"But..." Xu Zhenbo said, "Xiaochen, have you considered that Western countries are in an economic crisis and their imports will decrease. Our exports are mainly against Western countries. Our Research Center of the Ministry of Commerce estimates that the country's exports may experience negative growth next year, and the situation is very serious."

"Indeed, many of our large companies also expressed concern that Western countries will suffer from the subprime mortgage crisis and reduce investment, and their export orders will be affected next year." An official from the State-owned Assets Supervision and Administration Commission added.

Feng Xiaochen looked at Han Hong, Han Hong nodded to him and said to everyone: "Since everyone has talked about this topic, I will ask Xiao Feng to tell you his ideas here. He reported to me alone last week. I think his ideas still have some advantages. Now comrades from various ministries are here, so I ask him to speak out and everyone will discuss together."

Among the officials of this cadre and committee, Feng Xiaochen is indeed a junior, and most of the people present are qualified to call him Xiao Feng. However, everyone knows that Feng Xiaochen is a wise star of the National Development and Reform Commission and has repeatedly had some good opinions. Han Hong let him speak solemnly, obviously his views have won the recognition of the National Development and Reform Commission leaders. To a certain extent, it also represents the National Development and Reform Commission's attitude on this issue.

Feng Xiaochen was not pretentious. He sat upright and said, "Everyone, Director Han asked me to tell me, then I will just say some of my own simple opinions. Just use it as a throwaway to attract jade. Please give me some corrections."

"Haha, I don't dare to be corrected. Your Xiao Feng's point of view has always been refreshing." Xu Zhenbo smiled and held Feng Xiaochen's words, and at the same time spread out the notebook in his hand and began to prepare for recording. Other officials also picked up pens and prepared to record Feng Xiaochen's point of view so that they could go back and report to their respective leaders.

Feng Xiaochen said: "This subprime mortgage crisis is actually not surprising. In an old saying, it is unexpected and reasonable. Lao Qi has just introduced the views of the mainstream Western economics community, believing that this crisis had already been symptomatic five years ago. The reason for such a big crisis is that the entire Western world has separated from the real economy and has been relying on the drums and passing flowers in the financial market to maintain prosperity. This kind of game will always end in the end, and when the game ends, it is when the crisis breaks out."

"This metaphor is good!" an official from the central bank agreed. "We have analyzed that the US financial markets seem to be prosperous, but they are actually speculating on each other, hyping up some concepts that have no support for the real economy at all. We have said that hype like this will sooner or later collapse. Now it seems that our previous expectations are completely correct."

Feng Xiaochen smiled at him and continued: "Precisely because the reason for this crisis is that the real economy is weak, we think it is very difficult for Western countries to recover from the crisis. Such a crisis is dangerous for Western countries, but for us, it is an opportunity, that is, an opportunity. My opinion is that we should seize the opportunity of the economic shrinkage of Western countries and take bold measures. This is called taking advantage of your illness and killing you."

Wang Zhenbin smiled and said, "Xiaochen, your words are too vulgar. Don't write them in the document."

Han Hong followed Wang Zhenbin's words and said seriously to the audience: "Let me remind you that the content of our meeting today can only be reported to our respective leaders and cannot be disclosed to the outside world. This involves our country's economic strategies in the next few years, which cannot be known to others."

"I understand!" The officials agreed unevenly, and the expressions on their faces became a little more serious.

Feng Xiaochen continued: "I have three aspects to consider our strategy for responding to the crisis. I am not mature in thinking. After I finish talking, please add them. Among these three aspects, the first is to vigorously promote domestic investment and domestic consumption, and replace foreign demand with domestic demand. In terms of consumption, I think the comrades of the Ministry of Finance and the Ministry of Commerce should have more solutions. In this regard, investment requires the National Development and Reform Commission to make up their minds. According to Keynes's proposal, in the event of an economic crisis, the government should start large-scale public construction to stimulate the economy. Our country's infrastructure owes a lot of debts, which is still very backward compared with developed Western countries. We can use this crisis to carry out comprehensive infrastructure construction, build railways, build roads, and do infrastructure. To summarize it briefly, it is the 'rail, highway and foundation'."

"Railway, Highway, and Basic..." Everyone present burst into laughter. This name is indeed creative.

