Rebirth: I am in Jin-Cha-Ji

The areas controlled by the East China Bureau were the wealthiest and most developed in China. Rao Shushi had also participated in the previous two National Finance and Economic Conferences.

"Comrade Rao Shushi, we are currently issuing treasury bonds on such a large scale, not only to supplement the fiscal deficit, but also to suppress the current rapid rise in prices. In the six months since the founding of New China, the average price of goods in various places has risen by more than six times, and the prices in some important cities have even risen by more than six times.

It's increased more than tenfold. If we count from the beginning of the year, average prices have increased dozens of times. We must control prices and collect excess RMB from the market.

After the outbreak of the Liberation War in 1946, prices across the country rose at an alarming rate.

In just two or three years, prices across the country rose hundreds of times.

Of course, this is also related to the collapse of the gold yuan.

The central government's current issuance of the RMB isn't actually controlled by the central government. The RMB needs to circulate, but it can't harm the interests of the people. Therefore, the current issuance of the RMB is primarily for exchange purposes.

During the Republic of China period, there were countless different currencies.

Each liberated area had its own local currency. In addition to the gold yuan, the Kuomintang-controlled areas also circulated a variety of other currencies, including foreign exchange, Hong Kong dollars, and of course, gold and silver were also widely circulated.

During wars, there was chaos and the people only trusted silver dollars.

As a result, the price of silver dollars soared.

Exchanging these currencies is very difficult. In order to build the people's trust in the new government, the government can only exchange the amount of currency they receive for RMB. And the total exchange rate cannot make the people suffer too much. If they suffer too much, how can they trust the new government?

We can't follow the example of Chiang Kai-shek's group. At the end of the War of Resistance Against Japanese Aggression, they deliberately devalued the counterfeit currency in the Japanese-held areas. And they didn't just devalue it slightly; they practically treated the counterfeit currency as worthless paper. In this way, they plundered the wealth of the Japanese-held areas.

That’s why there is a saying “hope for the central government, hope for the central government, but it will be even worse when the central government comes”. Chiang Kai-shek’s group also lost the support of the people.

New China cannot do such a thing.

Therefore, in terms of exchange rates, especially regarding the severely depreciating gold yuan, New China was still quite friendly to the people. However, after a round of exchanges, the excessive amount of RMB issued also contributed to inflation.

This is still the result of the government's strong control.

To stabilize prices, the government has also taken a number of measures. To prevent people from exchanging their gold and silver for RMB, the government deliberately set an exchange rate much lower than the black market price, encouraging people to save their gold and silver and not exchange them for RMB in the short term.

Once New China starts exchanging gold and silver on a large scale, inflation will become even more severe.

This is also true for the Hong Kong dollar.

There are currently hundreds of millions of Hong Kong dollars in circulation in China. If all of them were exchanged, inflation would become uncontrollable. Therefore, the new government has set an extremely low exchange rate while preventing the Hong Kong dollar from circulating freely in China. The main purpose is to force the Hong Kong dollar out of the domestic market.

But prices are still rising very fast.

Therefore, the Ministry of Finance's plan is to issue government bonds, which can make up for the fiscal deficit and tighten the currency to suppress prices.

"I believe that we must be cautious in our fiscal policy. This year, there have been wars everywhere, and the Kuomintang has also carried out sabotage during its retreat. Our industry and commerce are on the verge of bankruptcy. After the founding of the People's Republic of China, after several rounds of rectification, our industry and commerce have recovered to a certain extent, but this recovery is still

Very limited. Recently, Shanghai business owners have jointly told the government that their business situation is very difficult and hope that the government can give them a loan. Issuing large-scale government bonds at this time will lead to a rapid drop in prices and will cause the country's industry and commerce to fall into a large-scale bankruptcy again.

in.

Rao Shushi opposed the Ministry of Finance's plan to issue treasury bonds in the new year.

After hearing what Rao Shushi said, Wu Hao said, "Is the situation of Shanghai's industry and commerce so bad?

Rao Shushi said with certainty: "After the outbreak of the Liberation War, the industrial and commercial situation in Shanghai was already very bad. Severe inflation had already hit Shanghai's industry and commerce. When the Kuomintang retreated, they also raided Shanghai's industry and commerce, causing many companies to be unable to operate normally.

We have finally managed to temporarily stabilize the market. If prices fall rapidly at this time due to the government bond program, it will be another blow to industry and commerce. my country's industry and commerce cannot withstand such a turmoil.

Inflation is bad.

Too severe inflation will directly destroy a country's finance and economy.

