1988: Back to the human world for a few years

Chapter 629 Advance and retreat
There are many reasons why the Southern Tour Speech has always been regarded as a turning point in reform and opening up by later generations. The most important one is that it opened up a wave of relatively comprehensive marketization.

Compared with comprehensive marketization, these words may sound ordinary, but what they contain is very profound.

This means opening up markets in many areas to allow foreign capital and enterprises to enter, and allowing Chinese companies and products to compete directly with their foreign counterparts;

This means that the state will no longer insist on playing the role of mother-in-law in some non-critical fields, and will let state-owned enterprises and private enterprises compete fully;

This means that the organization, faced with a complex domestic and international situation, consciously and comprehensively initiated the process of fat cell endocytosis (see Chapter 173 above).

To describe it with a term that may be more familiar to everyone, that is, "soft landing of the economy."

Of course, although it was a soft landing, compared with the 08 landing, this time the landing process was undoubtedly much harder due to various reasons.

But China is not the Bear Country after all. Although the landing process cannot be called very smooth, it is not without any preparation.

What is also very similar to the economic soft landing in 08, the buffer zone that China prepared for this landing was also a large-scale infrastructure project.

However, unlike the large-scale infrastructure construction in later generations, the infrastructure plan launched this time, in addition to the well-known transportation infrastructure, focuses more on public service product infrastructure, especially industrial public service product infrastructure.

What are industrial public service products?

Guarantee services for a series of energy and industrial raw materials including coal, steel, oil, electricity, and upstream chemical products!

These things may seem unremarkable, but to the industrial sector, they are as indispensable as water and air. Their importance and strategic significance even exceed the imagination of most people.

Just like we have no idea how great the level of social security in our country is, the Chinese people in later generations are too well protected. We are used to the whole city being brightly lit, the factory equipment running 24 hours a day, and the uninterrupted production 365 days a year. We have no idea that China is the only country on the entire planet that can provide this level of comprehensive basic security.

what?
You can't explain why the comprehensive launch of the infrastructure for these public service products could become the landing buffer zone in 1992?

Ok……

Everyone should have heard about China's cancellation of export tax rebates for electrolytic aluminum, which has recently become a hot news, right?

Why is it that something that seems to have made other industrial countries in the world breathe a sigh of relief has caused such grief in Europe and the United States?
The reason is very simple. Once China cancels its export tax rebate, the price of electrolytic aluminum in the international market will soar. Other countries will no longer be able to use high-quality and low-cost electrolytic aluminum, and the costs of various related downstream products will also soar.

This process is irreversible. European, American and other industrial manufacturing countries have no other choice but to accept it?

Why is this happening?

Because electrolytic aluminum is a well-known large consumer of electricity, it consumes 1.4 kWh of electricity to produce one ton of aluminum. According to China's annual electrolytic aluminum production, the required electricity is as high as a terrifying 5000 billion kWh!

What is the concept of 5000 billion kilowatt-hours of electricity?
This is almost equivalent to India's annual electricity generation in later generations... Although we often joke about India, many people may subconsciously forget that India is among the top ten in the world in terms of both GDP and industrial output value. If we do not calculate the per capita level but simply calculate the total amount, its electricity generation is actually already among the best in the world.

In the later production process of electrolytic aluminum, electricity costs account for as much as 40% of the total cost!

Therefore, when China, the only country with 58% of the world's electrolytic aluminum production capacity, suddenly cancelled the export tax rebate for electrolytic aluminum, other countries had no choice but to bear it.

Even if you want to fill this market gap by increasing your country's aluminum production capacity, it is simply impossible.

Either you simply don't have such a huge level of electricity supply, or the electricity cost is too high. If you want to make up for this market gap according to the original aluminum price level... you are dreaming!
In fact, China in later generations had many trump cards like electrolytic aluminum, from industrial silicon to steel, from chemical products to engineering equipment, and even nitric acid cotton for military purposes... It can be said that as long as China wants to turn against you, you will have no ability to resist except to suffer like a wronged young wife.

All of this is built on China's unique level of industrial public service product infrastructure in the world...and this was largely due to the continuous infrastructure project that began in the late 1980s and lasted for more than 20 years.

If we only consider its national strategic significance, this infrastructure project for industrial public service products, which has lasted for more than 20 years, is comparable to the vegetable basket and rice bag projects!

As I said, when you take breathing smoothly for granted, air becomes a killer weapon that no one can resist!

what?
You said that the previous chapter was about general transfer payments and super-long government bonds. Why did you suddenly switch to these nonsense? Are the two related?
Of course, and it matters a lot!

the reason is simple.

