Chapter 1001: Shanghai's Great Spending
.The Er Er disease was like a fish in Donghai Province. Some people felt the huge threat brought by Fan's second day.
After a period of high-profile construction of Hengshan Port, the leaders of Shanghai finally couldn't sit still. Taking advantage of the opportunity of Shanghai to hold a high-level tourism program and seminar, Tong Yushan specially asked Tong Yushan to invite Fan Wubing to Shanghai to join the party.
Originally, Fan Wubing was very comfortable here, so he might not have the interest to go to Shanghai to participate in an event. However, now Tong Yushan is the Minister of Publicity of the Standing Committee of the Shanghai Municipal Party Committee, and he just happened to be in charge of this work. Therefore, Fan Wubing had to consider it. After all, he was his de facto father-in-law. He invited him to participate in an event for the first time. If he didn't go, he would be too disgraceful.
And then Tong Xiaoyun also called and mentioned this matter, obviously hoping that Fan Wubing would come over.
There are many businesses in Shanghai every year, but there are only a few heavyweights, and the others are basically just eating and drinking. In order to compete for the hosting rights of the conference, they will gain some benefits for their subordinates. The competition is still relatively fierce, and after a county has the history of taking on such large-scale business talks, it will be much easier to compete for the hosting rights of such activities.
After Fan Wubing passed this time, under the reception of Tong Yushan, he took several important executives to sit down with several major leaders in Shanghai, talked about the exhibition issues of Fan's Investment Group in Shanghai, and also analyzed some major construction projects in Shanghai to determine whether there is room for cooperation between the two parties?
But to be honest, Fan Wubing is not very interested in the exhibition in Shanghai, and Shanghai itself is a mixture of dragons and snakes. Since Hong Kong's international trade port status has declined, a wave of opening Pudong has been set off in China, and Shanghai's international financial center status has been continuously strengthened. In a sense, its importance has surpassed several other old international financial centers and has become an important stronghold for world financial capitals to seize the beach.
It is precisely because the situation here is too chaotic that Fan Wubing finds it a bit difficult to deal with. Once something happens, it is not easy for him to figure out who is motivating behind the scenes. This is a very unfavorable condition.
As the saying goes, people are afraid of being famous and pigs are afraid of being strong. The scale of Fan's investment group is too large and the goal is too large. The possibility of being plotted against is also very high. If it weren't for his strong financial situation and his father Fan Heng supported him to the leading position of the country, he would probably not be able to cope with so many heroes who were eyeing Fan's family.
With Tong Yushan as his side. In addition, the leaders of Shanghai have many interests in the Fan family, so everyone has a relatively harmonious conversation.
As far as the content of the conversation is concerned, Fan Wubing felt that the Shanghai Municipal Government still has a lot of complaints about the current central financial policies, especially the reform of the tax sharing system, which made local governments feel that the financial pressure has increased significantly.
As for the current debt problem in China, after the tax-sharing reform, the central government's finances are absolutely fine, but local debt problems have gradually shown some clues.
How much is the total local debt? Because the disclosure system is opaque, it is difficult to obtain very accurate data. However, according to the calculations of Fan Wubing's subordinates, it should not be a small number, and at least it is moving towards a trillion-dollar scale.
The reason why local debts grow so fast in the short term is mainly determined by two factors. The first is that after the central government liberalized the property market, local governments began to develop the habit of selling land to make money. With land, they can obtain a lot of money from banks and obtain huge fiscal revenue. In other words, land finance gives local governments the confidence to have debts. Banks and developers are not afraid of local governments relying on their debts. Even if they spend their debts, they still do not converge at all.
The second is that after the tax-sharing reform, the central government's financial resources were strengthened, but the local financial strength was weakened.
For example, the central government will take away 75% of the VAT of one dollar, and only 25% will be left to the local government, and local governments will have to bear the heavy responsibility of economic development. In addition, local officials pursue short-term growth as the basis for political achievements, and the flow system for officials. The money borrowed now is paid back by the next government, so it is not uncommon for local governments to borrow debts to survive.
