Such a major plan is not something that can be decided by patting his brain, Yang Chao just put forward an idea, and the specific implementation and details of it should be considered by professionals like Zhang Jiaao. Pen & Fun & Pavilion www.biquge.info

First of all, the first step requires the people to have confidence in these projects, so they have not yet decided on the method of issuing bonds, so they have begun to advertise in the newspapers repeatedly, telling everyone about the prospects of these projects, telling everyone how low the cost of hydropower is, and how much profit prospects, in short, buy hydropower bonds, just wait to make a fortune.

It is true that many people are interested, but more often than not, those who have the capital in their hands, the bankers, they start asking when it will be issued, how much it will be issued, and so on.

This makes Zhang Jiaao even more worried that if the money is absorbed, it is equivalent to restricting private investment, and the people's money will be used for consumption, which will backfire, and inflation is likely to be greater.

How to get the people to buy these bonds, and at the same time prevent the bonds from flowing into the hands of the capitalists, is a technical task.

In the end, Zhang Jiaao considered taking special measures, that is, the hair style does not transfer shares, and the transfer of shares is not allowed within five years after the completion of the power station. Moreover, purchase restrictions were adopted, and each household could only purchase a maximum of 300 taels of shares, and they were issued with registered equity certificates, which were prohibited from transferring.

The Chinese population is 600 million, at least 100 million households, so that at least 30 billion taels of funds can be collected, and it will take at least 5 years for the power station to be built, and it will be allowed to sell after 5 years of operation, then it is equivalent to absorbing a 10-year fixed deposit, and after ten years, the economy will recover.

This plan is very good, Shanghai is the first to sell, soon there is a long queue in front of the major underwriting banks, this is not the effect of advertising, but the effect of purchase restrictions, the psychological habits of the Chinese are very strange, like to grab things, the more restricted, the more they want to buy, as if they do not buy a big loss, the people in line caused more people to line up, they took the household registration sticker, went to the bank counter to pay the money, and then got a stock certificate, and stamped their household registration with the words "purchased water and electricity bonds", restricting them from buying again.

Starting from Shanghai, one city after another has caused panic buying.

Then, through the peasant association system, it was sold in the countryside, because there was no rush purchase effect, and the sales in the countryside were not satisfactory.

In the end, 18 billion yuan was sold in the city, and only 5 billion yuan was sold in the rural areas with more population, which was very different from the initial estimate, among which the best subscription was Sichuan people, because hydropower was built at their doorstep, they could see and touch, and there was a mentality of supporting construction, just like when the Sichuan-Han railway was built, Sichuan raised enthusiasm for one or two or two.

By selling profitable projects such as hydropower and canals to the whole people, a large amount of funds have been collected, inflation is basically no longer to worry about, as for the problem of fiscal deficit, then there is no need to worry, the government is using the deficit to invest, not to use the deficit to consume, investment is really created, the money is spent, but the things are there, the debt repayment is very simple, it is enough to sell these assets, and even the asset appreciation is far higher than the investment, after all, the projects that the government can do are all projects with monopoly colors, It is a good store of value in itself.

Of course, the vast majority of government projects are actually unprofitable, so they cannot be put on the market, such as the national urban renewal project, which is larger than the southwest hydropower, and the construction and expansion of infrastructure for major cities cannot be profitable.

After a full five years of depression, the economy finally came out of the freezing point, driven by crazy government investment, and the re-growth of private investment illustrates two problems, first, the capitalists have restored confidence in the economy, and second, the people have money to spend.

Of course, there is another important reason, the large-scale orders of Soviet Russia and the stimulation of state investment have created a huge market.

In fact, this is still the case that a large amount of people's wealth has been absorbed by the Great Southwest Hydropower, the Jiangxi-Guangdong Canal, and the Grand Canal project, and to put it bluntly, the policy of the past two years has mainly been to wipe the ass for the danger of inflation caused by large-scale wage increases, directly raising wages by one or two per day, raising the wage level in the developed eastern regions by 50 percent, while doubling to triple the wage level in the central and western regions, and providing jobs for those workers who have lost their jobs due to factory layoffs through state investment, and even absorbing a large number of rural laborers.

All of this is tantamount to more than doubling the average wage income of the Chinese people, and Zhang Jiaao and others worked hard for three years to find the right way to solve this problem.

But there are still hidden dangers, after all, these projects, can only absorb a family's income at most a year, if a family of three, is a double income, their annual income can reach 7, 800 taels of silver, can only last for a year, they have a strong purchasing power, so even if the southwest hydropower and other stocks absorb a lot of money, car sales are still very prosperous, for the price of cars reduced to less than 100 taels, it is very attractive to many people, and there is enough purchasing power.

Moreover, the government subsidy period is the best time to take advantage, and the rush to buy has played a role again, and Yang Chao saw the scene of grabbing cars and houses in advance.

However, he has not dared to let go of the real estate project, now urban residents only buy houses by the rich, most ordinary people are renting houses, or their ancestors have passed down the old houses, like Lu Xun, professors, all choose to rent a house in Beijing, because the price of luxury houses is too outrageous, the houses built for the middle class have not yet, because no one has created a pre-sale model, the houses can not be sold one by one, they have to be sold one by one, a university professor's annual salary is 10,000 taels, unless you buy those old houses, If you want to buy a western-style house, you can only think about it.

That's why Liang Qichao's public housing is so important, because he solves the dilemma of a middle-class who wants to live in a bungalow, but can't buy it.

Now Liang Qichao has opened the commercial housing model, but it is currently only limited to the field of luxury housing, and the middle-class commercial housing in the middle area has not been sold, because Yang Chao really does not dare to let go of this model, and he can still control the inflationary pressure of onions, ginger and garlic, but the inflationary pressure of commercial housing, he thinks about it, and the economy has not yet returned to prosperity, so he does not dare to take this risk.

Can't start the real estate model, want to be able to adjust inflationary pressures at any time in the next few years, can be sold at any time, in addition to the house, that is, the road, the railway has long been sold, so Yang Chao decided to build a highway, a large-scale construction of highways, just like the Nazis, to build a national highway network. (To be continued.) )