Volume 3 The Stormy Waves of the East China Sea Chapter 76 Doing the Opposite (620 Explosions, Asking for a Monthly Pass)
China provided weapons and equipment to Japan, and China announced the suspension of negotiations in the preparatory stage.+3 The situation is tense again
724, 9 a.m. Tokyo time
Hundreds of reporters stayed overnight at the gates of the Japanese Prime Minister's Office and the Ministry of Foreign Affairs, expecting to receive the latest announcements from the Japanese Cabinet Government as soon as possible
At this time, it was 8 Beijing time
Hundreds of journalists also stood outside the State Department's Ministry of Foreign Affairs, waiting for the Chinese government to announce a new ceasefire timetable
Whether it is a fight or a peace, the whole world is waiting eagerly
The outside world did not know that dozens of high-ranking officials of the State Council of the Republic, including the prime minister, the three vice premiers, the minister of national defense, and the deputy foreign minister, were discussing current domestic issues with Ji Youguo in the study of Xipuyuan, the head of state's capital
There's only one topic in focus: the constant influx of international hot money
Most of the time, it was Pang Xinglong, Tao Zhenshan, vice premier in charge of economic work, and several ministers related to economic work who were speaking, and Ji Youguo did not speak, and Zhao Rundong and others also remained silent
"Generally speaking, the situation is better than expected," Pang Xinglong made his concluding remarks, "excluding China's financial capital, which has withdrawn profits, as of 7 o'clock this morning, the international hot money pouring into China's financial market is between $1.1 trillion and $1.2 trillion, which is lower than the expected $1.5 trillion."
"There has been no significant fluctuation in the exchange rate, mainly related to the ongoing industrial restructuring
Compared with other countries, investors are more optimistic about China's economic prospects, and the possibility of currency appreciation in the future is increasing, but the impact on foreign trade is not large, with the gradual deepening of industrial structure adjustment, China's foreign trade structure will undergo major changes, offset the negative impact of currency appreciation, in the long run, the appropriate appreciation of the currency to promote industrial restructuring, improve product value, increase the income of workers, Stimulating domestic consumption has a positive impact, and generally speaking, the exchange rate does not have much impact on China's economy, and it is not very likely that international hot money will make a fuss in the foreign exchange market
"There are two main problems, one is the stock market, and the other is the property market
"With the rapid growth of our economy, Emerging technologies have been gradually popularized and applied, a large number of emerging enterprises with strong competitiveness in the domestic and international markets have emerged, compared with 10 years, the total market value of the Shanghai and Shenzhen stock markets has increased by three times, the Shanghai Index and the Shenzhen Index have increased by 2.4 times and 2.7 times respectively, the average price-earnings ratio of more than 1,800 stocks in the two cities is more than 18, at a relatively high level, the capital bubble is forming, the overall situation is pouring in, the international hot money will maliciously speculate on some high-quality stocks, to buy short and sell short, etc., to raise stock prices, blow up the capital bubble, and make high profits, for this reason, the State Council has prepared more than 10 rescue policies, the regulatory departments have also launched an emergency mechanism, closely monitor the stock market, and if necessary, can also speed up the IPO through the issuance of new sharesWays to stabilize stock prices and suppress capital bubbles
"The biggest problem in the property market is still too high housing prices, the central government can use very limited local policy means, most of the policies to stabilize housing prices have obvious time delay, we can do the land, just by increasing the supply of land, expanding the scale and speed of affordable housing, low-rent housing and other affordable housing construction, so that consumers are bearish on the future housing prices, forcing developers to reduce prices and promotions", said in the end, Pang Xinglong paused slightly. Generally speaking, the impact of our local regulation and control policies on the foreign exchange market and the stock market is more obvious, as long as the policies are implemented in a timely manner, we can effectively control the foreign exchange market and the stock market, and the real estate market is relatively serious, and there are no effective countermeasures for the time being."
The study was silent, and everyone's eyes turned to Ji Youguo
After extinguishing the cigarette butts, Ji Youguo said: "All the work of the State Council is satisfactory, but there are still some unsatisfactory localities that have issued orders from the State Council as soon as possible, and all departments should deal with the current challenges with an attitude of dealing with the war, and if there are no other problems, this will end here today, Premier Xinglong, you stay for the time being, and I will discuss a few things with you."
Under Wang Yuanqing's greeting, the vice premiers, ministers and vice ministers left the study one after another
Ji Youguo made a new cup of tea for the prime minister, and then sat on the chair next to Pang Xinglong, "I also thought of the problems you mentioned, as you said, the problem of the property market is the most serious, but I think that the problem of the property market should be looked at from another angle."
Pang Xinglong picked up the teacup and waited for the Führer to continue
"Excessively high housing prices not only reduce the quality of life of the people, but also have a very bad impact on the domestic consumer market. Ji Youguo lit another cigarette, "For investors, the property market with seriously high prices is not an ideal investment object, and international financial speculators are not stupid, let alone make money-making transactions."
