The rise of great powers: starting from military industry

The largest commercial mortgage company in the United States has seen its share price plummet and faces bankruptcy.

The U.S. subprime mortgage crisis worsens!

In order to save the market, the Federal Reserve lowered the window discount rate by 50 basis points to 5.75%!

In just three days, the Bank of Japan injected another 1 trillion yen into the banking system, while the European Central Bank plans to increase its rescue efforts.

The next day, the Bank of Japan injected another 800 billion yen into the banking system. It is conceivable that there are major problems in the Japanese banking system. If there is no such large-scale injection, I am afraid that the Bank of Japan will not be able to hold on.

Even the Reserve Bank of Australia has injected 3.57 billion Australian dollars into the financial system.

After the Federal Reserve lowered the window discount rate by 50 basis points, it injected another 3.75 billion US dollars into the financial system. On the same day, the European Central Bank added 40 billion euros in refinancing operations.

The next day, the Bank of England lent 314 million pounds to commercial banks to deal with the crisis, and the Federal Reserve injected another 7 billion US dollars into the financial system.

However, it can't last a week at all.

In just 5 days, the Fed had to inject another $9.5 billion into the financial system. The next day, the Fed injected another $5.25 billion into the financial system, and then just one day later, it injected another $10 billion into the financial system.

It is conceivable how serious the US subprime mortgage crisis was at this time.

Affected by the US subprime mortgage crisis, Europe, Japan, South Korea, Australia, etc. were all affected and had to rescue the market.

George promised that the government would adopt a package plan to save the subprime mortgage crisis.

But British banks are already thirsty for cash!

The Bank for International Settlements and S\u0026P have different opinions on the severity of the subprime debt crisis.

In just half a month, the Fed once again lowered the federal funds rate by 50 basis points to 4.75%!

The crisis, even China across the Pacific Ocean, felt the chill!

As Europe and the United States fell into crisis, Chinese companies doing foreign trade business suffered setbacks one after another.

After all, Europe and the United States are in crisis, consumption is declining, and the decline in orders has caused China, which has become the "world factory", to encounter difficulties in foreign trade. Some foreign trade companies have gone bankrupt or are on the verge of bankruptcy.

These companies specializing in foreign trade were the first to feel the meaning of the US subprime mortgage crisis!

In order to cope with the crisis, China held a high-level economic meeting and invited representatives from major companies to participate.

The meeting fully listened to the opinions of representatives from all walks of life, and then discussed and gave positive signals.

The government will introduce a series of measures to expand domestic demand, stimulate consumption, lower interest rates and loan thresholds, reduce taxes and fees, reduce the burden on enterprises, and help enterprises overcome difficulties.

The personal income tax exemption amount is planned to be adjusted to 3,500 yuan!

In addition, a series of exemption scopes and special additional deductions have been introduced.

Special additional deductions include children's education, continuing education, major illness medical treatment, housing loan interest, housing rent, support for the elderly, and infant care.

In terms of stimulating consumption and expanding domestic demand, it includes reducing taxes and fees, as well as government investment.

Government investment includes affordable housing, shantytown reconstruction and other affordable housing; rural water, electricity, gas and other livelihood projects and infrastructure; railways, highways, airports, water conservancy and other major infrastructure construction and urban power grid transformation; medical and health, education and culture and other social undertakings development; energy conservation and emission reduction and ecological construction projects; independent innovation and industrial structure adjustment!

Long before, a large-scale survey was conducted and a plan was drawn up.

Now it doesn't matter whether it is a plan to be implemented!

This is just the first step!

Because it is still the US subprime mortgage crisis, it cannot be called a world economic crisis!

The main problem this time is still in the US subprime debt, not China itself.

In recent years, China's economy has developed rapidly and its financial situation is good. The central government has a large amount of fiscal revenue and fiscal surplus, and the debt ratio is very low, which is in a very healthy state.

This crisis is an imported crisis!

Because the world economy has declined and demand has decreased due to the US subprime mortgage crisis, and China, as the "world factory", cannot be immune and is implicated.

This is economic globalization!

Various economies are closely linked, and no one can completely cut off.

But now China seems to have enough strength to deal with the crisis.

A large amount of funds can be used to save the market!

Goods that cannot be exported can be used for internal consumption, expand domestic demand and stimulate consumption.

And one of the most important things here is affordable housing, major infrastructure construction, and urban power grid transformation.

These can all drive economic development.

This time, real estate was not chosen, and real estate was used as a reservoir of funds to drive domestic demand.

After all, 10 million affordable housing units and the construction of a large number of nursing homes and schools are not very beneficial to real estate.

These are central funds, and there are also provincial funds, municipal funds and county funds to match them!

For example, Xiangjiang announced that it would invest 500 billion yuan in large-scale infrastructure in the next five years, modernize some old houses, build a batch of affordable housing, and reclaim 200 square kilometers of land from the sea, that is, 300,000 acres of land. In addition, more hospitals will be built to improve medical conditions in Xiangjiang.

Reading the error-free version! 6=9+book_ba first release novel

When this news came out, it immediately caused a great sensation in Hong Kong.

Before this, for more than ten years, Hong Kong has been discussing about continuing to reclaim land from the sea, but has never really decided to do it.

Every time it was about to be done, environmental organizations, marine organizations, etc. jumped out to obstruct it.

But now it is different, now the Hong Kong government has directly announced it!

200 square kilometers of land can theoretically increase Hong Kong's population by 1 million to 1.5 million. If it is more dense, it is not impossible to increase the population by 2 million.

Similarly, Macau has also launched a large-scale infrastructure plan, and will invest 180 billion yuan in the next five years for large-scale infrastructure.

A large part of it is to vigorously develop Zhuhai's Hengqin Island and Nanping Town, which will serve as a demonstration project for Macau and Zhuhai to jointly build and manage, and integrate Zhuhai and Macao.

While Hong Kong and Pengcheng are integrating Hong Kong and Shenzhen, Macau and Zhuhai have also proposed Zhuhai-Macao integration early.

Unlike Hong Kong, Macau is a good child and an excellent child.

In terms of Zhuhai-Macao integration, it has been exploring for ten years!

Macau also reclaims land from the sea, but Macau actively promotes the integration of Zhuhai and Macau. Hengqin Island and Nanping Town, which are adjacent to Macau, are demonstration projects jointly built by the two sides.

Macau has invested in the construction of primary schools, middle schools, universities and hospitals here, and regards this place as the back garden of Macau's development. A considerable number of Macau residents live in Hengqin Island and Nanping Town.

There are more than one bridges connecting.

With this opportunity, Zhuhai and Macau will invest more funds to develop Hengqin Island and Nanping Town to promote the integration of Zhuhai and Macau.

This time, Xiangjiang also started the construction of Hong Kong-Shenzhen integration.

It is not necessary to build a bridge. The transportation bridge between Xiangjiang and Pengcheng is enough, but other aspects! (End of this chapter)