Chapter Two Thousand and Forty: Draw the Sword! (Above)
Liu Jun is not idle, and Liu Jincai and Guo Qiliang are not idle.
While convening the National People's Congress, measures to deal with the financial crisis were urgently deployed.
It was already nine o'clock in the evening, and the small conference room next to the prime minister's office was still brightly lit and full of friends. If you count carefully, this office is home to the most elite people in the current economic management team of the Republic.
This meeting was convened by Liu Jincai, and it is not accurate to say that it is a meeting, and the form is more like the private party that Liu Jun and the others had last night, but the venue was changed from the Qiushui Hotel to the conference room of the Prime Minister's Office.
The layout of this conference room is relatively "classical", not the style of conference rooms that can be seen everywhere nowadays, and still retains the style of the fifties and sixties, with no conference tables, just a circle of wooden sofas, and the participants sit in groups.
In the middle position, it must be Liu Jincai.
Jiang Xiangjie, member of the Politburo Standing Committee and vice premier of the State Council, sat on the left side of Liu Jincai, and Guo Qiliang, member of the Politburo and vice premier of the State Council, sat on his right.
In addition to these two, Liu Jun, an alternate member of the Politburo and secretary of the provincial party committee of Province D, sat under Jiang Xiangjie.
Liu Bin, director of the National Development and Reform Commission, Li Shaojie, governor of the central bank, Qi Kai, chairman of the China Banking Regulatory Commission, Zhang Yongzhi, director of the State-owned Assets Supervision and Administration Commission, Yue Shuhong, chairman of the China Securities Regulatory Commission, and other senior officials of the financial management system were all present.
At first glance, this posture is a small high-level financial meeting.
Because of Liu Jun's participation, this meeting has a "private nature". It is estimated that this is also during the two sessions, and Secretary Liu happened to be in Beijing, which is considered to be the right time. At the Politburo meeting, everyone was very clear about the plan made by Liu Jun to deal with the financial crisis, and no one was surprised that Liu Jun appeared at this meeting.
It is very normal for the provincial party secretary of the country's largest economic province to be invited to attend the summit meeting.
Liu Jincai's eyes slowly swept over everyone's faces, and said with a hint of a smile: "I'm sorry everyone, I'm sorry to invite you so late......"
Everyone had smiles on their faces. The symposium was purely a symposium, and the atmosphere was still relaxed. Liu Jincai's rigorous requirements for work are mainly reflected in formal meetings.
"The Ministry of Foreign Affairs has confirmed that US Treasury Secretary Martin is preparing to visit our country in April this year. So please come over and discuss how to deal with this matter. ”
Liu Jincai said quietly.
Everyone's faces became solemn again unconsciously.
The purpose and reason for Martin's visit is very clear to all of you.
After the Politburo meeting at the end of last year made a resolution, China immediately took corresponding measures to gradually withdraw from foreign financial markets and recover funds step by step. It's just that the amount of money we have invested in foreign financial and bond markets over the years is too large, and even though it is a planned sell-off, it has already attracted widespread attention from the United States and European countries.
With such a national or even global top-down move, it is completely impossible to achieve secrecy. European and American countries should have a better understanding of our coping strategies.
That is, the action of our drawing of the sword, they can see!
This has aroused the vigilance of the United States, and it has convened several meetings in succession to discuss countermeasures. Martin's trip is related to this matter.
Guo Qiliang said indifferently: "I think they are in a hurry and want to make a promise to us." ”
Guo Qiliang said this very bluntly, but it was to the point.
Liu Jun smiled slightly and said, "That's right." Looking at the way the U.S. government has responded to the economic crisis, it has been a disaster shift. This trick they used many times, and it worked every time. This time, it may be a smell of danger. ”
Since it is a symposium, the rules are not so strict, and it is not necessary to follow the order of speaking.
Liu Jincai frowned slightly and said, "It works every time, but it may not work this time." ”
The prime minister's words immediately lifted the spirits of everyone present. There is no doubt that Liu Jincai has made up his mind to seek the greatest national interests in this impending crisis.
"Comrade Xiang Jie, what do you think?"
Liu Jincai turned to Jiang Xiangjie.
Jiang Xiangjie nodded and said: "During this time, I have communicated with Comrade Qiliang and other comrades, prepared a preliminary plan, informed the comrades, and asked the prime minister for instructions!" ”
Liu Jincai bowed his head slightly and said, "Please speak to Comrade Jie." ”
Jiang Xiangjie didn't take the information, straightened up slightly, and said: "The first step is what we are already doing, divestment!" We will gradually cash out our investments in overseas financial markets and bond markets and withdraw them to China. We currently invest about ...... total in financial markets and bond markets around the world."
Jiang Xiangjie said a statistic, which is very huge, accounting for almost half of our total foreign exchange reserves.
