There is a joke that is called "speculating in real estate and prospering the country, and industry misleading the country".

If you put this sentence in the late 90s and early 21st century, it actually has a bit of flavor.

Some of China's measures in the aftermath of the Asian financial crisis have been effective, while others have been lackluster.

Since 1998, the central government has issued 100 billion to 150 billion yuan of construction bonds every year to provide them exclusively for local construction projects. What does this mean? When a local government launches a project, there is no shortage of start-up capital, and banks rush to give loans, and the scale of investment formed by this kind of "government investment and bank follow-up" is quite amazing, and local governments can develop by leaps and bounds, and at the same time promote the rapid prosperity of related industries.

This model, which will certainly not work in Europe and the United States after World War II, will inevitably cause a "crowding out effect", leading to a decline in private investment and spending, and an increase in market interest rates. However, China has a special system, a special national condition, and an economic environment in a special period, and it has been doing this for many years, and the "crowding out effect" has hardly appeared in China, and market interest rates have fallen instead of rising.

That's why there were so many Western economists at that time who sang about China because it didn't conform to their economic laws, and no matter how they calculated, they felt that China's economy was going to collapse.

However, the Chinese government's efforts to boost domestic demand and increase private investment have had little effect.

The interest rate on deposits and loans has been lowered several times in a row, but the people are still reluctant to spend, and a large amount of money is deposited in the bank. The money could not be borrowed at all, because many industries were struggling to develop due to export restrictions, insufficient domestic demand, and intensified competition, and private entrepreneurs became more cautious in their investments.

This creates a phenomenon --

In the early and mid-90s, it was even more difficult for private owners to get loans than they could get, and they had to go through connections and even bribes to get loans from banks. And at the end of the 90s, the bank begged you to take out a loan, but any well-known enterprise, when doing a mortgage, the review was completely formal, and some people even lent more than a billion yuan to the white wolf with empty gloves.

Private companies have become frightened birds, what should I do if I am cautious in investment and do not take out loans?

Then develop real estate!

As a result, the era of speculation and prosperity has come. Real estate companies have sprung up like mushrooms after a rain, borrowing a lot from banks to repair houses, the state has carried out policy support, completely liberalized the restrictions on housing market transactions, and ordinary people are scrambling to pay for houses. Hey, in this way, the bank's precipitated funds have been revitalized, domestic demand has also been stimulated, and all problems have been solved, which is simply ...... Perfect.

This situation is conducive to the development of the economy at a special stage, and it should be controlled by the policy after 2004, because at that time domestic demand has been pulled up, and private investment has also been warmed up, and there is no need to rely on the real estate industry to promote.

But you can't stop the car, once the beast is released, it will be difficult to put it back in the cage.

……

Mayor's Office.

The moment Huang Yunsheng opened the door, he stood up with a smile, walked a few steps and shook hands with Song Shumin: "Boss Song, look up for a long time, we finally met today!"

"Don't dare," Song Shumin said with a smile, "As an ordinary citizen of Rongping City, thank you Mayor Huang for his efforts and contributions to the economic development of Rongping." ”

"It's not my credit alone, I don't dare to take credit," Huang Yunsheng said, "Please take a seat! Xiao Tian, take out my treasured Biluochun." ”

Secretary Tian was ordered to make tea, Huang Yunsheng and Song Shumin chatted energetically, and the enthusiastic look was like two old friends who hadn't seen each other for many years. I can't see that Song Shumin was arrested and put in prison by Huang Yunsheng back then, which did not affect the communication between them at all.

Song Shumin took out a stack of manuscripts and said: "Mayor Huang, please take a look, this is the development plan I made with the dog." Humble words, smiling and generous, please correct. ”

Huang Yunsheng opened this material with great curiosity, and his eyes were "suggestions for the transportation development and construction plan of Rongping City in the next five years". This thing should be done by the city government, but it was actually taken out by a private boss, which seems a little funny.

However, when Song Shumin was in prison, he handed Huang Yunsheng the city's industrial development ideas, and now it is nothing to only talk about transportation development.

"Boss Song, please wait a moment, I'll read it first. "Huang Yunsheng attaches great importance to it.

This material begins with a discussion about the disadvantages of Rongping City's transportation location. You can enter the Yangtze River by waterway, but it is only suitable for ships with very small tonnage; you can take the railway to connect the provincial capital inside and Guizhou Province outside, but the speed is too slow, and the number of trains is also insufficient. Only the construction of expressways is the best choice to break the traffic bottleneck in Rongping City.

If that's all there is to it, then it's nothing unusual, everyone wants to build highways, the question is where will the money come from?

The next step is to discuss China's economic situation and the impact of the Asian financial turmoil on China, and conclude that the central government will inevitably carry out large-scale infrastructure construction.

Huang Yunsheng quickly browsed it, flipped back again to take a closer look, took out a cigarette and handed it to Song Shumin and said, "Boss Song, come to one." ”

"Thanks, quit. Song Shumin waved his hand.

Huang Yunsheng lit a cigarette and said: "The central government's large-scale investment in infrastructure construction is completely just speculation. From Rongping to the provincial capital, it will cost at least billions, plus the difficulty cost of the mountainous area, it is likely to be tens of billions. No matter how you plan the route, you have to pass through two prefecture-level cities along the way, which has to be unified with the leaders of other cities. I can't be the master, the province can be the master. ”

Song Shumin said with a smile: "Not to mention the question of who is in charge, the central government has invested in infrastructure construction on a large scale, does Mayor Huang think it is possible?"

"After reading your article, I think it may be. Huang Yunsheng said.

"Then we can discuss the construction of the expressway," Song Shumin took out the map of the province from his bag and swiped it with his finger, "As long as Rongping's expressway is repaired to the provincial capital, Yicheng and Lucheng will immediately follow up, and each will connect the expressway, and the traffic between Wuliangye and Luzhou Laojiao will be opened." Therefore, the five cities should work together to write to the province, this line can solve the traffic problem of a small and half well-known enterprises in the province, and revitalize the economy of the entire southeast region of the province!"

Huang Yunsheng looked at the map, his whole body was hot, he knew very well what it meant that this highway was built.

But again, no money!

Song Shumin said: "Drawing on the measures of Roosevelt's New Deal, the central government is likely to issue a large number of construction bonds, and some of the funds can be borrowed from policies. The remaining part of the funds is looking for private investment at home and abroad, and Xifeng and Xianjiu are willing to invest. You can communicate with the leaders of the other four cities in advance to get a written plan, and at least submit the project application first. The more you cry, the easier it will be to get policy loans next year, and the sooner you apply for a project, the more priority it will have in the impression of provincial leaders. Even if the central government does not have relevant policies next year, we will not lose anything. ”

Huang Yunsheng's mind was in a mess, and he said with a dry mouth: "Let me think about it first." ”

Song Shumin smiled: "Then I'll visit another day." ”

"Boss Song walks slowly. Huang Yunsheng personally sent Song Shumin out of the office, and then closed the door and smoked one cigarette after another.

This plan is too tempting for Huang Yunsheng!

Song Shumin couldn't formulate it himself, and Song Weiyang helped make a lot of expositions by virtue of the advantage of a traverser.

Once the highway is built, the transportation cost of Xifeng and Xianjiu will be reduced.

Another point is that Song Shumin is preparing to build a cement factory, and wants to monopolize the supply of highway cement in Rongping City, and he has a chance to bid in the next city.

In any case, as long as Huang Yunsheng reveals the content of the plan, Wuliangye and Luzhou Laojiao will definitely be happy, and then plead on their respective local government support plans.