It costs money for China to develop these industrial public service products, and a huge amount of funds needs to be invested every year.

This involves general transfer payments or even special transfer payments in the organization.

This is inextricably linked to ultra-long-term government bonds, the oil system including the Dongying Command, and other central enterprises.

........................

Simply put, whenever local or state-owned enterprises implement infrastructure projects and encounter insufficient capital, the first thing they usually think of is to seek financial support from the financial department, that is, to apply for financial funds.

Fiscal funds include local fiscal funds and organizational fiscal funds.

Local fiscal funds mainly include provincial, municipal and county fiscal funds;
The main application channels for organizational financial funds include: applying for general transfer payments, applying for organizational special funds, applying for ultra-long-term special government bonds, etc.

Generally speaking, state-led infrastructure projects such as industrial public service products will be listed as general transfer payments by the organization and will be allocated continuously every year.

But now it is 1992, and China's finances are far less abundant than in later generations.

The No. 1 document is always about agricultural development.
With the two century-long projects, the Rice Bag Project and the Vegetable Basket Project,
The tax-sharing reform has not been formally implemented so far;

Having just experienced the flood in East China;

In a situation where people everywhere are crying out for food;
The reality is that organizations are not allowed to include infrastructure plans for such industrial public service products within the scope of general transfer payments right away.

The word "general" has a special meaning in China, just as general taxpayers (state-owned enterprises or enterprises above designated size) are always more valuable than small-scale taxpayers (small and medium-sized private enterprises); once listed as general transfer payments, it means that the country must allocate the corresponding funds in full and as planned every year for a considerable period of time.

This is a huge challenge for China, which is currently short of money.

Therefore, even if it will definitely be transferred to the general payment category in the future, in the initial stage, we can only try to raise the corresponding expenses through special funds.

Special funds, as the name suggests, are special subsidy funds for projects.

Huaxia has two main types of special subsidy funds: one is the organizational budgetary special funds arranged by the State Planning Commission (later reorganized as the Development and Reform Commission); the other is the organizational fiscal special funds arranged by the Ministry of Revenue;
"Special funds within the organizational budget", referred to as budgetary investment, are fiscal investment funds managed and arranged by the National Development and Reform Commission.

Although fiscal funds are managed by the Ministry of Revenue, the National Development and Reform Commission is given certain organizational powers to be responsible for the management and allocation of some special funds, and to decide how much money to give to which fields and projects. Once the decision is made, the details of the fund allocation will be given to the Ministry of Revenue, and the specific allocation of funds will still be handled by the Ministry of Revenue.

The reason for this arrangement is that the National Development and Reform Commission has always been in charge of projects and has a better understanding of industries and projects. Letting the National Development and Reform Commission be in charge of project allocation will be conducive to precise support for projects.

The specific management form of budgetary investment is that the National Development and Reform Commission sets up special funds in multiple fields to support project construction.

Each special fund is allocated in the form of an annual investment plan, and the Ministry of Revenue issues the investment budget and makes payments through centralized payment.

Therefore, it is obvious that since it is an infrastructure project for industrial public service products, it is natural that in the initial stage it will most likely adopt the model of special funds within the organizational budget.

But this goes back to a question I mentioned again and again...

China is short of money today. No matter what, the money will eventually be allocated by the Ministry of Revenue. If there is no money, everything will be in vain!
So at this time, special government bonds come in handy.

It's very simple. Although the taxes collected by the country are not enough for the Ministry of Revenue to allocate such a sum of money to support the infrastructure projects of those industrial public service products, this money can be borrowed from others!

Borrow from whom?
Of course, we have to borrow from local authorities and a number of central enterprises!

Among them, priority is given to one's own sons. After all, they are all family. Even if there are some unexpected changes at that time, it will be easy to coordinate.

And since Mu Siyuan mentioned the transfer payments from the reform of refined oil taxes and fees before, it clearly revealed a message - the oil system is one of the main purchasers of this special government bond.

This is not difficult to understand. After all, the oil system is the most profitable unit among all the central enterprises. Not only does it have a large surplus after paying taxes every year, but the infrastructure projects of this industrial public service product itself include a large number of oil, gas and chemical security projects. It is only natural for them to ask you to borrow money!
The phrase "ultra-long-term special government bonds" is undoubtedly more like a reward and a promise.

Everyone knows that China's ultra-long-term treasury bonds are mainly divided into three types: 20 years, 30 years and 50 years. But no matter which one it is, the time span is very long... There is no way. The investment areas of ultra-long-term special treasury bonds are originally a dynamic library, and they will be renewed in batches every year within the term (generally interest is paid every six months).

