"Sisi, look at this?" Hu Shao, who came in, just sat down and asked two middle-aged men in uniform to put stacks of materials on the coffee table in front of Liu.

Glancing at the space in the room, there were no other places to sit down and the six people who came in, Liu Si instructed Lin Yushan, "Mr. Lin, you go to the hotel, move a few chairs, and let a few uncles sit." ”

"Don't be so troublesome, Sisi, you read these materials first, you're in a hurry!" After Hu Shao beckoned a few second-generation friends around him to sit down, he stopped Liu Si's trouble.

Lin Yushan had already gone out to find the hotel, Liu Si did not call Lin Yushan back, and glanced at the information on the coffee table, "Do I think these materials are appropriate?" ”

"Suitable? Sisi, your assets in China today are not 10 billion, but billions are there. At present, the CEOs of domestic enterprises worth hundreds of millions of dollars can get these materials, and you are naturally qualified. ”

"So much information? I'm going to see it, I'm afraid it will take a few days. "Liu Si is not very interested in those things, there is no way, that matter is a matter of sticking to the trouble. If this thing is done well, it should be done, and if it is not done well, it will be blamed. The most important thing is that there is absolutely no perfect solution to this problem.

"It's okay, you take your time, we can afford to wait." Hu Shao and others are also familiar with those materials, you must know that his current position is the director of the Modu Economic and Trade Research Institute, although these materials can not be memorized, but some data, the problems are also very well understood, and they know well.

To mix in the country, these things have to be completely put aside. After glancing at some of the titles of this stack of materials, he finally selected a book of investigation materials from the ****** Burden Reduction Office, and Liu Si picked it up and slowly opened it and read it.

Provincial-level and local burden-reduction offices are designed to reduce the burden on enterprises on public enterprises and private enterprises directly under the central government of the provinces and localities, while most of the ****** burden-reduction offices are for state-owned enterprises.

This book is very thick, about nearly 1,000 pages of report, which is classified by various industries, and then introduces the difficulties and industry indicators of state-owned enterprises in various industries, and then talks about a few more representative enterprises. Liu Si saw that several industries such as textiles, steel, coal, nonferrous metals, and petrochemicals occupied a relatively large share.

In the 90s, the status of the textile industry was no less than that of steel and coal. As of the 90s, China is the largest textile producer, accounting for 1/5 of the world's output value.

Next, for example, the research report of the Ministry of Economic and Trade and the Economic Bureau of the Bureau of Statistics, the Economic Report of the Chinese Academy of Social Sciences and a series of reports on China's economic issues, Liu Sidu took a general look at them one by one. To be honest, Liu Si actually knows a lot about the domestic economic problems in the 90s, but the information obtained from the above information makes Liu Si feel more malicious, and he has the idea of transferring assets abroad.

The economic data of the National Bureau of Statistics can give a concrete picture of the current economic situation in the country. In the third quarter of 1997, China's economy fell to less than 6 percent, two points less than the official GDP figures. GDP growth for 1997 as a whole was estimated at 5.8 percent, significantly lower than the previous year's 7.7 percent, and most notably, inflation plummeted from 8.3 percent to 0.8 percent. Less than a year after the "soft landing", China's economy has just emerged from double-digit high inflation, and it is about to turn into a stable track, but it also faces the risk of deflationary "derailment".

"There are several aspects of China's economic problems: First, since Chairman Deng's southern tour in 92, the country has set off a round of accelerated investment upsurge. Under the high-speed credit supply, the growth rate of asset investment remained high, and a large number of inefficient production capacity was accumulated in the 92-96 years; Institutional obstacles have led to slow capacity and deleveraging, mismatch between financing structure and performance structure, serious misallocation of resources, and continuous flow of credit resources to loss-making state-owned sectors. This is a problem that must be faced, and the economy has entered a sharp decline immediately after changing from a high heat to a stable one. ”

"Second, from the perspective of external factors, the financial crisis in Southeast Asia has had a great impact, foreign trade has changed from high growth to negative growth, and capital outflow, which is now very serious."

"Third, foreign trade is weak, and the start of domestic demand is also untimely. While policymakers have been pushing for monetization of housing, marketization of social security, and compensation for education over the years, entrepreneurs and shopping malls have been busy with price wars, hoping to get even a little real money out of consumers. However, for our citizens, whose current per capita income is just over $700, even by World Bank standards, it is only at the bottom of the lower-middle-income level. Moreover, China's urbanization rate only reached 30 percent at that time, the rural income and consumption level were only equivalent to one-third of the urban areas, and the residents' savings rate fluctuated around 30 percent for several consecutive years, and showed a decreasing trend year by year. When the policy of encouraging consumption and stimulating domestic demand fell to the people, it seemed that they had the heart but were powerless. ”

The first question, what Liu Si said is only superficial. There are more deep-seated reasons, the investment boom of 92-96 is very lively, but in fact, all new investment is mainly state-owned enterprises, and at the same time, the equipment and facilities put into operation are only purchased in China, and its technology is more than one grade behind the world. There is also the problem of the system of state-owned enterprises, there are too many idle personnel, and the institutions are too redundant. In terms of 97 years, China's most representative textile industry, if compared with international advanced textile enterprises. With advanced equipment and facilities, its labor productivity is more than 150,000 per person, while the labor productivity of domestic textile enterprises is only 17,500 per person. If we look at the staffing of textile enterprises that use automated advanced production equipment in the world, the idle rate of domestic textile enterprises is as high as more than 85%.

