Vol 6 Chapter 609: problem
Everyone naturally knows this.
The United States completely put aside the previous practice of non-interference in the market and spent huge sums of money to rescue the market. It was proclaimed by various domestic media rushing to first, because it was a victory for the planned economy.
Therefore, even though the reports did not clearly point out this point, the lines were filled with excitement.
Dongfeng, this time it really overwhelmed the west wind.
"From the perspective of the economic conditions of all countries in the world at this time, I think that this move by the United States will soon be followed by many countries, because we know that the representatives of old Europe, Britain, France and Germany, are not having a good time at this time.
"I have a relatively clear understanding of the current situation in the United States. It should be said that such rescue measures are necessary and very necessary,"
"The U.S. economy is really on the verge of collapse. Financial institutions are facing huge difficulties. Therefore, their credit market has stalled. This means that all companies cannot get financial institutions’ Financing,"
"At the same time, financial institutions are still recovering the previously lent money in order to protect themselves,"
"If this situation continues, I think everyone can imagine what it means."
what does this mean? That's easy to guess.
Someone couldn't help but take a breath.
Everyone knows that because of the construction of the backbone logistics network, the group has also increased its financing in recent years. Even if they are all borrowing from banks, other domestic companies are naturally no better.
Of course, it mainly refers to large companies, because those small companies are difficult at any time, or it is impossible to get loans from banks.
State-owned enterprises don’t talk about it. They take out loans just like most young people buy houses and rely on their parents to pay the down payment.
Most of the domestic companies that are qualified, to a large extent, rely on bank financing to develop, and the debt ratio is above 70%, which can be said to be everywhere.
As long as the bank stops lending while accepting the previous loans, I am afraid that there will be a large number of companies that seem to be promising today, and tomorrow will fall because of the break of the capital chain.
Some people can't help but gloat a little because of this. In that case, this American emperor is currently in dire straits!
Have fun!
But some people are not happy, mainly those companies that have export sales. Although the Autumn Fair will only be held next month, they have already felt the coolness.
After several months of development, the consequences of the US and EU’s financial crisis have been passed on. Not to mention new orders, many old orders that have not yet been executed are currently unstable.
In the case of furniture companies, there are still export exports, but exports will definitely stagnate by the end of the year at the latest.
Although in the past two years, they have been insufficient in production capacity and in short supply. In order to meet the needs of export and Meijia as well as the original domestic customers, they have been cultivating a large-scale OEM system, but suddenly they are both domestic and export. With the leg supported by the domestic market, the benefits of the company and individuals have plummeted. How can it be comfortable?
"When the major European and American countries start to rescue the market, when the rescue becomes a mainstream practice," Feng Yiping paused, "I think our country will definitely consider relevant measures,"
Jin Ling said, this is what I worry about.
"From the perspective of resolving the financial crisis, this is very necessary, whether it is the rescue plan that the United States is intensively underway, or the rescue plan that other countries will soon follow up, no matter how much they invest specifically, it is more popular. In other words, the main and primary goal of their rescue is faith."
"Especially this financial crisis, in the final analysis, it is a crisis of confidence,"
"As long as the people's confidence is restored, then most of the problems currently facing, without assistance, the market will solve it by itself,"
"At the same time, from the specific situation of the domestic economic operation, we all know that there are already a large number of companies in the southeast coastal area that cannot start work. Part of them also returned to their hometown early because of the shutdown of the factory."
"Regardless of the strength of the rescue in Europe and America, the poor export situation will last until the end of next year or even longer."
"Therefore, I speculate that by next year, many companies along the southeast coast will not be temporarily suspended, but will go bankrupt."
"Even mass bankruptcies,"-he was impressed.
"Then, in order to ensure employment and growth... it is indeed necessary to introduce a relevant rescue plan,"
This is not surprising to everyone. Our country, but in the current economy, the most experienced country in planned economy, similar methods are what we are good at.
"Combined with the valuable experience in the development of other economies, such a plan is also very necessary. From the reform and opening up to the present, we have maintained double-digit high growth for many years, and such a growth trend is not like we drive , Accelerate and decelerate as you like,"
"In this regard, once growth slows, it will not be possible to increase to the original level,"
"For the relevant situation, you can look at the performance of the Asian Four Little Dragons after the Asian financial crisis-there are actually many similar situations,"
"The consequence of their economic slowdown is that they originally seemed very promising to join the ranks of developed countries, but now they have lost such hope,"
This point is yet to be realized by many people.
Xiao Zhijie whispered to Wang Changning, "Middle income trap,"
Wang Changning hit him with his thigh under the table, "Concentrate,"
"The amount of funds our country will invest in the rescue this time is unpredictable at present," 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, the US bailout funds are only equivalent to 5% of their gross national product last year and 28% of federal fiscal revenue. If this ratio is used, we It will probably invest more than RMB 1 trillion,"
"Because our gross national product last year was approximately 24.5 trillion yuan, tax revenue was nearly 5 trillion yuan, and public fiscal expenditures were approximately 4.9 trillion yuan,"
Wang Changning knew that Xiao Fatty, who is sensitive to numbers, would not let go of such an opportunity to show off.
Feng Yiping’s speech continued, "What we have to consider now is this is the plan, what impact will it have on our development,"
"Although I am uncertain about the scale of the rescue investment, I believe everyone can guess some of the relevant directions."
This time, Wang Changning said in a low voice, "Infrastructure,"
Feng Yiping saw the mouths of many people, "Yes, in addition to post-disaster reconstruction, infrastructure construction will be a focus,"
In his impression, 2008 was a demarcation point. After 2008, the development of highways and high-speed railways has entered the fast lane.
Together with the "Village Link" project implemented later, it can be said that from this year on, our traffic conditions will be comprehensively improved.
"This is of course a very powerful measure for economic development and for the development of our company."
"Even our e-commerce company, 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 people, materials, energy and information to move to any place unimpeded,"
"It can be said that without the smoothness of the physical network, there would be no smoothness of the virtual network, no ubiquitous, convenient, and low-cost physical network. The new economy represented by e-commerce ~www.wuxiaspot.com~ is a castle in the sky. "
"let alone our other companies,"
"The state has concentrated on increasing investment in infrastructure construction. This is undoubtedly good news for the development of our two groups. However," he said, "are there any partial adverse effects?"
Feng Yiping stood up again, "I think there will be too,"
"Because of the construction of the backbone logistics network, we have also invested heavily in infrastructure in the past two years,"
Lao Ma frowned again.
"So, if the country and local governments start large-scale infrastructure projects together, will they 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 calculated it. As long as these two items rise by more than 10%, the increased investment will be...Hey, it's incredible!
"And, will this affect the cost of land acquisition for some of our new projects?"
Now, more company leaders frowned.
"Also, generally speaking, such a stimulus plan is always accompanied by an increase in inflation. What impact will this have?..."
"Everyone, hurry up and think about it, there are some things, we have to plan early,"
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