Chapter 1594 - Defending the Pride of Chinese Brands (2/2)

Nobody had expected that a mere peripheral attack had included so many interlocking details and detailed planning.

The banquet was still ongoing.

At this point, the reporters had already dashed to the front of the stage hysterically and pointed their video recorders, cameras, and microphones towards Wen Xinya.

“Miss Bella, may I know what’s your relationship with the Zhishan Club? Are you a member of the Zhishan Club as well?”

Wen Xinya didn’t answer directly. “Everyone knows that in recent years, the Zhishan Club’s charity work has increasingly focused on the public. Supporting the business development of Chinese companies is also one of the ways to solve one of the root problems of the public. Incidentally, Zhishan Club intends to do charity work in this area and Lanxin Company coincidentally fulfills their criteria for support.”

“Miss Bella, do you mean that Lanxin Company is the first beneficiary of Zhishan Club’s support for the development of Chinese businesses?”

Wen Xinya nodded. “Yes, indeed. However, today, I’m attending before all of you in the capacity of one of the parties involved in the Angel Business Association.”

“In that case, Miss Bella, how do you view the external businesses’ acquisitions of Chinese brands?”

Wen Xinya went silent for a moment and slowly lifted her head to face the reporters and all of the video recorders in the banquet. “I can’t deny that external acquisitions are natural with the globalization of financial markets, follows the law of the survival of the fittest and that external investments into China can boost our financial market. However…”

Wen Xinya paused.

The hall went silent.

Wen Xinya’s voice expressed pain, helplessness, and devastation. “At the same time, it has also caused us, the Chinese, to lose the rights to compete internationally. Following the trend of the globalization of financial markets, Chinese brands are decreasing, and on the corporate world stage stands less Chinese brands. Does everyone know what outcome will this bring?”

There was silence. Everyone knew that this meant that others would get increasingly stronger and they would gradually grow weaker.

Wen Xinya smiled. “Our country, China, is a country with five thousand years of heritage. Will the things that have been passed down through the generations to our people be lousier than that of foreigners? If our stuff is worse than theirs, why will those external giants place their greedy eyes on us? They’re acquiring our brands, absorbing our advantages and strengths, and then they’ll grow stronger while we get weaker. This is the real reason why Chinese brands are worse than that of foreigners.”

Wen Xinya had spelled out the crux of the sensitive issue of foreigners acquiring Chinese businesses.

“I’ll admit that in terms of techniques and innovation, we, the Chinese, are inferior to foreign investors. However, this doesn’t mean that we don’t have the chance to surpass them. The most classic case is probably China’s home electronics—this is a new business model of us, the Chinese, and yet we managed to be number one in the world.”

Following this, she loudly said, “Thus, I’m highly resistant towards external acquisitions. For the pride of our local brands, for the growth of our local businesses, and for the future local brands to be able to compete on the global stage, if we don’t resist now, it’ll mean that there will be increasingly more external investors who’ll place their greedy eyes on us, and we’ll only end up as preys.”