Chapter 66 (1/2)
Looking at the whole six point view, Xiao Qi smiled from his heart.
Dad is worthy of being dad. He is indeed a very talented person. Although he is far from the summary level of several economists in the future, he should pay attention to that. Now what Dad says is not a summary afterwards, but a warning issued in advance. The meaning of the two is completely different.
Those who give warning in advance are called financial experts. According to the summary afterwards, they are called after the horse. Of course, the attention they can attract is not comparable.
Moreover, Xiao Xu's language style is as sharp as in the past, especially the image of the collapse of the RB bubble economy. It is obvious that we can compare the similarities and differences between the Chinese and the current Chinese countries.
Due to the increasingly serious dependence of local finance on land sales and the rapid rise of house prices, local finance will be kidnapped first, which will lead to the inclination of local financial expenditure to real estate and bank funds to higher profit real estate, resulting in the difficulties of small and medium-sized enterprises that really continue to use bank credit for turnover, and even large-scale bankruptcy due to the interruption of capital chain.
The rapid rise of house prices will inevitably lead to the decline of people's living standards, because everyone will save money to buy a house, resulting in a sharp decline in domestic demand, which will once again hit the viability of small and medium-sized enterprises.
The rapid rise of house prices will cause those who invest in real estate to obtain very rich profits. Even those who speculate in real estate, the profits are several times higher than the profits of 10-15% of the manufacturing industry, resulting in the flow of capital towards real estate that is easy to make money. In other words, the bosses of the manufacturing industry will no longer manufacture goods, but directly speculate in real estate, As a result, a large number of small and medium-sized factories closed down.
The rapid rise of house prices, combined with the reduction of export profits caused by the appreciation of RMB, has exacerbated the exit of factory owners, and the number of closures of small and medium-sized factories has increased again.
The small and medium-sized enterprises' capital leaving the real estate and investing in real estate will, in turn, cause the real estate price to rise again, and the housing bubble will increase sharply, thus affecting the real economy. This cycle will form the vicious circle of the real economy and impact the main economic lifeline of the country.
Ordinary people regard these two comments as fun articles, but when their eyes rise above the provincial level, many people begin to reflect.
There are not many small and medium-sized factories in Shuchuan, and fewer rely on export for a living, so the feeling is not so profound.
However, the leaders in eastern Guangdong and Jiangsu and Zhejiang felt quite frightened when they saw the two articles.
Especially when we combine our own local actual situation, we more agree that this comment and prediction is reasonable, at least for a certain reason. The development of things seems to be following what the rising sun said.
On the afternoon of Saturday, November 25, Yu Chengsheng, XX book in Shuchuan Province, received a call from Mu Xuefei, a former classmate of XXXX school and now XX book in eastern Guangdong Province.
In terms of official positions, both of them are provincial XX books and records. However, due to the particularity of eastern Guangdong, the ranking of provincial XX records in XX is far higher than that of senior provincial officials in Sichuan.
However, Mu Xuefei is very elegant, has his own set of ideas in speaking and doing things, and is not arrogant and strong, so he has a good popularity among the students of XX middle school.
After a burst of greetings, Mu Xuefei suddenly asked, ”Chengsheng, how about you lend me someone?”
Yu Chengsheng was stunned, but he was calm on the surface, ”ha ha, Lao mu, are you kidding? There are so many talented people in eastern Guangdong. Why did you come to Sichuan to borrow people? ”
”There are talents everywhere, and there are not all talents in East Guangdong.” Mu Xuefei smiled brightly, ”don't worry, I don't borrow your confidant. I'll borrow a newspaper commentator. I want to learn from him about several aspects.”
”Oh? Which commentator can stir up your admirers? ” Yu Chengsheng was really surprised at this time.