The rise of a great power: starting with military industry

Chapter 874 Overheating?

Entering 94, the world economy seemed to be recovering.

After the economy experienced a downturn in the first four years of the 90s, it began to improve more comprehensively in 4. This seemed to become a feature of the world economy in 1994. Another feature was the rapid development of regional economic groupings.

In 1990, 1991 and 1992, the average growth rate of the world economy was only about 1%. This conclusion was drawn because China maintained an annual growth rate of 12% during these three years.

In many countries, economic growth has been unusually slow, or even negative.

There is more than one bankrupt country.

Japan, the world's second largest economy, has experienced consecutive negative economic growth after its economic bubble burst.

However, the Japanese yen continues to appreciate against the US dollar, which is extremely strange.

Japanese products are rapidly losing their competitiveness.

In recent years, Japan's action romance films have experienced rapid prosperity and growth, conquering the world and grabbing market share. Even Europe and the United States have been defeated by Japan in this area.

By 1993, as the United States took the lead in solving domestic economic problems and drastically cut interest rates, the economy began to improve, and the average growth rate of the world economy reached 1993% in 1.4.

When China announced its development data in January, it still showed the familiar 1% economic growth rate.

This is the 14th consecutive year that China has maintained an economic growth rate of 12% in the statistics released to the public.

By 1994, the world economic growth rate reached 3% in the first quarter, which was significantly better than in 1993 and much better than before.

Although the new US government suffered a huge loss in Somalia and became an international laughing stock, its economic achievements have prevented its approval rating from falling much.

In China, discussions about economic overheating have once again arisen.

At this time every year, there is always a wave of discussion about economic overheating, and this discussion has been going on for ten years now.

This kind of discussion occurs every year, as if economic overheating will lead to the destruction of the country and the race.

Liu Tao couldn't help but smile as he watched the news.

Regarding this kind of discussion, Liu Tao thinks that those who take a clear stand are either truly concerned about the country and the people, or they are stupid or bad.

What’s the problem with good economic development?
Does economic development have to be bad to be good?

You should know that since the reform and opening up, China's actual economic growth rate has reached an average annual growth rate of 30%. According to the current statistical method, China's GDP has reached 98857.3 billion yuan, equivalent to 2.6 trillion US dollars.

After all these years, nothing has happened.

As the economic scale increases, the growth rate has slowed down, but it can still maintain an economic growth rate of 15%.

The country has invested a lot of money in infrastructure construction, and it is an indisputable fact that the country's overall national strength has been significantly strengthened.

But some economists seem to be blind to this. They hold on to economic theories learned from Europe and the United States, and worry about the country and the people all day long, as if the sky is about to fall. They cannot see that China has built highways and high-speed railways, ports and docks, and built a large number of houses to improve residents' living conditions. They also cannot see that Chinese cities are building roads and parks.

They also fail to see the improvements in China's food, clothing, housing and transportation. They fail to see that China no longer has a situation where the entire village, town, or county goes out to beg when there is drought or flood. They also fail to see that the food on people's tables has gotten better, that education has improved, and that wages are constantly increasing and people's incomes are growing rapidly.

They fail to see that in less than twenty years since the reform and opening up, China has become the de facto world factory. Every day, cargo ships loaded with Chinese-made goods depart from Chinese ports and are shipped all over the world.

What's more, they fail to see that the Japanese now have to import refined oil from China, and fail to see the international competitiveness of Chinese products, which cover the entire range from low-end, mid-end to high-end products.

When Liu Tao saw some economists calling for complete marketization and leaving all economic activities to the market, he sneered.

Look at Roosevelt’s New Deal back then. Wasn’t it government intervention that saved the economy and pulled the United States out of the economic quagmire, allowing the United States to make a fortune in World War II, attract a large number of European scientists, and thus establish its dominant position?
Has the United States interfered too little in the market economy over the years?
Don’t they look at the European and American countries now? There is no government that truly does not intervene in the market. Instead of trying to persuade the European and American governments, they want to persuade China?
It’s ridiculous!

Look, it is suggested that the country cancel industrial policies, cancel tax rebates, and cancel industrial training? ?
Tsk tsk tsk!
Liu Tao sneered at what he saw.

Industrial policies and tax rebates are actually the state giving money to enterprises so that enterprises can have more money to use for development.

Industrial training is to improve workers' skills and enable companies to have a clearer understanding, so as to continuously upgrade the industry.

On the one hand, they say that taxes are too heavy, causing great pressure on businesses; on the other hand, they say that money should not be given to businesses.

Well, they have said all the good things and are invincible.

Sometimes Liu Tao couldn't help but feel fortunate that the country was not dominated by these people, otherwise the consequences would be disastrous.

On this day, a delivery ceremony for a 40-ton oil tanker was being held at the Yangcheng Shipyard.

This is the largest tanker built by Yangcheng Shipyard and the first 40-ton tanker successfully built.

This also means that the Yangcheng Shipyard has mastered oil tankers of 40 tons and below, and the only ones left to conquer are 50-ton tankers.

The delivery ceremony was very grand, and even reporters from major media outlets were invited to attend.

The milestone achievements made by Yangcheng Shipyard in recent years represent the highest level of development of China's shipbuilding industry.

Whether it is a warship or a commercial ship.

So far, all the ships manufactured by Yangcheng Shipyard are large ships, and all small and medium-sized ships have been transferred to other shipyards such as Mawei Shipyard.

Now Yangcheng Shipyard has mastered the fourth-generation container ship construction technology, and its container ships can carry a total of 4400 containers.

The so-called fourth-generation container ship is a container ship that is larger than ever before and is designed to be able to pass through the Panama Canal. The total number of containers loaded is increased to 4400, and high-strength steel is used. The weight of the ship is reduced by 25%. The development of high-power diesel engines has greatly reduced fuel costs. Due to the increased degree of ship automation, the number of crew members has been reduced, and the economy of container ships has been further improved.

Now Yangcheng Shipyard is working on the fifth-generation container ship, which means that the container can carry 4800 TEUs. The only disadvantage of this type of container is that it cannot pass through the Panama Canal, which means it cannot be used for transportation to the east coast of the United States.

In addition, we are also developing container ships that can carry 8000 TEUs, which will further increase the loading capacity of container ships and further reduce transportation costs.

(End of this chapter)