Rebirth of the Powerful

Chapter 106

He walked to Cao Haoxuan's door and knocked on the door. Cao Haoxuan opened the door with sleepy eyes in pajamas painted with cartoon patterns, his face became surprised, and he said, "Uncle! You're back!"

Cao Zhiyuan said: "Go to bed so early? It's not like you, I remember you like to stay up late..."

"Tired of reading? "Rong Zhai Essays" or "Zi Zhi Tong Jian"?" Cao Zhiyuan walked into the study room. There was a faint fragrance in the study room. A huge bookshelf took up an entire wall, and there were philosophy, Literature, history and other social science reading materials, as well as some popular science books, a huge "History of World Weapons Technology" has [-] pages, and the binding and drawing are very beautiful...

Cao Zhiyuan turned over a book on the table - Mankiw's "Western Economics", which surprised him, and said, "Xiaoxuan, when did you start reading economics books?"

"Well, a friend wrote some insights on economics, I don't understand... just follow the clues a little bit, and make up for it..."

Cao Haoxuan pointed to the letter on the desk.

Cao Zhiyuan picked up the letter with great interest, turned around and asked, "Xiaoxuan, can I read it?"

"Although there are suspicions of violating my right to privacy, I agree..." Cao Haoxuan said with a mischievous smile.

Cao Zhiyuan opened the letter paper casually, his handsome handwriting was full of vigor and taste, Cao Zhiyuan nodded slightly, looked at it, his calm face became dignified, and finally, he unknowingly took out a Smoke up...

He frowned, looking like he was thinking hard. Cao Haoxuan knew that his uncle didn't smoke very much, and he would only smoke one when he had very important issues to think about.

Cao Zhiyuan glanced at the text from time to time, sometimes stared at a few words patiently pondering, and from time to time showed a look of sudden realization. Before he knew it, the smoke in his hand had burned down to his fingers, and he threw it out reflexively.

Cao Zhiyuan was pushed to the fore with the title of "Pioneer of Reform". Of course, his father Cao Pingchuan's influence in the military and China's political arena also played a role, but the most fundamental reason was that he knew economics very well. He used to work in the State Planning Commission, and he participated in the top-level design of several reforms in Huaxia Kingdom. Several high-level "literate men" were full of praise for his insights on reform economics.

The words that can make this economic reform expert think seriously must be extraordinary insights.

Originally thought that these things written by Xia Xiaoluo were common things. Cao Haoxuan came over and said, "Uncle, what's wrong?"

Cao Zhiyuan didn't pay attention to him, but kept flipping through the thin letters, staring at them, muttering something, sighing softly...

Cao Haoxuan was also very surprised. He was unexpected by his uncle's reaction. In his eyes, Xia Xiaoluo must be more well-informed and knowledgeable than ordinary people of the same age. Beidou's uncles are all so thoughtful.

Cao Zhiyuan's eyes hadn't left the fragile letter papers, and he asked, "What does your friend do?"

"Student..." Cao Haoxuan said.

"Oh? Student? Which school is it from? Central Finance and Economics or Guanghua School of Management? Is it a graduate student? Or a Ph.D? What's the name of his advisor?"

Cao Zhiyuan, who has always been steady and dignified, threw out these questions like a cannonball.

"He's not a college student, he's a high school student, and he's still in high school... He's a student at No. [-] High School in Luoshui County, our hometown, named Xia Xiaoluo."

"What!" Cao Zhiyuan's eyes widened, he sat down on the chair dejectedly, shaking the letter paper in his hand and said. "A high school student..."

He took a deep breath and said as if muttering to himself: "If a university professor can write such a thorough and well-organized paper, I can still accept it. How could it be written by a high school student? If the paper is published, the Nobel Prize in Economics is all ours..."

He sighed and said, "All the doctors and postdoctoral fellows from the Provincial Government's Policy Research Office can pack their bags and go to the high school in our hometown to go to middle school!"

"Uncle, do you mean that he wrote this article well?"

"It's not just good writing?" Cao Zhiyuan said solemnly. "This article first analyzes the current situation of state-owned enterprise reform, and points out that without changes in property rights, relying solely on contracting and scientific management methods cannot really revitalize state-owned enterprises... Based on this alone, this article The ideology of the article is already advanced and correct. The author proposes that in order to solve the long-standing problems of state-owned enterprises, it is necessary to establish a modern enterprise system with "separation of government and enterprise, clear property rights, clear rights and responsibilities, and scientific management". Very good……"

"However, he did not stop there, but went a step further and analyzed the possibility that state-owned assets may be sold at a low price and may be lost in the absence of legal rules in the process of property rights reform of state-owned enterprises... Those who can see this , there are not three people in China who can be so sober! Even Professor Wu and Professor Li, the founders of our market economy!"

