Imperial capital.

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

In the wake of the turmoil in Europe's financial system, senior executives from various ministries have once again sat down to discuss future development plans.

Economic development is inseparable from the support of capital and technology, which is the most obvious truth and a fact that can be seen with the eyes.

Just like Thailand and South Korea, as a result of the increase in foreign investment by the major chaebols and group companies, the economies of these two countries have developed by leaps and bounds in just one year, with sharp growth in employment, gross national product, and per capita income.

Especially Thailand.

Since the Bank of Thailand Governor Sunny took office, he has carried out drastic economic and financial reforms, first liberalizing the external restrictions on the stock market, and gradually opening up the domestic financial industry and the real estate market, and then fully opening up the financial market and establishing an offshore financial center, which has attracted large-scale foreign investment in Thailand in just one year.

A year.

From the existence of the bottom of the four little tigers, it has become the leader of the four little tigers in a direct leap, and its fierce development momentum is even very likely to become a developed country.

Poverty alleviation, increased employment, increased per capita income, and increased national income.

With living examples in front of them, who can not be tempted?

But Zhang Youwei didn't expect that the reform plan he rushed out overnight was not directly adopted.

"The European economic turmoil is a big opportunity for us, and from the report, the total amount of capital flowing out of the European market in the recent past is at least $36 billion. ”

"The latest policy of the government shows that they are increasing their overseas investment, and South Korea and Thailand have at least 30 trillion yen of capital flowing into the capital in the past year. The Sumitomo Rubber Group and Toyota Motor Group alone will invest about US$500 million in the new plant in Thailand......"

“......”

"Thailand's development is in sight, and their success has fully demonstrated the importance of a free market economy, which is just like homework waiting for us to copy!"

“......”

Looking at Zhang Youwei's dissatisfaction and excitement, Nian Yao Shun put down the teacup and smiled humbly.

"Xiao Zhang. I understand your enthusiasm, young man, energetic, energetic, and enthusiastic, but this matter has a bearing on the future of the country and the nation, and it is not too late for us to listen to the opinions of other comrades and make a final conclusion. ”

"Year. Don't miss the opportunity, and the loss will not come again. We've been talking about this for more than two months. Twenty years ago, Britain's economy was not much better than it is now, but it took them two decades to get out of the economic quagmire and achieve new economic growth.

When I was in England, I studied the rationale for this, and since Margaret Thatcher came to power, she has been gradually promoting privatization and at the same time loosening financial market restrictions. It is these two basic principles that have enabled the UK to emerge from the economic downturn in the shortest possible time.

My supervisor was a professor of economics at the University of Cambridge, who was one of the staff members of Thatcher's cabinet.

I asked him for advice, and his view is that a fair and free market can attract more capital to settle in, because economically, the global economy is actually a flowing pool, where the depression is low and the freedom is high, its activity is high, its vitality is stronger, and its potential is greater. ”

"There are also Finland, Sweden and Italy, and the developed countries in Europe all have one thing in common, and in their development process, financial markets have played a big role in their development. ”

“......”

One may be survivorship bias, but two or three, which cannot be explained by survivorship bias.

Nian Yao Shun couldn't help frowning, habitually touching the cigarette in his pocket, until he realized that all the college students present were not suitable for smoking, so he picked up the teacup and took a sip.

After a long time, he put down the teacup and said, "Xiao Zhang." I agree with your idea, finance does have an unusual position in the development of modern economy, which is why the state will gradually experiment with the securities market and the futures market, but I still think that it is too risky to rashly and comprehensively develop the freedom of the financial market. ”

"Year ....."

"Xiao Zhang. I didn't say I disagreed, let's listen to what other comrades have to say, and then refer to it, what do you think? Xiao Wang, what do you say. ”

"I agree with you, Minister, that a free financial market is not an inevitability of development. Just like Germany, the German financial market has high restrictions on foreign investment, not to mention various thresholds, and high tax rates. But Germany's economy has always been the big brother of Europe. This was due to Germany's two successive defeats in World War I and World War II, and the huge amount of war reparations it paid.

Why is this happening?

