Rebirth of the Financial Overlord

Vol 6 Chapter 26: Gathering of overseas students

Imperial capital.

   National Economic and Trade Commission, Ministry of Foreign Economic Relations and Trade.

   Due to the violent turmoil in the European financial system, executives from various ministries and commissions once again sat together to discuss future development plans.

  Economic development cannot be separated from the support of funds and technology. This is the simplest truth and a fact that can be seen with the eyes.

   Just like Thailand and South Korea, Japan’s major chaebols and group companies have increased their foreign investment. In just one year, the economies of these two countries have achieved rapid development, and employment, GDP and per capita income have increased sharply.

   Especially Thailand.

Since the governor of the Bank of Thailand, Sonny took office, he has carried out drastic economic and financial reforms. First, the stock market was liberalized, and the domestic financial industry and real estate market were gradually opened. Later, the financial market was fully liberalized and the offshore financial center was established. In just one year, it attracted large-scale foreign investment into Thailand.

   One year.

   From the bottom of the four little tigers, it immediately became the leader of the four little tigers. With its fierce development momentum, it is even very likely to become a developed country.

  Get out of poverty, increase employment, increase per capita income, and increase national income.

   living examples are in front of us, who can not be tempted?

   But Zhang Youwei did not expect that the reform plan he drove out overnight was not passed directly.

   "This year, the European economy is turbulent, which is a big opportunity for us. From the report, the total capital outflow from the European market recently is at least 36 billion U.S. dollars."

"There is also Japan. The latest policy of the Japanese government shows that they are increasing overseas investment. South Korea and Thailand have at least 30 trillion yen in capital from Japan in the past year. Sumitomo Rubber Group alone , Toyota Motor’s two group companies established new plants in Thailand and injected up to about 500 million US dollars..."

   "......"

   "Thailand's development is in front of our eyes, and their success has fully proved the importance of a free market economy. This is just like homework waiting for us to copy!"

   "......"

   Looking at Zhang Youwei's dissatisfaction and excitement, Nian Yao Shun put down his tea cup and smiled humbly.

"Xiao Zhang. I understand your passion, young man, energetic, aggressive, and enthusiastic, but this matter is related to the future of the country and the nation. We will listen to the opinions of other comrades before making a final conclusion. It's not too late."

"Year department. Opportunity cannot be missed. Lost will not come. We have been discussing this for more than two months. The economy of Britain 20 years ago is not much better than ours now, but it took them 20 years to get out of the economy. The quagmire has set a new high in economic growth.

   When I was in the UK, I deeply investigated the principles. Since Mrs. Thatcher came to power, she has gradually promoted the privatization process while relaxing the restrictions on the financial market. It is these two basic principles that the UK can get out of the economic downturn in the shortest time.

  My mentor is a professor of economics at the University of Cambridge, and he is one of the staff of the Thatcher cabinet government.

I have consulted him, and his view is that only a fair and free market can attract more capital to settle in, because from an economic point of view, the global economy is actually a flowing pool, where the depressions are low and the freedom is high. The activity is high, the vitality is stronger, and the potential is even greater. "

   "There are also Finland, Sweden and Italy. European developed countries have a commonality. In their development process, the financial market has played a big role in promoting."

   "......"

   One may be survivor's deviation, but two or three can't be explained by survivor's deviation.

  Yao Shun frowned and habitually touched the cigarette in his pocket, until he realized that all college students were not suitable for smoking, he took a sip from his teacup.

For a long time, he put down his teacup and said: "Xiao Zhang. I agree with your idea. Finance does have an unusual position in the development of modern economy, so the country will gradually pilot the securities market and futures market, but I still think, It is too risky to rush to fully develop the freedom of the financial market."

   "Year Department..."

   "Xiao Zhang. I didn't say disagree, let's listen to what other comrades say, and refer to it again. What do you think? Xiao Wang, what do you say."

"I agree with the Minister. A free financial market is not an inevitable development. Just like Germany, the German financial market has very high restrictions on foreign investment, not to mention various thresholds, and high tax rates. But the German economy is He has always been the big brother in Europe. This is due to Germany's two consecutive defeats in World War I and World War II and compensation for huge war damages.

   Why is this happening?

   When I was in Germany, I clearly realized why Germany is so strong.

   The rigorous attitude of the Germans is crucial. For example, in auto manufacturing, the European economy has not been very good in recent years. Most car brands in other countries are operating at a loss, but the Volkswagen Group and BMW Group have always been profitable. The German economy has been growing.

