Chapter 237: Will you kindly step into the jar?

Translator:

_Min_

Editor:

Rundi

Inside Linhua Building.

Wang Linhua sat in front of the office table with a gloomy look on his face.

The meat that was almost in his hands somehow slipped away and he couldn’t do anything about it. His mood was obviously not too pleasant because Jiang Chen suddenly introduced the smart drone control system 1.0 which completely disrupted his plans.

The domestic real estate on the market was contracting due to the high price, but no market became apparent by the day. Linhua Group during 2008 was indeed very profitable, but it was going downhill. With the population aging and the growth of excessive housing, the downhill trend to the real estate market was almost irreversible.

Even with the introduction of policies such as decreased interest rate, the second child, it was still too difficult to reserve the inevitable trend of the downfall to the real estate market.

Just like the previous glorious, but now doomed coal industry, the real estate market will have to accept its inevitable fate. This point could be demonstrated by the shaky results on the financial report of Linhua group. While still in the positive, but their margin was getting narrower.

Wang Linhua, who could foresee the end to this industry, obviously was not going to wait for his own death.

There were only two choices in front of Linhua Group.

One to expand to the international market, two to shift into a different industry.

It was challenging to expand into the international market, for simple reasons. Due to the identity of the largest shareholder of Linhua group. While this skin worked well domestically, it didn’t fair too well internationally. The current status quo is, to slice a share of the cake in the international market, then they would have to use the money to do so. Although Linhua Group had money, they were not like CNPC who could not care about losses and depend on government for subsidization. This route could work but at too high of a cost.

Especially because the international market was not within the territory of the Wang family, this increased too many variables for investment. The people back home didn’t dare to trick you, but it would a different case outside. Once on the international stage, they may not withstand the test of capital.

As a careful consideration, Wang Linhua didn’t use the first option.

On the second hand, it was easier to shift to a different industry. Just like the mine owners that sold the unprofitable mines, some invested in sports, some in movies,