Chapter 596: Country

Kishimoto Masayoshi suddenly remembered something in his head, that is, in this year, someone who was later listed as one of the hundred red notice personnel in the future had achieved the position of president of a commercial bank in a prefecture-level city in eastern Chinese mainland by virtue of his own intelligence.

This person embezzled public funds to become a tide in the international financial market, but was swallowed up by the big waves. As a result, he fled to the United States at a loss of billions of yuan.

This happened in 2001. CCTV also made a related special report on this person in 2019.

Another bigwig from a famous business family in Chinese mainland has also taken a big heel in the international financial market, directly losing billions of dollars, and being forced to retire from an important position.

This shows how terrible the international financial market is. Even people as smart as them are inevitably at great loss, let alone ordinary people?

Every time I hear or see someone boasting about how the international financial market is not terrible, I really want to give each other two big mouths.

This impulse is the one who says that Japan has lost 20 years, 30 years economically. The origin of this concept is Nobuo Ikeda's "The Lost Twenty Years".

Presumably, the person who said this must not have read this book once. Not only is it a statement by Nobuo Ikeda's family, but it is also a reflection on Japan's economic past.

As far as Nobuo Ikeda himself is concerned, he has little reputation or status in Japan's economic academic circles. His background is that he was born in Kyoto, Japan in 1953.

After graduating from the Faculty of Economics at the University of Tokyo, he joined NHK (Japan Broadcasting Association) and worked as a reporter and planner.

He is known for exposing government misuse of financial project fees and in-depth economic reporting. Later, he was promoted to a management position, got bored and left his job to become a freelance writer.

Since then, he has served as a professor at the Center for International University Social Studies and a chief researcher at the Institute of Economy, Trade and Industry. He is currently studying at Kamibu University (a private university established in 1963 in Isezaki City/Takasaki City, Gunma Prefecture, which is not very good and does not exist).

Nobuo Ikeda's information that can be found on Baidu is also pitiful. This academic level is not much in the field of economics.

Otherwise, some people would like to give an example of Japan's GDP (gross domestic product) of about $5 trillion a year since the bursting of the economic bubble in 1990.

Japan has been the world's largest creditor since 1991. The real per capita income of the people is also among the highest in the world, and the name of a developed country is not boastful.

Japan's deflationary policy has kept the yen stable and has not depreciated much. Of course, in contrast, the income of the people has generally not increased much.

It is true that the actual lives of ordinary Japanese citizens have not changed over the years. Japan's domestic economy is growing at a little over 2 percent a year.

As a result, Kenichi Ohmae's "Low Desire Society" was born, written in Japan. This man has written a lot of books, but they are all superficial, and they are all designed to cater to the needs of the mass commercial market.

Their books and Song Hongbing's "Currency Wars" are almost a mass economic or financial book.

In fact, Japan's economy is not going to improve, and the reason is very simple. Its own country is so large that everything that should be developed is almost developed.

Continuing to invest in some areas, which is over-investing, is not only completely pointless, but also a waste of resources. It is already difficult to find new economic growth points or new economic fields.

Japan has a population of 128 million, an aging population and a declining birthrate, and is about the size of China's Yunnan Province.

This is already the limit of its limit. Japan's economic growth targets have long been set in overseas countries.

Just like China's later proposal of domestic de-capacity, the Belt and Road Overseas Investment Strategy is similar. Even roads in remote rural areas have been repaired in China.

From an economic point of view, there is no need at all, after all, there are only a few cars running on the road, and it is completely over-investment. This is also the case in Japan during periods of high economic growth.

However, this is not how the accounts are calculated, not only the economic accounts, but also the social accounts, political accounts, and so on. Otherwise, the country and society will not be stable for a long time.

Gross National Product (GNP) = Gross Domestic Product (GDP) + Net Factor Income from Abroad = Gross Domestic Product + Production and Import Taxes after deducting production, import subsidies (net from abroad) + Employee remuneration (net from abroad) + Property income (net from abroad).

"What are you thinking?" Iwasaki Maki noticed that Kishimoto was suddenly silent, and at the same time, he also noticed that he was a little distracted.

Masayoshi Kishimoto came back to his senses and said, "Didn't I tell you about the reform and opening up of Chinese mainland earlier? The advantage is that the world can see it for all to see, and it has also begun to look at China differently.

Soros has always been short on China's economy. China's economy will have a hard landing. I'm the complete opposite of him, I'm singing more about China's economy. China's economy will have a soft landing. ”

"You two have one thing in common, you both have a preference for shorting. Iwasaki Maki smiled and said.

Masayoshi Kishimoto did not deny it: "It is. I suspect that the original idea of the Chinese authorities was to support some people to rise up, and then everyone could work together to govern the country well, and even restore the glorious status of ancient China in the world.

Some of the people who got rich first followed the strategic concept of jointly building the country. However, the idea of some of the first rich people is to always want to run outside.

This man ran out, but it was nothing. The problem is that if he wants to run with the wealth he has earned from Chinese mainland, then it will not work. People who want to run are also afraid in their hearts.

At the beginning, there was no shortage of wealth and nobility that they had exchanged for chains, and they had done some illegal things behind their backs, for fear that they would be settled by the queen of autumn in the future.

Later, those in power had a new strategic idea, which was to strengthen the middle class in Chinese mainland, so that they could push the upper class backwards to carry out further and deeper reforms.

As a result, who would have thought that the middle class in Chinese mainland would be timid and have no such thoughts, only expecting the top class to take tough measures to promote deep reforms directly from the top down.

If you think about it a little closely, it's easy to figure it out. China has a population of more than one billion, and the base at the bottom is too large, and the number of people living in absolute poverty is so large.

To climb up from the bottom to the middle class is not only a lot of hardship, but it also requires a little luck.

Otherwise, it won't be your turn at all. It's so easy to get. For example, a dismissal from a public office or something can directly make the middle class you are in fall to the bottom of society.

China's middle class lives cautiously, fearing that they will lose their hard-won food and clothing and decent life. ”

"You really have a lot of research experience in Chinese society. Maki Iwasaki praised.

After all, I have invested a lot of money in the Chinese mainland market. If you don't know more about it and study it, and don't you throw money into the water for nothing?" Kishimoto said seriously.