However, with the victory in the "two whites and one black" war, the rate of price increases across the country has slowed down. In the past two months, prices in Shanghai have risen by about 40%. Although the rate of increase is still not slow, it actually shows that the price stabilization efforts of New China have begun to take effect.

However, if the Ministry of Finance implements the next large-scale treasury bond action, it will cause prices to fall rapidly.

This is something that many businessmen cannot accept.

Having finally weathered the severe inflation, they are now quite content with the current prices, but any rapid drop in prices would directly impact their profits.

Bo Shuchun hesitated for a moment.

He began, "National debt must be issued. But our goal is to address the fiscal deficit and inflation, not to hurt industry and commerce nationwide. If industry and commerce nationwide truly have too many problems, the national debt plan should be revised."

Shanghai's economy is very important.

In other words, the entire East China economy accounts for a very high proportion in China.

If there is a large-scale collapse of industry and commerce in East China, it will affect the national economy which has just stabilized.

Wu Hao and Bo Shuchun both attach great importance to it.

"Secretary Rao, during the Liberation War, industry and commerce throughout China suffered a severe blow. This wasn't limited to East China, nor was it limited to Shanghai. Industry and commerce in Northeast China, North China, and Central and South China were also severely impacted. It's been almost a year since Shanghai's liberation, and its economic order has stabilized.

Especially after the "Two Whites and One Black" war, which hit those speculators, the RMB began to circulate in Shanghai. Shanghai's industry and commerce are in trouble, but I don't think they are to the point of being unable to operate. Guangdong was liberated later than Shanghai, but its industry and commerce are currently stable.

Hai's industry and commerce have never before requested loans on such a large scale, yet they've been making such a big noise before our Third National Finance and Economics Conference. Are they truly facing operational difficulties, or are they trying to oppose the Ministry of Finance's national debt plan?

Wei Hongjun spoke.

Wei Hongjun had to speak up.

Before the Third National Financial and Economic Conference, the government's intention to issue large-scale treasury bonds was widely known. Industrial and commercial businessmen were particularly well aware of this. However, the treasury bond plan was unfriendly to businessmen, especially those in light industry in Shanghai.

Because this is to hit prices.

For them, falling prices will inevitably affect their profits.

At this time, they were acting so pitiful with the government, demanding large-scale loans. Furthermore, Shanghai had a great influence nationwide, and these businessmen were quite influential. They were making such a fuss just to force the government to compromise.

Wei Hongjun personally took over big cities such as Beijing and Tianjin.

Wei Hongjun could guess what these Shanghai capitalists were thinking. Of course, Wei Hongjun didn't have to say anything. After all, the Ministry of Finance's national debt plan was personally managed by Wu Hao, Chen Yun, Bo Shuchun, and Mao Zemin.

But Wei Hongjun saw that Wu Hao and Bo Shuchun were obviously trying to be persuaded by Rao Shushi.

Once Wu Hao and Bo Shuchun were convinced, Chen Yun would definitely not voice any opposition. The Ministry of Finance's national debt plan would then have to undergo a major revision, something Wei Hongjun could not accept.

The Ministry of Finance's national debt plan was developed based on current conditions after extensive consultations among the Finance and Economics Committee, the Planning Committee, and the Compilation Committee. If it were revised due to objections from Shanghai merchants, the consequences would be severe.

In the future, if the government introduces policies that are slightly unfavorable to them, they will threaten the government.

If the government takes a step back under the pressure of Shanghai capitalists, it will continue to take steps back.

"Comrade Wei Hongjun, this is not an era of war, but an era of peaceful construction. We need stable economic development, so we must listen to the opinions of these industrialists and businessmen."

Chapter 790 Concentrated Firepower

Rao Shushi opposed Wei Hongjun's statement.

In the era of peaceful construction, economic development is inseparable from these industrialists and businessmen. Especially in a country like New China that is extremely short of funds, the interests of these businessmen cannot be affected. Before and after the founding of New China, many businessmen withdrew their assets in China and went to Hong Kong, Macau and even abroad.

Because of their departure, New China suffered a serious loss of funds.

Directly affect the stability of the national economy.

Shanghai was a core city. Before and after the liberation of Shanghai, many wealthy people fled the city. Rao Shushi could not allow Shanghai's wealthy to flee again because of the national debt crisis.

“That’s what I thought.”

Bo Shuchun also spoke.

Dao said: "Our party's organizational principle and leadership system is democratic centralism. When we formulate the national debt plan, we must widely listen to the opinions of all sectors of society. Only in this way can we avoid problems with our policies."

