In July, when Hong Kong returned to the motherland, the Bank of Thailand gave up the fixed exchange rate of the Thai baht tied to the US dollar in the first half of the year, and officially announced that the Thai baht had fallen, and in just three to five days, the Thai baht fell sharply...... For a time, the whole Southeast Asian region was shrouded in the financial crisis, that is, the securities markets of Hong Kong and Singapore were also violently oscillating after a sharp decline, and a large number of speculative funds were like crocodiles smelling blood, surging to grab food, and no one could predict how the economy would go.

In the first half of the year, the growth rate of foreign trade industries, mainly light industry, in the coastal areas slowed down significantly, while industrial clusters related to Hong Kong's entrepot trade have been under downward pressure since the second quarter.

The securities markets in China, Japan and South Korea have all fluctuated and fallen, and it seems that no region has been immune from this financial turmoil.

In late July, the State Council also conducted a preliminary survey of the scale of foreign debts of various provinces and municipalities, and the situation was quite optimistic.

In the past 20 years, Guofeng has attracted more than $200 billion in foreign exchange funds, mainly concentrated in medium- and long-term industrial investment, and in the short term, the scale of capital outflow may be small due to the deterioration of the economic situation, which is about $30 billion.

The country's foreign exchange reserves in '97 were not very strong, but they were more than enough to deal with short-term capital outflows.

The main task of all provinces and municipalities is to return to the rhythm of coping with the contraction of light industry and foreign trade industries and preventing a sharp decline in the economic growth rate.

During this time, Shen Huai had to keep an eye on the trial production process of Xinpu Steel Mill on the one hand, the negotiation process of Xinpu Refining and Chemical on the other, and on the other hand, he also dragged him everywhere to participate in economic seminars, and it seemed that in addition to his official status, he had also become a recognized economic expert.

In recent years, the rise of Donghua's foreign trade industry has also been quite fierce, including Ziluo Home Textiles and Hu's Garment, and there are six light industry enterprises with a foreign trade output value of more than 100 million yuan in Meixi New District.

Among these companies, affected by the financial turmoil, there are strong and weak.

Hu's Garment, which was greatly affected, saw a significant decline in foreign trade sales revenue in June, and the factory began to reduce the amount of work, but it has not yet reached the level of reducing labor.

Ziluo Home Textiles, which is less affected, has only slowed down, while the production base with 2,000 employees planned to employ workers in the Xinpu International Home Textile Industrial Park is also in full swing and shows no signs of slowing down.

Behind this is to be explained, and there is not much secret.

As a Hong Kong-funded enterprise, Hu's Garment exports its products to Hong Kong and re-export, and in addition to Europe and the United States, a considerable part of its products are sold to Japan, North Korea and Southeast Asia.

The scale of import and export trade in Southeast Asia has shrunk significantly since the beginning of the year, and it is at the center of the financial turmoil at this time, while Hong Kong, as the economic center of Chinese businessmen, feels more keenly, and the pressure is directly transmitted to the production area.

Over the years, Ziluo Home Textile has almost been closely related to the rhythm of Meigang and Western Europe.

Although the total number of Chinese in Western European countries is far less than that in Southeast Asia, the Chinese occupy a very large share of the wholesale market for light industrial products in Western Europe; in the Paris area of France alone, there are as many as 3,000 Chinese businessmen who wholesale trade in light industrial products.

In recent years, Shen Huai and Xiong Wenbin have focused on promoting direct trade with developed regions such as Europe, America, Japan and South Korea in Meixi, Xiapu and other places, and reducing the proportion of Hong Kong's entrepot trade.

At that time, I did not consider the problem of the economic crisis, but thought that the reduction of a re-export process would greatly reduce the cost and greatly improve the efficiency.

There is also the Chinese business federation of Western European countries, the influence of the Sun family and the samurai family is huge, whether it is to promote the mainland enterprises to go out, or to attract Chinese businessmen from Western European countries to invest in the mainland to build factories, it is easy to promote, easy to make achievements.

At present, the economic turmoil in Southeast Asia has intensified, and the scale of its foreign trade with Europe and the United States has shrunk sharply, which has brought more room for growth to the direct trade of mainland foreign trade enterprises to Europe and the United States.

When the economy grows at a high speed, mud and sand fall, and many contradictions and gaps will be covered up. Now that the economic crisis is coming, the financial turmoil is surging, and the impact on the real economy is great, as if the tide is receding, and who wears underwear and who does not wear underwear, you can see the difference.

The European and American economies have been weak since the past 90 years, and the industrial transfer has been slowly moving, but the performance is also quite stable, without major ups and downs.

In addition to the sensitive securities market, the impact of the financial turmoil in Southeast Asia has also caused a lot of oscillations, but the real economy in Europe and the United States has hardly been affected. As a result, enterprises in the mainland that have direct trade with Europe and the United States will also avoid the direct impact of the financial crisis.

Another is that when the real economy is inevitably impacted, the advantages of enterprise management and cost control will become more and more prominent.

On 18 August, the province again organized a seminar on the financial situation in response to the turbulent Southeast Asian financial crisis, and Shen Huai was temporarily invited to the province to attend the meeting.

The seminar at the Provincial Guest House was personally presided over by Governor Zhao Qiuhua, and representatives of the Provincial Government, the Provincial Economic Research Institute, the Provincial Economic Commission, the Provincial Planning Commission, the Provincial Foreign Trade Commission, the Working Committee of State-owned Enterprises, Huaida, the Provincial Economic Academy and other institutions, enterprises and institutions attended the meeting.

Shen Huai also met with Li Gu, Fan Wenzhi, Liang Rongjun, Ye Xuanfeng, Sun Fujing and others at the meeting.

