Chapter Two Thousand and Sixty-One: The Situation Is Grim

Chapter 2061 The situation is grim In the spacious and bright conference room, the Politburo meeting is being held.

Relatively speaking, the atmosphere of the meeting was not very serious. Who in this room is not a long-standing genius? Although the financial crisis in the United States is intensifying, and the pressure from the diplomatic side is increasing, it may not really make these people nervous.

Because the main topic of today's Politburo meeting is to deal with the financial crisis in the United States, Liu Jincai will report to the Politburo first.

Basically, the Politburo members are relatively clear about the response actions taken by the State Council, and there are regular briefings. However, some of the latest actions and specific operation methods still need to be explained by the prime minister himself.

Liu Jincai put on his glasses, opened the information, and began to report.

Since the beginning of last year, because we foresaw the possible outbreak of the financial crisis in the United States, we have taken action. At present, the negative impact of the financial crisis in the United States is relatively small, and the withdrawal of funds is relatively smooth. More than 80 percent of the foreign exchange reserves are in their own hands, which is very safe. The vast majority of overseas virtual assets held are mainly U.S. Treasury bonds, and most of other derivative financial bonds were sold off before the outbreak of the financial crisis, with little loss.

According to the established plan, we will withdraw from the foreign virtual asset market on the one hand, and on the other hand, we will start to shift the direction of investment to other real areas. Central Asia is the focus of our business. Over the past year, we have frequently conducted bilateral communication with several influential countries in Central Asia, and gratifying progress has been made in the negotiations. As for a certain Central Asian country, with which we have always had close relations, progress has been more rapid, and substantive cooperation has already begun. China plans to invest more than $30 billion in the next five years to help the country improve its backward exploration and refining industries, and at the same time help the country establish a sound market economic system. In return, the country's largest state-owned oil company conducts joint development and operation with a petrochemical giant in China, and we send senior management personnel to help the oil company manage it, holding a large proportion of the shares.

Another destination is Africa. Since the early days of the founding of the People's Republic of China, China has attached great importance to the development of diplomatic relations with African countries and has a large number of friendly countries. In recent years, due to changes in the domestic political situation and changes in the general international trend, the diplomatic relations between these traditionally friendly African countries and China are also constantly changing, but generally speaking, the number of friendly countries is still very large. For a period of time, our relations with these friendly countries have been in a state of steady development, and although economic aid and construction are in continuous progress, the intensity is not too great, and the degree of depth is not enough, that is to say, it has not yet risen to the level of strategic cooperation.

This is related to our previous economic grand strategy, and it can even be said that there are certain misunderstandings. For quite a long time, we have misunderstood the true connotation of global integration, believing that global integration means closely following the footsteps of the developed countries in Europe and the United States, not only learning from their experience in economic construction, but also trying to link our economic circles more closely with their economic circles, believing that only in this way can we catch up with the pace of the developed countries. As a result, a large amount of capital, manpower and material resources will be invested in the markets of Western countries.

Now it seems that this was not the right choice. Because of the difference in ideology, as well as the difference in the degree of marketization, in that circle, we are always in a subordinate position and do not have much autonomy.

There are also political considerations.

Africa, for historical reasons, was once divided into colonies by many imperialists. To this day, the influence of the so-called lord states is far from being eliminated. The Republic's involvement in Africa is too deep, and I am afraid that it will cause the sensitivity of Western countries.

Now it is natural to take advantage of this opportunity to go one step further.

With this good foundation, cooperation with African countries should be more convenient than cooperation with Central Asian countries. But the opposite is true. The influence of the major powers in the African region is too deep, and it is not easy to go deeper. On the other hand, the countries of Central Asia have been under the jurisdiction of the former Soviet Union, and the tentacles of Western countries have not been able to reach at all. After the collapse of the Soviet Union, Russia's influence in these countries remained unparalleled, far from being comparable to that of Western countries. It can be said that in Central Asia, the republic is on the same starting line as the Western countries. In recent years, the diplomatic relations between the Republic and Russia have developed relatively rapidly, and there are relatively consistent demands. Russia is relatively less sensitive to the infiltration of republican forces into these countries. Even because of the need for strategic cooperation, Russia will mediate and play the role of a bridge.

