Being Reborn And Starting Off By Not Being A Simp-Chapter 288: The Poor Are Most Afraid of Losing Money

When Liu Qing heard that the Tian Yuan Corporation still owed the bank tens of billions of dollars, he was a little flustered.

The poor were most afraid of owing money.

Back then, his father was bedridden after a car accident. The treatment cost a lot of money, and a portion of it was borrowed.

The tens of thousands of yuan in debt had put a lot of pressure on Liu Qing. After his father passed away, the debt collectors kept forcing him to pay the debt, which made Liu Qing make up his mind not to borrow money from others no matter how poor he was.

Of course, he knew that in today’s society, those well-known tycoons were also big losers. They might have a net worth of hundreds of billions, but their debts might be trillions.

Only by borrowing money could he earn more money.

This was the logic of modern business.

Those who did not dare to borrow money to do business would not have too much risk, but generally speaking, they would not have much success.

This was the principle of stuffing the bold to death and starving the timid to death.

However, when he thought about how he owed the bank tens of billions of yuan, he still panicked.

She couldn’t help but mutter,"Why do I owe so much?"

Su Qi saw his expression and knew what he was worried about. She said,"Our group’s debt ratio is still relatively low. During this period of time, we have been worried about the epidemic and have stopped several large investments. Otherwise, our debt would have increased by 10 to 20 billion."

When he said this, he felt a little lucky.

Some projects seemed to be quite profitable, but their ability to resist risks was not that strong.

When faced with policies, an epidemic, or extreme natural disasters, it was possible to suffer a devastating blow, and the investment would go down the drain.

The projects that had been halted could not afford that kind of risk. If they continued, they might lose everything.

Even though the Tian Yuan Corporation was a big company, if they lost the investment of ten to twenty billion yuan, it was very likely that their capital chain would be cut off, resulting in a series of adverse consequences, especially during the period of the epidemic.

From this perspective, Liu Qing’s timely warning could be said to have saved the group.

This was also the main reason why Su Qi had a good impression of Liu Qing during this period of time.

The Tian Yuan Corporation’s current debt ratio was indeed relatively low. The assets they owned greatly exceeded their debts.

This was not a glorious thing for the family group. Many large companies had a shockingly high debt ratio. They were borrowing money from the bank to make money for themselves. Some of them were even in a situation where they could not pay off their debts.

A low debt ratio could only mean that the group’s investment was relatively conservative or that they had not found a good investment project.

However, Su Yi’s investment had been conservative in the past few years. He had already transformed from the internet industry to an industrial industry. Other than those small and medium-sized enterprises, the biggest investment was in new energy.

They had tens of billions of dollars in debt, but that was not a problem for a group company with more than 100 billion in assets.

Even if the loan was due and the group did not have enough money to repay the loan, their group had a good reputation and could easily get a loan from the bank to repay the old debt.

It was not like tens of billions of loans were maturing in the same year. There was nothing to be afraid of.

Liu Qing listened to Su Qi’s explanation and understood that the debt ratio of the Tian Yuan Corporation was not high. Only then did he feel more at ease.

He didn’t know how long the epidemic would last. He only knew that it wouldn’t end in at least one or two years. He asked Su Qi,

"If the epidemic continues like this for a year or two, will there be problems with our group’s capital chain?"

"It won’t last for a year or two, right?" Su Qi said.

She felt that with the determination shown by the country now, it would take at most half a year. Normally, it should be done in one or two months.

"I still have to be prepared." Liu Qing said.

"If the next year or two is like this, and the whole country is locked down like this, then our group will definitely go bankrupt."Su Qi said.

" Of course, we can’t always be so strict," Liu Qing said." What I mean is that the epidemic will not be extinguished. It may break out in a certain place from time to time. Will this have an extinction effect on our group?""

" I don’t know what the specific situation you’re talking about is like," Su Qi said." But I think our group can withstand more trouble than other companies of the same size."

He then asked Liu Qing,"Do you really think the epidemic will continue?"

" This is inevitable," Liu Qing said." I’m even worried that this virus will continue to exist and will never be eliminated."

"This kind of strength can’t be eliminated?"Su Qi could not believe it.

" We are strong, but others might not be strong," Liu Qing said gloomily." Unless we are isolated from the outside world, a stupid teammate can drag us down.""

This matter made the Chinese feel the most depressed.

Initially, they had already seen the light of hope, and they had achieved zero diagnosis for a long time.

Then, from time to time, there would be cases imported from overseas, which would erupt every once in a while.

The most terrifying thing was that from time to time, even more powerful viruses would be cultivated.

He was dragged down by those pig-like teammates who wanted to lie flat and coexist.

"I heard a saying that this virus is targeted at us Asians and will not spread in the western world..." Su Qi said.

Such a saying did exist.

There were even foreigners who said at the international conference that they did not have to worry about this.

Liu Qing sneered," So many people who died of the flu on the other side of the ocean expressed their dissatisfaction."

He had raised such a point of view in the past, and Su Qi also believed it to some extent, but not completely. In her heart, she still thought that Liu Qing had the attributes of a semi-yuan party and was throwing the problem at the other side.

However, this period of time proved that Liu Qing’s previous judgment was correct. She also believed Liu Qing’s judgment on this matter more and more.

"You mean it will be worse overseas?""

"I’m sure," said Liu Qing. They looked fine now because they hadn’t checked. If they didn’t check, there wouldn’t be anything. "When they take it seriously, I’m sure it will be much more serious than ours."

"How serious do you think it will be?"Su Qi asked.

"More than a hundred times." Liu Qing gave his judgment.

Actually, this wasn’t his judgment. It was something that really happened.

From the number of people diagnosed, a hundred times was just a small number.

"If that’s the case, then my days in the future won’t be easy.""

"Have you ever thought of finding business opportunities here?" Liu Qing asked. "We can rush down very quickly here, but it’s impossible overseas. If we invest in some related medical equipment, we might be able to obtain a very good profit growth point."

Su Qi’s eyes lit up.