Chapter 468: The father-in-law and son-in-law discuss the situation

"How is Yu Tongwen?" Chen Mingluo asked Xiao Mingxuedao.

Xiao Mingxue glanced at Chen Mingluo and felt that it was really strange when he asked about this matter, so he slowly asked, "Why are you asking this?"

As a newly promoted member of the Standing Committee of the Provincial Party Committee and the secretary of the municipal party committee of the provincial capital, although Xiao Mingxue is a little lower than that of the governor Yu Tongwen, his actual power is not necessarily much smaller. After all, he directly governs the millions of people in Yangshuo City, and the meaning is still somewhat different.

Of course, from the perspective of great righteousness, Yu Tongwen's reputation will definitely be higher.

Things in the officialdom are about being with the same dust. If you give me face, I will give you face. If you don’t give me face, even if I can’t afford to offend you, it is actually very easy to do something like stumbling behind your back.

Although the governor is the head of a province, the provincial party secretary is suppressed by the provincial party committee, and the leaders of various cities and cities below have different ulterior motives and different interests. It may not be so easy to do things. Although it is equivalent to the vassal of the border officials and princes, if their butts are not clean or their personalities are weak, they may not be able to suppress so many officials.

When Chen Mingluo asked Xiao Mingxue about Governor Yu Tongwen, it was naturally related to my son Chen Tongda's career. Otherwise, he would be full and he would be full. Is it useful to care about these things?

There are some considerations when asked about Xiao Mingxue. After all, the root of Xiao Mingxue is in the capital. At this time, Yu Tongwen was a cadre released from the capital, so he naturally asked him the clearest.

"Just ask-" Chen Mingluo replied, seeing Xiao Mingxue's dissatisfied attitude, he added, "I think this person is a bit unreliable and seems to be a little disliked by the work in Mingyang City."

"What's the matter? How long has Governor Yu come to Xiling for so long? How could he have any prejudice?" Xiao Mingxue gave Chen Mingluo a blank look, took a sip of tea, and then said, "This person is very talented. When he was in the Ministry of Water Resources, he did a lot of projects and was a person who did practical things."

Xiao Mingxue did get some basic information about Yu Tongwen and news about the news through his relationship in Beijing. At this time, he was not afraid to tell Chen Mingluo. After all, this is his prospective son-in-law, so what can I not say?

The most important point is that at home, everyone’s mentality is more relaxed and comfortable.

"I can't tell this-" Chen Mingluo picked up the teapot and added some water to Xiao Mingxue, and then asked, "What kind of projects have been done? Is there anyone I've heard of?"

Today, among Xiao Mingxue, Xiao Mingxue and Xiao Xiao and Chen Mingluo, there are four people. However, at this time, Xie Lu and Xiao Xiao were all going to prepare dinner. Chen Minglu and Xiao Mingxue were having tea and chatting in the living room, and were happy.

The tea was cooked by Chen Mingluo himself, using bottled spring water specially pulled from Hupao, Hangzhou. It was made by air. In fact, it was the water of the day. However, Chen Mingluo could not have someone send the water directly to Xiao Mingxue's family, otherwise he would not know how big the matter would have happened.

He first brought someone to his Wangshuoshan villa, then changed to a large bucket of ordinary local mineral water, and drove it to Xiao Mingxue's house.

When Xiao Mingxue saw him doing this, he was a little puzzled. He told him why he was so troublesome. The quality of tap water in Yangshuo was still good, so Chen Mingluo smiled and said nothing, but he did his own thing.

After he did this, Xiao Mingxue's family must have used the water they cooked and ate. They used the bottled water sent by Chen Mingluo. After eating it for a while, they found that the fruit was indeed a little different. It was delicious if you make tea, but it felt different.

When Xiao Mingxue learned about this, Chen Mingluo just said that it was mountain spring water, so he would not say anything else. Although Xiao Mingxue was a little puzzled, he could not have thought that this was actually a spring water transported from Hupao, thousands of miles away, which was specially transported by Hupao, which was thousands of miles away. Speaking of this cost, it was really a bit high.

