Imperial capital.

State Economic and Trade Commission, Ministry of Foreign Economic and Trade.

Due to the violent turmoil in the European financial system, senior executives from various departments of the ministries and commissions sat together again to discuss future development plans.

Economic development cannot be separated from the support of capital and technology. This is the most obvious truth and a fact that can be seen with your eyes.

Just like Thailand and South Korea, due to the major chaebols in Japan and group companies have increased their foreign investment. In just one year, the economies of these two countries have developed greatly, with employment, GDP and per capita income growing sharply.

Especially in Thailand.

Since the President of the Bank of Thailand, Sonny, took office, he has carried out drastic economic and financial reforms, first relaxing the external restrictions on the stock market, gradually opening up the domestic financial industry and real estate market, and later fully liberalizing the financial market and establishing an offshore financial center. In just one year, it attracted large-scale foreign capital to settle in Thailand.

It took a year.

The existence of the four little tigers at the bottom has become the leader among the four little tigers. Its fierce development momentum is even very likely to become a developed country.

Get rid of poverty, increase employment, increase per capita income, and increase national income.

Living examples are in front of you, who can not be moved?

But Zhang Youwei did not expect that the reform plan he drove out overnight was not directly approved.

"In the year, the European economic turmoil is a great opportunity for us. Judging from the report, the total amount of capital outflows from the European market in the recent past is at least 36 billion US dollars."

"There is also Japan. The latest policy of the Japanese government shows that they are increasing their overseas investment. South Korea and Thailand have inflowed at least 30 trillion yen in the past year. The new factories established by Sumitomo Rubber Group alone, Toyota Motor Corporation, have invested up to about $500 million in Thailand..."

“…”

"Thailand's development is in front of us, and their success is completely proved as a testament to the importance of a free market economy. This is just like homework waiting for us to copy!"

“…”

Looking at Zhang Youwei's face of dissatisfaction and excitement, Nian Yao Shun put down his teacup and smiled humbly.

"Xiao Zhang. I understand your passion. Young people are motivated, motivated, and enthusiastic. But this matter is related to the future of the country and nation. If we listen to the opinions of other comrades, it will not be too late to make a conclusion."

"The Ministry of the Year. The opportunity must not be lost, and we will never come again. We have been discussing this for more than two months. The UK's economy was not much better than ours now twenty years ago, but it took them twenty years to escape from the economic quagmire and set a new high in economic growth.

When I was in the UK, I deeply investigated the principles. Since Mrs. Thatcher came to power, she has begun to gradually promote the process of privatization and relax the restrictions on the financial market. It is these two basic principles that the UK can get out of the economic downturn in the shortest time.

My mentor is a professor of economics at the University of Cambridge, and he is one of the aides of Thatcher's cabinet government.

I asked him about it, and his opinion was that a fair and free market could attract more funds to settle in, because from an economic perspective, the global economy is actually a pool of flow. Where there is a low depression and high freedom, its activity will be higher, its vitality will be stronger, and its potential will be greater."

"There are also Finland, Sweden, Italy, and developed European countries. In their development history, the financial markets have played a great role in promoting it."

“…”

One may be survivor bias, but two or three cannot be explained by survivor bias.

Nian Yao Shun couldn't help but frown and habitually touched the cigarette in his pocket. Until he realized that all the college students present were not suitable for smoking, he picked up the teacup and took a sip.

After a long time, he put down his teacup and said, "Xiao Zhang. I agree with your idea. Finance does have an unusual position in the development of modern economics, so the country will gradually pilot the securities market and futures market. But I still think that it is too risky to rashly develop freedom of the financial market."

"Yindustry..."

"Xiao Zhang. I didn't say I didn't agree. Let's listen to what other comrades said and refer to it. What do you think? Xiao Wang, what do you say."

"I agree with your opinion that a free financial market is not the inevitability of development. Just like Germany, the German financial market has high restrictions on foreign investment. Not to mention various thresholds, there are also high tax rates. However, Germany's economy has always been the elder brother of Europe. This is because Germany was defeated twice in World War I and World War II and compensated huge war compensation.

Why is this happening?

When I was in Germany, I clearly realized why Germany is so strong.

The rigorous attitude of the Germans is crucial. For example, automobile manufacturing, Europe's economic situation has not been good in recent years. Most car brands in other countries are operating at a loss, but Volkswagen Group and BMW Group have always been profitable. Germany's economy has been growing even more.

