Ya Nei of Rebirth

Chapter 2040: Draw the sword! (Part 1)

Liu Jun was not idle, and Liu Jincai and Guo Qiliang were not idle either.

While convening the National People’s Congress, measures to deal with the financial crisis were urgently deployed.

It was already nine o'clock in the evening, but the small conference room next to the Prime Minister's Office was still brightly lit and full of distinguished guests. Counting carefully, this office is currently home to the most elite figures in the economic management team of the Republic.

This meeting was convened by Liu Jincai. It is not accurate to say that it was a meeting. The format was more like the private party held by Liu Jun and others last night, but the location was changed from Qiushui Hotel to the conference room of the Prime Minister's Office.

The layout of this conference room is relatively "classical". It is not the style of conference rooms that can be seen everywhere nowadays. It still retains the style of the 1950s and 1960s. There is no conference table, just a circle of wooden sofas, and the participants sit in groups.

In the middle position, it must be Liu Jincai.

Jiang Xiangjie, member of the Standing Committee of the Communist Party of China and Vice Premier of the State Council, sits on Liu Jincai's left, and Guo Qiliang, member of the Communist Party of China and Vice Premier of the State Council, sits on his right.

In addition to these two people, Liu Jun, an alternate member of the *** Bureau and Chairman of the Provincial Party Committee of D, sat under Jiang Xiangjie.

Liu Bin, Director of the National Development and Reform Commission, Li Shaojie, Governor of the Central Bank, Qi Kai, Chairman of the China Banking Regulatory Commission, Zhang Yongzhi, Director of the State-owned Assets Supervision and Administration Commission, Yue Shuhong, Chairman of the China Securities Regulatory Commission and other leaders in the financial management system were all present.

At first glance, it looks like a small top financial meeting.

Because of Liu Jun's participation in the meeting, the meeting had a "private nature". It is estimated that this was also during the two sessions, and Liu Jun happened to be in the capital, so it was a good time for the meeting. Liu Jun's response at the *** Bureau meeting

Everyone is very clear about the plan for the financial crisis, and no one is surprised that Liu Jun appeared at this meeting.

It is very normal for the top financial meeting to invite the provincial party committee secretary of the country's largest economic province to attend the meeting.

Liu Jincai's eyes slowly swept over everyone's faces, and he said with a smile: "I'm sorry, everyone. I'm sorry to invite you all here so late..."

Everyone also had smiles on their faces. It was a purely symposium, and the atmosphere was still relaxed. Liu Jincai's rigorous requirements for work are mainly reflected in formal meetings.

"The Ministry of Foreign Affairs has confirmed that US Treasury Secretary Martin is planning to visit our country in April this year. So everyone is invited to come over and discuss how to deal with this matter."

Liu Jincai said calmly.

Everyone's faces became solemn again unconsciously.

Everyone here is very clear about the purpose and reason of Martin's visit.

After the resolution was made at the National Security Council meeting at the end of last year, our country immediately took corresponding measures to gradually withdraw from foreign financial markets and recover funds step by step. However, the funds we have invested in foreign financial and bond markets over the years are too huge.

Although it is a planned sell-off, it has also attracted widespread attention in the United States and European countries.

It is completely impossible to keep such a national or even global top-down move secret. European and American countries should have a relatively good understanding of our response strategies.

In other words, they can see our action of drawing the sword!

This made the United States very alert and held several meetings in succession to discuss countermeasures. Martin's trip was related to this matter.

Guo Qiliang said calmly: "I think they are anxious and want to make a promise from us."

What Guo Qiliang said was very straightforward, but he hit the nail on the head.

Liu Jun smiled slightly and said: "That's right. Looking at the way the U.S. government responds to the economic crisis, it is disaster shifting. They have used this trick many times, and it works every time. This time they may have smelled danger.

.”

Since it is a symposium, the rules are not so strict and speaking order does not have to be followed.

Liu Jincai frowned slightly and said, "It works every time, but it may not work this time."

The Prime Minister's words immediately lifted the spirits of everyone present. There is no doubt that Liu Jincai has made up his mind to seek the greatest national interests in this upcoming crisis.

"Comrade Xiang Jie, what do you think?"

Liu Jincai turned to Jiang Xiangjie.

Jiang Xiangjie nodded and said: "During this period, I have communicated with Comrade Qiliang and other comrades, prepared a preliminary plan, briefed the comrades, and asked the Prime Minister for instructions!"

Liu Jincai nodded slightly and said, "Please tell Comrade Jie."

Jiang Xiangjie did not take the information, but stood up for a while and said: "The first step is what we are already doing, divestment! Gradually cash out our investments in overseas financial markets and bond markets and withdraw them into the country. At present,

Our total investments in financial and bond markets around the world are approximately..."

Jiang Xiangjie told a statistic, which is very large and accounts for almost half of our total foreign exchange reserves.

