This time, Chang Ruiqing's concessions were quite large, even exceeding the expectations of Roosevelt and others! Originally, he just wanted China to open up four to five of the most profitable industries to American companies - China does not regulate investment in all industries, and many industries with little profit and fierce competition are not regulated - now Chang Ruiqing opened railways, electricity, oil and civil aviation in one breath. It can be said that Roosevelt's purpose has been fully achieved, but unexpectedly, Chang Ruiqing added the two items of abolishing foreign exchange control and import quota control, which is equivalent to abolishing all trade barriers except tariffs! If it weren't for the abolition of tariffs that China has implemented now being outrageously high, it can be said that China has achieved trade liberalization (of course, investment liberalization has not yet been achieved). So Roosevelt was almost overjoyed and agreed to Chang Ruiqing's conditions, and British Prime Minister Churchill and German Foreign Minister Rattenau also nodded in agreement.

"Prime Minister, the four industries of railways, electricity, oil and civil aviation have been opened up, and foreign exchange controls and import quota controls have been cancelled... Is this concession a bit big?" Liao Zhongkai, who was riding in the same car as Chang Ruiqing, asked with some concern on the way back to the Wangcheng official residence.

"What's the big deal?" Chang Ruiqing waved his hand indifferently and said with a smile: "Our country is so big, so many places need to be built on railways and power plants. Without foreign capital, how many years will it take to build them well? And these investments can immediately stimulate employment. I don't want any wave of unemployment after the war ends." He paused and said: "As for oil and civil aviation, haha. The former will not have many opportunities for foreign investors to enter, while the latter does not seem to be a particularly profitable business, so let them come. In addition, it is also necessary to cancel the non-tariff trade barriers, because our policy of supporting and protecting domestic industry and commerce has been going on for many years. Now is the time for them to experience real ups and downs. Zhongkai, you must know that by protecting, you can never protect truly competitive large companies and strong industries. Besides, don't we have the threshold for high tariffs?"

Chang Ruiqing was very confident. Roosevelt had agreed to purchase US$5 billion in Huayuan Treasury bonds every year before the establishment of the world monetary system. The basis of the future world currency is half of the territory and half of the GDP (the annual additional issuance standard is the increase in GDP). This is equivalent to creating capital equivalent to tens of billions of dollars out of thin air. In this way, China will not lack capital, resources, and of course, labor, and probably not lack commercial geniuses. Then, use the world monetary system and international free trade rules to complete the market-oriented transformation of the domestic economy in two or three years, and then you can open the market with confidence.

However, Liao Zhongkai frowned: "Zeng Muhan's Ministry of Commerce once conducted an investigation. Although our industry and commerce are not small at present, there are more than 100,000 large industrial and commercial enterprises with capital exceeding 1 million yuan. However, the production of most industrial and commercial enterprises revolves around military supplies. Once the war is over, military supplies orders will drop sharply, and these enterprises will face survival difficulties, which may take a considerable time to complete the transformation.

In addition, although there are many factories on the land of the Soviet Union and Japan that we occupied, and some factories are still very large, almost all of these factories are in a state of suspension. Moreover, most of these factories are also engaged in heavy industry and military industries. After the war, we need to invest huge amounts of money in technological transformation to implement transformation..."

"Just openly auctioned." Chang Ruiqing waved his hand and interrupted: "Public enterprises should not participate in bidding. After the war, we should gradually realize privatization. The fewer public enterprises, the better. Even if the public shares do not withdraw, they should be converted into preferred shares as much as possible. Only take dividends and do not participate in the operation."

"Prime Minister, you mean..."

"I have said several times that after the war, the government will gradually withdraw from business operations, and all public enterprises will gradually be privatized, and the government will hold shares or sell them, or convert them into preferred shares."

"But without the investment of the government, how can private capital achieve industrial transformation and transformation?" Liao Zhongkai said to Chang Ruiqing with a serious expression: "Or why we should focus on the big and let go of the small and government capital withdraw from the fiercely competitive industries, but continue to retain its existence in important industries related to the national economy and people's livelihood, and help those enterprises become bigger and stronger."