Yu Wei, Xie Haicheng, Zhou Xingwen and others were also invited to attend the seminar as representatives of foreign businessmen - looking at Zhou Xingwen and Xie Haicheng, Shen Huai thought to himself, what kind of foreign businessmen are they?

At this time, the transfer of Xiong Wenbin and Wu Haifeng from Donghua had been decided. Wu Haifeng has already reported to the provincial CPPCC, first assumed the post of secretary general, and then elected to the post of vice chairman early next year, and after Wu Haifeng left, the director of the municipal people's congress was concurrently served by Yu Chengzhen, deputy secretary of the municipal party committee.

At this time, the inspection team of the provincial party committee has also returned to the province, but the conclusion has not yet come out, but everyone is inclined to think that Tian Jiageng, secretary of the provincial party committee, will further beat Meigang when they see Shen Huai silently at the seminar.

Shen Huai was also as low-key as possible during this time, with a posture of holding his tail and being a man, he did not speak or say anything at the seminar, and as soon as the afternoon seminar ended, he picked up the record book and prepared to leave, and he had no intention of participating in the evening reception.

"County Magistrate Shen, County Magistrate Shen ......"

Shen Huai went to the parking lot and planned to leave the Provincial Guest House by car, so he heard Liang Rongjun chasing him from behind.

Shen Huai stopped and asked Liang Rongjun: "What is Mr. Liang calling me for?"

Liang Rongjun came over and said, "Governor Zhao, please come over for a while......"

Shen Huai and Liang Rongjun walked along the boulevard on the west side of the main building of the State Guest House in the direction of Runhua Building, and when they arrived at the Gui Hotel in Runhua Building, they saw Li Gu, Fan Wenzhi and some officials from the provincial government office, accompanying Zhao Qiuhua to sit in it and talk, and Zhou Xingwen and Yu Wei were also present.

Seeing Zhao Qiuhua raise his eyes and look over, Shen Huai smiled in his heart, last time in Huaihai Hotel, in front of Ji Chenghai and Tan Shiwei, he punctured his dream of trying to conspire with the secretary of the provincial party committee, I don't know how he hates himself in his heart, but I don't know what he said about calling him over.

"Governor Zhao, do you have something to do with me?" asked Shen Huai pretending to be stupid.

"The provincial party committee has just proposed that even if the province's economic growth rate slows down this year, it must also be guaranteed 10, the steel industry is the main pillar industry of the province, and Meigang is the leader of the province's steel industry, there are some things I have to ask you about the bottom......" Zhao Qiuhua said with a smile.

"Mr. Fan and the others are here, Mei Gang can't afford to be the leader. Shen Huai said modestly.

Li Gu sat on the side, and when he saw Fan Wenzhi hearing Shen Huai's words, his eyes lowered, and he also smiled in his heart.

Zhao Qiuhua's face was the same, and then said: "It's not the time to be modest, Meigang's development in recent years is also visible to everyone. By the way, Meigang proposed at the beginning of the year to put Xinpu Steel Plant into operation before September, which is less than two weeks away from Meigang's plan, and the province can not know what is happening at Xinpu Steel Mill......"

Now the province's growth rate to ensure 10, not to put forward the slogan, this goal to be decomposed, where the lack of local needs to be made, where can be strengthened, to make greater contributions to economic growth, are the provincial government's next key work and responsibilities, otherwise there is no need to explain to the provincial party committee, is a dereliction of duty.

teamed up with Tian Jiageng in the last few months, and Zhao Qiuhua didn't want to have any tricks for Tian Jiageng to catch.

The economic scale of Huaihai Province at this time is not large, even if the Xinpu Steel Plant is fully put into operation in September, the economic growth rate of the province will be at least more than 1 point up. Therefore, whether Xinpu Steel Plant can be put into operation as scheduled and whether Xinpu Refining & Chemical can be fully constructed as scheduled has a great impact on the goal of maintaining a growth rate of 10 in the province.

Xinpu Steel Mill did not hold any completion ceremonies, and did not report to the city and province on the progress of the project during this period of time - Meigang did not take the initiative to cooperate, and it was difficult for the provincial government to do the goal of 10 decomposition.

Zhao Qiuhua didn't like Shen Huai very much, but the current work had to be done, and he had to come over for questioning, otherwise it would be his inconsistencies.

Hearing Zhao Qiuhua ask, Shen Huai replied with an "oh": "The construction of the Xinpu Steel Plant is still being carried out according to the original plan, but the current steel market trend is not very ideal, whether it will be put into operation in September and October, Meigang is still discussing ......"

Zhao Qiuhua wanted to ask for a definite answer, but Shen Huai didn't think it was necessary for him to tell Zhao Qiuhua a clear answer.

Zhao Qiuhua couldn't say that Shen Huai's attitude was insincere, but Shen Huai's answer was no different from not answering, so he could only signal him to sit down and participate in the small-scale conversation here, so as to slowly take his words.

In front of Zhao Qiuhua, Shen Huai did not get close to Li Gu, although he saw that there was a vacancy next to Li Gu, he turned around and sat down between Yu Wei and Fan Wenzhi, and smiled with Yu Wei: "The construction of the Baohe ship project seems to have slowed down a little recently, Governor Zhao pulled you over, but I also want you to work harder?"

Li Gu listened to the opposite side and laughed secretly in his heart, thinking that Shen Huai looked low-key, but he came over and pricked other people's sore spots with needles - looking at Yu Wei's beautiful face that did not leave traces of time, after hearing Shen Huai's words, the corners of his mouth twitched, thinking that Yu Wei really asked Shen Huai about the sore spots.