Rebirth of the World’s Richest Man

Chapter 3397 Overheating

"The year before last, that is, in 2002, the total investment in the domestic iron and steel industry by private capital, state-owned capital, and foreign capital was 71 billion yuan, an increase of 45.9% compared to the previous year, which was approximately 100 billion yuan. 46%, but last year, the total investment in the domestic steel industry was 132.9 billion yuan, and the investment growth reached 96%, almost doubling. The growth rate of this investment amount is obviously abnormal. Compared with the past Economic growth is too obvious.

 In addition, we are familiar with the recording industry. Investment increased by 92.9%, which was almost doubled compared to the previous year. The growth of the cement industry was even more exaggerated, directly reaching 121.9%..."

A number of extremely exaggerated numbers popped out of Zhang Tingting's mouth. If numbers are introduced into an argumentative essay, it will appear more convincing.

 This is how it is now.

As everyone knows, in the past year, investment in the entire heavy industry industry has been very hot, and everyone can feel this.

 But there is no intuitive feeling as to whether it is hot or not.

 When these numbers come out, it really makes people feel it.

It has doubled out of thin air. This is no joke. Doubling this represents tens of billions or hundreds of billions of investments.

 Such a large amount of money pouring in is really no joke.

 “It’s too hot.” ​​Director Lu said subconsciously, attracting everyone’s attention.

Jiang Xiaobai also nodded affirmatively: "Yes, it is too hot. Yes, the heavy industry is affected by real estate, electricity shortage and other aspects. It is indeed very hot and is developing very well, but this heat is not normal."

 Everyone talked about it one after another. Yes, the domestic economy has been growing very fast in recent years. It is increasing every year, but it is only an increase of a few percent. The maximum is no more than ten percent.

It is really exaggerated for these heavy industrial industries to double and keep rising like this.

Everyone here has a big business, has a long-term vision, looks at the economic structure, and has a unique vision. Even if they are a little bit different, if their business has reached this level, they are not just looking at the one-third of an acre of land in front of them. I also have a certain pattern in my mind and a clear understanding.

This doubling of the price is really abnormal, and everyone has expressed their concerns.

 The principle of "too much is not enough" is understood by all Chinese people. This is wisdom passed down for thousands of years. It is a good thing for any industry, or any thing, to become popular.

 But if it’s too hot, too explosive, that’s not a good thing. Everything must be reversed.

Of course, there are white and black, and there are those who are not optimistic and those who are optimistic. Some people think that this good data is a good thing. It shows that the growth is very fast and will be even faster in the future.

This is just like in the stock market. When the stock price rises, some people buy it, thinking that it can rise even more, but at the same time, some people sell it, thinking that if it rises too much, it will fall.

 It is normal for different people to have different views on the same thing. However, here, the majority of people hold pessimistic opinions, and only a small part are optimistic and optimistic that this growth rate can be sustained.

When everyone had finished talking, Jiang Xiaobai said: "I am not optimistic about sustainable growth. My judgment is that the heavy industry may be overheated."

Jiang Xiaobai’s judgment was correct. On the third day of the Eastern Conference, a notice was sent out from above, which verified Jiang Xiaobai’s idea.

 There are many departments to notify, and the level is very high, but the specific content of the notice is very specific, leaving no room for ambiguity. That is the "Notice on Several Opinions on Stopping Blind Investment in the Steel, Electrolytic Aluminum and Cement Industry".

When they got the document, a group of people fell silent. The notice was expressed in a way that praise should be given at the beginning.

 What steel, electrolytic aluminum, and cement are important raw materials in the construction of the national economy...

Then, after years of construction, my country's steel, electrolytic aluminum, and cement industries have achieved considerable development. A large number of large-scale enterprise groups with certain international competitiveness are emerging, which basically meet the needs of national economy and social development, and contribute to the sustained, rapid and healthy national economy. made important contributions to development.

He also explained the reason, saying that in recent years, driven by market demand, investment growth in steel, electrolytic aluminum, cement and other industries has accelerated, and output has increased significantly.

 But at the end, they pointed out the problem directly and simply, violating regulations to build and expand steel, electrolytic aluminum, and cement projects on a large scale, resulting in blind investment, low-level duplication of construction, and illegal production.

This notice was issued so quickly that people were caught off guard.

 In fact, the phenomenon of overheating has occurred in all walks of life in the country in the past two years. It does not necessarily mean that if it is overheated, it will be regulated, and it is also not necessarily that if it is overheated, it is wrong.

For example, there is a boom in car manufacturing this year. Many places are focusing on car manufacturing and launching various automobile projects.

The superiors were also worried that the car would be overheated. After thinking about it for a long time, an inspection team was dispatched. After investigation, they found that the car was not overheated and was in line with the actual situation and production needs, so they did not intervene.

The same thing applies to the heavy industry. In everyone's opinion, it may take a while, and then an investigation team may be dispatched. The final result is uncertain.

Even if you have to step on the brakes, it may not be done all at once, nor how hard you will step on it.

 But what they didn't expect was that the brakes would be stepped on so fast and hard this time. It could be said that there was no time or room for them to react.

Liu Yonghao and Factory Director Lu suddenly felt bad and were eager to discuss with Jiang Xiaobai to see what to do with the Minhe Heavy Industry project.

 It doesn’t matter in Liaocheng. The investment is small anyway. Now that the projects have been completed, can it still be stopped? Although this possibility is not impossible, it doesn't matter even if it is stopped, the investment is not big anyway.

 But the situation in Sanmenxia and Lucheng are different. Especially the project in Sanmenxia is now halfway through. If it is stopped now, Minzhong Company will suffer heavy losses.

  No, it may even be said that Minzhong Company will cease to exist.

 But during the Oriental Conference, there are still real estate and other issues to be discussed, and there is little time for private discussion. Therefore, even if the two of them are anxious, they have to wait for the end of the Oriental Conference.

However, under this circumstance, the atmosphere of the Oriental Society was also somewhat depressed.

 (End of this chapter)