rebirth against the times

As everyone's eyes focused on one place, Bai Shuo once again picked up the microphone and looked coldly at Professor Xiong on the stage.

"Let me come back to your question." Bai Shuo said again.

Professor Xiong said sternly: "Okay, I'll listen to what else you, a young boy like you, can say..."

Everyone at the scene held their breath for a moment, waiting for Bai Shuo's upcoming remarks.

At this time, the experiences of later generations emerged in Bai Shuo's mind one by one. The successful experiences, lessons of failure, and the country's far-sighted strategic thinking in China's economic development were all interlockingly integrated into Bai Shuo's thoughts.

middle.

"A country's annual economic growth is composed of three parts from the demand side: exports, investment and consumption. As the crisis gradually passes, the active fiscal policy adopted at present will not return to normal when the international economy has not yet returned to normal, external demand is insufficient, and corporate investment enthusiasm

If the investment growth rate is low, there will inevitably be a cyclical decline in the investment growth rate. In addition to consumption, which can rely on China's huge population base to continue to stimulate domestic demand, the other three drivers of the economy may face a period of decline in exports and investment.

Shrinking..." Bai Shuo finally said slowly.

Professor Xiong: "Nonsense, isn't this exactly what I said...?"

"But!" Bai Shuo suddenly raised his voice and suppressed Professor Xiong's words.

"But... apart from relying on the Troika, there is no other way!"

"What can I do? You should tell me quickly!" Professor Xiong urged.

Bai Shuo glanced at the venue and said loudly: "This method can be boiled down to eight words: supply-side-structural-nature-reform."

After Bai Shuo finished speaking, the audience was quiet for a few seconds, and suddenly became lively. Bai Shuo's words were like a key, instantly opening everyone's thinking and causing many guests to talk about it.

Even several guests on the stage began to whisper. Professor Xiong looked at the audience dumbfounded and repeated the eight words Bai Shuo said to himself.

After a while, when the discussion on the court calmed down slightly, Bai Shuo continued: "Professor Xiong's reason is not entirely wrong, but you focused too one-sidedly on the demand side and completely ignored the supply side.

factor."

"With the end of the crisis and the transformation and development of China's economy, I believe that China's economy will enter a new stage. In fact, it can now be seen that the main contradictions in China's economic development have gradually begun to transform into structural problems. Contradictions

The main aspect is on the supply side, which is mainly reflected in the fact that the supply structure cannot adapt to changes in the demand structure. At this time, demand policies that focus on solving the problem of short-cycle economic fluctuations are not only difficult to deal with the structural problems that arise in the long cycle, but may also

This will further aggravate the structural imbalance, resulting in increased debt, overcapacity and even a decline in growth. Therefore, economic development policies must be adjusted, efforts should be made from the supply side, and supply-side structural reforms should be promoted."

The scene once again erupted into heated discussions.

“This is a very bold point of view!”

"Supply side? Yes, in addition to the demand side, economic growth also has a supply side..."

"This idea is very good, but now it seems a bit empty. How to implement it is still open to discussion..."

At this time, Professor Xiong on the stage also asked blankly: "You...you, the supply side...how to reform, don't just throw out a theory that cannot be implemented and try to fool you!"

Bai Shuo smiled contemptuously: "The supply-side structural reform aims to adjust the economic structure, achieve optimal allocation of factors, and improve the quality and quantity of economic growth. The demand side mainly includes investment, consumption, and export, while the supply side includes

Labor force, land, capital, institutional creation, innovation and other factors. Supply-side structural reform is to start from improving the quality of supply, use reform methods to promote structural adjustment, correct the distortion of factor allocation, expand effective supply, and improve the response of the supply structure to changes in demand.

Adaptability and flexibility, improve total factor productivity, better meet the needs of the people, and promote sustained and healthy economic and social development."

"Specifically, we need to use incremental reforms to promote stock adjustment, optimize the investment structure in the process of increasing investment, open up the industrial structure, and achieve sustainable economic development and continuous improvement of people's living standards on the basis of sustainable and rapid economic growth."

"There is also the need to optimize the property rights structure, advance the country and the people, and promote the mutual promotion of government macro-control and private vitality; optimize the investment and financing structure, promote resource integration, and achieve optimal resource allocation and optimal regeneration; optimize the industrial structure and improve industrial quality; optimize products

structure to improve product quality; optimize the distribution structure to achieve fair distribution and make consumption a productive force; optimize the circulation structure to save transaction costs and increase the effective economic aggregate; optimize the consumption structure to achieve continuous upgrading of consumer goods, continuously improve the quality of people's lives and achieve innovation

— Coordinated — Green — Open — Shared Development…”

"Uh... um... you are doing this behind closed doors. It seems feasible from within China, but you don't consider whether it is in line with the general trend of the international economy?" Although Professor Xiong was not convinced, he no longer had the previous momentum.

