industrial overlord

Chapter 723 Preferential Policies
"This is simply incredible!"

Sisay is throwing things again.The Ministry of Energy reported to him: In 2009, the newly installed wind power capacity in the United States was 10000 MW, while that in China actually reached 15000 MW, 50% more than that in the United States.What is even more unbearable is that more than 10000% of the 30 megawatts of new capacity in the United States use Chinese-made wind turbines, while all of China's own new capacity uses domestic wind turbines. Some necessary parts are imported from abroad.

"Our GDP is twice as much as China's, but our investment in wind power is less than China's. Can anyone tell me what's going on?" Xi Sai asked his staff.

Treasury Secretary Gaynor stepped forward and said: "President, you know, although our GDP is higher, our savings rate is much lower than China's. Last year, China's savings rate reached 48%, which is also That is to say, their citizens converted 48% of their income into investment, while our savings rate is less than 15%, which is only enough to make up for the depreciation of the original assets.

Last year, the Chinese built 5000 kilometers of highways alone, while we... 0. "

"Americans are spending too much money on consumption," Sisay sighed. "We should encourage people to save more and invest more."

"It's unrealistic," Gaynor said. "Our people are used to spending money. They'd rather go into debt than save their money. But the Asians, I mean the Chinese, the Japanese, the Koreans. , They have a tradition of savings since ancient times. During Japan’s economic take-off period, their national savings rate was as high as 30%, while China’s is even more terrifying, reaching nearly 50%.”

"I think it's time to remind the Chinese people to spend more money. We should tell them that the purpose of earning money is to spend money, not to save money for investment." The president's policy adviser interjected.

The assistant in charge of security affairs shrugged and said: "We have been doing this all the time. We have funded more than 20 academic groups and hundreds of economists in China, and let them publish articles accusing the Chinese government of investing too much. It is a pity. , The Chinese government has turned a deaf ear to this, they are keen on everything related to investment. The same is true for Chinese people, if they have money, they would rather find an investment opportunity than spend the money on consumption.”

"What a terrible nation." Sisai said through gritted teeth, not sure if he was angry or jealous.

Sisay is half black.He knew that in his father's hometown in Africa, people didn't know what saving was at all, and the wages paid on the first day, they didn't even save them for the next day, but had to eat them all that night drink up.

But the Chinese are just the opposite. Many businessmen with a net worth of hundreds of millions wear very simple clothes and food, but invest a lot of money.When they really can't find any investment direction, they go to the city to buy a house, and once they buy it, it becomes a building. They call this "real estate speculation".The same phenomenon can also be seen in the United States. When Americans are living beyond their means and overdrafting their future income, Chinese immigrants are busy hoarding gold and houses like squirrels before winter. I really don’t know how they have such a deep interest in investment. .

Xi Sai decided not to pursue the investment issue, which is beyond his ability to change.He changed the question and asked Secretary of Energy Trump and Secretary of Commerce Ford: "Well, even if our investment is not as large as that of the Chinese, at least we should ensure that these limited investments are used to purchase American products? Why do our The wind farm will use Chinese-made wind turbines, who can give me an explanation?"

"I think this is the operator's own choice. We don't have a law prohibiting the use of foreign wind turbines in wind farms. If the price of Chinese wind turbines is more favorable, they will choose Chinese wind turbines. Just like they choose Chinese-made shirts ’” replied Ford.

Twain also added: "Yes, we have never had such regulations, but the Chinese government has such regulations. Their wind farms use all domestic wind turbines, and American wind turbines cannot enter the Chinese market at all."

"We must pass a bill requiring that wind farms built in the United States must use wind turbines produced in the United States to protect our wind turbine manufacturing industry." Xi Sai clamored.

Ford shook his head: "Mr. President, this is inappropriate, and the WTO will condemn us for it."

"Why don't they condemn China?" Sisay asked.The Chinese government can stipulate that wind farms must use domestic wind turbines, and the WTO will pretend to be deaf and dumb and keep silent.When the U.S. government did this, the WTO came out and condemned it. Is there any reason for this?
Ford gave an answer to this: "In fact, China has not clearly stipulated that their wind farms cannot use foreign wind turbines, but each wind farm will abide by this unwritten rule when purchasing, because their wind farms The wind farms are all invested by the state, they don’t have private wind farms.”