Therefore, when the two words "ultra-long-term" and "special government bonds" are superimposed together, and the main purchasers of government bonds are almost directly specified, it undoubtedly clearly expresses a message... The future transfer payments for the reform of taxes and fees on refined oil products will be classified as general transfer payments.

What this means... is not as simple as getting a stable amount of project funds every year.

Although it is difficult to elaborate, you only need to know that the oil system has made a fortune this time. It is not an exaggeration to say that it has ushered in a huge opportunity that can almost change its destiny.

But it is obvious that the benefits given by the organization are not so easy to get.

If you think about it, you will know that infrastructure projects for industrial public service products like this not only have a very long time span, but also require an astronomical amount of funds each year;
Therefore, as the main purchaser, the oil system must ensure that it has sufficient revenue-generating capacity... At the very least, at the current level, it is clearly insufficient (I must emphasize that it is revenue-generating capacity rather than profitability, the difference is huge).

This poses a huge challenge to the comprehensive business capabilities of all units in the oil system. It also indicates that in the competition that has gradually become clear, each unit has an additional fully quantifiable bargaining chip indicator... the purchase volume of ultra-long-term special government bonds.

This is actually not very good news for the Dongying Command.

Although Shengli Oilfield is the second largest oilfield in China, crude oil extraction here is difficult and contains a high level of impurities. This results in the headquarters having no cost advantage whether developing in the direction of oil exploration or refining. Coupled with its large workforce and high management and operating costs, its revenue-generating ability is simply not worthy of its status as the second brother of the system.

However, for business units, especially for units like Dahua that can both generate revenue and make profits, the situation is different;

Don't forget that Dahua has been systematically guiding and incubating some terminal products in Texas in the past two years, and has been committed to the brand premium of these products - with enough premium space and market carrying capacity, it can effectively hedge the cost disadvantage of crude oil and petrochemical products on the command side. Therefore, it is not surprising that these elders are so friendly to Yang Mo today... Looking at the current command, only Dahua, which is under the control of Yang Mo, is the most valuable catalyst for revenue growth. Yang Mo's invisible weight has once again risen sharply.

Similarly, this is also the main reason why Song Youlong has the confidence to speak up for his son today... The series of cooperation projects derived from the China-Japan Economic Promotion Council, and even the financial business that Song Wenxuan is best at, are also one of the most promising business directions for increasing revenue in the future.

It can even be said that once the ultra-long-term special government bonds are officially issued, and the oil system is indeed the main purchaser of these special government bonds as rumored, then for realistic considerations, even if Yang Mo throws Song Wenxuan on the bench, as long as Song Youlong is willing to take the risk of letting his son get off the ship, the command center can still raise a new platform and let Song Youlong shine on the new platform.

Therefore, Song Youlong’s previous words and actions were most likely intentional.

The purpose is to convey a request to Yang Mo - the reality is here, you should reuse and promote my son, otherwise it will be unjustifiable.

………………

"Dad, isn't Uncle Song a little too impatient? Even if he wants me to use Old Song, he can just tell me in private. Why is he bringing this up in front of so many people and asking you to cooperate with him?"

Yang Mo, like an ordinary son-in-law, helped his mother-in-law bring the prepared meals out of the kitchen while speaking with some complaints.

The dull and boring "chat" had ended more than an hour ago. As there were too many people, the uncles and aunts were tactful enough not to stay at the Mu family for dinner.

Mu Siyuan, who was rummaging through the wine cabinet, turned back with amusement when he heard this: "Tell it in private? Xiao Mo, we've been together for more than a year, and your Uncle Song knows you well. If telling it in private could really be useful, why would he do this?"

Hearing this, Yang Mo smiled awkwardly: "Dad, I don't have any opinion on Old Song. It's mainly because he is now mainly responsible for foreign affairs and financial business... Finance is inherently expansive and weak, so I must be cautious."

Mu Siyuan laughed: "So you don't want to see Xiao Song and Luo Luo get married so soon, because you're worried that with the help of the Lin family, Xiao Song will become too arrogant and you won't be able to control him?"

Yang Mo touched his nose and finally hummed softly: "China's economic foundation is still too weak, and the industrial output value and M2 circulation are still far from enough... Don't look at the big noise I have made in China in the past two years, but in fact, if it is converted into currency, as long as he has enough capital and a little luck, Old Song can mess around in the international futures or capital markets for a year or two, and the income generated by financial leverage can immediately catch up with me on the books."

