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Chapter 844:Three Strategies

"But..." Xu Zhenbo said, "Wowling, you have considered that there is no, the economic crisis in Western countries, their imports will be reduced, and our exports can mainly face Western countries."The research center of our Ministry of Commerce estimates that there is a very serious situation in which there is likely to be negative growth in national exports next year.”

“Indeed, many of our large enterprises have also expressed concern that Western countries will be affected by the subprime mortgage crisis, and that export orders will be affected next year.”Officials from the SASAC added.

Feng Xiaochen looked at Han Hong, Han Hong nodded to him, and said to the crowd: "Since everyone is talking about this topic, then I will ask Xiao Feng to tell you his thoughts."He reported to me separately last week, and I think his ideas still have some merit, and now the comrades in the ministries are there, and I let him speak out and discuss it together.”

Among the officials of this dry ministry, Feng Zhichen did belong to the small-character generation, and most of the people present were qualified to call him a small Feng.However, we also know that Feng Xiaochen is a wise and star of the National Development and Reform Commission, and has repeatedly been able to have some good opinions, and Han Hong has made him speak so solemnly, it is obvious that his views have won the recognition of the leadership of the National Development and Reform Commission, to a certain extent, also represents the attitude of the NDRC on this issue.

Feng Xiaochen did not have a sense of affection, he sat upright, said: "Gentlemen, director Han let me say, then I will say a little of their own shallow views, the right to throw bricks and jade, please correct more."

"Haha, correct can't be taken, your little Feng's point of view has always been refreshing."Xu Zhenbo smiled and held Feng Xiaochen's sentence, and at the same time spread out the notebook in his hand, and began to prepare the record.Other officials have also picked up pens and prepared to write down Feng Xiaochen's views in order to return to their respective leaders.

Feng Xiaochen said: "This subprime mortgage crisis, in fact, is not surprising.To put it in an old saying, it is unexpected and reasonable.Just now, Lao Qi has already introduced the views of the mainstream Western economics community, and believes that this crisis has been a symptom as early as five years ago.The reason for this big crisis is that the entire Western world has moved away from the real economy and relied on the financial markets to sustain prosperity.This game always ends, and the game ends when the crisis breaks out.”

“That metaphor is good!”An official from the central bank agreed, "We have analyzed that the financial markets in the United States seem to be prosperous, but they are actually hyping each other, and some concepts that have no real economic support at all.We have long said that sooner or later the hype like this is going to collapse, it seems that our previous expectations were completely correct.”

Feng Xiaochen smiled at him and then said, “Because the reason for this crisis is the weakness of the real economy, we think it is very difficult for Western countries to recover from the crisis.”Such a crisis is a crisis for Western countries, and for us, it is an opportunity, that is, an opportunity.My view is that we should seize the opportunity of the economic contraction of the Western countries and attack boldly, which will make you die while you are sick.”

Wang Zhenbin smiled, “Whising, you are too vulgar, so don’t write it in the documents.”

Han Hong followed Wang Zhenbin's words and said seriously to the whole scene: "I remind you that the content of our meeting today can only report to their respective leaders and cannot disclose it to the outside world."This is about our country's economic strategy for the coming years, which is not to be known to others."

“Understood!”The officials agreed unevenly, and the expression on his face was still a little heavy.

Feng Xiaochen continued: "About our response to the crisis strategy, I have three aspects, thinking is not mature, and when I finish, please add.Among these three aspects, the first is to vigorously promote domestic investment and domestic consumption, and replace external 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 ways.In this regard, the decision of the National Development and Reform Commission is needed.According to Keynes, in times of economic crisis, the government should initiate large-scale public construction to stimulate the economy.Our country has a lot of infrastructure debt, compared with the western developed countries, is still very backward.We can use this crisis to carry out comprehensive infrastructure construction, repair railways, roads, infrastructure, and simply summarize that it is "iron-based."

"Iron Gongji ..." Everyone who was present laughed dumbly, and the name was indeed creative enough.

He said, “Let me explain.The central leadership recently issued instructions for 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 NDRC plans to approve a number of infrastructure projects in the near future, including no less than 10 passenger railway lines, 20,000 kilometers of highways, and the construction of several airports and large ports.In order to ensure the realization of these construction projects, the state must also increase investment in electricity, energy, steel and so on.