When I was in Germany, I had a clear understanding of why Germany is so strong.

The rigor of the Germans is crucial, such as car manufacturing, the European economy has not been doing well in recent years, and most of the car brands in other countries are operating at a loss, but the Volkswagen Group and the BMW Group have always been profitable. And Germany's economy has been growing.

People are not completely dependent on financial markets, but with technology at their core.

In the German mind, finance is all virtual, and technology is king, and I very much agree with this. Without basic industry, science and technology to engage in finance is a castle in the air. ”

"Director Wang, you can't say that. Is it worse than the Soviet Union in terms of industrial science and technology? Even if East and West Germany are merged now, the sum up will not be comparable to the industrial level of the Soviet Union at the beginning. Being able to confront the United States and most of Europe and us on its own, it is said that the Soviet Union was the second in the world in science and technology industry at that time, and the United States probably did 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 paid attention to the financial market, it would not have been divided into the 15 countries it is today. Finance, it is not only the economy, but also a strategic weapon in the current international situation, and secondly, it can expand the scope of financing and bring more capital development to the development of science and technology and industry. ”

“......”

Nian Yaoshun listened to one head and two big.

Both of them have a point, and they both have living examples in front of them, and it is really difficult to make a choice.

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

But in terms of emotion and gratitude, he is more inclined to Wang Shoucheng's theory, without solid industrial technology, what kind of finance always feels very empty.

It's not a weakness, it's a weakness of the heart.

Because, he still hasn't really figured out what this thing is.

With such a major matter, Nian Yao Shun didn't dare to make a decision directly, and glanced at Tang Chaoke, who had returned from studying abroad.

Although in terms of state system, China and the Soviet Union are similar, but in terms of culture and traditions and ideology, they are closer to the original country.

It is said that Ben can become the world's second largest economic system, and there must be a treasure of experience to learn from.

"Don Jr. What do you think?"

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

“.......”

What did this kid learn from this kid?

How good I didn't learn, I learned all the two sides and three knives of myself.

"I have studied the history of economic development in modern times, and a large part of the reason why I was able to rise rapidly again after the war, in addition to the support of the Americans, is that I have fully absorbed the financial changes in the Western economic system, but at the same time I have the German dedication to industrial technology. ”

"I am also engaged in finance, but from the perspective of the operation of the Ministry of Finance, in this case, the financial market is just a tool. A tool used to promote economic development and industrial development.

In this world, 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 the investment funds are basically all controlled by state-owned capital and there are no foreign capital or private equity management funds.

Its purpose is mainly to finance the development of enterprises in the financial market, not to the financial market economy. ”

"There are three pillar industries that really make this 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 the driving force of economic development.

Second, technology.

Since the end of the war, although he was forced to abandon the military factories, those military factories turned to the private sector, and the technology not only did not stop, but was innovated to the greatest extent.

For example, Kawasaki, which now receives more than 55% of the shipbuilding industry orders every year.

The second is the major automobile brands, and the leading manufacturing level makes the car all over the world.

There are also daily chemicals and other products......"

"Third, there are commodity resources. The four major grain merchants control almost 60 percent of the total trade volume in the Asian agri-grain market, while Sumitomo and Mitsubishi influence the price changes of global non-ferrous metals. ”

"Finally, the financial markets. He said that the development of the financial market is more for the purpose of influencing the pricing power of commodity resources to serve the major chaebols, rather than for the financial market economy. ”

"So I think we can develop finance, but there is no need to fully open the financial market like Western countries, bulk resources and industrial technology are the core of development, and finance can only play an auxiliary role.

Like the real estate market I mentioned a few years ago, it has immeasurable potential to transform the workforce. 、

We have a population of more than one billion people in China, think about it, if these people are converted into labor resources, how huge wealth can be created?"

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

Bang, bang!

Suddenly, there were two knocks at the door, and when Nian Yao Shun turned around, the secretary hurriedly walked to him and lowered his ears.

Huahai University, School of Economics.

As Shen Jiannan's voice paused, the students present suddenly began to discuss.

"How is this possible? Princeton University was founded for drug dealers to hide drug money?"