Chapter 524: Inconsistency

After Chen Mingluo made such a fuss, the deputy minister and boss were unhappy. He left early without waiting for the performance to watch the show and flew back to the capital directly.

In the subsequent art performance, Chen Mingluo met Xiao Mingxue, who also attended the merger ceremony of the four schools.

"You are idle and have nothing to do, why are you messing with him?" Xiao Mingxue said to Chen Mingluo with some complaints, "That Deputy Minister Chu is not very sensible. If you offend him this time, he will definitely remember you firmly."

At this time, Chen Mingluo realized that the deputy minister of the Ministry of Education, named Chu Cai, had a very famous name, but his character is questionable. It is said that he was a relative of an old cadre who was forced to do so. He was not very good at his level, but his airs were very big, and he was not very likable in the Ministry of Education.

"The main reason is that his mouth is too smelly, and he is annoyed when he sees it." Chen Mingluo replied, "You can hear what he said just now, so how can you not make people angry?"

Xiao Mingxue naturally disliked this guy, but some words were not easy to say, so he said to Chen Mingluo, "Don't provoke those people if you're okay, those are all with identity backgrounds. I don't know when they will stumbling up you."

Chen Mingluo nodded and said yes, but he felt a little dissatisfied.

The deputy minister of the Propaganda Department has stepped on it himself, which scared the other party to take refuge abroad. What about the deputy minister of the Ministry of Education? Chen Mingluo does not think that the deputy minister of the Ministry of Education can be more awesome than the deputy minister of the Propaganda Department.

The subsequent art performance was quite lively. After all, the four universities have their own art teams. Whether it is teachers or students, it is easier to find some outstanding talents from this.

This time the merger of the four schools is a major event. The celebration is expected to last about a week, and the students' coursework will be affected to a certain extent. However, from reality, even if a week of classes is delayed, it will not have any major impact. After all, the homework in the university is actually very loose, and even if you don't listen to the class, the impact is not very big.

It is said that this art performance also invited many celebrities from all walks of life to help. For example, Liu Ruyan from Xiling University was also invited back. In addition to singing a few classic old songs, new songs also took this opportunity to launch them.

There are quite a few similar red stars, and the provincial government has specially allocated some funds for this. Although it seems to be a waste, considering the overall impact, it is very helpful to expand the popularity of Xiling University, and the money is still worth it.

But Chen Mingluo was not interested in staying here, so he was rushing back to deal with some things.

There was a fuss at the celebration ceremony today. It wasn’t Chen Mingluo’s lies. In fact, the medical monitoring system was already out a few days ago. The experts have basically passed the review. Today, it was just that Chen Mingluo took it and attacked Deputy Minister Chu.

However, Chen Mingluo made a temporary decision to invest 200 million yuan. In addition to giving Deputy Minister Chu a warning, he actually had a relatively optimistic view of the innovation practice activity base. He wanted to firmly control the benefits in this area and become the biggest beneficiary.

In recent years, the international financial environment has not been good at all, and it can even be said to be very poor. The domestic market has been more or less affected, especially those industries related to foreign trade in the coastal areas, which have been affected even more.

Where will Asia go after experiencing the Southeast Asian financial crisis?

Looking around the surrounding mountains and rivers, I was covered in bruises.

The overall technical level of Japan's economy has become wider and wider. Japan's economic growth rate in the second quarter of this year fell by 3.3% compared with the same period last year, which is the third consecutive quarter of the decline of the Japanese economy.

Analysts pessimistically believe that Japan has entered its worst economic recession in the past fifty years.

Based on foreign exchange, Indonesia lost the fruits of a generation of development almost overnight. The Indonesian economy is expected to fall 15% this year compared with last year. The Thai stock market has lost 90% of its market value. Malaysia simply closed down and implemented foreign exchange controls, so it no longer deals with foreigners in capital accounts.

With the collapse of the Russian economy, Western economists are already talking about the bankruptcy of the entire concept of emerging markets. The total amount of foreign debt owed by Russia will reach as high as US$200 billion, which is the largest foreign debt owed by a government in human history.

Data shows that from the beginning of the Asian financial crisis in July last year to the beginning of the year, about hundreds of billions of dollars of funds have flowed out of Asia, and now it is only a lot more or less.

The bubble economy is broken, the market demand is sluggish, the capital is exhausted due to low returns on investment, and the phenomenon of banks being reluctant to lend is like a ghost, wandering on the Asian continent.