“No wonder I can’t stop laughing.To make these investments, isn't it all your equipment industry?Mr. Feng, are you not afraid of indigestion when you eat so many items in one go?”An official joked.

“No, we’ve spent more than 20 years grinding this good tooth, just to gnaw these hard bones.”Feng Xiaochen laughed and responded.

“If that’s the case, then we’re reassured that at least our big businesses won’t go hungry.”The officials of the State Council said.

Feng Xiaochen then said, “Second, as I just said, we want to occupy the markets of third world countries.The markets of the West are shrinking, and we should make up for it from third world countries.In the past ten years, we have been in Asia, Africa and Africa, and have established some sales channels.Now, it is time to make these sales channels fully play a role, and we must turn the original point-like breakthrough into a face-like breakthrough.In Africa, for example, we need to make full-scale efforts to get the Europeans out.”

"You're tough enough."Xu Zhenbo said, "Africa is a traditional European colony, although now independent, but still economically dependent on Europe, Europeans see Africa as their own backyard."You run to the back of the people to go blind, but also want to drive out the Europeans, you are not afraid of the Europeans looking for you desperately?"

“That’s the third thing I want to say, which is that we don’t have to wait for the Europeans to come to us, we have to take the initiative to go to Europe and copy their nests.”Feng Zhichen on Xu Zhenbo's statement, killing himself said his third suggestion.

Copying the old house?What do you mean?”Xu Zhenbo was oscillated.Feng Xiaochen said the first two points, good still within his cognitive range, this third point, seems to be a little too let go of it?

Feng Xiaochen said: "This subprime mortgage crisis began in the United States, but we estimate that the most affected should be Europe."When the United States encounters such things, it is accustomed to being neighbors.Moreover, the establishment of the European Union has always been a pain in the heart of the United States, and with this opportunity, the United States must find a way to weaken Europe, and it is best to let the EU fall into a situation of disintegration.Based on this analysis, I think Europe is likely to have a serious sovereign debt crisis in the next few years, with many countries in trouble.We should make a decisive decision at this time to go to Europe to copy the bottom.”

“What does copy mean?”An official asked.

Feng Xiaochen said: "The bottom is to buy their high-quality assets, of course, refers to industrial assets and technical assets, such as what Pumai, Shuangluo, Himans and so on, as long as they are willing to sell, we will eat."Of course, those entertainment industries, real estate and the like, we don't have to buy."

“Feng, your heart is too big, isn’t it?”One official frowned, “Puma, Shuangluo, Himanez, those are the top big companies in Europe, how can they sell it?”

Feng Zhichen said confidently: “Anything is possible.Now the Western world is in an economic crisis and investment is languishing.Our own market must be guarded and cannot be left to Europeans.In the markets of developing countries, we have to grab ourselves.In this way, these big European companies have no way to live, and they can survive for a few days?”

“Is that what you said to kill you while you’re sick?”Xu Zhenbo's old words are mentioned again.

Feng nodded and said, “Yes, this is a good opportunity, and if we can seize and maximize the acquisition of a number of established companies from the West, then our level of technology will be able to have a significant improvement, when we will go from the original follower to a competitor on the same side with the West.”

“That idea is good!”SASAC officials shouted, "Our enterprises have also annexed some of the old Western enterprises in the past, and after eating each other's technology as a whole, the competitiveness has indeed improved significantly."This time, if we can really win a large number of Western companies, as Feng always said, we can basically be at the forefront of the world.”

The official of the Ministry of Finance laughed: "If this can be done, then there is nothing to say, we must be fully supported financially, even if it is sold, it will provide you with sufficient funds."

Everyone's emotions were mobilized by Feng Xiaochen.Despite what he said was simple, the officials present were also experienced, could understand what he meant by a moment’s thought, and could assess the feasibility of his three strategies.Expanding domestic demand, entering the third world market, and going to Europe are of course very arduous, but if they can succeed, the benefits are also very obvious.

With excitement, people have spoken, complementing the three strategies put forward by Feng Xiaochen, and also made various guarantees on behalf of their ministries.

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