At this time, Mu Liya also came in with a pot of soup. Upon hearing this, she rolled her eyes at her man and said, "You also know that it's only a tie on paper. If the numbers on the books can explain everything, then Brother Song would have established his own faction long ago!"

"You are just too cautious. You are not the only smart person in the world... Don't worry, Brother Song knows what's going on."

Yang Mo rolled his eyes. "Let's put aside for now whether Old Song is right or not, but I don't have much confidence in your good sister... What if after they get married, Old Song can't stand the pillow talk and starts talking nonsense?"

Miss Mu was immediately furious: "Do you look down on Luo Luo so much?"

She knew that Yang Mo had always looked down on his sister, and even transferred Lin Luosu to Mexico to build the market. It was not without the intention of letting Lin Luosu see the world... If Lin Luosu was not his sister, and if she had said a lot of good things about her, Yang Mo might have kicked her off the boat long ago.

But God has mercy on me. Although Luo Luo is not particularly outstanding in terms of business skills and macro vision, he is not as bad as you said, right?

Yang Mo glanced at her: "Your good sister may not be so inappropriate, but the Lin family may not be... Her good uncle is ambitious and decisive!"

Miss Mu choked suddenly. The biggest problem of the Lin family was that the wife's family was too powerful, which meant that when necessary, they would inevitably give priority to the interests of Shen Xing.

But Eggplant Girl has always admired her uncle, so if Shen Xing really put aside his pride and begged her, Lin Luosu might not necessarily choose to sacrifice her own family for the sake of everyone... Judging from Shen Xing's performance during his contacts with Yang Mo, he is a decisive person, and he will definitely not lose face if necessary.

Fortunately, she knew very well that Song Wenxuan was also a very rational person. If Shen Xing's development momentum was good enough and the plate was big enough, and if Yang Mo was still suppressing him and not letting him come forward, Song Wenxuan actually didn't mind changing his allegiance... The combined weight of the Song family + the Lin family + Shen Xing was actually heavier than Yang Mo's current weight. The only difference was that Yang Mo's future growth was expected to be greater.

Seeing his daughter's expression was a little stiff, Mu Siyuan laughed: "Since the family has decided to fully support Xiao Mo, Ya'er, don't worry too much about it, so as not to affect Xiao Mo's decision. Before I met you, I just mentioned it for Lao Song's sake... He is now a big shot after all, and he knows what to do next."

After saying that, he finally picked out a box from the wine cabinet, then stood up and walked over: "But then again, if Xiao Luo hadn't been transferred to Mexico, she should have married Xiao Song, and maybe even conceived a child... But you two have been married for more than a year, but there is no movement at all, you should try harder!"

Miss Mu's face suddenly turned red, and then she lowered her head guiltily.

It's not that I didn't try hard enough or that I couldn't get pregnant, it's that there was no chance of getting pregnant. Over the past six months, I've taken precautions every time we had sex, so it would be strange if I could get pregnant.

However, I cannot tell my parents about this, otherwise there will definitely be a stir.

Seeing this, Yang Mo scratched his head shyly and covered for his wife: "Hehe, this... work hard, work hard, I must work hard this year!"

After saying that, he changed the subject: "Eh? Dad, what kind of wine is this?"

Following Yang Mo's line of sight, he saw that Mu Siyuan had taken out a very exquisite porcelain bottle from the box, but the wine that poured out was as black as Mozi.

Since he was going back to Dongying to visit his father-in-law and mother-in-law, Yang Mo was naturally prepared to be drunk.

But let's be honest, he could drink ordinary liquor even if it had a high alcohol content by pinching his nose, but if it was medicinal liquor...

When he thought of that strange taste, Yang Mo shuddered.

Seeing this, Mu Siyuan laughed and picked up the bottle and shook it: "This is a new product developed by Yantai Chinese Medicine Factory in the past two years. It is a special three-whip wine produced by Amen's nutritional supplement branch... Don't worry, this is dew wine. It tastes sweet and not difficult to drink!"

As he said this, he placed the already filled glass in front of Yang Mo, revealing a smile that looked a bit frivolous no matter how you looked at it: "I know you're busy, Xiao Mo, managing such a big plate, and you're under a lot of pressure at work... But no matter how busy you are at work, you have to take good care of yourself. Come on, take good care of yourself, and try to work hard this year to give me a little grandson!"

Yantai Chinese medicinal materials?
Special three-whip wine?
Yang Mo glanced at the red box with a picture of an old birthday star, and his eyes couldn't help but twitch.

