing that Bian Xuedao was going out today, Shan Rao got up early and cleaned up this and that, for fear that Bian Xuedao would delay things.

In 2008, Shan Rao seemed to have become the same as her college years, she was skillful and calm, she was simple and direct, and she did things without delay. In the past month, because of the establishment of the Yanjing branch, Shan Rao began to pay attention to Bian Xuedao's career and often discussed business matters with him at home.

After breakfast, it was still early, and the two sat opposite each other and chatted.

Shan Rao asked Bian Xuedao: "Will this financial crisis have a negative impact on Youdao?"

Bian Xuedao flipped through the newspaper of the day and said: "Excellent companies are more likely to expand when the economic situation is bad, as long as they keep the cash flow of the company. Many companies will reorganize in a crisis, which is the opportunity for excellent companies. An excellent company does not look at its expansion during the rising period, but its survival during the downward period. Live through the winter and its competitors disappear, and spring can open up new vitality."

"By the way..." Shan Rao continued: "My uncle asked me to ask you what you think of this financial crisis."

Stopped the hand of flipping through the newspaper, Bian Xuedao looked up at Shan Rao: "Ask me? The leaders of the NDRC must see farther than me."

Shan Rao said: "Just tell me, I can reply to my uncle. If you weren't on a business trip, I would take you to my uncle's house."

Close the newspaper in his hand, Bian Xuedao said: "This topic is too big..."

Seeing Shan Rao looking at him pitifully, Bian Xuedao quickly said: "The external financial crisis is very likely to trigger internal economic landmines. In the future, the direct manifestation will be the weakening of economic data and the decline in growth rate. The most important thing is that I personally believe that this is not a simple cyclical phenomenon, but a structural recession."

Seeing Shan Rao nodding while listening, Xuedao continued, "The periodic decline is like a cold in winter, and it will be cured after a while. However, the structural decline is caused by internal inflammation. If you don't have surgery, you can't just take medicine."

"For a long time, domestic demand-side investment demand and consumption have been imbalanced. Insufficient consumption is not caused by weak demand. As for why demand is insufficient, I think the core reason is that the current distribution of national income is beneficial to the government and enterprises, and the proportion of residents' income has decreased. Simply put, the country is rich and the people are poor."

Bian Xuedao talks happily, and the more Shan Rao listens, the more serious he becomes.

"On the other hand..." Bian Xuedao gestured on the dining table with his right hand: "Investment leads to growth that exceeds the growth of domestic purchasing power. Our country is now the third largest economy. In terms of manufacturing, most of its production capacity has reached the world's first place. Who should the products be sold to? A large amount of overcapacity has been formed, and there is naturally insufficient investment demand. The so-called overcapacity and insufficient investment demand are relatively insufficient demand caused by limited purchasing power in China. Why is domestic demand unable to keep up with the growth of production capacity? It is caused by the imbalance in income distribution."

Shan Rao thought for a few seconds and asked: "Will the government take action to rescue the market?"

Bian Xuedao shook his head gently and said, "The disease is caused by structural structure, so it must be only structural adjustments and correct these structural imbalances. Otherwise, just burning money will not cure the disease. Also, superstitious governments are useless, and no matter how powerful the government is, they cannot support the economy, and no matter how powerful the government is, they cannot support the market. Quantitative easing has no substantial effect on restoring the balance sheet balance. The zero interest rate for decades has not saved Europe and Japan. But then again, it will be a death for real adjustment of the structure. Not to mention, in order to control pollution in order to protect the environment, I don't know how many people will be laid off. Of course, there is another way to find a new growth point in the country's economy to hedge against the shock waves caused by the economic mine explosion."

Shan Rao's eyes were filled with radiance and said, "I haven't seen you read books, how can you understand so much?"

Bian Xuedao smiled and said, "I'm all secretly reading books."

Shan Rao said: "If you are a civil servant, you will definitely have a lot of prospects than me."

Bian Xuedao teased Shan Rao and said: "There is a saying outside that doctors do not want their children to be doctors, teachers do not want their children to be teachers, businessmen do not want their children to be businessmen, only civil servants hope that their sons, daughters, daughters, and sons-in-law all become civil servants."

Shan Rao smiled bitterly and said, "This is true. Since I went to elementary school, my family has hoped that I could be a civil servant until I went to college, and this wish has never changed."

Seeing Shan Rao's wry smile, Bian Xuedao comforted her and said, "Civil servants are very good, decent and stable. But to be honest, when I helped you apply for this position, I was trying to make you unable to pass the exam."

Shan Rao looked at the newspaper Bian Xuedao and said, "I have come here over the past few years and I want to understand one thing--wrong things will only happen at the most right time."

……………………

Geneva, Switzerland's second largest city.

This is the first time Bian Xuedao has come to this long-famous city, because he has seen the Geneva Convention with various attributions in textbooks and news N times.

Only when I came to Geneva did I truly understand why this city can rank among the top 30 of the "world's best living cities".

Bian Xuedao settled in Grand-Hotel-Kempinski-Geneva, which Dong Xue helped him book.

After learning Taoism for a day, Dong Xue has already been waiting for him in Geneva. This wine tasting is the world of two people that Dong Xue has been waiting for for a long time.

The annual tasting meeting on the evening of the 5th was not large, but it was very grand. All the European celebrities were invited to attend.

At the tasting meeting, Bian Xuedao met the real person Beckham for the first time.

Uh, it's not right...

In the 2003 Yanjing "Dragon Horse Battle" between Dragons and Real Madrid, Beckham also had it, but Bian Xuedao was in the stands, and the distance was much further than now.

At the tasting meeting, Bian Xuedao, the Eastern Kong Kong, naturally attracted a lot of attention. Interestingly, when introducing each other, I knew very little when I talked about Weibo, but when talking about the origin of "touching the navel with your backhand", many people immediately realized it.

When it comes to Bian Xuedao having a football club, Beckham comes over to chat for a while.

This tasting session allowed Bian Xuedao to deeply feel the European wine culture, and at the same time he also felt a little "exciting point" in the European high-level circle.

Three days from the 6th to the 8th, Bian Xuedao and Dong Xue joined hands to walk through the streets and alleys and scenic spots in Geneva.

On January 9, unable to resist Dong Xue's hopeful eyes, Bian Xuedao took Dong Xue on the Paris-to-New York flight to attend the New York annual tasting on January 11.

On the plane, Dong Xue, who was sitting next to Bian Xuedao, thought to himself: "It would be great to change this tasting to once a month."

…………

…………

(Please give me a few monthly tickets in my hand.)

…………
Chapter completed!