The United States has issued trillions of dollars in Treasury bonds and other securities, 80 percent of which are purchased by the American people and 20 percent are in the hands of other countries. Among them, China is one of the major bond buyers. In addition, Russia and Japan also bought more bonds.
Mr. Jiang's plan is to sell about one-third of his bonds in the next six months. The bonds retained are mainly U.S. Treasury bonds and derivative bonds issued by two-house companies. The two-house company is a sponsor of the U.S. government, and in a sense, the U.S. government provides indirect guarantee for the derivative bonds issued by the two-house company.
Hearing this, Liu Jun frowned slightly.
The second step of Jiang Xiangjie's plan is to immediately establish a financial firewall. In the next six months, the central bank and the China Banking Regulatory Commission will send inspection teams to all large financial institutions to conduct all-round monitoring. All countries must have a supervision team stationed in the provincial branch of a commercial bank or above. The SASAC will also implement such a plan and send inspection teams to key state-owned enterprises. Ensure that these financial institutions and backbone central enterprises implement the deployment of the State Council and gradually withdraw funds.
It should be said that this step is very practical and necessary.
Due to various reasons, the phenomenon of the loss of state-owned assets in recent years has been quite serious, and some people, especially those with real power in financial institutions and state-owned enterprises, have "transported" state-owned assets abroad through various financial channels in the name of investment for the sake of their own selfish desires, and then appropriated these assets as their own through certain financial operation methods.
If the plan of this inspection team can be effectively implemented, there is no doubt that these black hands will be cut off and the safety of the financial system will be ensured.
The implementation of these two steps is to recover our funds in the field of foreign virtual asset investment. But with such a huge amount of money, it is impossible to hold it in your hands without working.
Therefore, the third step of Jiang Xiangjie's plan is to shift from investing in virtual assets to investing in physical assets.
In view of the fact that China's export-oriented economy has been formed, even if the products are transformed to domestic demand, the external dependence on resources and energy is difficult to change in the short term. The supply of resources and energy is the fundamental guarantee for a country's economic security in the future.
Jiang Xiangjie's eyes first set on Central Asia. Central Asia is a resource and energy powerhouse. From the perspective of the general international situation, because of the Iraq war, the United States is now deeply trapped in the Middle East and is unable to extricate itself, and Europe is beyond the reach of the whip, and Russia is also deeply afraid of this because of its own problems and the national problems in Central Asia, and this has led to the phenomenon of hollowing out forces in Central Asia.
Jiang Xiangjie believes that China's next step should be to focus on the Central Asian region. If it can be successfully penetrated, the benefits are obvious. It will not only be able to obtain energy supplies from Central Asia, but also break the strategic blockade imposed by Western countries on us.
In addition to the Central Asian region, Jiang Xiangjie believes that the new trend of recycling funds can also focus on potential foreign enterprises. Of course, this is difficult to implement. European and American countries are very vigilant about this, especially financial institutions and strategic industries, which have very strict restrictions on the entry of foreign capital.
However, the difficulty does not mean that it is completely impossible, and there are always opportunities.
The fourth point of Jiang Xiangjie's speech is similar to the support for export-oriented enterprises that Liu Jun talked about with Gong Zhaoli yesterday.
At this stage, these export-oriented foreign trade enterprises are still very important to us, and it is necessary to do our best to support these enterprises and help them tide over difficulties, whether from the perspective of solving the employment problem or from the perspective of social stability.
Jiang Xiangjie's plan is also to select some enterprises with good potential and consistently excellent performance, directly use foreign exchange subsidies to purchase products, resell them to the domestic market, and drive the growth of domestic demand.
To achieve this, Jiang Xiangjie pointed out that it is necessary to further curb the abnormal development of the real estate market and the stock market. Avoiding the flow of large amounts of money to these two markets will minimize the losses of the domestic population in the event of a crisis.
At the same time, the weakening of speculation in the real estate market and the stock market can also promote the diversion of funds to support the real industry.
These measures were necessary, and the participants listened attentively. But next, Jiang Xiangjie proposed a step, which still surprised everyone.
Jiang Xiangjie proposed that the foreign trade system should be changed and the price limit should be set. It is necessary to set a lower and upper price limit for bulk foreign trade products, strategic resource products, and products that affect the country's economic security. It is strictly forbidden to collude with internal and external parties to lower export prices and raise import prices in disguise. In particular, disguised price plundering in financial transactions must be dealt with strictly.
This is very reasonable, and to everyone's surprise, Jiang Xiangjie proposed to gradually use China's currency for settlement in some foreign trade fields, instead of using US dollars for settlement.
In fact, one of the keys to the US global hegemony in the economic field is the hegemony of the dollar. The mandatory use of US dollars for settlement has put the national currency in a completely passive and weak position.
It would be a major shift if some areas, such as exports, could be settled in national currencies. However, this will lead to a decline in foreign exchange reserves, which is a concern for many people.
Jiang Xiangjie is really bold in proposing this step now.