The rise of a great power: starting with military industry

Chapter 378 Military Industry Foreign Trade Settlement Rights

Two poetry collections, each priced at 0.7 yuan.

Although there are royalties from magazines and newspapers, they are not much, and the bulk of the money comes from royalties.

This means that, at this price, each poetry collection will be published in over a million copies.

This era is definitely a golden age for writers.

There is no such thing as piracy. As long as you write well, you can live a wealthy life just from the royalties.

What’s more, it is different now than a few years ago. A few years ago, writers did not dare to take all the remuneration they received, and would donate a portion of it.

For example, the famous Ba Jin has never received a government salary since 1949. He lived entirely on royalties. He is the only writer in mainland China who did not receive a government salary and lived only on royalties after 1949. Even Ba Jin said a famous saying: "People do not live on money alone. People think differently. Some people think that those who do not take money are fools, but I think those who take money recklessly are fools!"

After the reform and opening up, this phenomenon gradually improved, and writers who were party members no longer needed to hand over most of their royalties as party dues.

To be honest, Liu Tao never thought that his poems, written by a plagiarist, would sell millions of copies in the first publication.

"Our bookstore also sells books, and these two poetry collections are the best-selling ones. Many college students who usually don't afford to eat or drink can't help but buy the poetry collections after reading them, even if they have only read them once," said Zhu Lin.

History officially opened a new chapter in 1978.

No one wants to go back to that era, they just want to work hard in the new era.

Zhu Lin whispered about the business conditions of bookstores, flower shops, coffee shops, and tea shops.

After deducting salary expenses, utilities and food expenses, I have earned 1000 yuan so far.

The average salary of these people is 80 yuan.

Even if companies implement salary adjustments this year, a salary of 80 yuan is not considered low.

As for earning 1000 yuan, it is not much, but it is not small either. What’s more important is that Zhu Lin and others have a job.

To be honest, it doesn’t matter whether they make a profit or a loss. The loss won’t be that big. As long as they have a career to work hard for and can take good care of their children, and stop worrying about random things all day long, that’s enough.

The next day, Liu Tao went to the China North Industries Corporation and attended a meeting.

This meeting was about the adjusted wage standards to be implemented next year.

Next year, wages will be adjusted in state-owned enterprises, government agencies, and public institutions.

Enterprises directly stipulate that new employees shall follow the probationary, apprenticeship and skilled period system. After college and technical secondary school graduates join the work, the temporary salary during the probationary period (excluding the price subsidy of non-staple food) is 55 yuan for graduate students, 50 yuan for undergraduates, 45 yuan for junior college graduates, and 40 yuan for technical secondary school graduates. After the one-year probationary period, the salary level is generally for graduate students, th level for undergraduates, th level for junior college graduates, and th level for technical secondary school graduates. A few excellent ones can be assigned a higher salary, while the poorer ones can be assigned a lower salary.

Based on previous corporate profits, companies will increase salaries by an average of 10% to 20%.

The growth rates of government agencies and public institutions were also similar.

In addition to salary adjustments, there are also regulations on the setting of some allowances.

Liu Tao only took a brief look at it and didn't read it further. After all, the entire Panshan Group implemented its own salary system. As a reform pilot unit, it had greater autonomy in this regard.

Currently, Panshan Group’s salary system is still far higher than the salary that is about to be adjusted.

However, from the salary increase here, Liu Tao can also see the development of the country.

In the past few years, the country has significantly improved its national strength through reform and opening up, so there is a salary increase. In fact, in recent years, salary reform has been groping, and it has been increasing intermittently, with a slight increase every year. Although the increase is not large, it is an increase every year.

Even if the new salary system is implemented, there are still very few people in the country who are eligible to pay personal income tax.

Because the threshold for personal income tax is still 800 yuan per month.

None of the state-owned enterprises, schools, government agencies, and public institutions are qualified to earn a monthly salary of 800 yuan!

Even for the entire Panshan Group system, only the general manager of each company is qualified, and there are not many in the entire system combined.

After the meeting, a meeting was formally held.

This time, the meeting was specifically about Panshan Group.

After several years of transit, Panshan Group now wants to take back the account settlement rights and conduct independent settlement with banks.

Before, everything was routed through the Fifth Ministry of Machine Building/China North Industries Corporation, which was somewhat troublesome.

This settlement right was given by the leader himself after the "Beijing-Kowloon Railway" project, which can be regarded as compensation for Panshan Group.

In the Beijing-Kowloon Railway project, Panshan Group is responsible for 70% of the funding and is also responsible for the technical aspects.

The leaders saw all of this and were always thinking about compensating Panshan Group.

After all, according to national calculations, it will take 30 years for the Beijing-Kowloon Railway to recover its investment costs, and Panshan Group only has the right to dividends for 30 years.

This means that Panshan Group is actually suffering a huge loss, because just calculating the interest would be staggering.

So the idea was to ask the China North Industries Corporation to return the settlement rights to Panshan Group.

To be honest, China North Industries Corporation was not very willing to do so.

The current exchange rate announced by the bank is 1 US dollar to 2.327 RMB, but in fact the exchange rate between China North Industries Group Corporation and the bank is 1 US dollar to 3.5 RMB, and the settlement with Panshan Group is 1 US dollar to 2.8 RMB.

This means that for every 1 US dollar, China North Industries Corporation can make a net profit of 0.7 RMB.

In a year, the profit from the arms export business alone is nearly 50 billion RMB.

In the past, the reform of the weapons industry system depended on this money.

And now the money is gone!

It should be noted that although the China North Industries Group Corporation can also conduct foreign trade negotiations, it cannot export weapons developed by the Panshan Group. This point was clearly defined very early on.

In terms of foreign trade in the weapons industry, weapons developed by Panshan Group account for the majority, both in terms of the total contract amount and in terms of profits.

Naturally, Liu Tao would not be polite. With a buffer period of nearly a year, he had already done his best.

Panshan Group has a very large business presence. Not to mention the factories it has built or the development of overseas business, the two century-old projects, the "Shenhai Expressway" and the "Beijing-Kowloon Railway", have invested huge amounts of money.

In addition to the navy's credit, Panshan Group also needs more financial support.

Being able to regain the right to settle military-industrial foreign trade is a great thing for Panshan Group, and it is what it should be.

(End of this chapter)