The Treasury bonds and other securities issued by the United States amount to trillions of dollars, 80% of which are purchased by the American people, and 20% are in the hands of other countries. Among them, our country is one of the major bond purchasing countries. In addition, Russia

And *** also purchased more bonds.

The plan Jiang Xiangjie mentioned is to sell off about one-third of the bonds within the next six months. The bonds retained are mainly U.S. Treasury bonds and derivative bonds issued by Fannie and Freddie. Fannie and Freddie are sponsors of the US government.

In a sense, the U.S. government provided an indirect guarantee for the derivative bonds issued by Fannie and Freddie.

Hearing this, Liu Jun frowned slightly.

The second step in Jiang Xiangjie's plan is to immediately establish a financial firewall. Within the next six months, the central bank and the China Banking Regulatory Commission will dispatch inspection teams to all larger financial institutions to conduct all-round monitoring. Provincial branches of commercial banks in various countries and above

All institutions must have an inspection team stationed there. The State-owned Assets Supervision and Administration Commission will also implement such a plan and send inspection teams to key state-owned enterprises to ensure that these financial institutions and key central enterprises implement the deployment of the State Council and gradually withdraw funds.

It should be said that this step is very practical and very necessary.

Due to various reasons, the loss of state-owned assets has been serious in recent years. Some people, especially powerful figures in financial institutions and state-owned enterprises, "transport" state-owned assets abroad through various financial channels under the guise of investment for their own selfish desires, and then through certain channels.

The financial operation method is to take these assets as your own.

If the plan of this inspection team can be effectively implemented, there is no doubt that these black hands will be cut off and the security of the financial system will be ensured.

The implementation of these two steps is to recover our funds in the field of foreign virtual asset investment. But such a huge amount of funds cannot be held in our hands without any effect.

Therefore, the third step of Jiang Xiangjie’s plan is to shift from investing in virtual assets to investing in physical assets.

In view of the formation of my country's export-oriented economy, even if products shift to domestic demand, the external dependence on resources and energy will be difficult to change in the short term. The supply of resources and energy is the fundamental guarantee for national economic security in the future.

Jiang Xiangjie first set his sights on Central Asia. Central Asia is a center of resources and energy. Analyzing from the international trend, because of the Iraq War, the United States is now deeply trapped in the Middle East and unable to extricate itself. Europe is beyond its reach. Russia is also due to its own problems and the problems in Central Asia.

They are deeply concerned about ethnic issues, which has resulted in the phenomenon of hollow power in Central Asia.

Jiang Xiangjie believes that our country should focus on operating in Central Asia in the next step. If we can successfully penetrate, the benefits are obvious. Not only can we obtain energy supplies from Central Asia, but we can also break the strategic oppression of Western countries against us.

The new direction of recycling funds, in addition to Central Asia, Jiang Xiangjie believes that foreign companies with potential can also be targeted. Of course, this is difficult to implement. European and American countries are very wary of this, especially financial institutions and strategic industries, and they are very cautious about foreign investment.

There are very strict restrictions on entry.

However, difficulty does not mean that it is completely unfeasible. There are always opportunities.

The fourth point in Jiang Xiangjie's speech is similar to what Liu Jun and Gong Zhaoli talked about yesterday about supporting export-oriented enterprises.

At this stage, these foreign trade export-oriented enterprises are still very important to us. Whether from the perspective of solving employment problems or social stability, it is necessary to do our best to support these enterprises and help them tide over difficulties.

The plan proposed by Jiang Xiangjie is to select some companies with good potential and consistent performance, directly use foreign exchange subsidies to purchase products, and resell them into the domestic market to drive the growth of domestic demand.

To achieve this, Jiang Xiangjie pointed out that it is necessary to further suppress the abnormal development of the real estate market and the stock market. To avoid the flow of large amounts of funds to these two markets, we can minimize the losses of the domestic people when a crisis breaks out.

At the same time, the weakening of speculation in the real estate market and stock market can also prompt the diversion of funds to support real industries.

These measures were all necessary, and the members attending the meeting listened with rapt attention. But next, Jiang Xiangjie proposed a step that still surprised everyone.

Jiang Xiangjie proposed to change the foreign trade system and set price limits. It is necessary to set price upper and lower limits for bulk foreign trade products, strategic resource products and products that affect national economic security. Internal and external collusion is strictly prohibited to lower export prices and increase import prices in disguise. Especially in finance

Disguised price plunder in transactions must be dealt with more strictly.

This makes sense. To everyone's surprise, Jiang Xiangjie proposed to gradually use my country's currency for settlement in some areas of foreign trade instead of using US dollars for settlement.

In fact, one of the keys to the United States' global hegemony in the economic field is the hegemony of the U.S. dollar. The forced use of U.S. dollars for settlement puts the domestic currency in a completely passive and weak position.

If the domestic currency can be used for settlement in some areas, such as exports, it will be a major change. However, this will lead to a decline in foreign exchange reserves, which is a problem that many people are worried about.

Jiang Xiangjie is really brave to propose this step now.