Although Soros hates Hong Kong, international financial tycoons are still eyeing Hong Kong. As long as Hong Kong's basic economic situation has not fundamentally improved, this threat cannot be completely lifted.

There are also reports that the main force of international speculators has not withdrawn from the battlefield. Some American banks and investment companies are still purchasing one-year forward foreign exchange market contracts in Hong Kong. It is said that Soros alone has a forward trading of HK$40 billion expires on February 8 next year.

"Imperialism will never die!" Chen Mingluo said this with the fat white man.

As the director of the 17th Bureau of the National Security Bureau, Bai Fatty has been controlling the inside information at the economic level. At this time, he was a little moved when talking about this matter with Chen Mingluo.

Fatty white man said, "We actually don't know how to develop the world economy, because our old methods are no longer effective, and the obvious and especially effective new methods have not yet appeared. This is a difficult period for a while, everything needs the market to self-regulate and heal itself."

Chen Mingluo did not agree with his words, "It would be a bit unreasonable to say this. You cannot use your incompetence to conceal your mistakes. This is unfair and unscientific."

Chen Mingluo never thought that this kind of situation in the economy was inevitable. In fact, behind all these economic crises or financial storms, a huge shadow appeared, that is, the US government.

"Strictly speaking, our political system is a collusion between officials and businessmen, while the American political system is a combination of officials and businessmen. The two seem to be similar, but in fact there are many differences." Chen Mingluo analyzed.

"You speak so badly-" Fatty White said dissatisfied, "If you count a few years ahead, you can arrest you directly. How could you attack the political system like this? And I don't agree with your statement."

"Don't be dissatisfied, what I'm telling is the truth." Chen Mingluo glanced at him and said.

"The International Monetary Fund's plan not only fails to revive the difficult economy in Asia, but also will make the situation worse. Now is the time to use some strong medicine," said Chen Mingluo.

What he said is that Asian countries must cut off the ties between the domestic capital market and the foreign capital market.

This means that there is also the need to temporarily implement monetary control measures. In other words, the original intention of Western countries to enable Asian countries to transplant free economies has now come to its opposite.

Faced with this situation, what should Hong Kong do? What should China do?

The fat man was deeply worried about these problems and felt that his talents in this area were indeed not enough.

"The United Stock Exchange of Hong Kong and many investment institutions are also studying the establishment of a second-board market aimed at serving smaller and more technical small enterprises in the Mainland and Hong Kong." Chen Mingluo said to Fatty White, "You should be clear about this matter, right?"

The fat white nodded, "I know this."

In fact, through this incident, Hong Kong has begun to realize that its high-rise buildings and real estate services alone are no longer enough to withstand the repeated attacks of international financial tycoons.

If the six million people in Hong Kong have paid more than 20,000 Hong Kong dollars each in order to defend the linked exchange rate, then in the long run, if the price is less than 1%, that is, 600 million Hong Kong dollars, it can cultivate a group of technology-intensive emerging enterprises in the mainland and Hong Kong for the Hong Kong stock market. Hong Kong's ability to withstand international storms in the future may achieve a hundred times the effectiveness.

Because of this, people in the Hong Kong investment and education circles believe that Hong Kong must create prosperity in the new century by providing financial services to a new generation of enterprises with high knowledge and advanced technology levels in the Mainland.

"So, many mainland companies have been hiring Hong Kong executives recently." Chen Mingluo said to Fatty White. "No matter what, in terms of economic management and in keeping with international finance, Hong Kong people are indeed more proficient than most of us mainlanders, but there is also a problem here."

"What's the question?" asked the fat white man with great interest.

Fatty Bai was very surprised by Chen Mingluo's foresight. Now, he obviously disagrees with what he meant. So what is wrong with this? I need to listen to Chen Mingluo's careful analysis of it.

Chen Mingluo didn't talk nonsense, and said directly, "Sometimes, it's not a good thing to let experts lead a group of laymen, especially in finance."

"I can't understand it a little-" Fatty White became more and more confused as he said it.

Since Chen Mingluo has always emphasized that he would let professionals do professional things, why did he say that in terms of finance, it is not a good thing to let experts lead a group of laymen?

This statement is inconsistent. Fatty Bai was intuition that something was wrong with Chen Mingluo's brain, so he said such words.
Chapter completed!