The rise of a great power: starting with military industry

The nation's largest commercial mortgage company's stock price plummeted and it faces bankruptcy.

The US subprime mortgage crisis worsens!

In order to save the market, the Federal Reserve lowered the window discount rate by 50 basis points to 5.75%!

In just three days, the Bank of Japan injected another 1 trillion yen into the banking system, while the European Central Bank planned to increase its rescue efforts.

The next day, the Bank of Japan injected another 8000 billion yen into the banking system. It is conceivable that there are major problems in the Japanese banking system. Without such a large-scale injection, the Bank of Japan would probably not be able to hold on.

Even the Reserve Bank of Australia injected A$35.7 billion into the financial system.

After the Federal Reserve lowered the window discount rate by 50 basis points, it injected another $37.5 billion into the financial system. On the same day, the European Central Bank added 400 billion euros in refinancing operations.

The next day, the Bank of England lent 3.14 million pounds to commercial banks to deal with the crisis, and the Federal Reserve injected another 70 billion US dollars into the financial system.

But it couldn't last a week.

In just 5 days, the Fed had to inject another $95 billion into the financial system, the next day it injected another $52.5 billion, and then just one day later it injected another $100 billion into the financial system.

It is conceivable how serious the US subprime mortgage crisis was at that time.

Affected by the US subprime mortgage crisis, Europe, Japan, South Korea, Australia and other countries were all affected and had to carry out market rescue.

George promised that the government would adopt a package to rescue the subprime mortgage crisis.

But British banks are already starving for cash!

The Bank for International Settlements and Standard & Poor's have different opinions on the severity of the subprime crisis.

In just half a month, the Federal Reserve again lowered the federal funds rate by 50 basis points to 4.75%!

The crisis is so severe that even China, across the Pacific Ocean, feels the chill!
As Europe, the United States and other countries fell into crisis, Chinese companies doing foreign trade business encountered setbacks one after another.

After all, Europe and the United States are in crisis, consumption is declining, and the decline in orders has caused China, which has become the "world factory", to encounter difficulties in foreign trade. Some foreign trade companies have already gone bankrupt or are on the verge of bankruptcy.

These companies that specialize in foreign trade business were the first to feel the impact of the US subprime mortgage crisis!
In order to cope with the crisis, Huaxia held a high-level economic meeting and invited representatives from major companies to attend.

The meeting fully listened to the opinions of representatives from all walks of life, and then held discussions, giving positive signals.

The government will introduce a series of measures to expand domestic demand, stimulate consumption, lower interest rates and loan thresholds, reduce taxes and fees, reduce the burden on enterprises, and help them tide over difficulties.

The personal income tax exemption threshold is planned to be adjusted to 3500 yuan!
In addition, a series of tax exemptions and special additional deductions have been introduced.

Special additional deductions include children's education, continuing education, major illness treatment, housing loan interest, housing rent, support for the elderly, and infant care.

In terms of stimulating consumption and expanding domestic demand, it includes reducing taxes and fees, as well as government investment.

Government investment includes affordable housing, shantytown renovation and other affordable housing; rural water, electricity, gas and other livelihood projects and infrastructure; major infrastructure construction such as railways, highways, airports, water conservancy and urban power grid transformation; development of social undertakings such as medical care, education and culture; energy conservation and emission reduction and ecological construction projects; independent innovation and industrial structure adjustment!
Long before this, a large-scale survey was conducted and a plan was drawn up.

Now, no matter what, we should come up with a plan to implement it!

This is just the first step!
Because it is still the US subprime mortgage crisis, it cannot be called a world economic crisis!
The main problem this time still lies in the US subprime debt, not China itself.

In recent years, China's economy has developed rapidly and its financial situation is good. The central government has a large amount of fiscal revenue and fiscal surplus, and the debt ratio is very low, which is in a very healthy state.

This crisis is an imported crisis!
The world economy has declined and demand has decreased due to the US subprime mortgage crisis, and China, as the "world's factory", has been affected. This is economic globalization!

The various economies are closely linked and no one can be completely cut off.

But now China seems to have more than enough energy to deal with the crisis.

A large amount of funds can be used to save the market!

Goods that cannot be exported can be used for internal consumption to expand domestic demand and stimulate consumption.

One of the most important things here is the construction of affordable housing, major infrastructure, and urban power grid transformation.

All of these can drive economic development.

This time, real estate was not chosen. Real estate was used as a reservoir of funds to stimulate domestic demand.

After all, 1000 million affordable housing units and the construction of a large number of nursing homes and schools are not very beneficial to the real estate industry.

These are central funds, and they are matched by provincial, municipal and county funds!

For example, Hong Kong announced that it would invest 5000 billion yuan in large-scale infrastructure in the next five years to modernize some old houses and build a number of affordable housing. At the same time, it would reclaim 200 square kilometers of land, or 30 acres of land, and build more hospitals to improve Hong Kong's medical conditions.

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

When this news came out, it immediately caused a great sensation in Hong Kong.

Before this, for more than ten years, Hong Kong had been discussing the continued reclamation of land from the sea, but had never really decided to do it.

Every time when something is about to be done, environmental protection organizations, marine organizations, etc. jump out to stop it.

But it’s different now. The Hong Kong government has made the announcement directly!

Theoretically, 200 square kilometers of land can add 100 to 150 million people to Hong Kong. If it is more densely populated, it is not impossible to add 200 million more people.

Similarly, Macau has also launched a large-scale infrastructure plan, intending to invest 1800 billion yuan in large-scale infrastructure over the next five years.

A big part of this is to vigorously develop Zhuhai's Hengqin Island and Nanping Town, which will serve as a demonstration project for joint construction and management by Macau and Zhuhai, and for the integration of Zhuhai and Macau.

While Hong Kong and Shenzhen are integrating, Macao and Zhuhai have also proposed the integration of Zhuhai and Macao early on.

Different from Hong Kong, Macau is a place of good and excellent children.

We have been exploring the integration of Zhuhai and Macao for ten years!

Macau also reclaims land from the sea, but it actively promotes the integration of Zhuhai and Macau. Hengqin Island and Nanping Town, which are adjacent to Macau, are demonstration projects created through cooperation between the two sides.

Macau has invested in the construction of primary schools, middle schools, universities and hospitals here, and regards it as the back garden of Macau's development. A considerable number of people with Macau household registration live in Hengqin Island and Nanping Town.

There is more than one connected bridge.

Taking advantage of this opportunity, Zhuhai and Macao will invest more funds to develop Hengqin Island and Nanping Town and promote the integration of Zhuhai and Macao.

This time, Xiangjiang also started the integration of Hong Kong and Shenzhen.

It's not that we need to build a bridge. The traffic bridge between Xiangjiang and Pengcheng is enough. It's other aspects! (End of this chapter)