Bo Shuchun is a person who attaches great importance to industry and commerce.

While grain revenue currently accounts for the largest portion of the Ministry of Finance's revenue, nearly 40% also comes from taxes, with industry and commerce contributing significantly to these taxes.

If the country's industry and commerce really go bankrupt on a large scale, it will directly affect taxation and the Ministry of Finance's revenue.

"Huh, we do need to listen to the opinions of all classes. But I hope comrades will not forget that we are the Communist Party, a Marxist party. Our ruling foundation is the worker-peasant alliance, and we also need to rely on the worker and peasant class. What is the problem now? Is it the whole country?

The price increase and serious inflation have affected the lives of the general public. So our national debt policy should be based on this fact and take the interests of the general public into consideration. Now we must bring down the prices and stabilize the lives of the general public. This is related to

This is a matter of vital interest to the people. This is the most urgent matter.

Before Wei Hongjun could say anything, Gao Gang, the secretary of the Northeast Bureau next to him, spoke first.

Gao Gang is decisive, but also has a bad temper.

He really couldn't accept what Bo Shuchun said, so he got angry and spoke in a harsh tone.

And he said directly: "Don't the capitalists in Shanghai live well? I think they live very well. They still have the energy to do propaganda: put pressure on our financial conference. We ignore the interests of the broad masses of people and change the system just for the words of a few capitalists.

Is it a national debt plan? I would like to ask, is our government's policy-making for the benefit of the general public, or is it only for the interests of those capitalists?"

Gao Gang's opening words were a sweeping sweep.

No matter who you are.

The Prime Minister, Bo Shuchun, and Rao Shushi, who had just spoken, were all criticized by Gao Gang.

The political bureau members of the Seventh National Congress were very important, after all, there were only 14 of them. However, in the past four years, they began to show their strengths and weaknesses. Among them, Kang Sheng was neglected, mainly because he offended too many people during the Yan'an Rectification Movement. After being appointed as the secretary of the Shandong Branch, he

In fact, he did not stay in Shandong for a long time. He spent most of his time recuperating and avoiding the limelight. Even when he attended some important meetings, he did not say much. Peng Zhen made several mistakes in the construction of the Northeast Base Area. After being promoted to the Central Committee, the current situation is also quite embarrassing. Peng Zhen originally

He was a cadre of the Northern Bureau and later the secretary of the Central Bureau of Puchaji. Puchaji and later the North China Bureau should have been Peng Zhen's base.

But the reality was that the core base of the Jin-Cha-Ji cadres, and later the North China Bureau cadres, was divided up by others. During the period when Peng Zhen left Jin-Cha-Ji, local cadres headed by Liu Huafu were marginalized by both Jin-Cha-Ji and the North China Bureau.

Later, he stayed in Northeast China for two years, but was unable to form a team and was at a disadvantage in the confrontation with Gao Gang.

Zhang Wentian's performance in the Northeast was still very good. Chen Yun and Gao Gang both believed that Zhang Wentian's work ability was still very strong. Gao Gang even recommended Zhang Wentian to be the first deputy secretary of the Northeast Bureau. However, the Central Committee is currently dominated by the local faction. Zhang Wentian, a former Soviet-educated figure, is not as good as the other.

The boss didn't feel anything. As a result, Zhang Wentian's position was getting lower and lower day by day.

Compared with them, Gao Gang, as a member of the Politburo of the Seventh National Congress, has made remarkable achievements in Northeast China.

He is also highly regarded by the Chairman.

So he really dares to say anything.

"Comrade Gao Gang, I think your criticism is unreasonable.

Bo Shuchun was very angry.

Everyone had been discussing issues, financial matters, but Gao Gang, upon opening his mouth, immediately escalated the discussion.

Bo Shuchun was also a local official who had served as the acting secretary of the Central Bureau of Shanxi, Hebei, Shandong and Henan, and the second secretary of the North China Bureau. Although Gao Gang was a member of the Politburo, Bo Shuchun was not afraid.

So he directly retorted: "Comrade Gao Gang, we must remember that our country is now in the stage of the New Democratic Revolution. Our party allows the existence of these private capitals at this stage and supports their development. They are an important part of our national economy.

They are also part of the masses, not a class in opposition to them. Furthermore, these industrialists and businessmen have been in business for so many years that they are even more familiar with economics than we are. Listening to their opinions is extremely beneficial when formulating our economic policies.

"laugh--"

As soon as Bo Shuchun finished speaking, Gao Gang made a harsh mocking sound.