"We need to educate our entrepreneurs and instill patriotism in them." Xi Sai said with bright eyes, "We should let every entrepreneur realize that the United States is facing unprecedented challenges, and everyone must unite , in order to resist the competition from China, which is a competition between countries.”

Uh... come on, isn't this a campaign time, okay?The staff members secretly slandered in their hearts.This man probably talked big and empty words during the campaign, and he always looks like this wherever he goes.If you don't take some concrete measures, is there any use for pretending to be like this?What about patriotism, businessman patriotism, isn't this a complete joke?
Xi Sai is a lawyer who is good at speeches and sensationalism.On any occasion, he can burst into tears at any time, as sad as if someone stole 100 yuan.However, after crying, he felt relieved, and felt that he had done what he should do, and others should do the rest.In the more than a year since he became president, he has choked up in public much more times than he has made substantive decisions, which has won him the favor of many female voters.If you say that Americans are pure-hearted, you elected a president just to cry with you?

In comparison, Cisse's predecessor, Bush Jr., was not so hypocritical. As a second-generation president, Bush Jr. was always careless, often saying and doing wrong things, and making all kinds of troubles. It's a joke but I don't mind it at all.But when it came time to kill and make a decision, Bush Jr. didn't hesitate at all, and really had the courage to act.

"Mr. President, there is a situation that needs to be brought to our attention." Tewin rudely interrupted Sisay's performance and said to him, "Actually, it is not a matter of educating our wind power operators how to be patriotic, but It is because our wind power operators are not completely American companies. As far as we know, the wind farms owned by Chinese companies in the United States have reached an installed capacity of nearly 2000 megawatts. It is these wind farms owned by Chinese companies that have opened up It was the first of its kind to use Chinese wind turbines, which led to Chinese wind turbines occupying a place in the US market."

"How is this possible?" Xi Sai was confused by the new information, "How could Chinese companies come to the United States to invest in wind power?"

"We have no bill prohibiting Chinese companies from investing in wind power in the United States." Twain said, "Also, some Chinese companies enter the U.S. market in a roundabout way to operate wind power. For example, I know a company named Lansell , it is registered in the United States, but it is a wholly-owned subsidiary of a Chinese company. I think everyone here has heard of this Chinese company, it is called Hanhua Heavy Industry. "

As soon as Twen said the name of Hanhua Heavy Industries, everyone subconsciously glanced at Xi Sai, and then quickly looked away.As Xisai's staff, everyone naturally knows some of his past events. When Xisai first debuted, he was sponsored by Hanhua Heavy Industry to participate in the election of members.

"Hanhua Heavy Industry, I've heard of it." Sensing everyone's attention, Xi Sai pretended to be in control of everything, and said, "I have paid attention to this company many years ago. Its chairman, Mr. Lin, also met once. I admit that Hanhua Heavy Industry is a very dynamic company with great ambitions. I always think that American companies should learn from its spirit. This is actually a an American spirit. It was in that spirit that our forefathers . . . "

You are such a chatterbox..., Twain sighed in his heart, and he had to interrupt Sisay again: "Mr. President, I think it is very important for us to develop the wind power industry if the Chinese get involved in the construction of wind farms in the United States." Very unfavorable. In order to stimulate the development of the wind power industry, we provide tax relief for wind farms to purchase wind power equipment, and if these wind farms purchase Chinese wind turbines, it is equivalent to using American taxpayers’ money to subsidize Chinese wind turbines industry."

Sisai's impassioned speech was repeatedly interrupted by Twain, and he felt somewhat resentful.Hearing Twain's introduction, he said: "Your opinion is very correct. We cannot use American taxpayers' money to fund China's wind turbine industry. Mr. Twen, what do you think we should do?"

"In my opinion, we should define the target of tax cuts as wind turbine producers, not wind turbine buyers. We need to lower the price of wind turbines produced in the United States to make them competitive by cutting taxes on manufacturers. In this way, China People would not be able to enjoy the preferential terms we offer.” Twain threw out what he had wanted to say for a long time, and in fact, these words were asked to say by more than a dozen American wind turbine manufacturers.

"I think this idea is feasible." Xi Sai's eyes lit up.

Shrugging his shoulders, Ford said: "I don't think this plan will help solve the problem. Giving wind turbine manufacturers a tax cut does not mean that they will be able to be competitive on price."

(End of this chapter)