Pang Xinglong frowned slightly and nodded in recognition of the Führer's analysis
"What we need to worry about is Japan's financial speculators," Ji Youguo sighed and said, "The property market is closely related to dozens of industries such as steel, cement, electricity, home appliances, furniture, transportation, etc., and if housing prices plummet, it will lead to the bankruptcy of a large number of developers and related industries."
When the time comes, the government will not only have to invest huge sums of money in other industries to help tide over the difficulties of the Asian financial tsunami in '97 and the Wall Street financial turmoil in '08 are closely related to the real estate industry.
"What does the Führer mean......" Pang Xinglong was secretly startled, and his expression became gloomy
"We must be ready to clean up the mess" Ji Youguo glanced at the prime minister, smiled slightly, and said, "Don't be so nervous, the situation is not as serious as you think, housing prices have come down, not only the people can get benefits, but the image of the government can also be improved, the key is whether Japan will do a business that loses money and makes money, if so, do we have the ability to clean up the mess"
"There will be no less money to invest"
"This is a test of your wisdom and ability" Ji Youguo shook his head with a smile and said, "With the power of the government alone, you can only get twice the effect with half the effect, the crisis crisis, there is both a dangerous side, and there is an opportunity side, if we can mobilize the power of the people, and use market means to resolve the danger, we can seize the opportunity"
"Civil power, the question is who has so much money?"
"Well, I don't think you should ask me."
Pang Xinglong hesitated for a moment, and suddenly came to his senses, "Führer, are you talking about Yanbo?" ”
Ji Youguo nodded and said: "I will talk to him alone, and you will often contact him to bring down the Japanese financial market, Yan Bo and others have not only made great contributions, but also gained a lot of money, he also expected that Japan would fight back, so he withdrew the funds in advance, and was ready to assist the government in dealing with the domestic financial turmoil, as long as this force is used well, the problems you said will be solved."
Pang Xinglong immediately nodded and said, "In addition, the local government is also a big problem."
"As I said, in order to regulate market behavior, we must issue relevant administrative decrees as soon as possible, and finally, we will also introduce relevant laws to restrain market behavior from the institutional level."
Pang Xinglong didn't say much more, another meaning of Ji Youguo's remarks was to restrain local governments from the institutional level
"In addition to the property market, the policy of stabilizing the stock market must also be adjusted"
Hearing Ji Youguo say this, Pang Xinglong's expression changed again
"The policies you mentioned are basically reactive responses to the crisis, and the effect will not be much better," Ji Youguo touched his chin and said, "You also mentioned that international capital has high expectations for the future of our economy, believing that we are the only country that can continue to maintain rapid growth, and in this case, the emergence of capital bubbles is inevitable, and this challenge is extraordinary, and in addition to international hot money, Japan will not invest much less money, so I think it is necessary to adopt the opposite policy."
"The opposite policy?" Pang Xinglong was secretly startled and said, "We took the initiative to blow up the capital bubble? ”
Ji Youguo nodded and said: "Taking advantage of the fact that the international hot money and the funds invested by Japan have not yet completely poured into my country's stock market, we will issue a series of policies to stimulate the stock market, and blow up the capital bubble in the name of international hot money speculation If Japan intends to collapse our country's financial market, it will take over at a high level, and continue to blow up the bubble As long as the timing of the release of the policy is grasped well, some international hot money will follow Japan to blow up the capital bubble and wait for all our capital to withdraw, and the policy will turn 180 degrees, and it will not be us who are trapped in the financial quagmire. It's Japan."
Pang Xinglong quickly thought about it and said: "This can indeed produce unexpected results, but the risk is too great, and the amount of money required is very huge."
"Hikohiro and they make a lot of money in Japan, so it is natural for them to contribute"
"If they can sing a duet with the government as a well-known businessman, the effect will be even more prominent"
"These are your jobs" Ji Youguo smiled faintly, "I'm not in the economy, I only know a little bit about the skin, and it's up to you to decide how to operate."
Pang Xinglong immediately nodded and said, "I'll arrange it right away, and strive to release the news today."
"Don't forget, there is also the issue of the duration of the ceasefire, if Japan continues to extend the ceasefire period, we will follow up appropriately, if Japan does not announce the extension of the ceasefire period, we will also remain silent, anyway, there is no need to compete with Japan at this time, and it will not be too late for us to defeat Japan in the financial market."
"Got it, I know what to arrange"
Ji Youguo nodded and asked Wang Yuanqing to send the prime minister out
After smoking another cigarette, the Führer called Yanbo
A war with no smoke in sight is about to break out, will the republic be able to emerge victorious?
Damn it*
Just code out, continue to ask for a monthly pass, rush up! (To be continued)