Damn, isn’t this the predecessor of the Three Whip Wine, a treasure of Central Asia in later generations… It is said that everyone in Yantai in later generations has a bottle of this stuff?

Watching Mu Siyuan raise his glass, Yang Mo picked up the dark glass of medicinal wine and took a sip carefully.

Well, it’s okay, not spicy and has no strange smell. It tastes a bit like acute bronchi syrup.

It is definitely the predecessor of the later Central Asian Three Whip Wine... To be more precise, it is undoubtedly an enhanced version.

Many of the health products released in the 1980s, 1990s and 2000s were pure IQ tax, but many of the medicinal liquors produced by state-owned Chinese medicine factories like this one are truly good products.

Three Whips...

I just don't know which three whips they are, but since they could be delivered to Mu Siyuan, the ingredients must be put into his feet.

Even the later Central Asian Sanbian wine is said to have very obvious effects, so drinking this glass of wine...

Thinking of this, Yang Mo glanced at his wife, feeling both amused and helpless.

I guess my father-in-law thought that his son-in-law was too busy at work and his physical energy couldn't keep up, which was why he hadn't gotten pregnant yet. That's why he kindly gave me a bottle of Sanbian wine to replenish his body.

but……

My dear father-in-law, do you know that if you continue like this, it will be your daughter who will suffer?
When he thought of his wife's disappointing behavior of begging for mercy at every turn, Yang Mo couldn't help but reveal an unspeakable evil on the corner of his mouth.

Hehe, classmate Yaer, you can’t blame me now!
Being glanced at by her own man with a strange smile, the frightened Miss Mu suddenly felt her legs go weak. After a lot of effort, she managed to steady herself and quickly put a piece of tripe into Yang Mo's bowl with a guilty look on her face: "Eat quickly, and have a good rest after eating... I forgot to tell you that there are several cousins ​​coming up tomorrow, and you will have to entertain them then."

Cousin?

Coming from Yangxin County?
Yang Mo immediately realized that something was wrong. They were just peers, not elders. Although it made sense to visit relatives in Dongying at this time tomorrow, it was quite unusual in the case of the Mu family.

Moreover, he even greeted me and asked me to entertain him?

What does this mean...?
Probably guessing the meaning behind this, Yang Mo put down the chopsticks in his hand and frowned slightly.

Seeing this, Mu Liya looked at her father again and explained, "I know you don't want to get too close to those relatives in Yangxin County. In fact, I agree with you... Those relatives have indeed been a little carried away in the past two years. It doesn't hurt to keep a little distance."

"but……"

"Clan relatives are clan relatives, blood relatives are blood relatives, the two are different; clan relatives may be close to us more out of considerations of interests, but blood relatives are definitely the only ones who will stand by us through thick and thin."

As she spoke, Miss Mu sighed: "Although I don't want to admit it, the shortage of staff at Dahua is becoming more and more obvious... Even in the past few months, I asked my father to transfer some people to the Second External Affairs Department, but there is still a serious shortage of staff."

"It's not that I mean anything else, but even though these people followed my father before, there is still a layer of separation between them;"

"So relatively speaking, it is actually necessary to arrange for some cousins ​​to come in and slowly train them... This is both a help and a check and balance."

Gently picking up a piece of cucumber with chopsticks and putting it in the bowl, Mu Liya comforted him, "And don't worry, since we can let them come up tomorrow, the character of these cousins ​​must have been screened. With our mother helping us, there will definitely be no problem."

Yang Mo: "...Why didn't you tell me in advance? I wasn't prepared at all."

It was New Year's Day, and he didn't want to say anything harsh, so he didn't use any words that showed obvious emotions.

Mu Liya has been married to Yang Mo for more than a year. How could she not know her man?
He sighed, "A hero needs three helpers. Actually, I didn't want to do this at first, but there is no other way. When the reconstruction work in the disaster-stricken areas of East China achieves phased results, you will be promoted again. By then, there will be no room to avoid the problem of unstable foundation. "

"You and I are like a couple. Although these cousins ​​are not particularly capable, they are reliable. With their help, you will be able to guard some important links. Even if you encounter any emergencies, you will not be left with no room for maneuver."

As she spoke, Mu Liya looked at Yang Mo innocently: "A few days ago, I helped your cousin Yang Xiao to arrange an internship at the Foreign Cooperation Management Department, and I also asked Director Huang to take good care of him. I saw that you never said anything against it, so I thought you finally figured it out, so..."

Yang Xiao?
Yang Mo's eyes twitched.

Looking at his daughter-in-law who was looking at him cautiously, an indescribable feeling welled up in his heart...

(End of this chapter)