The technological flood of rebirth

Chapter 66: Targeted issuance of special government bonds

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Since there is still no news after the plan is submitted, Zhao Yi can only continue to stay at home and compile the teaching materials. This work has come to an end. After the compilation is completed, it will need to be reviewed by the Ministry of Education. Once approved, it can be printed.

Therefore, Zhao Yi must finish compiling the teaching materials in the past few days, otherwise he will be in a hurry. At the same time, he asked Principal Jiang Ping to set up a school-run publishing house and printing factory. After the teaching materials are reviewed and approved, he needs to leave one month for the printing factory. print.

On July 10, 1982, Zhao Yi finally finished compiling all the teaching materials, and then printed them into paper books. This work was done by the secretary. There was no need to do it personally, because all the teaching materials added up to thousands of books, just the printer The speed cannot be completed in one or two days. In order to increase the speed, Zhao Yi asked the secretary to buy several more printers and print at the same time.

Just when Zhao Yi thought he could finally rest for a few days, someone from the National Development and Planning Commission came and asked him to attend a seminar on smart grid construction.

When Zhao Yi heard that he wanted to attend this meeting, he immediately understood what it meant. Because the technical conditions have matured, various seminars have been held, and smart grid-related equipment has been basically developed. At this time, it is necessary to Holding a seminar is probably just a matter of money. If there is no money, it will be of no use no matter how good the previous things are.

It was still the same conference room where Zhao Yi attended the seminar last time. When Zhao Yi arrived, there were not many people in it. Looking at this scene, Zhao Yi guessed that there might not be many experts in this meeting, and there were probably more government officials such as the Ministry of Finance. .

Sure enough, near the beginning of the meeting, a large group of people who didn't look like experts came in. After everyone was seated, the leaders of the State Planning Commission were accompanied by personnel from the Ministry of Finance.

There was no red tape in the meeting. He went straight to the topic and said: "The State Electric Power Corporation is already undergoing reforms and will be split into the State Grid Corporation and the Power Generation Company. We already have a certain consensus on improving the State Grid, and will soon With the deepening of the country's reform and opening up and the needs of economic development, power supply is indeed becoming increasingly tight, so it is necessary to solve the problem of power shortage. This meeting is to discuss how to solve this problem."

The tone for this meeting was set from the beginning. This meeting was not about feasibility, but how to solve the problem.

The leader of the State Planning Commission on the side took over and said: "What I just said is very clear, that is how to solve this problem. I think everyone here has heard of it. Just over a year ago, Mr. Zhao proposed that our country Facing power shortages, and solutions.”

"After such a long period of research on the reform of the State Electric Power Corporation and the construction of a national smart grid mentioned by Mr. Zhao, we believe that these are feasible, especially when we recently learned that Xinhui Energy Company provides smart grid services. The construction has developed a large number of new technologies and new equipment, which provides a solid foundation for the construction of smart grids."

"As for power generation, Mr. Zhao also cares about the country and is willing to join this industry. According to Mr. Zhao's project application, it is planned to double my country's power generation capacity from just over 300 billion kilowatt hours in 1981 to 2019 in about a year. More than 600 billion kilowatt-hours. According to our expert assessment, these plans are feasible, and relevant comrades from our State Planning Commission also support them."

"One of the problems of energy shortage, that is, the power generation problem, Mr. Zhao helped us solve it. Another problem is the construction of smart grids. The problem we are facing now is the shortage of construction funds. The Ministry of Finance estimates that this year's fiscal revenue will only be 200 billion. Left and right, the budget left for us is stretched thin.”

After the leader of the State Planning Commission finished speaking, an official from the Ministry of Finance who attended the meeting said: "It is indeed difficult for our Ministry of Finance to invest large sums of money in the construction of smart grids. Although we believe that it is indeed necessary to solve the current power shortage problem, I think based on The actual situation of the country’s fiscal surplus means that we should build slowly and there is no need to build too early.”

Officials from the Ministry of Finance have expressed their opinions. Now the issue has reached a stalemate. They all recognize the necessity of building smart grids. The question is whether to build it on a large scale or to build it slowly based on actual conditions.

According to the Ministry of Finance, living within one's means is a safe approach, but sometimes economic accounts are not calculated that way. If everything goes well, then fiscal revenue will not increase much in the next few years. Then the power shortage will always be around, affecting the country's economic development and further affecting the increase in fiscal revenue.

Everyone knew the crux of the problem. Zhao Yi knew that it was his turn to speak, otherwise he would not have been allowed to attend this meeting. Maybe they just wanted themselves, the "God of Wealth", to solve this problem.

Zhao Yi took over and said: "When I proposed this plan, I had already predicted that there might be insufficient fiscal revenue to support such a large-scale smart grid construction. However, if the problem of power shortage is not solved, it will affect the country. Economic development and people's living standards will also be affected, which in turn will affect national fiscal revenue. If we don't invest on a large scale now, the curse of power shortages will be with us for a long time in the future, so I think the long-term pain is worse than the short-term pain."

"And our incremental construction is actually not too large. Our current priority is to transport power from areas with rich energy resources to areas with strong power demand. Therefore, we only need to build a few backbone transmission lines at the beginning, and add new local distribution lines." The power system will be equipped with a smart grid, while the existing power grid can be slowly transformed based on the actual financial situation and the subsequent profitability of the power grid."

When the leader of the State Planning Commission heard Zhao Yi's words, he took over and said: "We have discussed the situation mentioned by Mr. Zhao. Our own funds are still not enough. There is still a shortfall of about 20 billion yuan."

Hearing what the leader said, Zhao Yi stopped hiding and said directly: "If it's just this little gap, then I have a way."

Asked: "Tell me, is there any way to solve this problem?"

"In fact, it is not a novel method, which is to issue special bonds by the Ministry of Finance. Considering that the people in the country are not wealthy at present, if bonds are issued to the people, it will not only affect their lives, but also affect the development of the social economy, so it can Issuance of directional bonds." Zhao Yi explained his method.

Issuing bonds is nothing new. This economic method is very common abroad, but it is rarely used in China. However, it is not that national bonds have never been issued.

The economic income of the domestic people is not high, and there is basically little surplus. Excessive issuance of government bonds will lead to insufficient private consumption, and there may even be situations where government bonds cannot be sold. It is also not feasible to issue government bonds to international capital.

But this time after hearing Zhao Yi's directional bond issuance, everyone understood what it meant. Zhao Yi was willing to buy all the bonds this time. They are still very clear about Zhao Yi's strength. He contracted a desert and dumped out 5 billion US dollars without blinking an eye. Although they did not know his specific strength, his previous performance added a sense of trust to them.

The last time our country issued national debt was in 1958, and all of it was paid off in 1968. For more than 20 years, there was no domestic debt or external debt. Last year, in 1981, in order to balance the fiscal budget, treasury bills were issued to enterprises, government agencies, groups, troops, institutions and individuals.

In fact, these units or individuals who purchased treasury bonds did not think that the country would repay the money. Many people lost the treasury bonds they purchased, and some just threw them into random corners.

However, the amount issued in the past was not very large, and it is rare to issue more than 20 billion in one go this time. However, State Grid has always been profitable, and there is no worry about not being able to return it when it expires. In fact, it can be regarded as a corporate bond guaranteed by the Ministry of Finance. (End of chapter)