Xiao Mingxue took a sip of tea and thought that his son-in-law was a powerful man. He said a while ago that he would support his vigorous development in Yangshuo, and he invested 1 billion. Now, due to the impact of the Southeast Asian financial crisis, some export-oriented enterprises in Yangshuo have not had a good life. The exports are weak and the enterprises are running difficult. He, the secretary of the municipal party committee, also felt a little scratched. Although it was mainly the municipal government that was worried, as Xiao Mingxue, who was accustomed to doing practical things, he still couldn't sit still.

For a while, he was determined to let Chen Mingluo put in some more effort.

According to Xiao Xiao, this kid has been to Hong Kong for more than half a month and seems to have gained a lot. It is time for him to spit out some oil and water.

Xiao Mingxue casually told Chen Mingluo several famous water conservancy projects, and then said, "The exports have dropped sharply recently, and export-oriented enterprises are very difficult. Do you see if you can help me or something?"

However, after Xiao Mingxue finished speaking, he saw that Chen Mingluo seemed to have no reaction. Instead, he sat there thinking about things in a daze. He couldn't help but feel a little unhappy. He thought that even if you don't agree, you should have a squeak. Is it true that you treat your father-in-law like this?

Xiao Mingxue sat here thinking hatefully, but Chen Mingluo's heart was a little up and down. Xiao Mingxue had just talked about several projects. Chen Mingluo thought about it carefully and found that they were all shoddy projects that he had remembered clearly!

To put it this way, the new governor Yu Tongwen is really a bruised official. He doesn't worry about him anymore. Any problem of any project is exposed, and he can't afford to take care of it. If he makes up his mind to expose all these projects, he will not be able to protect him.

"The problem that Uncle Xiao mentioned is actually quite complicated. I'm afraid there is no better solution for a while-" Chen Mingluo was not completely clear about what Xiao Mingxue was talking about. He was just shocked by Yu Tongwen's "glorious political achievements" and did not react for a while.

Anyone who hears that a governor’s political achievements relying on for fame will be a famous shoddy project, probably will be greatly shocked, especially for a guy like Chen Mingluo who wants to catch Yu Tongwen’s handle, which is naturally even more so.

I used to think this person was a character, but now I look really soft and I can pinch it anyway. Chen Mingluo's heart is naturally very comfortable.

However, the question raised by Xiao Mingxue also made Chen Mingluo feel a little difficult to deal with. After all, this was something raised by Xiao Mingxue. Just paying money to deal with it is nothing. It’s just that the money cannot be invested in the right place and the effect cannot be produced, so it will be a little lost.

Seeing Xiao Mingxue's face unhappy, Chen Mingluo had to say, "Investment is nothing. One billion or two billion can still be obtained. It's just that it's related to your political achievements and the use of funds. You still need to have a better overall consideration, otherwise it will not play the biggest role!"

"Billion and two billion--" Xiao Mingxue nodded, thinking that this was not much.

Shortly after he arrived in Yangshuo, he could bring in 12 billion financial aid as soon as he opened his mouth. This is a very face-saving thing, but what Chen Mingluo said makes sense. It is easy to get the money, but it is indeed a very serious question to invest in what project to get the greatest return.

"Speaking of this financial crisis, this time, has a great impact on the economy." Chen Mingluo couldn't help but feel a little moved when he remembered his period in Hong Kong.

In fact, in the first three quarters of last year, due to the positive factors of Hong Kong's return to the motherland, Hong Kong's economic growth rate exceeded 6, showing a prosperous scene. People are full of confidence in the healthy development of Hong Kong's economy after the return.

But on the second day after Hong Kong's return, after a few days of close contact with international speculators, all the US dollar reserves of the Thai Central Bank were exhausted and failed to stop the market's selling of the Thai baht. Thailand was forced to abandon the fixed exchange rate system, and the Thai baht was leaked for thousands of miles, opening the prelude to the Southeast Asian financial crisis.

At first, Hong Kong was not affected much, but with the careful planning and operation of international speculators, the crisis spread rapidly in just two months, and the Philippines, Indonesia, Malaysia, and South Korea were involved one after another. Stock markets collapsed and currency depreciation in most countries and regions in East Asia.

In late October last year, after Taiwan abandoned the New Taiwan Dollar, Hong Kong was already a dangerous city that was swaying in the storm.