They do not rely entirely on the financial market, but focus on technology.

In the German minds, finance is all virtual, and technology is the king. I agree very much with this. If there is no basic industry and technology to engage in finance, it is a castle in the air even if it loses the foundation."

"Director Wang, you can't say that. Is it worse than industrial technology, the Soviet Union? Even if the East and Germany merge, it will not be as good as the Soviet Union's original industrial level. We can fight against the United States and most of Europe by ourselves. We said that the Soviet Union was the second largest in the world in science and technology industry at that time, and the United States probably dared not recognize the first one."

"As a result, I lost a lot on the financial battlefield. If the Soviet Union had attached great importance to the financial market, it would not have been divided into the current fifteen countries. Finance is not only the economy, but also a strategic weapon in the current international situation. Secondly, it can expand the scope of financing and bring more capital development to the development of science and technology and industry."

“…”

Nian Yao and Shun heard that one person had two big names.

Both of them have all the right words and there are living examples in front of them, so it is really difficult to make a choice.

In terms of reason, he felt that Zhang Youwei was right. Thailand and China are neighbors. The ready-made examples are there, just like copying homework, just copying homework in response to the answer.

But in terms of emotion and gratitude, he prefers Wang Shoucheng's theory. Without solid industrial technology, finance always feels particularly empty.

It is not a weak weakness, it is a guilty weakness.

Because, he still doesn't understand what this thing is.

Nian Yao Shun did not dare to make a decision directly for such a major matter and looked at Tang Chaoke who had returned from studying in Japan.

Although China and the Soviet Union are similar in terms of national system, they are closer to Japan in terms of culture, tradition and thought.

If Japan can become the world's second largest economic system, it must have precious experience to learn from.

"Xiao Tang. What do you think?"

"I think what the two seniors said makes sense."

“……”

What did this kid learn in Japan?

Why didn’t I learn the good things? I learned all the two-faced and three-killing Japanese people.

"I have studied Japan's modern economic development history. In addition to the support of the Americans, a large part of the reason why Japan has fully absorbed the financial changes in the Western economic system, but also had the Germans' persistence in industrial technology."

"Japans also engage in finance, but from the perspective of the operation of the Tripitaka Province, in Japan, the financial market is just a tool, a tool used to promote economic and industrial development.

In Japan, the main groups that dominate the financial market are divided into two groups, one is state-owned capital, the other is ordinary investors, that is, retail investors.

It is reflected in that Japan's investment funds are basically controlled by state-owned capital without foreign capital or private equity management funds.

Its purpose is mainly to develop enterprises in the financial market financing, not financial market economy.”

"There are three aspects that truly make Japan the pillar industry that is the second largest economic system. First, real estate. The development of Japan's local industry has transformed the national labor force to the greatest extent and promoted the driving force of economic development.

Second, technology.

Since the war, although Japan was forced to give up military factories, those military factories switched to private development, and their technology has not only not stopped, but has achieved the greatest innovation.

For example, Kawasaki, the ship industry orders received by Kawasaki now account for almost more than 55% of the global ship market.

The second is the major automobile brands, and the leading manufacturing level has allowed Japanese cars to spread all over the world.

There are also daily chemicals and other products... "

"The third is commodity resources. Japan's four major grain traders almost control more than 60% of the total trade volume in the Asian agricultural and grain market, while Sumitomo and Mitsubishi influence the price changes of global non-ferrous metals."

"The last point is the financial market. Japan develops the financial market more to influence the pricing power of commodity resources to serve the major chaebols, rather than to the financial market economy."

"So I think we can develop finance, but there is no need to fully open financial markets like Western countries. Bulk resources and industrial technology are the core of development, and finance can only play an auxiliary role.

Just like the real estate market I mentioned a few years ago, it has unmeasurable potential in converting labor.,

We in China have a population of more than one billion. Think about it, if these populations are converted into labor resources, how huge wealth can they create?"

"The pilot of the real estate market is indeed relatively successful, but the finance..."

Bang, bang!

Suddenly, two knocks came from the door. When Nian Yao Shun turned around, the secretary rushed to him and bent down.

Huahai University, School of Economics.

As Shen Jiannan's voice paused, the students present suddenly began to talk.

"How is this possible? The purpose of Princeton University was founded to be drug dealers to hide drug resources?"
Chapter completed!