Bai Shuo grinned disdainfully: "Why didn't you consider it? The supply-side reform is ultimately to integrate with the demand side. On the other hand, for a long time, the global value chain has been dominated by Western developed countries, and developing countries have always

Being in the middle and low-end links of the value chain, they are stuck in the dilemma of technology dependence and "low-end lock-in". Although developed countries have mastered advanced high-end technologies, their value cannot be fully realized in this deformed economic structure. This is the problem of international finance.

An important source of the crisis."

Professor Xiong: "Um...this..."

Bai Shuo: "As the world economy enters a period of deep adjustment, on the one hand, the structural problems of the global economy have become prominent, and on the other hand, a new round of scientific and technological revolution has brought major opportunities. The world's major economies, especially emerging countries, will gradually respond to the existing

With the global governance system and mechanisms posing challenges, seeking a favorable position in the international division of labor in the new era, and the right to speak in the formulation of international rules, the reconstruction of the global value chain has become an inevitable trend."

Professor Xiong: "You...I..."

Bai Shuo: "The supply-side structural reform will promote the reconstruction of the global value chain. From a domestic perspective, the supply-side structural reform will solve the structural imbalance problem of China's economy, but from the perspective of economic globalization, the final solution

It will be a matter of development of the world economy..."

Bai Shuo didn't give Professor Xiong a chance to interrupt at all. He punched out the things stored in his mind like a combination of punches in one breath, leaving Professor Xiong unable to find the direction or opportunity to fight back.

Seeing Professor Xiong's frustrated look, Bai Shuo secretly said happily: Hey, fortunately, I love learning. Although I did nothing in that life in my memory, I accumulated a lot of theoretical knowledge. I don't know if I have experienced these things in that era.

How many experts and scholars have repeatedly demonstrated and studied it, I wonder how you can find a flaw in such a short time.

Not to mention Professor Xiong, hundreds of guests at the scene were also shocked by Bai Shuo's remarks. Although this was not a profound statement, it was not easy to put it forward in such a systematic manner in a short period of time. It also required the guests to

It was quite difficult to digest it completely in a short period of time. Some people in the venue even took out their notebooks and carefully recorded and sorted out what Bai Shuo said.

Bai Shuo took advantage of his flexible mind and on a whim, in addition to further elaborating on the supply-side reform, he also used the theme of this forum to lead the topic to the development of new economy, new finance, and new trade in the future.

Even novel ideas such as the Internet economy, sharing economy, Internet of Things, digital currency, cloud computing, big data and so on are being thrown out one after another, constantly refreshing the understanding of everyone present.

Professor Xiong on the stage had already returned to his seat dejectedly, and no longer had the same momentum as before.

While Bai Shuo was gushing, he suddenly felt someone push him from behind. Looking back, he saw that the person pushing him was Liang Ying. Bai Shuo was about to ask what he meant, but Liang Ying shook her head slightly.

.Bai Shuo suddenly woke up and returned to his violent state. Indeed, it is too early to throw out some things now.

Because he suddenly stopped speaking, everyone in the audience looked over. Bai Shuo immediately said with some embarrassment: "Haha, I'm sorry, I didn't prepare anything. I just talked nonsense and made everyone laugh. I have occupied too much of everyone."

time, I think it’s better to leave the rest of the time to the guests present.”

After saying that, the scene was still quiet. Bai Shuo awkwardly handed the microphone back to the staff and was about to sit down. I don’t know who took the lead, but the scene suddenly burst into warm applause that lasted for a long time.

"Mr. Bai's speech just now was really amazing. I think his speech gave us too much inspiration and too many surprises. So let's continue to invite our guests on the stage to continue the discussion and exchange with everyone.

"The host finally picked up the microphone and organized the process again.

But at this time, all the guests on the stage looked at each other and said nothing. Everyone knows that whoever is the first to stand up and speak would be stupid. Unless what he said can surpass what Bai Shuo just said, then that is another matter.

.But none of the guests seemed to have such confidence.

The host was depressed, and immediately looked at the guests in the audience and asked: "I don't know if any of the guests in the audience have any questions. You can speak freely."

After waiting for a long time, there was still no response.

The host wanted to cry. He didn't expect that he, who has been in the hosting industry for many years, would encounter such a difficult problem today. What was originally a formality in accordance with the established procedures turned into such a scene. He looked at Bai Shuo's position again.

When they arrived, they found that it was empty... It turned out that Bai Shuo and Liang Ying saw that something was wrong and had already secretly left the place where things were right and wrong.

After this battle, names such as Bai Shuo, Blue Ocean Capital, and Wujiang Company became well-known in the industry. On the contrary, Professor Xiong never set foot in China again for a long time, and the famous "Xiong Cannon" suddenly became quiet.

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