   People are not entirely dependent on the financial market, but based on technology.

   In German thinking, finance is all imaginary, and technology is the kingly way. I very much agree with this. Without a basic industry, science and technology are going to do a lot of finance. "

"Director Wang, you can't say that. Is it worse than the industrial technology of the Soviet Union? Even if the combination of East and West Germany, combined, it is not as good as the original industrial level of the Soviet Union. We can stand against the United States and most of Europe on our own. Saying that the Soviet Union was second in science and technology industries in the world at that time, the United States might not dare to recognize the first."

"As a result, it turned out to be a mess on the financial battlefield. If the Soviet Union had attached importance to the financial market, it would not be split into the current 15 countries. Finance is not only the economy. In the current international situation, it is more It is a strategic weapon, and secondly, it can expand the scope of financing and bring more capital development for the development of science, technology and industry."

   "......"

   Nian Yao and Shun sounded one head and two big ones.

   What the two people said is reasonable, and there are real examples in front of them, it is really difficult to make a choice.

   Intellectually, he felt that Zhang Youwei was right. Thailand and China are neighbors. The ready-made examples are there, just like copying homework, just copy the homework against the answer.

   But in terms of emotion and gratitude, he is more inclined to Wang Shoucheng's theory. Without solid industrial technology, financial things always feel particularly empty.

   is not the weakness of weakness, but the weakness of a guilty heart.

  Because, he hasn't really understood what this thing is.

  Nian Yao Shun didn't dare to make a decision on such an important matter. He glanced at Tang Chaoke, who had returned from studying in Japan.

   Although China is similar to the Soviet Union in terms of the national system, it is closer to Japan in terms of culture, tradition and ideology.

   Japan could become the second largest economic system in the world, so there must be precious experience to learn from.

   "Xiao Tang. What do you think?"

   "I think what the two seniors said makes sense."

  "..."

   What did this kid learn in Japan?

   I didn't learn how good it was, and I learned all the two sides and three knives of Yu.

"I have studied the history of Japan’s modern economic development. Apart from the support of the Americans, a large part of the reason why Japan was able to rise again rapidly after the war was that it fully absorbed the financial changes in the western economic system, but at the same time. It has the obsession of the Germans in industrial technology."

  " Japan also engages in finance, but from the perspective of the operation of the Ministry of Finance, the financial market is only a tool in Japan. A tool used to promote economic and industrial development.

   In Japan, there are two main groups that dominate the financial market, one is state-owned capital, and the other is ordinary investors, that is, retail investors.

  This is reflected in the fact that Japan’s investment funds are basically all controlled by state-owned capital without foreign investment or private equity management funds.

   Its purpose is mainly to provide enterprises with financing and development in the financial market, not the financial market economy. "

  "There are three aspects that really make Japan the pillar industry of the second largest economic system. First, real estate. The development of local industries has transformed the country's labor force to the greatest extent and promoted economic development.

   Second, technology.

  Since the war, although Japan was forced to abandon the military factories, but those military factories were transferred to private development. Not only did the technology not stop, but the greatest degree of innovation was achieved.

  For example, Kawasaki, the shipbuilding industry orders received by Kawasaki every year account for almost 55% of the global shipbuilding market.

   Next are the major automobile brands. The leading manufacturing level allows Japanese cars to spread all over the world~www.readwn.com~ and daily chemicals and other products......"

   "The third is the commodity resources. Japan's four major grain merchants control almost 60% of the total trade volume of the Asian agricultural and food markets, while Sumitomo and Mitsubishi influence the global non-ferrous metal prices."

   "The last point is the financial market. My development of the financial market is more to influence the pricing power of commodity resources to serve the major chaebols, rather than for the financial market economy."

   "So I think that we can develop finance, but there is no need to fully open up financial markets like Western countries do. Bulk resources and industrial technology are the core of development, and finance can only play a supporting role.

   Just like the real estate market I mentioned a few years ago, it has an immeasurable potential for transforming labor. ,

   We have a population of more than one billion in China. Think about it. If these people are transformed into labor resources, how much wealth can be created? "

   "The pilot in the real estate market is indeed relatively successful, but financial..."

   bang, bang!

   Suddenly, there were two knocks at the door. When Nian Yao Shun turned around, the secretary hurried to his side and lowered his ears.

   Huahai University, School of Economics.

   As Shen Jiannan’s voice paused, the students present suddenly started talking.

   "How is this possible? Princeton University was established for the purpose of hiding drug money by drug dealers?"

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