Therefore, local debts are getting bigger and bigger, and they are getting more and more. Especially in township and county-level governments, the original fiscal revenue is very low, and the expenditure demand is very strong. The risks of these two levels of governments are the greatest, and the superiors are like pumps. The financial resources of one level are stronger than those of the next, but the financial resources of the grassroots governments have been severely weakened, which is the most serious constraint for the entire local exhibition.
Even if the local financial resources are relatively weak, there are still many cases of corruption that benefit from the paper cannot contain the fire and frequently surface. The underground undercurrents are flowing more and more, while the finances of the above-ground rivers are becoming increasingly slight, with greater risks, and can even completely block the economic development.
If the government that borrows from multiple parties fails to cover the cost of the investment and financing platform's project investment income, these hidden debts will inevitably become obvious, putting huge pressure on local finances, and even in the end they have to pay the bill by the central finance and commercial banks.
Moreover, if austerity policies are chosen, the risks of local governments are likely to explode very quickly.
In view of this, the State Council has issued a notice on strengthening the management of local government financing platform companies, but this kind of rectification obviously cannot really solve the problem of local debt, because local governments must develop the economy. The distortion of central and local fiscal revenue distribution has made these problems unable to be effectively solved, and it can only treat the symptoms but not the root cause.
However, it is impossible not to allow local debt exhibitions, because when domestic officials are quantitative in their political achievements, local officials must exhibit so that at least they can keep their silhouettes. It is inevitable that local officials from all walks of life will pay attention to the debt exhibitions. Even if they are not allowed to offer debt exhibitions, they still need to show them when they seize the opportunity.
And at a deeper level, the people in various places also hope that their local economies will become better, especially in the context of urbanization, large amounts of public expenditures are necessary.
But Fan Wubingjue said that other debts are not demons. When necessary, debt development is not a bad thing.
But there is a limit here. It is that you cannot be excessive. If it is excessive, it will lead to local fiscal crisis and public power squeezing private spheres, causing waste and monopoly.
The most important thing at the moment is that the central government must give local governments more financial power, because the real bearer of the economy will still say that it must be implemented on the grassroots government.
Restricted local finances can only lead to their over-reliance on government and debt. The result of debt-taking is to start a large-scale pumping process.
Even so, many grassroots governments do not have the power to sell their land at all, and are restricted by various noble names. In fact, they are restricting local developments, and they are also providing institutional peace and stability in violation of regulations.
If this situation cannot be changed, the weakening of local strength is actually a weakening of local economic development, which will inevitably affect the overall economic development.
The situation in Shanghai is obviously relatively better, but the reason is that it is due to the major measures taken by the country to open Pudong and the tendency support policies of the Shanghai Gang forces that currently occupy an advantageous position.
Fan Wubing set up Fan's headquarters in Shanghai, and he also has a tendency attitude to show his strong support for the development of Shanghai's economy, especially the development of Pudong New Area. Now the Shanghai Municipal Government has actually encountered many problems in the exhibition. The most important point is that although the current real estate market has been liberalized, the stimulation effect on the government is not very obvious. In the case of large-scale construction in Shanghai, if sufficient funds are not available to support construction, it is obviously not feasible.
Therefore, there is a very important problem now. After Fan Wubing built a large-scale construction in Hengshan Port, Shanghai felt huge pressure. It can be expected that in a few years, Hengshan Port and Jiangran Port will become the largest hub port in China. Some of the businesses that originally used in Shanghai Port will also be moved to Donghai Province due to the convenience of geographical advantages.
"Shanghai's development is inseparable from port business." The mayor said to Fan Wubing, "Now the natural conditions in Shanghai restrict our progress, and this problem must be solved.
The estuary of a large river is easy to make beautiful articles, and the loss of a boat often brings prosperity. Over the past hundred years, Shanghai has done a lot in the Huangpu River.
Since the late 19th century, Shanghai relied on the convenience of connecting the Huangpu River and connecting the rivers and seas, and its routes radiated to the Yangtze River, coastal and even Southeast Asia. By the 1930s, the annual freight volume of Shanghai Port had reached 14 million tons, which was ranked seventh in the world at that time and was ranked the leader in Asia. With its shipping and transportation, the city of Shanghai became a very famous economic, trade and financial center in the Far East at that time.
