Extraordinary Genius - Chapter 469 – Export tax rebate
After watching the Gala night, Feng Yu, his parents, and Li Shiqiang’s parents toured Beijing for a couple of days before returning to Bing City by train. Li Shiqiang’s mother was still afraid to travel by plane.
When Feng Yu woke up, they had already arrived at Bing City. Feng Xingtai and Zhang Muhua stayed in Bing City for another two days to wait for Feng Yu to return to the district together.
During Lunar New Year, Feng Yu was very busy. He needs to do lots of visiting. But this year’s New year was different. The Machinery Company’s automobile branch factory had completed the construction of the car using the most advanced technology they had. They were waiting for Feng Yu to return and gift it to the Provincial Government.
This car was supposed to be donated to the country, but the Chief Architect wanted this car to remain in Longjiang province. This car can be given to the Country after the Machinery Company could control the cost of construction of this car to be about the same as overseas automobile manufacturers.
Early in the morning on the 5th day of Lunar New Year, Li Mingde called Feng Yu to ask if he was ready. The people from the TV station was already there.
The Provincial Governor had said that the country will not only give the subsidies to the Machinery Company and the gifting of this car will be reported on CCTV.
Feng Yu was overjoyed. He did not expect the Governor to do this. CCTV news was the national news station and watched by millions of viewers all over China. The ratings of this news were almost equivalent to the Gala night.
Feng Yu had got up very early. It was not because he wanted to wake up so early. It was because his parents woke him up to eat dumplings. In the Northeast region, it was their custom to eat dumplings on the 5th and 10th day of Lunar New Year.
Feng Xingtai and Zhang Muhua were used to live as farmers. They had the habit of sleeping and waking up early. Although they do not exercise regularly, they were still very fit.
Every year, Feng Yu would bring his parents to the hospital for a full body checkup. He was afraid the tragedy in his previous life would happen again. Luckily, all his parents’ illnesses were discovered early and cured in this life.
Now, they owned a hospital, and it was very convenient. Feng Danying was the Chief Nurse of Tai Hua Hospital. But no one in the hospital dares to offend this Chief Nurse. Not even CEO of the hospital dares to offend her.
Tai Hua Hospital had the most advanced equipment in China, and there were also many professors and specialist sitting in from time to time. Although the charges were higher than other hospitals, this hospital quickly became the most famous hospital in Longjiang. People from the neighboring provinces would also travel all the way here to seek treatment.
Most of the patients were government officials.
Crackle, crackle, crackle……
Two strings of 10,000 firecrackers were crackling. After it had stopped, Li Mingde appeared.
Feng Yu only wanted to attend the ceremony, and he let Li Mingde face the media. Li Mingde was overjoyed.
Not everybody has the chance to appear on CCTV news. Manager Feng treated me really well. He was even willing to give me this great opportunity.
But Li Mingde does not know that it was not because Feng Yu had given special treatment to him. It was because Feng Yu does not want to show his face publicly. He prefers to hide behind the curtains and make money.
Feng Xingtai was also one of the shareholders of the Machinery Company. However, he had resigned from his position as the Deputy General Manager.
“I am representing the Longjiang Province and the Provincial Government to thank Bing City Machinery Company for donating this Songjiang Motors car – Take-Off. Thank you, Machinery Company, for making great contributions to China’s automobile industry! This car will be used to fetch our Prestigious Provincial’s guests……” The Governor started his speech.
Feng Yu was very impressed with these leaders. Even without a script, they were able to speak for a long time, and none of the contents were repeated.
Although this car was not used by the Governor and Deputy Governor, it will still be used to fetch the Provincial’s guests.
Li Mingde and told Feng Yu privately that this car’s performance was much better than the Governor’s car. The Governor was using Audi 200. But there was only one Take-Off, and it cost more than 1 million RMB. The governor was afraid that people might talk behind his back.
Feng Yu had not thought of this. But he would never agree to give the Provincial Government a few more cars.
Giving these people such good cars will also not increase their sales. The money could be put to better use, like donating to some schools.
When the ceremony was over, it was one hour later. The rest of the people starts to leave. However, Feng Yu and Li Mingde remained in the Governor’s office.
“This is the reply from the State Council. The two of you can take a look and voice out if you have any problems.”
Li Mingde took the letter and passed to Feng Yu. Feng Yu start reading the letter carefully.
The Machinery Company will be allowed to get talents from graduating students like the rest of the government agencies.
Although the university graduates were now assigned jobs by the government, the best students were generally assigned to the central government agencies first.
After the central government agencies had picked the students they wanted, the provincial governments will select from the remaining students. This will carry on down the hierarchy. The students that were left behind were then be assigned to the private enterprises.
Of course, if the student had some units in mind, they can apply for it. Most of the graduating students who asked to return to their hometown will be approved. But it was difficult for them to apply for a job in the Central Government.
Some students would give up their assigned jobs. However, the government will no longer take care of them. Under normal circumstances, the universities will persuade these students.
No matter what, it was still tough for private entities to recruit university graduates. With this condition given by the government, the Machinery Company can compete with the rest of the government agencies for talents.
Feng Yu strike off this benefit. What the hell is this benefit? Who wants these students? I can hold recruitment talks and look for talents myself. Who wants these leftovers from the state-owned enterprises?!
Feng Yu was not very satisfied with some benefits. Although these benefits might help the Machinery Company in some ways, it was not a lot of help. They make it like they were doing the Machinery Company a great favor. Bing City Machinery Company was no longer a state-owned enterprise, and the benefits it received in the past was way better than what was offered now.
The last benefits that were given to the Machinery Company were specially catered for them. Export tax rebate!
What was this export tax rebate? Companies will have to pay taxes to export their products overseas in China. This tax rebate meant that the government will give them rebates for their exportations. This will reduce the cost significantly and increase their competitiveness against competitors.
For the Machinery Company, this benefit will increase their profits a lot. This was the country’s way of helping the Machinery Company earn money from other countries.
Feng Yu passed the documents back to Li Mingde and looked at the Governor” Secretary Xu, these are the benefits given to us. Can we refuse some of these?”
“Hahaha, Zhang Ruiqiang was right about you. Just tell Zhang Ruiqiang which benefits you do not want and let him write a report to cancel it. He had tried his best to get these benefits for you and yet you are still so picky.” Secretary Xu laughed.
“Thank you, leader, for the help you have given to the Machinery Company. Can you do me one more favor? The last time when we delivered a batch of cars to Russia, there was a delay of a few days for loading. This had disrupted my Russian partner’s business. Can you help to assign a few train carriages specially to us?” Feng Yu asked.
“Tell this to Zhang Ruiqiang. Ask him to settle this for you.”
When Feng Yu walked out of the Governor’s office, he had an unhappy expression on his face. He might not get any benefits if he were to ask Zhang Ruiqiang for help. Secretary Xu was too stingy. It’s only a few train carriages, and I still got to look for Zhang Ruiqiang. Feng Yu had forgotten that there was a shortage of train carriages in China at that time.
But overall, Feng Yu was still glad that he was able to get these benefits and he could finally return to the district and have a good rest.