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Fan Wuxian is living like a fish in water in Donghai Province. Some people can feel the huge threat posed by Fan's Investment Group.

After a period of high-profile construction of Hengshan Port, the leaders of Shanghai finally couldn't sit still, and took the opportunity of holding a high-level tourism program and seminar in Shanghai to specially ask Tong Yushan to come forward and invite Fan Wuxian to Shanghai for a visit.

Originally, Fan Wuxian was very comfortable here, and he might not have the interest to go to Shanghai to participate in the event, but now Tong Yushan is the Propaganda Minister of the Standing Committee of the Shanghai Municipal Party Committee, and he happens to be in charge of this work, so Fan Wuxian has to think about it, after all, he is his de facto father-in-law, and he invited himself to participate in the event for the first time, if he doesn't go, it will be too faceless.

And after that, Tong Xiaoyun also called and mentioned this matter, obviously hoping that Fan Wuxian would go over.

In order to compete for the right to host the conference and strive for a little benefit for the subordinates, the competition is still relatively fierce, and once there is an experience of undertaking such large-scale business talks. It's much easier to compete for the right to host such events.

After Fan Wuxian passed this time, he was entertained by Tong Yushan, and took several important executives to sit down with several main leaders in Shanghai, talked about the development of Fan's Investment Group in Shanghai, and also analyzed some major construction projects in Shanghai to determine whether there is room for cooperation between the two sides.

Since Hong Kong's status as an international trade port has been declining, and the upsurge of developing Pudong has been set off in China, Shanghai's status as an international financial center has been continuously strengthened, and even in a sense, its importance has surpassed that of several other old international financial centers, and has become an important base for the world's financial capital to rush to land.

It is precisely because the situation here is too chaotic that Fan Wuxi feels that it is a little difficult to deal with, once something happens, it is not easy for him to figure out who is behind the agitation, which is a very unfavorable condition.

As the saying goes, people are afraid of being famous, pigs are afraid of being strong, the scale of Fan's Investment Group is too big, the goal is too big, and the possibility of being plotted is also very large.

With Tong Yushan as his company, and the leaders of Shanghai have many interests for Fan's. Therefore, everyone talked relatively harmoniously.

As far as the content of the conversation is concerned, Fan Wuxian felt that the Shanghai Municipal Government still has a lot of complaints about the current central financial policy, especially the reform of the tax-sharing system, which has made the local governments feel that the financial pressure is not increasing in a short time.

As far as China's current debt problem is concerned, after the reform of the tax-sharing system, the central government has absolutely no problem with its finances, but the local debt problem has begun to show some signs gradually.

What is the total amount of local debt? Due to the opaque disclosure system, it is difficult to obtain very accurate data, but according to the calculations of Fan Wuxi's subordinates, it should not be a small number, and at least it is advancing towards the goal of trillions of dollars.

The reason why local government bonds have grown so fast in a short period of time is mainly determined by two factors: First, after the central government liberalized the real estate market, local governments began to form the habit of selling land to make money, and with land, they could obtain a large amount of money from banks and also obtain huge fiscal revenues. In other words, the land finance gives local governments the confidence to issue bonds, and banks and developers are not afraid of local governments defaulting on their debts.

The second is that after the reform of the tax-sharing system, the financial resources of the central government have been strengthened. But it has weakened the financial strength of local governments.

For example, the central government has to take seventy and a half percent of the value-added tax, and only two and a half percent is reserved for the local government, and the local government has to bear the heavy responsibility of economic development, coupled with the local officials' pursuit of short-term GDP growth as the basis for political performance, coupled with the official post mobility system, the money borrowed now will be repaid by the next government, so it is not uncommon for local governments to borrow money to get by.

As a result, local government debt is getting bigger and bigger, and it is rolling over more and more. In particular, the township and county-level governments have very low fiscal revenues, and in addition the demand for expenditures is very strong, the risks at these two levels of government are the greatest; the higher levels are like pumping machines, and the financial resources of the grass-roots governments are more abundant than the others, but the financial resources of the grass-roots governments have been seriously weakened, and this is the most serious constraint on the development of the entire locality.