Because the biggest feature of Shanghai is that it is located in the north and south of China. The convergence of rivers and seas, and the middle of the north and south is on China's coastline. Shanghai can basically echo from the middle to the north and south. Its transportation is also the most convenient. There is also the convergence of rivers and seas, which is the Yangtze River, which is the longest river in China and the most prominent river basin. In the region, this river meets the sea in Wuhongkou, Shanghai, so Shanghai is in such a favorable position.
Therefore, Shanghai has developed to this day, but it is actually a city that develops a port, so if Shanghai leaves the port, it cannot be called Shanghai.
After the reform and opening up, the articles in the Huangpu River made Shanghai's exhibitions dazzling. After decades of exhibitions, Shanghai Port has become the largest port in China and one of the world's famous ports. However, the estuary is easy to make a fuss, and the restrictions are also at the estuary. The depth of the Huangpu River is about seven meters long, and it is always an insurmountable hurdle.
Since the 1990s, container transportation has become the mainstream of the international maritime industry exhibition. Oceanwide transport ships are becoming larger and larger, and the mainstream models are already large container ships with draft of 15 meters. In order to adapt to this change, Shanghai has accelerated the construction of container-specific wharfs, but the newly built Waigaoqiao wharf is still restricted by the water depth of the Yangtze River waterway.
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"We in Shanghai also need to have our own deep-water port terminal!" The mayor was very determined to Fan Wu.
Fan Wubing was confused when he heard this and couldn't help but interrupt him and asked, "This, please forgive me for your opinion. The Deepwater Port Wharf was not spoken out or dug out. You always have to consider the convenience of the location, otherwise how can you achieve this goal?"
Feng Chang nodded and replied, "No, but we have found a solution to the problem!"
"Oh, then please tell me?" Fan Wubing was also interested in this. After all, the relationship between Shanghai Port and Hengshan Port should be due to the increase and decrease of one thing. He also wanted to know how Shanghai could solve this big problem of insufficient water depth.
After listening to the mayor's introduction, Fan Wubing couldn't help but have some insights and thought that once this person became serious, there was really no problem that could become a real problem.
The core issue of the construction of Shanghai International Shipping Center is to build a container deep-water hub port with a water depth of more than 15 meters. Five years ago, the Shanghai Municipal Party Committee and Municipal Government listed the location selection of deep-water ports as one of the top ten research topics. At that time, three plans to go north, east, and south were proposed.
Going north, you will go to the current Baosteel area. From the Yangtze River to the Luojing area, it is called the North Plan. The second is called the East Plan. The East Plan is the Waigao Bridge, and the East Plan is the Waigao Bridge, and the third plan is the south Plan. The south Plan is the Hangzhou Bay. Three plans were proposed at that time. After the three plans were demonstrated, they felt that they did not have a waterway and dock with a depth of 15 meters.
Since none of these three methods meet the requirements, there is only one idea, which is to jump out of the Yangtze River estuary and go to the outer sea to find the new port site of Shanghai's deep-water port.
After conducting investigations in Hangzhou Bay, the Yangtze River Estuary, everyone decided to build a deep-water port on Yangshan Island, about 30 kilometers away from Luchao Port in Nanhui, Shanghai, to jump out of the Huangpu River and the Yangtze River Estuary, to the ocean, and to the near-shore islands to leapfrog safe and safe development.
However, it is unprecedented to build a deep-water port on the vast ocean. The difficulty of engineering, technical difficulty, construction experience, and all kinds of problems that decision makers must face. Just the preliminary decision-making and demonstration work of the project has not been completed for five years.
"According to the previous demonstration, the construction of a Donghai Bridge must be started as the connection line between the port area and the mainland. This will be the first truly cross-sea bridge in my country and the longest cross-sea bridge in the world." The mayor said to Fan Wubing, "The Donghai Bridge in the standard length is 32.5 kilometers, the standard bridge deck is 31.5 meters wide, and it is divided into two-way double-slip bridge decks, and is designed according to the high-highway standard with six lanes in both directions and emergency parking belts."
After hearing this, Fan Wubing didn't speak for a long time.
Chapter completed!