The second question is that because China did not join the WTO at all in 97 years, its exports are basically exported to Japan, South Korea, Xinjiapo, Hong Kong, and even to do some OEM work for Japan, South Korea and other enterprises that have joined the WTO. With the outbreak of the Asian financial crisis, South Korean and Japanese companies withdrew their capital and orders, and domestic exports could not be done at all. Moreover, in 97 years, there were many restrictions on private exports, and foreign trade was like the Ming and Qing dynasties, which was undoubtedly banned by the sea for private enterprises. This is also why the motherland was so keen to join the foreign trade organization later. Many people say that the country will do OEM, and most of it has been earned by European and American enterprises, but as everyone knows, there was no exchange rate reform in 98 years, and before joining the WTO in 2001, the country could not even earn this hard OEM fee.

The third question, domestic demand, how much spending power can you ask Chinese citizens with an annual income of less than $700 to have? Before the housing reform in 98 years, there was no way to talk about real estate consumption. Why? If you sell for 1,000 yuan / square meter, a 100-square-meter house will cost 100,000 yuan, and in fact, the cost of repairing the house at that time is not much less than the unit price of 1,000 yuan, so the house price in Shanghai, Beijing and other first-tier cities where land is more expensive is generally about 3,000 yuan per square meter. But in 97 years, the people of Shanghai couldn't afford a 100-square-meter house worth 300,000 yuan. Because before 98 years, housing loans could be fully opened, and only ICBC opened housing loans, and it was only open to public officials. Before 98 years, it was strange that real estate could develop!

"Sisi, do you have a solution?" Why did Hu Shao come to trouble Liu Si, that is, through the investigation of the national intelligence department, it was found that the Liu family made a lot of money in the Asian economic crisis, and I don't know how much, but it can be seen from this that the Liu family must be very interested in the study of a country and the world economy, otherwise, the Liu family would not have been able to make a fortune in this economic crisis.

"There are so many economists in the national think tank, how can I find a solution?" For the future of China's foreign trade, real estate economy, and government investment troika, Liu Si can be said to know the roots. The solution was ready-made, but it turned out that this troika could boost China's economic development, but 20 years later, it caused a lot of criticism, and even developed into a stubborn economic problem in China. Does Liu Si dare to carry this pot?

Moreover, foreign trade has not yet joined the WTO, and this article is meaningless.

Government investment is even more problematic, the exchange rate reform in 94 and the one-time depreciation of the RMB (the one-time depreciation of the RMB in 94 exceeded 50%) prompted China's monetary policy to tighten in 94-97. For three consecutive years, the currency has been tightened, where does the central government get the money!

As for real estate, Liu Si himself invests in real estate, so he needs to not open his mouth to avoid suspicion.

"Don't you know, those guys from the Academy of Social Sciences haven't come up with a plan since they quarreled last year!" Speaking of this, I am depressed, the domestic economy continues to deteriorate this year, but the economists of the Chinese Academy of Social Sciences have not yet come up with a solution, and some military representatives have directly proposed at some work meetings to get rid of this group of economists who are in a dead position.

Speaking of the current school of domestic economists, they are mainly divided into three factions: Wu Jinglian particularly emphasizes the role of the market, and his nickname is "Wu Market", Li Yining is called "Li Shares", and Cao Siyuan is called "Cao Bankrupt".

"The problem has been figured out, and the solution is not something that I, an ordinary person, can come up with." Liu Si explained with a smile, "Now let's talk about Times Real Estate!" Today, I once again injected 5 billion yuan into Times Real Estate, and the development of Times Real Estate can be accelerated. ”

At this time, a middle-aged man who had just been wearing a uniform spoke, "Liu Shao's Times Real Estate heard that he wants those lands, as long as Liu Shao proposes solutions to the current economic problems encountered by the country, as long as Times Real Estate wants it, the country will make concessions." ”

Liu Si glanced at Hu Shao, who was sitting beside him, and saw that he nodded, Liu Si had to pay attention, "Reform!" Reform if there is a problem! The current problems in the domestic economy mean that the domestic economy needs to be reformed. The first point is the reform of state-owned enterprises, and I suggest that state-owned enterprises should fully withdraw from competitive industries. For example, textile, building materials and other industries ......"