Even though the local financial resources are relatively weak, there are still many cases of corruption that have benefited from corruption that cannot contain the fire on paper and frequently surface, and the underground undercurrents are flowing more and more, while the finances of the above-ground rivers are becoming more and more thin and long-term, and the risks are getting bigger and bigger, and they can even completely block economic development.

Once the investment income of the investment and financing platform cannot cover the cost of the local government, these implicit debts will inevitably become explicit, causing huge pressure on the local finance, and even have to be paid by the central government and commercial banks in the end.

And, if austerity is chosen. Local government risks are likely to explode soon.

In view of this, the State Council has issued a notice on strengthening the management of local government financing platform companies, but this kind of rectification obviously cannot really solve the problem of local debt, because the local government must develop the economy, and the distortion of the distribution of central and local fiscal revenues makes these problems not able to be effectively solved, but can only treat the symptoms but not the root cause.

However, it is also impossible to prohibit local governments from borrowing for development, because under the condition of quantifying the achievements of domestic officials, local governments must develop, and local officials can at least keep their black hats, and it is inevitable that local officials from all walks of life will borrow money to develop.

The deeper problem is that people everywhere certainly want their local economies to get better, especially in the context of urbanization, where large public spending is necessary.

However, Fan Wuzhi feels that local debt is not a devil, and when necessary, borrowing for development is not a bad thing. However, there is a limit here, that is, it should not be excessive, which will lead to a crisis in local finances and the crowding out of the private sphere by public power, resulting in waste and monopoly.

At present, the most important thing is that the central government must give more financial power to the local governments. This is because the real bearer of economic development, no matter what he says, still says that it must be implemented at the head of the grassroots government.

Constrained local finances can only lead to their over-reliance on land finance and borrowing to get by, and the result of borrowing to get by, is to start pumping machines to pump water from private enterprises on a large scale.

Even so, many grassroots governments do not have the right to sell land at all, and they are very restricted by various noble names, which in fact are restricting local development, and it is also providing an institutional platform for local illegal enrichment.

If this situation cannot be changed, the weakening of local strength is actually weakening local economic development, and the result will inevitably affect the development of the overall economy.

The situation in Shanghai is obviously relatively better, and for no other reason than the country's major move to develop Pudong. and the tendencies and supportive policies of the Shanghai Gang, which currently occupies a dominant position.

Fan Wuzhi will be located in Shanghai, itself also has a tendency attitude, in order to show their strong support for the development of Shanghai's economy, especially the development of Pudong New Area, now the Shanghai Municipal Government has actually encountered a lot of problems in the development, the most important point is that although the current real estate market has been liberalized, but the government's stimulus effect is not very obvious, in the whole of Shanghai is engaged in large-scale construction, if there is no sufficient funds to support the construction, it is obviously not feasible.

Therefore, there is a very important problem now, when Fan Wuzhi in Hengshan Port after the construction of a large number of buildings, Shanghai felt a huge pressure, it can be expected that in a few years, Hengshan Port and Jiangshan Port will become the largest hub port in China, originally in Shanghai Port to handle some of the business, will also be moved to Donghai Province because of the geographical convenience.

"Shanghai's development is inseparable from the port business." The mayor gestured to Fan Wuzhi and said, "Nowadays, the natural conditions in Shanghai restrict our pace of progress, and this problem must be solved. ”

The estuaries of the great rivers are easy to make splendid articles, and the boats often bring prosperity. Over the past 100 years, Shanghai has done a lot in the Huangpu River.

Since the late 19th century, Shanghai has relied on the Huangpu River and the convenience of reaching the sea, and the shipping routes have radiated to the Yangtze River, coastal areas and even Southeast Asia, and by the thirties of the 20th century, the annual cargo volume of Shanghai Port has reached 14 million tons, which is the seventh in the world at that time, and the largest in Asia. The city of Shanghai, with its well-developed shipping industry, became a very well-known economic, trade and financial center in the Far East at that time.