"Having discussed this point, the height of this article is unprecedented. But he did not stop here. He proposed that after the completion of the reform of the property rights of state-owned enterprises and the formation of new joint-stock enterprises, natural persons or private enterprises with the status of major shareholders Enterprises can transfer benefits through affiliated transactions, thereby hollowing out state-owned enterprises! Because the premise of our proposed property rights reform is to hope that private major shareholders can fulfill the responsibility of supervising professional managers and safeguard the interests of all shareholders, but in fact, major shareholders The interests of the minority shareholders, that is, the owners of state-owned assets—the whole people may be at odds.”

Speaking of this, he slapped the table heavily, and said: "This article is a strategic plan, and the economic thinking infiltrated in it is very advanced, and every word can be described as pearls of pearls!"

Cao Haoxuan was stunned to see his respected uncle praising his friend's article.

In the middle of the night, Cao Zhiyuan, who was already extremely tired, showed a long-lost smile. After Xia Xiaoluo's article, after a little bit of Xia Xiaoluo's article, the problem that he had been thinking about for a long time suddenly became clear.

He went on to sigh: "This article then raises a sharp question. He said that the extremely dispersed ownership of publicly held companies in the United States is essentially the same as that of China's enterprises owned by the whole people, but the United States can use severe punishments and stock markets. Changes in stock prices, option incentives and other means to motivate and restrain professional managers. Therefore, professional managers will take maximizing the interests of shareholders as their business goal. In fact, our state-owned enterprise factory directors should have the same responsibilities as professional managers, but they do not have these Of course, they will passively slow down their work and produce various moral hazards. The selection of professional managers is based on administrative appointments instead of shareholders’ voting with their feet, which cannot reflect the increase or decrease of shareholder value. Of course, it will not be possible to select excellent professional managers. Maintain and increase the value of state-owned assets..."

Regardless of whether Cao Haoxuan could understand or not, he said with piercing eyes: "This article compares the property rights of state-owned enterprises before, during, and after the reform; Comparing... tsk tsk, ingenious workmanship, high-rise..."

He gave Cao Haoxuan a meaningful look, and said, "Xiaoxuan, is this really written by a high school student?"

Cao Haoxuan said: "Why are you lying to me? He used to write a few poems... One of them is called "Self-Deprecating"..." As he spoke, he read out the poem that Xia Xiaoluo had read.

"He is really a once-in-a-century genius!" Cao Zhiyuan couldn't help but believe the facts before his eyes, "Have you shown this letter to others?"

"No. This is a personal letter...how can I show it to others?" Cao Haoxuan said.

He took a deep breath, then naturally put the letter paper into the envelope, put it in his pocket, walked out the door, and said, "Xiaoxuan, go to bed early!"

Cao Haoxuan was stunned for a moment, grabbed his uncle's arm, and said, "Uncle, you actually robbed him? Thanks to you, you are the governor?"

Cao Zhiyuan grinned and said, "Let me watch it for two days!"

"I want to borrow it to see it, so tell me...how can this be done?" Cao Haoxuan gave him a blank look. "What's the difference between this kind of behavior and a rogue?"

Cao Zhiyuan said very depressedly: "I'm afraid you won't borrow it! Well, I'll go to rest, and I'll return it to you after reading it!" He left with the letter as if he had found a treasure.

The next day, as soon as Cao Zhiyuan returned to the Central Plains Province, he asked his secretary to print out the letter, and then called several doctors and masters in the Policy Research Office together and said: "You study hard, and then expand, one Written by a high school student, let’s see how good it is.”

The doctors screamed and looked forward to this article, and couldn't help sighing, saying, Vice Governor Cao really didn't go out in vain this time, it must be the real thing bought by the experts from the State Council!

………………

After one class ended, Xia Xiaoluo and class teacher Yang Jingchu stood chatting in the corridor on the second floor. In front of them was a tall sycamore tree. The leaves had already fallen, leaving bare branches, shivering in the breeze, which made people feel Desolate and lonely.

The air is dry, and the air in late autumn is exceptionally cold.

The students downstairs were surging like a tide. Tang Ningye was playing badminton with her classmates downstairs. The badminton was flying back and forth in an arc in the air.

With a faint smile on the corner of Xia Xiaoluo's mouth, he said, "Mr. Yang would like you to discuss something?"

Yang Jingchu smiled and said, "What bad idea do you have?"