Therefore, Liu Jincai's report listed the Central Asian region before the African region.

The third aspect of the Prime Minister's report is the development of the Southeast Asian market. The financial crisis that broke out in the United States has caused the most serious damage to China's foreign trade and export industries and foreign-related service industries. Since the outbreak of the financial crisis, in just a few months, it has caused a considerable number of foreign trade export-oriented center enterprises to have operational difficulties, some enterprises have stopped production, and a small number of enterprises have directly gone bankrupt and closed down. The performance of the foreign-related service industry has also declined significantly, and many companies have been suspended. In some coastal provinces, there is a large-scale return of migrant workers.

Liu Jincai specifically pointed out that in this regard, the practice of Province D is worth learning from.

Province D has set up R&D support funds in several major cities with a large number of foreign trade export enterprises to provide practical support for transformation in terms of policy and economy. At the same time, the shareholding system of enterprises will be reformed, and overseas funds will be fully attracted and private funds in province D will be mobilized to inject new vitality into enterprises. Moreover, a number of backbone enterprises have been given financial support, using financial means to subsidize enterprises, increase orders, and turn some products from export to domestic sales to stimulate domestic demand. Therefore, as the province with the largest concentration of migrant workers, there has been no large-scale return of migrant workers in Province D.

In terms of securing employment and supporting sustainable urban development, the exploration of Province D is very useful.

For Liu Jincai's special praise of Province D, no one thinks that he is a "fake public and private". At such a level of meeting, there has always been one saying and two talking about things. It's not that there are no games above this kind of meeting, but it's by no means so superficial. Liu Jincai paid great attention to the wording, repeatedly mentioning the names of the provincial government of Province D and Wei Ningsheng, pointing out that these works were led by Wei Ningsheng.

As for Comrade Liu Jun, I will pass it off.

In order to support the rapid transformation of foreign trade export-oriented enterprises, the country is leading the development of the Southeast Asian market. As things stand, progress is good, but it's not very optimistic. The Southeast Asian market is relatively small and has limited digestion capacity. Among them, the countries with the strongest economic strength, and also the most successful and in-depth marketization, have been strongly impacted by the financial crisis, and their domestic markets are shrinking, which has increased the difficulty of development.

All in all, because the financial crisis mainly broke out in the virtual asset market, the global financial industry and the financial derivatives industry were the most impacted. Therefore, the State Council's response is to withdraw the main capital from the financial market and its derivative industries, and shift it to the resource, energy, traditional heavy industry, light industry and other markets.

Liu Jincai emphasized that the state has increased its support for technological innovation in enterprises, especially in traditional industries. It is planned to gradually increase investment in this area in the next few years, so as to take advantage of this opportunity to greatly enhance the technical strength of China's traditional industrial fields and enhance the competitiveness of core science and technology.

At the same time, the state will also invest more funds in the field of health care reform and education reform.

Subsequently, Yoo Jincai reported on some developments in the US Congress, including the sanctions proposal being worked on by several lawmakers and the US military budget.

In early April, the G20 Finance Summit will be held in London, the capital of the United Kingdom. General Secretary Li Zhiguo and newly elected US President Jack will both attend the summit. The U.S. Department of State has contacted the Ministry of Foreign Affairs to arrange a meeting between the two heads of state on the sidelines of the summit.

This will be the first official meeting between the two heads of state since Jack was elected president.

There is no doubt that Jack will raise the topic of cooperation between the two countries to jointly resist the financial crisis and promote the rapid recovery of the world economy at this meeting. In a sense, this will also be a condition that the United States will put forward to our country.

The United States has always pursued a policy of "Europe first, then Asia."

After Jack came to power, the United States returned to Asia in a high-profile manner, frequently holding joint military exercises with Japan, South Korea and other allies, and the regions of military exercises were very close