Han Hong said: "I will explain this issue. The central leadership recently gave instructions on economic work in the next one to two years, requiring us to actively respond to the impact of the subprime mortgage crisis, ensure that the domestic economic growth rate does not decline significantly, and ensure the stability of domestic employment. To this end, the National Development and Reform Commission plans to approve a batch of infrastructure projects in the near future, including no less than 10 passenger railway lines, 20,000 kilometers of expressways, and several airports and large ports. In order to ensure the realization of these construction projects, the country must also increase investment in electricity, energy, steel, etc.."

"No wonder I can't even laugh at Mr. Feng's mouth. If you want to do investments in these areas, isn't it all the business of your equipment industry company? Mr. Feng, are you not afraid of indigestion after taking so many projects in one go?" an official teased.

"No, we have spent more than 20 years grinding this good teeth just to chew these hard bones." Feng Xiaochen replied with a smile.

"If this is the case, then we will feel at ease. At least our large enterprises will not go hungry." said an official from the State-owned Assets Supervision and Administration Commission.

Feng Xiaochen continued: "Second, what I just said is that we want to occupy the market of third world countries. The markets of Western countries are shrinking, and we should make up for it from third world countries. In the past decade, we have been developing in Asia, Africa, and Latin America and establishing some sales channels. Now, it is time to make these sales channels fully function. We must turn the original point-like breakthrough into surface-like breakthroughs. For example, in Africa, we must make all efforts to drive Europeans out."

"You are really cruel." Xu Zhenbo said astonished. "Africa is a traditional colony of Europeans. Although it is now independent, it still relies heavily on Europe economically. Europeans regard Africa as their own backyard. You don't count on running around in other people's backyards, but you still want to drive Europeans out. Are you not afraid that Europeans will fight for you?"

"This is the third point I want to say, that is, we don't have to wait for the Europeans to come and fight for us. We have to take the initiative to go to Europe and copy their nests." Feng Xiaochen said his third point of advice with murderous intent, as Xu Zhenbo said.

"Cracking the old nest? What does it mean?" Xu Zhenbo was stunned. The first two points Feng Xiaochen said were still within his cognitive range. This third point seemed a bit too let go, right?

Feng Xiaochen said: "This subprime mortgage crisis began in the United States, but we estimate that Europe should be the most affected. When the United States encounters such a thing, it is accustomed to harming its neighbors. Moreover, the establishment of the EU has always been a pain in the United States. Taking this opportunity, the United States must try every means to weaken Europe, and it is best to put the EU in a state of collapse. Based on this analysis, I think Europe may experience a serious sovereign debt crisis in the next few years, and many countries are in trouble. We should take decisive action at this time and go to Europe to buy at the bottom."

"What does buying at the bottom mean?" asked an official.

Feng Xiaochen said: "Basketball is to acquire their high-quality assets, of course, it refers to industrial and technical assets, such as Pumai, Shuangluo, Ximanz, etc. As long as they are willing to sell, we will eat them all. Of course, there is no need for us to buy those entertainment industries, real estate, etc."

"Mr. Feng, your heart is too big, right?" an official frowned. "Pumai, Shuangluo, Ximanz, are all top European companies. How could they betray them?"

Feng Xiaochen said confidently: "Everything is possible. Now the Western world is in an economic crisis and investment is sluggish. Our own market must be kept and not allowed to get Europeans involved. We must grab the markets of developing countries. In this way, these large European companies will have no way to survive. How many days can they last?"

"This is what you said to take your life while you are sick?" Xu Zhenbo reiterated the old words.

Feng Xiaochen nodded and said, "Yes, this is a good opportunity. If we can seize and acquire a group of old-established companies from the West to the greatest extent, then our technical level will be significantly improved. At that time, we will go from being the original follower to becoming a competitor who is on par with the West."

"This idea is good!" The official of the SASAC applauded the high-highlights and the company had merged some old Western companies in the past. After taking advantage of the other party's technology, its competitiveness has indeed improved significantly. This time, if we can really win a large number of Western companies as Mr. Feng said, we can basically be among the forefront of the world."

Officials from the Ministry of Finance smiled and said, "If this is true, there is nothing to say. Our finance department will definitely support you with full support. Even if you sell pants, you will provide you with enough funds."

Everyone's emotions were mobilized by Feng Xiaochen. Although what he said was very simple, the officials present were also experienced. After a little thought, they could understand what he meant and evaluate the feasibility of his three strategies. Expanding domestic demand, entering the third world market, and buying at the bottom of Europe, these three tasks are of course very difficult, but if they can succeed, the benefits will be very obvious.
Chapter completed!