Because the biggest feature of Shanghai is that it is located in the north and south of China, the confluence of rivers and seas, the north and south is the coastline of China, Shanghai is basically in the middle to the north and south can echo, its traffic is also the most convenient to the outside world, and the confluence of the river and the sea, is the Yangtze River, is the longest river in China and is the most developed area of the river basin, this river and the sea meet in Shanghai Wusongkou, so Shanghai is in such a favorable position.

Therefore, Shanghai has been able to develop to this day, in fact, it is a Hong Kong-based city. Therefore, Shanghai cannot be called Shanghai when it leaves the port.

After the reform and opening up, the Huangpu River article made the development of Shanghai dizzying, after decades of development, the port of Shanghai has become the largest port in China, one of the world's famous ports. However, the estuary is easy to make a fuss, and the limit is also in the estuary, and the water depth of about seven meters in the Huangpu River is always an insurmountable hurdle.

Since the nineties, container transportation has become the mainstream of the development of the international shipping industry, and ocean shipping ships are becoming larger and larger, and the mainstream models are already ultra-large container ships with a draft of 15 meters. In order to adapt to this change, Shanghai has accelerated the construction of a dedicated container terminal, but the newly built Waigaoqiao terminal still restricts the development of the port due to the limitation of the water depth of the Yangtze River channel.

"We also need to have our own deep-water port terminal in Shanghai!" The mayor said very resolutely to Fan Wuxian.

Fan Wuxian was confused when he heard it, and couldn't help but interrupt him and asked, "This, please forgive me, the deep-water port wharf is not spoken, nor dug up, the convenience of the location must always be considered, otherwise how can this goal be achieved?" ”

The mayor nodded and replied, "Yes, but we've found a solution to the problem!" ”

"Oh, so please tell me about it?" Fan Wuxian is also more interested in this, after all, the relationship between Shanghai Port and Hengshan Port should belong to one and the other, and he also wants to know how Shanghai can solve this big problem of insufficient water depth.

After listening to the mayor's introduction, Fan Wuxian couldn't help but have some insights, and said in his heart that once this person became serious, there was really no problem that could become a real problem.

The core issue of the construction of Shanghai International Shipping Center is the construction of a container deep-water hub port with a water depth of more than 15 meters, and since five years ago, the Shanghai Municipal Party Committee and Municipal Government have listed the site selection of the deep-water port as the first of the ten research topics, and put forward three plans for going north, eastward and southward at that time.

Going north is the area of Baosteel, in the Yangtze River to the Luojing area, called the plan to go north, the second plan is called the plan to go east, the plan to go east is the plan of Waigaoqiao, the plan to go east to Waigaoqiao, the third plan is to go south, the plan to go south is to Hangzhou Bay, at that time put forward three plans, after the three plans have been demonstrated, they all feel that they do not have a 15-meter water depth of the channel and wharf.

Since none of these three methods meet the requirements, there is only one idea, which is to jump out of the Yangtze River estuary and go to the open sea to find a new port site in Shanghai's deep-water port.

After conducting research and surveying in Hangzhou Bay, the mouth of the Yangtze River, everyone decided to build a deep-water port on Yangshan Island, which is about 30 kilometers away from Luchao Port in Nanhui, Shanghai, to jump out of the Huangpu River and the Yangtze River estuary, go to the ocean, and develop a new model to offshore islands by leaps and bounds.

However, in order to build a deep-water port on the vast sea, there is no precedent, and the engineering difficulty, technical difficulty, and construction experience are all problems that decision-makers must face.

"According to the preliminary demonstration plan, we must start the construction of a Donghai Bridge as a connection between the port area and the mainland at the same time as the construction of the port, which will be the first real sea-crossing bridge in China and the longest sea-crossing bridge in the world." The mayor said to Fan Wuxian, "The planned Donghai Bridge has a total length of 32.5 kilometers and a standard bridge deck width of 31.5 meters. ”

After Fan Wuxian listened, he didn't speak for a long time.

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