Chapter 2767 Problem

Everyone naturally knows this.

The fact that the United States completely abandoned its previous practice of not intervening in the market and spent huge sums of money to rescue the market was widely publicized by various domestic media, because this could be regarded as a victory for the planned economy.

Therefore, even though the reports did not explicitly point this out, the words were filled with a feeling of elation.

The east wind, this time really overwhelmed the west wind.

"Judging from the economic conditions of countries around the world at this time, I think that the United States' move will be quickly followed by many countries, because we know that the representatives of old Europe, Britain, France and Germany, are not having a hard time at this time,"

"I have a relatively clear understanding of the current situation in the United States. I should say that such rescue measures are necessary and very necessary,"

"The U.S. economy is really on the verge of collapse. Because financial institutions are facing huge difficulties, their credit markets have stalled, which means that all companies cannot get credit from financial institutions. Financing,”

"At the same time, financial institutions are still collecting the money they lent before in order to protect themselves,"

"I think everyone can imagine what it means if this situation continues,"

what does that mean? That's a good guess.

Some people couldn't help but gasp at this moment.

As we all know, due to the construction of the backbone logistics network, the group's financing efforts have also increased in recent years. Even they are borrowing from banks, and other domestic companies are naturally not much better.

Of course, this mainly refers to large companies, because it is difficult or impossible for those small companies to obtain loans from banks at any time.

Let’s not talk about state-owned enterprises. Their loans are as natural as most young people buying a house and relying on their parents for the down payment.

Most qualified companies in China rely heavily on bank financing for development, with debt ratios above 70%. It can be said that they are everywhere.

As long as banks suspend lending while collecting previous loans, I am afraid that a large number of companies that seem to be prosperous today will collapse tomorrow because of a broken capital chain.

Some people couldn't help but gloat a little because of this. So, this American emperor is currently in dire straits!

happy!

But some people are not happy, mainly companies with export sales. Although the Autumn Trade Fair will not be held until next month, they have already felt the chill.

After these few months of development, the consequences of the financial crisis in the United States and the European Union have been passed on. Not to mention new orders, many old orders that have not yet been executed are currently unstable.

Take furniture companies as an example. Currently, they are still exporting, but exports will definitely come to a standstill by the end of the year at the latest.

Although in the past two years, they have been short of production capacity and supply exceeds demand. In order to meet the needs of exports, Meijia and original domestic customers at the same time, they have been cultivating an OEM system on a large scale. However, they suddenly switched from domestic sales to export sales on two legs. If it becomes domestic sales, the benefits of the company and individuals will plummet. How can it be comfortable?

"When major countries in Europe and the United States begin to rescue the market, and when bailing out becomes a mainstream approach," Feng Yiping paused, "I think our country will definitely consider relevant measures."

Jin Ling said, this is what I am worried about.

"From the perspective of solving the financial crisis, this is necessary. Whether it is the ongoing rescue plan in the United States or the rescue plan that other countries will soon follow up, no matter how much money they specifically invest, to use a layman's terms In other words, the main and primary goal of their rescue is confidence,"

"Especially this financial crisis, in the final analysis, is a crisis of confidence,"

"As long as people's confidence is restored, most of the problems currently faced will be solved by the market without assistance,"

"At the same time, looking at the specific situation of domestic economic operations, we all know that in the southeastern coastal areas, a large number of companies have been unable to start operations. At the beginning of the year, a large number of migrant workers went out and failed to find jobs. Now, among those who have found jobs, Some of them also returned home early because of the factory shutdown."

"No matter how strong the European and American rescue measures are, the bad export situation will last at least until the end of next year or even longer,"

"Therefore, I speculate that by next year, many companies on the southeast coast will not just temporarily suspend operations, but will go bankrupt,"

"Even mass closures," - he was deeply impressed by this.

"Then, in order to maintain employment and growth... it is indeed necessary to introduce relevant rescue plans,"

This is not surprising to everyone. Our country is the most experienced country in the planned economy among the current economies. Similar methods are exactly what we are good at.

"Combined with the valuable experience of the development of other economies, such a plan is also necessary. From the reform and opening up to the present, we have maintained double-digit high growth for many years, and this growth trend is not like our driving. ,accelerate and decelerate as you please,”

"In this regard, once growth slows down, it will be impossible to pick it up again," he said.

"For related situations, you can look at the performance of the Four Asian Tigers after the Asian financial crisis - there are actually many similar situations,"

"The consequence of the slowdown in their economic growth is that they originally seemed to have great hope of joining the ranks of developed countries, but now they have lost such hope,"

This is something that many people do not realize.

Xiao Zhijie whispered to Wang Changning, "The middle-income trap,"

Wang Changning bumped him with his thigh under the table, "Pay attention,"

"It's hard to estimate how much money our country will invest in this bailout," Feng Yiping said - I know, but it's hard to say now.

Xiao Zhijie was whispering again, "I have calculated that if the investment is 700 billion, then the United States' bailout funds are only equivalent to 5% of their gross national product last year and 28% of their federal fiscal revenue. According to this ratio, our Probably more than 1 trillion yuan will be invested,"

"Because our gross national product last year was about 24.5 trillion yuan, tax revenue was nearly 5 trillion yuan, and public fiscal expenditure was about 4.9 trillion yuan,"

Wang Changning knew that Xiao Pangpang, who was sensitive to numbers, would never miss such an opportunity to show off.

Feng Yiping's speech continued, "What we have to consider now is what impact this plan will have on our development."

"Although we are not sure of the scale of investment in the rescue, I believe everyone can guess some of the related directions,"

This time, Wang Changning whispered, "Infrastructure,"

Feng Yiping saw what many people were saying, "Yes, in addition to post-disaster reconstruction, infrastructure will be a focus,"

In his impression, 2008 was a dividing point. After 2008, the development of both highways and high-speed railways entered the fast lane.

Coupled with the later implementation of the "Village-to-Village" project, it can be said that from this year onwards, our traffic situation will be comprehensively improved.

"This is of course a very powerful move for the development of the economy and the development of our company,"

“Even for our e-commerce, we all know that it is not built on a virtual network, but on a real physical network, such as railways, highways, airports, oil pipelines, and power grids. , communication network...supports the smooth movement of people, materials, energy and information to anywhere,"

"It can be said that without the smoothness of the physical network, there will be no smoothness of the virtual network. Without the ubiquitous, convenient, and low-cost physical network, the new economy represented by e-commerce will be just a castle in the air."

"Then let alone our other companies,"

"The state has concentrated on increasing investment in infrastructure, which is undoubtedly good news for the development of our two groups. However," he changed the subject, "is there any local adverse impact?"

Feng Yiping stood up again, "I think there will be,"

"Because of the construction of the backbone logistics network, we have also invested heavily in infrastructure in the past two years,"

Lao Ma's brows wrinkled again.

"So, if the country and local governments launch large-scale infrastructure projects together, will it drive up the prices of some bulk raw materials, such as cement and steel?"

Although he is not as sensitive to numbers as Xiao Zhijie, Lao Ma immediately did the math. As long as these two items increase by more than 10%, the increased investment will... Tsk, that's incredible!

"And, will this affect the land acquisition costs for some of our new projects?"

At this time, more company leaders frowned.

"Also, generally speaking, such stimulus plans are always accompanied by an increase in inflation. What impact will this have?..."

"Everyone, please hurry up and think carefully. There are some things that we need to make plans for in advance,"