"At that time, although the Hong Kong stock market trend was good, it was already suspected of being overheated and accumulated a large pressure of decline. In this case, international speculators targeted the Hang Seng Index and adopted a two-pronged strategy of stock market and foreign exchange market, in an attempt to make speculative profits from the stock market plunge and the depreciation of the Hong Kong dollar." Chen Mingluo told Xiao Mingxue, "In less than a year, the stock market value shrank by more than half. In the foreign exchange market, international speculators frantically sold Hong Kong dollars. In order to maintain the linked exchange rate system, the Hong Kong monetary authorities had to repurchase a large amount of interest rates, and the money supply plummeted, causing a large amount of funds to be withdrawn from the stock market, further exacerbating the decline of stock prices."

"As far as you can see, how long will this financial crisis affect Hong Kong?" Xiao Mingxuewen said.

It is not because he is concerned about the economic situation in Hong Kong, but because many export-oriented enterprises in Yangshuo have close cooperation with Hong Kong. The impact of this financial crisis has led to the bankruptcy of many Hong Kong Ocean Trading Companies and many trade relations being broken. They have suffered a heavy blow in a while. If you want to recover, it depends on the recovery situation in Hong Kong.

"It will take at least three years. If it is fully restored, it will not be five years long." Chen Mingluo replied with great certainty.

In fact, for Hong Kong, the impact of the financial crisis has put the overall economy in a dilemma that has not been seen in many years.

The plunge in the stock market has greatly affected investors' confidence. The amount of funds flowing into Hong Kong has decreased, and the number of new listed companies and trading volume has also dropped sharply, which has directly affected the development of Hong Kong's economy.

As an economy with high dependence on foreign trade, trade can be regarded as an important engine of economic development. During this storm, the Hong Kong dollar adhered to the linked exchange rate system and did not depreciate during the depreciation of currencies in Southeast Asian countries. At the same time, external demand was weak, resulting in a significant decline in Hong Kong's exports.

Service trade is also on a downward trend. Similar to the weak external demand caused by the financial crisis, Hong Kong's internal demand has also fallen into weakness, private consumption and fixed asset investment continue to decline, and domestic and external demand is sluggish at the same time, causing the economy to eventually stagnate and even recession.

"The impact of the financial crisis is not only reflected in the bursting of the original bubble economy, but also in the impact on the real economy." Chen Mingluo explained, "Hong Kong's economy has accumulated a large number of bubbles in its rapid development over the years, especially in the real estate market. The inflated real estate prices cannot withstand the test of the financial crisis, and the sharp decline in asset prices has led to the bursting of the bubble, which has triggered a serious wealth shrinkage effect, greatly suppressed internal demand, and directly affected investment in the real economy."

The direct impact of the economic recession is the rise in the unemployment rate. In the year after the return, the unemployment rate has more than doubled. This is the highest level of Hong Kong's unemployment rate in 22 years. Unemployment has become a prominent problem that plagues Hong Kong society for a time. The resulting uneasiness of the people has aggravated the panic, and the confidence of the people in the economy has been severely hit. They hold money and dare not consume it, causing a recession in the retail industry, business bankruptcy, and the unemployment rate to rise. The resulting vicious cycle has aggravated the difficulty of economic recovery.

"The first priority is to restore the confidence of the people and investors in the Hong Kong economy, such as tax reduction measures, increasing public expenditures in housing, transportation, etc., to reduce the burden on the people and increase confidence. Also, expand infrastructure investment, develop innovative technology, stabilize the financial system and housing policies, and strengthen talent training, etc. These are all things that the government must do during the economic depression." Chen Mingluo said again.

After hearing this, Xiao Mingxue nodded and thought that in a short period of time, Yangshuo also needs to vigorously expand domestic demand, infrastructure and other things must be done, and some original export-oriented enterprises also need to be upgraded and transformed. After all, products with too low added technology still do not have much market, and they can only rely on cheap to sell themselves. This situation has nothing to do at the beginning, but as the times develop, it is not a wise move to do this.

When the two were still in detail, Xie Lu called for two people to have dinner. Seeing that the two people were having a good time, she asked with some doubts, "The meal is ready, I said, where did you guys come from so many national affairs to discuss?"
Chapter completed!