"Mayor, I went back home during the Chinese New Year. Have I mentioned this to you?"

In the room, Jiang Yunhao looked at Zhou Jingfang and said.

"Hmm~"

Zhou Jingfang didn't know what he meant, but she nodded anyway.

"I'm from Nanzhou. Although I rarely go back once a year in the army these years, I have always paid attention to the development of my hometown."

Listening to Jiang Yunhao's sigh, Zhou Jingfang took a deep look at him and said nothing more.

Because she knew that Jiang Yunhao must have something more to say.

"In the past two or three years, the total GDP of Ludong Province has grown rapidly. Since surpassing Jiangnan Province in 2005, it has occupied the second position in the country for three consecutive years... Whether it is private or official, there is no response to this achievement.

They are all very complimentary.”

Jiang Yunhao seemed to be thinking about his words, and his speech rarely slowed down.

"In the past two years, the economy of our Ludong Province has grown rapidly, surpassing Jiangnan Province, a long-standing economic powerhouse. It is normal for everyone to cheer for such achievements. However, many people have ignored some hidden dangers."

Zhou Jingfang immediately cheered up after hearing this: "You mean, our Ludong Province has hidden dangers in economic development?"

Jiang Yunhao looked directly into Zhou Jingfang's eyes: "Yes, that's what I mean!"

Without waiting for Mayor Zhou to ask further questions, Jiang Yunhao stated his thoughts in detail.

"Our Ludong Province is a province with a large population, a large economy, and a large industry. At the same time, Ludong Province is the only province in the country that has all 41 major industrial categories."

"Our population ranks second in the country, which guarantees our total GDP."

Jiang Yunhao explained: "Huanghai City and Ningtai City are among the first 14 coastal cities approved by the country to open to the outside world. We are not lacking in both economic foundation and economic policies."

Zhou Jingfang nodded silently after hearing this.

Indeed, Ludong Province has a very good economic foundation and a complete range of industrial categories.

Especially in the late 1990s, the province took a strong government-leading role, selected a number of large enterprises, and introduced a series of supporting policies such as production, credit, technological improvement, and working capital to carry out fattening cultivation.

This development model, also known as the "elephant economy", drives economic growth by focusing on the development of "big companies, big brands, and big industries."

It should be said that the "elephant economy" has brought very good effects to the economic development of Ludong Province.

Even describing it as "immediate results" is not an exaggeration.

After entering the new century, the construction of the heavy and chemical industry began a period of rapid development, and Ludong Province also seized such development opportunities.

The provincial government uses investment to drive development and expand and strengthen heavy industries represented by petrochemicals and oil refining, pushing the "elephant economy" model to the extreme.

Zhou Jingfang knew what Jiang Yunhao said.

But she didn't realize there was anything wrong with it.

"There is no problem in relying on fixed investment to promote the development of large enterprises. However, the current international financial crisis has shown certain signs and has cast a shadow over the world economy."

Jiang Yunhao's statement continued, "These days, I have studied early warning articles from several well-known financial institutions, and everyone generally believes that a more serious economic crisis will break out in the second half of the year."

"In the face of this upcoming economic crisis, our Ludong Province lags behind its brother provinces in terms of early warning. Our response after encountering difficulties is also somewhat delayed..."

Hearing this, Zhou Jingfang couldn't help but asked curiously: "Could it be said that Jiangnan Province had already taken corresponding actions at the beginning of this year?"

The start of this year's world financial crisis emerged in January.

And it started from Western developed countries and spread to other countries step by step.

It is hard for Zhou Jingfang to imagine that Jiangnan Province could respond so quickly.

"I dare not draw conclusions easily about the overall situation in Jiangnan Province. But at least in Nanzhou City, they have taken precautions. Like my hometown Jiangling District, they are now focusing on high-end industries, informatization, and technological transformation and upgrading.

This allows them to avoid vicious competition with their rivals in low-end manufacturing to a certain extent."

After a pause, Jiang Yunhao said matter-of-factly: "Of course, in the face of the financial crisis, our province is not without measures. Not long ago, the province launched a new investment plan, with a total investment of more than one trillion. But this investment plan

, but it has gone to the dark side on the road of heavy industry and investment-driven..."

When Jiang Yunhao said this, Zhou Jingfang basically understood what he meant.

There is no doubt that Jiang Yunhao is not optimistic about the province's economic policies and feels that the province's measures to stimulate the economy by investing in additional investment are problematic.

This view is not shared by Jiang Yunhao and his family.

Domestic financial experts have also pointed out the shortcomings of the "elephant model" in Ludong Province.

Experts believe that Ludong Province relies too much on large enterprises.

All fixed investment in the province has been invested in excess production capacity that should have been eliminated.

In the short term, it can indeed stimulate economic growth.

But once the hidden danger breaks out, it will be very dangerous.

Relatively speaking, Jiangnan Province and Eastern Zhejiang Province do not have such pressure.

Their economies are more diversified and their ideas change quickly.

The vitality of enterprises is far higher than that of Ludong Province.

Even if you lag behind for a period of time, you can rebound in a short period of time.

Zhou Jingfang's eyes fell on Jiang Yunhao, and she felt mixed emotions in her heart.

In college, I studied economics.

But on this issue, Jiang Yunhao did not see it clearly.

What is the reason for this?

Soon, Zhou Jingfang realized what Jiang Yunhao said.

"Mayor Zhou, to put it bluntly, it is estimated that half of the government's fixed investment in large state-owned enterprises will not be implemented. How much money will be left in the end when it can really be used on the cutting edge?"

Jiang Yunhao spread his hands and said, "But if the same amount of investment is given to private enterprises, the effect will be completely different..."

Jiang Yunhao didn't point it out directly, but the meaning was already very clear.

Indeed, there are many state-owned enterprises in Ludong Province, and GDP is driven by these enterprises.

When things went smoothly before, of course there was no problem.

But once we encounter difficulties like this year and there are problems with the operation of the company, we will be in big trouble.

Likely, like dominoes, they will all fall when touched.

This is the reason why Jiang Yunhao is not optimistic about the economic development of the province.

When Zhou Jingfang was speechless, Jiang Yunhao added something more.

"A slight deviation in the provincial economic policy will have far-reaching consequences. Perhaps it won't be long before our economy will fall into a low ebb. Being overtaken by Jiangnan Province is probably unavoidable."
Chapter completed!