Chang Ruiqing pondered and shook his head: "Mr. Zhongkai, why did we have to invest strongly in steel, electricity, railways, military industry, shipbuilding, aircraft manufacturing, petrochemicals, machinery and automobiles in the past? That is to deal with wars. In order to win the world war, we must pull seedlings and encourage growth. Regardless of economic benefits, we use the state capital to build a large number of heavy industries and military enterprises. At the same time, we also used the instructions of the State Planning Commission to order the four major chaebols to invest huge amounts of capital into heavy industries and military industry..." He looked at Liao Zhongkai for pain

He smiled and said, "And what is the situation of the efficiency and management of these two heavy industry and military-industrial enterprises with different ownership systems? You, the Minister of Finance, must know better than me? The same price of the same weapon must be that the quality of the companies managed by the chaebols is better, and they earn more profits from it! If it weren't for the fact that military products were not worried about sales in wartime, our public enterprises would have been squeezed out by private enterprises! What would such public enterprises do? Let's sell them to the consortium as soon as possible."

"But Prime Minister, if we sell all the important enterprises related to national economy and people's livelihood to consortiums, won't these consortiums control the country?" Liao Zhongkai looked at Chang Ruiqing and saw that the other party was unmoved, and sighed: "And the demand for heavy industry and military industry after the war will inevitably shrink, and it will be difficult for private companies to maintain these factories. It will inevitably lead to significant layoffs at that time..."

"Zhongkai, I have already thought about these two issues. I have already explained the issue of consortium controlling the state in books such as "A Discussion on Left Democraticism" and "From National Socialism to Democratic Socialism". We do not engage in proletarian dictatorship, nor do we engage in bourgeois dictatorship, and we recognize that class struggle exists. However, we must control the scale of class struggle, and we cannot engage in violent revolution, but we can only carry out class struggle with votes and trade union struggles within the scope of the constitution and law. We must strive for economic interests and political interests for the Chinese working class and peasant class in China.

Isn’t face-to-face rights the mission of our China GCD? As long as our party can always assume the mission of representing workers and farmers, there will be no consortium to control the country. Even if there is no public enterprise in our country, as long as we Chinese GCD people still need workers and the votes of farmers enter the parliament and the Prime Minister’s Office of Tangshan, China is not a country controlled by large consortiums and capitalists! On the contrary, even if all industrial and commercial enterprises are publicly operated, just like the current Soviet Union, Japan, and India, can you say that they are real workers and farmers are the masters of their own country?”

Chang Ruiqing waved his fist gently and said confidently: "As for the demand for military products after the war, the demand for heavy industry will definitely shrink, but the demand for heavy industry will not shrink, and it will increase. Because we have obtained more than 20 million square kilometers of new land... To truly control these lands and become the living space for our descendants, we will inevitably invest in the construction of infrastructure, and then implement large-scale immigration projects, such as roads, railways, power plants, power grids, water plants, and various pipelines in cities, as well as hospitals, schools, police stations, prisons, barracks, government agencies and buildings, etc., all require the government to pay for construction. The money we borrowed from the Americans and the funds we obtained from selling public property must be invested in these places. In addition, foreign investment should be invested in railway construction, power grid construction and mineral development in Siberia and Central Asia.

In addition, the development of the eight metropolis also requires a large amount of government funds. The construction of these eight metropolis is very important to the future of the Federation. Looking at the development history of various industrialized countries in the West, there is a process of urbanization. To a certain extent, industrialization is urbanization, and urbanization is industrialization. Only when the urbanization rate exceeds 50%, can a country's industrialization be considered basically completed. Although our country has the third largest heavy industrial production capacity in the world, the urbanization rate is still very low, but it is only about 25% (historically, it was a little more than 17% in the end of the Republic of China), which is half the difference compared to Russia before World War I, let alone Western Europe and the United States. So in the next few years, the government's financial resources will mainly be invested in infrastructure construction, rather than directly operating public enterprises."

Liao Zhongkai thought for a moment before nodding and said, "I understand what the Prime Minister means. The purpose of our sale of public enterprises and introducing foreign capital is mainly to create demand for domestic heavy industrial enterprises and to accelerate the development of Central Asia and Siberia."

Chang Ruiqing nodded with some disappointment. It seemed that Liao Zhongkai could not distinguish between "bureaucratic capitalism" and "socialism" in his life. However, as long as he could obey himself, the Minister of Finance could still do it. He was silent for a while before saying, "Okay, Zhongkai, you can understand this way. After returning to China, I plan to start selling public enterprises. Except for the power plants and power grid shares in the hands of the Ministry of Social Security, the shares of the power grid will be gradually converted into preferred shares, and the remaining shares of public enterprises should be sold as much as possible. If they really can't be sold or cannot be sold at a good price, they will be converted to preferred shares. In short, this process should be as short as possible, and it must be done before the negotiations between international free trade and the world monetary system are completed. Otherwise, those large British and American consortiums will compete with our domestic large companies. Do you know?"
Chapter completed!